Cupani Metals Corp.

Condensed Interim Consolidated Financial Statements for the Nine and Three Months Ended September 30, 2025, and 2024

A document from Cupani Metals on 6ix · Financial statements · Dec 2, 2025 · 18 pages

For the Nine and Three Months Ended September 30, 2025, and 2024

Expressed in Canadian Dollars

In accordance with National Instrument 51-102, the Company discloses that its auditors have not reviewed these unaudited condensed interim consolidated financial statements.

Cupani Metals Corp. (formerly IC Capitalight Corp.) Condensed Interim Consolidated Statements of Financial Position Expressed in CAD Dollars

Nature of operations (note 1)

Basis of presentation (note 2)

Subsequent event (note 19)

The accompanying notes are integral to these condensed interim consolidated financial statements.

The accompanying notes are integral to these condensed interim consolidated financial statements.

Cupani Metals Corp. (formerly IC Capitalight Corp.) Condensed Interim Consolidated Statements of Changes in Shareholders’ Equity Expressed in CAD Dollars

The accompanying notes are integral to these condensed interim consolidated financial statements.

Cupani Metals Corp. (formerly IC Capitalight Corp.) Condensed Interim Consolidated Statements of Cash Flows Expressed in CAD Dollars

The accompanying notes are integral to these condensed interim consolidated financial statements.

Cupani Metals Corp. (fo

Contents

  • CUPANI METALS CORP. (formerly IC Capitalight Corp). Condensed Interim Consolidated Financial Statements
  • Cupani Metals Corp. (formerly IC Capitalight Corp.) Condensed Interim Consolidated Statements of Operations and Comprehensive Loss Expressed in CAD Dollars
  • 1. Nature of Operations
  • 2. Basis of Presentation
  • Statement of compliance with IFRS
  • Basis of measurement
  • Basis of consolidation
  • 3. Significant Judgments, Estimates and Assumptions
  • 4. Summary of Material Accounting Policies
  • 5. Exploration and Evaluation Assets
  • Blue Lake Property (Cu-Ni-Pt-Pd)
  • 5. Exploration and Evaluation Assets (continued)
  • Exploration and evaluation expenditures
  • 6. Accounts Receivable
  • 7. Investments
  • 8. Property, Plant and Equipment
  • 9. Intangible Assets
  • 10. Deferred Revenue
  • 11. Share Capital
  • 11. Share Capital (continued)

Condensed Interim Consolidated Financial Statements for the Nine and Three Months Ended September 30, 2025, and 2024 on 6ix · Cupani Metals Corp. on 6ix