Fitzroy Minerals : 2026 Second Quarter Report FS

About this update from Fitzroy Minerals Inc

FITZROY MINERALS INC. (formerly Norseman Silver Inc.) Condensed Interim Consolidated Financial Statements (Unaudited) (Expressed in Canadian Dollars) For the six months ended March 31, 2026 and 2025 Fitzroy Minerals Inc. (formerly Norseman Silver Inc.) Condensed Interim Consolidated Statements of Financial Position As at March 31, 2026 and September 30, 2025 (Unaudited) (Expressed in Canadian Dollars) Note March 31, 2026 September 30, 2025 ASSETS Current Assets Cash and cash equivalents $ 27,506,533 $ 13,126,910 Other receivables 4 192,065 131,315 Prepaid expenses 267,983 178,266 27,966,581 13,436,491 Reclamation deposits 88,600 88,600 Exploration and evaluation assets 5 & 6 28,975,905 22,418,222 Total assets $ 57,031,086 $ 35,943,313 LIABILITIES Current Liabilities Accounts payable and accrued liabilities 9 $ 596,268 $ 768,341 Total liabilities 596,268 768,341 SHAREHOLDERS' EQUITY Share capital 7 90,901,372 72,357,439 Contributed surplus 7 15,222,081 9,822,375 Deficit (49,595,330) (46,917,684) Accumulated other comprehensive income (93,305) (87,158) Total shareholders' equity 56,434,818 35,174,972 Total liabilities and shareholders' equity $ 57,031,086 $ 35,943,313 Nature of operations and going concern 1 Events after the reporting date 11 On behalf of the Board of Directors "Merlin Marr-Johnson" Merlin Marr-Johnson , Director & CEO "J. Campbell Smyth" J. Campbell Smyth , Director & Chairman The accompanying notes are an integral part of these condensed interim consolidated financial statements. Fitzroy Minerals Inc. (formerly Norseman Silver Inc.) Condensed Interim Consolidated Statements of Loss and Comprehensive Loss For the six months ended March 31, 2026 and 2025 (Unaudited) (Expressed in Canadian Dollars) For the three months ended For the three months ended For the six months ended For the six months ended Note March 31, 2026 March 31, 2025 March 31, 2026 March 31, 2025 General and Administrative Expenses Audit, accounting and legal $ 65,999 $ 35,969 $ 108,846 $ 138,958 Bank charges interest and financing fees 2,635 946 4,422 2,260 Consulting fees 9 220,850 301,550 424,042 534,550 Insurance 18,000 - 28,800 12,000 Investor relations 8,050 7,555 14,721 12,498 Marketing and promotion 66,585 - 99,085 18,484 Office and miscellaneous 14,664 314 21,571 1,274 Regulatory and transfer agent fees 130,189 87,250 169,392 137,332 Salary and wages 9 ...

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