GFG Resources : Third Quarter 2026 Financial Statements

About this update from Gfg Resources, Inc.

‌GFG Resources Inc. Condensed Interim Consolidated Financial Statements (Unaudited) For the three and nine months ended March 31, 2026 and 2025 Expressed in Canadian Dollars NOTICE OF NO AUDITOR REVIEW OF CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS Under National Instruments 51-102, Part 4, subsection 4.3(3)(a), if an auditor has not performed a review of the interim financial statements, they must be accompanied by a notice indicating that an auditor has not reviewed the financial statements. The accompanying unaudited condensed interim consolidated financial statements of the Company for the three and nine months ended March 31, 2026, have been prepared by and are the responsibility of the Company's management. The Company's independent auditor has not performed a review of these financial statements. ‌Condensed Interim Consolidated Statements of Financial Position (Unaudited - Expressed in Canadian Dollars) March 31, June 30, 2026 2025 $ $ Assets Current Assets Cash and cash equivalents (note 3) 4,211,755 4,649,387 Receivables (note 4) 278,832 146,334 Reclamation bond (note 5) - 298,782 Prepaid expenses 210,651 140,963 Investment (note 6) 1,074,490 384,957 Promissory note receivable (note 7) - 939,607 Non-Current Assets 5,775,728 6,560,030 Deposits 11,349 12,800 Exploration and evaluation assets (notes 8, 14 and 15) 41,692,847 36,757,211 Property and equipment (note 9) 139,554 21,072 47,619,478 43,351,113 Liabilities and Shareholders' Equity Current Liabilities Accounts payable and accrued liabilities (note 10) 1,027,067 322,895 Flow-through share premium liabilities (note 11) 318,474 619,073 Lease liability (note 12) 27,973 14,059 Advance (note 13) 20,908 20,464 Non-Current Liabilities 1,394,422 976,491 Lease liability (note 12) 101,208 - Deferred tax liability 1,202,000 359,000 Shareholders' Equity 2,697,630 1,335,491 Share capital (note 14) 64,600,893 61,735,701 Reserves (note 14) 4,348,780 3,598,398 Accumulated other comprehensive loss (678,440) (678,440) Deficit (23,349,385) (22,640,037) 44,921,848 42,015,622 47,619,478 43,351,113 Going concern (note 1) Subsequent event (note 18) "Patrick Downey" "Arnold Klassen" Patrick Downey, Chair Arnold Klassen, Audit Chair The accompanying notes are an integral part of these condensed interim consolidated financial statements Condensed Interim Consolidated Statements of Net Income (Loss) and Comprehe...

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