Resouro Strategic Metals : December 2025 Quarter Financial Statement and MD&A

About this update from Resouro Strategic Metals Inc

Condensed Interim Consolidated Financial Statements of Resouro Strategic Metals Inc. For the three and nine months ended December 31, 2025 and December 31, 2024 (Expressed in Canadian Dollars) Unaudited condensed interim consolidated financial statements In accordance with National Instrument 51-102 released by the Canadian Securities administrators, the Company discloses that its auditors have not reviewed these condensed interim consolidated financial statements for the three and nine months ended December 31, 2025 and December 31, 2024. RESOURO STRATEGIC METALS INC. Condensed Interim Consolidated Statements of Financial Position (Expressed in Canadian dollars) As at, Notes December 31, 2025 March 31, 2025 ASSETS Current assets Cash $ 2,017,593 $ 1,843,664 Prepaid expenses 61,158 54,958 Accounts receivable 32,500 26,800 2,111,251 1,925,422 Non-current assets Right-of-use asset 6 - 7,849 Property and equipment 4 169,986 218,391 Exploration and evaluation assets 5 5,730,340 5,730,340 5,900,326 5,956,580 TOTAL ASSETS 8,011,577 7,882,002 LIABILITIES Current liabilities Accounts payable and accrued liabilities 8 159,390 167,342 Due to related party 11 69,634 100,019 Lease obligation - current portion 7 - 5,789 229,024 273,150 TOTAL LIABILITY 229,024 273,150 SHAREHOLDERS' EQUITY Share capital 9 21,363,745 19,480,922 Warrants 9 1,562,381 464,274 Contributed surplus 3,497,082 3,471,602 Foreign currency translation reserve 32,087 32,087 Non-controlling interest (97,100) 17,080 Deficit attributable to shareholders (18,575,642) (15,857,113) Total shareholders' equity 7,782,553 7,608,852 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 8,011,577 $ 7,882,002 Going Concern 1 Approved by the Board of Directors on February 5, 2026 "Christopher Eager" "Philippe Martins" CEO and Director Director The accompanying notes are an integral part of these condensed interim consolidated financial statements. RESOURO STRATEGIC METALS INC. Condensed Interim Consolidated Statements of Loss and Other Comprehensive Loss (Expressed in Canadian dollars) Three months ended Nine months ended December 31, December 31, Notes 2025 2024 2025 2024 General and administrative Management fees $ 217,346 $ 449,650 $ 800,680 $ 1,217,931 Professional fees 37,337 125,526 436,470 1,111,766 Investor relations 212,002 48,612 317,478 232,193 Travel - project related 78,913 38,563 97,066 34,917 Office and administrative 34,193 30,328 83,430 70,461 Share-based compensation 9 - 152,501 25,480 266,401 Depreciation 4 9,676 18,468 26,401 30,321 Accretion of right-of-use obligation 6 - 716 182 2,876 Depreciation of right-of-use asset 6 - 7,437 7,247 22,062 Foreign exchange loss (gain) 6,738 107,050 18,768 28,212 Exploration and evaluation expenditures 5 521,769 493,075 1,069,848 2,402,405 1,117,974 1,471,926 2,883,050 5,419,545 Other items Interest income (9,923) (48,410) (50,341) (140,016) Total comprehensive loss 1,108,051 1,423,516 2,832,709 5,279,529 Total comprehensive loss attributable to Common shareholders 1,064,220 1,373,422 2,718,529 5,074,730 Non-controlling interest 10 43,831 50,094 114,180 204,799 Attributable comprehensive loss $ 1,108,051 $ 1,423,516 $ 2,832,709 $ 5,279,529 Net loss per share - basic and diluted $ (0.01) $ (0.02) $ (0.03) $ (0.05) Weighted average shares outstanding basic and diluted 104,003,092 92,526,532 96,106,496 88,019,389 The accompanying notes are an integral part of these condensed interim consolidated financial statements. RESOURO STRATEGIC METALS INC. Condensed Interim Consolidated Statements of Cash Flow (Expressed in Canadian dollars) Nine months ended December 31, Note 2025 2024 Cash flow used in operating activities Loss for the period $ (2,832,709) $ (5,279,529) Items not affecting cash: Share-based compensation 9 25,480 266,401 Depreciation 4 26,401 30,321 Foreign exchange 28,371 28,828 Accretion of right-of-use obligation 6 182 2,876 Depreciation of right-of-use asset 6 7,247 22,062 Net change in non-cash working capital balances: Accounts receivable (5,700) 19,088 Interest receivable - (14,728) Prepaid expenses (6,200) 2,223 Due from related parties (30,385) (43,975) Accounts payable and accrued liabilities (7,952) (827,839) Cash flow used in operating activities (2,795,265) (5,794,272) Cash flow provided by financing activities Repayment of office lease 7 (5,145) (24,621) Exercise of stock options 9 - 46,375 Private placement, net share issue costs 9 2,980,931 6,794,743 Cash flow provided by financing activities 2,975,786 6,816,497 Cash flow used in investing activities Exploration and evaluation costs 5 - (50,000) Property and equipment 4 (6,592) (29,928) Cash flow used in investing activities (6,592) (79,928) Net change in cash 173,929 942,297 Cash at beginning of the period 1,843,664 1,921,272 Cash at the end of the period $ 2,017,593 $ 2,863,569 The accompanying notes are an integral part of these condensed interim consolidated financial statements. RESOURO STRATEGIC METALS INC. Condensed Interim Consolidated Statements of Shareholders' Equity (Expressed in Canadian dollars) Share Capital Number of shares Amount Warrants Contributed surplus Non-controlling interest Other comprehensive income Accumulated deficit Total equity Balance at March 31, 2023 43,974,956 $ 5,770,329 $ 359,707 $ - $ - $ 32,087 $ (6,109,783) $ 52,340 Shares issued in private placements (Note 9) 30,565,236 6,743,000 - - - - - 6,743,000 Shares issued as compensation 1,642,000 870,260 - - - - - 870,260 Shares issuance costs (Note 9) - (413,380) - - - - - (413,380) Agent shares (Note 9) - 120,000 - - - - - 120,000 Agent warrants (Note 9) - (104,567) 104,567 - - - - - Share based compensation (Note 9) - - - 1,385,975 - - - 1,385,975 Acquisition compensation issued - - - 1,456,400 - - - 1,456,400 Non-controlling interest (Note 11) - - - - 258,519 - - 258,519 Loss for the year attributable to shareholders - - - - (4,680) - (3,695,693) (3,700,373) Balance at March 31, 2024 76,182,192 $ 12,985,642 $ 464,274 $2,842,375 $ 253,839 $ 32,087 $ (9,805,476) $ 6,772,741 Shares issued in private placements (Note 9) 16,000,000 7,300,420 - - - - - 7,300,420 Shares issuance costs (Note 9) - (933,772) - - - - - (933,772) Shares issued - property acquisition (Note 5) 142,857 40,000 - - - - - 40,000 Agent options (Note 9) - - - 428,094 - - - 428,094 Stock options exercised (Note 9) 265,000 88,632 - (42,257) - - - 46,375 Share based compensation (Note 9) - - - 243,390 - - - 243,390 Loss for the year attributable to shareholders - - - - (236,759) - (6,051,637) (6,288,396) Balance at March 31, 2025 92,590,049 $ 19,480,922 $ 464,274 $3,471,602 $ 17,080 $ 32,087 $ (15,857,113) $ 7,608,852 Shares issued in private placements (Note 9) 15,000,000 1,882,823 - - - - - 1,882,823 Common share warrants (Note 9) - - 1,098,107 - - - - 1,098,107 Share based compensation (Note 9) - - - 25,480 - - - 25,480 Loss for the period attributable to shareholders - - - - (114,180) - (2,718,529) (2,832,709) Balance at December 31, 2025 107,590,049 $ 21,363,745 $ 1,562,381 $3,497,082 $ (97,100) $ 32,087 $ (18,575,642) $ 7,782,553 The accompanying notes are an integral part of these condensed interim consolidated financial statements. 5

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