Silver Tiger Metals Inc. Q2 2026 Financial Statements

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# Silver Tiger Metals Inc. Q2 2026 Financial Statements

Source: https://silvertigermetals.com/files/Silver_Tiger_FS_June-26_-_Final.pdf
Published: 2026-06-30T00:00:00+00:00
Fetched: 2026-09-12T08:15:37.254+00:00
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## Content

# Silver Tiger Metals Inc. Q2 2026 Financial Statements
Source: https://silvertigermetals.com/files/Silver_Tiger_FS_June-26_-_Final.pdf
Published: 2026-06-30
Interim Unaudited Condensed
Consolidated Financial Statements
June 30, 2026
(expressed in Canadian dollars)
August 13, 2026
Management
s Report
The accompanying interim unaudited condensed consolidated financial statements of Silver Tiger Metals
Inc. (the
Company
) are the responsibility of management and have been approved by the Board of
Directors. The interim condensed consolidated financial statements have been prepared by management
in accordance with International Financial Reporting Standards as issued by the International Accounting
Standards Board. The interim condensed consolidated financial statements include certain amounts and
assumptions that are based on management
s best estimates and have been derived with careful judgment.
In fulfilling its responsibilities, management has developed and maintains a system of internal accounting
controls. These controls are designed to provide reasonable assurance that the financial records are
reliable for the preparation of the interim condensed consolidated financial statements. The Audit
Committee of the Board of Directors reviewed and approved the Company
s interim condensed
consolidated financial statements and recommended their approval by the Board of Directors.
These interim condensed consolidated financial statements have not been reviewed by the external
auditors of the Company.
(signed)
Glenn Jessome
(signed)
Keith Abriel
President and Chief Executive Officer Chief Financial Officer
Halifax, Nova Scotia Halifax, Nova Scotia
Silver Tiger Metals Inc.
Unaudited Interim Condensed Consolidated Statements of Financial Position
As at June 30, 2026 and March 31, 2026
(expressed in Canadian dollars)
June 30, March 31,
2026 2026
$ $
Assets
Current assets
Cash 108,631,480 117,059,288
Sales tax recoverable 83,422 206,734
Deposits and prepaid expenses 166,411 195,252
108,881,313 117,461,274
Property and equipment (note 5) 518,364 518,579
Resource properties (note 6) 102,958,593 90,691,258
212,358,270 208,671,111
Liabilities
Current liabilities
Accounts payable and accrued liabilities (note 7) 5,183,671 1,232,169
Equity (note 9) 207,174,599 207,438,942
212,358,270 208,671,111
Approved by the Board of Directors
Signed
Richard Gordon
, Director Signed
Lila Maria Bensojo-Arras
, Director
The accompanying notes are an integral part of these unaudited interim condensed consolidated
financial statements.
Silver Tiger Metals Inc.
Unaudited Interim Condensed Consolidated Statements of Changes in Equity
For the three-month periods ended June 30, 2026 and 2025
(expressed in Canadian dollars)
Number of Share Contributed
shares capital surplus Deficit Total
$ $ $ $
Balance
March 31, 2025 365,047,833 105,498,250 10,565,237 (36,360,957) 79,702,530
Net loss and comprehensive loss for the period - - - (807,323) (807,323)
Shares issued for cash, net of issue costs (note 9) 45,455,000 13,547,543 - - 13,547,543
Shares issued for cash, exercise of stock options
(note 9) 609,574 159,700 (76,000) - 83,700
Stock-based compensation (note 9) - - 289,000 - 289,000
Balance
June 30, 2025 411,112,407 119,205,493 10,778,237 (37,168,280) 92,815,450
Balance
March 31, 2026 558,373,838 238,164,335 10,864,088 (41,589,481) 207,438,942
Net loss and comprehensive loss for the period - - - (1,362,343) (1,362,343)
Stock-based compensation (note 9) - - 1,064,000 - 1,064,000
Shares issued, exercise of stock options (note 9) 200,000 62,000 (28,000) - 34,000
Balance
June 30, 2026 558,573,838 238,226,335 11,900,088 (42,951,824) 207,174,599
The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements.
Silver Tiger Metals Inc.
Unaudited Interim Condensed Consolidated Statements of Loss and Comprehensive Loss
For the three-month periods ended June 30, 2026 and 2025
(expressed in Canadian dollars)
2026 2025
$ $
Operating expenses
Consulting fees (note 8) 125,000 125,000
Depreciation (note 5) 215 267
Dues and fees 152,962 9,912
Insurance 39,738 32,298
Office and other 68,567 54,624
Professional fees 94,968 52,718
Shareholder communication 222,686 214,451
Stock-based compensation (note 9) 1,064,000 289,000
Travel 86,793 33,127
Wages and benefits 132,952 85,234
1,987,881 896,631
Other expenses (income)
Interest income (622,692) (97,507)
Foreign exchange loss (gain) (2,846) 8,199
(625,538) (89,308)
Net loss and comprehensive loss for the periods 1,362,343 807,323
Loss per share
Basic and diluted 0.002 0.002
Weighted average outstanding common shares
Basic and 566,415,907 404,209,676
diluted
The accompanying notes are an integral part of these unaudited interim condensed consolidated
financial statements.
Silver Tiger Metals Inc.
Unaudited Interim Condensed Consolidated Statements of Cash Flows
For the three-month periods ended June 30, 2026 and 2025
(expressed in Canadian dollars)
2026 2025
$ $
Cash provided by (used in)
Operating activities
Net loss and comprehensive loss for the periods (1,362,343) (807,323)
Charges to net loss and comprehensive loss not affecting cash
Stock-based compensation (note 9) 1,064,000 289,000
Depreciation expense (note 5) 215 267
(298,128) (518,056)
Changes in non-cash working capital balances related to operations
Sales tax recoverable 123,312 (42,977)
Deposits and prepaid expenses 28,841 8,417
Accounts payable and accrued liabilities (note 7) 30,176 (35,000)
(115,799) (587,616)
Investing activities
Expenditures on resource properties (8,346,009) (1,154,219)
Financing activities
Proceeds from issuance of common shares (note 9) - 15,000,150
Share issue costs paid (note 9) - (1,452,607)
Proceeds from exercise of stock options (note 9) 34,000 105,600
Payroll withholding taxes paid on exercise of stock options (note 9) - (21,900)
34,000 13,631,243
Change in cash during the periods (8,427,808) 11,889,408
Beginning of periods 117,059,288 3,191,662
End of periods 108,631,480 15,081,070
The accompanying notes are an integral part of these unaudited interim condensed consolidated
financial statements.
Silver Tiger Metals Inc.
Notes to Unaudited Interim Condensed Consolidated Financial Statements
For the three-month period ended June 30, 2026
(expressed in Canadian dollars)
1 Nature of operations
Silver Tiger Metals Inc. (the
Company
) was incorporated under the Canada Business Corporations Act on
June 14, 2010. Its common shares are listed on the Toronto Stock Exchange (the
Exchange
) under the trading
symbol SLVR and on the OTCQX under the trading symbol SLVTF. The Company
s registered office is located
at 2446 Purcells Cove Road, Halifax, Nova Scotia. The Company has one reportable and one geographic
segment.
The Company is a mineral exploration company engaged in locating and acquiring high quality projects and
exploring for silver and gold. To date, the Company has not generated any revenue and is considered to be in
the exploration stage. The Company is in the process of exploring and evaluating its resource properties in
Mexico. The recoverability of amounts spent for the acquisition, exploration and development of the resource
properties is dependent upon the discovery of economically recoverable reserves, the ability of the Company to
obtain the necessary financing to complete the exploration and development of its properties, and upon future
profitable production or proceeds from the disposition of the properties. The operations of the Company will
require various licenses and permits from governmental authorities which are or may be granted subject to
various conditions and may be subject to renewal from time to time. There can be no assurance that the
Company will be able to comply with such conditions and obtain or retain all necessary licenses and permits
that may be required to carry out exploration, development and mining operations at its projects. Failure to
comply with these conditions may render the licenses liable to forfeiture.
2 Basis of presentation
Statement of compliance
These unaudited interim condensed consolidated financial statements have been prepared in accordance with
International Financial Reporting Standards as issued by the International Accounting Standards Board (
Accounting Standards
These financial statements are in compliance with International Accounting Standard 34, Interim Financial
Reporting (
IAS 34
). Accordingly, certain information normally included in annual financial statements
prepared in accordance with IFRS Accounting Standards have been omitted or condensed. The preparation of
financial statements in accordance with IAS 34 requires the use of certain critical accounting estimates. It also
requires management to exercise judgement in applying the Company
s accounting policies. The areas involving
a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the
financial statements have been set out in note 2 of the Company
s consolidated annual financial statements for
the year ended March 31, 2026. These financial statements should be read in conjunction with the Company
consolidated annual financial statements for the year ended March 31, 2026.
The Board of Directors approved the consolidated financial statements for issue on August 13, 2026.
(1)
Silver Tiger Metals Inc.
Notes to Unaudited Interim Condensed Consolidated Financial Statements
For the three-month period ended June 30, 2026
(expressed in Canadian dollars)
3 Material accounting policies
These financial statements have been prepared using the same accounting policies and methods of computation
as the annual financial statements of the Company for the year ended March 31, 2026. Refer to note 3
Material accounting policies and note 4
Changes in accounting policies and disclosures and future accounting
policy changes, of the Company
s annual consolidated financial statements for the year ended March 31, 2026,
for information on accounting policies and new accounting standards not yet effective.
4 Capital management
The Company manages its capital structure and makes adjustments to it, based on the funds available to the
Company. The Company considers capital to be total equity, which as at June 30, 2026 totaled $207,174,599
(March 31, 2026
$207,438,942). The Board of Directors does not establish quantitative return on capital
criteria for management, but rather relies on the expertise of the Company
s management to sustain future
development of the business. The Company is not subject to externally imposed capital requirements.
(2)
Silver Tiger Metals Inc.
Notes to Unaudited Interim Condensed Consolidated Financial Statements
For the three-month period ended June 30, 2026
(expressed in Canadian dollars)
5 Property and equipment
The following tables summarized property and equipment for the period ended June 30, 2026:
Cost
Beginning Additions Ending
$ $ $
Computer equipment 4,753 - 4,753
Furniture and equipment 4,812 - 4,812
Processing equipment 514,976 - 514,976
524,541 - 524,541
Accumulated
depreciation
Beginning Additions Ending
$ $ $
Computer equipment 3,368 104 3,472
Furniture and equipment 2,594 111 2,705
Processing equipment - - -
5,962 215 6,177
Net
Accumulated
Cost depreciation Total
$ $ $
Computer equipment 4,753 3,472 1,281
Furniture and equipment 4,812 2,705 2,107
Processing equipment 514,976 - 514,976
524,541 6,177 518,364
(3)
Silver Tiger Metals Inc.
Notes to Unaudited Interim Condensed Consolidated Financial Statements
For the three-month period ended June 30, 2026
(expressed in Canadian dollars)
6 Resource properties
$
Balance
March 31, 2025 76,647,260
Exploration and property

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