GOVIEX URANIUM INC. Condensed Interim Consolidated Financial Statements of
GoviEx Uranium Inc.
For the six months ended June 30, 2022
(Stated in thousands of U.S. Dollars)
Notice to Reader
The accompanying condensed interim consolidated financial statements of GoviEx Uranium Inc. have been prepared by and are the responsibility of GoviEx's management. The independent auditor of GoviEx has not performed a review of these condensed interim consolidated financial statements.
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GoviEx Uranium Inc.
Condensed Interim Consolidated Statements of Financial Position
(Stated in thousands of U.S. dollars)
June 30, | December 31, | |||
Notes | 2022 | 2021 | ||
Assets | ||||
Current assets | ||||
Cash | $ | 6,778 | $ | 9,588 |
Amounts receivable | 26 | 20 | ||
Loan receivable | 5 | - | 550 | |
Marketable securities | 3 | 16 | 35 | |
Prepaid expenses and deposit | 29 | 23 | ||
6,849 | 10,216 | |||
Non-current assets | ||||
Long-term deposit | 9(b) | 173 | 173 | |
Plant and equipment | 300 | 104 | ||
Mineral properties | 4 | 69,591 | 69,591 | |
70,064 | 69,868 | |||
Total assets | $ | 76,913 | $ | 80,084 |
Liabilities | ||||
Current liabilities | ||||
Accounts payable and accrued liabilities | $ | 967 | $ | 769 |
Area tax payable | 4 (a) | 5,812 | 6,327 | |
6,779 | 7,096 | |||
Equity | ||||
Share capital | 270,231 | 265,399 | ||
Contributed surplus | 20,936 | 20,890 | ||
Deficit | (231,455) | (224,377) | ||
Equity attributable to GoviEx Uranium Inc. | 59,712 | 61,912 | ||
Non-controlling interest | 4 (a) | 10,422 | 11,076 | |
70,134 | 72,988 | |||
Total liabilities and equity | $ | 76,913 | $ | 80,084 |
The accompanying notes are an integral part of the condensed interim consolidated financial statements. Nature of Operations and Going Concern (note 1)
Approved and authorized for issue on behalf of the Board of Directors on August 26, 2022.
/s/ "Benoit La Salle" | /s/ "Christopher Wallace " | |
Director | Director |
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GoviEx Uranium Inc.
Condensed Interim Consolidated Statements of Loss and Comprehensive Loss
(Stated in thousands of U.S. dollars, except for shares and per share amounts)
Three months ended June 30, | Six months ended June 30, | ||||||||
Notes | 2022 | 2021 | 2022 | 2021 | |||||
Expenses | |||||||||
Area tax | 4(a) | $ | - | $ | - | $ | (2,130) | $ | (2,252) |
Exploration and evaluation | 7 | (2,735) | (1,833) | (4,595) | (2,717) | ||||
General and administration | 8 | (742) | (619) | (1,414) | (1,020) | ||||
(3,477) | (2,452) | (8,139) | (5,989) | ||||||
Other income (expenses) | |||||||||
Change in fair value of marketable securities | 3 | (23) | 5 | (19) | (40) | ||||
Depreciation | (18) | (5) | (35) | (9) | |||||
Foreign exchange gain | 108 | 27 | 295 | 365 | |||||
Recovery of loan receivable | 5 | 499 | - | 499 | - | ||||
Interest and other | 10 | 16 | 16 | 30 | |||||
Share-based compensation | (179) | (129) | (349) | (266) | |||||
397 | (86) | 407 | 80 | ||||||
Loss and comprehensive loss for the period | (3,080) | (2,538) | (7,732) | (5,909) | |||||
Loss and comprehensive loss attributable to: | |||||||||
GoviEx Uranium Inc. | (2,985) | (2,348) | (7,078) | (5,264) | |||||
Non-controlling interest | 4(a) | (95) | (190) | (654) | (645) | ||||
Net loss and comprehensive loss for the period | (3,080) | (2,538) | (7,732) | (5,909) | |||||
Net loss per share, basic and diluted | $ | (0.01) | $ | (0.00) | $ | (0.01) | $ | (0.01) | |
Weighted average number of common shares | |||||||||
outstanding | 591,558,950 | 534,785,552 | 584,165,331 | 521,990,112 |
The accompanying notes are an integral part of the condensed interim consolidated financial statements.
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GoviEx Uranium Inc.
Condensed Interim Consolidated Statements of Changes in Equity
(Stated in thousands of U.S. dollars except for shares)
Equity | Non- | ||||||||||||
Number of | Share | Contributed | Attributable | Controlling | |||||||||
Shares | Capital | Surplus | Deficit | to GoviEx | Interest | Total Equity | |||||||
Balance, December 31, 2020 | 475,799,982 | $ | 248,321 | $ | 20,693 | $ | (213,900) | $ | 55,114 | $ | 12,197 | $ | 67,311 |
Shares issued for cash, net of share issue costs | 32,000,000 | 5,918 | - | - | 5,918 | - | 5,918 | ||||||
Shares issued for warrants exercised | 21,250,000 | 3,462 | - | - | 3,462 | - | 3,462 | ||||||
Shares issued for options exercised | 9,198,658 | 1,438 | (553) | - | 885 | - | 885 | ||||||
Share-based compensation | - | - | 266 | - | 266 | - | 266 | ||||||
Net loss and comprehensive loss for the period | - | - | - | (5,264) | (5,264) | (645) | (5,909) | ||||||
Balance, June 30, 2021 | 538,248,640 | $ | 259,139 | $ | 20,406 | $ | (219,164) | $ | 60,381 | $ | 11,552 | $ | 71,933 |
Balance, December 31, 2021 | 576,136,015 | $ | 265,399 | $ | 20,890 | $ | (224,377) | $ | 61,912 | $ | 11,076 | $ | 72,988 |
Shares issued for warrants exercised | 13,991,269 | 3,932 | - | - | 3,932 | - | 3,932 | ||||||
Shares issued for options exercised | 2,454,500 | 900 | (303) | 597 | - | 597 | |||||||
Share-based compensation | - | - | 349 | - | 349 | - | 349 | ||||||
Net loss and comprehensive loss for the period | - | - | - | (7,078) | (7,078) | (654) | (7,732) | ||||||
Balance, June 30, 2022 | 592,581,784 | $ | 270,231 | $ | 20,936 | $ | (231,455) | $ | 59,712 | $ | 10,422 | $ | 70,134 |
The accompanying notes are an integral part of the condensed interim consolidated financial statements.
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GoviEx Uranium Inc. published this content on 27 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 August 2022 18:18:35 UTC.
