LOMIKO METALS INC.
(An exploration stage company)
CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
(Unaudited - Expressed in Canadian Dollars)
For the six-month periods ended January 31, 2022 and 2021
TO THE SHAREHOLDERS OF LOMIKO METALS INC.
Under National Instrument 51-102, Part 4, Subsection 4.3(3)(a), if an auditor has not performed a review of the unaudited condensed consolidated interim financial statements, they must be accompanied by a notice indicating that the financial statements have not been reviewed by an auditor.
The accompanying unaudited condensed consolidated interim financial statements of the Company have been prepared by management and have been reviewed and approved by the Company's Audit Committee and Board of Directors.
The Company's independent auditor has not performed an audit or a review of these unaudited condensed consolidated interim financial statements for the six-month periods ended January 31, 2022 and January 31, 2021.
LOMIKO METALS INC.
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION (Unaudited - Expressed in Canadian Dollars)
ASSETS Current
Cash and cash equivalents (Note 3) Other receivables (Note 11) Prepaid expenses
Non-current
Due from associate (Note 4) Investments in associates (Note 4) Exploration and evaluation advances Exploration and evaluation assets (Note 5)
As at January 31, 2022
As at July 31, 2021
$
5,986,872 $ 66,271 70,300 6,123,443
5,039,834 99,399 107,428 5,246,661
152,857
4
480,370
6,651,355
152,857
4
105,000
6,023,063
7,284,586
6,280,924
$ 13,408,029
$ 11,527,585
LIABILITIES Current
Accounts payable and accrued liabilities (Note 7, 9 and 11)
Flow-through premium liability (Note 8)
EQUITY
Share capital (Note 6) Reserves (Note 6) Deficit
$
88,894
$ 172,680
659,742 328,075
748,636
500,755
37,761,843 35,839,156
4,818,936 2,947,824
(29,921,386) 12,659,393
(27,760,150)
1,026,830
$
13,408,029
Nature of Operations and Going Concern (Note 1)
Events after reporting period (Note 14)
Approved on behalf of the Board:
"Belinda Labatte"
Belinda Labatte - Chief Executive Officer
"Vincent Osbourne"
$
11,527,585
Vincent Osbourne- Chief Financial Officer & Corporate Secretary
The accompanying notes form an integral part of these condensed consolidated interim financial statements
LOMIKO METALS INC.
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF LOSS AND COMPREHENSIVE LOSS
(Unaudited - Expressed in Canadian Dollars)
EXPENSES
Advertising and promotion Management and consulting fees (Note 11)
Office, general and administration Professional fees
Regulatory and filing fees Salaries and benefits Shareholder communications Share based payments (Note 6) Travel
Loss from operations Other income/(loss)
Interest income Amortization of flow-through premium liability (Note 8) Part XII.6 interest
Write down of exploration and evaluation assets
Loss before income tax Income tax recovery
Net loss and comprehensive loss for the period
Basic and Diluted Loss Per Share
Basic and Diluted Weighted Average Common Shares
Three Months Ended | Six Months Ended |
January 31 | January 31 |
2022 2021 | 2022 2021 |
$
127,397 $ 378,826
35,334
120,865
51,110
62,623
41,272 21,104
(838,531)
- 117,509 -
- 117,509
(721,022)
-
$ (721,022)
$
28,017 $ 46,600 7,273 10,938 48,544
-21,318 214,522 1,787
277,160 $ 111,131
831,337 91,600
56,654 19,592
196,639 14,938
60,608 56,095
62,623
-41,999 23,665
730,437 467,022
33,134 3,306
(378,999)
(2,290,591)
(787,349)
-
-
(3,830)
1 129,354 -
-
- (3,830)
(972) (4,802)
- 129,355
(972)
(4,802)
(383,801)
-(2,161,236)
-
(792,151)
80
$
(383,801)
$
(2,161,236) $
(792,071)
(0.00)
248,951,697
$
139,489,658
(0.00)
(0.01) $ 243,513,578
(0.01)
127,142,158
The accompanying notes form an integral part of these unaudited condensed consolidated interim consolidated financial statements
LOMIKO METALS INC.
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS (Unaudited - Expressed in Canadian Dollars)
Cash flows (used in) operating activities
Net (loss) from continuing operations Adjustments
Share based compensation Amortization of share-based payments
Changes in non-cash working capital items:
Other receivables
Share subscriptions receivable Prepaid expenses
Accounts payable
Cash flows from financing activities
Flow through shares
Issuance of shares for cash Options exercised Warrants exercised
Share subscriptions received Share issue costs
Cash flows used in investing activities
Exploration and evaluation expenditures Exploration and evaluation advance
Increase in cash
Cash and cash equivalents, beginning of period
Cash and cash equivalents, end of period
THREE MONTHS ENDED | SIX MONTHS ENDED |
January 31 | January 31 |
2022 2021 | 2022 2021 |
$
(721,022)
- (117,509)
$(383,801)
- 214,521
$
(2,161,236)
730,437 (129,354)
$ (792,071)
- 467,022
(838,531) (169,280)
33,397 -(117)
8,167 182,500 8,099
1,725 (446,244)
(1,560,153)
33,128 - 37,127 (83,786)
(325,049)
7,178 (50,000)
5,210 (160,816)
(803,526)
(416,758)
(1,573,684)
(523,477)
2,120,700
1,516,000 -
64,400 -
(184,216)
985,000
200,000
67,500
88,700
761,125
(55,400)
2,120,700 985,000
1,516,000 697,500
7,500 67,500
64,400 88,700
- 761,125
3,516,884
2,046,925
(184,216) 3,524,384
(100,506) 2,499,319
(195,999) (149,743)
(367,480) (1,015,340)
(628,292) (149,743)
(375,370) (1,015,340)
(563,479)
(1,165,083)
(1,003,662) (1,165,083)
2,149,879 3,836,993
465,084 364,637
947,038 810,759
5,039,834 18,962
$
5,986,872
$ 829,721
$
5,986,872
$ 829,721
The accompanying notes form an integral part of these condensed consolidated interim financial statements
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Lomiko Metals Inc. published this content on 04 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 April 2022 13:46:09 UTC.