$LINMF
Linear Minerals Corp
CIK:0001066130|SEC Filings
Statements of Loss and Comprehensive Loss - CAD ($) |
12 Months Ended | ||||
|---|---|---|---|---|---|
Mar. 31, 2026 |
Mar. 31, 2025 |
Mar. 31, 2024 |
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| Profit or loss [abstract] | |||||
| Consultants and directors fees | $ 1,000 | $ 18,900 | $ 111,500 | ||
| Exploration and evaluation costs | 961,335 | 1,288,201 | 2,583,405 | ||
| General and administrative | 89,513 | 56,969 | 17,013 | ||
| Investor relations | 39,874 | 331,591 | 1,093,021 | ||
| Professional fees | 174,064 | 119,767 | 132,139 | ||
| Salaries, fees and benefits | 307,929 | 280,050 | 234,800 | ||
| Shareholder communications | 154,500 | 90,204 | 125,844 | ||
| Share-based payments | 90,000 | 131,314 | 1,786,445 | ||
| Loss before other items | (1,818,215) | (2,316,996) | (6,084,167) | ||
| Other income (expenses) | |||||
| Interest income | 460 | 1,819 | 168 | ||
| Other income (expenses) | (11,814) | (56,867) | 30,966 | ||
| Loss on foreign exchange | (512) | (2) | |||
| Loss on marketable securities | (21,679) | (63,513) | (549,946) | ||
| Flow-through recovery | 218,207 | 159,579 | 717,679 | ||
| Write-down of exploration and evaluation assets | (1,050,482) | (1,036,875) | (749,771) | ||
| Total other income (expense) | (865,308) | (996,369) | (550,906) | ||
| Net and comprehensive loss for the year | $ (2,683,523) | $ (3,313,365) | $ (6,635,073) | ||
| Loss per common share, basic (in Dollars per share) | [1] | $ (0.25) | $ (0.35) | $ (0.89) | |
| Loss per common share, diluted (in Dollars per share) | [1] | $ (0.25) | $ (0.35) | $ (0.89) | |
| Weighted average number of shares outstanding – basic (in Shares) | [1] | 10,629,875 | 9,356,533 | 7,437,142 | |
| Weighted average number of shares outstanding – diluted (in Shares) | [1] | 10,629,875 | 9,356,533 | 7,437,142 | |
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Statements of Financial Position - CAD ($) |
Mar. 31, 2026 |
Mar. 31, 2025 |
|---|---|---|
| Current Assets | ||
| Cash | $ 330,676 | $ 951,807 |
| Amounts receivable and prepaid expenses | 142,457 | 155,835 |
| Marketable securities | 123,912 | |
| Total Current Assets | 473,133 | 1,231,554 |
| Non-current Assets | ||
| Reclamation deposits | 11,000 | 11,000 |
| Equipment | 850 | 1,336 |
| Exploration and evaluation assets | 5,143,314 | 5,956,076 |
| Total Non-current Assets | 5,155,164 | 5,968,412 |
| Total Assets | 5,628,297 | 7,199,966 |
| Current Liabilities | ||
| Accounts payable and accrued liabilities | 878,180 | 558,765 |
| Due to related parties | 237,535 | 142,889 |
| Flow-through share premium liability | 15,000 | 218,207 |
| Total Liabilities | 1,130,715 | 919,861 |
| SHAREHOLDERS' EQUITY | ||
| Share capital | 60,683,777 | 59,917,903 |
| Warrants reserve | 2,969,647 | 2,834,521 |
| Share-based payments reserve | 3,020,382 | 3,020,382 |
| Deficit | (62,176,224) | (59,492,701) |
| Total Shareholders’ Equity | 4,497,582 | 6,280,105 |
| Total Liabilities and Shareholders’ Equity | $ 5,628,297 | $ 7,199,966 |