$HSLV

Highlander Silver Corp.

CIK:0002013223|SEC Filings

Consolidated Statements of Net Loss and Comprehensive Loss - CAD ($)	12 Months Ended	15 Months Ended
	Sep. 30, 2024	Dec. 31, 2025
Statement of comprehensive income [abstract]
Exploration expenses	$ 1,432,595	$ 9,066,545
General and administrative expenses	1,685,611	8,666,508
Loss from operations	3,118,206	17,733,053
Gain on disposal of equipment	(11,847)	(137,294)
Finance cost	8,237	243,741
Interest and other income	(152,663)	(1,233,553)
Foreign exchange loss		184,422
Write-off of mineral property interests	36,722
Write-off of receivables	86,540	182,052
Net loss	3,085,195	16,972,421
Items that may be reclassified to profit or loss:
Foreign currency translation	368,832	(1,103,007)
Total comprehensive loss	$ 3,454,027	$ 15,869,414
Shareholders of the Company
Net loss per share attributable to Basic	$ 0.05	$ 0.17
Net loss per share attributable to Diluted	$ 0.05	$ 0.17
Weighted average number of shares outstanding Basic	67,071,265	102,010,501
Weighted average number of shares outstanding Diluted	67,071,265	102,010,501

Consolidated Statement of Cash Flows - CAD ($)	12 Months Ended	15 Months Ended
Consolidated Statement of Cash Flows - CAD ($)	Sep. 30, 2024	Dec. 31, 2025
Operations
Net loss for the year	$ (3,085,195)	$ (16,972,421)
Adjustments for:
Bonus expense	46,500
Depreciation	29,608	45,384
Finance cost	8,237	243,741
Foreign exchange	(119,928)	(272,909)
Gain on disposal of equipment		(137,294)
Interest income	(80,052)	(1,184,522)
Reclamation provision		77,287
Restructuring payment	91,094
Share-based compensation	630,626	2,285,246
Write-off of mineral property interests	36,722
Write-off of receivables	86,540	182,052
Net changes in non-cash working capital items:
Receivables	(81,965)	(59,471)
Value-added tax receivable	(6,454)	(448,388)
Prepaid and other	(11,268)	(186,024)
Accounts payable and accrued liabilities	3,078	2,145,243
Reclamation provision settlement		(5,569)
Net cash generated in operating activities	(2,452,457)	(14,287,645)
Financing
Proceeds from bought deal equity financing, net of share issue costs paid	12,188,380	119,858,822
Finance costs paid		(213,367)
Payment of lease liabilities		(1,048)
Proceeds from exercise of options		86,600
Proceeds from exercise of warrants	3,750	860,205
Net cash provided by (used in) financing activities	12,192,130	120,591,212
Investing
Mineral property interest	(36,722)	(27,626)
Milestone payment under acquisition agreement with SSR Mining		(1,701,500)
Interest income received	9,680	1,184,522
Property and equipment	(31,543)	(204,155)
Proceeds from disposal of equipment	7,774	137,294
Acquisition of Reliant Ventures S.A.C.	(7,158,514)
Cash acquired on purchase of Reliant Ventures S.A.C.	109,676
Net cash (used in) provided by investing activities	(7,099,649)	(611,465)
Effect of exchange rate changes on cash and cash equivalents	(368,832)	5,019
Increase in cash and cash equivalents	2,271,192	105,697,121
Cash and cash equivalents, beginning of the year	229,702	2,500,894
Cash and cash equivalents, end of the year	$ 2,500,894	$ 108,198,015

Consolidated Statements of Financial Position - CAD ($)	Dec. 31, 2025	Sep. 30, 2024	Oct. 01, 2023
Current assets
Cash and cash equivalents	$ 108,198,015	$ 2,500,894	$ 229,702
Receivables	90,288	275,000
Prepaids and other	202,928	25,536	14,268
Value-added tax receivable	214,462	15,357	8,904
Total current assets	108,705,693	2,816,787	252,874
Reclamation deposit	59,951	59,052	11,096
Property and equipment	298,658	94,523
Mineral property interests	12,188,048	10,758,885	44,013
Value-added tax receivable	339,013	89,730
Total assets	121,591,363	13,818,977	307,983
Current liabilities
Accounts payable and accrued liabilities	2,459,902	372,481	234,986
Consideration payable	1,713,250	1,687,375
Lease liabilities	12,412
Total current liabilities	4,185,564	2,059,856	234,986
Non-current liabilities
Consideration payable		1,687,375
Reclamation provision	650,439	492,426
Total liabilities	4,836,003	4,239,657	234,986
Equity
Common shares	140,014,858	19,524,567	7,219,766
Reserves	3,402,702	1,724,026	1,385,293
Commitment to issue shares	750,000	46,319	46,319
Foreign currency reserve	670,276	(432,731)	(63,899)
Deficit	(28,082,476)	(11,282,861)	(8,514,482)
Total equity	116,755,360	9,579,320	72,997
Total liabilities and equity	$ 121,591,363	$ 13,818,977	$ 307,983