Resouro Strategic Metals Inc. (ASX:RAU) has released its unaudited condensed interim consolidated financial statements for the three and six months ended September 30, 2026, reporting a total comprehensive loss of C$2,447,955 for the six-month period, compared with C$1,724,658 for the same period in the prior year.

Key Points

  • Total comprehensive loss for the six months ended September 30, 2026 was C$2,447,955, with C$2,347,446 attributable to common shareholders
  • Total assets of C$7,101,193 as at September 30, 2026, compared with C$7,099,747 as at March 31, 2026
  • Cash at period end was C$1,057,184, down from C$1,091,663 at March 31, 2026
  • Private placement proceeds of C$2,495,500 (net of share issue costs) were raised during the six-month period
  • Exploration and evaluation assets totalled C$5,830,340 as at September 30, 2026, up from C$5,730,340 at March 31, 2026

Six-Month Financial Results to September 30, 2026

For the six months ended September 30, 2026, Resouro Strategic Metals reported a total loss of C$2,456,840 before other items. Key expense categories included exploration and evaluation expenditures of C$1,080,245, management fees of C$420,820, investor relations and travel costs of C$265,510, professional fees of C$299,013, and a foreign exchange loss of C$308,665. Interest income of C$8,885 partially offset expenses, resulting in a total comprehensive loss of C$2,447,955. The net loss per share on a basic and diluted basis was C$0.02, based on a weighted average of 110,996,116 shares outstanding.

Balance Sheet Position as at September 30, 2026

As at September 30, 2026, the company held total assets of C$7,101,193, comprising current assets of C$1,115,710 and non-current assets of C$5,985,483. Non-current assets included property and equipment of C$155,143 and exploration and evaluation assets of C$5,830,340. Total liabilities stood at C$275,184, consisting of accounts payable and accrued liabilities of C$213,196 and amounts due to related parties of C$61,988. Total shareholders' equity was C$6,826,009, with share capital of C$25,111,652 and an accumulated deficit attributable to shareholders of C$22,074,740.

Financing Activities and Share Capital Movements

During the six months ended September 30, 2026, Resouro raised C$2,495,500 through a private placement, net of share issue costs, and received C$73,500 from the exercise of stock options. Combined financing activities provided C$2,569,000 in cash inflows. Cash used in operating activities for the period was C$2,593,479, while cash used in investing activities was C$10,000, related to exploration and evaluation costs. The financial statements were approved by the Board of Directors on November 6, 2026, and are presented on a going concern basis as disclosed in the filing.