What changed in this filing

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Item 1. Financial Statements

2026-07-10 compared with 2026-04-14 · 58 added, 47 removed, 276 unchanged (28% of the section changed)

Financial Statements.

Our unaudited condensed financial statements for the six-month period ended February 28, 2026 form part of this quarterly report.

Our unaudited condensed financial statements for the nine-month period ended May 31, 2026 form part of this quarterly report.

They are stated in United States Dollars (US$) and are prepared in accordance with United States generally accepted accounting principles.

14 unchanged sentences

Issued and outstanding:

10,339,394 common shares at February 28, 2026 and August 31, 2025

10,339,394 common shares at May 31, 2026 and August 31, 2025

Additional paid-in capital (Note 8)

19 unchanged sentences

Common stock issued for cash

Non controlling interest

Comprehensive loss

10 unchanged sentences

Balance, February 28, 2026

Comprehensive loss

Balance, May 31, 2026

The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.

3 unchanged sentences

THREE MONTHS ENDED

SIX MONTHS ENDED

NINE MONTHS ENDED

Accounting and audit

9 unchanged sentences

Other income (expense)

Foreign exchange gain (loss)

Realized gain (loss) on marketable securities

Realized foreign exchange gain (loss) on marketable securities

Unrealized gain (loss) on marketable securities

Foreign exchange loss

Realized loss on marketable securities

Realized foreign exchange loss on marketable securities

Unrealized gain on marketable securities

Gain from mineral property sale

9 unchanged sentences

(Expressed in U.S.

SIX MONTHS ENDED

NINE MONTHS ENDED

Cash flows used in operating activities

Net Income (Loss)

Changes to reconcile net loss to net cash used in operating activities

Changes to reconcile net income (loss) to net cash used in operating activities

Stock based compensation

Income from mineral property sale

Unrealized (gain) loss on marketable securities

Unrealized gain on marketable securities

Loss on disposal of marketable securities

7 unchanged sentences

Net cash used in operating activities

Cash flows used in investing activities

Cash flows from investing activities

Proceeds from sale of marketable securities

Proceeds from sale of mineral property

Net cash used in investing activities

Net cash from investing activities

Cash flows from financing activities

Net proceeds from common shares issued for cash

Net cash from financing Activities

Increase (decrease) in cash and cash equivalents

7 unchanged sentences

NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (UNAUDITED)

February 28, 2026

(Expressed in U.S.

The unaudited condensed consolidated interim financial statements for the period ended February 28, 2026 included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission.

The unaudited condensed consolidated interim financial statements for the period ended May 31, 2026 included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission.

Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with United States generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations.

1 unchanged sentence

The Company was formed on November 24, 2004 under the laws of the State of Nevada and commenced operations on November 24, 2004.

The Company is engaged in the business of Lithium exploration at their Nevada claims, along with holding intellectual property & patents in the green technology space.

The Company is focused on building shareholder value through a combination of our intellectual property, pending patents in the green technology space, and potential strategic acquisitions.

The Company office is located in Kelowna, B.C., Canada.

1 unchanged sentence

The accompanying unaudited condensed consolidated interim financial statements have been prepared on a going concern basis which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business.

The Company incurred net cash outflows from operating activities of $ 205,916 for the six-months ended February 28, 2026 ($ 218,599 for the six-months ended February 28, 2025) and as at February 28, 2026 has incurred cumulative losses of $ 15,717,491 that raises substantial doubt about its ability to continue as a going concern.

The Company incurred net cash outflows from operating activities of $ 265,184 for the nine-months ended May 31, 2026 ($ 282,534 for the nine-months ended May 31, 2025) and as at May 31, 2025 has incurred cumulative losses of $ 15,782,229 that raises substantial doubt about its ability to continue as a going concern.

Management has been able, thus far, to finance the operations through equity financing and cash on hand.

20 unchanged sentences

Cash and cash equivalents include cash in bank accounts and money market funds with maturities of less than three months from inception, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value.

As of February 28, 2026 and August 31, 2025, the Company had cash only.

As of May 31, 2026 and August 31, 2025, the Company had cash only.

Accounting Estimates

31 unchanged sentences

THREE MONTHS ENDED

SIX MONTHS ENDED

NINE MONTHS ENDED

Weighted average common shares outstanding

30 unchanged sentences

The sale price included $ 5,596 as a recovery of BLM bond premiums included in exploration expenses, $ 11,000 for the remaining BLM claims paid included in prepaids and $ 478,500 gain on sale of the property.

During the six-months ended February 28, 2026, the Company expensed $ 13,336 relating to storage and advisor expenses.

During the six-month period ended February 28, 2025, the Company expensed $ 13,963 in expenses relating to advisor, travel and storage expenses.

During the nine-months ended May 31, 2026, the Company expensed $ 13,779 relating to storage, assays and advisor expenses.

During the nine-month period ended May 31, 2025, the Company expensed $ 23,124 in expenses relating to advisor, travel and storage expenses.

Sample Assays

Travel, Storage & Misc

2 unchanged sentences

Clean Technologies

On December 6, 2021, The Company entered into a Definitive Purchase and Sale Agreement to acquire 100 % ownership and rights to the hydrogen technology ("Hydrogen Technology").

On December 6, 2021, The Company entered into a Definitive Purchase and Sale Agreement to acquire a 100 % ownership and rights to the hydrogen technology ("Hydrogen Technology").

By acquiring this Hydrogen Technology, the Company is currently researching the opportunity to create process gas that can be used in commercial, industrial and mining applications by splitting the hydrogen from water via electrolysis.

6 unchanged sentences

The Company created a Joint Venture ("JV") with 51 %, now 76 %, controlling interest in CapNTrack to run the commercial and industrial operations related to the EMS.

As of November 30, 2025, one of the co inventors passed away.

As of May 31, 2026, one of the co inventors passed away.

At this time the 2.5 million shares pre share consolidation, 125,000 post consolidation shares are being reviewed by all parties with respect to the necessary probate and other paperwork to be released or cancelled.

As at the period ended date of November 30, 2025, there have been no operations in the JV and only office costs have been incurred.

The EMS is still in the research and development phase and it has not obtained commercial or operational feasibility as at the period end date of February 28, 2026.

As at the period ended date of May 31, 2026, there have been no operations in the JV and only office costs have been incurred.

The EMS is still in the research and development phase and it has not obtained commercial or operational feasibility as at the period end date of May 31, 2026.

On November 19, 2024 the USPTO notified the Company that patent number 12149091 was issued for EMS (Energy Management System).

During the six-months ended February 28, 2026 and 2025 the Company incurred the following research and development expenses:

During the nine-months ended May 31, 2026 and 2025 the Company incurred the following research and development expenses:

Clean Technologies

1 unchanged sentence

RELATED PARTY TRANSACTIONS

For the six-month periods ended February 28, 2025 and 2025, the Company was party to the following related party transactions:

As at February 28, 2026, the Company had a balance owing of $ 0 owing to the President (August 31 2025, $ 27,861 )

The Company incurred $ 15,000 (February 28, 2025:

For the nine-month periods ended May 31, 2026 and 2025, the Company was party to the following related party transactions:

• As at May 31, 2026, the Company had a balance owing of $ 0 owing to the President (August 31, 2025 $ 27,861 ).

• The Company incurred $ 22,500 (May 31, 2025:

$ 22,500 ) to the CFO of the Company in consulting fees.

The Company incurred $ 0 (February 28, 2025:

• The Company incurred $ 368 (May 31, 2025:

$ 184 ) to a director of the Company in geological consulting services.

The Company incurred $ 0 (February 28, 2025:

• The Company incurred $ 0 (May 31, 2025:

$ 4,384 ) in total to two directors of the Company for director fees.

1 unchanged sentence

The Company is authorized to issue up to 500 million shares.

During the six -month periods ended February 28, 2026 and 2025 the Company did not issue any shares.

As at February 28, 2026 the Company had 10,339,394 (August 31, 2025 - 10,339,394 ) shares issued and outstanding.

As at February 28, 2026 the Company had 175,000 (August 31 2025 - 175,000 ) shares held in escrow, that are included in the total shares issued and outstanding.

During the nine-month period ending May 31, 2026 the Company did not issue any shares.

During the nine-month period May 31 2025 the Company issued 1,089 post consolidation round up shares for the fractional shares with respect to the Companies 1 for 20 share consolidation with the effective date of January 10, 2025 .

During the nine months ended May 31, 2025, the Company issued 1,040,000 units for CAD$ 0.10 per unit, that included one common share and one whole warrant, exercisable at $ 0.10 per warrant for two years expiring May 8, 2027 for gross proceeds of CAD$ 104,000 .

A cash finder's fee of CAD$ 2,400 and 74,000 full broker warrants valued at $ 6,915 (Note 8) was paid to third parties.

As at May 31, 2026 the Company had 10,339,394 (August 31, 2025 - 10,339,394 ) shares issued and outstanding.

As at May 31, 2026 the Company had 175,000 (August 31 2025 - 175,000 ) shares held in escrow, that are included in the total shares issued and outstanding.

125,000 of the shares held in Escrow are being reviewed by all parties with respect to the necessary probate and other paperwork to be released or cancelled with respect to the issuance of the Energy Management System Patent, United States Patent Trademark Office (USPTO) #12149091, as per the terms and conditions of the contract.

13 unchanged sentences

Management plans to issue all new option grants under the 2023 Plan and to cancel the 2014 Plan once all currently issued options are either exercised or expire.

During the six-months ended February 28, 2026 the Company issued 100,000 options exercisable at $ 0.135 for a period of three years vesting immediately, valued at $ 7,191 based on inputs to the Black Scholes option pricing model of expected life of three years , volatility of 288 %, dividend rate of 0 % and risk free rate of 3.49 %, to an advisor to the Company and included in exploration expense.

During the six-months ended February 28, 2026 and 2025, the Company recorded $ 7,191 and $ 0 as stock-based compensation expenses.

A summary of the changes in stock options for the six-months ended February 28, 2026 is presented below:

During the nine-months ended May 31, 2026 the Company issued 100,000 options exercisable at $ 0.135 for a period of three years vesting immediately, valued at $ 7,191 based on inputs to the Black Scholes option pricing model of expected life of three years , volatility of 288 %, dividend rate of 0 % and risk free rate of 3.49 %, to an advisor to the Company and included in exploration expense.

During the nine-months ended May 31, 2026 and 2025, the Company recorded $ 7,191 and $ 0 as stock-based compensation expenses.

A summary of the changes in stock options for the nine-months ended May 31, 2026 is presented below:

Exercise Price

3 unchanged sentences

Balance, August 31, 2025 (Outstanding & Exercisable)

Balance, February 28, 2026 (Outstanding & Exercisable)

The Company has the following options outstanding and exercisable as at February 28, 2026:

Balance, May 31, 2026 (Outstanding & Exercisable)

The Company has the following options outstanding and exercisable as at May 31, 2026:

Exercise Price

Number of Options

Remaining Life

Balance outstanding and exercisable

During the periods ended February 28, 2026 and 2025 no warrants were issued.

As of February 28, 2026, the intrinsic value of the warrants was $ 0 .

During the periods ended May 31, 2026 no warrants were issued.

During the period ended May 31, 2025, 1,040,000 whole warrants were issued as part of units issued in the private placement that closed during May 2025, and 74,000 whole broker warrants.

The warrants expire on May 8, 2027, with an exercise price of $ 0.10 during the 24-month period.

The warrants were valued at $ 97,184 and $ 6,915 , respectively, and included in additional paid in capital.

As of May 31, 2026, the intrinsic value of the warrants was $ 17,376 .

Exercise Price

1 unchanged sentence

*Each warrant entitles a holder to purchase one common share.

There were 614,000 warrants outstanding as of February 28, 2026.

There were 614,000 warrants outstanding as of May 31, 2026.

The Company has a consulting agreement with the President of the Company for corporate administration and consulting services for $ 9,500 per month plus goods and services tax ("GST") on a continuing basis.

4 unchanged sentences

The Company has a rental agreement for a corporate office for CAD$ 725 per month plus GST on a month-to-month basis.

Rent expense for the six-months ended February 28, 2026 and 2025 were $ 3,139 and $ 3,666 , respectively.

Rent expense for the nine-months ended May 31, 2026 and 2025 were $ 4,726 and $ 5,470 , respectively.

SEGMENTED INFORMATION

The Company's operations involve the development of natural resources and green technologies.

The Company's operations involve the potential development of natural resources and green technologies.

The Company is centrally managed and its chief operating decision maker, being the CEO, uses the consolidated and other financial information to make operational decisions and to assess the performance of the Company.

The Company has three reportable segments:

Natural Resources, Technology and Corporate, none of which are revenue generating as at the period ended date and for the period ended February 28, 2026.

Natural Resources, Technology and Corporate, none of which are revenue generating as at the period ended date and for the period ended May 31, 2026.

Long term Assets

United States of America

Balance February 28, 2026

Balance May 31, 2026

Natural Resources

Consolidated Total

February 28, 2026

Other income (Note 4)

6 unchanged sentences

August 31, 2025

Other income (Note 4)

Total Assets (Note 4)

11 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements