LINE net loss widens to CAD 1.1 million in 9M ended Dec. 31, 2025`

Reuters
03/03
LINE net loss widens to CAD 1.1 million in 9M ended Dec. 31, 2025`

LINE reported a net loss and comprehensive loss of CAD 277,389 for Q3 ended Dec. 31, 2025, and CAD 1.1 million for the 9M period ended Dec. 31, 2025. For 9M, LINE recorded exploration and evaluation costs of CAD 623,510 and professional fees of CAD 120,564, while interest and other income was CAD 8,830 and flow-through recovery was CAD 108,733. Cash was CAD 473,409 at Dec. 31, 2025, with total assets of CAD 6.6 million, accounts payable and accrued liabilities of CAD 515,254, and total liabilities of CAD 750,765. On the corporate side, LINE completed its plan of arrangement to spin out the Pontax West Lithium Property to subsidiary Westlinear Minerals Corp., distributing 6,833,440 Spinco shares to LINE shareholders on Nov. 28, 2025 (one Spinco share per 10 LINE shares). LINE also entered into an option agreement on Dec. 10, 2025 to acquire a 100% interest in the Kipawa West Property in Quebec, and during the 9M period sold 2,125,000 Battery Age Minerals Ltd. shares for proceeds of CAD 102,269, realizing a loss of CAD 21,679. Subsequent to Dec. 31, 2025, LINE closed a non-brokered private placement for gross proceeds of CAD 475,000 and issued shares under the Rose East Lithium and Lac Coulombre property agreements.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Linear Minerals Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001176256-26-000024), on March 03, 2026, and is solely responsible for the information contained therein.

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