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

Reuters
Mar 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.

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