FAN — First Atlantic Nickel Balance Sheet

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Annual balance sheet for First Atlantic Nickel, fiscal year end - January 31st, CAD millions except per share, conversion factor applied.

	2021 January 31st	2022 January 31st	2023 January 31st	2024 January 31st	2025 January 31st
Period Length:	—	—	—	—	—
Source:	ARS	ARS	ARS	ARS	ARS
Standards:	IFRS	IFRS	IFRS	IFRS	IFRS
Status:	Final	Final	Final	Final	Final
Cash
Cash and Short Term Investments	1.28	0.268	0.813	0.89	0.138
Net Total Accounts Receivable
Net Total Receivables	0.011	0.083	0.134	0.232	0.268
Prepaid Expenses
Total Current Assets	1.29	0.476	0.956	1.13	0.438
Gross Property, Plant And Equipment
Accumulated Depreciation
Net Property, Plant And Equipment	0.711	1.89	0.489	1.75	7.01
Other Long Term Assets
Total Assets	2	2.37	1.45	2.88	7.45
Accounts Payable
Payable / Accrued
Accrued Expenses
Notes Payable / Short Term Debt
Current Portion of Long Term Debt / Capital Leases
Total Other Current Liabilities
Total Current Liabilities	0.559	0.424	0.614	0.505	0.867
Capital Lease Obligations
Total Long Term Debt
Total Debt
Total Liabilities	0.559	0.424	0.626	0.505	0.893
Common Stock
Additional Paid In Capital
Retained Earnings (Accumulated Deficit)
Other Equity
Total Equity	1.44	1.94	0.825	2.38	6.56
Total Liabilities & Shareholders' Equity	2	2.37	1.45	2.88	7.45
Total Common Shares Outstanding