v3.26.1

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Feb. 28, 2026	Aug. 31, 2025
CURRENT ASSETS
Cash and cash equivalents	$ 789,564	$ 590,350
Marketable equity securities	2,980,265
Prepaid expenses and other current assets	112,745	41,460
Total current assets	3,882,574	631,810
Restricted investment	38,766	38,766
Mineral properties, net	490,606	490,606
TOTAL ASSETS	4,411,946	1,161,182
CURRENT LIABILITIES
Accounts payable and accrued liabilities	69,756	50,400
Note payable, related party	75,000	75,000
Total current liabilities	144,756	125,400
SHAREHOLDERS’ EQUITY
Preferred stock, par value $0.001; 10,000,000 shares authorized, no shares issued and outstanding as of February 28, 2026 and August 31, 2025
Common stock, par value $0.01; 100,000,000 shares authorized, 88,216,112 and 78,855,273 shares issued and outstanding as of February 28, 2026 and August 31, 2025, respectively	882,161	788,553
Additional paid-in capital	49,542,434	45,357,513
Accumulated deficit	(46,157,405)	(45,110,284)
Total shareholders’ equity	4,267,190	1,035,782
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 4,411,946	$ 1,161,182

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

Texas Mineral Resources Corp. 10-Q