Company: LINMF
Filing Date: 2025-08-01
Form Type: 20-F
Source: 0001176256-25-000065
Chunk: 40

Company: Linear Minerals Corp
Filing Date: 2025-08-01
Form: 20-F
Item: Item 5
Chunk 40
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,640 over $125,844 for the                 
      Comparative Year. Shareholder communication consists primarily of investor programs focused on increasing market and investor awareness  
          of the Company by engaging several groups to assist in growing the Company’s online and digital media presence throughout North      
    America and European markets. Shareholder communications also includes expenses such as transfer agent fees, exchange listing fees, website
                                                        maintenance and news release costs;                                                    
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●                Share-based compensation was $131,314 in the Current Year, while the Comparative Year was $1,786,445 expense.              
    Share-based compensation expense is the fair value of restricted share units and stock options granted and vested to directors, officers
                                                        and consultants during the year;                                                    
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●   Unrealized loss on marketable securities was $63,513 in the Current Year while the Comparative Year was
           $549,946. The loss was due to a decrease in the fair value of the market securities held;       
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●   Recovery of flow-through premium liability was $159,579 in the Current Year (Comparative Year - $717,679)
                          due to the flow through recovery during the current year; and                      
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●                      Write-down of exploration and evaluation assets was $1,036,875 for the Current Year (Comparative Year                   
          - $749,771). These amounts are due to the Company’s write down of the deferred costs on certain properties for which the Company     
    is either negotiating amendment agreements, re-staking claims or has decided not to continue with further exploration work on the property.
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35

Fiscal 2024 compared to Fiscal 2023

The net loss and comprehensive loss for the year ended March 31, 2024 (the “Current Year”) was $6,635,073 a $884,490 increase over the net loss of $$5,750,583 for the year ended March 31, 2023 (the “Comparative Year”). The significant variances for the Current Year and Comparative Year are as follows:

●             Consultants and director fees were $111,500 in the Current Year, a decrease of $56,267 over $167,767 for          
    the Comparative Year. Consulting fees consist primarily of corporate advisory and development fees as well as director fees;
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●                  Exploration and evaluation expenditures were $2,583,405 in the Current Year, an increase of $762,732 over                
    $1,820