Company: LINMF
Filing Date: 2025-08-01
Form Type: 20-F
Source: 0001176256-25-000065
Chunk: 39

Company: Linear Minerals Corp
Filing Date: 2025-08-01
Form: 20-F
Item: Item 5
Chunk 39
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item 5.   Operating and financial review and prospects
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Management’s discussion and analysis is presented in relation to the consolidated financial statements of Linear Minerals , which statements are prepared as a going concern in accordance with IFRS.

The Company is a mineral exploration company with no producing properties and consequently has no current operating income or cash flow. All of the Company’s short to medium-term operating and exploration cash flow must be derived from external financing.

The consolidated financial statements referred to in this Annual Report have been prepared in accordance with IFRS issued by the International Accounting Standards Board (“IASB”) and Interpretations of the International Financial Reporting Interpretations Committee (“IFRIC”). The policies applied in the consolidated financial statements are based on the IFRS issued and outstanding as at March 31, 2025.

A.   Operating Results
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Fiscal 2025 compared to Fiscal 2024

The net loss and comprehensive loss for the year ended March 31, 2025 (the “Current Year”) was $3,313,365 a $3,321,708 decrease over the net loss of $6,635,073 for the year ended March 31, 2024 (the “Comparative Year”). The significant variances for the Current Year and Comparative Year are as follows:

●             Consultants and director fees were $18,900 in the Current Year, a decrease of $56,267 over $111,500 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 $1,288,201 in the Current Year, a decrease of $1,295,204                 
    over $2,583,405 for the Comparative Year. Exploration expenditures are primarily for exploration and drill programs carried out on its
                                                          Quebec lithium prospects;                                                       
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●        Investor relations expenses were $331,591 in the Current Year, a decrease of $761,430 over $1,093,021      
    for the Comparative Year. Investor relations consist of North American and European Investor Marketing programs;
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●   Professional fees were $119,767 in the Current Year, a decrease of $12,372 over $132,139 for the Comparative
             Year. The decrease was due to reduced legal costs for the Company during the Current Year;         
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●                     Shareholder communications was $90,204 for the Current Year, a decrease of $35