Company: LINMF
Filing Date: 2025-08-01
Form Type: 20-F
Source: 0001176256-25-000065
Chunk: 41

Company: Linear Minerals Corp
Filing Date: 2025-08-01
Form: 20-F
Item: Item 5
Chunk 41
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,673 for the Comparative Year. The increase is due primarily to exploration drill programs on its Quebec lithium prospects carried
                                                          out during the Current Year;                                                      
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●    Investor relations were $1,093,021 in the Current Year, an increase of $227,112 over $865,909 for the  
    Comparative Year. Investor relations consist of North American and European Investor Marketing programs;
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●   Professional fees were $132,139 in the Current Year, a decrease of $12,257 over $144,396 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 $125,844 for the Current Year, a decrease of $70,702 over $196,546 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 $1,786,445 in the Current Year, while the Comparative Year was $2,190,000                 
    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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●               Gain on option of exploration and evaluation assets was $Nil in the Current Year (Comparative Year - $832,302).            
    The Comparative Year consisted of option earn-in payments received by the Company pursuant to two joint venture agreements entered into
                                                          during the Comparative Year;                                                     
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●   Unrealized loss on marketable securities was $549,946 in the Current Year while the Comparative Year was
            $66,899. 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 $717,679 in the Current Year (Comparative Year - $185,872)
                          due to the flow through recovery during the current year; and                      
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●                      Write-down of exploration and evaluation assets was $749,771 for the Current Year (Comparative Year -                   
          $1,081,250). These amounts are due to the Company’s write down of