- For the three months ended **June 30, 2025**, Linear Minerals Corp. reported a **net loss of $536,273** and a **loss per common share of $0.01**.  **[1066130_0001176256-25-000073_exhibit99-1.htm:0]** **[1066130_0001176256-25-000073_exhibit99-2.htm:2]**  Cash decreased to **$483,349** by June 30, 2025, from $951,807 at March 31, 2025, and working capital was **$38,042**.  **[1066130_0001176256-25-000073_exhibit99-1.htm:0]** **[1066130_0001176256-25-000073_exhibit99-2.htm:3]**  The company's current assets are **not sufficient** to finance operations for the next twelve months, raising **significant doubt** about its ability to continue as a going concern.  **[1066130_0001176256-25-000073_exhibit99-1.htm:2]** **[1066130_0001176256-25-000073_exhibit99-2.htm:3]** 
- On **August 1, 2025**, the company signed an agreement to spin out its **Pontax West lithium property** to its subsidiary Westlinear Minerals Corp. (Spinco), with shareholders to receive **one Spinco share for every 10 company shares**.  **[1066130_0001176256-25-000073_exhibit99-2.htm:0]** **[1066130_0001176256-25-000073_exhibit99-1.htm:11]** 
- The company incurred **$516,139** in exploration and evaluation expenditures for the three months ended June 30, 2025, primarily for the **Augustus Lithium Property** drill program, which included results from **six drill holes** during FY2025.  **[1066130_0001176256-25-000073_exhibit99-2.htm:0]** **[1066130_0001176256-25-000073_exhibit99-2.htm:2]**

Linear Minerals (LINMF)