Westmount Minerals Corp Presentation Update - 2025-05-07 - Comprehensive Shift from...

This updated presentation marks a significant transformation in content focus, shifting away from technical exploration and resource estimates towards detailed financial statements, corporate structure, and project agreement disclosures. The change underscores a strategic emphasis on financial position, corporate governance, and project termination details, providing investors with a clearer view of the company's current financial health and strategic direction.

Page-by-Page Changes:

Page 1: The entire page was removed. Previously contained the presentation title "CSE: WMC CORPORATE PRESENTATION October 2024," which no longer appears.

Page 2: Removed. Previously included a forward-looking statement disclaimer, outlining potential risks and uncertainties related to future operations and exploration activities.

Page 3: Removed. Previously featured a detailed overview of the Abitibi Greenstone Belt, including historical gold production, resource estimates (190Moz, 300Moz, 124Moz), and recent M&A activity involving major industry players.

Page 4: Removed. Previously described Westmount’s positioning within Quebec’s prolific Northern Abitibi Gold Belt, including regional geology, exploration focus, and project locations like Douay East.

Page 5: Removed. Previously detailed the geological setting and regional fault zones in Ontario and Quebec, emphasizing the exploration environment and regional structural controls.

Page 6: Removed. Previously covered exploration history at Douay East, including airborne magnetic and electromagnetic surveys, diamond drilling, and associated exploration data.

Page 7: Removed. Previously provided a detailed summary of the high-resolution airborne magnetic survey and soil gas hydrocarbon geochemistry, identifying prospective drill targets.

Page 8: Removed. Previously discussed specific geophysical and geochemical targets related to the Casa Berardi deformation zone, including magnetic features and anomalies.

Page 9: Removed. Previously outlined the regional fault SGH sampling program, describing planned drill targets, assay results, and regional structural interpretations.

Page 10: Removed. Previously listed key personnel (CEO & Directors) with their locations, serving as a corporate leadership overview.

Page 11: Removed. Previously listed additional directors with biographical details, emphasizing experience in mineral exploration and finance.

Page 12: Removed. Previously detailed geological consultants’ experience, including Jamie Lavigne and Mike Kilbourne, highlighting technical expertise.

Page 13: Removed. Previously presented the company's retail capitalization structure as of October 9, 2024, including share count, share price, warrants, options, insider holdings, and market cap.

Page 14: Removed. Previously provided contact information for the company’s management, including email and phone numbers.

Page 15: Removed. Previously contained an appendix placeholder, with no substantive content.

Page 16: Removed. Previously included interpretation maps and geophysical target analyses for drill areas, with technical mapping and geochemical signatures.

Page 17: Removed. Previously featured detailed geophysical and geochemical mapping for Target Areas 2, including SGH anomalies, structural interpretations, and drill recommendations.

Page 18: Removed. Previously discussed the third drill target area, with emphasis on interpreted structural features, PGM signatures, and proximity to mineralization.

Page 19: Added. A new financial overview page titled “Consolidated Financial Statements for the Nine-Month Period Ended December 31, 2024,” providing a snapshot of the company’s financial position, including assets, liabilities, and shareholders' deficiency.

Page 20: Added. The “Consolidated Statement of Financial Position” as at December 31, 2024, showing total assets of $19,596, liabilities of $384,674, and a shareholders’ deficiency of $365,078, clearly reflecting the company’s current financial standing.

Page 21: Added. The “Consolidated Statement of Comprehensive Loss” for the nine months ending December 31, 2024, detailing expenses, net loss of approximately $147,688, and the loss per share, highlighting ongoing operational costs.

Page 22: Added. The “Consolidated Statements of Shareholders’ Equity (Deficiency),” indicating the movement in share capital, contributed surplus, deficits, and share issuance activities, including private placements and escrow shares.

Page 23: Added. The “Consolidated Statement of Cash Flows,” showing a minimal cash position of $33 at December 31, 2024, with detailed cash usage, financing activities, and working capital changes.

Page 24: Added. “Notes to the Financial Statements,” elaborating on the company’s nature of operations, going concern considerations, accounting policies, exploration expenditures, and project agreements’ termination details, emphasizing the company’s strategic repositioning and current financial constraints.

Page 25: Continued the notes with detailed accounting policies, estimates, and judgments, including asset impairment, share-based payments, flow-through shares, and financial instruments, providing clarity on accounting methodologies.

Page 26: Further notes discussing critical judgments, environmental obligations, impairment assessments, and detailed policies on share capital, warrants, stock options, and related party transactions.

Page 27: Additional disclosures on financial instruments, including fair value hierarchy, risk management policies, and exposure to currency, interest rate, credit, liquidity, and commodity price risks, reflecting the company’s focus on financial risk assessment.

Page 28: Concluded with notes on recent amendments to IFRS standards, future standards not yet adopted, and their expected impact, ensuring transparency about accounting compliance