Century Lithium Corp 2025年度报告

CONSOLIDATED FINANCIAL STATEMENTS(Expressed in Canadian Dollars) FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024 Independent auditor’s report To the Shareholders of Century Lithium Corp. Our opinion In our opinion, the accompanying consolidated financial statements present fairly, in all material respects,the financial position of Century Lithium Corp. and its subsidiaries (together, the Company) as atDecember 31, 2025 and 2024, and its financial performance and its cash flows for the years then ended inaccordance with International Financial Reporting Standards as issued by the International AccountingStandards Board (IFRS Accounting Standards). What we have audited The Company’s consolidated financial statements comprise: •the consolidated statements of financial position as at December 31, 2025 and 2024;•the consolidated statements of loss and comprehensive loss for the years then ended;•the consolidated statements of cash flows for the years then ended;•the consolidated statements of changes in equity for the years then ended; and•the notes to the consolidated financial statements, comprising material accounting policy information andother explanatory information. Basis for opinion We conducted our audit in accordance with Canadian generally accepted auditing standards. Ourresponsibilities under those standards are further described in theAuditor’s responsibilities for the audit oftheconsolidatedfinancialstatementssection of our report. PricewaterhouseCoopers LLPPwC Place, 250 Howe Street, Suite 1400Vancouver, British Columbia, Canada V6C 3S7T.: +1 604 806 7000, F.: +1 604 806 7806Fax to mail: ca_vancouver_main_fax@pwc.com We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for ouropinion. Independence We are independent of the Company in accordance with the ethical requirements that are relevant to ouraudit of the consolidated financial statements in Canada. We have fulfilled our other ethical responsibilitiesin accordance with these requirements. Key audit matters Key audit matters are those matters that, in our professional judgment, were of most significance in ouraudit of the consolidated financial statements for the year ended December 31, 2025. These matters wereaddressed in the context of our audit of the consolidated financial statements as a whole, and in forming ouropinion thereon, and we do not provide a separate opinion on these matters. Key audit matter How our audit addressed the key audit matter Assessment of impairment indicators of explorationand evaluation assets Our approach to addressing the matter included the followingprocedures, among others: Assessed the judgments made by management indetermining whether there were impairment indicators,which included the following: Refer to note 2 – Basis of preparation,note 3 – Material accounting policies and note 7 – Explorationand evaluation assets to the consolidated financial statements. The carrying value of exploration and evaluation assetsamounted to $48 million as at December 31, 2025. At the endof each reporting period, management applies judgment inassessing whether there are any indicators of impairmentrelating to exploration and evaluation assets. If there areindicators of impairment, the recoverable amount of the relatedasset is estimated in order to determine the extent of anyimpairment. Indicators of impairment may include (i) the periodduring which the Company has the right to explore in thespecific area has expired during the year or will expire in thenear future and is not expected to be renewed; (ii) substantiveexpenditure on further exploration for and evaluation of mineralreserves and resources in the specific area is neither budgetednor planned; (iii) exploration for and evaluation of mineralreserves and resources in the specific area have not led to the Key audit matter discovery of commercially viable quantities of mineral reservesand resources and the entity has decided to discontinue suchactivities in the specific area; and (iv) sufficient data exists toindicate that the carrying value of the exploration andevaluation asset is unlikely to be recovered in full fromsuccessful development or by sale. No impairment indicatorswere identified by management as at December 31, 2025. We considered this a key audit matter due to (i) thesignificance of the exploration and evaluation assets balanceand (ii) the judgments made by management in its assessmentof indicators of impairment related to exploration andevaluation assets, which have resulted in a high degree ofsubjectivity in performing audit procedures. Other information Management is responsible for the other information. The other information comprises the ManagementDiscussion and Analysis. Our opinion on the consolidated financial statements does not cover the other information and we do notexpress any form of assurance conclusion thereon. In connection with our audit of the consolidated fina