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SONORA METALS CORP. (An Exploration Stage Company) CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2018, and 2017 (Expressed in Canadian Dollars)

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What is an exploration stage company?

An exploration stage company is a business primarily engaged in the exploration of natural resources, including minerals, oil, or gas, and has not yet generated any revenue from its projects.

Who is required to file an exploration stage company?

Companies that are classified as exploration stage companies, typically those involved in resource exploration with no proven revenue, are required to file relevant disclosures with regulatory authorities.

How to fill out an exploration stage company?

Filling out documentation for an exploration stage company involves providing detailed information about the company's exploration activities, management, financial data, and any relevant risks. This typically follows specific regulatory forms and guidelines set by authorities.

What is the purpose of an exploration stage company?

The purpose of an exploration stage company is to identify and develop new natural resource deposits, conduct exploratory drilling, and assess the feasibility of mining or extracting these resources.

What information must be reported on an exploration stage company?

An exploration stage company must report on its financial status, exploration activities, management team, operational plans, and any significant risks associated with its projects.

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