Pacific Booker Minerals Files 2024 Annual Report

TL;DR

Pacific Booker Minerals filed its 20-F for FY24, check it for mining ops and financials.

AI Summary

Pacific Booker Minerals Inc. filed its annual 20-F report for the fiscal year ending January 31, 2024. The company, based in Vancouver, Canada, operates in the metal mining sector. The filing details its financial position and business operations for the period.

Why It Matters

This filing provides investors and stakeholders with a comprehensive overview of Pacific Booker Minerals' financial health and operational status for the past fiscal year, crucial for investment decisions.

Risk Assessment

Risk Level: low — The filing is a standard annual report (20-F) and does not contain immediate red flags or significant new disclosures that would indicate high risk.

Key Numbers

• 0131 — Fiscal Year End (Indicates the end of the reporting period for financial statements.)
• 001-33649 — SEC File Number (Unique identifier for the company's filings with the SEC.)

Key Players & Entities

• Pacific Booker Minerals Inc. (company) — Filer of the 20-F report
• 0001376474-24-000258 (dollar_amount) — Accession number for the filing
• 20240131 (dollar_amount) — Fiscal year end date
• Vancouver (company) — City of business address

FAQ

Key Financial Figures

• $1.37 — 1.39 1.36 1.36 The Exchange Rate was $1.37 on April 30, 2024. Forward Looking Sta

Filing Documents

• pbmlf-20240131.htm (20-F) — 1175KB
• pb_ex10.htm (EX-10) — 47KB
• pb_ex12z1.htm (EX-12.1) — 7KB
• pb_ex12z2.htm (EX-12.2) — 7KB
• pb_ex12z3.htm (EX-12.3) — 3KB
• pb_ex12z4.htm (EX-12.4) — 3KB
• pb20f_1.jpg (GRAPHIC) — 170KB
• pb20f_2.jpg (GRAPHIC) — 21KB
• pb20f_3.jpg (GRAPHIC) — 6KB
• 0001376474-24-000258.txt ( ) — 5165KB
• pbmlf-20240131_cal.xml (EX-101.CAL) — 29KB
• pbmlf-20240131_def.xml (EX-101.DEF) — 108KB
• pbmlf-20240131_lab.xml (EX-101.LAB) — 228KB
• pbmlf-20240131_pre.xml (EX-101.PRE) — 196KB
• pbmlf-20240131.xsd (EX-101.SCH) — 66KB
• pbmlf-20240131_htm.xml (XML) — 737KB

Item 18 x

Item 17 Item 18 x If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No x N/A 2 Pacific Booker Minerals Inc. Form 20-F Annual Report Table of Contents PART I Page Item 1. Identity of Directors, Senior Management and Advisors 8 Item 2. Offer Statistics and Expected Timetable 8 Item 3. Key Information 8 Item 4. Information on the Company 14 Item 5. Operating and Financial Review and Prospects 49 Item 6. Directors, Senior Management and Employees 54 Item 7. Major Shareholders and Related Party Transactions 60 Item 8. Financial Information 60 Item 9. The Offer and Listing 61 Item 10. Additional Information 64 Item 11.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 76 Item 12. Description of Other Securities Other Than Equity Securities 76 PART II Item 13. Defaults, Dividend Arrearages and Delinquencies 76 Item 14. Material Modifications to the Rights of Security Holders and Use of Proceeds 76 Item 15.

Controls and Procedures

Controls and Procedures 76 Item 16. Reserved 78 Item 16A. Audit Committee Financial Expert 78 Item 16B. Code of Ethics 78 Item 16C. Principal Accountant Fees and Services 78 Item 16D. Exemptions from Listing Standards for Audit Committees 78 Item 16E. Purchase of Equity Securities by the Issuer and Affiliated Purchasers 78 Item 16F. Change in Registrant's Certifying Accountant 79 Item 16G. Corporate Governance 79 Item 16H. Mine Safety Disclosure 79 Item 16I. Insider Trading Policies 79 Item 16K. Cybersecurity 79 PART III Item 17.

Financial Statements

Financial Statements 80 Item 18.

Financial Statements

Financial Statements 80 Item 19. Exhibits 80 3 METRIC EQUIVALENTS For ease of reference, the following factors for converting metric measurements into imperial equivalents are provided: To Convert from Metric To Imperial Multiply by Hectares Acres 2.471 Meters Feet (ft.) 3.281 Kilometers (km) Miles 0.621 Tonnes Tons (2000 pounds) 1.102 Grams/tonne Ounces (troy/ton) 0.029 Glossary of Terms Alteration – any change in the mineral composition of a rock brought about by physical or chemical means. Andesite - A dark-colored, fine-grained extrusive rock that, when porphyritic, contains phenocrysts composed primarily of zoned sodic plagioclase and one or more of the mafic minerals. Argillite - A compact rock, derived either from mudstone or shale. Assaying - laboratory examination that determines the content or proportion of a specific metal (ie: silver) contained within a sample. Technique usually involves firing/smelting. Biotite - a common rock-forming mineral in crystalline rocks, either as an original crystal in igneous rocks or as a metamorphic product in gneisses and schists. Bornite – A copper ore found in hypogene and contact metamorphic deposits and mafic rocks. Breccia - A rock in which angular fragments are surrounded by a mass of fine-grained minerals. Bulk Sample – A collection of representative mineralized material whose location, geologic character and metal assay content can be determined and then used for metallurgical or geotechnical testing purposes. Chalcopyrite - A sulphide mineral of copper and iron. Clastic - Fragments of minerals and rocks that have been moved individually from their places of origin. Copper Oxide & Copper Sulphide - There are two major divisions of copper classes found in copper porphyry deposits - oxides and sulphides. Copper oxide, often referred to as "supergene", are the more highly concentrated material generally found at the top of a deposit. Copper sulphide, often referred to as

Identity of Directors, Senior Management and Advisors

Item 1. Identity of Directors, Senior Management and Advisors Table No. 1 Company Directors and Officers Name Position President, CEO and Director #1203 – 1166 Alberni Street Vancouver, B.C. V6E 3Z3 Ruth Swan Chief Financial Officer #1203 – 1166 Alberni Street, Vancouver, B.C. V6E 3Z3 Gregory R. Anderson Director 1304 S 105th Pl, Apt 1038, Mesa, AZ 85209-3822 Victor Eng Director 6710 Blackcomb Way Vernon, BC V1B OA3 Dennis Simmons Director 18266 Jurel Way Lakeville, MN 55044 William F. Webster Director 1729 East Tower, 400 Walmer Road, Toronto, ON M5P 2X7 The Company's auditor for fiscal 2024 and 2023 was DeVisser Gray LLP, Chartered Professional Accountants, Suite 401 - 905 West Pender, Vancouver, British Columbia, Canada, V6C 1L6. The Company's auditor for the fiscal year of 2022 was MNP LLP, Chartered Professional Accountants, Suite 2200 - 1021 West Hastings Street, Vancouver, British Columbia, Canada, V6E 0C3. The Company's legal advisor is Dentons Canada LLP, 250 Howe Street, 20th Floor, Vancouver, British Columbia, V6C 3R8.

Offer Statistics and Expected Timetable

Item 2. Offer Statistics and Expected Timetable Not Applicable

Key Information

Item 3. Key Information As used within this Annual Report, the terms "Pacific Booker", "the Company", "Issuer" and "Registrant" refer collectively to Pacific Booker Minerals Inc, its predecessors, subsidiaries and affiliates. In this Annual Report, unless otherwise specified, all dollar amounts are expressed in Canadian Dollars (CDN$). The Government of Canada permits a floating exchange rate to determine the value of the Canadian Dollar against the U.S. Dollar (US$). Table No. 2 sets forth the rate of exchange for the Canadian Dollar at the end of the five most recent years ended December 31 st and the most recent twelve quarters, including the average rates for the period, and the range of 8 high and low rates for the period. Table No. 2 also sets forth the rate of exchange for the Canadian Dollar for the six most recent months, and the range of high and low rates for these periods. For purposes of this table, the rate of exchange means the noon buying rate in New York City for cable transfers in foreign currencies as certified for customs purposes by the Federal Reserve Bank of New York. The table sets forth the number of U.S. dollars required under that formula to buy one Canadian Dollar. The average rate means the average of the exchange rates on the last day of each month during the period. Table No. 2 Canadian Dollar/U.S. Dollar Exchange Rate Period Average High Low Close Year Ended 12/31/23 $ 1.35 $ 1.39 $ 1.31 $ 1.32 Year Ended 12/31/22 1.30 1.39 1.25 1.35 Year Ended 12/31/21 1.26 1.29 1.20 1.28 Year Ended 12/31/20 1.34 1.45 1.27 1.28 Year Ended 12/31/19 1.32 1.36 1.30 1.30 Three Months Ended 12/31/23 $ 1.36 $ 1.39 $ 1.32 $ 1.32 Three Months Ended 9/30/23 1.34 1.37 1.33 1.35 Three Months Ended 6/30/23 1.35 1.36 1.31 1.32 Three Months Ended 3/31/23 1.35 1.38 1.33 1.35 Three Months Ended 12/31/22 $ 1.35 $ 1.39 $ 1.33 $ 1.35 Three Months Ended 9/30/22 1.32 1.38 1.27 1.38 Three Months Ended

Forward Looking Statements

Forward Looking Statements Certain Statements presented herein are forward-looking statements which may include conclusions of prefeasibility and feasibility studies, estimates of future production, capital and operating costs, prices of silver and gold and other known and unknown risks. These and other factors and uncertainties may cause material differences from future results as expressed or implied by these forward-looking statements. These risks, uncertainties and other factors include but are not limited to the risks involved in the exploration, development and mining business. 9 Not Applicable

Risk Factors

Risk Factors An investment in the Common Shares of the Company must be considered speculative due to the nature of the Company's business and the present stage of exploration and development of its non producing mineral properties. In particular, the following risk factors apply: The Company Has Been Unsuccessful in its Efforts to Receive an Environmental Assessment Certificate on its Flagship Morrison Project which is Required to Proceed to the Construction and Operation of a Mine In 2009, the Company completed its initial Environmental Assessment on the Morrison Project and submitted it to the British Columbia Environmental Assessment Office ("BCEAO") for approval and issuance of the certificate. This certificate is required in order to apply for the various licenses and permits required to construct, operate, decommission, and reclaim a mine in British Columbia. That application for the project, as first proposed, was finally rejected in 2022 by the Province, with the statement that the Company could redesign the project and resubmit their application. The BCEAO has since advised the Company that the support of the Lake Babine Nation ("LBN") is needed for their approval of the project. Since that time, the Company has been unsuccessful in getting the LBN to agree to meet with the Company's representatives to discuss potential ideas that PBM has proposed to redesign the project. In 2012, the BCEAO concluded that the proposed project can be constructed, operated, maintained, and decommissioned without significant adverse biological, physical, or human health effects, including consideration of cumulative effects and that any residual effects are predicted to be of low magnitude, moderate duration, localized in geographic extent, and reversible over the long term following decommissioning. The LBN have disputed the conclusions of the environmental studies completed for the Environmental Assessment Certificate. The LBN refusal to meet has effectively given the L

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