Star Gold Corp. Files 2024 10-K

TL;DR

Star Gold Corp. 2024 10-K filed. Assets $1B, Liabilities $97M. Minimal revenue.

AI Summary

Star Gold Corp. filed its 10-K for the fiscal year ending April 30, 2024. The company reported minimal revenue, with total assets valued at $1,000,000,000 and total liabilities at $97,290,810. The filing details its financial position and operational activities for the period.

Why It Matters

This 10-K filing provides investors and stakeholders with a comprehensive overview of Star Gold Corp.'s financial health and operational performance for the fiscal year 2024.

Risk Assessment

Risk Level: medium — The company's financial statements indicate minimal revenue and a significant asset base relative to liabilities, suggesting potential operational or market challenges.

Key Numbers

• $1,000,000,000 — Total Assets (As of fiscal year end 2024)
• $97,290,810 — Total Liabilities (As of fiscal year end 2024)
• 0.001 — Revenue (Minimal reported revenue for the fiscal year)

Key Players & Entities

• Star Gold Corp. (company) — Filer of the 10-K
• 2024-04-30 (date) — Fiscal year end
• $1,000,000,000 (dollar_amount) — Total assets
• $97,290,810 (dollar_amount) — Total liabilities
• Elan Development Inc (company) — Former company name

FAQ

Key Financial Figures

• $0.001 — ECTION 12(g) OF THE ACT: Common Stock, $0.001 par value Indicate by check mark if t
• $0.01 — 10 shares of registrant's common stock, $0.01 par value, issued and outstanding. Pa
• $12,000 — "NSR") Annual advance royalty payment $12,000 (1) Great Basin Resources, Inc. ("Gre
• $237,711 — 30, 2024, the Company had a net loss of $237,711 in connection with the maintenance and
• $587,500 — o 3,435,000 shares of common stock, and $587,500 of promissory notes convertible to 27,5

Filing Documents

• srgz20240430_10k.htm (10-K) — 1671KB
• ex_691055.htm (EX-31.1) — 13KB
• ex_691056.htm (EX-31.2) — 12KB
• ex_691057.htm (EX-32.1) — 5KB
• ex_691058.htm (EX-32.2) — 5KB
• sg001_v1.jpg (GRAPHIC) — 265KB
• sg002_v1.jpg (GRAPHIC) — 22KB
• sg003_v1.jpg (GRAPHIC) — 30KB
• sg004_v1.jpg (GRAPHIC) — 30KB
• sg005_v1.jpg (GRAPHIC) — 31KB
• sg006_v1.jpg (GRAPHIC) — 10KB
• 0001437749-24-026390.txt ( ) — 6415KB
• srgz-20240430.xsd (EX-101.SCH) — 41KB
• srgz-20240430_cal.xml (EX-101.CAL) — 31KB
• srgz-20240430_def.xml (EX-101.DEF) — 309KB
• srgz-20240430_lab.xml (EX-101.LAB) — 247KB
• srgz-20240430_pre.xml (EX-101.PRE) — 330KB
• srgz20240430_10k_htm.xml (XML) — 620KB

BUSINESS

BUSINESS 4 ITEM 1A. -

RISK FACTORS

RISK FACTORS 6 ITEM 1B. - UNRESOLVED STAFF COMMENTS 10 ITEM 2. -

PROPERTIES

PROPERTIES 10 ITEM 3. -

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 26 ITEM 4. - MINE SAFETY DISCLOSURES 26 PART II 26 ITEM 5. - MARKET FOR COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 26 ITEM 6. -

SELECTED FINANCIAL DATA

SELECTED FINANCIAL DATA 28 ITEM 7. - MANAGEMENT ' S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 29 ITEM 7A. -

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 32 ITEM 8. -

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 33 ITEM 9. - CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 48 ITEM 9A. -

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 48 ITEM 9B. - OTHER INFORMATION 49 PART III 49 ITEM 10. - DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 49 ITEM 11. -

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 51 ITEM 12. -

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 52 ITEM 13. - CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 53 ITEM 14. - PRINCIPAL ACCOUNTANT FEES AND SERVICES 53 PART IV 54 ITEM 15. - EXHIBITS AND FINANCIAL STATEMENT SCHEDULES 54

SIGNATURES

SIGNATURES 56 Page 2 Table of Contents CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K and the exhibits attached hereto contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statement that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always using words or phrases such as "believes", "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates", or "intends", or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: Risks related to the Company's properties being in the exploration stage; Risks related to the mineral operations being subject to government regulation; Risks related to the Company's ability to obtain additional capital to develop the Company's resources, if any; Risks related to mineral exploration and development activities; Risks related to mineral estimates; Risks related to the Company's insurance coverage f

View Full Filing

View this 10-K filing on SEC EDGAR