Star Gold Corp. Files 10-Q for Period Ending January 31, 2024

TL;DR

<b>Star Gold Corp. has filed its quarterly report (10-Q) for the period ending January 31, 2024.</b>

AI Summary

Star Gold Corp. (SRGZ) filed a Quarterly Report (10-Q) with the SEC on April 8, 2024. Star Gold Corp. filed a 10-Q for the period ending January 31, 2024. The company's fiscal year ends on April 30. The filing was made on April 8, 2024. Star Gold Corp. was formerly known as Elan Development Inc. The company is incorporated in Nevada.

Why It Matters

For investors and stakeholders tracking Star Gold Corp., this filing contains several important signals. This filing provides investors with an update on the company's financial performance and operational status for the third quarter of fiscal year 2024. Understanding the details within this 10-Q is crucial for assessing Star Gold Corp.'s current financial health and future prospects in the metal mining sector.

Risk Assessment

Risk Level: low — Star Gold Corp. shows low risk based on this filing. The filing is a standard quarterly report with no immediate red flags indicating high risk.

Analyst Insight

Review the financial statements and management's discussion and analysis within the 10-Q to understand Star Gold Corp.'s performance and outlook.

Key Numbers

• 2024-01-31 — Reporting Period End Date (Conformed period of report)
• 2024-04-08 — Filing Date (Filed as of date)
• 0430 — Fiscal Year End (Fiscal year end)
• 10-Q — Form Type (Conformed submission type)

Key Players & Entities

• Star Gold Corp. (company) — Filer name
• Elan Development Inc (company) — Former company name
• NV (location) — State of incorporation
• 2024-01-31 (date) — Conformed period of report
• 2024-04-08 (date) — Filed as of date

FAQ

Industry Context

Star Gold Corp. operates in the metal mining industry.

Regulatory Implications

The filing is a standard SEC Form 10-Q, adhering to regulations for quarterly financial reporting.

What Investors Should Do

1. Analyze the financial statements for revenue, expenses, and profitability.
2. Review the Management's Discussion and Analysis (MD&A) section for insights into operational performance and future outlook.
3. Check for any new risk factors or updates to existing ones.

Key Dates

• 2024-01-31: Quarterly Period End — End of the reporting period for the 10-Q filing.
• 2024-04-08: Filing Date — Date the 10-Q was officially filed with the SEC.

Year-Over-Year Comparison

This is the 10-Q filing for the period ending January 31, 2024. Specific comparative data from the previous filing is not detailed in the provided text.

Key Financial Figures

• $0.001 — nge on Which Registered Common Stock, $0.001 par value , SRGZ OTCQB Indicate b
• $0.01 — 10 shares of registrant's common stock, $0.01 par value, issued and outstanding. Pag

Filing Documents

• srgz20240227_10q.htm (10-Q) — 740KB
• ex_631478.htm (EX-31.1) — 14KB
• ex_631479.htm (EX-31.2) — 13KB
• ex_631480.htm (EX-32.1) — 6KB
• ex_631481.htm (EX-32.2) — 6KB
• 0001437749-24-011373.txt (&nbsp;) — 3081KB
• srgz-20240131.xsd (EX-101.SCH) — 28KB
• srgz-20240131_cal.xml (EX-101.CAL) — 19KB
• srgz-20240131_def.xml (EX-101.DEF) — 185KB
• srgz-20240131_lab.xml (EX-101.LAB) — 171KB
• srgz-20240131_pre.xml (EX-101.PRE) — 203KB
• srgz20240227_10q_htm.xml (XML) — 379KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION 3 ITEM 1.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 3 ITEM 2.

MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION

MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION 12 ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 20 ITEM 4.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 21

- OTHER INFORMATION

PART II - OTHER INFORMATION 21 ITEM 1. LEGAL PROCEEDINGS. 21 ITEM 1A.

RISK FACTORS

RISK FACTORS 21 ITEM 2. RECENT SALES OF UNREGISTERED SECURITIES. 21 ITEM 3. DEFAULTS UPON SENIOR SECURITIES 21 ITEM 4. MINE SAFETY DISCOSURES. 21 ITEM 5. OTHER INFORMATION 21 ITEM 6. EXHIBITS 22 Page 2 of 23 Table of Contents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION ITEM 1.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS STAR GOLD CORP. CONDENSED INTERIM BALANCE SHEETS (UNAUDITED) January 31, 2024 April 30, 2023 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 11,119 $ 33,505 Other current assets 711 11,218 TOTAL CURRENT ASSETS 11,830 44,723 MINING INTEREST (NOTE 4) 590,167 578,167 RECLAMATION BOND (NOTE 4) 89,400 89,400 TOTAL ASSETS $ 691,397 $ 712,290 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) CURRENT LIABILITIES: Accounts payable and accrued liabilities $ 36,620 $ 29,240 Accrued interest, related parties 55,515 25,208 Promissory notes, related parties (NOTE 5) 50,000 15,000 TOTAL CURRENT LIABILITIES 142,135 69,448 LONG TERM LIABILITIES: Convertible promissory notes, related parties (NOTE 5) 567,500 462,500 TOTAL LIABILITIES 709,635 531,948 COMMITMENTS AND CONTINGENCIES (NOTE 5) - - STOCKHOLDERS' EQUITY (DEFICIT) Preferred Stock, $ .001 par value; 10,000,000 shares authorized, none issued and outstanding - - Common Stock, $ .001 par value; 1,000,000,000 shares authorized; 97,290,810 shares issued and outstanding 97,291 97,291 Additional paid-in capital 12,702,879 12,702,879 Accumulated deficit ( 12,818,408 ) ( 12,619,828 ) TOTAL STOCKHOLDERS' EQUITY (DEFICIT) ( 18,238 ) 180,342 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 691,397 $ 712,290 The accompanying notes are an integral part of these unaudited condensed financial statements. Page 3 of 23 Table of Contents STAR GOLD CORP. CONDENSED INTERIM STATEMENTS OF OPERATIONS (UNAUDITED) Three months ended January 31, Nine months ended January 31, 2024 2023 2024 2023 OPERATING EXPENSE Mineral exploration expense $ - $ - $ 25,896 $ 25,146 Pre-development expense 2,524 24,280 13,004 93,728 Legal and professional fees 11,657 9,533 65,574 55,193 Management and administrative 22,170 22,444 62,597 63,709 TOTAL OPERATING EXPENSES 36,351 56,257 167,071 237,776 LOSS FROM OPERATIONS ( 36,351 ) ( 56,

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View this 10-Q filing on SEC EDGAR