Star Gold Corp. Files 10-Q Amidst Low Activity
Ticker: SRGZ · Form: 10-Q · Filed: Jan 30, 2025 · CIK: 1401835
| Field | Detail |
|---|---|
| Company | Star Gold Corp. (SRGZ) |
| Form Type | 10-Q |
| Filed Date | Jan 30, 2025 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.001, $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, metal-mining, financials
TL;DR
**Star Gold Corp. 10-Q filed: Minimal financial activity, low share price, NV incorporated.**
AI Summary
Star Gold Corp. filed its 10-Q for the period ending October 31, 2024. The company, incorporated in Nevada and operating in metal mining, reported minimal financial activity with very low share prices and limited outstanding shares. Their fiscal year ends on April 30th.
Why It Matters
This filing provides a snapshot of Star Gold Corp.'s financial status for the second quarter of fiscal year 2025, indicating a company with very limited operational or financial scale at this time.
Risk Assessment
Risk Level: low — The filing indicates very low financial activity and share value, suggesting a company in its very early stages or with minimal operations, which inherently carries risk but is not indicative of immediate financial distress based on this report alone.
Key Numbers
- 0.001 — Share Price (Represents the very low trading value of the company's stock during the reporting period.)
- 10,000,000 — Outstanding Shares (Indicates the total number of shares issued by the company.)
- 20241031 — Reporting Period End Date (The end date for the financial information presented in this 10-Q filing.)
Key Players & Entities
- Star Gold Corp. (company) — Filer of the 10-Q
- 20241031 (date) — End of reporting period
- 20250130 (date) — Filing date
- NV (location) — State of incorporation
- METAL MINING [1000] (industry) — Standard Industrial Classification
- 0.001 (dollar_amount) — Share price during the period
- 10,000,000 (dollar_amount) — Outstanding shares
FAQ
What is the primary business of Star Gold Corp.?
Star Gold Corp. operates in the METAL MINING industry, as indicated by its Standard Industrial Classification code.
When is Star Gold Corp.'s fiscal year end?
Star Gold Corp.'s fiscal year ends on April 30th (0430).
What was the share price reported in the 10-Q?
The reported share price was $0.001.
How many shares are outstanding for Star Gold Corp.?
There are 10,000,000 outstanding shares for Star Gold Corp.
In which state is Star Gold Corp. incorporated?
Star Gold Corp. is incorporated in Nevada (NV).
Filing Stats: 4,801 words · 19 min read · ~16 pages · Grade level 14 · Accepted 2025-01-30 10:40:24
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
- srgz20241031_10q.htm (10-Q) — 936KB
- ex_736247.htm (EX-31.1) — 14KB
- ex_736248.htm (EX-31.2) — 13KB
- ex_736249.htm (EX-32.1) — 6KB
- ex_736250.htm (EX-32.2) — 6KB
- 0001437749-25-002193.txt ( ) — 3996KB
- srgz-20241031.xsd (EX-101.SCH) — 34KB
- srgz-20241031_cal.xml (EX-101.CAL) — 19KB
- srgz-20241031_def.xml (EX-101.DEF) — 219KB
- srgz-20241031_lab.xml (EX-101.LAB) — 189KB
- srgz-20241031_pre.xml (EX-101.PRE) — 236KB
- srgz20241031_10q_htm.xml (XML) — 673KB
- 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 24 Table of Contents
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION ITEM 1.
FINANCIAL STATEMENTS
FINANCIAL STATEMENTS STAR GOLD CORP. CONDENSED INTERIM BALANCE SHEETS (UNAUDITED) October 31, 2024 April 30, 2024 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 6,822 $ 5,168 Other current assets 862 1,806 TOTAL CURRENT ASSETS 7,684 6,974 MINING INTEREST (NOTE 4) 602,167 590,167 RECLAMATION BOND (NOTE 4) 89,400 89,400 TOTAL ASSETS $ 699,251 $ 686,541 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) CURRENT LIABILITIES: Accounts payable and accrued liabilities $ 66,428 $ 39,458 Accrued interest, related parties 92,590 66,952 Current portion, long-term debt (NOTE 5) 150,000 150,000 TOTAL CURRENT LIABILITIES 309,018 256,410 LONG TERM LIABILITIES: PROMISSORY NOTE, RELATED PARTY (NOTE 5) 119,000 50,000 CONVERTIBLE PROMISSORY NOTES, RELATED PARTIES (NOTE 5) 477,500 437,500 TOTAL LIABILITIES 905,518 743,910 COMMITMENTS AND CONTINGENCIES (NOTE 4 and 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 ( 13,006,437 ) ( 12,857,539 ) TOTAL STOCKHOLDERS' EQUITY (DEFICIT) ( 206,267 ) ( 57,369 ) TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 699,251 $ 686,541 The accompanying notes are an integral part of these unaudited condensed financial statements. Page 3 of 24 Table of Contents STAR GOLD CORP. CONDENSED INTERIM STATEMENTS OF OPERATIONS (UNAUDITED) Three months ended October 31, Six months ended October 31, 2024 2023 2024 2023 OPERATING EXPENSE Mineral exploration expense $ - $ - $ 33,389 $ 25,896 Pre-development expense - 1,438 - 10,480 Legal and professional fees 16,632 28,505 51,297 53,917 Management and administrative 18,916 20,096 38,170 40,427 TOTAL OPERATING EXPENSES 35,548 50,039 12