ACRG — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-14

• ACRG is an exploration stage company whose primary business plan is to build and operate a permitted custom processing toll milling facility on its Tonopah property in Nevada. We are also exploring the development of an integrated renewable energy, critical minerals processing, and data center campu…

• Results of Operations – Three Months Ended June 30, 2026 Compared to Three Months Ended June 30, 2025

• General and administrative expenses were $301,162 for the three months ended June 30, 2026, compared to $244,269 for the three months ended June 30, 2025, an increase of $56,893, or 23.3%. The increase was driven principally by higher insurance expense associated with the Company’s directors’ and of…

• Other income was $2,444 for the three months ended June 30, 2026, compared to $2,413 for the three months ended June 30, 2025, and consisted of ground-lease income from a communications-tower tenant. Interest expense was $124,346 for the three months ended June 30, 2026, compared to $114,069 for the…

• Results of Operations – Six Months Ended June 30, 2026 Compared to Six Months Ended June 30, 2025

Text removed vs the prior filing · source: 10-Q · 2026-05-20

• Through the Company’s subsidiaries, a Water Pollution Control Permit (“WPCP”) Application will need to be filed with the Nevada Department of Environmental Protection (“NDEP”) Bureau of Mines and Mining Reclamation (“BMMR”) for the approval of the permits necessary for a small-scale mineral processi…

• The WPCP must be approved prior to commencing the planned construction of our processing plant in Tonopah, Nevada.

• In connection with the WPCP application, NDEP suggested that we take the following actions: (i) retain a Nevada Certified Environmental Manager (“CEM”), (ii) perform Meteoric Profile II water testing on ground water directly below the mill as well as surrounding wells located off site, and (iii) det…

• Advanced Surveying & Professional Services, a Professional Land Surveyor (“PLS”), completed surveys and testing of the Tonopah property required for the application of our required permits. After completion of the survey, it was determined the property is 1,186 acres. The scope of work the PLS compl…

• We have completed the initial grading of specific designated areas on the 40 undisturbed acres of land including clearing all vegetation, removing of all scrap metal, and the excavation of the building pad for the preparation of the new 21,875 square foot processing plant and have completed the remo…

Text added vs the prior filing · source: 10-Q · 2026-08-14

• As a smaller reporting company, we are not required to provide the information required by this Item. Our market risk exposure relates primarily to fluctuations in interest rates, inflation, and changes in the regulatory environment. As of June 30, 2026, our outstanding debt bore interest at fixed r…

Text removed vs the prior filing · source: 10-Q · 2026-05-20

• Our market risk exposure is primarily the result of fluctuations in interest rates, inflation, and changes in the regulatory environment.

• As of March 31, 2026, we had limited exposure to changes in interest rates, as our outstanding debt is primarily fixed-rate. However, any future borrowings may be subject to variable interest rates, which could increase our interest expense if rates rise.

• We do not believe that inflation has had a material effect on our business, financial condition or results of operations. If our costs become subject to significant inflationary pressures, we may not be able to fully offset such higher costs through price increases. Our inability or failure to do so…

• Changes in the regulatory environment, particularly those affecting the mining and renewable energy sectors, could impact our operations and financial results. We monitor regulatory developments and adjust our business strategies as necessary.

Text added vs the prior filing · source: 10-Q · 2026-08-14

• Our management, with the participation of our Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Securities Exchange Act of 1934) as of June 30, 2026. Based on that evaluation, our Chief E…

• Other than the ongoing remediation activities described in our Annual Report on Form 10-K for the year ended December 31, 2025, there were no changes in our internal control over financial reporting during the quarter ended June 30, 2026 that have materially affected, or are reasonably likely to mat…

Text removed vs the prior filing · source: 10-Q · 2026-05-20

• Our management, with the participation of our Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of our disclosure controls and procedures pursuant to Rule 13a-15(e) under the Exchange Act. In designing and evaluating the disclosure controls and procedures, management r…

• Based on management’s evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures are not designed at a reasonable assurance level and are not effective in providing reasonable assurance that information we are required to disclose in rep…

• Management’s Report on Internal Control over Financial Reporting

• Our management is responsible for establishing and maintaining adequate internal control over financial reporting for our company. Internal control over financial reporting is defined in Rule 13a-15(f) and 15d-15(f) promulgated under the Exchange Act, as a process designed by, or under the supervisi…

• ●pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company;

Text added vs the prior filing · source: 10-Q · 2026-08-14

• We are not aware of any material pending legal proceedings to which the Company or any of its subsidiaries is a party or to which any of their property is subject.

Text removed vs the prior filing · source: 10-Q · 2026-05-20

• We are not aware of any pending legal proceedings to which we are a party, or to which any director, officer or affiliate of our Company, or any owner of record or beneficially of more than 5% of any class of our voting securities, is a party adverse to us or has a material interest adverse to us.