RNGC — what changed in the latest 10-K

Text added vs the prior filing · source: 10-K · 2026-07-14

• Under rules adopted by the SEC relating to mining disclosure, we are an exploration stage issuer because we do not have any material mining property with mineral reserves disclosed under Item 1300 of Regulation S-K. We do not currently own, lease or otherwise control any mining property, have not di…

• Accordingly, if we acquire or seek to acquire a material mining property, we expect to engage one or more “qualified persons” as defined by Item 1300 of Regulation S-K to assist us in evaluating the property. We will not disclose exploration results, mineral resources or mineral reserves unless such…

Text removed vs the prior filing · source: 10-K · 2025-07-14

• Under rules adopted by the SEC in 2018 with respect to technical disclosure requirements applicable to companies engaged in mining operations, we are deemed to be an exploration stage mining company because we do not own any material property with mineral reserves. Typically, an exploration stage mi…

Text added vs the prior filing · source: 10-K · 2026-07-14

• The Company does not currently have meaningful business operations, does not own or operate any mining properties, has no employees other than its sole officer and director, and maintains only limited information systems used primarily for corporate administration and SEC reporting. As a result, the…

• Cybersecurity risks, to the extent applicable to the Company in light of its current limited operations, are overseen by the Company’s sole officer and director as part of his general oversight of the Company’s business, financial reporting and corporate administration. The Company has not identifie…

• At such time as the Company’s business develops and the nature and scope of its operations warrant, the Company intends to evaluate and adopt cybersecurity policies, procedures and controls appropriate for its business, including policies and procedures relating to the identification, assessment and…

Text added vs the prior filing · source: 10-K · 2026-07-14

• During the fiscal year ended March 31, 2026, we reviewed several potential acquisition targets, including an operating company currently producing gold in Alaska. We have not entered into any binding agreement to acquire any mining property or business, and there can be no assurance that any discuss…

• During the fiscal years ended March 31, 2025 and 2026, the Company did not engage in any substantive business operations and did not generate any revenue. During 2026, we incurred operating expenses of $27,062, including $20,855 in professional fees, and suffered a net loss of $27,062, as compared t…

• To fund our ongoing operational expenses, we rely on financial support from related parties. On January 1, 2024, the Company executed a Drawdown Promissory Note (the “Drawdown Note”) in favor of Bryan Glass Securities, Inc. (“BGS”), a related party. Under the terms of the Drawdown Note, the Company …

• Funding under the instrument is subject to a formal request process. The Company must submit a drawdown request to BGS at least three days prior to the date the funds are required, specifying the requested amount and the intended operational purpose. BGS retains sole discretion to approve or decline…

• During the fiscal year ended March 31, 2026, the Company borrowed $24,142 against the Drawdown Note, compared to $17,447 borrowed during the fiscal year ended March 31, 2025. As of March 31, 2026, the cumulative outstanding principal balance under the note was $41,589, leaving a remaining balance of…

Text removed vs the prior filing · source: 10-K · 2025-07-14

• During the fiscal years ended March 31, 2024 and 2025, the Company did not engage in any substantive business operations, did not generate any revenue. During 2025, we incurred operating expenses of $27,846, including $19,500 in professional fees, and suffered a net loss of $27,846, as compared to 2…