SRGZ — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-09-14

• The Company owns 137 claims and leases 5 Claims from Clifford. The Company shall pay a 3% Net Smelter Royalty (“NSR”) within thirty (30) days following the end of the calendar quarter under which the Company receives Net Smelter Returns. To date, the Company has not received Net Smelter Returns. Thi…

• Great Basin Resources, Inc. (“Great Basin”) took assignment from MinQuest, Inc., of the 142 total claims controlled by the Company (Note 4 of the financial statements) of which 137 are owned by the Company and 5 of which are owned by Roy Clifford et al (also Note 4) and leased to and managed by the …

• The Company received BLM Approval (June 17th, 2026) for exploration and also received approval (May 21st, 2026) of its plan of operation from the Forest Service to advance the development program at the Longstreet Gold Project. These approvals allow for the required Hydrology and Water-Resource Asse…

• The increase in expenses relate to the Company moving forward on the permitting of its Longstreet Property which as of July 31, 2025, had been dormant for the last 4 years.

• The Company earned no operating revenue in 2026 or 2025 and does not anticipate earning any operating revenues in the near future. Star Gold Corp. is an exploration stage company.

Text removed vs the prior filing · source: 10-Q · 2026-03-16

• The geologic potential and ore deposit models have been defined and specific drill targets identified on the Longstreet Property. The Company’s property evaluation process involves using basic geologic fieldwork to perform an initial evaluation of a property. If the evaluation is positive, the Compa…

• The Company owns 137 claims and leases 5 Claims from Clifford. The Company shall pay an aggregate 3% Net Smelter Royalty (“NSR”), divided between Great Basin Resources, Inc. (“Great Basin”) and Clifford within thirty (30) days following the end of the calendar quarter under which the Company receive…

• Great Basin took assignment from MinQuest, Inc., of the 142 total claims controlled by the Company (Note 4 of the financial statements) of which 137 are owned by the Company and 5 of which are owned by Clifford and leased to and managed by the Company.

• The drilling permit granted from the Bureau of Land Management (“BLM”) in September 2019 expired in December 2022. The permit allowed the Company to commence drilling mainly for the Hydrology Study but also enabling drilling of other holes on the Main knob for geochemical analysis. A bond has been o…

• Management believes it can source additional capital in the investment markets in the coming months and years. The Company may also consider other sources of funding, including potential mergers, sale of property, joint ventures and/or farm-out a portion of its exploration properties.

Text added vs the prior filing · source: 10-Q · 2026-09-14

• There has been no change in our internal control over financial reporting during the quarter ended July 31, 2026, that have materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting.

Text removed vs the prior filing · source: 10-Q · 2026-03-16

• Conclusions of Management Regarding Effectiveness of Disclosure Controls and Procedures

• Appearing immediately following the Signatures section of this report there are Certifications of the PEO and the PFO. The Certifications are required in accordance with Section 03 of the Sarbanes-Oxley Act of 2002 (the Section 302 Certifications). The Items of this report which you are currently re…

• There have been no changes during the quarter ended January 31, 2026 in the Company’s internal controls over financial reporting that have materially affected, or are reasonably likely to materially affect, internal controls over financial reporting.