Golden Star Resource Corp. Reports Increased Net Loss and Financial Challenges for Nine Months Ending March 31, 2025

Golden Star Resource Corp. has reported its financial results for the nine months ending March 31, 2025, revealing a net loss of $51,523, compared to a loss of $34,850 during the same period in 2024. The company's operating expenses increased to $51,523 from $34,850 year-over-year, primarily driven by higher office expenses, which rose to $24,303 from $7,500. The company has not generated any revenue, reflecting its ongoing status as an exploration-stage corporation focused on acquiring and exploring mineral properties.

The financial position of Golden Star Resource Corp. shows total assets of $7,255 as of March 31, 2025, a significant increase from $2,813 reported on June 30, 2024. This increase is largely attributed to a rise in prepaid fees, which grew to $7,250 from $2,800. However, total liabilities also increased slightly to $877,818 from $821,854, with accounts payable and accrued liabilities rising to $146,227 from $132,249. The company's stockholders' deficiency equity worsened to $(870,563) from $(819,041), indicating ongoing financial challenges.

In terms of operational developments, Golden Star Resource Corp. has maintained a consistent share structure, with 7,070,000 common shares issued since its inception. The company has not issued any new shares during the reporting period. The balance due to related parties increased to $447,532 from $405,546, reflecting ongoing financial support from shareholders for operational expenses. The company continues to rely on these related party loans, which are unsecured and non-interest bearing, to fund its activities.

Looking ahead, Golden Star Resource Corp. faces significant challenges in securing additional financing to support its exploration activities. The company has expressed substantial doubt about its ability to continue as a going concern without raising further capital. Management has indicated that it will seek equity financing to meet its obligations and maintain operations, but there is no assurance that such financing will be available. The company remains focused on its exploration goals, specifically targeting the identification of economically recoverable mineral reserves, but acknowledges that failure to find such reserves could lead to the cessation of operations.