Golden Star Resource Corp. Reports No Revenue and Increased Losses for Fiscal Year Ending June 30, 2025

Golden Star Resource Corp. has reported its financial results for the fiscal year ending June 30, 2025, revealing continued challenges as an exploration stage mining company. The company reported no revenues and a net loss of $69,127, compared to a loss of $47,628 in the previous fiscal year. This increase in losses is attributed to higher operating expenses, which rose to $69,127 from $47,628, primarily due to increased office expenses and transfer and filing fees. The company has not generated any revenue since its inception and continues to rely on financing from related parties to fund its operations.

The company's total liabilities as of June 30, 2025, amounted to $891,112, an increase from $821,854 in the prior year. This includes $452,659 owed to related parties, which has also increased from $405,546 in the previous year. The company has a working capital deficit of $888,168, up from $819,041 in 2024, raising substantial doubt about its ability to continue as a going concern. The financial statements indicate that the company will require additional capital to maintain operations and explore its mineral properties.

Golden Star Resource Corp. holds a 100% interest in four unpatented lode mining claims in Churchill County, Nevada, acquired in 2013. However, the company did not incur any further expenditures on these properties during the fiscal year due to a lack of cash. The company has not conducted any exploration activities on the claims and has no plans to initiate an exploration program until it can secure sufficient funding. The claims are located in a region known for historical mining activity, but the company has not yet identified any commercially viable mineral reserves.

The company has not made any significant strategic developments or organizational changes during the fiscal year. It continues to operate with a minimal workforce, relying on subcontractors for exploration work. Currently, there are no full-time employees, and the company’s sole officer and director, Marilyn Miller, dedicates approximately 10% of her time to the business. The company has not adopted any employee benefit plans and has no plans to change its business activities or combine with another entity.

Looking ahead, Golden Star Resource Corp. acknowledges the need for additional financing to support its operations and exploration efforts. The management has indicated that it may seek to raise funds through private placements or public offerings, although there is no assurance that such financing will be available on acceptable terms. The company remains focused on its goal of identifying mineralized material and transitioning to a development stage, but it faces significant challenges in achieving these objectives without adequate capital.