Nevada Canyon Gold Corp. Reports $3.73 Million Net Loss for Fiscal Year 2025

Nevada Canyon Gold Corp. reported a net loss of $3.73 million for the fiscal year ending December 31, 2025, an increase from a net loss of $3.56 million in the previous year. The company's total operating expenses rose slightly to $3.99 million, compared to $3.96 million in 2024. The most significant expense was exploration costs, which surged to $1.62 million, primarily due to activities related to the Lapon Canyon Project under an Earn-in Agreement with Walker River Resources. The company did not generate any revenue during the fiscal year, consistent with its focus on exploration rather than production.

In terms of financial position, Nevada Canyon's current assets decreased to $5.50 million from $7.55 million in 2024, while current liabilities increased to $1.40 million from $1.31 million. The company's working capital stood at $4.10 million as of December 31, 2025. The cash balance at year-end was $5.46 million, down from $7.04 million in the prior year. The decrease in cash was attributed to higher operational costs and investments in exploration activities. The company plans to continue funding its operations through existing cash reserves and potential future equity or debt financing.

Strategically, Nevada Canyon has focused on expanding its mineral property interests, which include the Lazy Claims, Loman, Agai-Pah, and Belshazzar properties in Nevada and Idaho. The company holds various royalties, including a 1% production royalty on the Olinghouse Project and a 2% net smelter return royalty on the Palmetto Project. Notably, the company recognized a $20,000 gain from the sale of its interest in the Swales Property, which was completed in June 2025.

Operationally, Nevada Canyon has made significant progress in its exploration efforts, particularly at the Lapon Canyon Project, where it has incurred substantial exploration expenditures. The company has also entered into an Exploration Stream Earn-in Agreement with Walker River Resources, allowing it to earn a 50% interest in the Lapon Canyon Project by funding $5 million in exploration expenses over three years. The company is optimistic about the potential for future discoveries and increased resource estimates as exploration activities continue.

Looking ahead, Nevada Canyon Gold Corp. remains focused on its exploration strategy while actively seeking additional financing to support its operations. The company acknowledges the inherent risks associated with mineral exploration and the volatility of commodity prices, which could impact its future financial performance. Management is committed to monitoring market conditions and exploring opportunities to enhance shareholder value through strategic acquisitions and partnerships.