Nevada Canyon Gold Corp. Reports $1.55 Million Net Loss for Q3 2025

Nevada Canyon Gold Corp. reported a net loss of $1.55 million for the three months ending September 30, 2025, compared to a loss of $828,915 in the same period last year. For the nine months ended September 30, 2025, the company recorded a net loss of $2.79 million, slightly higher than the $2.53 million loss reported for the same period in 2024. The increase in losses is attributed primarily to heightened exploration activities and increased compensation costs for directors and officers, despite a reduction in investor awareness and marketing expenses.

Total operating expenses for the third quarter of 2025 rose to $1.63 million, a 77% increase from $922,695 in the prior year. The most significant contributor to this rise was exploration expenses, which surged to $785,406 from just $22,288 in the previous year, largely due to costs associated with the Earn-in Agreement with Walker River Resources. Director and officer compensation also increased to $548,057, reflecting the issuance of stock options to new directors and the president. In contrast, investor awareness and marketing expenses decreased significantly, falling to $104,775 from $304,958.

The company’s total assets decreased to $9.18 million as of September 30, 2025, down from $10.42 million at the end of 2024. Current assets also fell to $6.32 million, primarily due to a reduction in cash reserves, which stood at $6.12 million compared to $7.04 million at the end of the previous fiscal year. Current liabilities increased to $1.53 million, leading to a working capital of $4.79 million, down from $6.23 million at the end of 2024. The increase in liabilities was mainly due to higher accounts payable and accrued liabilities.

Strategically, Nevada Canyon Gold Corp. has been active in expanding its mineral property interests, including the completion of an exploration program on the Agai-Pah Property and the initiation of an Earn-in Agreement for the Lapon Canyon Project. The company also recognized a $20,000 gain from the sale of its interest in the Swales Property, which was exchanged for cash and a net smelter royalty. As of September 30, 2025, the company held various mineral properties and royalty interests, including a 1% production royalty on the Olinghouse Project and multiple net smelter return royalties on other projects.

Looking ahead, Nevada Canyon Gold Corp. aims to leverage its current cash position and working capital to fund ongoing exploration programs and operational needs for at least the next 12 months. The company plans to continue seeking additional financing through equity or debt offerings to support its long-term growth strategy. However, management acknowledges the inherent uncertainties in projecting future cash flows and the potential need for further capital to sustain operations beyond the next year.