Ranger Gold Corp. reported a net loss of $27,846 for the fiscal year ending March 31, 2025, a decrease from the previous year's loss of $46,321. The company did not generate any revenue during both fiscal years, reflecting its ongoing status as an exploration stage mining company without substantive operations. Operating expenses for the year totaled $27,846, which included $19,500 in professional fees, compared to $46,321 in total expenses in the prior year, primarily due to a significant reduction in professional fees from $42,125.

The company's financial position has shown some changes compared to the previous fiscal year. As of March 31, 2025, Ranger Gold reported total assets of $3,960, comprised solely of prepaid expenses, and total liabilities of $20,191, which included a note payable to a related party. The accumulated deficit increased to $1,197,136 from $1,169,290 in the prior year. The company’s principal stockholder, Bryan Glass, has indicated his intention to continue funding operations through loans or investments, although there is no formal agreement in place.

Ranger Gold's business strategy remains focused on acquiring, exploring, and developing natural resource properties, particularly in the gold sector. However, the company currently does not hold any mining property rights and has not engaged in any mining operations. The management has expressed the need for significant capital to finance the acquisition of mining properties and to conduct due diligence. The company plans to explore financing options, including equity or debt securities, to support its operations and potential acquisitions.

The company has not reported any significant operational developments, such as customer counts or product launches, as it remains in the exploration stage. The lack of operations and revenue generation continues to pose challenges, with the company relying heavily on its principal stockholder for funding. The competitive landscape in the mining industry is intense, with larger companies possessing more resources, making it difficult for Ranger Gold to secure attractive mining properties or partnerships.

Looking ahead, Ranger Gold Corp. faces substantial uncertainty regarding its ability to continue as a going concern. The management has acknowledged the need to secure additional financing to fund operations and acquire properties. The company’s future success will depend on its ability to raise capital and identify viable mining opportunities, as well as navigate the regulatory landscape associated with mining operations.

About Ranger Gold Corp.

About 10-K Filings

A 10-K form is a comprehensive annual report that public companies in the United States must file with the SEC, providing a detailed overview of the company's financial condition, performance, and business strategies.

Key points about the 10-K:

  • Frequency: Filed annually, typically within 60 to 90 days after the end of the company's fiscal year.
  • Content: It includes:
    • Detailed financial statements audited by an independent accounting firm
    • Management's Discussion and Analysis (MD&A) of financial condition and results
    • Description of the company's business, properties, and legal proceedings
    • Risk factors and market risks
    • Executive compensation and corporate governance information
  • Importance: Considered the most comprehensive and important document a public company files with the SEC.
  • Length: Often exceeds 100 pages due to its extensive and detailed nature.

Our Methodology

AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.

Our method:

  1. Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
  2. AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
  3. Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
  4. Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
  5. Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Read more about AssetRoom

Feedback & Corrections

Spot an error or have a suggestion? Contact us.