Star Gold Corp. Reports Increased Operating Expenses and Net Loss for Three and Nine Months Ended January 31, 2026

Star Gold Corp. has reported its financial results for the three and nine months ended January 31, 2026, revealing a significant increase in operating expenses and a continued net loss. The company recorded total operating expenses of $161,370 for the three months, up from $40,654 in the same period last year, and $337,125 for the nine months, compared to $163,511 in the prior year. The net loss for the three months was $180,986, a substantial increase from $54,724 in the previous year, while the nine-month net loss rose to $389,770 from $203,622.

The financial performance reflects a strategic shift as Star Gold Corp. has ramped up its permitting activities for its Longstreet Property, which had been dormant for several years. Pre-development expenses surged to $77,646 for the three months ended January 31, 2026, compared to just $2,646 in the same period last year. This increase is attributed to costs associated with permits, technical consultants, and the development of a plan of operation. Legal and professional fees also saw a significant rise, totaling $67,576 for the three months, up from $17,756, as the company prepares for the permitting process.

As of January 31, 2026, Star Gold Corp. reported total assets of $1,055,788, a notable increase from $707,358 as of April 30, 2025. Current assets rose to $352,221, primarily due to increased cash reserves, which stood at $266,144 compared to $11,374 a year earlier. However, the company continues to face a working capital deficit of $679,592, reflecting ongoing financial challenges. The total liabilities increased to $1,360,313 from $1,022,113, driven by higher accounts payable and accrued liabilities.

Star Gold Corp. has also made strides in its capital structure, having issued 8,750,000 shares and 4,375,000 warrants during the reporting period, generating net proceeds of $350,000. The company’s total stockholders’ equity improved slightly to a deficit of $304,525 from $314,755, indicating a marginal reduction in accumulated losses. The company has no employees and operates primarily through independent contractors, which may limit its operational capacity.

Looking ahead, Star Gold Corp. plans to continue focusing on its Longstreet Property, with intentions to apply for an extension of its drilling permit and to draft an Environmental Impact Statement. The company anticipates needing additional financing to support its operations and exploration activities, with management expressing confidence in sourcing capital through various means, including potential joint ventures and public offerings. However, the company acknowledges the inherent risks and uncertainties associated with its exploration activities and the need for ongoing funding to sustain its operations.