Wed, Apr 9, 8:48 PM (11 days ago)
**Summary of Athena Gold Corporation (ATHA)** **Financial Performance:** - **Revenue:** No revenue was generated in 2024. - **Net Income:** The company reported a net loss of $636,518 in 2024, compared to a net income of $612,748 in 2023. - **Operating Expenses:** Total operating expenses were $612,117 in 2024, down from $783,592 in 2023. - **Earnings per Share:** The company reported a loss of $0.00 per share for 2024. **Strategic Overview:** - **Excelsior Springs Project:** The company's flagship project, located in Nevada, has seen significant exploration activities, including drilling programs and geochemical surveys. - **Laird Lake and Oneman Lake Projects:** Athena acquired these projects in Ontario, Canada, with plans for further exploration and development. - **Market Position:** The company is focused on the acquisition and exploration of mineral resources, particularly gold. **Future Outlook:** - **Exploration Plans:** Athena plans to continue exploration activities at its projects, with a focus on identifying economically viable mineral deposits. - **Financing:** The company will need to raise additional capital to fund its exploration and development activities. **Risk Factors:** - **Financial Risk:** The company has a negative working capital and relies on equity financing to fund its operations. - **Operational Risk:** Exploration activities are subject to various risks, including geological uncertainties and regulatory challenges. - **Market Risk:** The price of gold, a key commodity for Athena, is volatile and subject to market fluctuations. **Financial Condition:** - **Cash Position:** As of December 31, 2024, the company had approximately $240,000 in cash. - **Liabilities:** The company has significant liabilities, including accounts payable and warrant liabilities. **Market Position Changes:** - **Stock Performance:** The company's stock is quoted on the OTCQB and CSE, with a closing price of $0.05 on the CSE and $0.04 on the OTCQB as of December 31, 2024. - **Shareholder Base:** As of December 31, 2024, the company had approximately 95 shareholders of record.