Tue, May 13, 4:52 PM (31 days ago)
**Nevada Canyon Gold Corp. (NGLD) Q1 2025 Financial Summary** Nevada Canyon Gold Corp. (NGLD) reported a net loss of $882,270 for Q1 2025, a 5.1% increase compared to the net loss of $839,445 in Q1 2024. The company's operating expenses decreased by 6.1% to $949,235, primarily due to reduced investor awareness and marketing expenses, and director and officer compensation. Exploration expenses increased significantly to $270,684, mainly due to activities under the Earn-in Agreement with Walker River Resources, LLC. The company recognized a gain of $1,834 on the fair value of equity investments and earned $65,131 in interest income. NGLD's cash position decreased by $309,024 to $6,727,137, with cash flows used in operating activities increasing by 139% to $577,173. The company's working capital surplus was $5,907,728, and it has sufficient cash to support operations for the next 12 months. NGLD continues to explore its mineral properties and royalty interests, with a focus on the Swales and Agai-Pah Properties in Nevada. The company is also pursuing additional financing to support its operations beyond the next 12 months. NGLD's stockholders' equity decreased to $8,785,419 due to the net loss for the period. The company's management discussed the uncertainties and risks associated with its business, including the dependence on future financing, market conditions, and the success of its exploration programs. NGLD's financial health remains dependent on its ability to secure additional funding and successfully explore and develop its mineral properties.