Star Gold Corp. posted a net loss of $824,850 for fiscal 2026, widening 220.5% from the prior year.
Pre-development expense climbed to $231,565, up 2,533.2% year over year, as work advanced on the Longstreet Project permitting plan.
Legal and professional fees rose to $253,029, up 196.6%, on higher legal services tied to compliance, SEC filings, property transfer and corporate transactions.
Cash flow used by operating activities increased to $929,165, while cash on hand totaled $1.93 million at April 30, 2026.
Proceeds included a Feb. 27 private placement that raised $2.98 million, alongside $671,450 of debt and accrued interest converted into equity units.
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