Company: BRGC
Filing Date: 2025-03-12
Form Type: 10-Q
Source: 0001683168-25-001538
Chunk: 6

Company: North America Lithium & Gold Corp
Filing Date: 2025-03-12
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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, compared to $0 for the three months ended March 31, 2003.

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Cash flow from operations

Cash used in operating activities for the three
months ended March 31, 2004, was $0 compared to $0 of cash used in operating activities for the three months ended March 31, 2003.

Cash Flows from Financing

For the three months ended March 31, 2004, we
netted $0 from financing activities.

Going Concern

As of March 31 2004, there is substantial doubt
regarding our ability to continue as a going concern as we have not generated sufficient cash flow to fund our operations.

We have suffered recurring losses from operations
and have not yet generated any revenue. As a result of these and other factors, our independent auditor has expressed substantial doubt
about our ability to continue as a going concern. Our future success and viability, therefore, are dependent upon our ability to generate
capital financing. The failure to generate sufficient revenues or raise additional capital may have a material and adverse effect upon
us and our shareholders.

Management’s plans with regard to these
matters encompass the following actions: (i) obtaining funding from new investors to alleviate our working capital deficiency, and (ii)
implementing our plan of operation to generate sales. Our continued existence is dependent upon our ability to resolve our liquidity problems
and increase profitability in our business operations. However, the outcome of management’s plans cannot be ascertained with any
degree of certainty. Our financial statements do not include any adjustments that might result from the outcome of these risks and uncertainties.

Off Balance Sheet Arrangements

We have no off-balance sheet arrangements that
have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues
or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

Critical Accounting Policies

Refer to Note 2 of our financial statements contained elsewhere in
this Form 10-Q for a summary of our critical accounting policies and to Note 2 our financial statements contained in our Form 10-K for
a more complete summary of our critical accounting policies.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are a smaller reporting company as defined
by Rule 12b-2 of the Exchange Act and, as such, are not required to provide the information under this Item.

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