Company: BRGC
Filing Date: 2025-03-10
Form Type: 10-Q
Source: 0001683168-25-001444
Chunk: 5

Company: North America Lithium & Gold Corp
Filing Date: 2025-03-10
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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 with Rule 419 promulgated by the Securities and Exchange Commission
(the “ SEC”) under the Act. The Company’s Common Stock is a “penny stock,” as defined in Rule 3a51-1 promulgated
by the SEC under the Securities Exchange Act. The Penny Stock rules require a broker-dealer, prior to a transaction in penny stock not
otherwise exempt from the rules, to deliver a standardized risk disclosure document that provides information about Penny Stocks and the
nature and level of risks in the penny stock market.

We are a “ Shell Company,”
as defined in Rule 405 promulgated by the SEC under the Securities Act. A Shell Company is one that has no or nominal operations and either:
(i) no or nominal assets; or (ii) assets consisting primarily of cash or cash equivalents. As a Shell Company, we are restricted in our
use of Registrations on Form S-8 under the Securities Act; the lack of availability of the use of Rule 144 by security holders; and the
lack of liquidity in our stock.

Results of Operations

The three months ended March 31, 2001 compared to the three
months ended March 31, 2000

Revenue

For the three months ended March 31, 2001 and
2000, we had revenue of $0 and $95,812, respectively.

Cost of Revenue

For the three months ended March 31, 2001 and
2000, cost of revenue was $0 and $41,833.

Officer Compensation

We incurred $0 and $0 of officer compensation for the three months
ended March 31, 2001 and 2000, respectively.

General and administrative expenses

We had $0 of general and administrative expenses
(“ G& A”) for the three months ended March 31, 2001, compared to $499,972 for the three months March 31, 2000, a decrease
of $499,972 or 100% The decrease is primarily due to the cease in operations in December 2000.

Professional fees

We incurred $0 of professional fees for the three
months ended March 31, 2001, compared to $0for the three months ended March 31, 2000, an increase/decrease of $0. Professional fees generally
consist of audit, legal, accounting and investor relation service fees. The decrease is primarily due to the cease in operations in December
2000.