Company: BRGC
Filing Date: 2025-03-11
Form Type: 10-Q
Source: 0001683168-25-001482
Chunk: 5

Company: North America Lithium & Gold Corp
Filing Date: 2025-03-11
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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 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 September 30, 2002 compared to the
three months ended September 30, 2001

Revenue

For the three months ended September 30, 2002
and 2001, we had revenue of $0 and $0, respectively.

Cost of Revenue

For the three months ended September 30, 2002
and 2001, cost of revenue was $0 and $0.

Officer Compensation

We incurred $0 and $0 of officer compensation for the three months
ended September 30, 2002 and 2001, respectively.

General and administrative expenses

We had $0 of general and administrative expenses
(“ G& A”) for the three months ended September 30, 2002, compared to $0 for the three months September 30, 2001.

Professional fees

We incurred $0 of professional fees for the three
months ended September 30, 2002, compared to $0 for the three months ended September 30, 2001. Professional fees generally consist of
audit, legal, accounting and investor relation service fees.

Other income (expense)

For the three months ending September 30, 2002,
we had total other expense of $0, compared to total other expense of $0 for the three months ended September 30, 2001.

Net loss

We incurred a net loss of $0 for the three months
ended September 30, 2002, compared to $0 for the