Company: BRGC
Filing Date: 2025-03-11
Form Type: 10-Q
Source: 0001683168-25-001523
Chunk: 6

Company: North America Lithium & Gold Corp
Filing Date: 2025-03-11
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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 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, 2003 compared to the three
months ended March 31, 2002

Revenue

For the three months ended March 31, 2003 and
2002, we had revenue of $0 and $0, respectively.

Cost of Revenue

For the three months ended March 31, 2003 and
2002, cost of revenue was $0 and $0.

Officer Compensation

We incurred $0 and $0 of officer compensation for the three months
ended March 31, 2003 and 2002, respectively.

General and administrative expenses

We had $0 of general and administrative expenses
(“ G& A”) for the three months ended March 31, 2003, compared to $0 for the three months March 31, 2002.

Professional fees

We incurred $0 of professional fees for the three
months ended March 31, 2003, compared to $0 for the three months ended March 31, 2002. Professional fees generally consist of audit, legal,
accounting and investor relation service fees.

Other income (expense)

For the three months ending March 31, 2003, we
had total other expense of $0, compared to total other expense of $0 for the three months ended March 31, 2002.

Net loss

We incurred a net loss of $0 for the three months
ended March 31 2003, compared to $0 for the three months ended March 31, 2002.

  11  

Cash flow from operations

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