Company: BRGC
Filing Date: 2025-03-12
Form Type: 10-Q
Source: 0001683168-25-001532
Chunk: 9

Company: North America Lithium & Gold Corp
Filing Date: 2025-03-12
Form: 10-Q
Item: Part I, Item 4
Chunk 9
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ITEM 4. CONTROLS AND PROCEDURES

Disclosure Controls and Procedures

Each of our principal executive and principal
financial officer has evaluated the effectiveness of our disclosure controls and procedures, using theInternal Control - 
Integrated Framework (2013)developed by the Committee of Sponsoring Organizations of the Treadway Commission, as defined in
Rules 13a - 15(e) and 15d - 15(e) under the Securities Exchange Act of 1934, as amended (the “ Exchange Act”), as of the end
of the period covered by this quarterly report. Based on their evaluation, each such person concluded that our disclosure controls and
procedures were not effective as of September 30, 2003.

The following aspects of the Company were noted
as potential material weaknesses:

  Due to our size and limited resources, we currently do not employ the appropriate accounting personnel to ensure (a) we maintain proper segregation of duties, (b) that all transactions are ente...  
  Due to our size and scope of operations, we currently do not have an independent audit committee in place;                                                                                            
  Due to our size and limited resources, we have not properly documented a complete assessment of the effectiveness of the design and operation of our internal control over financial reporting.       

In designing and evaluating disclosure controls
and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable,
not absolute assurance of achieving the desired objectives. Also, the design of a control system must reflect the fact that there are
resource constraints and the benefits of controls must be considered relative to their costs.

Changes in Internal Control over Financial
Reporting

Our management has evaluated whether any change
in our internal control over financial reporting occurred during the last fiscal quarter. Based on that evaluation, management concluded
that there has been no change in our internal control over financial reporting during the relevant period that has materially affected,
or is reasonably likely to materially affect, our internal control over financial reporting.

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PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS