What changed in this filing

/stocks — the workspaceLOADING

Item 2. Management’s Discussion and Analysis

2026-08-11 compared with 2026-05-15 · 58 added, 34 removed, 92 unchanged (50% of the section changed)

29 unchanged sentences

we rely upon the sale of our securities and borrowings from significant investors to fund our operations, as we have not generated any

Our current focus is to advance the Ophir Creek Placer Gold Mine

towards resource definition and eventual development.

Secondarily, we may acquire additional mineral projects which could add earlier

revenue to the Company.

The Company is currently severely restrained by access to capital and any plans with respect to its existing or

future projects are subject to availability of capital on reasonable terms.

In the past, and for the foreseeable future, we will continue

to rely upon the sale of our securities as well as advances and loans from executive management, and also from significant shareholders,

to fund our operations as we do not generate consistent revenue.

Prospective investors should note that there is no assurance that additional

capital will be available to the Company to carry out its stated work plans.

Our current focus is to advance the Ophir Creek

Placer Gold Mine towards resource definition and eventual development.

Secondarily, we may acquire additional mineral projects which could

add earlier revenue to the Company.

The Company is currently severely restrained by access to capital and any plans with respect to its

existing or future projects are subject to availability of capital on reasonable terms.

In the past, and for the foreseeable future, we

will continue to rely upon the sale of our securities as well as advances and loans from executive management, and also from significant

shareholders, to fund our operations as we do not generate consistent revenue.

Prospective investors should note that there is no assurance

that additional capital will be available to the Company to carry out its stated work plans.

Results of Operations for the three months

ended March 31, 2026 and 2025

Three months ended March 31,

ended June 30, 2026 and 2025

Three months ended June 30,

Operating expenses:

General and administrative expenses

Impairment expense

Total operating expenses

2 unchanged sentences

Interest expense

Loss on conversion of debt

Loss on change in derivative liability

Gain (loss) on change in derivative liability

Total other income (expense)

Operating expenses

three months ended March 31, 2026, our total operating expenses included general and administrative expenses of $113,041 as

compared to $53,036 during the three months ended March 31, 2025.

The $55,005 change was mainly related to an increase in professional

the three months ended June 30, 2026, our total operating expenses included general and administrative expenses of $84,468 as compared

to $47,314 during the three months ended June 30, 2025.

The $37,154 change was mainly related to the $25,000 impairment expense related

to the Ophir Creek Placer Gold mineral rights and properties .

Other income (expense)

three months ended March 31, 2026, total other expense was $55,912 as compared to $126,104 during the three months ended March 31,

three months ended June 30, 2026, total other expense was $154,118 as compared to other income of $49,705 during the three months

ended June 30, 2025.

The $203,823 change was mainly related to change in derivative liability.

Results of Operations for the six months

ended June 30, 2026 and 2025

Six months ended June 30,

Operating expenses:

General and administrative expenses

Impairment expense

Total operating expenses

Operating loss

Other expense:

Interest expense

Loss on conversion of debt

Loss on change in derivative liability

Total other expense

Operating expenses

six months ended June 30, 2026, our total operating expenses included general and administrative expenses of $197,509 as

compared to $105,350 during the six months ended June 30, 2025.

The $92,159 change was mainly related to the $25,000 impairment expense

related to the Ophir Creek Placer Gold mineral rights and properties and an increase in professional

Other expense

six months ended June 30, 2026, total other expense was $210,030 as compared to other expense of $76,399 during the six months ended

June 30, 2025.

The $133,631 change was mainly related to change in derivative liability.

Liquidity and Capital Resources

5 unchanged sentences

unable to continue as a going concern.

At March 31, 2026, we had not yet generated sufficient revenues or achieved profitable operations,

At June 30, 2026, we had not yet generated sufficient revenues or achieved profitable operations,

and we have accumulated losses of $22,603,152.

9 unchanged sentences

operating, investing and financing activities is as follows:

Three months ended March 31,

Six months ended June 30,

Net cash used in operating activities

3 unchanged sentences

Cash end of period

At March 31, 2026, we had $504 in cash and

a $2,264,897 working capital deficit.

At June 30, 2026, we had $1,205 in cash and a

$2,496,301 working capital deficit.

This compares to cash of $547 and a working capital deficit of $2,093,260 at December 31, 2025.

Net cash used in operating activities during the

three months ended March 31, 2026 was $5,893 and was mainly comprised of our $168,953 net loss during the period, adjusted by non-cash

charges of $11,466 of stock compensation, and a loss on change in derivative liability of $33,479.

In addition, it reflects changes in

operating assets and liabilities of $118,115.

six months ended June 30, 2026 was $15,192 and was mainly comprised of our $407,539 net loss during the period, adjusted by non-cash charges

$25,000 of impairment expense, $18,648 of stock compensation, and a loss on change in derivative liability of $164,915.

In addition, it

reflects changes in operating assets and liabilities of $183,784.

Net cash used in operating

activities during the three months ended March 31, 2025 was $21,708 and was mainly comprised of our $184,140 net loss during the period,

adjusted by a non-cash charges of $8,220 of stock compensation, loss on conversion of debt of $19,950 and a loss on change in derivative

activities during the six months ended June 30, 2025 was $26,917 and was mainly comprised of our $181,749 net loss during the period,

adjusted by non-cash charges of $14,259 of stock compensation, loss on conversion of debt of $19,950 and a loss on change in derivative

liability of $15,042.

In addition, it reflects changes in operating assets and liabilities of $105,581.

During the three months

ended March 31, 2026, net cash provided by financing activities was $5,850 comprised of $20,000 in proceeds from advances from third parties

During the six months

ended June 30, 2026, net cash provided by financing activities was $15,850 comprised of $30,000 in proceeds from advances from third parties

offset by the repurchase of common stock, related party of $14,150.

During the three months

ended March 31, 2025, net cash provided by financing activities was $26,610 comprised of $140,000 in proceeds sale of common stock were

offset by repayment of notes payable of $20,000 and repayment of advances of $93,390.

During the six months ended June 30, 2025, net

cash provided by financing activities was $26,610 comprised of $140,000 in proceeds from sale of common stock were offset by repayment

of notes payable of $20,000 and repayment of advances of $93,390.

Off Balance Sheet Arrangements

21 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 2. Management’s Discussion and Analysis