MINR
0.3000
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
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-Recent Filings
10-Q
Q1 FY2026 results
Minerva Gold notched its first revenue of $12,000 in Q1 FY2026 ended May 31, 2025, from design services under a new contract, up from zero a year earlier, yet general and administrative expenses ticked up 6.6% y/y to $14,275, yielding a narrower operating loss of $2,275 versus $13,398 last year. Cash drained $7,600 in operations, leaving $9,580 on hand after starting with $17,180, while related-party loans held steady at $55,780 with no revolver or covenants noted. The pivot to design services marks a fresh start beyond stalled mineral exploration. Disclosure controls faltered this quarter. Basic and diluted EPS matched at $(0.00) across 6,570,000 shares. Going concern doubts linger amid ongoing losses.
10-K
FY2025 results
Minerva Gold Inc. posted $26,000 in revenue for FY2025 ended February 28, 2025, up from zero the prior year, driven by initial design services while building its mineral exploration base. Operating expenses dipped to $33,123 from $35,660, yielding a narrower net loss of $7,123 versus $35,660, with no quarterly breakdowns disclosed in the 10-K. Cash climbed to $17,180, fueled by $22,070 in shareholder loans, yet liabilities swelled to $67,780 amid deferred revenue of $12,000. No dividends or buybacks occurred. The company eyes further equity raises for growth. Going concern doubts linger from ongoing losses.
10-Q
Q3 FY2025 results
Minerva Gold Inc. posted a Q3 net loss of $4,668, up from $992 a year ago, while nine-month losses widened to $23,048 from $16,140, driven by higher general and administrative expenses. No revenue yet for the pre-revenue explorer. Cash burn from operations hit $18,470 over nine months (derived), offset by $22,070 in related-party loans, leaving $100 in cash against $60,300 liabilities, including $55,780 due to insiders. Free cash flow not disclosed in the 10-Q. A prior mineral option lapsed without funding. Subsequent prepayments of $26,000 signal a pivot to architectural services. Controls remain ineffective. Going concern doubts linger amid funding needs.
8-K
Expands into design services
Minerva Gold Inc. expanded into design services, launching minervadesignstudio.com on October 25, 2024, and secured a $12,000 prepayment from Aibek Ukulov on November 3 for hotel facility planning. This move diversifies offerings while sustaining core activities, signaling active revenue generation. No longer a shell company. Negotiations with new clients continue.
8-K
Expands into design services
Minerva Gold Inc. expanded into design services on October 21, 2024, to diversify offerings and meet client needs. It appointed Meltem Alieva, an architecture and branding expert, to its board effective immediately. This move bolsters leadership for the new segment. Yet growth hinges on market adoption.
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