Quarterly ResultMay 29, 2026, 01:34 PM
Athena Gold Q1 Net Loss $(2.04)M; Completes Share Consolidation
AI Summary
Athena Gold Corporation reported a net loss of $(2,044,916) for the three months ended March 31, 2026, compared to an income of $147,652 in the prior year period. The company also completed a 1-for-9.9 share consolidation on April 2, 2026, and changed its functional and presentation currency to Canadian Dollars. The financial statements include a going concern warning, indicating dependence on future financing.
Key Highlights
- Net loss for Q1 2026 was $(2,044,916) compared to income of $147,652 in Q1 2025.
- Basic loss per share was $(0.06) for Q1 2026, down from $0.01 income per share in Q1 2025.
- Total assets increased to $13,650,555 as of March 31, 2026, from $12,501,389 at December 31, 2025.
- Total liabilities decreased to $49,350 as of March 31, 2026, from $1,883,085 at December 31, 2025.
- Mineral properties increased to $7,910,012 as of March 31, 2026, from $4,834,615 at December 31, 2025.
- Investment in securities decreased to $2,165,237 as of March 31, 2026, from $4,030,559 at December 31, 2025.
- Completed a 1-for-9.9 share consolidation on April 2, 2026, retrospectively adjusted.
- Changed functional and presentation currency to Canadian Dollars (CAD) effective January 1, 2026.
Price Impact
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