3/5Minerva Gold Inc. (MINR): Going-concern doubt

Market data

Price before filing: $0.3 (2025-09-19 close, split/dividend-adjusted)
Market cap at flag: $2.0M (2025-09-22) · Latest: $853,443 (2026-10-13)

What happened next

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Insider trading around this filing

90 days before the flag: no open-market insider sales or purchases reported.
30 days after: none reported.

Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-06-24 to 2025-10-22. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.

Verified excerpt

"The Company has accumulated loss from inception (February 24, 2021) to August 31, 2025 of $ 71,826 . These factors among others raise substantial doubt about the ability of the company to continue as a going concern for a reasonable period of time."

Quoted from the filing. Source

What this means

The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.

Source: management disclosure in Form 10-Q (period 2025-08-31)

Why this score: quarterly (unaudited) disclosure