Northern Shield Resources (NRN) Q1 2025 earnings summary

Executive summary

• Remains in exploration stage with no revenue-producing properties; activities focused on mineral property acquisition and exploration in Eastern Canada.

• Net loss of $138,948 for the three months ended March 31, 2025, compared to $153,372 for the same period in 2024.

• Operations funded primarily through periodic equity issuances; recent financings include private placements and flow-through shares.

Financial highlights

• Cash balance at March 31, 2025, was $239,817, down from $386,939 at December 31, 2024.

• Accumulated deficit reached $36,495,539 as of March 31, 2025.

• Net cash outflow from operating activities was $122,941 for the quarter.

• Shareholders' equity stood at $2,254,229 at quarter-end.

• Basic and diluted loss per share was $0.00 for both Q1 2025 and Q1 2024.

Outlook and guidance

• Ability to continue as a going concern depends on securing additional financing and successful exploration outcomes.

• Obligated to spend approximately $470,000 on qualifying flow-through expenditures.