Overview
Compare with SOLITARIO RESOURCES CORP., VERDE RESOURCES, INC. or NEW PACIFIC METALS CORP, or pick any stock.
- TickerPGOL on OTC2
- IndustryGold and Silver Ores2
- HeadquartersReno, United States2
- Incorporated inNV3
- Business address401 Ryland Street, Suite 180, Reno, Nv 895023
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formProfit Corporation2
- LEI529900D15YK100AO79622
- StatusActive2
- LEI statusIssued and current2
- Registered addressc/o Sierra Crest Business Law Group, 691 Sierra Rose Dr. Suite B, 89511 Reno, United States2
- Registered withBusiness Center (Secretary of State), NV199813903002
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenues | $0 | $361.5K |
| Mineral costs | $85.5K | $369.7K |
| Consulting expense | $355.1K | $486.3K |
| Director fees | $210.0K | $210.0K |
| General and administrative | $1.2M | $1.4M |
| Total operating expense | $1.9M | $2.5M |
| Net loss from operations | -$1.9M | -$2.1M |
| Interest Expense | -$8.4K | $0 |
| Unrealized holding gain (loss) on marketable securities | $30.4K | -$10.7K |
| Currency exchange | -$4.0K | -$2.3K |
| Other miscellaneous income | $397 | $41.4K |
| Total other income (expense) | $18.4K | $28.4K |
| Net loss before taxes | -$1.9M | -$2.1M |
| Income tax benefit (expense) (see Note 10) | $0 | -$1.1M |
| Net loss | -$1.9M | -$3.1M |
| Foreign currency translation adjustment | -$5.7K | $733 |
| Comprehensive loss | -$1.9M | -$3.1M |
| Income per common share - basic | -$0.03 | -$0.05 |
| Income per common share - diluted | -$0.03 | -$0.05 |
| Weighted average shares outstanding - basic | 61.2M shares | 60.9M shares |
| Weighted average shares outstanding - diluted | 61.2M shares | 60.9M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $57.3K | $401.2K | |
| Marketable securities | $52.4K | $22.1K | |
| Royalty receivables, net of allowance for uncollectible receivables | $0 | $0 | |
| Prepaid expenses | $69.4K | $107.7K | |
| Total current assets | $179.1K | $531.0K | |
| Deferred tax asset, net of valuation allowance | $0 | $0 | |
| Total long-term assets | $0 | $0 | |
| Total assets | $179.1K | $531.0K | |
| Accounts payable and accrued liabilities | $873.5K | $458.3K | |
| Accounts payable and accrued liabilities related parties | $490.0K | $280.0K | |
| Convertible note payable related party | $664.1K | $0 | |
| Total current liabilities | $2.0M | $738.3K | |
| Common stock, par value $.001; 400,000,000 shares authorized; 68,296,490 and 60,354,539 shares issued and outstanding at December 31, 2025 and 2024, respectively | $68.3K | $60.4K | |
| Treasury stock (100,000 shares) | -$9.1K | -$9.1K | |
| Additional paid-in capital | $28.4M | $28.1M | |
| Common shares to be issued | $0 | $22.4K | |
| Accumulated other comprehensive income (loss) | -$20.4K | -$14.7K | |
| Accumulated deficit | -$30.3M | -$28.4M | |
| Total stockholders' equity | -$1.8M | -$207.3K | $3.0M |
| Total liabilities and stockholders' equity | $179.1K | $531.0K | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 400.0M shares | 400.0M shares | |
| Common stock, shares issued | 68.3M shares | 60.4M shares | |
| Common stock, shares outstanding | 68.3M shares | 60.4M shares | |
| Treasury stock, shares | 100.0K shares | 100.0K shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $57.3K | $401.2K | |
| Marketable securities | $52.4K | $22.1K | |
| Royalty receivables, net of allowance for uncollectible receivables | $0 | $0 | |
| Prepaid expenses | $69.4K | $107.7K | |
| Total current assets | $179.1K | $531.0K | |
| Deferred tax asset, net of valuation allowance | $0 | $0 | |
| Total long-term assets | $0 | $0 | |
| Total assets | $179.1K | $531.0K | |
| Accounts payable and accrued liabilities | $873.5K | $458.3K | |
| Accounts payable and accrued liabilities related parties | $490.0K | $280.0K | |
| Convertible note payable related party | $664.1K | $0 | |
| Total current liabilities | $2.0M | $738.3K | |
| Common stock, par value $.001; 400,000,000 shares authorized; 68,296,490 and 60,354,539 shares issued and outstanding at December 31, 2025 and 2024, respectively | $68.3K | $60.4K | |
| Treasury stock (100,000 shares) | -$9.1K | -$9.1K | |
| Additional paid-in capital | $28.4M | $28.1M | |
| Common shares to be issued | $0 | $22.4K | |
| Accumulated other comprehensive income (loss) | -$20.4K | -$14.7K | |
| Accumulated deficit | -$30.3M | -$28.4M | |
| Total stockholders' equity | -$1.8M | -$207.3K | $3.0M |
| Total liabilities and stockholders' equity | $179.1K | $531.0K | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 400.0M shares | 400.0M shares | |
| Common stock, shares issued | 68.3M shares | 60.4M shares | |
| Common stock, shares outstanding | 68.3M shares | 60.4M shares | |
| Treasury stock, shares | 100.0K shares | 100.0K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net Loss | -$1.9M | -$3.1M |
| Fair value adjustment for marketable securities | -$30.4K | $10.2K |
| Restricted common stock issued for services | $243.9K | $0 |
| Bad Debt Expense | $0 | $720.2K |
| Royalties receivables | $0 | -$361.5K |
| Prepaid expenses | $38.4K | $53.7K |
| Deferred tax asset, net of valuation allowance | $0 | $1.1M |
| Accounts payable and accrued liabilities | $415.2K | $419.1K |
| Accounts payable and accrued liabilities related parties | $210.0K | $41.2K |
| Net cash flows used in operating activities | -$1.0M | -$1.2M |
| Net cash flows provided by investing activities | $0 | $0 |
| Proceeds from note payable related party | $664.1K | $0 |
| Purchase and cancellation of stock | $0 | -$93.4K |
| Net cash flows provided by (used in) financing activities | $664.1K | -$93.4K |
| Foreign exchange effect on cash | -$5.7K | $733 |
| Net decrease in cash | -$343.9K | -$1.3M |
| Interest | $0 | $0 |
| Income taxes | $0 | $0 |
No quarter-by-quarter statement was filed.
What it owns
What PATRIOT GOLD CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Marketable securities, current | $52.4K4 Dec 31, 2025 | $22.1K4 Dec 31, 2024 | +137.5% |
Properties, in its own words
Introduction
The property disclosures in this Item 2 are presented in accordance with Regulation S-K 1300 (SK1300), including certain exemptions with respect to disclosures relating to royalty interests. This Item 2 provides summary information about our overall portfolio of property holdings and royalty interests, as well as more detailed information about our material property.
The rest of Item 2
Our management periodically reviews the materiality of individual properties and royalty interests within our portfolio. After considering quantitative and qualitative factors relating to the properties in which we have an interest in the context of our business operations and financial condition, including all related activities from exploration through external sale, we determined the only property considered material to our business is our royalty with respect to the Moss Mine.
Our summary and individual property disclosures are provided in accordance with SK1300, which provides that a registrant with a royalty right may omit certain information required by the summary and individual property disclosure requirements if the registrant specifies the information to which it lacks access, explains the reason it lacks the required information and provides all required information that it does possess or which it can acquire without incurring an unreasonable burden or expense. Our royalty agreement with respect to the Moss Mine, which is the only property considered material to our business, does not require the operator, who is not an affiliate of ours, to prepare technical report summaries or permit us the access and information sufficient to prepare our own technical report summaries. As a result, our presentation with respect to such royalty is limited to information we can acquire without unreasonable burden or expense.
With respect to each of our properties excluding royalty interests, our disclosures in this Item 2 are based on information reviewed and verified by Zachary J. Black, Director and a Qualified Person for National Instrument 43-101 (Standards of Disclosure for Mineral Projects).
Summary
We do not lease or own any real property for our corporate offices. We currently maintain our corporate office on a month-to-month basis at 401 Ryland St, Suite 180, Reno, NV 89502. Management believes that our office space is suitable for our current needs.
Our property holdings as of December 31, 2025 consist of the Vernal Property, the Windy Peak Property, a royalty with respect to the Moss Mine Project, and a royalty with respect to the Bruner Gold Project. Our only material property is the Moss Mine royalty.
Patriot Gold Corp Projects Map
Following is summary information regarding both our material and non-material properties:
Material Property · Non-Material Property
Moss Mine Royalty · Vernal Property · Windy Peak Property · Bruner Royalty
Location · Western Arizona · Central Nevada · West Central Nevada · Central Nevada
The type and amount of ownership interests · Patriot holds a royalty of 3% of Net Smelter Returns with respect to the original approximately 5 patented mining parcels and approximately 400 unpatented mining claims held by Golden Vertex Corp., and the surrounding 1 mile area of interest · 12 unpatented mining claims on approximately 248 acres · 118 unpatented mineral claims on approximately 2,419 acres · Patriot holds a royalty of 2% of Net Smelter Returns with respect to the original approximately 26 patented mining claims and approximately 191 unpatented mining claims held by Endeavour Silver Corp., and the surrounding 2 mile area of interest
Operator · Golden Vertex Corp. · Patriot · Patriot · Endeavour Silver Corp.
Titles, mineral rights, leases or options and acreage involved · Patriot holds a royalty of 3% of Net Smelter Returns with respect to the original approximately 5 patented mining parcels and approximately 400 unpatented mining claims held by Golden Vertex Corp., and the surrounding 1 mile area of interest · Patriot’s wholly owned subsidiary holds 12 unpatented mining claims on approximately 248 acres, subject to a 3% royalty in favor of MinQuest · Patriot holds 114 unpatented mineral claims on approximately 2,337 acres · Patriot holds a royalty of 2% of Net Smelter Returns with respect to the original approximately 26 patented mining claims and approximately 191 unpatented mining claims held by Endeavour Silver Corp., and the surrounding 2 mile area of interest
Stage · Production · Exploration · Exploration · Exploration
Key permit conditions · N/A* · Not permitted · Permitted for exploration · N/A*
Mine types and mineralization styles · Extraction of gold and silver from ore via heap leaching, with resulting precipitate smelted into dore bars · No proven or probable reserves · No proven or probable reserves · No proven or probable reserves
Processing plants/ facilities · N/A* · None · None · N/A*
Production* · N/A* · None · None · N/A*
*The only producing property in which we have an interest is the Moss Mine Project. Because we only hold a royalty interest with respect to such property, we do not have access to the annual production for the area subject to the royalty during the three most recently completed fiscal years without incurring unreasonable expense or burden. We also do not have access to information regarding key permit conditions or processing plants or facilities for properties with respect to which we only hold a royalty interest without incurring unreasonable expense or burden. With respect to key permit conditions generally, operators of the mines that are subject to our royalty interests must comply with environmental, mine safety, land use, water use, waste disposal, remediation and public health laws and regulations promulgated by federal, state, provincial and local governments in the United States.
Summary of Mineral Resources and Reserves
Item 2 of the 10-K filed Apr 10, 2026.12
Leadership
Who has led PATRIOT GOLD CORP, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
- Chief executive officerTrevor B. Newton Apr 22, 2019 to Apr 22, 201913
- Chief executive officerHerb Duerr Sep 15, 2008 to Sep 15, 200814
- Chief executive officerRobert Coale Mar 15, 2006 to Jan 6, 201615
- PresidentRobert Coale Mar 15, 2006 to Jul 20, 201515
Board members and other officers (7)
- Board memberZachary Jerome Black Oct 23, 2019 to Oct 23, 201916
- Board memberTrevor B. Newton Jan 6, 2016 to Apr 22, 201917
- Board memberHerb Duerr Sep 15, 2008 to Sep 15, 200814
- Board memberJared Beebe Sep 17, 2008 to Sep 16, 201518
- Board memberDuncan Budge Feb 16, 2006 to Sep 16, 200819
- Board memberRobert Coale Mar 15, 2006 to Oct 23, 201915
- Board memberRobert Sibthorpe Mar 15, 2006 to Mar 15, 200620
Former names
- NORTHERN OSTRICH CORPJun 25, 2001 to Jun 25, 20033
Timeline
Filings
31 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 1 major events, 10 other. The latest 20:
- Aug 14, 202610-Q FORM 10-Q FOR JUN 2026 EDGAR
- Jul 2, 20268-K CURRENT REPORT EDGAR
- Jun 22, 2026DEF 14C EDGAR
- Jun 9, 2026PRE 14C PRELIMINARY INFORMATION STATEMENT EDGAR
- May 15, 202610-Q FORM 10-Q FOR MAR 2026 EDGAR
- Apr 10, 202610-K FORM 10-K FOR DEC 2025 EDGAR
- Mar 31, 2026NT 10-K NOTIFICATION OF LATE FILING EDGAR
- Nov 12, 202510-Q FORM 10-Q FOR SEP 2025 EDGAR
- Aug 12, 202510-Q FORM 10-Q FOR JUN 2025 EDGAR
- May 13, 202510-Q FORM 10-Q FOR MAR 2025 EDGAR
- Apr 9, 202510-K FORM 10-K FOR DEC 2024 EDGAR
- Mar 31, 2025NT 10-K EXTENSION EDGAR
- Nov 13, 202410-Q FORM 10-Q FOR SEPT 2024 EDGAR
- Aug 14, 202410-Q FORM 10-Q FOR JUNE 2024 EDGAR
- May 14, 202410-Q FORM 10-Q FOR 3/31/24 EDGAR
- Mar 29, 202410-K FORM 10-K FOR 12/31/23 EDGAR
- Nov 14, 202310-Q QUARTERLY REPORT EDGAR
- Aug 25, 2023UPLOAD EDGAR
- Aug 18, 2023CORRESP EDGAR
- Aug 11, 202310-Q QUARTERLY REPORT EDGAR
The 31 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
SEC filer profile
How PATRIOT GOLD CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARPATRIOT GOLD CORP1
- CIK0001080448
- Employer ID (EIN)86-094704812
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company12
- Incorporated inNevada12
- Fiscal year endsDecember 311
- Industry code (SIC)1040 Gold and Silver Ores1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business address401 Ryland Street, Suite 180, Reno, NV 895021
- Phone702-456-95651
- Shares outstanding68,296,490 as of Aug 14, 202611
- Public float$964.7K as of Jun 30, 202512
- AuditorFruci & Associates II, PLLC, Spokane, Washington PCAOB ID 5525; no auditor attestation of internal control over financial reporting12
- On EDGAR sinceJun 25, 20011
- Filings251 in all: 10-Q (55), 8-K (34), 10QSB (21), 4 (20), 10-K (18), 10QSB/A (14), 3 (10), NT 10-K (8)1
All 31 form types
SB-2/A (8), CORRESP (7), UPLOAD (7), 10KSB (6), 10KSB/A (6), SC 13D (6), S-8 (5), 4/A (4), NT 10-Q (3), 424B3 (2), DEF 14C (2), PRE 14C (2), PRER14A (2), SC 13D/A (2), 10-K/A (1), 10-KT (1), 10-Q/A (1), 10SB12G (1), DEF 14A (1), POS AM (1), PRE 14A (1), S-8 POS (1), SB-2 (1)
- Latest filingsAnnual report (10-K) Apr 10, 2026
Quarterly report (10-Q) Aug 14, 2026
Proxy statement (DEF 14A) Oct 17, 2006
Latest 8-K (8-K) Jul 2, 2026
Risk factors and legal proceedings
The risks PATRIOT GOLD CORP names in Item 1A of its 10-K filed Apr 10, 2026: 12 risks under these headings, as written.12
- 1. We may require additional funds to achieve our business objectives and any inability to obtain funding will impact our business.
- 2. Our dependence on royalty payments from a single mining operation, which has temporarily ceased making payments, raises substantial doubt about our ability to continue as a going concern.
- 3. Because our Directors may serve as officers and directors of other companies engaged in mineral exploration, a potential conflict of interest could negatively impact our ability to acquire properties to explore and to run our business.
- 4. Because of the speculative nature of exploration and development, there are substantial risks in our business model.
- 5. Because of the unique difficulties and uncertainties inherent in mineral exploration and the mining business, we face risks.
- 6. Because our operating expenses may vary, as may our revenues, profitability may be inconsistent.
- 7. Because access to our mineral claims may be restricted by inclement weather, we may be delayed in our exploration.
- 8. Because of the speculative nature of exploration of mineral properties, there is substantial risk.
- 9. Because of the inherent dangers involved in mineral exploration, there is liability risk.
- 10. We are heavily dependent on our CEO and President.
- 11. As we undertake exploration and development of our mineral claims, we will be subject to compliance with government regulation which may increase the anticipated cost of our exploration programs.
- 12. Our financial and operating performance may be adversely affected by global public health threats.
Legal proceedings
There are no pending legal proceedings against the Company or in which any director, officer or affiliate of the Company, any owner of record or beneficially of more than 5% of any class of voting securities of the Company, or security holder is a party adverse to the Company or has a material interest adverse to the Company. However, in early 2024, the Company was notified that Golden Vertex, which operates the Moss Mine, has suspended royalty payments to Patriot and other royalty holders in order to preserve liquidity. Patriot subsequently took legal action against Golden Vertex, relating to outstanding royalty payments which are owed to Patriot under its Moss Mine royalty. Patriot initiated litigation in the State of Arizona in April 2024. Subsequently, Golden Vertex requested a stay of creditor claims and processes under Chapter 15 of the US Bankruptcy Code within the District of Arizona. The US Bankruptcy court has since provided that, until it makes a ruling relating to Patriot’s claims against Golder Vertex, certain Golden Vertex assets including cash, accounts receivable, rights to proceeds from mineral production, and other rights to payment, must be segregated, accounted for, and preserved, and no distributions can be made of same, pending further order of the US Bankruptcy Court. Patriot seeks to recover said assets under its turnover, constructive trust, and conversion claims. The Court has granted Patriot’s request for a preliminary injunction requiring Golden Vertex to provide monthly detailed calculations of all royalties owing in accordance with the terms of the Royalty Deed, including all data supporting or otherwise relating to the calculations; and segregate and hold in the United States the dollar amount of royalties payable to Patriot under the Royalty Deed, until the Court enters final judgment in this case.
The opening of Item 3, Legal Proceedings.12
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14SEC EDGARHerb Duerr, Chief executive officer
- 15
- 16SEC EDGARZachary Jerome Black, Board member
- 17SEC EDGARTrevor B. Newton, Board member
- 18SEC EDGARJared Beebe, Board member
- 19SEC EDGARDuncan Budge, Board member
- 20SEC EDGARRobert Sibthorpe, Board member
- 21SEC EDGAROther events