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Northern Shield Resources (NRN) investor relations material
Northern Shield Resources Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Focused on exploration for gold, silver, tellurium, copper, nickel, and PGE in Eastern Canada, with flagship Root & Cellar and Idefix properties at 100% ownership.
Completed $800,500 in private placements in Q2 2025, strengthening liquidity and funding exploration.
No revenue generated as all projects remain in exploration stage; operations funded by equity issuances.
Financial highlights
Net loss for Q2 2025 was $244,175, and $383,123 for the six months ended June 30, 2025, both significantly improved from prior year losses of $2,790,623 and $2,943,995, respectively.
Cash balance increased to $705,369 at June 30, 2025, from $386,939 at December 31, 2024.
Working capital improved to $382,116 at June 30, 2025, from negative $168,974 at year-end 2024.
Gross exploration expenditures for the six months were $252,216 (2024: $40,830).
General and administrative expenses for six months were $283,404 (2024: $304,397).
Outlook and guidance
A 3,000-meter drill program at Root & Cellar was completed post-Q2, with technical and assay updates expected in the next period.
Ongoing focus on advancing Root & Cellar and evaluating further exploration at Idefix.
Continued reliance on equity financing to fund exploration and operations.
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