Star Gold Corp. Announces Change in Independent Auditor: Assure CPA, LLC Merges Into Sadler, Gibb & Associates LLC
Key Points:
- Star Gold Corp. (OTCQB: SRGZ) has announced a significant change in its independent registered public accounting firm.
- On June 3, 2026, Assure CPA, LLC, the Company’s previous auditor, merged into Sadler, Gibb & Associates LLC via an asset purchase agreement.
- As a result, Assure CPA, LLC ceased operations as a public accounting firm and officially resigned as Star Gold Corp.’s auditor.
- The resignation and appointment were approved by the Company’s Audit Committee on June 4, 2026.
- Sadler, Gibb & Associates LLC has been engaged as the new auditor for the fiscal year ending April 30, 2026.
Shareholder and Investor Impact
- Audit Reports: Assure CPA, LLC’s audit reports for fiscal years 2024 and 2025 did not contain adverse opinions, disclaimers, qualifications, or modifications related to uncertainty, audit scope, or accounting principles. However, both reports contained an explanatory paragraph expressing substantial doubt about Star Gold Corp.’s ability to continue as a going concern.
- No Disagreements: During the audited periods and the interim through June 3, 2026, the Company reported no disagreements with Assure CPA, LLC on any accounting principles, financial statement disclosures, or audit procedures, and there were no “reportable events” as defined by SEC regulations.
- New Auditor Consultation: Star Gold Corp. and its representatives did not consult with Sadler, Gibb & Associates LLC prior to their engagement regarding accounting principles, transactions, audit opinions, or any reportable events.
- Exhibit Letter: Assure CPA, LLC has provided a letter affirming its agreement with Star Gold Corp.’s disclosures regarding the auditor change, included as Exhibit 16.1.
Company Overview and Project Updates
- Star Gold Corp. is a U.S.-focused precious metals company, developing scalable, high-margin gold and silver assets in Nevada, a premier mining jurisdiction.
- The flagship Longstreet Gold-Silver Project in Nye County, Nevada, is 100% owned by Star Gold and spans approximately 2,600 acres, covering 137 unpatented mining claims and 5 additional claims.
- The Company is advancing technical studies and documentation required for a potential Environmental Impact Statement (EIS) and future production, emphasizing responsible exploration and sustainable development.
- For more information, investors can visit www.stargoldcorp.com.
- Investor contact: Lindsay Gorrill, Chief Executive Officer, [email protected], Tel: (208) 664-5066.
Potential Price-Sensitive Information
- The auditor change is a material event for shareholders, as it may signal changes in oversight or financial reporting processes.
- The going concern uncertainty expressed by the previous auditor is a critical issue that investors must monitor. While the new auditor has not issued an opinion yet, Star Gold Corp.’s financial viability remains a concern until further notice.
- No disagreements or reportable events with the outgoing auditor suggest that past financial statements are not under dispute, which may provide some stability for investors.
- Progress on the Longstreet Project and ongoing compliance with environmental and technical standards could become significant catalysts for share price movement, pending future announcements.
Exhibits Filed
- Exhibit 16.1: Letter from Assure CPA, LLC affirming agreement with Star Gold Corp.’s disclosures.
- Exhibit 104: Cover Page Interactive Data File (Inline XBRL).
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should perform their own due diligence and consult with financial professionals before making investment decisions. Star Gold Corp. is subject to risks including but not limited to operational, financial, regulatory, and market risks. The information presented is based on filings and may be subject to change.
