Natural Resource Holdings Reports Net Loss of $9,578 for Three Months Ended January 31, 2025

Natural Resource Holdings, Inc. reported its financial results for the three and nine months ended January 31, 2025, revealing a net loss of $9,578 for the three-month period, compared to a loss of $7,960 in the same period last year. For the nine months, the company recorded a net loss of $28,992, a significant decrease from the $2,027,693 loss reported for the same period in 2024. The reduction in losses for the nine-month period is primarily attributed to the absence of stock-based compensation expenses, which amounted to $2 million in the previous year due to the issuance of shares for management salaries.

Total operating expenses for the three months ended January 31, 2025, increased by 19% to $7,835 from $6,594 in the prior year, while for the nine-month period, operating expenses decreased dramatically to $23,898 from $2,022,484. This substantial decline is largely due to the aforementioned stock-based compensation in the prior year. The company did not report any revenue during either period, reflecting its ongoing transition and focus on mining operations.

As of January 31, 2025, Natural Resource Holdings had total assets of $37,275, a slight decrease from $38,747 as of April 30, 2024. The company’s liabilities increased to $326,949 from $299,429, primarily due to an increase in convertible notes payable, which rose to $152,485 from $124,859. The company’s stockholders’ deficit also widened to $289,674 from $260,682, driven by the accumulated deficit of $2,491,474.

In terms of operational developments, the company is currently focused on its mining business, having acquired mining property rights and engaged a surveying consulting firm for exploration services. The company plans to commence drilling tests in April 2025, with the aim of moving into the development stage by July 2025, contingent on successful exploration results. As of the latest report, Natural Resource Holdings has 5,589,891 shares of common stock outstanding, reflecting a reduction from 5,709,891 shares due to the cancellation of shares to maintain a public float.

Looking ahead, Natural Resource Holdings acknowledges the need for additional capital to support its operations and growth strategy. The company intends to raise funds through private or public offerings, although it cautions that there are no guarantees regarding the availability of such financing. The management remains optimistic about the potential for future revenue generation as it implements its business plan, but the ability to continue as a going concern is dependent on securing financial support and successfully executing its operational strategy.