Brookmount Gold Announces Completion of Audit and Issue of Audit Opinion for Financial years 2021/22

Rhea-AI Summary

Brookmount Gold (BMXI) has announced the completion of its 2021/22 financial audit, with Russell Bedford issuing the audit opinion. The company plans to upload the signed accounts to OTC Markets. Additionally, auditors are currently working on the 2023/24 accounts, with all necessary information already uploaded to the company's Xero accounting system on iCloud. This audit completion is part of BMXI's broader strategy to achieve SEC fully reporting status and pursue an uplisting, signaling the company's commitment to enhanced financial transparency and market position.

Positive

• Completion of 2021/22 audit with signed audit opinion
• Progress towards SEC fully reporting status
• Plans for uplisting to higher exchange
• 2023/24 audit already in progress

Negative

• Significant delay in completing 2021/22 audit (approximately 3 years behind)
• Multiple years of financial statements still pending audit completion

RENO, NEVADA / ACCESS Newswire / June 23, 2025 / The Board of Directors of Brookmount Gold (sic: Brookmount Explorations, Inc. OTC "BMXI") is very pleased to announce that auditing of the company's 2021/22 accounts is now complete and the Audit Opinion for Russell Bedford signed. A copy of the signed accounts will be uploaded to OTC Markets later today for review.. In the meantime, our auditors are working on completing audits for the 2023/24 accounts, for which all relevant information has been uploaded onto the Company's Xero accounting system data on iCloud. We will make further announcements as this process moves to completion and as we prepare to move forward on our strategy of SEC fully reporting status and uplisting.

About Brookmount Gold

Founded in 2018, Brookmount Gold is a high-growth gold-producing company quoted on the OTC Markets in the United States (OTC:"BMXI"). With operating gold mines in Southeast Asia and exploration and production assets in North America, the Company is focused on acquiring and developing high-quality gold assets with JORC/NI 43-101 verified resources in addition to continuing development of its gold production operations..

Safe Harbor Statements:

Except for the historical information contained herein, certain of the matters discussed in this communication constitute "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995. Words such as "may," "might," "will," "should," "could," "anticipate," "estimate," "expect," "predict," "project," "future," "potential," "intend," "seek to," "plan," "assume," "believe," "target," "forecast," "goal," "objective," "continue" or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding benefits of the proposed license, expected synergies, anticipated future financial and operating performance and results, including estimates of growth. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication. For example, the expected timing and likelihood of completion of the pending transaction, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the pending transaction that could reduce anticipated benefits or cause the parties to abandon the transaction, the ability to successfully integrate the businesses, the occurrence of any event, change or other circumstance that could give rise to the termination of the negotiations, the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all, risks related to disruption of management time from ongoing business operations due to the proposed transaction, the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of Brookmount's common stock. All such factors are difficult to predict and are beyond our control. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this report, except as required by applicable law or regulations.

Investor Relations Contact: info@chesapeakegp.com
or: 410 825 3930;
Kevin Sakser: 813 4945756
Website: https://www.brookmountgold.com
Corporate Contact:
corporate@brookmountgold.com
Social Links: Brookmount Gold X (Formerly Twitter);
https://x.com/brookmountgold

SOURCE: Brookmount Explorations, Inc.

View the original press release on ACCESS Newswire

FAQ

What is the current status of Brookmount Gold's (BMXI) 2021/22 audit?

Brookmount Gold has completed its 2021/22 audit with Russell Bedford issuing the signed audit opinion, which will be uploaded to OTC Markets.

Is BMXI planning to uplist to a major exchange?

Yes, Brookmount Gold has stated its strategy includes pursuing SEC fully reporting status and uplisting, though specific timeline details were not provided.

What progress has been made on Brookmount Gold's 2023/24 audit?

The company has uploaded all relevant information for the 2023/24 audit to their Xero accounting system on iCloud, and auditors are currently working on completing this audit.

How many years of financial statements are being audited for BMXI?

The company has completed the 2021/22 audit and is currently working on the 2023/24 audit, indicating multiple years of financial statements are in various stages of the audit process.

Who is conducting Brookmount Gold's financial audits?

Russell Bedford is conducting the financial audits for Brookmount Gold, as indicated by their signing of the 2021/22 audit opinion.