Star Gold (OTCQB: SRGZ) shifts to Sadler Gibb after Assure CPA merger
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Star Gold Corp. has appointed Sadler, Gibb & Associates, LLC as its new independent registered public accounting firm for the fiscal year ending April 30, 2026, following the merger of its prior auditor, Assure CPA, LLC, into Sadler Gibb.
Assure CPA’s audits for the years ended April 30, 2024 and 2025 contained no adverse or qualified opinions, other than an explanatory paragraph expressing substantial doubt about Star Gold’s ability to continue as a going concern. The company reports no disagreements or reportable events with Assure CPA and has filed Assure’s confirming letter as an exhibit.
Star Gold describes itself as a U.S.-focused precious metals company advancing its 100% owned Longstreet Gold-Silver Project in Nye County, Nevada, covering about 2,600 acres across 142 unpatented mining claims.
Positive
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Negative
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Insights
Auditor change stems from a merger, with no reported disputes.
Star Gold Corp. is transitioning its audit engagement to Sadler, Gibb & Associates, LLC after prior auditor Assure CPA, LLC merged into that firm. The audit committee approved both the resignation of Assure CPA and the engagement of Sadler Gibb.
The company states there were no disagreements or reportable events with Assure CPA over accounting principles, disclosures, or audit procedures for fiscal 2024, 2025, and through June 3, 2026. Assure’s prior reports did, however, include a going concern explanatory paragraph, highlighting substantial doubt about Star Gold’s ability to continue operating.
Sadler Gibb had not been consulted previously on accounting matters or potential audit opinions for Star Gold’s financial statements. Future filings for the year ending April 30, 2026 will show how the new auditor’s views align with past going concern disclosures.
8-K Event Classification
2 items: 4.01, 9.01
2 items
Item 4.01
Changes in Registrant's Certifying Accountant
Governance
The company changed its independent auditing firm, which may involve disagreements on accounting matters.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Former audit years covered: Fiscal years ended April 30, 2024 and 2025
New audit year: Fiscal year ending April 30, 2026
Merger notice date: June 3, 2026
+3 more
6 metrics
Former audit years covered
Fiscal years ended April 30, 2024 and 2025
Assure CPA audit reports with going concern paragraph
New audit year
Fiscal year ending April 30, 2026
Engagement of Sadler, Gibb & Associates, LLC
Merger notice date
June 3, 2026
Assure CPA merger into Sadler Gibb and resignation
Audit committee approval date
June 4, 2026
Resignation of Assure CPA and engagement of Sadler Gibb
Longstreet Project size
Approximately 2,600 acres
Star Gold’s 100% owned Longstreet Gold-Silver Project in Nevada
Mining claims at Longstreet
142 unpatented mining claims
137 unpatented plus 5 additional unpatented claims
Key Terms
independent registered public accounting firm, going concern, reportable events, asset purchase agreement, +2 more
6 terms
independent registered public accounting firm regulatory
"Assure CPA, LLC, which served as the independent registered public accounting firm of Star Gold Corp."
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
going concern financial
"each of Assure CPA, LLC's reports contained an explanatory paragraph expressing substantial doubt about the Company's ability to continue as a going concern."
A going concern is a business that is expected to continue its operations and meet its obligations for the foreseeable future, rather than shutting down or selling off assets. This assumption matters to investors because it indicates stability and ongoing profitability, making the business a more reliable investment. Think of it as believing a restaurant will stay open and serve customers, rather than closing down suddenly.
reportable events regulatory
"there were (i) no disagreements ... and (ii) no “reportable events” within the meaning of Item 304(a)(1)(v) of Regulation S-K."
Reportable events are significant incidents or changes a company is legally required to disclose to regulators and the public, such as major safety problems, legal actions, financial irregularities, or management changes. They matter to investors because these events can alter a company’s risk profile or future performance, much like a dashboard warning light signals a problem that could affect a car’s safety or reliability. Timely disclosure helps investors make informed decisions and maintain market fairness.
asset purchase agreement financial
"Assure CPA, LLC, ... merged into Sadler, Gibb & Associates, LLC pursuant to an asset purchase agreement."
An asset purchase agreement is a legal contract in which a buyer agrees to buy specific assets and contracts of a business rather than buying the company’s stock or ownership. It matters to investors because it determines exactly what is being bought and what liabilities stay behind — like buying the furniture and equipment from a store but not the building or past debts — which affects the deal’s value, taxes and future risk exposure.
unpatented mining claims financial
"The 100% owned Longstreet Project spans approximately 2,600 acres, comprising of 137 unpatented mining claims and 5 additional unpatented claims."
A claim to minerals on public land where the holder has the right to explore and extract resources but does not own the surface or the underlying land title. Like renting a plot to dig for treasure while the government still owns the ground, these claims give producers potential access to valuable ore but carry extra risks — they can require permits, be contested or lost, and often complicate financing and company valuation for investors.
Environmental Impact Statement (EIS) technical
"progressing the technical studies and documentation required to support a potential Environmental Impact Statement (EIS) and move to production"
An environmental impact statement (EIS) is a detailed, government‑required report that evaluates how a proposed project or activity could affect air, water, land, wildlife and local communities, and describes measures to reduce those effects. For investors it matters because an unfavorable or incomplete EIS can delay permits, raise costs, invite legal challenges or fuel public opposition—think of it as a project’s environmental blueprint and scorecard that shapes timeline, liability and long‑term value.
FAQ
What auditor change did Star Gold Corp. (SRGZ) disclose in this 8-K?
Star Gold Corp. appointed Sadler, Gibb & Associates, LLC as its independent registered public accounting firm for the fiscal year ending April 30, 2026, after prior auditor Assure CPA, LLC merged into Sadler Gibb and resigned its engagement with the company.
Did Star Gold (SRGZ) report any disagreements with its former auditor Assure CPA?
Star Gold states there were no disagreements with Assure CPA on accounting principles, financial statement disclosure, or auditing scope and procedures, and no reportable events, during fiscal years ended April 30, 2024 and 2025 and the interim period through June 3, 2026.
What going concern language did Assure CPA include in Star Gold’s (SRGZ) audit reports?
Assure CPA’s audit reports for Star Gold’s fiscal years ended April 30, 2024 and 2025 contained explanatory paragraphs expressing substantial doubt about the company’s ability to continue as a going concern, while otherwise avoiding adverse opinions or qualifications on accounting principles or audit scope.
When did Star Gold’s (SRGZ) audit committee approve the new auditor engagement?
Star Gold’s audit committee approved both Assure CPA’s resignation and the engagement of Sadler, Gibb & Associates, LLC as independent registered public accounting firm on June 4, 2026, following notice of Assure CPA’s merger into Sadler Gibb on June 3, 2026.
Did Star Gold (SRGZ) previously consult Sadler Gibb on accounting matters before hiring them?
Star Gold reports that during fiscal 2024, 2025, and through June 3, 2026, neither the company nor its representatives consulted Sadler, Gibb & Associates, LLC on applying accounting principles, potential audit opinions, or any matters involving disagreements or reportable events.
What mining project does Star Gold Corp. (SRGZ) highlight in this filing?
Star Gold highlights its 100% owned Longstreet Gold-Silver Project in Nye County, Nevada, describing it as a U.S.-focused precious metals asset covering approximately 2,600 acres across 137 unpatented mining claims plus 5 additional unpatented claims.