$NGLD

Tech Foundry Ventures, Inc.

CIK:0001605481|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Operating expenses
Consulting fees	$ 22,501	$ 134,166	$ 122,778	$ 258,333
Director and officer compensation	129,541		257,658	116,667
Exploration expenses	349,439	103,956	433,570	374,640
Gain on sale of mineral interest		(20,000)		(20,000)
General and administrative	19,076	19,989	42,601	38,062
Investor awareness and marketing	24,934	154,776	54,644	542,126
Professional fees	6,018	13,270	14,609	33,962
Transfer agent and filing fees	11,115	22,508	21,762	34,110
Total operating expenses	562,624	428,665	947,622	1,377,900
Other income (expense)
Fair value gain (loss) on equity investments	(25,544)	1,471	(3,178)	3,305
Foreign exchange loss	(420)	(498)	(942)	(498)
Interest income	37,853	62,575	77,140	127,706
Total other income	11,889	63,548	73,020	130,513
Net loss	$ 550,735	$ 365,117	$ 874,602	$ 1,247,387
Net loss per common share - basic	$ 0.02	$ 0.01	$ 0.03	$ 0.04
Net loss per common share - diluted	$ 0.02	$ 0.01	$ 0.03	$ 0.04
Weighted average number of common shares outstanding :
Basic	28,593,327	27,982,215	28,557,109	27,777,993
Diluted	28,593,327	27,982,215	28,557,109	27,777,993

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows used in operating activities
Net loss	$ (874,602)	$ (1,247,387)
Adjustment to reconcile net loss to net cash used in operating activities:
Exploration expenses associated with settlement of note and interest receivable		202,835
Fair value loss (gain) on equity investment	3,178	(3,305)
Gain on sale of mineral interest		(20,000)
Stock-based compensation - officer and directors	257,658
Stock-based compensation - consultants	77,778	233,334
Stock-based compensation - VP of Operations		116,667
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	(12,713)	23,935
Accounts payable and accrued liabilities	66,247	30,317
Related party payables	(50,000)
Net cash used in operating activities	(532,454)	(663,604)
INVESTING ACTIVITIES:
Proceeds received from sale of mineral property interest		100,000
Acquisition of mineral property and royalty interests		(20,000)
Net cash provided by investing activities		80,000
FINANCING ACTIVITIES:
Proceeds from sale of common stock		288,149
Net cash provided by financing activities		288,149
Net decrease in cash	(532,454)	(295,455)
Cash at beginning of period	5,455,294	7,036,161
Cash at end of period	4,922,840	6,740,706
NONCASH INVESTING AND FINANCING ACTIVITIES:
Mineral interests acquired with related party payables, net	40,000	40,000
Shares of common stock issued for prepaid share issuance costs		75,000
Settlement of note and interest receivable via reduction in exploration expenditures commitment		$ 202,835

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current Assets
Cash	$ 4,922,840	$ 5,455,294
Prepaid expenses and other current assets	60,283	47,570
Total Current Assets	4,983,123	5,502,864
Investment in equity security	86,433	89,611
Mineral property and royalty interests	2,815,395	2,775,395
TOTAL ASSETS	7,884,951	8,367,870
Current Liabilities
Accounts payable and accrued liabilities	1,003,377	937,130
Related party payables	455,000	465,000
Total Liabilities	1,458,377	1,402,130
Commitments and Contingencies (Note 4)
Stockholders’ Equity
Preferred Stock: Authorized 10,000,000 preferred shares, $0.0001 par, none issued and outstanding as of June 30, 2026 and December 31, 2025
Common Stock: Authorized 100,000,000 common shares, $0.0001 par, 28,593,327 and 28,482,216 issued and outstanding as of June 30, 2026 and December 31, 2025, respectively	2,859	2,848
Additional paid-in capital	19,753,448	19,418,023
Accumulated deficit	(13,329,733)	(12,455,131)
Total Stockholders’ Equity	6,426,574	6,965,740
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 7,884,951	$ 8,367,870