Business Summary: Pelangio Exploration Inc. is a Canadian junior gold exploration company with land packages located in gold belts in Ghana, West Africa and Canada. In Ghana, the Company is focused on its two 100%-owned camp-sized properties: the 100 square kilometers Manfo property, located on Ghana’s prodigious Sefwi Greenstone Belt, and the 284 square kilometers Obuasi property, located in the Ashanti Gold Belt. The Manfo project is located in the Sefwi-Bibiani greenstone belts of the Paleoproterozoic Birimian of southwest Ghana, about 15 km southeast of Newmont's Ahafo gold mine. Its Canadian properties include Grenfell, Mann, Birch Lake, Gowan, Poirier, Seeley and Thunder Gold. The Grenfell property is located in Grenfell Township, Ontario. It has also entered into an agreement to acquire a 100% interest in the Dankran property located on the northeastern corner of the Company’s Obuasi project and an over 83% interest in the Nkosuo Mining Lease contiguous to the southern end of the Manfo Project.
Financial Summary: BRIEF: For the three months ended 31 March 2026, Pelangio Exploration Inc. revenues was not reported. Net loss increased from C$205K to C$1.9M. Higher net loss reflects Exploration and evaluation expenses increase from C$241K to C$757K (expense), Share-based compensation increase from C$29K to C$449K (expense), Management compensation increase from C$29K to C$344K (expense). Basic Earnings per Share excluding Extraordinary Items totaled to -C$0.01.