SCHEDULE: Myrmikan Gold Fund Boosts Star Gold Stake to 18.3%

Myrmikan Gold Fund, along with Myrmikan Capital and Daniel Oliver Jr., reported an 18.3% passive ownership stake in Star Gold Corp. as of February 26, 2026.

Summary

• Myrmikan Gold Fund, LLC, Myrmikan Capital, LLC, and Daniel Oliver Jr. (collectively, the "Reporting Persons") have reported beneficial ownership of 36,976,707 shares of Star Gold Corp. Common Stock.
• This aggregate amount represents 18.3% of Star Gold Corp.'s outstanding Common Stock.
• The beneficial ownership includes 10,000,000 shares underlying outstanding Common Stock purchase warrants.
• The percentage is based on a total of 191,737,060 shares of Common Stock outstanding as of February 26, 2026.
• Myrmikan Capital, LLC manages Myrmikan Gold Fund, LLC, and Daniel Oliver Jr. holds a 97.5% membership interest in and manages Myrmikan Capital, LLC, leading to shared beneficial ownership across all three Reporting Persons.
• The Reporting Persons certified that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of Star Gold Corp.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, indicating a significant passive investment by a specialized gold fund, which could be interpreted as confidence in Star Gold Corp.'s long-term value.

Positives

• A significant institutional investor, Myrmikan Gold Fund, has established an 18.3% passive stake, which can signal confidence in Star Gold Corp.'s long-term value proposition.
• The investment includes 10,000,000 shares underlying warrants, indicating a potential future capital inflow to Star Gold Corp. if these warrants are exercised.

Future Outlook

The filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance from Star Gold Corp. or the Reporting Persons regarding the company's future performance or strategic direction.

Industry Context

StockSavvy.ai notes that increased institutional ownership, particularly from a fund specializing in gold, could signal a positive outlook for Star Gold Corp. within the gold mining sector. This suggests that a sophisticated investor sees value in the company's assets or strategy, potentially indicating a belief in the long-term appreciation of gold prices or the company's specific projects.

Stakeholder Impact

• Shareholders: May view the significant institutional stake as a positive indicator of confidence in the company, potentially leading to increased investor interest and stability in the stock.
• Company Management: Could see this as validation of their strategy and potentially benefit from the long-term support of a large, passive institutional investor.

Key Dates

Recommendation

The filing indicates a substantial passive ownership stake by a specialized gold fund, suggesting a long-term investment perspective. While not an active control bid, this level of institutional interest typically provides a baseline of confidence, warranting a 'hold' recommendation for existing investors and a closer look for potential new investors.

Keywords

Star Gold Corp, Myrmikan Gold Fund, Myrmikan Capital, Daniel Oliver Jr, Schedule 13G, Beneficial Ownership, Common Stock, Gold Mining, Institutional Investor, Passive Investment