Patriot Gold is a small junior gold exploration company operating in the southwestern United States, focused on acquiring, exploring, and developing mineral properties. Rather than operating mines directly, Patriot Gold options or sells its properties to larger, better-capitalized operators while retaining royalty streams — specifically net smelter return (NSR) royalties, which pay Patriot Gold a percentage of gross mineral sales revenue net of smelting and refining costs. The company has sold its two most significant assets — the Moss Mine in 2016 and the Bruner gold/silver project in 2017 — retaining a 3% NSR on the Moss Mine and an NSR on Bruner. Its remaining project inventory consists of two early-stage exploration properties in Nevada: the Vernal project and the Windy Peak project, neither of which is in production. With royalty income from the Moss Mine currently suspended, Patriot Gold relies on external financing to fund operations, including C$900,000 in related-party loans at 10% interest. The company has no traditional employees, with officers, directors, and service providers handling operations on an as-needed basis. In practice, Patriot Gold functions less as an active mining business and more as a royalty holder and speculative exploration vehicle.