FLM Minerals Inc. reported earnings results for the quarter ended May 31, 2009. For the period, the company reported a net loss of $4,431. In contrast, the company posted a net loss of $11,217 for the same quarter in the previous year.

FLM Minerals Inc. filled its Form 10-Q with the Securities and Exchange Commission. The company intends to raise finds. The company stated: “Our auditors have issued a going concern opinion. This means that there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our bills. This is because we have not generated any revenues and no revenues are anticipated until we begin removing and selling minerals. Accordingly we when we need capital, we must raise cash from sources other than the sale of minerals found on the property. Our officers and directors are unwilling to make any commitment to loan us any money at this time. At the present time, we have not made any arrangements to raise additional cash. If we need additional cash and can't raise it, we will either have to suspend activities until we do raise the cash, or cease activities entirely. Other than as described in this paragraph, we have no other financing plans. Our success or failure will be determined by what we find under the ground. We are a start-up, exploration Stage Corporation and have not yet generated or realized any revenues from our business operations. We do not own an interest in any property, but merely have the right to conduct exploration activities on one property. Even if we complete our current exploration program and it is successful in identifying a mineral deposit, we will have to spend substantial funds before we know if we have a commercially viable mineral deposit, a reserve. If we find mineralized material and it is economically feasible to remove the mineralized material, we will attempt to raise additional money through a subsequent private placement, public offering or through loans. If we do not have enough money to complete our exploration of the property, we will have to cease activities until additional funds are raised.”

FLM Minerals Inc. filed its 10-K on March 02, 2009 for the period ending November 30, 2008. In this report its auditor, Kempisty & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.