E&E ASSETS (Tables)
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6 Months Ended |
Jun. 30, 2025 |
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| E&E ASSETS |
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| Schedule of project and nature of expenditure |
| | | | | | | | | | | | | | | | | | Kelly | | Lone | | Stockade | | Fourmile | | | | | | Creek | | Mountain | | Mountain | | Basin | | Total | Balance - December 31, 2024 | | $ | 719,533 | | $ | 1,379,437 | | $ | 1,978,504 | | $ | — | | $ | 4,077,474 | E&E expenditures: | | | | | | | | | | | | | | | | Acquisition costs | | | — | | | — | | | 25,000 | | | — | | | 25,000 | Assays | | | — | | | 3,391 | | | — | | | — | | | 3,391 | Consulting | | | — | | | 106,551 | | | 55,247 | | | 650 | | | 162,448 | Field supplies and rentals | | | — | | | 2,274 | | | 1,255 | | | — | | | 3,529 | Field work | | | — | | | 346 | | | 5,951 | | | — | | | 6,297 | Government payments | | | — | | | — | | | 3,324 | | | — | | | 3,324 | Share-based compensation | | | 6,815 | | | 6,816 | | | 6,816 | | | — | | | 20,447 | Technical and assessment reports | | | — | | | 750 | | | — | | | — | | | 750 | Travel | | | — | | | 9,452 | | | 1,300 | | | 120 | | | 10,872 | Write-off of E&E assets | | | — | | | — | | | — | | | (770) | | | (770) | Total E&E expenditures | | | 6,815 | | | 129,580 | | | 98,893 | | | — | | | 235,288 | Balance - June 30, 2025 | | $ | 726,348 | | $ | 1,509,017 | | $ | 2,077,397 | | $ | — | | $ | 4,312,762 |
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| Kelly Creek |
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| E&E ASSETS |
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| Schedule of minimum payments |
| | | | | | September 16, 2021 | | $ | 30,000 | | Paid | September 16, 2022 | | $ | 30,000 | | Paid | September 16, 2023 | | $ | 30,000 | | Paid | September 16, 2024 | | $ | 20,000 | | Paid | September 16, 2025 | | $ | 20,000 | | | September 16, 2026 | | $ | 25,000 | | | September 16, 2027 and every year thereafter | | $ | 30,000 | | |
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| Lone Mountain |
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| E&E ASSETS |
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| Schedule of pre-production payments |
| | | | | | Signing of the lease | | $ | 80,000 | | Paid | November 1, 2021 | | $ | 30,000 | | Paid | November 1, 2022 | | $ | 20,000 | | Paid | November 1, 2023 | | $ | 20,000 | | Paid | November 1, 2024 | | $ | 30,000 | | Paid | November 1, 2025 and every year thereafter(1) | | $ | 30,000 | | |
| (1) | Pre-production payments increase by $10,000 every year after November 1, 2025 to a maximum of $200,000. |
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| Schedule of required minimum annual E&E expenditures on the project / property |
| | | | | | September 1, 2024 | | $ | 150,000 | | Completed | September 1, 2025 | | $ | 250,000 | | Completed | September 1, 2026 | | $ | 300,000 | | In progress | September 1, 2027 | | $ | 300,000 | | In progress | September 1, 2028 | | $ | 400,000 | | In progress | September 1, 2029(1) | | $ | 400,000 | | In progress |
| (1) | The work commitment terminates when $1,800,000 has been spent on the property. |
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| Stockade Mountain |
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| E&E ASSETS |
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| Schedule of pre-production payments |
| | | | | | May 16, 2022 | | $ | 15,000 | | Paid | November 16, 2022 | | $ | 10,000 | | Paid | May 16, 2023 | | $ | 10,000 | | Paid | November 16, 2023 | | $ | 15,000 | | Paid | May 16, 2024 | | $ | 15,000 | | Paid | November 16, 2024 | | $ | 25,000 | | Paid | May 16, 2025 | | $ | 25,000 | | Paid | November 16, 2025 and every six months thereafter | | $ | 25,000 | | |
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