| Notes Payable |
10. Notes Payable At June 30, 2025 and December 31, 2024, notes payable are as follows: | | June 30, 2025 | | | December 31, 2024 | | Mine Equipment | | | | | | | Monthly payments of $107,574 and $55,803 as of June 30, 2025 and December 31, 2024, respectively | | $ | 2,451,508 | | | $ | 962,384 | | Mill Equipment | | | | | | | | | Monthly payments of $15,621 and $11,498 as of June 30, 2025 and December 31, 2024, respectively | | | 606,299 | | | | 540,773 | | Buildings/Land | | | | | | | | | Monthly payments of $2,500 and $2,500 as of June 30, 2025 and December 31, 2024, respectively | | | 221,861 | | | | 229,582 | | Total notes payable | | | 3,279,668 | | | | 1,732,739 | | Due within one year | | | 1,254,269 | | | | 709,381 | | Due after one year | | $ | 2,025,399 | | | $ | 1,023,358 | |
All notes are collateralized by the property or equipment purchased in connection with each note. Future principal payments of notes payable at June 30, 2025 are as follows: 7/1/2025 – 6/30/2026 | | $ | 1,254,269 | | 7/1/2026 – 6/30/2027 | | | 1,022,795 | | 7/1/2027 – 6/30/2028 | | | 511,630 | | 7/1/2028 – 6/30/2029 | | | 331,468 | | 7/1/2029 – 6/30/2030 | | | 159,506 | | Total | | $ | 3,279,668 | |
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