v3.25.2
RELATED PARTY TRANSACTIONS (Tables)
 6 Months Ended
Jun. 30, 2025
Related Party Transactions [Abstract]  
SCHEDULE OF AMOUNTS DUE TO RELATED PARTIES

Amounts due to related parties at June 30, 2025 and December 31, 2024:

 

  

June 30,

2025

  

December 31,

2024

 
Amounts due to a director and Chief Financial Officer (“CFO”) (a)  $100,000   $100,000 
Amounts due to a company controlled by a director and CFO (a)   360,000    360,000 
Amounts due to companies controlled by the Chief Executive Officer (“CEO”), and chairman of the board of directors of the Company (a,b)   40,000    - 
Total related party payables  $500,000   $460,000 

 

(a) These amounts are non-interest bearing, unsecured and due on demand.
(b) This amount includes annual property payment totaling $20,000 for Agai-Pah Property due to MSM Resource, L.L.C. (“MSM”), and $20,000 for Belshazzar Property due to Belshazzar Holdings, L.L.C. (“Belshazzar”), the entities controlled by Alan Day, the Company’s CEO and director, who is also the managing member of MSM and Belshazzar. The total balance was paid in early August 2025.
SCHEDULE OF TRANSACTIONS WITH ITS RELATED PARTIES

During the three and six months ended June 30, 2025 and 2024, the Company had the following transactions with its related parties:

 

             
   Three months ended
June 30,		   Six months ended
June 30,		 
   2025   2024   2025   2024 
Director stock-based compensation incurred to the Chairman of the Board and CFO  $-   $82,059   $-   $164,118 
Director stock-based compensation incurred to a director   -    40,927    -    81,854 
Director stock-based compensation incurred to CEO and director   -    122,781    -    245,562 
Officer stock-based compensation incurred to VP of Operations   -    175,000    116,667    350,000 
Related party transactions  $-   $420,767   $116,667   $841,534