v3.25.2
Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows used in operating activities    
Net loss $ (1,247,387) $ (1,704,774)
Adjustment to reconcile net loss to net cash used in operating activities:    
Fair value gain on equity investments (3,305) (18,674)
Stock-based compensation - directors and CEO 491,534
Stock-based compensation - consultants 233,334 233,334
Stock-based compensation - officer 116,667 350,000
Stock-based compensation - investor awareness and marketing 100,275
Exploration expenses associated with settlement of note and interest receivable 202,835
Gain on sale of mineral property interest (20,000)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 23,935 (2,325)
Accounts payable and accrued liabilities 30,317 (18,040)
Net cash used in operating activities (663,604) (568,670)
INVESTING ACTIVITIES:    
Proceeds received from sale of mineral property interest 100,000
Aquisition of mineral property and royalty interests (20,000) (495,000)
Net cash provided by (used in) investing activities 80,000 (495,000)
FINANCING ACTIVITIES:    
Proceeds from sale of common stock 288,149
Proceeds from the exercise of warrants 428,850
Share issuance costs (2,686)
Net cash provided by financing activities 288,149 426,164
Net decrease in cash (295,455) (637,506)
Cash at beginning of period 7,036,161 9,744,392
Cash at end of period 6,740,706 9,106,886
NONCASH INVESTING AND FINANCING ACTIVITIES:    
Shares of common stock issued for prepaid share issuance costs 75,000
Settlement of note and interest receivable via reduction in exploration expenditures commitment 202,835
Mineral interests acquired with related party payables, net $ 40,000 $ 40,000