| Schedule of Mineral Properties and Equipment |
| | |
Mineral properties | | |
Equipment | | |
Land improvements | | |
Total | |
| Cost | |
| | | |
| | | |
| | | |
| | |
| As of December 31, 2023 | |
$ | 58,992,286 | | |
$ | 161,326 | | |
$ | 1,015,869 | | |
$ | 60,169,481 | |
| Change in ARO estimate | |
| (523,613 | ) | |
| 0 | | |
| 0 | | |
| (523,613 | ) |
| Additions | |
| 0 | | |
| 0 | | |
| 0 | | |
| 0 | |
| As of December 31, 2024 | |
| 58,468,673 | | |
| 161,326 | | |
| 1,015,869 | | |
| 59,645,868 | |
| Change in ARO estimate | |
| (307,014 | ) | |
| 0 | | |
| 0 | | |
| (307,014 | ) |
| Additions | |
| 0 | | |
| 0 | | |
| 0 | | |
| 0 | |
| As of June 30, 2025 | |
$ | 58,161,659 | | |
$ | 161,326 | | |
$ | 1,015,869 | | |
$ | 59,338,854 | |
| | |
| | | |
| | | |
| | | |
| | |
| Accumulated depreciation | |
| | | |
| | | |
| | | |
| | |
| As of December 31, 2023 | |
$ | 0 | | |
$ | 97,427 | | |
$ | 35,376 | | |
$ | 132,803 | |
| Depreciation expense | |
| 0 | | |
| 32,265 | | |
| 11,792 | | |
| 44,057 | |
| As of December 31, 2024 | |
| 0 | | |
| 129,692 | | |
| 47,168 | | |
| 176,860 | |
| Depreciation expense | |
| 0 | | |
| 15,816 | | |
| 5,896 | | |
| 21,712 | |
| As of June 30, 2025 | |
$ | 0 | | |
$ | 145,508 | | |
$ | 53,064 | | |
$ | 198,572 | |
| | |
| | | |
| | | |
| | | |
| | |
| Net book value on June 30, 2025 | |
$ | 58,161,659 | | |
$ | 15,818 | | |
$ | 962,805 | | |
$ | 59,140,282 | |
|