v3.25.2
Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash $ 1,019,745 $ 315,001
Prepaid 109,124 38,946
Total current assets 1,128,869 353,947
Other assets    
Equipment and land improvements, net 978,623 1,000,335
Reclamation bonds 1,115,813 1,115,813
Mineral properties, net 58,161,659 58,468,673
Total other assets 60,256,095 60,584,821
Total assets 61,384,964 60,938,768
Current liabilities    
Accounts payable and accrued liabilities 972,317 623,808
Warrant liability 122,588 0
Asset retirement obligation 1,082,200 1,117,000
Total current liabilities 38,545,852 34,290,007
Long term liabilities    
Asset retirement obligation, net of current 1,477,037 1,604,138
Warrant liability 0 364,056
Total long term liabilities 1,477,037 1,968,194
Total liabilities 40,022,889 36,258,201
Stockholders’ equity    
Preferred stock,value 0 0
Common stock, 750,000,000 shares authorized, $0.0001 par value; 85,929,753 shares issued and outstanding as of 6/30/25 and 12/31/24 8,593 8,593
Additional paid in capital 64,698,172 64,495,341
Accumulated deficit (43,344,690) (39,823,367)
Total stockholders’ equity 21,362,075 24,680,567
Total liabilities and stockholders’ equity 61,384,964 60,938,768
Series A Preferred Stock    
Stockholders’ equity    
Preferred stock,value 0 0
Series B Preferred Stock    
Stockholders’ equity    
Preferred stock,value 0 0
Related Party    
Current liabilities    
Accrued liabilities - related party 1,388,069 1,130,683
Note payable and accrued interest - related party $ 34,980,678 $ 31,418,516