v3.25.2
Segment Information
6 Months Ended
Jun. 30, 2025
Segment Information  
Segment Information

Note 13 – Segment Information

 

The Company operates as a single reporting segment engaged in the exploration of its properties. The Chief Operating Decision Makers are the Company's Chief Executive Officer (“CODM”) who evaluates company performance based on Net income (loss), determined in accordance with U.S. GAAP, and other non-financial measures to determine the economic viability of the Company’s exploration properties. Assets and liabilities are not separately analyzed or reported to the CODM and are not used to assist in decisions surrounding resource allocation and assessment of segment performance. As such, an analysis of segment assets and liabilities has not been included in this financial information. The CODM uses the above measures to assess profitability and guide resource allocations

 

The CODM conducts monthly financial reviews, focusing on operational efficiency across the Company's operations. Investment decisions, including capital expenditures for exploration and property acquisitions, are made based on expected return on investment and regulatory considerations in the jurisdictions that the Company operates.

 

The following represents segment information for the Company’s single operating segment, for the periods presented:

 

 

 

Six Months

Ended

June 30, 2025

 

Revenue

 

$-

 

 

 

 

 

 

Professional fees

 

 

42,624

 

Depreciation

 

 

3,666

 

Exploration

 

 

11,780

 

Consulting fees – related party

 

 

190,000

 

Consulting fees

 

 

36,000

 

Transfer agent and filing fees

 

 

10,899

 

Travel

 

 

1,847

 

General and administrative

 

 

13,065

 

Other items

 

 

69,887

 

 

 

 

 

 

Loss

 

$379,768