Note 9 - Property & Equipment

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Property & Equipment

9. Property & Equipment

The table below sets forth the book value by type of fixed asset as well as the estimated useful life:


Asset Type		Estimated Useful Life		December 31, 2025		December 31, 2024
Mineral properties		Not Depleted		$50,358,809		$48,833,661
Land		Not Depreciated		87,737		87,737
Buildings and improvements		20 - 39		1,455,546		1,455,546
Machinery and equipment		3 - 10		544,064		420,171
Vehicles		5		184,032		136,037
Computer and office equipment		5		27,731		39,560
Furniture & fixtures		5		2,270		2,270
Right of use asset		2		86,952		86,952
Less: Accumulated depreciation and amortization				(559,712)		(362,701)
Less: Accumulated impairment				(122,136)		(122,136)
Property & Equipment, net				$52,065,293		$50,577,097

Mineral properties include amounts for value beyond proved and probable reserves related to mines and exploration or pre-development interests acquired by the Company which are not depleted until the mineralized material they relate to is converted to proven and probable reserves.