| Schedule of property, plant and equipment |
| | | | | | | | | | | | | | | Property, plant | | Mining | | Construction- | | | | | and equipment | | interests | | in-progress | | Total | Cost | | | | | | | | | | | | | Balance, January 1, 2024 | | $ | 10,317,647 | | $ | — | | $ | — | | $ | 10,317,647 | Additions – Kingsway Project | | | 350,000 | | | — | | | — | | | 350,000 | Additions - other | | | 725,082 | | | — | | | — | | | 725,082 | Balance, December 31, 2024 | | | 11,392,729 | | | — | | | — | | | 11,392,729 | Maritime Acquisition (Note 5) | | | 57,237,532 | | | 167,737,597 | | | 13,271,209 | | | 238,246,338 | Adjustment to reclamation assets | | | 1,081,882 | | | 413,457 | | | — | | | 1,495,339 | Additions – other | | | 1,366,671 | | | 658,824 | | | 1,548,182 | | | 3,573,677 | Balance, December 31, 2025 | | $ | 71,078,814 | | $ | 168,809,878 | | $ | 14,819,391 | | $ | 254,708,083 | | | | | | | | | | | | | | Accumulated Depreciation | | | | | | | | | | | | | Balance, January 1, 2024 | | $ | 2,522,417 | | $ | — | | $ | — | | $ | 2,522,417 | Depreciation | | | 813,654 | | | — | | | — | | | 813,654 | Balance, December 31, 2024 | | | 3,336,071 | | | — | | | — | | | 3,336,071 | Depreciation(1) | | | 827,879 | | | — | | | — | | | 827,879 | Balance, December 31, 2025 | | $ | 4,163,950 | | $ | — | | $ | — | | $ | 4,163,950 | | | | | | | | | | | | | | Net book value | | | | | | | | | | | | | At December 31, 2024 | | $ | 8,056,658 | | $ | — | | $ | — | | $ | 8,056,658 | At December 31, 2025 | | $ | 66,914,864 | | $ | 168,809,878 | | $ | 14,819,391 | | $ | 250,544,133 |
| (1) | Additions for the year ended December 31, 2025 include $77,341 of depreciation capitalized to inventories. |
| (2) | Maritime Acquisition amounts represent the fair values of the acquired assets at the close of the Transaction. Plant and equipment acquired includes $449,532 of right-of-use assets. |
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