Going Concern Considerations |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
| Going Concern Considerations | (4) Going Concern Considerations
The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern.
The Company has not yet generated significant revenues from its principal operations and has incurred operating losses as it advances its mineral asset projects. Management has historically funded operations through the issuance of equity securities, debt arrangements, and related financing activities.
In accordance with ASC 205-40, management is required to evaluate, and has evaluated, whether there are conditions or events that raise substantial doubt about the Company’s ability to continue as a going concern for a period of one year from the date the financial statements are issued.
Management’s plans include raising additional capital through equity or debt financings, advancing its mineral asset projects toward revenue-generating operations, and pursuing strategic transactions or asset-level financings. The Company has historically been successful in obtaining capital to support its operations. Management believes these plans are probable of being effectively implemented and are expected to mitigate any such conditions or events.
These conditions raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans to address these conditions include raising capital through equity or debt financings, entering into strategic partnerships or joint ventures, and monetizing mineral assets or related opportunities. The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern, and do not include any adjustments that might result from the outcome of this uncertainty. However, there can be no assurance that future financing will be available on acceptable terms or at all. |