| SCHEDULE OF LOAN PAYABLE |
SCHEDULE
OF LOAN PAYABLE
| | |
Loan Payable | |
| Balance, December 31, 2023 | |
$ | — | |
| Addition | |
| 1,650,000 | |
| Original issue discount | |
| (165,000 | ) |
| Accretion of discount on loan payable | |
| 165,000 | |
| Repayment | |
| (1,650,000 | ) |
| Balance, December 31, 2024 and 2025 | |
$ | — | |
|
| SCHEDULE OF RELATED PARTY TRANSACTIONS WITH COMPANIES |
The
Company incurred the following transactions with companies that are controlled or managed by directors of the Company:
SCHEDULE
OF RELATED
PARTY TRANSACTIONS WITH COMPANIES
| | |
| | | |
| | |
| | |
For the years ended December 31, | |
| | |
2025 | | |
2024 | |
| Consulting fees and management bonus | |
$ | 51,600 | | |
$ | 51,600 | |
| Consulting and professional fees (i) | |
| 1,598,733 | | |
| 1,156,303 | |
| Legal fees | |
| 125,798 | | |
| — | |
| Rent expense | |
| 18,000 | | |
| — | |
| Share-based compensation | |
| 1,254 | | |
| — | |
| Related
Party Transactions | |
$ | 1,795,385 | | |
$ | 1,207,903 | |
The
Company has identified its directors and certain senior officers as its key management. Key management and director compensation during
the years ended December 31, 2025 and 2024, are as follows:
| | |
| | | |
| | |
| | |
For the years ended December 31, | |
| | |
2025 | | |
2024 | |
| Consulting fees and management bonus | |
$ | 2,057,121 | | |
$ | 1,259,615 | |
| Director’s fees and audit committee fees | |
| 230,000 | | |
| — | |
| Legal fees | |
| 125,798 | | |
| 246,688 | |
| Auto and rent expense (i) | |
| 133,115 | | |
| 57,561 | |
| Share-based compensation | |
| 2,057,119 | | |
| — | |
| Related
Party Transactions | |
$ | 4,603,153 | | |
$ | 1,563,864 | |
| (i) | These
expenses are included in exploration and evaluation expenditures in the consolidated statements
of comprehensive loss. |
|