v3.26.1
Consolidated Statement of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from (used in) operating activities    
Net loss $ (49,858,355) $ (26,948,922)
Items not involving cash and cash equivalents:    
Revaluation of warrants liability 10,564,475 2,115,036
Finance costs expensed 265,707 115,974
Foreign exchange (gain) loss (562,068) 1,913,870
Share-based compensation 2,785,614 1,167,109
Depreciation and amortization 808,511 339,857
Net changes in working capital items 118,993 (1,273,526)
Cash flows from (used in) operating activities (35,877,123) (22,570,602)
Cash flows from (used in) financing activities    
Cash proceeds from issuance of shares 136,988,030 47,255,102
Cash costs related to issuance of shares (4,669,266) (2,928,530)
Financing costs paid (65,849)
Cash proceeds from warrant exercises 7,857,044 4,351,656
Cash received from option exercises 1,288,714 798,706
Lease payments (730,072) (114,790)
Cash flows from (used in) financing activities 140,734,450 49,296,295
Cash flows from (used in) investing activities    
Mining concession asset (8,708,334)
Acquisition of property, plant and equipment (5,887,941) (238,925)
Intangible (60,000)
Cash flows from (used in) investing activities (14,656,275) (238,925)
Net change in cash and cash equivalents during the period 90,201,052 26,486,768
Cash and cash equivalents, opening balance 38,930,957 14,166,196
Foreign exchange effect on cash balances 515,412 (1,722,007)
Cash and cash equivalents, end of period 129,647,421 38,930,957
Non-cash transactions:    
Mining concession asset 1,874,666
Acquisition of property, plant and equipment 3,471,046
Additions of right-of-use assets (ROU) 1,930,872
Non-cash transactions $ 7,276,584