| Schedule of Contractual Commitments and Obligations |
As
at December 31, 2025, the Company had the following contractual commitments and obligations:
| | |
Total | | |
Less than
1 Year | | |
Years 2 – 5 | | |
After
5 Years | |
| | |
$ | | |
$ | | |
$ | | |
$ | |
| Other lease commitments (a) | |
| 341,465 | | |
| 341,465 | | |
| – | | |
| – | |
| | |
| 341,465 | | |
| 341,465 | | |
| – | | |
| – | |
| (a) | Lease commitments represent contractual lease payments payable over future periods. |
|
| Schedule of Option Agreements Under the Assumption that the Company Continues to Exercise Options |
As
at December 31, 2025, the expected timing of payments, in respect of the Company’s option agreements under the assumption that
the Company continues to exercise its option(s) for the relevant project and agreement are as follows:
| | |
Total | | |
Less than
1 Year | | |
Year 2 | | |
Year 3 | | |
Year 4 | | |
After
4 years | |
| | |
$ | | |
$ | | |
$ | | |
$ | | |
$ | | |
$ | |
| Second Guayabales Option | |
| 5,300,000 | | |
| 250,000 | | |
| 250,000 | | |
| 250,000 | | |
| 250,000 | | |
| 4,300,000 | |
| Third Guayabales Option | |
| 7,400,000 | | |
| 1,480,000 | | |
| 1,480,000 | | |
| 1,480,000 | | |
| 1,480,000 | | |
| 1,480,000 | |
| Fourth Guayabales Option (a) | |
| 7,000,000 | | |
| – | | |
| – | | |
| 7,000,000 | | |
| – | | |
| – | |
| First San Antonio Option (b) | |
| 4,000,000 | | |
| 750,000 | | |
| 750,000 | | |
| – | | |
| – | | |
| 2,500,000 | |
| Second San Antonio Option | |
| 150,000 | | |
| 150,000 | | |
| – | | |
| – | | |
| – | | |
| – | |
| Other Option agreements (c) | |
| 2,077,947 | | |
| 1,065,970 | | |
| 1,011,977 | | |
| – | | |
| – | | |
| – | |
| Balance, end of period | |
| 25,927,947 | | |
| 3,695,970 | | |
| 3,491,977 | | |
| 8,730,000 | | |
| 1,730,000 | | |
| 8,280,000 | |
| (a) | Includes a one-time payment of $7,000,000 on October 1, 2028, to exercise
the option agreement (See Note 9 (a)(iii)). |
| (b) | Includes
a one-time payment of $2,500,000 in lieu of the NSR upon reaching commercial production (See Note 9 (b)(i)). |
| (c) | Amounts
disclosed related to the option agreements to purchase surface rights (See Note 9 (a)(iv) and 9 (a)(v)). |
|