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RELATED PARTY TRANSACTIONS AND AMOUNTS DUE
12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS AND AMOUNTS DUE

5.RELATED PARTY TRANSACTIONS AND AMOUNTS DUE

 

In addition to transactions with related parties discussed elsewhere in these financial statements the following transactions occurred with related parties.

 

On February 14, 2025, the Company entered into a Debt Conversion Agreement with Lode-Star Gold Inc. (“LSG”), pursuant to which the Company and LSG settled aggregate debt of $169,645 owed by the Company to LSG through the conversion of the debt into 1,357,158 common shares of the Company.

 

At December 31, 2025, the Company had amounts due to related parties of $38,876 (2024: $144,904); with no specific terms of repayment, due to Lode Star Gold Inc., the Company’s majority shareholder, with no accrued interest payable.