v3.26.1
Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows used in operating activities    
Net loss $ (323,867) $ (882,270)
Adjustment to reconcile net loss to net cash used in operating activities:    
Exploration expenses associated with settlement of note and interest receivable 202,835
Fair value gain on equity investments (22,366) (1,834)
Stock-based compensation - officer and directors 128,117
Stock-based compensation - consultants 77,778 116,667
Stock-based compensation - VP of Operations 116,667
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (56,743) (142,249)
Accounts payable and accrued liabilities (95,571) 13,011
Net cash used in operating activities (292,652) (577,173)
INVESTING ACTIVITIES:    
Acquisition of mineral property and royalty interests (20,000)
Net cash used in investing activities (20,000)
FINANCING ACTIVITIES:    
Proceeds from sale of common stock 288,149
Net cash provided by financing activities 288,149
Net decrease in cash (292,652) (309,024)
Cash at beginning of period 5,455,294 7,036,161
Cash at end of period 5,162,642 6,727,137
NONCASH INVESTING AND FINANCING ACTIVITIES:    
Shares of common stock issued for prepaid share issuance costs 75,000
Settlement of note and interest receivable via reduction in exploration expenditures commitment $ 202,835