v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 97,450,405 $ 64,837,617
Restricted cash 107,193 106,365
Derivative contract asset 444,909 0
Prepaid expenses and other 3,950,115 3,290,962
Income taxes receivable 106,244 106,244
Total current assets 102,058,866 68,341,188
LONG-TERM ASSETS:    
Investment in Peak Gold, LLC 50,866,961 47,108,733
Property & equipment, net 339,618,813 52,065,293
Marketable securities 3,701,784 4,436,013
Total long-term assets 394,187,558 103,610,039
TOTAL ASSETS 496,246,424 171,951,227
CURRENT LIABILITIES:    
Accounts payable 2,503,684 1,014,233
Accrued liabilities 2,287,079 4,336,813
Liability on flow-through share issuances 4,989,580 0
Royalty reimbursement advance 148,782 488,045
Derivative contract liability 58,251,663 66,465,622
Debt, current portion 12,000,000 4,000,000
Total current liabilities 80,180,788 76,304,713
NON-CURRENT LIABILITIES:    
Asset retirement obligations 127,976 123,444
Contingent consideration liability 2,835,752 2,757,952
Derivative contract liability 13,946,223 37,191,718
Debt non-current portion, net 20,974,904 29,857,758
Deferred tax liability 56,652,798 617,353
Total non-current liabilities 94,537,653 70,548,225
TOTAL LIABILITIES 174,718,441 146,852,938
COMMITMENTS AND CONTINGENCIES (NOTE 11)
STOCKHOLDERS' EQUITY:    
Preferred Stock
Additional paid-in capital 548,735,513 238,155,692
Treasury stock at cost (2,480 at March 31, 2026; and 2,480 shares at December 31, 2025) (48,308) (48,308)
Accumulated deficit (227,464,372) (213,158,782)
TOTAL STOCKHOLDERS' EQUITY 321,527,983 25,098,289
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 496,246,424 171,951,227
Series A Special Voting Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred Stock
Common Stock [Member]    
STOCKHOLDERS' EQUITY:    
Common Stock 305,150 149,687
Exchangeable Shares [Member]    
STOCKHOLDERS' EQUITY:    
Common Stock $ 0 $ 0