Note 20 - Subsequent Events |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | 20. Subsequent events On May 4, 2026 the Company entered into a purchase and sale agreement (the “Purchase Agreement”) with Alaska Hardrock Inc. ("AHI") to acquire 100% ownership of its Lucky Shot project by purchasing from AHI the underlying real property, mining claims and mining equipment and extinguishing the outstanding 2% net smelter returns royalty (the “NSR Royalty”) held by AHI. The consideration totaled $16,074,000, comprised of the following: • Cash deposit of $300,000 (paid); • Cash payment of $1,709,250 due on signing of the Purchase Agreement (paid); • Cash payable of $4,064,750 due on closing, which is expected to occur no later than July 1, 2026 (the "Closing Date"); and • Promissory note of $10,000,000. The promissory note bears interest at 5% per annum, compounded monthly and payable annually. It requires principal repayments of $2,000,000 on each of the second and third anniversaries of the Closing Date, with the remaining principal balance due on the fourth anniversary of the Closing Date. The loan is secured by real property, mining claims, and other assets acquired. |