v3.26.1
Acquisition of Greenland Mines Corp (Tables)
 3 Months Ended
Mar. 31, 2026
Acquisition of Greenland Mines Corp [Abstract]  
Schedule of Consideration Transferred Totaled

The fair value of the consideration transferred, which was more reliably measurable than the fair value of the mineral rights, totaled approximately $48.4 million and was determined as summarized in the table below:

 

Fair value of consideration transferred    
Cash (CAD$500,000 converted in USD)  $365,324 
Fair value of preferred stock C (47,940 shares)   47,940,000 
Total consideration transferred   48,305,324 
Transaction costs of the asset acquisition (a)   111,150 
Total acquisition costs  $48,416,474 
      
Greenland’s identifiable assets acquired and liabilities assumed     
Mineral rights and exploration licenses  $48,416,474 

 

(a) Transaction costs include direct costs to acquire the assets, such as fees paid to external advisors. Indirect costs not directly attributable to the acquisition of the assets have been expensed as incurred. 
Schedule of Company’s Intangible Assets and Goodwill Acquired

The following table summarizes the Company’s indefinite lived intangible asset acquired in connection with the Acquisition and their carrying value as of March 31, 2026:

 

   Acquisition
Date		       Carrying Value
as of		 
   Level 3       March 31, 
   Fair Value   Impairment   2026 
             
Mineral rights and exploration licenses  $48,416,474   $
             -
   $48,416,474 
Total long-lived assets  $48,416,474   $
-
   $48,416,474