v3.26.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (13,857,203) $ (2,116,726)
Adjustments to reconcile net loss to net cash used in operating activities:    
Changes in fair value of derivative liability 2,314,353 (13,515)
Impairment on intangible assets 2,045,253
Interest expense 1,615 545,882
Payments to non-employees related to acquisition (535,000)
Stock-based compensation 5,107,399 495,500
Changes in operating assets and liabilities:    
Prepaid expenses (749,947) (27,773)
Accounts payable 106,505 2,863
Accrued expenses 75,929 (431,079)
Notes payable to related parties 294,541 (31,000)
Other assets 225,413
Other liabilities 22,101
Net cash used in operating activities (4,971,143) (1,553,747)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of mineral rights and exploratory licenses (365,324)
Net cash used in investing activities (365,324)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sale of securities, net of offering costs 7,750,000
Proceeds from convertible promissory note, net of issuance cost 2,075,000
Payments for deferred financing costs (25,000)
Proceeds from FPA settlement 412,329 46,100
Payments on financed director and officer insurance (40,225)
Net cash provided by financing activities 8,162,329 2,055,875
NET CHANGE IN CASH 2,825,862 502,128
Cash - Beginning of period 7,176,615 63,741
Cash - End of period 10,002,477 565,869
SUPPLEMENTAL NON-CASH FINANCING AND INVESTING ACTIVITIES:    
Note payable settled with issuance of common stock 326,087
Interest payable settled with issuance of common stock 22,826
Issuance of warrants 679,577
Non-cash acquisition of mineral licenses with preferred shares 48,416,474
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest Paid
Taxes Paid