SUBSEQUENT EVENTS |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| SUBSEQUENT EVENTS | |
| SUBSEQUENT EVENTS | 15. SUBSEQUENT EVENTS Warrant Exercises Since March 31, 2026, 243,302 shares of the Company’s common stock were issued upon the exercise of 243,302 Class C Warrants. There are no Class C Warrants outstanding subsequent to these exercises. Ferrox Critical Minerals Bridge Loan On April 23, 2026, we funded a bridge loan to Ferrox Critical Minerals, a British Virgin Islands company (“Ferrox”), in the original principal amount of $2.3 million, which loan was evidenced by that certain Convertible Promissory Note (the “Note”) issued by Ferrox to the Company. Per the terms of the Note, interest will accrue at a rate of 5.0% per annum and matures on October 30, 2026. We were paid an originate fee of $200,000.00. |