Note 18 – Subsequent Events

Management has evaluated events and transactions subsequent to the balance sheet date through the date of this report (the day the financial statements were available to be issued) for potential recognition or disclosure in the financial statements.

Subsequent to March 31, 2026, the Company evaluated various financing alternatives in connection with its proposed strategic expansion into the critical minerals and battery materials sector, including potential equity-based financing transactions, private placements, and other capital raising initiatives to fund the development and advancement of the Nachu Graphite Project in Tanzania and related corporate initiatives. Such potential financing structures may include the issuance of common stock, preferred stock, convertible securities, warrants, or other equity-linked instruments, whether issued in one or more tranches and with or without registration rights.

Nachu Graphite Project – Tanzania

On April 29, 2026, the Company issued a press release announcing its proposed acquisition and development of the Nachu Graphite Project located in Tanzania. The Company disclosed that the Nachu Graphite Project is an advanced-stage graphite development asset intended to support the Company’s strategic expansion into the critical minerals and battery anode materials sector. The Company further disclosed that the proposed transaction remains subject to the execution of definitive agreements, completion of due diligence, receipt of regulatory approvals, financing arrangements and other customary closing conditions. As of the filing date of these financial statements, the proposed acquisition had not been consummated and no amounts related to the proposed transaction had been recorded in the accompanying financial statements.

Sagol Advisors Credit Facility

On May 5, 2026, the Company issued a press release announcing that it had entered into a non-convertible private placement credit facility with Sagol Advisors providing for borrowings of up to $20 million (the “Sagol Credit Facility”). The Company disclosed that the Sagol Credit Facility does not contain any conversion features, warrants or other equity participation rights. The Company further disclosed that proceeds from the Sagol Credit Facility are intended to support the proposed acquisition and development of the Nachu Graphite Project and the Company’s broader strategic expansion into the critical minerals sector. The Company disclosed the Sagol Credit Facility in a Current Report on Form 8-K filed with the Securities and Exchange Commission on May 5, 2026. As of the filing date of these financial statements, no amounts had been drawn under the Sagol Credit Facility.