v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Revenue    
Metal recovery and sales $ 0 $ 34,070
Total revenue 0 34,070
Operating expenses    
Cost of coal sales and processing 306,639 530,891
Depreciation 122,916 123,253
General and administrative 9,557,890 11,417,208
Professional fees 478,449 1,735,305
Litigation expense 720,283 0
Production taxes and royalties 14,851 11,638
Development 107,507 434,793
Total operating expenses 11,308,535 14,253,088
Net loss from operations (11,308,535) (14,219,018)
Other income (expense)    
Losses from equity method investees (84,063) (409,268)
Loss on debt extinguishment (5,193,382) 0
Other income and (expense) (61,927) 110,060
Interest income 577,526 78,791
Interest expense (1,764,115) (1,521,726)
Total other income (expenses) (6,525,961) (1,742,143)
Loss from continuing operations (17,834,496) (15,961,161)
Income (loss) from discontinued operations (Note 2 73,219,707 (23,242,809)
Net income (loss) 55,385,211 (39,203,970)
Net loss attributable to non-controlling interest 26,526 87,814
Net income (loss) attributable to ARC shareholders $ 55,411,737 $ (39,116,156)
Loss from continuing operations per share, basic and diluted $ (0.20) $ (0.21)
Income (loss) from discontinued operations per share, basic and diluted 0.84 (0.30)
Total income (loss) per share, basic and diluted $ 0.63 $ (0.51)
Weighted average shares outstanding - basic and diluted 87,274,415 77,222,990