v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash $ 679,442 $ 170,557
Prepaid expenses and other current assets 1,703,447 259,854
Other receivables 7,766 2,262
Advance to related parties 529,948
Total current assets 2,920,603 432,673
Property, plant and equipment, net 2,861,586 2,913,509
Mineral rights 32,086,000 30,100,000
Intangible assets 93,889
Total assets 37,962,078 33,446,182
Current liabilities    
Accounts payable 8,163,927 1,847,858
Accrued expenses and other current liabilities 2,384,778 936,289
Advances payable 648,000 648,000
Convertible notes payable 3,468,563 2,472,848
Total current liabilities 15,220,416 8,006,108
Equity-linked share issuance liability 426,000
Warrants liabilities 4,843,800
Royalty obligation 2,700,000 2,700,000
Contingent consideration liability 17,100,000 17,100,000
Asset retirement obligation 17,833,000 13,937,000
Total liabilities 58,123,216 41,743,108
Commitments and contingencies (Note 19)
Stockholders’ deficit    
Preferred Shares, $0.0001 par value; 100,000,000 authorized and 0 issued and outstanding at December 31, 2025, and 2024
Additional paid-in capital 16,034,831 3,716,962
Subscription receivable (2,480,727)
Accumulated deficit (33,882,229) (11,972,315)
Accumulated other comprehensive income (loss) 163,519 (42,551)
Total stockholders’ deficit (20,161,138) (8,296,926)
Total liabilities and stockholders’ deficit 37,962,078 33,446,182
Class A ordinary Shares    
Stockholders’ deficit    
Class A Ordinary Shares, $0.0001 par value; 400,000,000 authorized and 34,677,492 and 9,776,421 issued and outstanding at December 31, 2025, and 2024, respectively 3,468 978
Related Party    
Current liabilities    
Accounts payable- related party, net $ 555,147 $ 2,101,113