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6-K 2026-03-31 2026 000-51808 Athena Gold Corporation Suite 204, 1497 Martin St., White Rock British Columbia CA V4B3WB

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<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.3in">1.</td><td style="text-align: justify">Nature of operations and going concern</td></tr></table> Athena Gold Corporation (the “Company”) was incorporated in Delaware on December 23, 2003. On March 27, 2025, the shareholders of the Company approved the re-domestication of the Company to change its corporate jurisdiction from the State of Delaware to the Province of British Columbia, Canada by means of a “merger” into a British Columbia corporation under the Delaware General Corporation Law and a “continuation” followed by an amalgamation under the Business Corporations Act (British Columbia). On April 15, 2025, the amalgamation occurred between Athena and Nova Athena and concurrently Nova Athena changed its name to Athena. The Company’s head office is at Suite 204, 1497 Martin St., White Rock, British Columbia, Canada V4B 3W8. The Company is listed on the Canadian Securities Exchange (“CSE”) trading under the symbol “ATHA” and is co-listed on the United States (“US”) OTCQB trading under the symbol “AHNRF”. After the shareholders’ approval of the re-domestication (March 27, 2025), the Company became a foreign private issuer under the United States Securities and Exchange Commission, as it is incorporated outside of the United States. The Company now files an annual Form 20-F instead of a Form 10-K, and quarterly Form 6-K instead of a 10-Q. On April 2, 2026, the Company completed a share consolidation on the basis of one (1) new common share issued for every 9.9 common shares previously held. All share and per share information has been retrospectively adjusted within these condensed interim consolidated financial statements (the “financial statements”), in addition to the financial statements for the year ended December 31, 2025. The Company is engaged in the acquisition and exploration of mineral properties and is in the process of exploring its mineral properties and has not yet determined whether its mineral properties contain mineral reserves that are economically recoverable. The Company's continuing operations and the underlying value and recoverability of the amounts shown for mineral properties are entirely dependent upon the existence of economically recoverable mineral reserves, the ability of the Company to obtain the necessary financing to complete the exploration and development of the mineral properties, obtaining the necessary permits to mine, and on future profitable production or proceeds from the disposition of the mineral properties. As of March 31, 2026, the Company had cash and cash equivalents of $2,864,372 (December 31, 2025 - $2,839,369) and working capital of $5,691,193 (December 31, 2025 - $5,783,689). A major component of the working capital consists of investments of three publicly traded companies: Carlton Precious Inc, Bravada Gold Corporation, and Mammoth Minerals Limited (Note 2). The ability of the Company to meet its obligations and continue operations is dependent on its ability to obtain additional debt or equity financing. Although the Company has been successful in raising equity capital to date, there can be no assurance that adequate or sufficient capital will be available in the future or available under terms acceptable to the Company, or that the Company will be able to liquidate its investments in an orderly fashion. These material uncertainties may cast a significant doubt about the Company’s ability to continue as a going concern.

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<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.3in">2.</td><td style="text-align: justify">Material accounting policies</td></tr></table> <p id="xdx_849_ecustom--DescriptionOfAccountingPolicyForPreparationOfFinancialStatementsPolicyTextBlock_zyjSFs5G3sgd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">Basis of presentation These financial statements have been prepared in conformity with International Accounting Standard (“IAS”) 34, Interim Financial Reporting, using the same accounting policy information as detailed in the Company’s audited annual consolidated financial statements for the year ended December 31, 2025, and do not include all the information required for full annual financial statements in accordance with IFRS Accounting Standards (“IFRS”), as issued by the International Accounting Standards Board (“IASB”). It is suggested that these financial statements be read in conjunction with the audited annual consolidated financial statements These financial statements have been prepared on a historical cost basis, except for financial instruments measured at fair value. In addition, these financial statements have been prepared using the accrual basis of accounting, except for cash flow information. Change in Presentation Currency Prior to January 1, 2026, the Company presented its financial statements in United States dollars (USD). Effective January 1, 2026, the Company changed its presentation currency to the Canadian dollar (CAD) to better reflect the Company’s business activities. In accordance with IAS 21, The Effects of Changes in Foreign Exchange Rates, all periods presented in these financial statements have been translated into CAD. The consolidated statements of income (loss) and comprehensive income (loss) and the consolidated statements of cash flows for each period have been translated into the presentation currency using the average exchange rate prevailing during each period. All monetary assets and liabilities have been translated using the exchange rate prevailing at the statement of financial position dates, and all transactions within non-monetary assets and liabilities and equity have been translated using average exchange rates in effect for the periods covering their underlying transactions. A cumulative translation adjustment is recognized in the financial statements when an entity’s presentation currency differs from its functional currency. As a result of the Company presenting its financial statements in CAD for all periods herein, which differs from the Company’s functional currency being USD as at and for the year ended December 31, 2025 and as at January 1, 2025 (and all prior periods), a cumulative translation adjustment is recognized in the statements of financial position as at December 31, 2025 and January 1, 2025. As at January 1, 2026, the Company eliminated its cumulative translation adjustment upon aligning its presentation and functional currency effective January 1, 2026. Change in Functional Currency In light of the Company’s recent acquisitions of mineral properties located in Canada coupled with its re-domestication into Canada, the Company reassessed its functional currency and concluded it to be CAD. The change in functional currency was effective as of January 1, 2026. Prior to January 1, 2026, the functional currency of the Company was the USD. The change in functional currency is due to the increased exposure to CAD as a result of its redirected strategic focus in the acquisition and exploration of Canadian mineral property interests. The Company’s operating activities are also predominantly in Canada with exposure to CAD. Principles of consolidation These financial statements include the accounts of the Company and its wholly owned subsidiaries, Nubian Resources USA (“Nubian USA”), and Last Bounty Gold Corp. (acquired on March 12, 2026) (Note 3). Both subsidiaries are inactive holding companies with no material assets, liabilities or expenses. Subsidiaries are entities controlled by the Company and are included in the financial statements from the date that control commences until the date that control ceases. The Company controls an investee when it is exposed, or has the rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. The accounting policies of investees are changed where necessary to align them with the policies adopted by the Company. Inter-company balances and transactions, and any unrealized income and expenses arising from inter-company transactions, are eliminated in preparing the financial statements. Material accounting policies The accounting policies, estimates and critical judgments, methods of computation and presentation applied in these financial statements are consistent with those of the most recent audited annual consolidated financial statements and are those the Company expects to adopt in its consolidated financial statements for the year ended December 31, 2026. Accordingly, these financial statements should be read in conjunction with the Company’s most recent audited annual consolidated financial statements. Initial adoption of IFRS Accounting Standards The Company’s financial statements for the year ended December 31, 2025, were the first annual consolidated financial statements that it prepared in compliance with IFRS. The financial statements for the three and six months ended June 30, 2025, were the first condensed interim consolidated financial statements prepared by the Company in accordance with IFRS. For periods up to and including the three months ended March 31, 2025, the Company prepared its financial statements in accordance with United States Generally Accepted Accounting Principles (“US GAAP”). Additionally, the Company’s financial statements have been retroactively prepared in accordance with IFRS Accounting Standards effective January 1, 2023. This note explains the adjustments made by the Company in restating its US GAAP financial statements, from the transition date of January 1, 2023, and the effects on its statement of financial position as at January 1, 2025, the earliest comparative date presented on the statements of financial position. In prior periods, a portion of the warrant liability had been presented as non-current based on guidance consistent with US GAAP, under which liabilities may be classified as non-current when settlement is not expected within one year. The Company determined that this presentation was not consistent with IFRS requirements and has restated the comparative statements of financial position through to January 1, 2025, to reclassify the warrant liability from non-current to current. This reclassification affected presentation only and had no impact on total liabilities, shareholders’ equity, profit or loss, or cash flows. 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font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 45%; text-align: left">January 1, 2025 - Current warrant liability</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_eifrs-full--CurrentWarrantLiability_iI_c20250102__ifrs-full--RetrospectiveApplicationAndRetrospectiveRestatementAxis__ifrs-full--PreviouslyStatedMember_zjNRpIhIUpf6" style="width: 13%; text-align: right" title="Current warrant liability">361,501</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98B_eifrs-full--CurrentWarrantLiability_iI_c20250102__ifrs-full--RetrospectiveApplicationAndRetrospectiveRestatementAxis__custom--AdjustmentMember_zRDDkkpsGZBa" style="width: 13%; text-align: right" title="Current warrant liability">495,749</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98E_eifrs-full--CurrentWarrantLiability_iI_c20250102_zTgPwhJrvu0e" style="width: 13%; text-align: right" title="Current warrant liability">857,250</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; text-align: left">January 1, 2025 - Non-current warrant liability</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_eifrs-full--NoncurrentWarrantLiability_iI_c20250102__ifrs-full--RetrospectiveApplicationAndRetrospectiveRestatementAxis__ifrs-full--PreviouslyStatedMember_z7KrqTepmdMd" style="border-bottom: Black 1pt solid; text-align: right" title="Non-current warrant liability">495,749</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eifrs-full--NoncurrentWarrantLiability_iI_c20250102__ifrs-full--RetrospectiveApplicationAndRetrospectiveRestatementAxis__custom--AdjustmentMember_z9qIAXD8n3Bj" style="border-bottom: Black 1pt solid; text-align: right" title="Non-current warrant liability">(495,749</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eifrs-full--NoncurrentWarrantLiability_iI_d0_c20250102_zfBQAMSxmsc7" style="border-bottom: Black 1pt solid; text-align: right" title="Non-current warrant liability">–</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> </table> Financial Instruments – Investment in securities The Company has the following common share investments in publicly traded companies: <table cellpadding="0" cellspacing="0" id="xdx_882_eifrs-full--DisclosureOfFairValueOfFinancialInstrumentsExplanatory_zhb2TZHVumA3" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.3in" summary="xdx: Disclosure - Material accounting policies (Details - Investments in equity instruments)"> <tr style="vertical-align: bottom"> <td>Schedule of investments in equity instruments</td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">March 31, 2026</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td><td style="border-bottom: Black 1pt solid"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Number of</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Fair</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center">Number of</td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center">Fair</td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Shares</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Cost</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Value</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center">Shares</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Cost</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Value</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">#</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">#</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 23%; text-align: left">Carlton Precious Inc.</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_ecustom--NumberOfSharesInvestmentsInEquity_iI_c20260331__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_zmaLGnkgoiR4" style="width: 10%; text-align: right" title="Number of shares investments in equity">6,595,334</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_c20260331__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_zNwCNaH5Ltjb" style="width: 9%; text-align: right" title="Cost of investments in equity">428,697</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98B_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_c20260331__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_zCWoHPqgUiI9" style="width: 9%; text-align: right" title="Fair value of investments in equity">791,440</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_ecustom--NumberOfSharesInvestmentsInEquity_iI_c20251231__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_za6uZx7mu2X1" style="width: 9%; text-align: right" title="Number of shares investments in equity">6,755,334</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98A_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_c20251231__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_zPZmnXyDvx9f" style="width: 9%; text-align: right" title="Cost of investments in equity">439,097</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_c20251231__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_zQQC3tB5kMu6" style="width: 9%; text-align: right" title="Fair value of investments in equity">945,747</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Mammoth Minerals Limited</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--NumberOfSharesInvestmentsInEquity_iI_c20260331__ifrs-full--CounterpartiesAxis__custom--MammothMineralsLimitedMember_zFV5xugR2ii" style="text-align: right" title="Number of shares investments in equity">28,525,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_c20260331__ifrs-full--CounterpartiesAxis__custom--MammothMineralsLimitedMember_zSDdVt5GO6a1" style="text-align: right" title="Cost of investments in equity">2,856,640</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_c20260331__ifrs-full--CounterpartiesAxis__custom--MammothMineralsLimitedMember_zHn09zy4okMc" style="text-align: right" title="Fair value of investments in equity">1,285,707</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--NumberOfSharesInvestmentsInEquity_iI_d0_c20251231__ifrs-full--CounterpartiesAxis__custom--MammothMineralsLimitedMember_zBHbx4hj903h" style="text-align: right" title="Number of shares investments in equity">28,525,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_d0_c20251231__ifrs-full--CounterpartiesAxis__custom--MammothMineralsLimitedMember_zn7H7qiEFD19" style="text-align: right" title="Cost of investments in equity">2,856,640</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_d0_c20251231__ifrs-full--CounterpartiesAxis__custom--MammothMineralsLimitedMember_ztgBPisEIUx7" style="text-align: right" title="Fair value of investments in equity">3,015,747</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 1pt solid; text-align: left">Bravada Gold Corporation</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_ecustom--NumberOfSharesInvestmentsInEquity_iI_c20260331__ifrs-full--CounterpartiesAxis__custom--BravadaGoldCorporationMember_zZ9cfCh9bn" style="border-bottom: Black 1pt solid; text-align: right" title="Number of shares investments in equity">154,375</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_c20260331__ifrs-full--CounterpartiesAxis__custom--BravadaGoldCorporationMember_zRhvf0nS0GPi" style="border-bottom: Black 1pt solid; text-align: right" title="Cost of investments in equity">49,400</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_c20260331__ifrs-full--CounterpartiesAxis__custom--BravadaGoldCorporationMember_zvunWLpaLula" style="border-bottom: Black 1pt solid; text-align: right" title="Fair value of investments in equity">88,090</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_ecustom--NumberOfSharesInvestmentsInEquity_iI_d0_c20251231__ifrs-full--CounterpartiesAxis__custom--BravadaGoldCorporationMember_zoIHDhVICig3" style="border-bottom: Black 1pt solid; text-align: right" title="Number of shares investments in equity">154,375</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_d0_c20251231__ifrs-full--CounterpartiesAxis__custom--BravadaGoldCorporationMember_zuzzIFfMAJSd" style="border-bottom: Black 1pt solid; text-align: right" title="Cost of investments in equity">49,400</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_d0_c20251231__ifrs-full--CounterpartiesAxis__custom--BravadaGoldCorporationMember_zdIBB00MSVRa" style="border-bottom: Black 1pt solid; text-align: right" title="Fair value of investments in equity">69,065</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 2.5pt double"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_985_ecustom--NumberOfSharesInvestmentsInEquity_iI_c20260331_zKGrdl9QN6I8" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Number of shares investments in equity">35,274,709</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_983_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_c20260331_zHmUWG0qx869" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Cost of investments in equity">3,334,737</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_98F_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_c20260331_zwp8l65aAAm9" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Fair value of investments in equity">2,165,237</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_985_ecustom--NumberOfSharesInvestmentsInEquity_iI_c20251231_zAoPuemOlcXa" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of shares investments in equity">35,434,709</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98A_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_c20251231_zDTclDraJJTh" style="border-bottom: Black 2.5pt double; text-align: right" title="Cost of investments in equity">3,345,137</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_983_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_c20251231_z7B52pwEIHO3" style="border-bottom: Black 2.5pt double; text-align: right" title="Fair value of investments in equity">4,030,559</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> On February 26, 2026, Bravada announced a consolidation of its outstanding common shares on the basis of one (1) new common share issued for eight (8) common shares previously held. <div style="margin: 3pt auto; width: 100%"></div> New accounting policies Certain pronouncements have been issued by the IASB that were effective for the Company’s accounting period beginning on January 1, 2026. The adoption of these standards has not had a material impact on disclosures or amounts reported in these financial statements. Amendments to IFRS 9, Financial Instruments, and IFRS 7, Financial Instruments: Disclosures In May 2024, the IASB issued Amendments to the Classification and Measurement of Financial Instruments. The amendments clarify that a financial liability is derecognized on the settlement date and introduce an accounting policy choice to derecognize a financial liability settled using an electronic payment system before the settlement date. Other clarifications include guidance on the classification of financial assets with ESG-linked features, non-recourse loans and contractually linked instruments. Recently issued but not yet effective accounting standards The Company has not yet adopted certain new standards, amendments and interpretations to existing standards as outlined below, which have been published but are only effective for the Company’s accounting period beginning on January 1, 2027, or later periods. IFRS 18, Presentation and Disclosure in Financial Statements In April 2024, the IASB issued IFRS 18, Presentation and Disclosure in Financial Statements (“IFRS 18”). This standard aims to improve the consistency and clarity of financial statement presentation and disclosures by providing updated guidance on the structure and content of financial statements. Key changes include enhanced requirements for the presentation of financial performance, financial position, and cash flows, as well as additional disclosures to improve transparency and comparability. In addition, IFRS 18 requires entities to classify income and expenses into five categories, three of which are new – i.e. operating, investing, and financing – and the income tax and discontinued operation categories. The new standard sets out detailed requirements for classifying income and expenses into each category. The Company is currently assessing the impact that the adoption of IFRS 18 will have on its financial statements. <div style="margin: 3pt auto; width: 100%"></div>

<p id="xdx_849_ecustom--DescriptionOfAccountingPolicyForPreparationOfFinancialStatementsPolicyTextBlock_zyjSFs5G3sgd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">Basis of presentation These financial statements have been prepared in conformity with International Accounting Standard (“IAS”) 34, Interim Financial Reporting, using the same accounting policy information as detailed in the Company’s audited annual consolidated financial statements for the year ended December 31, 2025, and do not include all the information required for full annual financial statements in accordance with IFRS Accounting Standards (“IFRS”), as issued by the International Accounting Standards Board (“IASB”). It is suggested that these financial statements be read in conjunction with the audited annual consolidated financial statements These financial statements have been prepared on a historical cost basis, except for financial instruments measured at fair value. In addition, these financial statements have been prepared using the accrual basis of accounting, except for cash flow information. Change in Presentation Currency Prior to January 1, 2026, the Company presented its financial statements in United States dollars (USD). Effective January 1, 2026, the Company changed its presentation currency to the Canadian dollar (CAD) to better reflect the Company’s business activities. In accordance with IAS 21, The Effects of Changes in Foreign Exchange Rates, all periods presented in these financial statements have been translated into CAD. The consolidated statements of income (loss) and comprehensive income (loss) and the consolidated statements of cash flows for each period have been translated into the presentation currency using the average exchange rate prevailing during each period. All monetary assets and liabilities have been translated using the exchange rate prevailing at the statement of financial position dates, and all transactions within non-monetary assets and liabilities and equity have been translated using average exchange rates in effect for the periods covering their underlying transactions. A cumulative translation adjustment is recognized in the financial statements when an entity’s presentation currency differs from its functional currency. As a result of the Company presenting its financial statements in CAD for all periods herein, which differs from the Company’s functional currency being USD as at and for the year ended December 31, 2025 and as at January 1, 2025 (and all prior periods), a cumulative translation adjustment is recognized in the statements of financial position as at December 31, 2025 and January 1, 2025. As at January 1, 2026, the Company eliminated its cumulative translation adjustment upon aligning its presentation and functional currency effective January 1, 2026. Change in Functional Currency In light of the Company’s recent acquisitions of mineral properties located in Canada coupled with its re-domestication into Canada, the Company reassessed its functional currency and concluded it to be CAD. The change in functional currency was effective as of January 1, 2026. Prior to January 1, 2026, the functional currency of the Company was the USD. The change in functional currency is due to the increased exposure to CAD as a result of its redirected strategic focus in the acquisition and exploration of Canadian mineral property interests. The Company’s operating activities are also predominantly in Canada with exposure to CAD.

Principles of consolidation These financial statements include the accounts of the Company and its wholly owned subsidiaries, Nubian Resources USA (“Nubian USA”), and Last Bounty Gold Corp. (acquired on March 12, 2026) (Note 3). Both subsidiaries are inactive holding companies with no material assets, liabilities or expenses. Subsidiaries are entities controlled by the Company and are included in the financial statements from the date that control commences until the date that control ceases. The Company controls an investee when it is exposed, or has the rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. The accounting policies of investees are changed where necessary to align them with the policies adopted by the Company. Inter-company balances and transactions, and any unrealized income and expenses arising from inter-company transactions, are eliminated in preparing the financial statements.

Material accounting policies The accounting policies, estimates and critical judgments, methods of computation and presentation applied in these financial statements are consistent with those of the most recent audited annual consolidated financial statements and are those the Company expects to adopt in its consolidated financial statements for the year ended December 31, 2026. Accordingly, these financial statements should be read in conjunction with the Company’s most recent audited annual consolidated financial statements. Initial adoption of IFRS Accounting Standards The Company’s financial statements for the year ended December 31, 2025, were the first annual consolidated financial statements that it prepared in compliance with IFRS. The financial statements for the three and six months ended June 30, 2025, were the first condensed interim consolidated financial statements prepared by the Company in accordance with IFRS. For periods up to and including the three months ended March 31, 2025, the Company prepared its financial statements in accordance with United States Generally Accepted Accounting Principles (“US GAAP”). Additionally, the Company’s financial statements have been retroactively prepared in accordance with IFRS Accounting Standards effective January 1, 2023. This note explains the adjustments made by the Company in restating its US GAAP financial statements, from the transition date of January 1, 2023, and the effects on its statement of financial position as at January 1, 2025, the earliest comparative date presented on the statements of financial position. In prior periods, a portion of the warrant liability had been presented as non-current based on guidance consistent with US GAAP, under which liabilities may be classified as non-current when settlement is not expected within one year. The Company determined that this presentation was not consistent with IFRS requirements and has restated the comparative statements of financial position through to January 1, 2025, to reclassify the warrant liability from non-current to current. This reclassification affected presentation only and had no impact on total liabilities, shareholders’ equity, profit or loss, or cash flows. The restatement relates solely to the reclassification of the warrant liability between current and non-current liabilities. <table cellpadding="0" cellspacing="0" id="xdx_888_eifrs-full--DisclosureOfReclassificationOfFinancialInstrumentsExplanatory_zJBBdxfrdLyf" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.3in" summary="xdx: Disclosure - Material accounting policies (Details - Impact on equity)"> <tr style="vertical-align: bottom"> <td>Schedule of reclassification impact</td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td> </td> <td colspan="2"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">As previously</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td> </td> <td colspan="2"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">reported</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Adjustment</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Restated</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 45%; text-align: left">January 1, 2025 - Current warrant liability</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_eifrs-full--CurrentWarrantLiability_iI_c20250102__ifrs-full--RetrospectiveApplicationAndRetrospectiveRestatementAxis__ifrs-full--PreviouslyStatedMember_zjNRpIhIUpf6" style="width: 13%; text-align: right" title="Current warrant liability">361,501</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98B_eifrs-full--CurrentWarrantLiability_iI_c20250102__ifrs-full--RetrospectiveApplicationAndRetrospectiveRestatementAxis__custom--AdjustmentMember_zRDDkkpsGZBa" style="width: 13%; text-align: right" title="Current warrant liability">495,749</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98E_eifrs-full--CurrentWarrantLiability_iI_c20250102_zTgPwhJrvu0e" style="width: 13%; text-align: right" title="Current warrant liability">857,250</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; text-align: left">January 1, 2025 - Non-current warrant liability</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_eifrs-full--NoncurrentWarrantLiability_iI_c20250102__ifrs-full--RetrospectiveApplicationAndRetrospectiveRestatementAxis__ifrs-full--PreviouslyStatedMember_z7KrqTepmdMd" style="border-bottom: Black 1pt solid; text-align: right" title="Non-current warrant liability">495,749</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eifrs-full--NoncurrentWarrantLiability_iI_c20250102__ifrs-full--RetrospectiveApplicationAndRetrospectiveRestatementAxis__custom--AdjustmentMember_z9qIAXD8n3Bj" style="border-bottom: Black 1pt solid; text-align: right" title="Non-current warrant liability">(495,749</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eifrs-full--NoncurrentWarrantLiability_iI_d0_c20250102_zfBQAMSxmsc7" style="border-bottom: Black 1pt solid; text-align: right" title="Non-current warrant liability">–</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> </table> Financial Instruments – Investment in securities The Company has the following common share investments in publicly traded companies: <table cellpadding="0" cellspacing="0" id="xdx_882_eifrs-full--DisclosureOfFairValueOfFinancialInstrumentsExplanatory_zhb2TZHVumA3" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.3in" summary="xdx: Disclosure - Material accounting policies (Details - Investments in equity instruments)"> <tr style="vertical-align: bottom"> <td>Schedule of investments in equity instruments</td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">March 31, 2026</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td><td style="border-bottom: Black 1pt solid"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Number of</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Fair</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center">Number of</td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center">Fair</td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Shares</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Cost</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Value</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center">Shares</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Cost</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Value</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">#</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">#</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 23%; text-align: left">Carlton Precious Inc.</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_ecustom--NumberOfSharesInvestmentsInEquity_iI_c20260331__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_zmaLGnkgoiR4" style="width: 10%; text-align: right" title="Number of shares investments in equity">6,595,334</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_c20260331__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_zNwCNaH5Ltjb" style="width: 9%; text-align: right" title="Cost of investments in equity">428,697</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98B_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_c20260331__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_zCWoHPqgUiI9" style="width: 9%; text-align: right" title="Fair value of investments in equity">791,440</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_ecustom--NumberOfSharesInvestmentsInEquity_iI_c20251231__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_za6uZx7mu2X1" style="width: 9%; text-align: right" title="Number of shares investments in equity">6,755,334</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98A_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_c20251231__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_zPZmnXyDvx9f" style="width: 9%; text-align: right" title="Cost of investments in equity">439,097</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_c20251231__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_zQQC3tB5kMu6" style="width: 9%; text-align: right" title="Fair value of investments in equity">945,747</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Mammoth Minerals Limited</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--NumberOfSharesInvestmentsInEquity_iI_c20260331__ifrs-full--CounterpartiesAxis__custom--MammothMineralsLimitedMember_zFV5xugR2ii" style="text-align: right" title="Number of shares investments in equity">28,525,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_c20260331__ifrs-full--CounterpartiesAxis__custom--MammothMineralsLimitedMember_zSDdVt5GO6a1" style="text-align: right" title="Cost of investments in equity">2,856,640</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_c20260331__ifrs-full--CounterpartiesAxis__custom--MammothMineralsLimitedMember_zHn09zy4okMc" style="text-align: right" title="Fair value of investments in equity">1,285,707</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--NumberOfSharesInvestmentsInEquity_iI_d0_c20251231__ifrs-full--CounterpartiesAxis__custom--MammothMineralsLimitedMember_zBHbx4hj903h" style="text-align: right" title="Number of shares investments in equity">28,525,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_d0_c20251231__ifrs-full--CounterpartiesAxis__custom--MammothMineralsLimitedMember_zn7H7qiEFD19" style="text-align: right" title="Cost of investments in equity">2,856,640</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_d0_c20251231__ifrs-full--CounterpartiesAxis__custom--MammothMineralsLimitedMember_ztgBPisEIUx7" style="text-align: right" title="Fair value of investments in equity">3,015,747</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 1pt solid; text-align: left">Bravada Gold Corporation</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_ecustom--NumberOfSharesInvestmentsInEquity_iI_c20260331__ifrs-full--CounterpartiesAxis__custom--BravadaGoldCorporationMember_zZ9cfCh9bn" style="border-bottom: Black 1pt solid; text-align: right" title="Number of shares investments in equity">154,375</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_c20260331__ifrs-full--CounterpartiesAxis__custom--BravadaGoldCorporationMember_zRhvf0nS0GPi" style="border-bottom: Black 1pt solid; text-align: right" title="Cost of investments in equity">49,400</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_c20260331__ifrs-full--CounterpartiesAxis__custom--BravadaGoldCorporationMember_zvunWLpaLula" style="border-bottom: Black 1pt solid; text-align: right" title="Fair value of investments in equity">88,090</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_ecustom--NumberOfSharesInvestmentsInEquity_iI_d0_c20251231__ifrs-full--CounterpartiesAxis__custom--BravadaGoldCorporationMember_zoIHDhVICig3" style="border-bottom: Black 1pt solid; text-align: right" title="Number of shares investments in equity">154,375</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_d0_c20251231__ifrs-full--CounterpartiesAxis__custom--BravadaGoldCorporationMember_zuzzIFfMAJSd" style="border-bottom: Black 1pt solid; text-align: right" title="Cost of investments in equity">49,400</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_d0_c20251231__ifrs-full--CounterpartiesAxis__custom--BravadaGoldCorporationMember_zdIBB00MSVRa" style="border-bottom: Black 1pt solid; text-align: right" title="Fair value of investments in equity">69,065</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 2.5pt double"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_985_ecustom--NumberOfSharesInvestmentsInEquity_iI_c20260331_zKGrdl9QN6I8" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Number of shares investments in equity">35,274,709</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_983_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_c20260331_zHmUWG0qx869" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Cost of investments in equity">3,334,737</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_98F_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_c20260331_zwp8l65aAAm9" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Fair value of investments in equity">2,165,237</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_985_ecustom--NumberOfSharesInvestmentsInEquity_iI_c20251231_zAoPuemOlcXa" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of shares investments in equity">35,434,709</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98A_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_c20251231_zDTclDraJJTh" style="border-bottom: Black 2.5pt double; text-align: right" title="Cost of investments in equity">3,345,137</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_983_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_c20251231_z7B52pwEIHO3" style="border-bottom: Black 2.5pt double; text-align: right" title="Fair value of investments in equity">4,030,559</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> On February 26, 2026, Bravada announced a consolidation of its outstanding common shares on the basis of one (1) new common share issued for eight (8) common shares previously held. <div style="margin: 3pt auto; width: 100%"></div>

<table cellpadding="0" cellspacing="0" id="xdx_888_eifrs-full--DisclosureOfReclassificationOfFinancialInstrumentsExplanatory_zJBBdxfrdLyf" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.3in" summary="xdx: Disclosure - Material accounting policies (Details - Impact on equity)"> <tr style="vertical-align: bottom"> <td>Schedule of reclassification impact</td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td> </td> <td colspan="2"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">As previously</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td> </td> <td colspan="2"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">reported</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Adjustment</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Restated</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 45%; text-align: left">January 1, 2025 - Current warrant liability</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_eifrs-full--CurrentWarrantLiability_iI_c20250102__ifrs-full--RetrospectiveApplicationAndRetrospectiveRestatementAxis__ifrs-full--PreviouslyStatedMember_zjNRpIhIUpf6" style="width: 13%; text-align: right" title="Current warrant liability">361,501</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98B_eifrs-full--CurrentWarrantLiability_iI_c20250102__ifrs-full--RetrospectiveApplicationAndRetrospectiveRestatementAxis__custom--AdjustmentMember_zRDDkkpsGZBa" style="width: 13%; text-align: right" title="Current warrant liability">495,749</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98E_eifrs-full--CurrentWarrantLiability_iI_c20250102_zTgPwhJrvu0e" style="width: 13%; text-align: right" title="Current warrant liability">857,250</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; text-align: left">January 1, 2025 - Non-current warrant liability</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_eifrs-full--NoncurrentWarrantLiability_iI_c20250102__ifrs-full--RetrospectiveApplicationAndRetrospectiveRestatementAxis__ifrs-full--PreviouslyStatedMember_z7KrqTepmdMd" style="border-bottom: Black 1pt solid; text-align: right" title="Non-current warrant liability">495,749</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eifrs-full--NoncurrentWarrantLiability_iI_c20250102__ifrs-full--RetrospectiveApplicationAndRetrospectiveRestatementAxis__custom--AdjustmentMember_z9qIAXD8n3Bj" style="border-bottom: Black 1pt solid; text-align: right" title="Non-current warrant liability">(495,749</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eifrs-full--NoncurrentWarrantLiability_iI_d0_c20250102_zfBQAMSxmsc7" style="border-bottom: Black 1pt solid; text-align: right" title="Non-current warrant liability">–</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> </table>

361501

495749

857250

495749

-495749

<table cellpadding="0" cellspacing="0" id="xdx_882_eifrs-full--DisclosureOfFairValueOfFinancialInstrumentsExplanatory_zhb2TZHVumA3" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.3in" summary="xdx: Disclosure - Material accounting policies (Details - Investments in equity instruments)"> <tr style="vertical-align: bottom"> <td>Schedule of investments in equity instruments</td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">March 31, 2026</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td><td style="border-bottom: Black 1pt solid"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Number of</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Fair</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center">Number of</td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center">Fair</td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Shares</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Cost</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Value</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center">Shares</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Cost</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Value</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">#</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">#</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 23%; text-align: left">Carlton Precious Inc.</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_ecustom--NumberOfSharesInvestmentsInEquity_iI_c20260331__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_zmaLGnkgoiR4" style="width: 10%; text-align: right" title="Number of shares investments in equity">6,595,334</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_c20260331__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_zNwCNaH5Ltjb" style="width: 9%; text-align: right" title="Cost of investments in equity">428,697</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98B_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_c20260331__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_zCWoHPqgUiI9" style="width: 9%; text-align: right" title="Fair value of investments in equity">791,440</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_ecustom--NumberOfSharesInvestmentsInEquity_iI_c20251231__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_za6uZx7mu2X1" style="width: 9%; text-align: right" title="Number of shares investments in equity">6,755,334</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98A_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_c20251231__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_zPZmnXyDvx9f" style="width: 9%; text-align: right" title="Cost of investments in equity">439,097</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_c20251231__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_zQQC3tB5kMu6" style="width: 9%; text-align: right" title="Fair value of investments in equity">945,747</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Mammoth Minerals Limited</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--NumberOfSharesInvestmentsInEquity_iI_c20260331__ifrs-full--CounterpartiesAxis__custom--MammothMineralsLimitedMember_zFV5xugR2ii" style="text-align: right" title="Number of shares investments in equity">28,525,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_c20260331__ifrs-full--CounterpartiesAxis__custom--MammothMineralsLimitedMember_zSDdVt5GO6a1" style="text-align: right" title="Cost of investments in equity">2,856,640</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_c20260331__ifrs-full--CounterpartiesAxis__custom--MammothMineralsLimitedMember_zHn09zy4okMc" style="text-align: right" title="Fair value of investments in equity">1,285,707</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--NumberOfSharesInvestmentsInEquity_iI_d0_c20251231__ifrs-full--CounterpartiesAxis__custom--MammothMineralsLimitedMember_zBHbx4hj903h" style="text-align: right" title="Number of shares investments in equity">28,525,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_d0_c20251231__ifrs-full--CounterpartiesAxis__custom--MammothMineralsLimitedMember_zn7H7qiEFD19" style="text-align: right" title="Cost of investments in equity">2,856,640</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_d0_c20251231__ifrs-full--CounterpartiesAxis__custom--MammothMineralsLimitedMember_ztgBPisEIUx7" style="text-align: right" title="Fair value of investments in equity">3,015,747</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 1pt solid; text-align: left">Bravada Gold Corporation</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_ecustom--NumberOfSharesInvestmentsInEquity_iI_c20260331__ifrs-full--CounterpartiesAxis__custom--BravadaGoldCorporationMember_zZ9cfCh9bn" style="border-bottom: Black 1pt solid; text-align: right" title="Number of shares investments in equity">154,375</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_c20260331__ifrs-full--CounterpartiesAxis__custom--BravadaGoldCorporationMember_zRhvf0nS0GPi" style="border-bottom: Black 1pt solid; text-align: right" title="Cost of investments in equity">49,400</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_c20260331__ifrs-full--CounterpartiesAxis__custom--BravadaGoldCorporationMember_zvunWLpaLula" style="border-bottom: Black 1pt solid; text-align: right" title="Fair value of investments in equity">88,090</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_ecustom--NumberOfSharesInvestmentsInEquity_iI_d0_c20251231__ifrs-full--CounterpartiesAxis__custom--BravadaGoldCorporationMember_zoIHDhVICig3" style="border-bottom: Black 1pt solid; text-align: right" title="Number of shares investments in equity">154,375</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_d0_c20251231__ifrs-full--CounterpartiesAxis__custom--BravadaGoldCorporationMember_zuzzIFfMAJSd" style="border-bottom: Black 1pt solid; text-align: right" title="Cost of investments in equity">49,400</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_d0_c20251231__ifrs-full--CounterpartiesAxis__custom--BravadaGoldCorporationMember_zdIBB00MSVRa" style="border-bottom: Black 1pt solid; text-align: right" title="Fair value of investments in equity">69,065</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 2.5pt double"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_985_ecustom--NumberOfSharesInvestmentsInEquity_iI_c20260331_zKGrdl9QN6I8" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Number of shares investments in equity">35,274,709</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_983_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_c20260331_zHmUWG0qx869" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Cost of investments in equity">3,334,737</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_98F_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_c20260331_zwp8l65aAAm9" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Fair value of investments in equity">2,165,237</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_985_ecustom--NumberOfSharesInvestmentsInEquity_iI_c20251231_zAoPuemOlcXa" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of shares investments in equity">35,434,709</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98A_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_c20251231_zDTclDraJJTh" style="border-bottom: Black 2.5pt double; text-align: right" title="Cost of investments in equity">3,345,137</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_983_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_c20251231_z7B52pwEIHO3" style="border-bottom: Black 2.5pt double; text-align: right" title="Fair value of investments in equity">4,030,559</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table>

6595334

428697

791440

6755334

439097

945747

28525000

2856640

1285707

28525000

2856640

3015747

154375

49400

88090

154375

49400

69065

35274709

3334737

2165237

35434709

3345137

4030559

New accounting policies Certain pronouncements have been issued by the IASB that were effective for the Company’s accounting period beginning on January 1, 2026. The adoption of these standards has not had a material impact on disclosures or amounts reported in these financial statements. Amendments to IFRS 9, Financial Instruments, and IFRS 7, Financial Instruments: Disclosures In May 2024, the IASB issued Amendments to the Classification and Measurement of Financial Instruments. The amendments clarify that a financial liability is derecognized on the settlement date and introduce an accounting policy choice to derecognize a financial liability settled using an electronic payment system before the settlement date. Other clarifications include guidance on the classification of financial assets with ESG-linked features, non-recourse loans and contractually linked instruments. Recently issued but not yet effective accounting standards The Company has not yet adopted certain new standards, amendments and interpretations to existing standards as outlined below, which have been published but are only effective for the Company’s accounting period beginning on January 1, 2027, or later periods. IFRS 18, Presentation and Disclosure in Financial Statements In April 2024, the IASB issued IFRS 18, Presentation and Disclosure in Financial Statements (“IFRS 18”). This standard aims to improve the consistency and clarity of financial statement presentation and disclosures by providing updated guidance on the structure and content of financial statements. Key changes include enhanced requirements for the presentation of financial performance, financial position, and cash flows, as well as additional disclosures to improve transparency and comparability. In addition, IFRS 18 requires entities to classify income and expenses into five categories, three of which are new – i.e. operating, investing, and financing – and the income tax and discontinued operation categories. The new standard sets out detailed requirements for classifying income and expenses into each category. The Company is currently assessing the impact that the adoption of IFRS 18 will have on its financial statements. <div style="margin: 3pt auto; width: 100%"></div>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.3in">3.</td><td style="text-align: justify">Mineral properties</td></tr></table> The Company’s mineral properties consist of exploration stage interests located in Ontario, Canada and Nevada, USA. Changes in the project carrying amounts for the three months ended March 31, 2026 and March 31, 2025, are summarized as follows: <table cellpadding="0" cellspacing="0" id="xdx_897_ecustom--DisclosureOfMineralPropertiesExplanatory_zfJVGtHVsC4c" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.3in" summary="xdx: Disclosure - Mineral properties (Details)"> <tr style="vertical-align: bottom"> <td>Schedule of mineral properties</td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">March 31,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; font-style: italic"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">2025</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Additions, net</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">2026</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 10pt; width: 45%; text-align: left">Excelsior Springs</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_988_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iS_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zm0WE1Cd4O42" style="width: 13%; text-align: right" title="Mineral properties gross beginning">4,791,780</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_987_eifrs-full--AdditionsFromAcquisitionsInvestmentProperty_d0_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zmm19pTfU0v1" style="width: 13%; text-align: right" title="Additions, net">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98E_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iE_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zsESLS5OFeOc" style="width: 13%; text-align: right" title="Mineral properties gross ending">4,791,780</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Oneman & Laird</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iS_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--LairdAndOnemanMember_zkjIIPIsxR6c" style="text-align: right" title="Mineral properties gross beginning">42,835</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--AdditionsFromAcquisitionsInvestmentProperty_d0_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--LairdAndOnemanMember_zqoin3gfVNf1" style="text-align: right" title="Additions, net">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iE_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--LairdAndOnemanMember_zE0Kxw9WFRW1" style="text-align: right" title="Mineral properties gross ending">42,835</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 1pt solid; padding-left: 10pt; text-align: left">Forester</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iS_d0_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--ForesterMember_zOqofh6HVX1i" style="border-bottom: Black 1pt solid; text-align: right" title="Mineral properties gross beginning">–</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_eifrs-full--AdditionsFromAcquisitionsInvestmentProperty_d0_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--ForesterMember_zpPtoDpW6xyl" style="border-bottom: Black 1pt solid; text-align: right" title="Additions, net">2,296,707</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iE_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--ForesterMember_zyUR0iq3E937" style="border-bottom: Black 1pt solid; text-align: right" title="Mineral properties gross ending">2,296,707</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iS_c20260101__20260331_ziWGUZ42AZb6" style="text-align: right" title="Mineral properties gross beginning">4,834,615</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--AdditionsFromAcquisitionsInvestmentProperty_d0_c20260101__20260331_zpaXXRxDZdhl" style="text-align: right" title="Additions, net">2,296,707</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iE_c20260101__20260331_zYTrK5i34kS8" style="text-align: right" title="Mineral properties gross ending">7,131,322</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 1pt solid; padding-left: 10pt; text-align: left">Elimination of cumulative translation adjustment</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_ecustom--EliminationOfCumulativeTranslationAdjustments_iS_d0_c20260101__20260331_zmdcuQVVMmOa" style="border-bottom: Black 1pt solid; text-align: right" title="Elimination of cumulative translation adjustment beginning">–</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_ecustom--EliminationOfCumulativeTranslationAdjustmentAdditionsNet_d0_c20260101__20260331_zsDWXMxaYcDc" style="border-bottom: Black 1pt solid; text-align: right" title="Elimination of cumulative translation adjustment additions, net">–</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_ecustom--EliminationOfCumulativeTranslationAdjustments_iE_d0_c20260101__20260331_zZXXr7uFSGf5" style="border-bottom: Black 1pt solid; text-align: right" title="Elimination of cumulative translation adjustment ending">778,690</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 2.5pt double; font-weight: bold">Total</td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_981_ecustom--AssetsArisingFromExplorationForAndEvaluationOfMineralResourcesNet_iS_c20260101__20260331_z60YgnTuP3Hb" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Mineral properties net beginning">4,834,615</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_987_eifrs-full--AdditionsFromAcquisitionsInvestmentProperty_d0_c20260101__20260331_zPkUJmzJ3Utc" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Additions, net">2,296,707</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_982_ecustom--AssetsArisingFromExplorationForAndEvaluationOfMineralResourcesNet_iE_c20260101__20260331_z90ZfQs5Zhi8" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Mineral properties net ending">7,910,012</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.3in"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="text-align: center">December 31,</td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center">March 31,</td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="text-align: center">2024</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Additions</td><td> </td><td> </td> <td colspan="2" style="text-align: center">2025</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 2.5pt double; padding-left: 10pt; width: 45%; text-align: left">Excelsior Springs</td><td style="border-bottom: Black 2.5pt double; width: 2%"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left"> </td><td id="xdx_986_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iS_c20250101__20250331__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zKhWbsJfxeg" style="border-bottom: Black 2.5pt double; width: 13%; text-align: right" title="Mineral properties gross beginning">7,840,981</td><td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; width: 2%"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left"> </td><td id="xdx_983_eifrs-full--AdditionsFromAcquisitionsInvestmentProperty_d0_c20250101__20250331__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zF4w63Y8QZl5" style="border-bottom: Black 2.5pt double; width: 13%; text-align: right" title="Additions, net">–</td><td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; width: 2%"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left"> </td><td id="xdx_985_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iE_c20250101__20250331__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zO3990nfj8ug" style="border-bottom: Black 2.5pt double; width: 13%; text-align: right" title="Mineral properties gross ending">7,840,981</td><td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left"> </td></tr> </table> Exploration and evaluation costs expensed on the projects consisted of the following: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.3in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Excelsior</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Oneman</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Springs</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">& Laird</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">Three months ended March 31, 2026</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 45%; text-align: left; padding-left: 10pt">Field</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_987_ecustom--ExplorationAndEvaluationCostsField_d0_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zPyZob4IGiVl" style="width: 13%; text-align: right" title="Field">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_ecustom--ExplorationAndEvaluationCostsField_d0_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--LairdAndOnemanMember_zBHvu95wYNE4" style="width: 13%; text-align: right" title="Field">4,800</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_ecustom--ExplorationAndEvaluationCostsField_d0_c20260101__20260331_zyjUcVszZ5Lh" style="width: 13%; text-align: right" title="Field">4,800</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; text-align: left; padding-left: 10pt">Geological and consulting (Note 6)</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_ecustom--ExplorationAndEvaluationCostsGeologicalAndConsulting_d0_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zWtGA0hPxVPi" style="border-bottom: Black 1pt solid; text-align: right" title="Geological and consulting">–</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_ecustom--ExplorationAndEvaluationCostsGeologicalAndConsulting_d0_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--LairdAndOnemanMember_zwVjwB9LH9Ah" style="border-bottom: Black 1pt solid; text-align: right" title="Geological and consulting">90,599</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_ecustom--ExplorationAndEvaluationCostsGeologicalAndConsulting_d0_c20260101__20260331_zrjPVMFCfJti" style="border-bottom: Black 1pt solid; text-align: right" title="Geological and consulting">90,599</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--ExplorationAndEvaluationCostsGross_d0_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_znvRqHlBrJPk" style="text-align: right" title="Exploration and evaluation costs gross">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--ExplorationAndEvaluationCostsGross_d0_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--LairdAndOnemanMember_zmNf7q9EBckc" style="text-align: right" title="Exploration and evaluation costs gross">95,399</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_ecustom--ExplorationAndEvaluationCostsGross_d0_c20260101__20260331_zh3nR6V567Qe" style="text-align: right" title="Exploration and evaluation costs gross">95,399</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; text-align: left; padding-left: 10pt">Less: Recovery of costs</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_ecustom--ExplorationAndEvaluationCostsRecoveryOfCosts_d0_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zBEbCCvtEpP3" style="border-bottom: Black 1pt solid; text-align: right" title="Less: Recovery of costs">–</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_ecustom--ExplorationAndEvaluationCostsRecoveryOfCosts_d0_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--LairdAndOnemanMember_zGHFAOCjllV8" style="border-bottom: Black 1pt solid; text-align: right" title="Less: Recovery of costs">(200,000</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_ecustom--ExplorationAndEvaluationCostsRecoveryOfCosts_d0_c20260101__20260331_zk5bMDSDH4u2" style="border-bottom: Black 1pt solid; text-align: right" title="Less: Recovery of costs">(200,000</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_98A_ecustom--ExplorationAndEvaluationCostsNet_d0_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zAAwZcQe1fZ4" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Exploration and evaluation costs net">–</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_989_ecustom--ExplorationAndEvaluationCostsNet_d0_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--LairdAndOnemanMember_zwqhCRG5GlMe" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Exploration and evaluation costs net">(104,601</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">)</td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_980_ecustom--ExplorationAndEvaluationCostsNet_d0_c20260101__20260331_zrbUEfxBkxFc" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Exploration and evaluation costs net">(104,601</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">)</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.3in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Excelsior</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Laird &</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Springs</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Oneman</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Three months ended March 31, 2025</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 1pt solid; width: 45%; text-align: left; padding-left: 10pt">Geological and consulting</td><td style="border-bottom: Black 1pt solid; width: 2%"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td id="xdx_980_ecustom--ExplorationAndEvaluationCostsGeologicalAndConsulting_d0_c20250101__20250331__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zgmrJ3oTotn2" style="border-bottom: Black 1pt solid; width: 13%; text-align: right" title="Geological and consulting">76,623</td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 2%"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td id="xdx_980_ecustom--ExplorationAndEvaluationCostsGeologicalAndConsulting_d0_c20250101__20250331__ifrs-full--ProductsAndServicesAxis__custom--LairdAndOnemanMember_z5SqkxysHww9" style="border-bottom: Black 1pt solid; width: 13%; text-align: right" title="Geological and consulting">–</td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 2%"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td id="xdx_988_ecustom--ExplorationAndEvaluationCostsGeologicalAndConsulting_d0_c20250101__20250331_zQv1mTT7oPq8" style="border-bottom: Black 1pt solid; width: 13%; text-align: right" title="Geological and consulting">76,623</td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98A_ecustom--ExplorationAndEvaluationCostsGross_d0_c20250101__20250331__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zG3t0Szxg9Y7" style="border-bottom: Black 2.5pt double; text-align: right" title="Exploration and evaluation costs gross">76,623</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98C_ecustom--ExplorationAndEvaluationCostsGross_d0_c20250101__20250331__ifrs-full--ProductsAndServicesAxis__custom--LairdAndOnemanMember_zwAaDSg0WmT1" style="border-bottom: Black 2.5pt double; text-align: right" title="Exploration and evaluation costs gross">–</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98F_ecustom--ExplorationAndEvaluationCostsGross_d0_c20250101__20250331_zbeBDwcnHXK9" style="border-bottom: Black 2.5pt double; text-align: right" title="Exploration and evaluation costs gross">76,623</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> <div style="margin: 3pt auto; width: 100%"></div> Excelsior Springs In 2021, the Company acquired 100% of Nubian USA from Carlton Precious Inc. (formerly Nubian Resources Ltd.) (the “Seller”). Nubian USA holds full ownership of the mining claims comprising the Excelsior Springs Prospect (the “Property”) located in Esmerelda County, Nevada. The Seller retained a <span id="xdx_908_ecustom--PercentageOfSellerRetainedReturnsRoyalty_iI_pip0_dp_c20211231__ifrs-full--CounterpartiesAxis__custom--NetSmelterReturnsMember_zQ6l8jvQAsX1" title="Returns seller retained royalty percentage">1% Net Smelter Returns (NSR) Royalty on the claims sold to the Company. One-half (0.5%) of the NSR Royalty may be purchased by the Company for $500,000. An additional one-half (<span id="xdx_90B_ecustom--PercentageOfRoyaltyFairMarketValue_iI_pip0_dp_c20211231__ifrs-full--CounterpartiesAxis__custom--NetSmelterReturnsMember_zABDcq1ECIn3" title="Percentage of royalty fair market value">0.5%) of the NSR Royalty may be purchased by the Company at fair market value. In 2022 and 2024, the Company collectively acquired a 100% interest in the Fortunatus and Prout patented lode mining claims in Esmeralda County, Nevada as part of the Excelsior Springs Project, and a 100% interest in certain claims known as the Blue Dick Mine, together with certain technical data relating to the mining claims. Total consideration paid by the Company for these transactions was $295,272 (US$230,000) and a 3% NSR. On May 28, 2025, the Company entered into an option agreement with Mammoth Minerals Limited (Mammoth) granting Mammoth an option to earn an 80% interest in the Excelsior Springs project. In consideration of the option, Mammoth has paid the Company $178,253 (AUD$200,000) in cash, and 32,000,000 common shares with a fair value of $2,839,872 (US$2,059,520), which was recognized as a reduction to mineral properties totaling $3,018,125 (US$2,187,635). A 1% net smelter return royalty will also be provided to Athena Gold on certain claims comprising the Property. Mammoth is also required to incur not less than US$5,000,000 in exploration expenditures by May 2030. If Mammoth successfully earns its 80% interest, the parties will form a joint venture partnership that provides the Company with a 20% free-carried interest until a Definitive Feasibility Study is published. On May 15, 2026, Mammoth has advised the Buster drilling database is now being finalized for submission to independent resource consultants, marking a key step towards the delivery of Mammoth’s maiden Mineral Resource Estimate and Exploration Target, scheduled for Q3 2026. Oneman Lake and Laird Lake Projects In 2024, the Company entered into a Definitive Agreement with Libra Lithium Corp., (“Libra”) as assigned by Bounty Gold Corp., (“Bounty Gold”) for an option to acquire a 100% interest in the Oneman Lake project, near Kenora, Ontario, and the Laird Lake project, near Red Lake, Ontario. The Company can acquire the projects for cash and common share consideration (which may be accelerated at the Company’s option or settled in a combination of cash of common shares) as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.5in"></td><td style="width: 0.3in">·</td><td style="text-align: justify">$50,000 by August 19, 2025 (paid, cash of $25,000 (US$18,100) and the issuance of <span id="xdx_902_ecustom--StocksIssuedDuringPeriodSharesAcquisitions_c20250818__20250819__ifrs-full--CounterpartiesAxis__custom--BountyGoldMember_zXHfBGW33VB2" title="Stock issued for acquisition, shares issued">500,000 common shares with a fair value of $25,000 (US$18,135))</td></tr> <tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td></td><td>·</td><td style="text-align: justify">$<span id="xdx_907_eifrs-full--PlanAssetsAtFairValue_iI_c20260819__ifrs-full--CounterpartiesAxis__custom--BountyGoldMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventMember_zrRjyhaMplc8" title="Fair value">50,000 by August 19, 2026;</td></tr></table> <div style="margin: 3pt auto; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.5in"></td><td style="width: 0.3in">·</td><td style="text-align: justify">$50,000 by August 19, 2027;</td></tr> <tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td></td><td>·</td><td style="text-align: justify">$50,000 by August 19, 2028; and</td></tr> <tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td></td><td>·</td><td style="text-align: justify">$1,000,000 in cash by August 19, 2029, or alternatively:</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.8in"></td><td style="width: 0.3in">·</td><td style="text-align: justify"><span id="xdx_906_ecustom--PercentageOfCashPayment_iI_pip0_dp_c20260331__ifrs-full--BusinessCombinationsAxis__custom--OptionToBountyGoldToAcquireLairdLakeProjectMember_zkqd0poKZ1l8" title="Percentage of cash payment">75% in cash and <span id="xdx_908_ecustom--CommonSharesInterestRate_iI_pip0_dp_c20260331__ifrs-full--BusinessCombinationsAxis__custom--OptionToBountyGoldToAcquireLairdLakeProjectMember_zDRxNi5oNQWd" title="Common shares interest rate">25% in common shares, for a total payment of $<span id="xdx_905_eifrs-full--PaymentsForShareIssueCosts_c20260101__20260331__ifrs-full--BusinessCombinationsAxis__custom--OptionToBountyGoldToAcquireLairdLakeProjectMember_zUGumyU1t4n5" title="Payment for cash">1,250,000;</td></tr> <tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td></td><td>·</td><td style="text-align: justify"><span id="xdx_909_ecustom--PercentageOfCashPayment_iI_pip0_dp_c20260331__ifrs-full--BusinessCombinationsAxis__custom--OptionToBountyGoldToAcquireLairdLakeProject1Member_zgoY0cCV7xdf" title="Percentage of cash payment">50% in cash and <span id="xdx_904_ecustom--CommonSharesInterestRate_iI_pip0_dp_c20260331__ifrs-full--BusinessCombinationsAxis__custom--OptionToBountyGoldToAcquireLairdLakeProject1Member_z4kV1IH10gOe" title="Common shares interest rate">50% in common shares, for a total payment of $<span id="xdx_90A_eifrs-full--PaymentsForShareIssueCosts_c20260101__20260331__ifrs-full--BusinessCombinationsAxis__custom--OptionToBountyGoldToAcquireLairdLakeProject1Member_zEDx7esEWbr4" title="Payment for cash">1,500,000; </td></tr> <tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td></td><td>·</td><td style="text-align: justify"><span id="xdx_902_ecustom--PercentageOfCashPayment_iI_pip0_dp_c20260331__ifrs-full--BusinessCombinationsAxis__custom--OptionToBountyGoldToAcquireLairdLakeProject2Member_zA9Qv3ted48k" title="Percentage of cash payment">25% in cash and <span id="xdx_900_ecustom--CommonSharesInterestRate_iI_pip0_dp_c20260331__ifrs-full--BusinessCombinationsAxis__custom--OptionToBountyGoldToAcquireLairdLakeProject2Member_zVByHOgZzdXd" title="Common shares interest rate">75% in common shares, for a total payment of $<span id="xdx_90F_eifrs-full--PaymentsForShareIssueCosts_c20260101__20260331__ifrs-full--BusinessCombinationsAxis__custom--OptionToBountyGoldToAcquireLairdLakeProject2Member_zEssFA0Z1sk6" title="Payment for cash">1,750,000.</td></tr></table> Upon completion of the above obligations by the Company, Bounty Gold will retain a 2% NSR on the Properties, of which 1% may be purchased by the Company for $1,000,000 at any time. On February 20, 2026, the Company entered into an exploration agreement with Wabauskang First Nation (“WFN”) to promote a cooperative and mutually respectful relationship concerning the Laird Lake project situated in the Red Lake Gold District of Ontario, or any other additional mining claims or properties in which Athena may acquire an interest, located within the WFN’s traditional territory. The Company issued <span id="xdx_901_ecustom--StocksIssuedDuringPeriodSharesAcquisitions_c20260219__20260220__ifrs-full--CounterpartiesAxis__custom--WabauskangMember_zVh1r6gKqOA8" title="Stock issued for acquisition, shares issued">10,101 common shares at a fair value of $6,000 (Note 4). Forester Gold Project On March 16, 2026, the Company acquired a 100% interest in the Forester Gold Project located in Northwestern Ontario, Canada, through the acquisition of a private British Columbia holding company, Last Bounty Gold Corp., (“Last Bounty”) by way of a Share Purchase Agreement executed on February 25, 2026. Pursuant to the agreement, the Company issued <span id="xdx_902_ecustom--StocksIssuedDuringPeriodSharesAcquisitions_c20260315__20260316__ifrs-full--CounterpartiesAxis__custom--ForesterGoldProjectMember_zsJ0TRafvgC4" title="Stock issued for acquisition, shares issued">4,242,429 common shares at a price of $0.54 per share for a total fair value of $<span id="xdx_905_ecustom--StocksIssuedDuringPeriodValueAcquisitions_c20260315__20260316__ifrs-full--CounterpartiesAxis__custom--ForesterGoldProjectMember_zEcSC7l0aOi4" title="Stock issued for acquisition, value">2,310,000 (Note 4), less $13,293 in cash reimbursements from Last Bounty. Last Bounty had no material assets, liabilities, or expenses on the acquisition date and accordingly the acquisition by the Company has been accounted for as an asset acquisition in accordance with the guidance provided in IFRS 2, Share-based Payments and IFRS 3, Business Combinations through the issuance of common shares by the Company for the net assets of Last Bounty. Accordingly, no goodwill or intangible assets were recorded with respect to the acquisition as it does not constitute a business. The fair value of the consideration paid by the Company was entirely attributable to mineral properties. <div style="margin: 3pt auto; width: 100%"></div> <div style="margin: 3pt auto; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div>

<table cellpadding="0" cellspacing="0" id="xdx_897_ecustom--DisclosureOfMineralPropertiesExplanatory_zfJVGtHVsC4c" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.3in" summary="xdx: Disclosure - Mineral properties (Details)"> <tr style="vertical-align: bottom"> <td>Schedule of mineral properties</td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">March 31,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; font-style: italic"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">2025</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Additions, net</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">2026</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 10pt; width: 45%; text-align: left">Excelsior Springs</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_988_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iS_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zm0WE1Cd4O42" style="width: 13%; text-align: right" title="Mineral properties gross beginning">4,791,780</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_987_eifrs-full--AdditionsFromAcquisitionsInvestmentProperty_d0_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zmm19pTfU0v1" style="width: 13%; text-align: right" title="Additions, net">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98E_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iE_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zsESLS5OFeOc" style="width: 13%; text-align: right" title="Mineral properties gross ending">4,791,780</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Oneman & Laird</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iS_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--LairdAndOnemanMember_zkjIIPIsxR6c" style="text-align: right" title="Mineral properties gross beginning">42,835</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--AdditionsFromAcquisitionsInvestmentProperty_d0_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--LairdAndOnemanMember_zqoin3gfVNf1" style="text-align: right" title="Additions, net">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iE_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--LairdAndOnemanMember_zE0Kxw9WFRW1" style="text-align: right" title="Mineral properties gross ending">42,835</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 1pt solid; padding-left: 10pt; text-align: left">Forester</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iS_d0_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--ForesterMember_zOqofh6HVX1i" style="border-bottom: Black 1pt solid; text-align: right" title="Mineral properties gross beginning">–</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_eifrs-full--AdditionsFromAcquisitionsInvestmentProperty_d0_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--ForesterMember_zpPtoDpW6xyl" style="border-bottom: Black 1pt solid; text-align: right" title="Additions, net">2,296,707</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iE_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--ForesterMember_zyUR0iq3E937" style="border-bottom: Black 1pt solid; text-align: right" title="Mineral properties gross ending">2,296,707</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iS_c20260101__20260331_ziWGUZ42AZb6" style="text-align: right" title="Mineral properties gross beginning">4,834,615</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--AdditionsFromAcquisitionsInvestmentProperty_d0_c20260101__20260331_zpaXXRxDZdhl" style="text-align: right" title="Additions, net">2,296,707</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iE_c20260101__20260331_zYTrK5i34kS8" style="text-align: right" title="Mineral properties gross ending">7,131,322</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 1pt solid; padding-left: 10pt; text-align: left">Elimination of cumulative translation adjustment</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_ecustom--EliminationOfCumulativeTranslationAdjustments_iS_d0_c20260101__20260331_zmdcuQVVMmOa" style="border-bottom: Black 1pt solid; text-align: right" title="Elimination of cumulative translation adjustment beginning">–</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_ecustom--EliminationOfCumulativeTranslationAdjustmentAdditionsNet_d0_c20260101__20260331_zsDWXMxaYcDc" style="border-bottom: Black 1pt solid; text-align: right" title="Elimination of cumulative translation adjustment additions, net">–</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_ecustom--EliminationOfCumulativeTranslationAdjustments_iE_d0_c20260101__20260331_zZXXr7uFSGf5" style="border-bottom: Black 1pt solid; text-align: right" title="Elimination of cumulative translation adjustment ending">778,690</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 2.5pt double; font-weight: bold">Total</td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_981_ecustom--AssetsArisingFromExplorationForAndEvaluationOfMineralResourcesNet_iS_c20260101__20260331_z60YgnTuP3Hb" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Mineral properties net beginning">4,834,615</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_987_eifrs-full--AdditionsFromAcquisitionsInvestmentProperty_d0_c20260101__20260331_zPkUJmzJ3Utc" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Additions, net">2,296,707</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_982_ecustom--AssetsArisingFromExplorationForAndEvaluationOfMineralResourcesNet_iE_c20260101__20260331_z90ZfQs5Zhi8" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Mineral properties net ending">7,910,012</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.3in"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="text-align: center">December 31,</td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center">March 31,</td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="text-align: center">2024</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Additions</td><td> </td><td> </td> <td colspan="2" style="text-align: center">2025</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 2.5pt double; padding-left: 10pt; width: 45%; text-align: left">Excelsior Springs</td><td style="border-bottom: Black 2.5pt double; width: 2%"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left"> </td><td id="xdx_986_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iS_c20250101__20250331__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zKhWbsJfxeg" style="border-bottom: Black 2.5pt double; width: 13%; text-align: right" title="Mineral properties gross beginning">7,840,981</td><td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; width: 2%"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left"> </td><td id="xdx_983_eifrs-full--AdditionsFromAcquisitionsInvestmentProperty_d0_c20250101__20250331__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zF4w63Y8QZl5" style="border-bottom: Black 2.5pt double; width: 13%; text-align: right" title="Additions, net">–</td><td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; width: 2%"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left"> </td><td id="xdx_985_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iE_c20250101__20250331__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zO3990nfj8ug" style="border-bottom: Black 2.5pt double; width: 13%; text-align: right" title="Mineral properties gross ending">7,840,981</td><td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left"> </td></tr> </table> Exploration and evaluation costs expensed on the projects consisted of the following: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.3in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Excelsior</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Oneman</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Springs</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">& Laird</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold">Three months ended March 31, 2026</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 45%; text-align: left; padding-left: 10pt">Field</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_987_ecustom--ExplorationAndEvaluationCostsField_d0_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zPyZob4IGiVl" style="width: 13%; text-align: right" title="Field">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_ecustom--ExplorationAndEvaluationCostsField_d0_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--LairdAndOnemanMember_zBHvu95wYNE4" style="width: 13%; text-align: right" title="Field">4,800</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_ecustom--ExplorationAndEvaluationCostsField_d0_c20260101__20260331_zyjUcVszZ5Lh" style="width: 13%; text-align: right" title="Field">4,800</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; text-align: left; padding-left: 10pt">Geological and consulting (Note 6)</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_ecustom--ExplorationAndEvaluationCostsGeologicalAndConsulting_d0_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zWtGA0hPxVPi" style="border-bottom: Black 1pt solid; text-align: right" title="Geological and consulting">–</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_ecustom--ExplorationAndEvaluationCostsGeologicalAndConsulting_d0_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--LairdAndOnemanMember_zwVjwB9LH9Ah" style="border-bottom: Black 1pt solid; text-align: right" title="Geological and consulting">90,599</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_ecustom--ExplorationAndEvaluationCostsGeologicalAndConsulting_d0_c20260101__20260331_zrjPVMFCfJti" style="border-bottom: Black 1pt solid; text-align: right" title="Geological and consulting">90,599</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--ExplorationAndEvaluationCostsGross_d0_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_znvRqHlBrJPk" style="text-align: right" title="Exploration and evaluation costs gross">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--ExplorationAndEvaluationCostsGross_d0_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--LairdAndOnemanMember_zmNf7q9EBckc" style="text-align: right" title="Exploration and evaluation costs gross">95,399</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_ecustom--ExplorationAndEvaluationCostsGross_d0_c20260101__20260331_zh3nR6V567Qe" style="text-align: right" title="Exploration and evaluation costs gross">95,399</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; text-align: left; padding-left: 10pt">Less: Recovery of costs</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_ecustom--ExplorationAndEvaluationCostsRecoveryOfCosts_d0_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zBEbCCvtEpP3" style="border-bottom: Black 1pt solid; text-align: right" title="Less: Recovery of costs">–</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_ecustom--ExplorationAndEvaluationCostsRecoveryOfCosts_d0_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--LairdAndOnemanMember_zGHFAOCjllV8" style="border-bottom: Black 1pt solid; text-align: right" title="Less: Recovery of costs">(200,000</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_ecustom--ExplorationAndEvaluationCostsRecoveryOfCosts_d0_c20260101__20260331_zk5bMDSDH4u2" style="border-bottom: Black 1pt solid; text-align: right" title="Less: Recovery of costs">(200,000</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_98A_ecustom--ExplorationAndEvaluationCostsNet_d0_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zAAwZcQe1fZ4" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Exploration and evaluation costs net">–</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_989_ecustom--ExplorationAndEvaluationCostsNet_d0_c20260101__20260331__ifrs-full--ProductsAndServicesAxis__custom--LairdAndOnemanMember_zwqhCRG5GlMe" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Exploration and evaluation costs net">(104,601</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">)</td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_980_ecustom--ExplorationAndEvaluationCostsNet_d0_c20260101__20260331_zrbUEfxBkxFc" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Exploration and evaluation costs net">(104,601</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">)</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.3in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Excelsior</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Laird &</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Springs</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Oneman</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Three months ended March 31, 2025</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 1pt solid; width: 45%; text-align: left; padding-left: 10pt">Geological and consulting</td><td style="border-bottom: Black 1pt solid; width: 2%"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td id="xdx_980_ecustom--ExplorationAndEvaluationCostsGeologicalAndConsulting_d0_c20250101__20250331__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zgmrJ3oTotn2" style="border-bottom: Black 1pt solid; width: 13%; text-align: right" title="Geological and consulting">76,623</td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 2%"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td id="xdx_980_ecustom--ExplorationAndEvaluationCostsGeologicalAndConsulting_d0_c20250101__20250331__ifrs-full--ProductsAndServicesAxis__custom--LairdAndOnemanMember_z5SqkxysHww9" style="border-bottom: Black 1pt solid; width: 13%; text-align: right" title="Geological and consulting">–</td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 2%"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td id="xdx_988_ecustom--ExplorationAndEvaluationCostsGeologicalAndConsulting_d0_c20250101__20250331_zQv1mTT7oPq8" style="border-bottom: Black 1pt solid; width: 13%; text-align: right" title="Geological and consulting">76,623</td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98A_ecustom--ExplorationAndEvaluationCostsGross_d0_c20250101__20250331__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zG3t0Szxg9Y7" style="border-bottom: Black 2.5pt double; text-align: right" title="Exploration and evaluation costs gross">76,623</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98C_ecustom--ExplorationAndEvaluationCostsGross_d0_c20250101__20250331__ifrs-full--ProductsAndServicesAxis__custom--LairdAndOnemanMember_zwAaDSg0WmT1" style="border-bottom: Black 2.5pt double; text-align: right" title="Exploration and evaluation costs gross">–</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98F_ecustom--ExplorationAndEvaluationCostsGross_d0_c20250101__20250331_zbeBDwcnHXK9" style="border-bottom: Black 2.5pt double; text-align: right" title="Exploration and evaluation costs gross">76,623</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table>

4791780

42835

2296707

4834615

2296707

7131322

0 0 778690 4834615

2296707

7910012

7840981

0 4800 4800 0 90599 90599 0 95399 95399 0 -200000 -200000 0 -104601 -104601 76623 0 76623 76623 0 76623

0.01 0.005

500000

0.005

295272

230000

0.80

178253

200000

32000000

2839872

2059520

3018125

2187635

5000000

0.80 0.20

50000

25000 18100 500000 25000

18135

50000

1000000 0.75 0.25

1250000

0.50 0.50

1500000

0.25 0.75

1750000

1000000

10101

6000

4242429 2310000 13293

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.3in">4.</td><td style="text-align: justify">Shareholders’ equity and reserves</td></tr></table> The authorized share capital of the Company consists of an unlimited number of common shares without par value and an unlimited number of preferred shares without par value. All issued shares are fully paid. Transactions for the issuance of share capital for the three months ended March 31, 2026: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.5in"></td><td style="width: 0.3in">·</td><td style="text-align: justify">In March 2026, the Company issued <span id="xdx_903_ecustom--StockIssuedForFindersFeeShares_c20260101__20260331__ifrs-full--CounterpartiesAxis__custom--LairdLakeAndOnemanLakeProjectsMember_z3QFdJ89B0tl" title="Stock issued for finders fee, shares">10,101 common shares at $0.59 each in exchange for exploration related services on the Oneman Lake and Laird Lake projects (Note 3).</td></tr> <tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td></td><td>·</td><td style="text-align: justify">In March 2026, the Company issued <span id="xdx_902_ecustom--StockIssuedForFindersFeeShares_c20260101__20260331__ifrs-full--CounterpartiesAxis__custom--LastBountyGoldAndForesterGoldProjectMember_zbqb40bUm5R4" title="Stock issued for finders fee, shares">4,242,429 common shares at $0.54 each for the acquisition of Last Bounty Gold Corp., in relation to the acquisition of the Forester Gold project (Note 3).</td></tr></table> Transactions for the issuance of share capital for the three months ended March 31, 2025: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 31.7pt"></td><td style="width: 18pt">·</td><td style="text-align: justify">There were no transactions for the issuance of share capital during the three months ended March 31, 2025.</td></tr></table> Stock options The Company adopted its 2020 Equity Incentive Plan (the “Plan”) which became effective in January 2021. Under the Plan, the Company is authorized to issue up to 1,010,101 (<span id="xdx_909_eifrs-full--NumberOfSharesAuthorised_iI_pn6n6_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--EquityIncentivePlan2020Member_zgV59cyKInF" title="Stock authorized to issued under plan">10 million pre-consolidation) common shares pursuant to grants and the exercise of rights under the Plan. Effective March 10, 2021, the Corporation adopted a deferred compensation and equity award plan (the “Deferred Compensation Plan”). Restricted share units awarded pursuant to the Deferred Compensation Plan shall vest in the manner determined by the Board with respect to such award. Restricted share units have no voting rights, and no amount due or payable under the Deferred Compensation Plan or any interest in the Deferred Compensation Plan, shall be subject in any manner to alienation, sale, transfer, assignment, pledge, attachment, garnishment, lien, levy or like encumbrance. <div style="margin: 3pt auto; width: 100%"></div> <div style="margin: 3pt auto; width: 100%"></div> A summary of the Company’s stock options as at March 31, 2026 and December 31, 2025, and changes during the period/year then ended are as follows: <table cellpadding="0" cellspacing="0" id="xdx_884_ecustom--ScheduleOfStockOptionActivityTextBlock_zi0hV136SZDf" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.3in" summary="xdx: Disclosure - Shareholders' equity and reserves (Details - Stock option activity)"> <tr style="vertical-align: bottom"> <td>Schedule of stock option activity</td><td style="font-weight: bold"> </td> <td colspan="6" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td> </td> <td colspan="6" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Period ended March 31, 2026</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; text-align: center">Year ended December 31, 2025</td><td style="border-bottom: Black 1pt solid"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="2" style="text-align: center">Options</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Weighted average exercise price</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Options</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Weighted average exercise price</td><td> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center"> </td> <td style="border-bottom: Black 1pt solid; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center">#</td><td style="border-bottom: Black 1pt solid; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center"> </td> <td style="border-bottom: Black 1pt solid; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center"> </td> <td style="border-bottom: Black 1pt solid; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center">#</td><td style="border-bottom: Black 1pt solid; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center"> </td> <td style="border-bottom: Black 1pt solid; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 36%; text-align: left">Options outstanding, beginning of period/year</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98E_eifrs-full--NumberOfOutstandingShareOptions_iS_uShares_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zlssQOrGX3Hh" style="width: 11%; text-align: right" title="Options outstanding, beginning balance">806,061</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98A_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iS_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zqOXaX3ETbxd" style="width: 11%; text-align: right" title="Weighed average exercise price, beginning balance">0.59</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98F_eifrs-full--NumberOfOutstandingShareOptions_iS_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zx6PfivsRhBd" style="width: 11%; text-align: right" title="Options outstanding, beginning balance">528,283</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98D_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iS_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zO3D37F7PiW1" style="width: 11%; text-align: right" title="Weighed average exercise price, beginning balance">0.69</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Granted</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_uShares_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_z2d32xfwL5n4" style="text-align: right" title="Options granted">204,040</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--WeightedAverageSharePriceShareOptionsGranted2019_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zdxhxLgLnBSj" style="text-align: right" title="Options granted, weighed average exercise price">0.59</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eifrs-full--NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_d0_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zNMfptJLUINa" style="text-align: right">277,778</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--WeightedAverageSharePriceShareOptionsGranted2019_d0_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zcrzycUH19E3" style="text-align: right">0.39</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 1pt solid">Expired</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_eifrs-full--NumberOfShareOptionsExercisedInSharebasedPaymentArrangement_iN_di_uShares_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zEZcAa1eTQxa" style="border-bottom: Black 1pt solid; text-align: right" title="Options expired">(202,020</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_ecustom--WeightedAverageSharePriceShareOptionsExpired_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zTVIaVoRyv8f" style="border-bottom: Black 1pt solid; text-align: right" title="Options expired, weighed average exercise price">0.89</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_eifrs-full--NumberOfShareOptionsExercisedInSharebasedPaymentArrangement_iN_di0_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zPA8EAQ1fff9" style="border-bottom: Black 1pt solid; text-align: right" title="Options expired">–</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_ecustom--WeightedAverageSharePriceShareOptionsExpired_d0_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zG9OY0Eax69" style="border-bottom: Black 1pt solid; text-align: right" title="Options expired, weighed average exercise price">–</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">Options outstanding, end of period/year</td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_980_eifrs-full--NumberOfOutstandingShareOptions_iE_uShares_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_z8PjNg1Hqwgh" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Options outstanding, ending balance">808,081</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_982_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iE_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zJWDPLKd36g1" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Weighed average exercise price, ending balance">0.52</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_981_eifrs-full--NumberOfOutstandingShareOptions_iE_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_z8GnpXWZ3kya" style="border-bottom: Black 2.5pt double; text-align: right" title="Options outstanding, ending balance">806,061</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_984_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iE_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_z3tYAolwdsK1" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighed average exercise price, ending balance">0.59</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> In accordance with the Company’s material accounting policy, upon the expiry of stock options the original fair value recognized on vesting of the stock options is retained within reserves, and not reclassified. As at March 31, 2026, the Company has stock options outstanding and exercisable as follows: <table cellpadding="0" cellspacing="0" id="xdx_889_ecustom--DisclosureOfDetailedInformationAboutStockOptionsOutstandingAndExercisableExplanatory_zH9BgPvG18R" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.3in" summary="xdx: Disclosure - Shareholders' equity and reserves (Details - Stock options outstanding and exercisable)"> <tr style="vertical-align: bottom"> <td colspan="10" style="text-align: center">Schedule of stock options outstanding and exercisable</td><td> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="text-align: center">Options</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Options</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Exercise</td><td> </td><td> </td> <td> </td><td> </td> <td colspan="2" style="text-align: center">Weighted average</td><td> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="text-align: center">outstanding</td><td> </td><td> </td> <td colspan="2" style="text-align: center">exercisable</td><td> </td><td> </td> <td colspan="2" style="text-align: center">price</td><td> </td><td> </td> <td style="text-align: center">Expiry date</td><td> </td> <td colspan="2" style="text-align: center">remaining life</td><td> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">#</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">#</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: center"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">(years)</td><td style="border-bottom: Black 1pt solid"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 1%; text-align: left"> </td><td id="xdx_98D_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice11Member_zz2z3Lxf6wM2" style="width: 16%; text-align: right" title="Options outstanding">25,253</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_980_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice11Member_zD6dRNjNmJdk" style="width: 16%; text-align: right" title="Options exercisable">25,253</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_989_eifrs-full--WeightedAverageSharePrice2019_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice11Member_zVkzYSFhjl5d" style="width: 16%; text-align: right" title="Weighted average exercise price">0.69</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 16%; text-align: right"><span id="xdx_90B_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice11Member_z3NTMBvPH24k" title="Expiry date">January 16, 2028</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span id="xdx_902_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice11Member_z3QFsu8K3gg8" title="Weighted average remaining life">1.80</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice12Member_zymLfaufKCv8" style="text-align: right">73,737</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice12Member_zSa88oevtlT3" style="text-align: right">73,737</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eifrs-full--WeightedAverageSharePrice2019_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice12Member_zUlIxdfLvs6a" style="text-align: right" title="Weighted average exercise price">0.59</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"><span id="xdx_90E_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice12Member_zDFKnZcYNo6i" title="Expiry date">August 24, 2032</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_900_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice12Member_zUeMU0vaPbr1" title="Weighted average remaining life">6.41</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice13Member_zrrpJy2H8QV3" style="text-align: right">227,273</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice13Member_z7FFYwn4mtYf" style="text-align: right">227,273</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--WeightedAverageSharePrice2019_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice13Member_zdf2AyECaJM" style="text-align: right" title="Weighted average exercise price">0.59</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"><span id="xdx_90A_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice13Member_zqzDzkhFCwo6" title="Expiry date">October 12, 2032</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90B_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice13Member_zYD0hDhDyzVc" title="Weighted average remaining life">6.54</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td id="xdx_981_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice14Member_zKdW84IdGXr3" style="text-align: right">277,778</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice14Member_zx2oUZyq3UCa" style="text-align: right">277,778</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--WeightedAverageSharePrice2019_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice14Member_zpxofy6jHCD8" style="text-align: right" title="Weighted average exercise price">0.39</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"><span id="xdx_90D_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice14Member_zcse9FtKJVw5" title="Expiry date">June 12, 2035</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_907_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice14Member_zkxMn40LSSP5" title="Weighted average remaining life">9.21</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice15Member_zjqJ25Z2dgw6" style="border-bottom: Black 1pt solid; text-align: right">204,040</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice15Member_z7jNM1ra5Fei" style="border-bottom: Black 1pt solid; text-align: right">204,040</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_eifrs-full--WeightedAverageSharePrice2019_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice15Member_zxhdB6aDHqO2" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average exercise price">0.59</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_905_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice15Member_zs2SqLimWVM7" title="Expiry date">March 19, 2036</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90D_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice15Member_z2wD72BxEyh9" title="Weighted average remaining life">9.98</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_989_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zWLLCmOwQbD4" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Options outstanding">808,081</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_988_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zxFyiB6pLUad" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">808,081</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_986_eifrs-full--WeightedAverageSharePrice2019_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_ztP6tyNGBw63" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Weighted average exercise price">0.52</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><span id="xdx_90B_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_z4KssFaUZWl5" title="Weighted average remaining life">8.16</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td></tr> </table> During the three months ended March 31, 2026, <span id="xdx_90D_eifrs-full--NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_uShares_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--DirectorsAndConsultantsMember_zLy0EQLg20j9" title="Options granted">204,040 options were granted to directors of the Company with a weighted average exercise price of $<span id="xdx_903_eifrs-full--WeightedAverageSharePriceShareOptionsGranted2019_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--DirectorsAndConsultantsMember_zyVzUKlOyNKc" title="Options granted, weighed average exercise price">0.59 each expiring on March 19, 2036 which vested immediately. The fair value was calculated using the following weighted average assumptions: expected life of options – ten years, stock price volatility – 214%, no dividend yield, and a risk-free interest rate – 4%. The fair value is particularly impacted by the Company’s stock price volatility, determined using stock price data from the previous ten years. Using the above assumptions, the fair value of options granted during the three months ended March 31, 2026, was approximately $0.49 per option, for an aggregate total of $100,936. During the year ended December 31, 2025, options were granted to directors and consultants of the Company with a weighted average exercise price of $<span id="xdx_90F_eifrs-full--WeightedAverageSharePriceShareOptionsGranted2019_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--DirectorsAndConsultantsMember_zqjTDXFdg4Kb" title="Options granted, weighed average exercise price">0.50 each expiring on June 12, 2035 which vested immediately. The fair value was calculated using the following weighted average assumptions: expected life of options – ten years, stock price volatility – 145%, no dividend yield, and a risk-free interest rate – 4%. The fair value is particularly impacted by the Company’s stock price volatility, determined using stock price data from the previous ten years. Using the above assumptions, the fair value of options granted during the year ended December 31, 2025, was approximately $0.30 per option, for an aggregate total of $121,524. The total share-based payment expense (within general and administrative expenses) for the three months ended March 31, 2026, was $100,936 (2025 - $<span id="xdx_907_eifrs-full--ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets_dxL_c20250101__20251231_zUkkLODfWrE8" title="Share-based payment expense::XDX::0">nil) which represents stock options that vested during the period. Warrants As an incentive to complete private placements, the Company may issue units which include common shares and common share purchase warrants. Prior to January 1, 2026, share purchase warrants that were not classified as share-based payments were classified as a derivative liability under the principles of IFRS 9, Financial Instruments. As the exercise price of the share purchase warrants were fixed in CAD and the functional currency of the Company was the USD, the share purchase warrants were considered a derivative liability in accordance with IAS 32, Financial Instruments: Presentation as a variable amount of cash in the Company’s functional currency would be received upon exercise. Accordingly, the Company’s warrant liability presented as at December 31, 2025 and January 1, 2025, was remeasured to fair value at each reporting date using the Black-Scholes option pricing model. A summary of the Company’s warrants as at March 31, 2026 and December 31, 2025, and changes during the period/year then ended are as follows: <table cellpadding="0" cellspacing="0" id="xdx_883_eifrs-full--DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory_z6aQPCsih9n9" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.3in" summary="xdx: Disclosure - Shareholders' equity and reserves (Details - Changes in warrants)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Schedule of changes in warrants</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Period ended March 31, 2026</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; text-align: center">Year ended December 31, 2025</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="2" style="text-align: center">Warrants</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Weighted average exercise price</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Warrants</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Weighted average exercise price</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Warrant liability</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: center"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">#</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">#</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 35%; text-align: left">Warrants outstanding, beginning of period/year</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_987_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iS_uShares_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zxaRR6rrDjKd" style="width: 10%; text-align: right" title="Warrants outstanding, beginning of period/year">3,926,930</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_988_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iS_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_z7M2WKF16SVa" style="width: 8%; text-align: right" title="Weighted average exercise price, beginning of period/year">0.99</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98A_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iS_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_z7pWQ2ZHu7Nl" style="width: 10%; text-align: right" title="Warrants outstanding, beginning of period/year">3,665,657</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iS_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_z4MZBWjYcbFa" style="width: 8%; text-align: right" title="Weighted average exercise price, beginning of period/year">1.06</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_eifrs-full--WarrantLiability_iS_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zKiwlPujOexl" style="width: 10%; text-align: right" title="Warrant liability, beginning balance">857,250</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Issued - unit offerings</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--NumberOfInstrumentsOtherEquityInstrumentsGranted_d0_uShares_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zOX8k5z4VPP5" style="text-align: right" title="Issued - unit offerings">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019_d0_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zIzmSvgNWcW1" style="text-align: right" title="Weighted average exercise price, issued - unit offerings">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--NumberOfInstrumentsOtherEquityInstrumentsGranted_d0_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zeO925VsNoI6" style="text-align: right" title="Issued - unit offerings">2,578,188</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019_d0_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zHuygGgc1PIj" style="text-align: right" title="Weighted average exercise price, issued - unit offerings">0.91</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--WarrantLiabilityIssuedUnitOfferings_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zzIk5HWxyQh8" style="text-align: right" title="Warrant liability, issued - unit offerings">1,201,281</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Issued - finders' warrants</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--NumberOfInstrumentsOtherEquityInstrumentsIssued_d0_uShares_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zwXdAKNgSf35" style="text-align: right" title="Issued - finders' warrants">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--WeightedAverageExercisePriceOfOtherEquityInstrumentsIssuedInSharebasedPaymentArrangement2019_d0_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zfYaTIQLKpWk" style="text-align: right" title="Weighted average exercise price, finders' warrants">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--NumberOfInstrumentsOtherEquityInstrumentsIssued_d0_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zhOsuglw2ICg" style="text-align: right" title="Issued - finders' warrants">284,095</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--WeightedAverageExercisePriceOfOtherEquityInstrumentsIssuedInSharebasedPaymentArrangement2019_d0_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_znUXPsDEcrCa" style="text-align: right" title="Weighted average exercise price, finders' warrants">0.94</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_ecustom--WarrantLiabilityIssuedFindersWarrants_d0_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zWBjPcK6MX44" style="text-align: right" title="Warrant liability, issued - finders' warrants">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Expired</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--NumberOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement_iN_di0_uShares_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zDMQPmaVJkm3" style="text-align: right" title="Expired">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement2019_d0_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_za545MOJdeN4" style="text-align: right" title="Weighted average exercise price, expired">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eifrs-full--NumberOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement_iN_di0_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zSxdYGPgLJd1" style="text-align: right" title="Expired">(2,601,010</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement2019_d0_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zRLZErJUcKw4" style="text-align: right" title="Weighted average exercise price, expired">1.01</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_ecustom--WarrantLiabilityExpired_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_z6pSCoptN5Gk" style="text-align: right" title="Warrant liability, expired">(310,494</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 1pt solid; text-align: left">Fair value adjustment for warrants outstanding</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_ecustom--NumberOfOtherEquityInstrumentsFairValueAdjustmentForWarrantsOutstanding_d0_uShares_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zFCaKYlQnYVd" style="border-bottom: Black 1pt solid; text-align: right" title="Fair value adjustment for warrants outstanding">–</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_ecustom--WeightedAverageExercisePriceOfOtherEquityInstrumentsFairValueAdjustmentForWarrantsOutstanding_d0_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zUFRb2IxiOY6" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average exercise price, fair value adjustment for warrants outstanding">–</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_ecustom--NumberOfOtherEquityInstrumentsFairValueAdjustmentForWarrantsOutstanding_d0_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_z5SFV8qWBL4i" style="border-bottom: Black 1pt solid; text-align: right" title="Fair value adjustment for warrants outstanding">–</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_ecustom--WeightedAverageExercisePriceOfOtherEquityInstrumentsFairValueAdjustmentForWarrantsOutstanding_d0_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zTPEue51kAte" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average exercise price, fair value adjustment for warrants outstanding">–</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_ecustom--WarrantLiabilityFairValueAdjustmentForWarrantsOutstanding_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zJFEL6w2Mw02" style="border-bottom: Black 1pt solid; text-align: right" title="Warrant liability, fair value adjustment for warrants outstanding">84,154</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">Options outstanding, end of period/year</td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_981_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iE_uShares_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zWXXtxwp12N" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Warrants outstanding, ending of period/year">3,926,930</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_984_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iE_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zFWzaEM4ODtc" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Weighted average exercise price, ending of period/year">0.99</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_985_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iE_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zXAov2erjs9e" style="border-bottom: Black 2.5pt double; text-align: right" title="Warrants outstanding, ending of period/year">3,926,930</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_984_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iE_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zsVQoKXdKSSd" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average exercise price, ending of period/year">0.99</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98E_eifrs-full--WarrantLiability_iE_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zUTUCITv3Vp8" style="border-bottom: Black 2.5pt double; text-align: right" title="Warrant liability, ending balance">1,832,191</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> <div style="margin: 3pt auto; width: 100%"></div> As at March 31, 2026, the Company had warrants outstanding and exercisable as follows: <table cellpadding="0" cellspacing="0" id="xdx_88F_eifrs-full--DisclosureOfNumberAndWeightedAverageRemainingContractualLifeOfOutstandingShareOptionsExplanatory_zy1Ixb1fnTKk" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.3in" summary="xdx: Disclosure - Shareholders' equity and reserves (Details - Warrants outstanding and exercisable)"> <tr style="vertical-align: bottom"> <td style="text-align: right" title="Warrants outstanding">Schedule of warrants outstanding and exercisable </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right" title="Exercise price"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center">Warrants</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Exercise</td><td> </td><td> </td> <td> </td><td> </td> <td colspan="2" style="text-align: center">Weighted average</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center">outstanding</td><td> </td><td> </td> <td colspan="2" style="text-align: center">price</td><td> </td><td> </td> <td style="text-align: center">Expiry date</td><td> </td> <td colspan="2" style="text-align: center">remaining life</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: center">#</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: center"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">(years)</td><td style="border-bottom: Black 1pt solid"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td id="xdx_986_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice1Member_zDx61nAZX8Ll" style="width: 23%; text-align: right" title="Warrants outstanding">48,485</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_984_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice1Member_zp4gd2ldV3k1" style="width: 22%; text-align: right" title="Exercise price">1.19</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 22%; text-align: right"><span id="xdx_90F_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice1Member_zDmTbik2iYGk" title="Expiry date">October 25, 2026</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 22%; text-align: right"><span id="xdx_901_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice1Member_zp7zMuXh02ua" title="Weighted average remaining life">0.57</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_989_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice2Member_z7zu3iT47bdd" style="text-align: right" title="Warrants outstanding">606,061</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice2Member_zqx4D2oXnwW" style="text-align: right" title="Exercise price">1.19</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"><span id="xdx_905_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice2Member_zr08mKyEFqZf" title="Expiry date">October 24, 2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_907_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice2Member_zC6c35Fq22R2" title="Weighted average remaining life">1.57</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td id="xdx_981_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice3Member_zVel3TFc72Ae" style="text-align: right" title="Warrants outstanding">326,263</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice3Member_zent9Su5ePlb" style="text-align: right" title="Exercise price">1.19</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"><span id="xdx_90B_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice3Member_zsInWBYCUQf4" title="Expiry date">December 3, 2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice3Member_zsjz3RFT9502" title="Weighted average remaining life">1.68</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_982_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice4Member_zYv4dfKI4Bpj" style="text-align: right" title="Warrants outstanding">1,601,005</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice4Member_zPMQskT6p1jf" style="text-align: right" title="Exercise price">0.89</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"><span id="xdx_90D_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice4Member_zEC7m2tvRWf2" title="Expiry date">December 4, 2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_900_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice4Member_zpOTrV708BF1" title="Weighted average remaining life">1.68</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td id="xdx_987_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice5Member_zEI5sIF5t9a4" style="text-align: right" title="Warrants outstanding">192,320</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice5Member_zzCfdy4qufW" style="text-align: right" title="Exercise price">0.89</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"><span id="xdx_90C_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice5Member_zbcHR1SXwvR3" title="Expiry date">December 4, 2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_908_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice5Member_zgGwfFVxXFHi" title="Weighted average remaining life">1.68</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_98D_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice6Member_zBW5yuVYBkaf" style="text-align: right" title="Warrants outstanding">445,286</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice6Member_zPWmhCXOtdL4" style="text-align: right" title="Exercise price">0.89</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"><span id="xdx_90F_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice6Member_zMds8JAYsMcj" title="Expiry date">December 12, 2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice6Member_z9kyH9T13yvd" title="Weighted average remaining life">1.70</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td id="xdx_982_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice7Member_zyP7rRRY0OE2" style="text-align: right" title="Warrants outstanding">364,119</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice7Member_zIVAuK90yIph" style="text-align: right" title="Exercise price">0.89</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"><span id="xdx_909_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice7Member_zWF8N1igWJC5" title="Expiry date">December 18, 2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_903_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice7Member_zWaFrwlaE83b" title="Weighted average remaining life">1.72</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_989_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice8Member_zf6TjI7xeDSj" style="text-align: right" title="Warrants outstanding">43,290</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice8Member_zRVFAsQJD5N" style="text-align: right" title="Exercise price">0.89</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"><span id="xdx_90E_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice8Member_ztFQipdrI2R2" title="Expiry date">December 18, 2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice8Member_zBXSCDQ8wiU1" title="Weighted average remaining life">1.72</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td id="xdx_98B_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice9Member_ztJIXPvdkVa7" style="text-align: right" title="Warrants outstanding">132,323</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice9Member_zgiRFb81z0Pc" style="text-align: right" title="Exercise price">1.19</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"><span id="xdx_90D_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice9Member_zdNZQNjKQXqd" title="Expiry date">December 23, 2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90E_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice9Member_zrVz8JiXA5Id" title="Weighted average remaining life">1.73</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_980_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice10Member_zw0TmDJwygpb" style="border-bottom: Black 1pt solid; text-align: right" title="Warrants outstanding">167,778</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice10Member_z63GJ7SFHGF4" style="border-bottom: Black 1pt solid; text-align: right" title="Exercise price">1.19</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_902_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice10Member_zuSUAQyOsKFf" title="Expiry date">June 30, 2028</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_904_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice10Member_zHm0AOr20Yle" title="Weighted average remaining life">2.25</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td id="xdx_986_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zVBeS9sNWPj2" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Warrants outstanding">3,926,930</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_98C_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zKUhHTI8m4s" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Exercise price">0.99</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><span id="xdx_901_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_z0r6OchZuqXi" title="Weighted average remaining life">1.68</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td></tr> </table>

10101 4242429

10000000

<table cellpadding="0" cellspacing="0" id="xdx_884_ecustom--ScheduleOfStockOptionActivityTextBlock_zi0hV136SZDf" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.3in" summary="xdx: Disclosure - Shareholders' equity and reserves (Details - Stock option activity)"> <tr style="vertical-align: bottom"> <td>Schedule of stock option activity</td><td style="font-weight: bold"> </td> <td colspan="6" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td> </td> <td colspan="6" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Period ended March 31, 2026</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; text-align: center">Year ended December 31, 2025</td><td style="border-bottom: Black 1pt solid"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="2" style="text-align: center">Options</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Weighted average exercise price</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Options</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Weighted average exercise price</td><td> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center"> </td> <td style="border-bottom: Black 1pt solid; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center">#</td><td style="border-bottom: Black 1pt solid; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center"> </td> <td style="border-bottom: Black 1pt solid; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center"> </td> <td style="border-bottom: Black 1pt solid; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center">#</td><td style="border-bottom: Black 1pt solid; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center"> </td> <td style="border-bottom: Black 1pt solid; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 36%; text-align: left">Options outstanding, beginning of period/year</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98E_eifrs-full--NumberOfOutstandingShareOptions_iS_uShares_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zlssQOrGX3Hh" style="width: 11%; text-align: right" title="Options outstanding, beginning balance">806,061</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98A_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iS_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zqOXaX3ETbxd" style="width: 11%; text-align: right" title="Weighed average exercise price, beginning balance">0.59</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98F_eifrs-full--NumberOfOutstandingShareOptions_iS_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zx6PfivsRhBd" style="width: 11%; text-align: right" title="Options outstanding, beginning balance">528,283</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98D_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iS_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zO3D37F7PiW1" style="width: 11%; text-align: right" title="Weighed average exercise price, beginning balance">0.69</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Granted</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_uShares_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_z2d32xfwL5n4" style="text-align: right" title="Options granted">204,040</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--WeightedAverageSharePriceShareOptionsGranted2019_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zdxhxLgLnBSj" style="text-align: right" title="Options granted, weighed average exercise price">0.59</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eifrs-full--NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_d0_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zNMfptJLUINa" style="text-align: right">277,778</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--WeightedAverageSharePriceShareOptionsGranted2019_d0_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zcrzycUH19E3" style="text-align: right">0.39</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 1pt solid">Expired</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_eifrs-full--NumberOfShareOptionsExercisedInSharebasedPaymentArrangement_iN_di_uShares_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zEZcAa1eTQxa" style="border-bottom: Black 1pt solid; text-align: right" title="Options expired">(202,020</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_ecustom--WeightedAverageSharePriceShareOptionsExpired_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zTVIaVoRyv8f" style="border-bottom: Black 1pt solid; text-align: right" title="Options expired, weighed average exercise price">0.89</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_eifrs-full--NumberOfShareOptionsExercisedInSharebasedPaymentArrangement_iN_di0_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zPA8EAQ1fff9" style="border-bottom: Black 1pt solid; text-align: right" title="Options expired">–</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_ecustom--WeightedAverageSharePriceShareOptionsExpired_d0_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zG9OY0Eax69" style="border-bottom: Black 1pt solid; text-align: right" title="Options expired, weighed average exercise price">–</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">Options outstanding, end of period/year</td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_980_eifrs-full--NumberOfOutstandingShareOptions_iE_uShares_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_z8PjNg1Hqwgh" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Options outstanding, ending balance">808,081</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_982_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iE_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zJWDPLKd36g1" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Weighed average exercise price, ending balance">0.52</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_981_eifrs-full--NumberOfOutstandingShareOptions_iE_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_z8GnpXWZ3kya" style="border-bottom: Black 2.5pt double; text-align: right" title="Options outstanding, ending balance">806,061</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_984_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iE_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_z3tYAolwdsK1" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighed average exercise price, ending balance">0.59</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table>

806061

0.59

528283

0.69

204040

0.59

277778

0.39

202020

0.89

-0

808081

0.52

806061

0.59

<table cellpadding="0" cellspacing="0" id="xdx_889_ecustom--DisclosureOfDetailedInformationAboutStockOptionsOutstandingAndExercisableExplanatory_zH9BgPvG18R" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.3in" summary="xdx: Disclosure - Shareholders' equity and reserves (Details - Stock options outstanding and exercisable)"> <tr style="vertical-align: bottom"> <td colspan="10" style="text-align: center">Schedule of stock options outstanding and exercisable</td><td> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="text-align: center">Options</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Options</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Exercise</td><td> </td><td> </td> <td> </td><td> </td> <td colspan="2" style="text-align: center">Weighted average</td><td> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="text-align: center">outstanding</td><td> </td><td> </td> <td colspan="2" style="text-align: center">exercisable</td><td> </td><td> </td> <td colspan="2" style="text-align: center">price</td><td> </td><td> </td> <td style="text-align: center">Expiry date</td><td> </td> <td colspan="2" style="text-align: center">remaining life</td><td> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">#</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">#</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: center"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">(years)</td><td style="border-bottom: Black 1pt solid"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 1%; text-align: left"> </td><td id="xdx_98D_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice11Member_zz2z3Lxf6wM2" style="width: 16%; text-align: right" title="Options outstanding">25,253</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_980_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice11Member_zD6dRNjNmJdk" style="width: 16%; text-align: right" title="Options exercisable">25,253</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_989_eifrs-full--WeightedAverageSharePrice2019_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice11Member_zVkzYSFhjl5d" style="width: 16%; text-align: right" title="Weighted average exercise price">0.69</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 16%; text-align: right"><span id="xdx_90B_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice11Member_z3NTMBvPH24k" title="Expiry date">January 16, 2028</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span id="xdx_902_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice11Member_z3QFsu8K3gg8" title="Weighted average remaining life">1.80</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice12Member_zymLfaufKCv8" style="text-align: right">73,737</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice12Member_zSa88oevtlT3" style="text-align: right">73,737</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eifrs-full--WeightedAverageSharePrice2019_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice12Member_zUlIxdfLvs6a" style="text-align: right" title="Weighted average exercise price">0.59</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"><span id="xdx_90E_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice12Member_zDFKnZcYNo6i" title="Expiry date">August 24, 2032</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_900_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice12Member_zUeMU0vaPbr1" title="Weighted average remaining life">6.41</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice13Member_zrrpJy2H8QV3" style="text-align: right">227,273</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice13Member_z7FFYwn4mtYf" style="text-align: right">227,273</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--WeightedAverageSharePrice2019_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice13Member_zdf2AyECaJM" style="text-align: right" title="Weighted average exercise price">0.59</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"><span id="xdx_90A_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice13Member_zqzDzkhFCwo6" title="Expiry date">October 12, 2032</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90B_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice13Member_zYD0hDhDyzVc" title="Weighted average remaining life">6.54</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td id="xdx_981_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice14Member_zKdW84IdGXr3" style="text-align: right">277,778</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice14Member_zx2oUZyq3UCa" style="text-align: right">277,778</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--WeightedAverageSharePrice2019_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice14Member_zpxofy6jHCD8" style="text-align: right" title="Weighted average exercise price">0.39</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"><span id="xdx_90D_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice14Member_zcse9FtKJVw5" title="Expiry date">June 12, 2035</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_907_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice14Member_zkxMn40LSSP5" title="Weighted average remaining life">9.21</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice15Member_zjqJ25Z2dgw6" style="border-bottom: Black 1pt solid; text-align: right">204,040</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice15Member_z7jNM1ra5Fei" style="border-bottom: Black 1pt solid; text-align: right">204,040</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_eifrs-full--WeightedAverageSharePrice2019_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice15Member_zxhdB6aDHqO2" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average exercise price">0.59</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_905_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice15Member_zs2SqLimWVM7" title="Expiry date">March 19, 2036</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_90D_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice15Member_z2wD72BxEyh9" title="Weighted average remaining life">9.98</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_989_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zWLLCmOwQbD4" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Options outstanding">808,081</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_988_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zxFyiB6pLUad" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">808,081</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_986_eifrs-full--WeightedAverageSharePrice2019_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_ztP6tyNGBw63" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Weighted average exercise price">0.52</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><span id="xdx_90B_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_z4KssFaUZWl5" title="Weighted average remaining life">8.16</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td></tr> </table>

25253

0.69

2028-01-16

P1Y9M18D

73737

0.59

2032-08-24

P6Y4M28D

227273

0.59

2032-10-12

P6Y6M14D

277778

0.39

2035-06-12

P9Y2M15D

204040

0.59

2036-03-19

P9Y11M23D

808081

0.52

P8Y1M28D

204040

0.59

The fair value was calculated using the following weighted average assumptions: expected life of options – ten years, stock price volatility – 214%, no dividend yield, and a risk-free interest rate – 4%. The fair value is particularly impacted by the Company’s stock price volatility, determined using stock price data from the previous ten years. Using the above assumptions, the fair value of options granted during the three months ended March 31, 2026, was approximately $0.49 per option, for an aggregate total of $100,936.

0.50

The fair value was calculated using the following weighted average assumptions: expected life of options – ten years, stock price volatility – 145%, no dividend yield, and a risk-free interest rate – 4%. The fair value is particularly impacted by the Company’s stock price volatility, determined using stock price data from the previous ten years. Using the above assumptions, the fair value of options granted during the year ended December 31, 2025, was approximately $0.30 per option, for an aggregate total of $121,524.

100936

<table cellpadding="0" cellspacing="0" id="xdx_883_eifrs-full--DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory_z6aQPCsih9n9" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.3in" summary="xdx: Disclosure - Shareholders' equity and reserves (Details - Changes in warrants)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Schedule of changes in warrants</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Period ended March 31, 2026</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; text-align: center">Year ended December 31, 2025</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="2" style="text-align: center">Warrants</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Weighted average exercise price</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Warrants</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Weighted average exercise price</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Warrant liability</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: center"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">#</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">#</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 35%; text-align: left">Warrants outstanding, beginning of period/year</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_987_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iS_uShares_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zxaRR6rrDjKd" style="width: 10%; text-align: right" title="Warrants outstanding, beginning of period/year">3,926,930</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_988_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iS_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_z7M2WKF16SVa" style="width: 8%; text-align: right" title="Weighted average exercise price, beginning of period/year">0.99</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98A_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iS_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_z7pWQ2ZHu7Nl" style="width: 10%; text-align: right" title="Warrants outstanding, beginning of period/year">3,665,657</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iS_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_z4MZBWjYcbFa" style="width: 8%; text-align: right" title="Weighted average exercise price, beginning of period/year">1.06</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_eifrs-full--WarrantLiability_iS_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zKiwlPujOexl" style="width: 10%; text-align: right" title="Warrant liability, beginning balance">857,250</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Issued - unit offerings</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--NumberOfInstrumentsOtherEquityInstrumentsGranted_d0_uShares_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zOX8k5z4VPP5" style="text-align: right" title="Issued - unit offerings">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019_d0_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zIzmSvgNWcW1" style="text-align: right" title="Weighted average exercise price, issued - unit offerings">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--NumberOfInstrumentsOtherEquityInstrumentsGranted_d0_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zeO925VsNoI6" style="text-align: right" title="Issued - unit offerings">2,578,188</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019_d0_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zHuygGgc1PIj" style="text-align: right" title="Weighted average exercise price, issued - unit offerings">0.91</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--WarrantLiabilityIssuedUnitOfferings_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zzIk5HWxyQh8" style="text-align: right" title="Warrant liability, issued - unit offerings">1,201,281</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Issued - finders' warrants</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--NumberOfInstrumentsOtherEquityInstrumentsIssued_d0_uShares_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zwXdAKNgSf35" style="text-align: right" title="Issued - finders' warrants">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--WeightedAverageExercisePriceOfOtherEquityInstrumentsIssuedInSharebasedPaymentArrangement2019_d0_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zfYaTIQLKpWk" style="text-align: right" title="Weighted average exercise price, finders' warrants">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--NumberOfInstrumentsOtherEquityInstrumentsIssued_d0_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zhOsuglw2ICg" style="text-align: right" title="Issued - finders' warrants">284,095</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--WeightedAverageExercisePriceOfOtherEquityInstrumentsIssuedInSharebasedPaymentArrangement2019_d0_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_znUXPsDEcrCa" style="text-align: right" title="Weighted average exercise price, finders' warrants">0.94</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_ecustom--WarrantLiabilityIssuedFindersWarrants_d0_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zWBjPcK6MX44" style="text-align: right" title="Warrant liability, issued - finders' warrants">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Expired</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--NumberOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement_iN_di0_uShares_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zDMQPmaVJkm3" style="text-align: right" title="Expired">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement2019_d0_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_za545MOJdeN4" style="text-align: right" title="Weighted average exercise price, expired">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eifrs-full--NumberOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement_iN_di0_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zSxdYGPgLJd1" style="text-align: right" title="Expired">(2,601,010</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement2019_d0_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zRLZErJUcKw4" style="text-align: right" title="Weighted average exercise price, expired">1.01</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_ecustom--WarrantLiabilityExpired_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_z6pSCoptN5Gk" style="text-align: right" title="Warrant liability, expired">(310,494</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 1pt solid; text-align: left">Fair value adjustment for warrants outstanding</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_ecustom--NumberOfOtherEquityInstrumentsFairValueAdjustmentForWarrantsOutstanding_d0_uShares_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zFCaKYlQnYVd" style="border-bottom: Black 1pt solid; text-align: right" title="Fair value adjustment for warrants outstanding">–</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_ecustom--WeightedAverageExercisePriceOfOtherEquityInstrumentsFairValueAdjustmentForWarrantsOutstanding_d0_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zUFRb2IxiOY6" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average exercise price, fair value adjustment for warrants outstanding">–</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_ecustom--NumberOfOtherEquityInstrumentsFairValueAdjustmentForWarrantsOutstanding_d0_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_z5SFV8qWBL4i" style="border-bottom: Black 1pt solid; text-align: right" title="Fair value adjustment for warrants outstanding">–</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_ecustom--WeightedAverageExercisePriceOfOtherEquityInstrumentsFairValueAdjustmentForWarrantsOutstanding_d0_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zTPEue51kAte" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average exercise price, fair value adjustment for warrants outstanding">–</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_ecustom--WarrantLiabilityFairValueAdjustmentForWarrantsOutstanding_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zJFEL6w2Mw02" style="border-bottom: Black 1pt solid; text-align: right" title="Warrant liability, fair value adjustment for warrants outstanding">84,154</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">Options outstanding, end of period/year</td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_981_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iE_uShares_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zWXXtxwp12N" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Warrants outstanding, ending of period/year">3,926,930</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_984_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iE_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zFWzaEM4ODtc" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Weighted average exercise price, ending of period/year">0.99</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_985_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iE_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zXAov2erjs9e" style="border-bottom: Black 2.5pt double; text-align: right" title="Warrants outstanding, ending of period/year">3,926,930</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_984_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iE_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zsVQoKXdKSSd" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average exercise price, ending of period/year">0.99</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98E_eifrs-full--WarrantLiability_iE_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zUTUCITv3Vp8" style="border-bottom: Black 2.5pt double; text-align: right" title="Warrant liability, ending balance">1,832,191</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table>

3926930

0.99

3665657

1.06

857250

2578188

0.91

1201281 0 0 284095 0.94 0

-0

2601010

1.01

-310494 0 0 0 0 84154

3926930

0.99

3926930

0.99

1832191

<table cellpadding="0" cellspacing="0" id="xdx_88F_eifrs-full--DisclosureOfNumberAndWeightedAverageRemainingContractualLifeOfOutstandingShareOptionsExplanatory_zy1Ixb1fnTKk" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.3in" summary="xdx: Disclosure - Shareholders' equity and reserves (Details - Warrants outstanding and exercisable)"> <tr style="vertical-align: bottom"> <td style="text-align: right" title="Warrants outstanding">Schedule of warrants outstanding and exercisable </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right" title="Exercise price"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center">Warrants</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Exercise</td><td> </td><td> </td> <td> </td><td> </td> <td colspan="2" style="text-align: center">Weighted average</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center">outstanding</td><td> </td><td> </td> <td colspan="2" style="text-align: center">price</td><td> </td><td> </td> <td style="text-align: center">Expiry date</td><td> </td> <td colspan="2" style="text-align: center">remaining life</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: center">#</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: center"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">(years)</td><td style="border-bottom: Black 1pt solid"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td id="xdx_986_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice1Member_zDx61nAZX8Ll" style="width: 23%; text-align: right" title="Warrants outstanding">48,485</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_984_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice1Member_zp4gd2ldV3k1" style="width: 22%; text-align: right" title="Exercise price">1.19</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 22%; text-align: right"><span id="xdx_90F_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice1Member_zDmTbik2iYGk" title="Expiry date">October 25, 2026</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 22%; text-align: right"><span id="xdx_901_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice1Member_zp7zMuXh02ua" title="Weighted average remaining life">0.57</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_989_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice2Member_z7zu3iT47bdd" style="text-align: right" title="Warrants outstanding">606,061</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice2Member_zqx4D2oXnwW" style="text-align: right" title="Exercise price">1.19</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"><span id="xdx_905_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice2Member_zr08mKyEFqZf" title="Expiry date">October 24, 2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_907_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice2Member_zC6c35Fq22R2" title="Weighted average remaining life">1.57</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td id="xdx_981_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice3Member_zVel3TFc72Ae" style="text-align: right" title="Warrants outstanding">326,263</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice3Member_zent9Su5ePlb" style="text-align: right" title="Exercise price">1.19</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"><span id="xdx_90B_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice3Member_zsInWBYCUQf4" title="Expiry date">December 3, 2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice3Member_zsjz3RFT9502" title="Weighted average remaining life">1.68</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_982_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice4Member_zYv4dfKI4Bpj" style="text-align: right" title="Warrants outstanding">1,601,005</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice4Member_zPMQskT6p1jf" style="text-align: right" title="Exercise price">0.89</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"><span id="xdx_90D_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice4Member_zEC7m2tvRWf2" title="Expiry date">December 4, 2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_900_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice4Member_zpOTrV708BF1" title="Weighted average remaining life">1.68</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td id="xdx_987_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice5Member_zEI5sIF5t9a4" style="text-align: right" title="Warrants outstanding">192,320</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice5Member_zzCfdy4qufW" style="text-align: right" title="Exercise price">0.89</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"><span id="xdx_90C_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice5Member_zbcHR1SXwvR3" title="Expiry date">December 4, 2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_908_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice5Member_zgGwfFVxXFHi" title="Weighted average remaining life">1.68</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_98D_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice6Member_zBW5yuVYBkaf" style="text-align: right" title="Warrants outstanding">445,286</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice6Member_zPWmhCXOtdL4" style="text-align: right" title="Exercise price">0.89</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"><span id="xdx_90F_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice6Member_zMds8JAYsMcj" title="Expiry date">December 12, 2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice6Member_z9kyH9T13yvd" title="Weighted average remaining life">1.70</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td id="xdx_982_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice7Member_zyP7rRRY0OE2" style="text-align: right" title="Warrants outstanding">364,119</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice7Member_zIVAuK90yIph" style="text-align: right" title="Exercise price">0.89</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"><span id="xdx_909_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice7Member_zWF8N1igWJC5" title="Expiry date">December 18, 2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_903_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice7Member_zWaFrwlaE83b" title="Weighted average remaining life">1.72</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_989_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice8Member_zf6TjI7xeDSj" style="text-align: right" title="Warrants outstanding">43,290</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice8Member_zRVFAsQJD5N" style="text-align: right" title="Exercise price">0.89</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"><span id="xdx_90E_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice8Member_ztFQipdrI2R2" title="Expiry date">December 18, 2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice8Member_zBXSCDQ8wiU1" title="Weighted average remaining life">1.72</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td id="xdx_98B_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice9Member_ztJIXPvdkVa7" style="text-align: right" title="Warrants outstanding">132,323</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice9Member_zgiRFb81z0Pc" style="text-align: right" title="Exercise price">1.19</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"><span id="xdx_90D_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice9Member_zdNZQNjKQXqd" title="Expiry date">December 23, 2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90E_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice9Member_zrVz8JiXA5Id" title="Weighted average remaining life">1.73</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_980_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice10Member_zw0TmDJwygpb" style="border-bottom: Black 1pt solid; text-align: right" title="Warrants outstanding">167,778</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice10Member_z63GJ7SFHGF4" style="border-bottom: Black 1pt solid; text-align: right" title="Exercise price">1.19</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_902_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice10Member_zuSUAQyOsKFf" title="Expiry date">June 30, 2028</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_904_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice10Member_zHm0AOr20Yle" title="Weighted average remaining life">2.25</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td id="xdx_986_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zVBeS9sNWPj2" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Warrants outstanding">3,926,930</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_98C_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zKUhHTI8m4s" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Exercise price">0.99</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><span id="xdx_901_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260331__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_z0r6OchZuqXi" title="Weighted average remaining life">1.68</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td></tr> </table>

48485

1.19

2026-10-25

P0Y6M25D

606061

1.19

2027-10-24

P1Y6M25D

326263

1.19

2027-12-03

P1Y8M4D

1601005

0.89

2027-12-04

P1Y8M4D

192320

0.89

2027-12-04

P1Y8M4D

445286

0.89

2027-12-12

P1Y8M12D

364119

0.89

2027-12-18

P1Y8M19D

43290

0.89

2027-12-18

P1Y8M19D

132323

1.19

2027-12-23

P1Y8M23D

167778

1.19

2028-06-30

P2Y3M

3926930

0.99

P1Y8M4D

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 22.5pt">5.</td><td style="text-align: justify">Commitment </td></tr></table> Ontario mineral claim holders must satisfy required annual units of assessment work to keep their claims in good standing. They must perform early exploration work and submit an assessment work report through the Mining Lands Administration System (MLAS). Current annual work commitment is $74,800 per annum on the Laird Lake claims. Assessment work has been completed to maintain these claims until January 2027. As at March 31, 2026, the Company had approximately $2,100,000 unspent flow-through expenditure commitments, which are required to be incurred by December 31, 2026. As the Company’s market price of common shares on April 25, 2025, the date of the financing, was $0.50, there was no flow-through premium associated with the private placement.

74800

2100000

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 21.3pt">6.</td><td id="xdx_825_zVHoV8LRziL7" style="text-align: justify">Related party payables and transactions</td></tr></table> The Company’s related parties include key management personnel and their management entities. Key management personnel are those persons having authority and responsibility for planning, directing, and controlling the activities of the entity, directly or indirectly, including any director (whether executive or otherwise) of that entity. There were no loans to key management personnel or their management entities during the three months ended March 31, 2026 and March 31, 2025. During the three months ended March 31, 2026, <span id="xdx_90C_eifrs-full--NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_uShares_c20260101__20260331__ifrs-full--CounterpartiesAxis__custom--DirectorsMember_zXVU7TQE1Byl" title="Options granted">204,040 stock options were granted to directors of the Company to which $100,936 was recognized as share-based payments expense during the period then ended. During the three months ended March 31, 2025, there were no stock options granted to a key management personnel. The Company transacted with the following related parties: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.8in"></td><td style="width: 0.3in">(a)</td><td style="text-align: justify">Koby Kushner is the Chief Executive Officer (“CEO”), a position he has held from March 27, 2025, and is also a director of the Company. Mr. Kushner controls Brie Inc. (“Brie”), which provides executive services to the Company ($8,000 per month). Mr. Kushner is also a controlling shareholder and director of Nemo Resources Inc. (“Nemo”), an entity engaged to provide exploration management services to the Company ($12,000 per month).</td></tr><tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify">John Power was the former CEO of the Company from September 1, 2021 until March 31, 2025, (previously charging US$2,500 per month). Mr. Power is also a Company director. Fees charged by both parties are recognized within general and administrative expenses.</td></tr> <tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td></td><td>(b)</td><td style="text-align: justify">Benjamin Kuzmich is the Vice President of Exploration. He jointly controls Nemo which provides exploration management services to the Company ($12,000 per month). Mr. Kuzmich is also an employee and director of Nemo. Andrew Jedemann is the Exploration Manager for the Company and is a shareholder and employee of Nemo.</td></tr> <tr style="vertical-align: top"> <td> </td><td> </td><td> </td></tr> <tr style="vertical-align: top"> <td></td><td>(c)</td><td style="text-align: justify">Ty Minnick is the Chief Financial Officer (“CFO”). Mr. Minnick provides the Company with accounting, corporate secretarial, and executive services which are recognized within general and administrative expenses.</td></tr></table> In the event of a change of control, Brie will be entitled to a cash payment of 12 times the monthly services fee and for every full year of services completed the change of control fee will increase by three months of services fee. The increase is capped at 18 months of compensation. In the event of a change of control, Nemo will be entitled to a cash payment of no less than $200,000. The transactions and outstanding balances with related parties are as follows: <table cellpadding="0" cellspacing="0" id="xdx_894_ecustom--SmmaryOfRelatedPartyPayablesAndTransactionTableTextBlock_z5cFLl9Pj2Oi" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.3in" summary="xdx: Disclosure - Related party payables and transaction - (Details)"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td> <td id="xdx_8B3_z74dJvuWOMAj" style="display: none">Summary of related party transaction</td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Transactions three months ended March 31, 2026 $</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Transactions three months ended March 31, 2025 $</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Balances outstanding March 31, 2026 $</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Balances outstanding December 31, 2025 $</td><td style="border-bottom: Black 1pt solid"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 3%; text-align: left"> </td> <td style="width: 25%">Brie</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98B_ecustom--ProceedFromFeesReceived_c20260101__20260331__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrieMember_zCVPSuU2PCHh" style="width: 13%; text-align: right" title="Related party transaction amount">24,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_ecustom--ProceedFromFeesReceived_d0_c20250101__20250331__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrieMember_zUJrtyGssrab" style="width: 13%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98F_eifrs-full--DirectorsRemunerationExpense_d0_c20260101__20260331__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrieMember_zxEuVPofUn47" style="width: 13%; text-align: right" title="Related party transaction outstanding">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_eifrs-full--DirectorsRemunerationExpense_d0_c20250101__20250331__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrieMember_zzn0rdB4UGu2" style="width: 13%; text-align: right" title="Related party transaction outstanding">–</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td> <td style="text-align: left">John Power</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--ProceedFromFeesReceived_d0_c20260101__20260331__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JohnPowerMember_zHlnt8BGFgrd" style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--ProceedFromFeesReceived_c20250101__20250331__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JohnPowerMember_zOGlFFKOiZei" style="text-align: right">10,766</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eifrs-full--DirectorsRemunerationExpense_d0_c20260101__20260331__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JohnPowerMember_zJ5iPVwsIx48" style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eifrs-full--DirectorsRemunerationExpense_c20250101__20250331__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JohnPowerMember_z4kSI8ejBvya" style="text-align: right">8,325</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">(1)</td> <td>Nemo</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--ProceedFromFeesReceived_c20260101__20260331__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NemoMember_z3DeruGL1YEd" style="text-align: right">24,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--ProceedFromFeesReceived_d0_c20250101__20250331__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NemoMember_zB2nBfumcrZb" style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eifrs-full--DirectorsRemunerationExpense_d0_c20260101__20260331__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NemoMember_zsJvtyRpB1g" style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--DirectorsRemunerationExpense_d0_c20250101__20250331__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NemoMember_zzLrV2kLeshl" style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">Ty Minnick</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_ecustom--ProceedFromFeesReceived_c20260101__20260331__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TyMinnickMember_zMBNowDjxOZd" style="border-bottom: Black 1pt solid; text-align: right">26,036</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_ecustom--ProceedFromFeesReceived_c20250101__20250331__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TyMinnickMember_z0wEpDgLcYz7" style="border-bottom: Black 1pt solid; text-align: right">16,537</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_eifrs-full--DirectorsRemunerationExpense_c20260101__20260331__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TyMinnickMember_zCGDprvJndI8" style="border-bottom: Black 1pt solid; text-align: right">11,250</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_eifrs-full--DirectorsRemunerationExpense_d0_c20250101__20250331__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TyMinnickMember_zg15XCcNU0b2" style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_988_ecustom--ProceedFromFeesReceived_c20260101__20260331_zoPEJrpR1rH8" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">74,036</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_985_ecustom--ProceedFromFeesReceived_c20250101__20250331_z8pmN5K4ckMi" style="border-bottom: Black 2.5pt double; text-align: right" title="Related party transaction amount">27,303</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_985_eifrs-full--DirectorsRemunerationExpense_c20260101__20260331_zfTDTnuNKqQa" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Related party transaction outstanding">11,250</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_981_eifrs-full--DirectorsRemunerationExpense_c20250101__20250331_zZvx00cDIAW8" style="border-bottom: Black 2.5pt double; text-align: right" title="Related party transaction outstanding">8,325</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 0.3in"> </td> <td style="width: 0.3in">(1)</td> <td>Includes geological services of $21,600 (2025 - $nil) for three months ended March 31, 2026</td> </tr> </table> Balances outstanding with related parties are included within accounts payable and accrued liabilities. Note payable On June 7, 2024, the Company executed a promissory note with John Power, for US$100,000 bearing interest at 6% per annum and maturing on January 2, 2026. The promissory note was repaid in December 2025. Common shares issued in private placements As part of the private placement of units on June 30, 2025, Brie purchased <span id="xdx_907_eifrs-full--NumberOfSharesIssuedAndFullyPaid_iI_c20250630__ifrs-full--CounterpartiesAxis__custom--BrieMember__ifrs-full--ClassesOfShareCapitalAxis__custom--UnitsMember_zNQUaBZ83Jph" title="Number of shares issued">145,455 units in the offering. As part of the private placement of units on December 4, 2025, Brie purchased <span id="xdx_904_eifrs-full--NumberOfSharesIssuedAndFullyPaid_iI_c20251204__ifrs-full--CounterpartiesAxis__custom--BrieMember__ifrs-full--ClassesOfShareCapitalAxis__custom--UnitsMember_zg53WTJfEnZ7" title="Number of shares issued">8,417 units in the offering.

204040

100936 <table cellpadding="0" cellspacing="0" id="xdx_894_ecustom--SmmaryOfRelatedPartyPayablesAndTransactionTableTextBlock_z5cFLl9Pj2Oi" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.3in" summary="xdx: Disclosure - Related party payables and transaction - (Details)"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td> <td id="xdx_8B3_z74dJvuWOMAj" style="display: none">Summary of related party transaction</td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Transactions three months ended March 31, 2026 $</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Transactions three months ended March 31, 2025 $</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Balances outstanding March 31, 2026 $</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Balances outstanding December 31, 2025 $</td><td style="border-bottom: Black 1pt solid"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 3%; text-align: left"> </td> <td style="width: 25%">Brie</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98B_ecustom--ProceedFromFeesReceived_c20260101__20260331__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrieMember_zCVPSuU2PCHh" style="width: 13%; text-align: right" title="Related party transaction amount">24,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_ecustom--ProceedFromFeesReceived_d0_c20250101__20250331__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrieMember_zUJrtyGssrab" style="width: 13%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98F_eifrs-full--DirectorsRemunerationExpense_d0_c20260101__20260331__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrieMember_zxEuVPofUn47" style="width: 13%; text-align: right" title="Related party transaction outstanding">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_eifrs-full--DirectorsRemunerationExpense_d0_c20250101__20250331__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrieMember_zzn0rdB4UGu2" style="width: 13%; text-align: right" title="Related party transaction outstanding">–</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td> <td style="text-align: left">John Power</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--ProceedFromFeesReceived_d0_c20260101__20260331__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JohnPowerMember_zHlnt8BGFgrd" style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--ProceedFromFeesReceived_c20250101__20250331__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JohnPowerMember_zOGlFFKOiZei" style="text-align: right">10,766</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eifrs-full--DirectorsRemunerationExpense_d0_c20260101__20260331__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JohnPowerMember_zJ5iPVwsIx48" style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eifrs-full--DirectorsRemunerationExpense_c20250101__20250331__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JohnPowerMember_z4kSI8ejBvya" style="text-align: right">8,325</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">(1)</td> <td>Nemo</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--ProceedFromFeesReceived_c20260101__20260331__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NemoMember_z3DeruGL1YEd" style="text-align: right">24,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--ProceedFromFeesReceived_d0_c20250101__20250331__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NemoMember_zB2nBfumcrZb" style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eifrs-full--DirectorsRemunerationExpense_d0_c20260101__20260331__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NemoMember_zsJvtyRpB1g" style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--DirectorsRemunerationExpense_d0_c20250101__20250331__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NemoMember_zzLrV2kLeshl" style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">Ty Minnick</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_ecustom--ProceedFromFeesReceived_c20260101__20260331__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TyMinnickMember_zMBNowDjxOZd" style="border-bottom: Black 1pt solid; text-align: right">26,036</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_ecustom--ProceedFromFeesReceived_c20250101__20250331__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TyMinnickMember_z0wEpDgLcYz7" style="border-bottom: Black 1pt solid; text-align: right">16,537</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_eifrs-full--DirectorsRemunerationExpense_c20260101__20260331__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TyMinnickMember_zCGDprvJndI8" style="border-bottom: Black 1pt solid; text-align: right">11,250</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_eifrs-full--DirectorsRemunerationExpense_d0_c20250101__20250331__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TyMinnickMember_zg15XCcNU0b2" style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_988_ecustom--ProceedFromFeesReceived_c20260101__20260331_zoPEJrpR1rH8" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">74,036</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_985_ecustom--ProceedFromFeesReceived_c20250101__20250331_z8pmN5K4ckMi" style="border-bottom: Black 2.5pt double; text-align: right" title="Related party transaction amount">27,303</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_985_eifrs-full--DirectorsRemunerationExpense_c20260101__20260331_zfTDTnuNKqQa" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Related party transaction outstanding">11,250</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_981_eifrs-full--DirectorsRemunerationExpense_c20250101__20250331_zZvx00cDIAW8" style="border-bottom: Black 2.5pt double; text-align: right" title="Related party transaction outstanding">8,325</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 0.3in"> </td> <td style="width: 0.3in">(1)</td> <td>Includes geological services of $21,600 (2025 - $nil) for three months ended March 31, 2026</td> </tr> </table> 24000 0

0 10766

8325

24000 0

26036 16537

11250

74036 27303

11250

8325

100000

0.06

2026-01-02

145455

8417

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 21.3pt">7.</td> <td id="xdx_820_zKBJPYyjzkq4" style="text-align: justify">Supplemental disclosures with respect to cash flows</td></tr> </table> Changes in non-cash working capital during the three months ended March 31, 2026 and March 31, 2025, comprise the following: <table cellpadding="0" cellspacing="0" id="xdx_89F_ecustom--SupplementalDisclosuresWithRespectToCashFlowsTableTextBlock_zJvDTFaeYB33" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.3in" summary="xdx: Disclosure - Supplemental disclosures with respect to cash flows - (Details)"> <tr style="vertical-align: bottom"> <td id="xdx_8B1_zXEfP8SNLdH2" style="display: none">Summary of supplemental cash flow</td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_497_20260101__20260331_zugLcg2Ovilb" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" id="xdx_497_20250101__20250331_znwndg1sT6Aj" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">March 31,</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center">March 31,</td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">2026</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center">2025</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid"> </td></tr> <tr id="xdx_404_eifrs-full--AdjustmentsForDecreaseIncreaseInPrepaidExpenses_maAFIDIzqOe_zikSbRghxxba" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 62%; text-align: left">Prepayments and receivables</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right">85,912</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right">65,385</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_eifrs-full--AdjustmentsForIncreaseDecreaseInTradeAccountPayable_maAFIDIzqOe_zg4joZFtXoai" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Accounts payable and accrued liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,544</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,640</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_ecustom--AdjustmentsForIncreaseDecreaseInAccountsPayableRelatedParty_d0_maAFIDIzqOe_zHUZdrOXqck5" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 1pt solid; text-align: left">Accounts payable to related parties</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(3,372</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr id="xdx_40E_ecustom--AdjustmentsForIncreaseDecreaseOfSupplementalDisclosures_maAFIDIzqOe_zELm410GN4R2" style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">Net change</td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">84,368</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">91,653</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> During the three months ended March 31, 2026 and March 31, 2025, there were no non-cash financing activities or non-cash investing activities. During the three months ended March 31, 2026 and March 31, 2025, no amounts were paid for interest or income taxes.

<table cellpadding="0" cellspacing="0" id="xdx_89F_ecustom--SupplementalDisclosuresWithRespectToCashFlowsTableTextBlock_zJvDTFaeYB33" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.3in" summary="xdx: Disclosure - Supplemental disclosures with respect to cash flows - (Details)"> <tr style="vertical-align: bottom"> <td id="xdx_8B1_zXEfP8SNLdH2" style="display: none">Summary of supplemental cash flow</td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_497_20260101__20260331_zugLcg2Ovilb" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" id="xdx_497_20250101__20250331_znwndg1sT6Aj" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">March 31,</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center">March 31,</td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">2026</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center">2025</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid"> </td></tr> <tr id="xdx_404_eifrs-full--AdjustmentsForDecreaseIncreaseInPrepaidExpenses_maAFIDIzqOe_zikSbRghxxba" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 62%; text-align: left">Prepayments and receivables</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right">85,912</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right">65,385</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_eifrs-full--AdjustmentsForIncreaseDecreaseInTradeAccountPayable_maAFIDIzqOe_zg4joZFtXoai" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Accounts payable and accrued liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,544</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,640</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_ecustom--AdjustmentsForIncreaseDecreaseInAccountsPayableRelatedParty_d0_maAFIDIzqOe_zHUZdrOXqck5" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 1pt solid; text-align: left">Accounts payable to related parties</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(3,372</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr id="xdx_40E_ecustom--AdjustmentsForIncreaseDecreaseOfSupplementalDisclosures_maAFIDIzqOe_zELm410GN4R2" style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">Net change</td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">84,368</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">91,653</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table>

85912

65385

-1544

29640

0 -3372 84368 91653

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 21.3pt">8.</td> <td id="xdx_822_zYSHc8g0jUKa" style="text-align: justify">Financial risk management</td></tr> </table> Capital management The Company manages its capital structure and adjusts it, based on the funds available to the Company, to support the acquisition and exploration of exploration and evaluation assets. In the management of capital, the Company includes components of shareholders’ equity. The Board of Directors does not establish quantitative return on capital criteria for management but rather relies on the expertise of the Company’s management to sustain future development of the business. The properties in which the Company currently has an interest are in the exploration stage as such the Company is dependent on external financing to fund activities. To carry out planned exploration and pay for administrative costs, the Company will spend its existing working capital and raise additional funds as needed. The Company will continue to assess new properties and seek to acquire an interest in additional properties if it feels there is sufficient geological or economic potential, fits with the existing asset portfolio, and if it has adequate sufficient financial resources to do so. The Company is not currently subject to externally imposed capital requirements. There were no changes to the Company’s capital management during the three months ended March 31, 2026. Financial instruments - fair value Financial instruments measured at fair value on the condensed interim consolidated statements of financial position are summarized into the following fair value hierarchy levels: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.5in"></td><td style="width: 0.3in">·</td><td style="text-align: justify">Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities.</td></tr> <tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td></td><td>·</td><td style="text-align: justify">Level 2: inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e., as prices) or indirectly (i.e., derived from prices).</td></tr> <tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td></td><td>·</td><td style="text-align: justify">Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).</td></tr></table> <table cellpadding="0" cellspacing="0" id="xdx_892_ecustom--DisclosureOfFairValueOfFinancialInstrumentsAndRiskManagementExplanatory_zvNAwc2CItK" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.3in" summary="xdx: Disclosure - Financial risk management - (Details)"> <tr style="vertical-align: bottom"> <td id="xdx_8B7_ztnQF0kxK2ag" style="display: none; text-align: left">Summary of financial risk management</td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Level 1</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Level 2</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Level 3</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="font-weight: bold; text-align: left">March 31, 2026</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; padding-left: 10pt; width: 28%; text-align: left">Investments in securities</td><td style="border-bottom: Black 1pt solid; width: 2%"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td id="xdx_98F_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20260331__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--InvestmentSecuritiesMember_zOb5hlsdNE6l" style="border-bottom: Black 1pt solid; width: 13%; text-align: right" title="Financial investment securities and liability">2,165,237</td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 2%"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td id="xdx_987_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_d0_c20260331__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--InvestmentSecuritiesMember_zKgtVbMSeWoe" style="border-bottom: Black 1pt solid; width: 13%; text-align: right" title="Financial investment securities and liability">–</td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 2%"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td id="xdx_98B_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_d0_c20260331__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--InvestmentSecuritiesMember_ziWO0U4LHlWj" style="border-bottom: Black 1pt solid; width: 13%; text-align: right" title="Financial investment securities and liability">–</td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 2%"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td id="xdx_984_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20260331__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--InvestmentSecuritiesMember_zOiauUjgkXc8" style="border-bottom: Black 1pt solid; width: 13%; text-align: right" title="Financial investment securities and liability">2,165,237</td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98D_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20260331__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_znCmAwYDCW9h" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Financial investment securities and liability">2,165,237</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_984_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_d0_c20260331__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zVRZd13qHz7k" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Financial investment securities and liability">–</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_982_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_d0_c20260331__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_z1oVRY1rneYl" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Financial investment securities and liability">–</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_981_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20260331_zAlEQYCZ71Dc" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Financial investment securities and liability">2,165,237</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">December 31, 2025</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Investments in securities</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--InvestmentSecuritiesMember_zyl7T2lunCgh" style="text-align: right" title="Financial investment securities and liability">4,030,559</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_d0_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--InvestmentSecuritiesMember_zt1RemqFXe8i" style="text-align: right" title="Financial investment securities and liability">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_d0_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--InvestmentSecuritiesMember_zgOCbSEezF1i" style="text-align: right" title="Financial investment securities and liability">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20251231__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--InvestmentSecuritiesMember_zquqZMugjia2" style="text-align: right" title="Financial investment securities and liability">4,030,559</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 1pt solid; padding-left: 10pt; text-align: left">Warrant liability</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_d0_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--WarrantLiabilityMember_zv45O5ZTdd3d" style="border-bottom: Black 1pt solid; text-align: right" title="Financial investment securities and liability">–</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_d0_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--WarrantLiabilityMember_zizPlVZIBdoa" style="border-bottom: Black 1pt solid; text-align: right" title="Financial investment securities and liability">–</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--WarrantLiabilityMember_zFfNchPFBqQ4" style="border-bottom: Black 1pt solid; text-align: right" title="Financial investment securities and liability">(1,832,191</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20251231__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--WarrantLiabilityMember_zqenBcf3Wvag" style="border-bottom: Black 1pt solid; text-align: right" title="Financial investment securities and liability">(1,832,191</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_981_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zuhEqoqV1Jwe" style="border-bottom: Black 2.5pt double; text-align: right" title="Financial investment securities and liability">4,030,559</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_988_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_d0_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zdAtRlm2lrza" style="border-bottom: Black 2.5pt double; text-align: right" title="Financial investment securities and liability">–</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98C_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zhhVeXv7abH" style="border-bottom: Black 2.5pt double; text-align: right" title="Financial investment securities and liability">(1,832,191</td><td style="border-bottom: Black 2.5pt double; text-align: left">)</td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98F_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20251231_ze1kpyJGvED" style="border-bottom: Black 2.5pt double; text-align: right" title="Financial investment securities and liability">2,198,368</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> The fair value of cash and accounts payable approximate their carrying values due to their short term to maturity. The investment in securities is recorded at the fair value through profit and loss using Level 1 inputs. The warrant liability was measured at fair value through profit and loss using level 3 inputs. During the three months ended March 31, 2026 and the year ended December 31, 2025, there were no transfers between categories in the fair value hierarchy. Financial instruments – risk Credit risk Credit risk is the risk of financial loss to the Company if a counterparty fails to meet an obligation under contract. Credit risk exposure arises with respect to the Company’s cash and cash equivalents, including cash and a guaranteed investment certificate held in a financial institution, and deposits. The risk exposure is limited because the Company places its cash and cash equivalents in institutions of high credit worthiness within Canada and the United States. The Company’s investment in securities is exposed to credit risk. Liquidity risk Liquidity risk is the risk that the Company will encounter difficulty in meeting obligations associated with its financial liabilities. As the Company’s operations do not generate cash, financial liabilities are discharged using funding through the issuance of common shares or debt as required. As at March 31, 2026, the Company had sufficient cash on hand to discharge its financial liabilities as they become due. Refer to Note 1 for going concern disclosures. Market risk Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises three types of risk: currency risk, interest rate risk, and other price risk. The Company is not exposed to material other price risk as it does not have any financial instruments subject to this risk. The Company’s exposure to and management of market risk has not changed materially from the prior year. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.3in"></td><td style="width: 0.25in">(i)</td><td style="text-align: justify">Interest rate risk</td></tr></table> Interest rate risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company does not hold any financial instruments with variable interest rates, other than cash equivalents and, therefore, is not exposed to significant interest rate risk. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.3in"></td><td style="width: 0.25in">(ii)</td><td style="text-align: justify">Currency risk</td></tr></table> Foreign exchange risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The Company is exposed to foreign currency risk to the extent that monetary assets and liabilities held by the Company are not denominated in its functional currency. The Company does not manage currency risk through hedging or other currency management tools. At March 31, 2026, the Company is exposed to foreign exchange risk through certain payables denominated in US dollars. The Company does not consider exposure to foreign exchange risk to be material. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.3in"></td><td style="width: 0.25in">(iii)</td><td style="text-align: justify">Commodity price risk</td></tr></table> The Company’s ability to raise capital to fund exploration or development activities is subject to risks associated with fluctuations in the market price of gold. The Company closely monitors commodity prices to determine the appropriate course of action to be taken.

<table cellpadding="0" cellspacing="0" id="xdx_892_ecustom--DisclosureOfFairValueOfFinancialInstrumentsAndRiskManagementExplanatory_zvNAwc2CItK" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.3in" summary="xdx: Disclosure - Financial risk management - (Details)"> <tr style="vertical-align: bottom"> <td id="xdx_8B7_ztnQF0kxK2ag" style="display: none; text-align: left">Summary of financial risk management</td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Level 1</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Level 2</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Level 3</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="font-weight: bold; text-align: left">March 31, 2026</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; padding-left: 10pt; width: 28%; text-align: left">Investments in securities</td><td style="border-bottom: Black 1pt solid; width: 2%"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td id="xdx_98F_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20260331__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--InvestmentSecuritiesMember_zOb5hlsdNE6l" style="border-bottom: Black 1pt solid; width: 13%; text-align: right" title="Financial investment securities and liability">2,165,237</td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 2%"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td id="xdx_987_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_d0_c20260331__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--InvestmentSecuritiesMember_zKgtVbMSeWoe" style="border-bottom: Black 1pt solid; width: 13%; text-align: right" title="Financial investment securities and liability">–</td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 2%"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td id="xdx_98B_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_d0_c20260331__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--InvestmentSecuritiesMember_ziWO0U4LHlWj" style="border-bottom: Black 1pt solid; width: 13%; text-align: right" title="Financial investment securities and liability">–</td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 2%"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td id="xdx_984_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20260331__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--InvestmentSecuritiesMember_zOiauUjgkXc8" style="border-bottom: Black 1pt solid; width: 13%; text-align: right" title="Financial investment securities and liability">2,165,237</td><td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98D_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20260331__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_znCmAwYDCW9h" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Financial investment securities and liability">2,165,237</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_984_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_d0_c20260331__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zVRZd13qHz7k" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Financial investment securities and liability">–</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_982_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_d0_c20260331__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_z1oVRY1rneYl" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Financial investment securities and liability">–</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_981_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20260331_zAlEQYCZ71Dc" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Financial investment securities and liability">2,165,237</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">December 31, 2025</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Investments in securities</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--InvestmentSecuritiesMember_zyl7T2lunCgh" style="text-align: right" title="Financial investment securities and liability">4,030,559</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_d0_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--InvestmentSecuritiesMember_zt1RemqFXe8i" style="text-align: right" title="Financial investment securities and liability">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_d0_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--InvestmentSecuritiesMember_zgOCbSEezF1i" style="text-align: right" title="Financial investment securities and liability">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20251231__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--InvestmentSecuritiesMember_zquqZMugjia2" style="text-align: right" title="Financial investment securities and liability">4,030,559</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 1pt solid; padding-left: 10pt; text-align: left">Warrant liability</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_d0_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--WarrantLiabilityMember_zv45O5ZTdd3d" style="border-bottom: Black 1pt solid; text-align: right" title="Financial investment securities and liability">–</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_d0_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--WarrantLiabilityMember_zizPlVZIBdoa" style="border-bottom: Black 1pt solid; text-align: right" title="Financial investment securities and liability">–</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--WarrantLiabilityMember_zFfNchPFBqQ4" style="border-bottom: Black 1pt solid; text-align: right" title="Financial investment securities and liability">(1,832,191</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20251231__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--WarrantLiabilityMember_zqenBcf3Wvag" style="border-bottom: Black 1pt solid; text-align: right" title="Financial investment securities and liability">(1,832,191</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_981_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zuhEqoqV1Jwe" style="border-bottom: Black 2.5pt double; text-align: right" title="Financial investment securities and liability">4,030,559</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_988_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_d0_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zdAtRlm2lrza" style="border-bottom: Black 2.5pt double; text-align: right" title="Financial investment securities and liability">–</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98C_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zhhVeXv7abH" style="border-bottom: Black 2.5pt double; text-align: right" title="Financial investment securities and liability">(1,832,191</td><td style="border-bottom: Black 2.5pt double; text-align: left">)</td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98F_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20251231_ze1kpyJGvED" style="border-bottom: Black 2.5pt double; text-align: right" title="Financial investment securities and liability">2,198,368</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> 2165237 0 0 2165237 2165237 0 0 2165237 4030559 0 0 4030559 0 0 -1832191 -1832191 4030559 0 -1832191 2198368

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 21.3pt">9.</td><td id="xdx_825_zCGKEqODlj9a" style="text-align: justify">Segmented information</td></tr></table> The Company operates in one reportable operating segment being the acquisition, exploration, and evaluation of mineral properties in Canada and the USA. As at March 31, 2026, the Company holds non-current assets comprising mineral property interests of $4,791,780 (December 31, 2025 - $4,791,780) in the USA. The remainder of the Company’s non-current assets are located in Canada.

4791780

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 21.3pt">10.</td><td id="xdx_829_zdntvfLivp33" style="text-align: justify">Events after the reporting period</td></tr></table> In April 2026, the Company was awarded $<span id="xdx_900_ecustom--NondilutiveGrantFundingOfStockOptions_iI_pip0_c20260430__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventMember_z2D2X6CZQP8k" title="Non-dilutive grant funding of stock options">200,000 in non-dilutive grant funding from the Ontario government through the Ontario Junior Exploration Program (“OJEP”) administered by the Ontario Ministry of Mines. In April 2026, the Company granted 250,000 stock options exercisable at $<span id="xdx_90A_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_pip0_c20260430__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventMember_z4AgL7yZNPzc" title="Options exercise price">0.49 each to an officer and certain consultants of the Company. The options vested immediately and have a ten year term to expiry.

200000

250000

0.49