0001304409 2026-01-01 2026-06-30 0001304409 2026-06-30 0001304409 2025-12-31 0001304409 2024-12-31 0001304409 ifrs-full:IssuedCapitalMember 2024-12-31 0001304409 ifrs-full:OtherReservesMember 2024-12-31 0001304409 AHNR:CumulativeTranslationAdjustmentMember 2024-12-31 0001304409 ifrs-full:RetainedEarningsMember 2024-12-31 0001304409 ifrs-full:IssuedCapitalMember 2025-12-31 0001304409 ifrs-full:OtherReservesMember 2025-12-31 0001304409 AHNR:CumulativeTranslationAdjustmentMember 2025-12-31 0001304409 ifrs-full:RetainedEarningsMember 2025-12-31 0001304409 ifrs-full:IssuedCapitalMember 2025-01-01 2025-06-30 0001304409 ifrs-full:OtherReservesMember 2025-01-01 2025-06-30 0001304409 AHNR:CumulativeTranslationAdjustmentMember 2025-01-01 2025-06-30 0001304409 ifrs-full:RetainedEarningsMember 2025-01-01 2025-06-30 0001304409 2025-01-01 2025-06-30 0001304409 ifrs-full:IssuedCapitalMember 2026-01-01 2026-06-30 0001304409 ifrs-full:OtherReservesMember 2026-01-01 2026-06-30 0001304409 AHNR:CumulativeTranslationAdjustmentMember 2026-01-01 2026-06-30 0001304409 ifrs-full:RetainedEarningsMember 2026-01-01 2026-06-30 0001304409 ifrs-full:IssuedCapitalMember 2025-06-30 0001304409 ifrs-full:OtherReservesMember 2025-06-30 0001304409 AHNR:CumulativeTranslationAdjustmentMember 2025-06-30 0001304409 ifrs-full:RetainedEarningsMember 2025-06-30 0001304409 2025-06-30 0001304409 ifrs-full:IssuedCapitalMember 2026-06-30 0001304409 ifrs-full:OtherReservesMember 2026-06-30 0001304409 AHNR:CumulativeTranslationAdjustmentMember 2026-06-30 0001304409 ifrs-full:RetainedEarningsMember 2026-06-30 0001304409 2026-04-01 2026-06-30 0001304409 2025-04-01 2025-06-30 0001304409 ifrs-full:PreviouslyStatedMember 2025-01-02 0001304409 AHNR:AdjustmentMember 2025-01-02 0001304409 2025-01-02 0001304409 AHNR:CarltonPreciousIncMember 2026-06-30 0001304409 AHNR:CarltonPreciousIncMember 2025-12-31 0001304409 AHNR:MammothMineralsLimitedMember 2026-06-30 0001304409 AHNR:MammothMineralsLimitedMember 2025-12-31 0001304409 AHNR:BravadaGoldCorporationMember 2026-06-30 0001304409 AHNR:BravadaGoldCorporationMember 2025-12-31 0001304409 AHNR:ExcelsiorSpringsMember 2025-12-31 0001304409 AHNR:ExcelsiorSpringsMember 2026-01-01 2026-06-30 0001304409 AHNR:ExcelsiorSpringsMember 2026-06-30 0001304409 AHNR:LairdAndOnemanMember 2025-12-31 0001304409 AHNR:LairdAndOnemanMember 2026-01-01 2026-06-30 0001304409 AHNR:LairdAndOnemanMember 2026-06-30 0001304409 AHNR:ForesterMember 2025-12-31 0001304409 AHNR:ForesterMember 2026-01-01 2026-06-30 0001304409 AHNR:ForesterMember 2026-06-30 0001304409 AHNR:ExcelsiorSpringsMember 2024-12-31 0001304409 AHNR:ExcelsiorSpringsMember 2025-01-01 2025-06-30 0001304409 AHNR:ExcelsiorSpringsMember 2025-06-30 0001304409 AHNR:LairdLakeMember 2026-01-01 2026-06-30 0001304409 AHNR:LairdLakeMember 2025-01-01 2025-06-30 0001304409 AHNR:NubianUSAMember 2021-12-31 0001304409 AHNR:NetSmelterReturnsMember 2021-12-31 0001304409 AHNR:NetSmelterReturnsMember 2021-01-01 2021-12-31 0001304409 AHNR:FortunasAndProutMember 2022-12-31 0001304409 AHNR:FortunasAndProutMember 2024-12-31 0001304409 AHNR:FortunasAndProutMember 2022-01-01 2022-12-31 0001304409 AHNR:FortunasAndProutMember 2024-01-01 2024-12-31 0001304409 AHNR:MammothMember 2025-05-28 0001304409 AHNR:MammothMember 2025-05-27 2025-05-28 0001304409 AHNR:OnemanLakeMember 2024-12-31 0001304409 AHNR:BountyGoldMember 2025-08-19 0001304409 AHNR:BountyGoldMember 2025-08-18 2025-08-19 0001304409 AHNR:BountyGoldMember AHNR:NonadjustingEventMember 2026-08-19 0001304409 AHNR:BountyGoldOneMember 2026-06-30 0001304409 AHNR:BountyGoldTwoMember 2026-06-30 0001304409 AHNR:BountyGoldMember 2026-06-30 0001304409 AHNR:OptionToBountyGoldToAcquireLairdLakeProjectMember 2026-06-30 0001304409 AHNR:OptionToBountyGoldToAcquireLairdLakeProjectMember 2026-01-01 2026-06-30 0001304409 AHNR:OptionToBountyGoldToAcquireLairdLakeProject1Member 2026-06-30 0001304409 AHNR:OptionToBountyGoldToAcquireLairdLakeProject1Member 2026-01-01 2026-06-30 0001304409 AHNR:OptionToBountyGoldToAcquireLairdLakeProject2Member 2026-06-30 0001304409 AHNR:OptionToBountyGoldToAcquireLairdLakeProject2Member 2026-01-01 2026-06-30 0001304409 AHNR:NSRMember 2026-01-01 2026-06-30 0001304409 AHNR:WabauskangMember 2026-02-19 2026-02-20 0001304409 AHNR:WabauskangMember 2026-02-20 0001304409 AHNR:ForesterGoldProjectMember 2026-03-12 0001304409 AHNR:ForesterGoldProjectMember 2026-03-11 2026-03-12 0001304409 AHNR:LastBountyGoldCorpMember 2026-03-01 2026-03-31 0001304409 AHNR:ExplorationRelatedServicesMember 2026-01-01 2026-06-30 0001304409 AHNR:ExplorationRelatedServicesMember 2026-06-30 0001304409 AHNR:ConsultingServicesMember 2026-01-01 2026-06-30 0001304409 AHNR:ConsultingServicesMember 2026-06-30 0001304409 AHNR:LairdLakeAndOnemanLakeProjectsMember 2025-04-24 2025-04-25 0001304409 2025-04-24 2025-04-25 0001304409 AHNR:DirectorsMember 2026-01-01 2026-06-30 0001304409 AHNR:ConsultantsAndOfficerMember 2026-01-01 2026-06-30 0001304409 AHNR:DirectorsAndConsultantsMember 2025-01-01 2025-12-31 0001304409 AHNR:StockOptionsMember 2025-12-31 0001304409 AHNR:StockOptionsMember 2024-12-31 0001304409 AHNR:StockOptionsMember 2026-01-01 2026-06-30 0001304409 AHNR:StockOptionsMember 2025-01-01 2025-12-31 0001304409 AHNR:StockOptionsMember 2026-06-30 0001304409 AHNR:ExercisePrice11Member AHNR:StockOptionsMember 2026-06-30 0001304409 AHNR:ExercisePrice11Member AHNR:StockOptionsMember 2026-01-01 2026-06-30 0001304409 AHNR:ExercisePrice12Member AHNR:StockOptionsMember 2026-06-30 0001304409 AHNR:ExercisePrice12Member AHNR:StockOptionsMember 2026-01-01 2026-06-30 0001304409 AHNR:ExercisePrice13Member AHNR:StockOptionsMember 2026-06-30 0001304409 AHNR:ExercisePrice13Member AHNR:StockOptionsMember 2026-01-01 2026-06-30 0001304409 AHNR:ExercisePrice14Member AHNR:StockOptionsMember 2026-06-30 0001304409 AHNR:ExercisePrice14Member AHNR:StockOptionsMember 2026-01-01 2026-06-30 0001304409 AHNR:ExercisePrice15Member AHNR:StockOptionsMember 2026-06-30 0001304409 AHNR:ExercisePrice15Member AHNR:StockOptionsMember 2026-01-01 2026-06-30 0001304409 AHNR:ExercisePrice16Member AHNR:StockOptionsMember 2026-06-30 0001304409 AHNR:ExercisePrice16Member AHNR:StockOptionsMember 2026-01-01 2026-06-30 0001304409 ifrs-full:WarrantsMember 2025-12-31 0001304409 ifrs-full:WarrantsMember 2024-12-31 0001304409 ifrs-full:WarrantsMember 2026-01-01 2026-06-30 0001304409 ifrs-full:WarrantsMember 2025-01-01 2025-12-31 0001304409 ifrs-full:WarrantsMember 2026-06-30 0001304409 AHNR:ExercisePrice1Member ifrs-full:WarrantsMember 2026-06-30 0001304409 AHNR:ExercisePrice1Member ifrs-full:WarrantsMember 2026-01-01 2026-06-30 0001304409 AHNR:ExercisePrice2Member ifrs-full:WarrantsMember 2026-06-30 0001304409 AHNR:ExercisePrice2Member ifrs-full:WarrantsMember 2026-01-01 2026-06-30 0001304409 AHNR:ExercisePrice3Member ifrs-full:WarrantsMember 2026-06-30 0001304409 AHNR:ExercisePrice3Member ifrs-full:WarrantsMember 2026-01-01 2026-06-30 0001304409 AHNR:ExercisePrice4Member ifrs-full:WarrantsMember 2026-06-30 0001304409 AHNR:ExercisePrice4Member ifrs-full:WarrantsMember 2026-01-01 2026-06-30 0001304409 AHNR:ExercisePrice5Member ifrs-full:WarrantsMember 2026-06-30 0001304409 AHNR:ExercisePrice5Member ifrs-full:WarrantsMember 2026-01-01 2026-06-30 0001304409 AHNR:ExercisePrice6Member ifrs-full:WarrantsMember 2026-06-30 0001304409 AHNR:ExercisePrice6Member ifrs-full:WarrantsMember 2026-01-01 2026-06-30 0001304409 AHNR:ExercisePrice7Member ifrs-full:WarrantsMember 2026-06-30 0001304409 AHNR:ExercisePrice7Member ifrs-full:WarrantsMember 2026-01-01 2026-06-30 0001304409 AHNR:ExercisePrice8Member ifrs-full:WarrantsMember 2026-06-30 0001304409 AHNR:ExercisePrice8Member ifrs-full:WarrantsMember 2026-01-01 2026-06-30 0001304409 AHNR:ExercisePrice9Member ifrs-full:WarrantsMember 2026-06-30 0001304409 AHNR:ExercisePrice9Member ifrs-full:WarrantsMember 2026-01-01 2026-06-30 0001304409 AHNR:ExercisePrice10Member ifrs-full:WarrantsMember 2026-06-30 0001304409 AHNR:ExercisePrice10Member ifrs-full:WarrantsMember 2026-01-01 2026-06-30 0001304409 AHNR:LairdLakeClaimsMember 2026-06-30 0001304409 AHNR:ConsultantMember 2026-01-01 2026-06-30 0001304409 AHNR:JohnPowerMember 2024-06-07 0001304409 AHNR:JohnPowerMember 2024-06-06 2024-06-07 0001304409 AHNR:UnitsMember AHNR:BrieMember 2025-06-30 0001304409 AHNR:UnitsMember AHNR:BrieMember 2025-12-04 0001304409 AHNR:BrieMember 2026-01-01 2026-06-30 0001304409 AHNR:BrieMember 2025-01-01 2025-06-30 0001304409 AHNR:JohnPowerMember 2026-01-01 2026-06-30 0001304409 AHNR:JohnPowerMember 2025-01-01 2025-06-30 0001304409 AHNR:DavidGoodmanMember 2026-01-01 2026-06-30 0001304409 AHNR:DavidGoodmanMember 2025-01-01 2025-06-30 0001304409 AHNR:JohnHinerMember 2026-01-01 2026-06-30 0001304409 AHNR:JohnHinerMember 2025-01-01 2025-06-30 0001304409 AHNR:BrianPowerMember 2026-01-01 2026-06-30 0001304409 AHNR:BrianPowerMember 2025-01-01 2025-06-30 0001304409 AHNR:NemoMember 2026-01-01 2026-06-30 0001304409 AHNR:NemoMember 2025-01-01 2025-06-30 0001304409 AHNR:TyMinnickMember 2026-01-01 2026-06-30 0001304409 AHNR:TyMinnickMember 2025-01-01 2025-06-30 0001304409 AHNR:InvestmentSecuritiesMember ifrs-full:Level1OfFairValueHierarchyMember 2026-06-30 0001304409 AHNR:InvestmentSecuritiesMember ifrs-full:Level2OfFairValueHierarchyMember 2026-06-30 0001304409 AHNR:InvestmentSecuritiesMember ifrs-full:Level3OfFairValueHierarchyMember 2026-06-30 0001304409 AHNR:InvestmentSecuritiesMember 2026-06-30 0001304409 ifrs-full:Level1OfFairValueHierarchyMember 2026-06-30 0001304409 ifrs-full:Level2OfFairValueHierarchyMember 2026-06-30 0001304409 ifrs-full:Level3OfFairValueHierarchyMember 2026-06-30 0001304409 AHNR:InvestmentSecuritiesMember ifrs-full:Level1OfFairValueHierarchyMember 2025-12-31 0001304409 AHNR:InvestmentSecuritiesMember ifrs-full:Level2OfFairValueHierarchyMember 2025-12-31 0001304409 AHNR:InvestmentSecuritiesMember ifrs-full:Level3OfFairValueHierarchyMember 2025-12-31 0001304409 AHNR:InvestmentSecuritiesMember 2025-12-31 0001304409 AHNR:WarrantLiabilityMember ifrs-full:Level1OfFairValueHierarchyMember 2025-12-31 0001304409 AHNR:WarrantLiabilityMember ifrs-full:Level2OfFairValueHierarchyMember 2025-12-31 0001304409 AHNR:WarrantLiabilityMember ifrs-full:Level3OfFairValueHierarchyMember 2025-12-31 0001304409 AHNR:WarrantLiabilityMember 2025-12-31 0001304409 ifrs-full:Level1OfFairValueHierarchyMember 2025-12-31 0001304409 ifrs-full:Level2OfFairValueHierarchyMember 2025-12-31 0001304409 ifrs-full:Level3OfFairValueHierarchyMember 2025-12-31 0001304409 AHNR:MineralPropertyMember 2026-06-30 0001304409 AHNR:MineralPropertyMember 2025-12-31 iso4217:USD shares pure iso4217:CAD iso4217:CAD shares iso4217:AUD AHNR:Integer false --12-31 Q2 0001304409 0 6-K 2026-06-30 2026 000-51808 Athena Gold Corporation Suite 301 15 Toronto St, Toronto ON M5C 2E3 1446033 2839369 347896 464906 796846 166073 1395719 4030559 540814 3306658 7666774 1054783 0 0 24977 7910012 4834615 7840981 7910012 4834615 7865958 11216670 12501389 8920741 407159 50894 198422 0 1832191 857250 407159 1883085 1055672 0 0 148623 407159 1883085 1204295 31059350 25172222 22204510 872472 812585 568124 0 -430033 -308667 -21122311 -14936470 -14747521 10809511 10618304 7716446 11216670 12501389 8920741 19677134 22204510 568124 -308667 -14747521 7716446 1881010 931100 931100 -73490 -73490 223963 110862 -110862 4430830 125827 125827 -21832 -21832 -43927 -43927 26212937 23172982 583089 -330499 -14791448 8634124 31567535 25172222 812585 -430033 -14936470 10618304 1717937 -162228 430033 -1207052 778690 4242429 2310000 2310000 56768 27000 27000 1832191 1832191 222115 222115 -4978789 -4978789 35866732 31059350 872472 -21122311 10809511 1897748 354992 1793147 431615 404253 379523 715288 681502 -2302001 -734515 -2508435 -1113117 0 -2069 0 -4194 15304 30033 15744 30033 34251 -9776 35051 -9776 0 41866 0 465145 -681427 482882 -2521149 587982 -2933873 -191579 -4978789 -43927 35826732 21203818 34061988 20444694 35826732 21203818 34061988 20444694 -0.08 -0.01 -0.15 -0.00 -0.08 -0.01 -0.15 -0.00 -4978789 -43927 6000 0 222115 125827 21000 0 35051 -9776 -0 465145 -2521149 587982 -0 21832 688205 346094 -1555371 -637189 0 931100 0 931100 13293 0 148742 112399 162035 112399 -1393336 406310 2839369 347896 1446033 754206 <p id="xdx_80F_eifrs-full--DisclosureOfExpensesByNatureExplanatory_zVc4ev7wUnh5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif"><b><br/> </b></span></p> <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: 0.05in"></td><td style="width: 0.25in"><b>1.</b></td><td style="text-align: justify"><b><span id="xdx_829_znJCDTD1nuHg">Nature of operations and going concern</span></b></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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 301, 15 Toronto St, Toronto, ON, M5C 2E3.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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 a quarterly Form 6-K instead of a Form 10-Q.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">As of June 30, 2026, the Company had cash and cash equivalents of $<span id="xdx_905_eifrs-full--CashAndCashEquivalents_iI_c20260630_z3agRzO3bjI" title="Cash">1,446,033</span> (December 31, 2025 - $<span id="xdx_908_eifrs-full--CashAndCashEquivalents_iI_c20251231_zPdWRoZUZcnj" title="Cash">2,839,369</span>) and working capital of $<span id="xdx_90E_ecustom--WorkingCapital_iI_c20260630_zfR5mFbvPy79" title="Working capital">2,899,500</span> (December 31, 2025 - $<span id="xdx_909_ecustom--WorkingCapital_iI_c20251231_zKYpchaLkoz1" title="Working capital">5,783,689</span>). A major component of the working capital consists of investments of two publicly traded companies: Carlton Precious Inc and Mammoth Minerals Limited (Note 2).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> 1446033 2839369 2899500 5783689 <p id="xdx_80C_eifrs-full--DisclosureOfMaterialAccountingPolicyInformationExplanatory_zFzzIoCZQ719" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <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: 0.05in"></td><td style="width: 0.25in"><b>2.</b></td><td style="text-align: justify"><b><span id="xdx_823_zq0dQvXu5c6e">Material accounting policies</span></b></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p id="xdx_841_ecustom--DescriptionOfAccountingPolicyForPreparationOfFinancialStatementsPolicyTextBlock_zFLwc4JRpCm" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><b><span id="xdx_86E_zp2CrsiMj5Lj">Basis of presentation</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">These financial statements have been prepared in conformity with International Accounting Standard (“IAS”) 34, <i>Interim Financial Reporting</i>, 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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><i>Change in Presentation Currency</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">In accordance with <i>IAS 21, The Effects of Changes in Foreign Exchange Rates</i>, all periods presented in these financial statements have been translated into CAD. The consolidated statements of loss and comprehensive loss, and the consolidated statements of cash flows for each period have been translated into the CAD presentation currency using the average exchange rate prevailing during each period. All monetary assets and liabilities have been translated using the exchange rate prevailing as 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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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 differed from the Company’s former functional currency of 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 currency and functional currency to CAD effective January 1, 2026.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><i>Change in Functional Currency</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 22.5pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">Considering 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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 22.5pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">The change in functional currency is due to the increased exposure to CAD because 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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 22.5pt; text-align: justify"> </p> <p id="xdx_84C_eifrs-full--DisclosureOfBasisOfConsolidationExplanatory_zZcdFzTmkuZb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><b><span id="xdx_86A_zCbDqprFIs2a">Principles of consolidation</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><span style="font-style: normal; font-weight: normal">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).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><span style="font-style: normal; font-weight: normal">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 can 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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><span style="font-style: normal; font-weight: normal">Inter-company balances and transactions, and any unrealized income and expenses arising from inter-company transactions, are eliminated in preparing the financial statements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify"><span style="font-style: normal; font-weight: normal"> </span></p> <p id="xdx_846_ecustom--MaterialAccountingPoliciesPolicyTextBlock_zrJz3ilKOo89" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><b><span id="xdx_860_zrDKSz30Hkt7">Material accounting policies</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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 annual 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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p id="xdx_840_ecustom--InitialAdoptionIFRSAccountingStandardsPolicyTextBlock_zkVekomKBDc6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><b><span id="xdx_86B_zmhtPhwC7dKb">Initial adoption of IFRS Accounting Standards</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">Additionally, the Company’s financial statements have been retroactively prepared in accordance with IFRS Accounting Standards effective January 1, 2023.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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 January 1, 2025, to reclassify the warrant liability from non-current to current.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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.</p> <table cellpadding="0" cellspacing="0" id="xdx_890_eifrs-full--DisclosureOfReclassificationOfFinancialInstrumentsExplanatory_zDkIr3MU3eLl" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-left: 0.3in" summary="xdx: Disclosure - Material accounting policies (Details - Impact on equity)"> <tr style="vertical-align: bottom"> <td style="text-align: left"><span><span id="xdx_8BC_zEq5prPxIGne" style="display: none">Summary of reclassification impact</span></span></td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td> </td> <td colspan="3"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">As previously</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td> </td> <td colspan="3"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">reported</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Adjustment</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Restated</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</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_zpLjvLwQzURb" style="width: 11%; 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_982_eifrs-full--CurrentWarrantLiability_iI_c20250102__ifrs-full--RetrospectiveApplicationAndRetrospectiveRestatementAxis__custom--AdjustmentMember_zYX5Yq4aWXxe" style="width: 11%; 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_zJ5cptfqJBl6" style="width: 11%; 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 1.5pt solid; text-align: left">January 1, 2025 - Non-current warrant liability</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98C_eifrs-full--NoncurrentWarrantLiability_iI_c20250102__ifrs-full--RetrospectiveApplicationAndRetrospectiveRestatementAxis__ifrs-full--PreviouslyStatedMember_zaFNX8eP6pp1" style="border-bottom: Black 1.5pt solid; text-align: right" title="Non-current warrant liability">495,749</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_987_eifrs-full--NoncurrentWarrantLiability_iI_c20250102__ifrs-full--RetrospectiveApplicationAndRetrospectiveRestatementAxis__custom--AdjustmentMember_z2eKIpcbGP9a" style="border-bottom: Black 1.5pt solid; text-align: right" title="Non-current warrant liability">(495,749</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left">)</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98F_eifrs-full--NoncurrentWarrantLiability_iI_d0_c20250102_z2T7IyLKJYt4" style="border-bottom: Black 1.5pt solid; text-align: right" title="Non-current warrant liability">–</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8AD_zX0WRhLEU8U8" style="margin-top: 0; margin-bottom: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><b>Financial Instruments – Investment in securities</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">The Company has the following common share investments in publicly traded companies:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" id="xdx_892_eifrs-full--DisclosureOfFairValueOfFinancialInstrumentsExplanatory_zwJGbYgVk6K1" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Material accounting policies (Details - Investments in equity instruments)"> <tr style="vertical-align: bottom"> <td><span><span id="xdx_8B3_zawmR6Pg52kf" style="display: none">Summary of investments in equity instruments</span></span></td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </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; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30, 2026</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Number of</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Fair</td><td> </td> <td colspan="3" style="text-align: center">Number of</td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center">Fair</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Shares</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Cost</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Value</td><td> </td> <td colspan="3" style="text-align: center">Shares</td><td> </td> <td colspan="3" style="text-align: center">Cost</td><td> </td> <td colspan="3" style="text-align: center">Value</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold; padding-bottom: 1pt"> </td><td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold; padding-bottom: 1pt"> </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: center">#</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold; padding-bottom: 1pt"> </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: center">$</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"> </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; padding-bottom: 1pt; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 22%; text-align: left">Carlton Precious Inc.</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98E_ecustom--NumberOfSharesInvestmentsInEquity_iI_c20260630__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_zvv7EbUkZ825" style="width: 9%; 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: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_987_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_c20260630__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_zV9AWcxr9V1k" 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: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_988_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_c20260630__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_ztl5Fpl2AB0c" style="width: 9%; text-align: right" title="Fair value of investments in equity">527,627</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_ecustom--NumberOfSharesInvestmentsInEquity_iI_c20251231__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_zCAEYvgh83L2" 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: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98A_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_c20251231__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_zVNKg5ciOAqk" 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: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_c20251231__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_z4wMGEmZszf4" 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_c20260630__ifrs-full--CounterpartiesAxis__custom--MammothMineralsLimitedMember_zPk3Dk43sgW9" 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_c20260630__ifrs-full--CounterpartiesAxis__custom--MammothMineralsLimitedMember_zRv8kAvJqDI1" 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_c20260630__ifrs-full--CounterpartiesAxis__custom--MammothMineralsLimitedMember_zJXCKS07YzP6" style="text-align: right" title="Fair value of investments in equity">868,092</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_zEeRQ2XHAYt5" 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_zE1j6SDXxM0k" 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_z12sRmbucc59" 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; padding-bottom: 1pt">Bravada Gold Corporation</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_ecustom--NumberOfSharesInvestmentsInEquity_iI_d0_c20260630__ifrs-full--CounterpartiesAxis__custom--BravadaGoldCorporationMember_z8GNwkMpTmKd" style="border-bottom: Black 1pt solid; text-align: right" title="Number of shares investments in equity">–</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98B_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_d0_c20260630__ifrs-full--CounterpartiesAxis__custom--BravadaGoldCorporationMember_zvWKpRFE9mJk" style="border-bottom: Black 1pt solid; text-align: right" title="Cost of investments in equity">–</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98B_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_d0_c20260630__ifrs-full--CounterpartiesAxis__custom--BravadaGoldCorporationMember_znHLWCPPzudb" style="border-bottom: Black 1pt solid; text-align: right" title="Fair value of investments in equity">–</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </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_zfdToCVSyeve" 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; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </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_zRt8zBZwTHG5" 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; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </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_zNEXXWY9ikQ4" 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; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_981_ecustom--NumberOfSharesInvestmentsInEquity_iI_c20260630_zmcAeFxuykt7" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right" title="Number of shares investments in equity">35,120,334</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98D_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_c20260630_ziijg1fYZpPb" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right" title="Cost of investments in equity">3,285,337</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_982_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_c20260630_z3kE5MA6h5yk" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right" title="Fair value of investments in equity">1,395,719</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_985_ecustom--NumberOfSharesInvestmentsInEquity_iI_c20251231_zGtZUwhTTG8a" style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of shares investments in equity">35,434,709</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98A_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_c20251231_ztlWbJ4z6Zfl" style="border-bottom: Black 1.5pt solid; text-align: right" title="Cost of investments in equity">3,345,137</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_983_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_c20251231_zzGs7hyhqBf8" style="border-bottom: Black 1.5pt solid; text-align: right" title="Fair value of investments in equity">4,030,559</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8AD_z052RLWCOxc4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 22.5pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 22.5pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">On February 24, 2026, Bravada announced a consolidation, effective March 2, 2026, of its outstanding common shares on the basis of one (1) new common share issued for eight (8) common shares previously held. On April 13, 2026, the Company sold its investment in Bravada.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p id="xdx_841_ecustom--NewAccountingPoliciesPolicyTextBlock_zgEfcdg4Kksj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><b><span id="xdx_868_zHU8VawKF9f5">New accounting policies</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><i>Amendments to IFRS 9, Financial Instruments, and IFRS 7, Financial Instruments: Disclosures</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p id="xdx_840_ecustom--RecentlyIssuedButNotYetAffectiveAccountingStandardsPolicyTextBlock_z4CRlSK4cWBg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><b><span id="xdx_864_zi3uTUrapH5d">Recently issued but not yet effective accounting standards</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><i>IFRS 18, Presentation and Disclosure in Financial Statements </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">The Company is currently assessing the impact that the adoption of IFRS 18 will have on its financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p id="xdx_841_ecustom--DescriptionOfAccountingPolicyForPreparationOfFinancialStatementsPolicyTextBlock_zFLwc4JRpCm" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><b><span id="xdx_86E_zp2CrsiMj5Lj">Basis of presentation</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">These financial statements have been prepared in conformity with International Accounting Standard (“IAS”) 34, <i>Interim Financial Reporting</i>, 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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><i>Change in Presentation Currency</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">In accordance with <i>IAS 21, The Effects of Changes in Foreign Exchange Rates</i>, all periods presented in these financial statements have been translated into CAD. The consolidated statements of loss and comprehensive loss, and the consolidated statements of cash flows for each period have been translated into the CAD presentation currency using the average exchange rate prevailing during each period. All monetary assets and liabilities have been translated using the exchange rate prevailing as 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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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 differed from the Company’s former functional currency of 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 currency and functional currency to CAD effective January 1, 2026.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><i>Change in Functional Currency</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 22.5pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">Considering 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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 22.5pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">The change in functional currency is due to the increased exposure to CAD because 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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 22.5pt; text-align: justify"> </p> <p id="xdx_84C_eifrs-full--DisclosureOfBasisOfConsolidationExplanatory_zZcdFzTmkuZb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><b><span id="xdx_86A_zCbDqprFIs2a">Principles of consolidation</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><span style="font-style: normal; font-weight: normal">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).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><span style="font-style: normal; font-weight: normal">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 can 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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><span style="font-style: normal; font-weight: normal">Inter-company balances and transactions, and any unrealized income and expenses arising from inter-company transactions, are eliminated in preparing the financial statements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify"><span style="font-style: normal; font-weight: normal"> </span></p> <p id="xdx_846_ecustom--MaterialAccountingPoliciesPolicyTextBlock_zrJz3ilKOo89" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><b><span id="xdx_860_zrDKSz30Hkt7">Material accounting policies</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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 annual 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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p id="xdx_840_ecustom--InitialAdoptionIFRSAccountingStandardsPolicyTextBlock_zkVekomKBDc6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><b><span id="xdx_86B_zmhtPhwC7dKb">Initial adoption of IFRS Accounting Standards</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">Additionally, the Company’s financial statements have been retroactively prepared in accordance with IFRS Accounting Standards effective January 1, 2023.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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 January 1, 2025, to reclassify the warrant liability from non-current to current.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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.</p> <table cellpadding="0" cellspacing="0" id="xdx_890_eifrs-full--DisclosureOfReclassificationOfFinancialInstrumentsExplanatory_zDkIr3MU3eLl" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-left: 0.3in" summary="xdx: Disclosure - Material accounting policies (Details - Impact on equity)"> <tr style="vertical-align: bottom"> <td style="text-align: left"><span><span id="xdx_8BC_zEq5prPxIGne" style="display: none">Summary of reclassification impact</span></span></td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td> </td> <td colspan="3"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">As previously</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td> </td> <td colspan="3"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">reported</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Adjustment</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Restated</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</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_zpLjvLwQzURb" style="width: 11%; 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_982_eifrs-full--CurrentWarrantLiability_iI_c20250102__ifrs-full--RetrospectiveApplicationAndRetrospectiveRestatementAxis__custom--AdjustmentMember_zYX5Yq4aWXxe" style="width: 11%; 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_zJ5cptfqJBl6" style="width: 11%; 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 1.5pt solid; text-align: left">January 1, 2025 - Non-current warrant liability</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98C_eifrs-full--NoncurrentWarrantLiability_iI_c20250102__ifrs-full--RetrospectiveApplicationAndRetrospectiveRestatementAxis__ifrs-full--PreviouslyStatedMember_zaFNX8eP6pp1" style="border-bottom: Black 1.5pt solid; text-align: right" title="Non-current warrant liability">495,749</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_987_eifrs-full--NoncurrentWarrantLiability_iI_c20250102__ifrs-full--RetrospectiveApplicationAndRetrospectiveRestatementAxis__custom--AdjustmentMember_z2eKIpcbGP9a" style="border-bottom: Black 1.5pt solid; text-align: right" title="Non-current warrant liability">(495,749</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left">)</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98F_eifrs-full--NoncurrentWarrantLiability_iI_d0_c20250102_z2T7IyLKJYt4" style="border-bottom: Black 1.5pt solid; text-align: right" title="Non-current warrant liability">–</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8AD_zX0WRhLEU8U8" style="margin-top: 0; margin-bottom: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><b>Financial Instruments – Investment in securities</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">The Company has the following common share investments in publicly traded companies:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" id="xdx_892_eifrs-full--DisclosureOfFairValueOfFinancialInstrumentsExplanatory_zwJGbYgVk6K1" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Material accounting policies (Details - Investments in equity instruments)"> <tr style="vertical-align: bottom"> <td><span><span id="xdx_8B3_zawmR6Pg52kf" style="display: none">Summary of investments in equity instruments</span></span></td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </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; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30, 2026</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Number of</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Fair</td><td> </td> <td colspan="3" style="text-align: center">Number of</td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center">Fair</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Shares</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Cost</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Value</td><td> </td> <td colspan="3" style="text-align: center">Shares</td><td> </td> <td colspan="3" style="text-align: center">Cost</td><td> </td> <td colspan="3" style="text-align: center">Value</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold; padding-bottom: 1pt"> </td><td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold; padding-bottom: 1pt"> </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: center">#</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold; padding-bottom: 1pt"> </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: center">$</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold; padding-bottom: 1pt"> </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: center">$</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center">#</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"> </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; padding-bottom: 1pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 22%; text-align: left">Carlton Precious Inc.</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98E_ecustom--NumberOfSharesInvestmentsInEquity_iI_c20260630__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_zvv7EbUkZ825" style="width: 9%; 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: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_987_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_c20260630__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_zV9AWcxr9V1k" 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: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_988_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_c20260630__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_ztl5Fpl2AB0c" style="width: 9%; text-align: right" title="Fair value of investments in equity">527,627</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_ecustom--NumberOfSharesInvestmentsInEquity_iI_c20251231__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_zCAEYvgh83L2" 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: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98A_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_c20251231__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_zVNKg5ciOAqk" 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: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_c20251231__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_z4wMGEmZszf4" 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_c20260630__ifrs-full--CounterpartiesAxis__custom--MammothMineralsLimitedMember_zPk3Dk43sgW9" 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_c20260630__ifrs-full--CounterpartiesAxis__custom--MammothMineralsLimitedMember_zRv8kAvJqDI1" 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_c20260630__ifrs-full--CounterpartiesAxis__custom--MammothMineralsLimitedMember_zJXCKS07YzP6" style="text-align: right" title="Fair value of investments in equity">868,092</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_zEeRQ2XHAYt5" 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_zE1j6SDXxM0k" 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_z12sRmbucc59" 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; padding-bottom: 1pt">Bravada Gold Corporation</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_ecustom--NumberOfSharesInvestmentsInEquity_iI_d0_c20260630__ifrs-full--CounterpartiesAxis__custom--BravadaGoldCorporationMember_z8GNwkMpTmKd" style="border-bottom: Black 1pt solid; text-align: right" title="Number of shares investments in equity">–</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98B_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_d0_c20260630__ifrs-full--CounterpartiesAxis__custom--BravadaGoldCorporationMember_zvWKpRFE9mJk" style="border-bottom: Black 1pt solid; text-align: right" title="Cost of investments in equity">–</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98B_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_d0_c20260630__ifrs-full--CounterpartiesAxis__custom--BravadaGoldCorporationMember_znHLWCPPzudb" style="border-bottom: Black 1pt solid; text-align: right" title="Fair value of investments in equity">–</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </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_zfdToCVSyeve" 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; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </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_zRt8zBZwTHG5" 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; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </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_zNEXXWY9ikQ4" 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; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_981_ecustom--NumberOfSharesInvestmentsInEquity_iI_c20260630_zmcAeFxuykt7" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right" title="Number of shares investments in equity">35,120,334</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98D_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_c20260630_ziijg1fYZpPb" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right" title="Cost of investments in equity">3,285,337</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_982_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_c20260630_z3kE5MA6h5yk" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right" title="Fair value of investments in equity">1,395,719</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_985_ecustom--NumberOfSharesInvestmentsInEquity_iI_c20251231_zGtZUwhTTG8a" style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of shares investments in equity">35,434,709</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98A_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_c20251231_ztlWbJ4z6Zfl" style="border-bottom: Black 1.5pt solid; text-align: right" title="Cost of investments in equity">3,345,137</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_983_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_c20251231_zzGs7hyhqBf8" style="border-bottom: Black 1.5pt solid; text-align: right" title="Fair value of investments in equity">4,030,559</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8AD_z052RLWCOxc4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 22.5pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 22.5pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">On February 24, 2026, Bravada announced a consolidation, effective March 2, 2026, of its outstanding common shares on the basis of one (1) new common share issued for eight (8) common shares previously held. On April 13, 2026, the Company sold its investment in Bravada.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" id="xdx_890_eifrs-full--DisclosureOfReclassificationOfFinancialInstrumentsExplanatory_zDkIr3MU3eLl" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-left: 0.3in" summary="xdx: Disclosure - Material accounting policies (Details - Impact on equity)"> <tr style="vertical-align: bottom"> <td style="text-align: left"><span><span id="xdx_8BC_zEq5prPxIGne" style="display: none">Summary of reclassification impact</span></span></td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td> </td> <td colspan="3"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">As previously</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td> </td> <td colspan="3"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">reported</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Adjustment</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Restated</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</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_zpLjvLwQzURb" style="width: 11%; 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_982_eifrs-full--CurrentWarrantLiability_iI_c20250102__ifrs-full--RetrospectiveApplicationAndRetrospectiveRestatementAxis__custom--AdjustmentMember_zYX5Yq4aWXxe" style="width: 11%; 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_zJ5cptfqJBl6" style="width: 11%; 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 1.5pt solid; text-align: left">January 1, 2025 - Non-current warrant liability</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98C_eifrs-full--NoncurrentWarrantLiability_iI_c20250102__ifrs-full--RetrospectiveApplicationAndRetrospectiveRestatementAxis__ifrs-full--PreviouslyStatedMember_zaFNX8eP6pp1" style="border-bottom: Black 1.5pt solid; text-align: right" title="Non-current warrant liability">495,749</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_987_eifrs-full--NoncurrentWarrantLiability_iI_c20250102__ifrs-full--RetrospectiveApplicationAndRetrospectiveRestatementAxis__custom--AdjustmentMember_z2eKIpcbGP9a" style="border-bottom: Black 1.5pt solid; text-align: right" title="Non-current warrant liability">(495,749</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left">)</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98F_eifrs-full--NoncurrentWarrantLiability_iI_d0_c20250102_z2T7IyLKJYt4" style="border-bottom: Black 1.5pt solid; text-align: right" title="Non-current warrant liability">–</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> </table> 361501 495749 857250 495749 -495749 0 <table cellpadding="0" cellspacing="0" id="xdx_892_eifrs-full--DisclosureOfFairValueOfFinancialInstrumentsExplanatory_zwJGbYgVk6K1" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Material accounting policies (Details - Investments in equity instruments)"> <tr style="vertical-align: bottom"> <td><span><span id="xdx_8B3_zawmR6Pg52kf" style="display: none">Summary of investments in equity instruments</span></span></td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </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; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30, 2026</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Number of</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Fair</td><td> </td> <td colspan="3" style="text-align: center">Number of</td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center">Fair</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Shares</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Cost</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Value</td><td> </td> <td colspan="3" style="text-align: center">Shares</td><td> </td> <td colspan="3" style="text-align: center">Cost</td><td> </td> <td colspan="3" style="text-align: center">Value</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold; padding-bottom: 1pt"> </td><td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold; padding-bottom: 1pt"> </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: center">#</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold; padding-bottom: 1pt"> </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: center">$</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"> </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; padding-bottom: 1pt; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 22%; text-align: left">Carlton Precious Inc.</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98E_ecustom--NumberOfSharesInvestmentsInEquity_iI_c20260630__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_zvv7EbUkZ825" style="width: 9%; 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: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_987_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_c20260630__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_zV9AWcxr9V1k" 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: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_988_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_c20260630__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_ztl5Fpl2AB0c" style="width: 9%; text-align: right" title="Fair value of investments in equity">527,627</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_ecustom--NumberOfSharesInvestmentsInEquity_iI_c20251231__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_zCAEYvgh83L2" 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: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98A_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_c20251231__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_zVNKg5ciOAqk" 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: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_c20251231__ifrs-full--CounterpartiesAxis__custom--CarltonPreciousIncMember_z4wMGEmZszf4" 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_c20260630__ifrs-full--CounterpartiesAxis__custom--MammothMineralsLimitedMember_zPk3Dk43sgW9" 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_c20260630__ifrs-full--CounterpartiesAxis__custom--MammothMineralsLimitedMember_zRv8kAvJqDI1" 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_c20260630__ifrs-full--CounterpartiesAxis__custom--MammothMineralsLimitedMember_zJXCKS07YzP6" style="text-align: right" title="Fair value of investments in equity">868,092</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_zEeRQ2XHAYt5" 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_zE1j6SDXxM0k" 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_z12sRmbucc59" 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; padding-bottom: 1pt">Bravada Gold Corporation</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_ecustom--NumberOfSharesInvestmentsInEquity_iI_d0_c20260630__ifrs-full--CounterpartiesAxis__custom--BravadaGoldCorporationMember_z8GNwkMpTmKd" style="border-bottom: Black 1pt solid; text-align: right" title="Number of shares investments in equity">–</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98B_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_d0_c20260630__ifrs-full--CounterpartiesAxis__custom--BravadaGoldCorporationMember_zvWKpRFE9mJk" style="border-bottom: Black 1pt solid; text-align: right" title="Cost of investments in equity">–</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98B_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_d0_c20260630__ifrs-full--CounterpartiesAxis__custom--BravadaGoldCorporationMember_znHLWCPPzudb" style="border-bottom: Black 1pt solid; text-align: right" title="Fair value of investments in equity">–</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </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_zfdToCVSyeve" 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; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </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_zRt8zBZwTHG5" 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; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </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_zNEXXWY9ikQ4" 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; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_981_ecustom--NumberOfSharesInvestmentsInEquity_iI_c20260630_zmcAeFxuykt7" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right" title="Number of shares investments in equity">35,120,334</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98D_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_c20260630_ziijg1fYZpPb" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right" title="Cost of investments in equity">3,285,337</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_982_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_c20260630_z3kE5MA6h5yk" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right" title="Fair value of investments in equity">1,395,719</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_985_ecustom--NumberOfSharesInvestmentsInEquity_iI_c20251231_zGtZUwhTTG8a" style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of shares investments in equity">35,434,709</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98A_eifrs-full--InvestmentAccountedForUsingEquityMethod_iI_c20251231_ztlWbJ4z6Zfl" style="border-bottom: Black 1.5pt solid; text-align: right" title="Cost of investments in equity">3,345,137</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_983_eifrs-full--FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_iI_c20251231_zzGs7hyhqBf8" style="border-bottom: Black 1.5pt solid; text-align: right" title="Fair value of investments in equity">4,030,559</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> </table> 6595334 428697 527627 6755334 439097 945747 28525000 2856640 868092 28525000 2856640 3015747 0 0 0 154375 49400 69065 35120334 3285337 1395719 35434709 3345137 4030559 <p id="xdx_841_ecustom--NewAccountingPoliciesPolicyTextBlock_zgEfcdg4Kksj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><b><span id="xdx_868_zHU8VawKF9f5">New accounting policies</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><i>Amendments to IFRS 9, Financial Instruments, and IFRS 7, Financial Instruments: Disclosures</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p id="xdx_840_ecustom--RecentlyIssuedButNotYetAffectiveAccountingStandardsPolicyTextBlock_z4CRlSK4cWBg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><b><span id="xdx_864_zi3uTUrapH5d">Recently issued but not yet effective accounting standards</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><i>IFRS 18, Presentation and Disclosure in Financial Statements </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">The Company is currently assessing the impact that the adoption of IFRS 18 will have on its financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p id="xdx_80D_eifrs-full--DisclosureOfExplorationAndEvaluationAssetsExplanatory_zr8mxSANJNLd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <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: 0.05in"></td><td style="width: 0.25in"><b>3.</b></td><td style="text-align: justify"><b><span id="xdx_82A_zgyNL6isC7ye">Mineral properties</span></b></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">The Company’s mineral properties consist of exploration stage interests located in Ontario, Canada and Nevada, USA.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">Changes in the project carrying amounts for the six months ended June 30, 2026 and June 30, 2025, are summarized as follows:</p> <table cellpadding="0" cellspacing="0" id="xdx_894_ecustom--DisclosureOfMineralPropertiesExplanatory_zfQWLOHnz3fd" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-left: 0.3in" summary="xdx: Disclosure - Mineral properties (Details)"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: center"><span><span id="xdx_8B0_z8yMc8lID2a2" style="display: none">Summary of mineral properties</span></span></td><td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">December 31,</td><td style="text-align: center; font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">June 30,</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2025</td><td style="text-align: center; font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Additions, net</td><td style="text-align: center; font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2026</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; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center">$</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_98F_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iS_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zVKKAbB1fC0l" style="width: 11%; 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_980_eifrs-full--AdditionsFromAcquisitionsInvestmentProperty_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zpBbgu4NjMCg" style="width: 11%; 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_981_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iE_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zgWcQasOoVgj" style="width: 11%; 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">Laird Lake</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iS_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--LairdAndOnemanMember_zfTV7s7lbzh8" 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_985_eifrs-full--AdditionsFromAcquisitionsInvestmentProperty_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--LairdAndOnemanMember_zQcfZKOEilwe" 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_986_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iE_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--LairdAndOnemanMember_zWjuMEWvUwMj" 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; padding-bottom: 1pt">Forester</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_98C_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iS_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--ForesterMember_z5gmTKZScUJk" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right" title="Mineral properties gross beginning">–</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_98F_eifrs-full--AdditionsFromAcquisitionsInvestmentProperty_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--ForesterMember_ziPteFrF49X9" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right" title="Additions, net">2,296,707</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_98C_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iE_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--ForesterMember_zCxoeifNiTci" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right" title="Mineral properties gross ending">2,296,707</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; 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_98C_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iS_c20260101__20260630_zEZ0ajcyGIPl" 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__20260630_zXCEzpWYdf33" 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_980_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iE_c20260101__20260630_z9epRQSD297j" 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; padding-bottom: 1pt">Elimination of cumulative translation adjustment</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_982_ecustom--EliminationOfCumulativeTranslationAdjustments_iS_d0_c20260101__20260630_zrp2tPtX8Hp2" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right" title="Elimination of cumulative translation adjustment beginning">–</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_988_ecustom--EliminationOfCumulativeTranslationAdjustmentAdditionsNet_d0_c20260101__20260630_zcWKnmOxNUDe" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right" title="Elimination of cumulative translation adjustment additions, net">–</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_984_ecustom--EliminationOfCumulativeTranslationAdjustments_iE_d0_c20260101__20260630_zwUNFdLUuX32" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right" title="Elimination of cumulative translation adjustment ending">778,690</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt">Total</td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td id="xdx_984_ecustom--AssetsArisingFromExplorationForAndEvaluationOfMineralResourcesNet_iS_c20260101__20260630_zbi2Zp89M4w2" style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: right" title="Mineral properties net beginning">4,834,615</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td id="xdx_980_eifrs-full--AdditionsFromAcquisitionsInvestmentProperty_d0_c20260101__20260630_zFDScHq0fSld" style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: right" title="Additions, net">2,296,707</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td id="xdx_98A_ecustom--AssetsArisingFromExplorationForAndEvaluationOfMineralResourcesNet_iE_c20260101__20260630_zNGm6vE5y83a" style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: right" title="Mineral properties net ending">7,910,012</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: center"> </td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: center">December 31,</td><td style="text-align: center"> </td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: center">June 30,</td><td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: center">2024</td><td style="text-align: center"> </td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: center">Additions</td><td style="text-align: center"> </td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: center">2025</td><td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"> </td><td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center">$</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center">$</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center">$</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 1.5pt solid; padding-left: 10pt; text-align: left; padding-bottom: 1pt">Excelsior Springs</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_982_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iS_c20250101__20250630__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zyHZb2grcWei" style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: right" title="Mineral properties gross beginning">7,840,981</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_98D_eifrs-full--AdditionsFromAcquisitionsInvestmentProperty_d0_c20250101__20250630__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_z6scIUZJA0u6" style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: right" title="Additions, net">–</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_989_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iE_c20250101__20250630__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zUTjBBfa1lBc" style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: right" title="Mineral properties gross ending">7,840,981</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">Exploration and evaluation costs expensed on the projects consisted of the following:</p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-left: 0.3in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td> </td> <td colspan="3"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Excelsior</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Laird</td><td> </td> <td colspan="3"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Springs</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Lake</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Total</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">Six months ended June 30, 2026</td><td style="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center">$</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 10pt; width: 45%; text-align: left">Assays and sampling</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98A_ecustom--ExplorationAndEvaluationAssaysAndSampling_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_z4MlOndjQgm8" style="width: 11%; text-align: right" title="Assays and sampling">–</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_988_ecustom--ExplorationAndEvaluationAssaysAndSampling_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--LairdLakeMember_zwHmCWNERWz2" style="width: 11%; text-align: right" title="Assays and sampling">92,611</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_ecustom--ExplorationAndEvaluationAssaysAndSampling_d0_c20260101__20260630_zDYYP9BiXjC9" style="width: 11%; text-align: right" title="Assays and sampling">92,611</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">Field</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--ExplorationAndEvaluationCostsField_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zMFXRAd3uZB" style="text-align: right" title="Field">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_ecustom--ExplorationAndEvaluationCostsField_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--LairdLakeMember_zgvraWDayeWk" style="text-align: right" title="Field">32,396</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--ExplorationAndEvaluationCostsField_d0_c20260101__20260630_zxdsvvTuQUAi" style="text-align: right" title="Field">32,396</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 10pt; text-align: left">Drilling</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--ExplorationAndEvaluationCostsDrilling_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zboPG0Pd9ZId" style="text-align: right" title="Drilling">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--ExplorationAndEvaluationCostsDrilling_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--LairdLakeMember_zWwlPzGmcYje" style="text-align: right" title="Drilling">1,237,382</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--ExplorationAndEvaluationCostsDrilling_d0_c20260101__20260630_zH5PF6adEfsg" style="text-align: right" title="Drilling">1,237,382</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Geological and consulting (Note 6)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--ExplorationAndEvaluationCostsGeologicalAndConsulting_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zAUGFic1MHy9" style="text-align: right" title="Geological and consulting">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--ExplorationAndEvaluationCostsGeologicalAndConsulting_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--LairdLakeMember_zD3eg8JbXWt" style="text-align: right" title="Geological and consulting">580,758</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--ExplorationAndEvaluationCostsGeologicalAndConsulting_d0_c20260101__20260630_zjjGH7G2nNYk" style="text-align: right" title="Geological and consulting">580,758</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; padding-bottom: 1pt">Other</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_98B_ecustom--ExplorationAndEvaluationCostsOther_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zGNMXYRwhuu4" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right" title="Other">–</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_980_ecustom--ExplorationAndEvaluationCostsOther_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--LairdLakeMember_zC3Dp1m1SVj5" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right" title="Other">50,000</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_989_ecustom--ExplorationAndEvaluationCostsOther_d0_c20260101__20260630_z3DbBmZ4BRZ1" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right" title="Other">50,000</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--ExplorationAndEvaluationCostsGross_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zjJybNAmSTx6" 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_986_ecustom--ExplorationAndEvaluationCostsGross_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--LairdLakeMember_z5OsAqxKROul" style="text-align: right" title="Exploration and evaluation costs gross">1,993,147</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--ExplorationAndEvaluationCostsGross_d0_c20260101__20260630_z0RHjzdcT8r9" style="text-align: right" title="Exploration and evaluation costs gross">1,993,147</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; padding-bottom: 1pt">Less: Recovery of costs</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_98B_ecustom--ExplorationAndEvaluationCostsRecoveryOfCosts_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zERC9IzZ14M1" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right" title="Less: Recovery of costs">–</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_988_ecustom--ExplorationAndEvaluationCostsRecoveryOfCosts_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--LairdLakeMember_zAXAqq09euRf" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right" title="Less: Recovery of costs">(200,000</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left">)</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_98D_ecustom--ExplorationAndEvaluationCostsRecoveryOfCosts_d0_c20260101__20260630_zNrtsjaZvTo" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right" title="Less: Recovery of costs">(200,000</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1.5pt solid; text-align: left; padding-bottom: 1pt"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td id="xdx_983_ecustom--ExplorationAndEvaluationCostsNet_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zHERe46SNtPe" style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: right" title="Exploration and evaluation costs net">–</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td id="xdx_980_ecustom--ExplorationAndEvaluationCostsNet_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--LairdLakeMember_zu7qGB6P93ye" style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: right" title="Exploration and evaluation costs net">1,793,147</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td id="xdx_988_ecustom--ExplorationAndEvaluationCostsNet_d0_c20260101__20260630_zp4cobIYVB93" style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: right" title="Exploration and evaluation costs net">1,793,147</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <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 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: White"> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: center">Excelsior</td><td style="font-weight: bold; text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: center">Laird</td><td style="font-weight: bold; text-align: center"> </td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: center">Springs</td><td style="font-weight: bold; text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: center">Lake</td><td style="font-weight: bold; text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: center">Total</td><td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt">Six months ended June 30, 2025</td><td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center"> </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; padding-bottom: 1pt">Geological and consulting</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_989_ecustom--ExplorationAndEvaluationCostsGeologicalAndConsulting_d0_c20250101__20250630__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zdkOf9tS9qp4" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right" title="Geological and consulting">431,615</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_987_ecustom--ExplorationAndEvaluationCostsGeologicalAndConsulting_d0_c20250101__20250630__ifrs-full--ProductsAndServicesAxis__custom--LairdLakeMember_zz9aMAYnKBW6" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right" title="Geological and consulting">–</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_98D_ecustom--ExplorationAndEvaluationCostsGeologicalAndConsulting_d0_c20250101__20250630_zNVrZf6CKZ2c" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right" title="Geological and consulting">431,615</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left; padding-bottom: 1pt"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_98D_ecustom--ExplorationAndEvaluationCostsGross_d0_c20250101__20250630__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zh4PkqztYhJh" style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: right" title="Exploration and evaluation costs gross">431,615</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_98D_ecustom--ExplorationAndEvaluationCostsGross_d0_c20250101__20250630__ifrs-full--ProductsAndServicesAxis__custom--LairdLakeMember_z2mnkio80dS4" style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: right" title="Exploration and evaluation costs gross">–</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_982_ecustom--ExplorationAndEvaluationCostsGross_d0_c20250101__20250630_zFhhqfdCenr6" style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: right" title="Exploration and evaluation costs gross">431,615</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8A2_z3cR6Zgmcoy6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><b>Excelsior Springs</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">In 2021, the Company acquired <span id="xdx_90D_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20211231__ifrs-full--CounterpartiesAxis__custom--NubianUSAMember_zcBHMS3xrdm4" title="Acquired interest">100</span>% 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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">The Seller retained a <span id="xdx_901_ecustom--PercentageOfSellerRetainedReturnsRoyalty_iI_pip0_dp_c20211231__ifrs-full--CounterpartiesAxis__custom--NetSmelterReturnsMember_zCAo2gB7sPa5" title="Returns seller retained royalty percentage">1</span>% Net Smelter Returns (NSR) Royalty on the claims sold to the Company. One-half (<span id="xdx_90C_ecustom--PercentageOfReturnsRoyalty_iI_pip0_dp_c20211231__ifrs-full--CounterpartiesAxis__custom--NetSmelterReturnsMember_zHvm5OEgOkQ5" title="Returns royalty percentage">0.5</span>%) of the NSR Royalty may be purchased by the Company for $<span id="xdx_902_eifrs-full--RoyaltyExpense_c20210101__20211231__ifrs-full--CounterpartiesAxis__custom--NetSmelterReturnsMember_z0jiz48UU9I2" title="Royalty purchased">500,000</span>. An additional one-half (<span id="xdx_905_ecustom--PercentageOfRoyaltyFairMarketValue_iI_pip0_dp_c20211231__ifrs-full--CounterpartiesAxis__custom--NetSmelterReturnsMember_zVflpsgtW2sj" title="Percentage of royalty fair market value">0.5</span>%) of the NSR Royalty may be purchased by the Company at fair market value.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">In 2022 and 2024, the Company collectively acquired a <span id="xdx_907_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20221231__ifrs-full--CounterpartiesAxis__custom--FortunasAndProutMember_zhcuVH0NGCRb" title="Acquired interest"><span id="xdx_90B_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20241231__ifrs-full--CounterpartiesAxis__custom--FortunasAndProutMember_zxCk1iuDJmo1" title="Acquired interest">100</span></span>% 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 $<span id="xdx_90F_eifrs-full--ConsiderationPaidReceived_c20220101__20221231__ifrs-full--CounterpartiesAxis__custom--FortunasAndProutMember_zQ8JRPhu68w7" title="Consideration amount"><span id="xdx_90E_eifrs-full--ConsiderationPaidReceived_c20240101__20241231__ifrs-full--CounterpartiesAxis__custom--FortunasAndProutMember_zYM7ndgGjwLh" title="Consideration amount">295,272</span></span> (US$<span id="xdx_900_eifrs-full--ConsiderationPaidReceived_uUSD_c20220101__20221231__ifrs-full--CounterpartiesAxis__custom--FortunasAndProutMember_zlX3Nftnklg8" title="Consideration amount"><span id="xdx_908_eifrs-full--ConsiderationPaidReceived_uUSD_c20240101__20241231__ifrs-full--CounterpartiesAxis__custom--FortunasAndProutMember_z1izeywGPGdj" title="Consideration amount">230,000</span></span>) and a 3% NSR.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">On May 28, 2025, the Company entered into an option agreement with Mammoth Minerals Limited (Mammoth) granting Mammoth an option to earn an <span id="xdx_901_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20250528__ifrs-full--CounterpartiesAxis__custom--MammothMember_zBvowPLng9o1" title="Acquired interest">80</span>% interest in the Excelsior Springs project. In consideration of the option, Mammoth has paid the Company $<span id="xdx_909_eifrs-full--ConsiderationPaidReceived_c20250527__20250528__ifrs-full--CounterpartiesAxis__custom--MammothMember_zk9aqqiCRDjd" title="Consideration amount">178,253</span> (AUD$<span id="xdx_908_eifrs-full--ConsiderationPaidReceived_uAUD_c20250527__20250528__ifrs-full--CounterpartiesAxis__custom--MammothMember_zcFepESGhUU6" title="Consideration amount">200,000</span>) in cash, and <span id="xdx_902_eifrs-full--NumberOfSharesIssued_iI_c20250528__ifrs-full--CounterpartiesAxis__custom--MammothMember_zrmriIeE2TU5" title="Number of ordinary shares issued">32,000,000</span> common shares with a fair value of $<span id="xdx_909_eifrs-full--FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished_iI_uCAD_c20250528__ifrs-full--CounterpartiesAxis__custom--MammothMember_zA4QnfzXE828" title="Fair market value">2,839,872</span> (US$<span id="xdx_90E_eifrs-full--FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished_iI_uUSD_c20250528__ifrs-full--CounterpartiesAxis__custom--MammothMember_zbCjGiQBUk6b" title="Fair market value">2,059,520</span>), which was recognized as a reduction to mineral properties totaling $<span id="xdx_907_eifrs-full--IncreaseDecreaseInCashAndCashEquivalents_uCAD_c20250527__20250528__ifrs-full--CounterpartiesAxis__custom--MammothMember_zZgIB0Ent2l2" title="Carrying amount of mineral rights">3,018,125</span> (US$<span id="xdx_90B_eifrs-full--IncreaseDecreaseInCashAndCashEquivalents_uUSD_c20250527__20250528__ifrs-full--CounterpartiesAxis__custom--MammothMember_zTuXDGHN8PEh" title="Carrying amount of mineral rights">2,187,635</span>). A 1% net smelter return royalty will also be provided to the Company on certain claims comprising the Property.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">Mammoth is also required to incur not less than US$<span id="xdx_90C_eifrs-full--PurchaseOfExplorationAndEvaluationAssets_uUSD_c20250527__20250528__ifrs-full--CounterpartiesAxis__custom--MammothMember_ziQHUNqJEati">5,000,000</span> in exploration expenditures by May 2030. If Mammoth successfully earns its <span id="xdx_903_ecustom--InvestmentsInJointVenturesEarnInterestPercentage_iI_dp_c20250528__ifrs-full--CounterpartiesAxis__custom--MammothMember_zoVvj8t9Ccm2" title="Investments in joint ventures earn interest percentage">80</span>% interest, the parties will form a joint venture partnership that provides the Company with a <span id="xdx_904_ecustom--FreeCarriedInterestPercentage_iI_pip0_dp_c20250528__ifrs-full--CounterpartiesAxis__custom--MammothMember_zjcsgs92rH82" title="Free carried interest percentage">20</span>% free-carried interest until a Definitive Feasibility Study is published.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><b>Laird Lake and Oneman Lake Projects</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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 <span id="xdx_90D_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20241231__ifrs-full--CounterpartiesAxis__custom--OnemanLakeMember_zGLIk47Ws2Ij" title="Acquired interest">100</span>% 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: </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <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: 39.3pt"></td><td style="width: 18pt"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">$<span id="xdx_902_eifrs-full--PlanAssetsAtFairValue_iI_c20250819__ifrs-full--CounterpartiesAxis__custom--BountyGoldMember_zTXFwixEXsy5" title="Fair value">50,000</span> by August 19, 2025 (paid, cash of $<span id="xdx_90F_ecustom--CashPayment_iI_c20250819__ifrs-full--CounterpartiesAxis__custom--BountyGoldMember_z3VEYKPARVmb" title="Cash payment">25,000</span> and issued <span id="xdx_90E_ecustom--StocksIssuedDuringPeriodSharesAcquisitions_c20250818__20250819__ifrs-full--CounterpartiesAxis__custom--BountyGoldMember_zmFyWhD6fagj" title="Stock issued for acquisition, shares issued">500,000</span> common shares with a fair value of $<span id="xdx_900_ecustom--StocksIssuedDuringPeriodValueAcquisitions_c20250818__20250819__ifrs-full--CounterpartiesAxis__custom--BountyGoldMember_zvCz4SirSDm4" title="Fair value">25,000</span>);</span></td></tr> <tr style="vertical-align: top"> <td style="width: 39.3pt"></td><td style="width: 18pt"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">$<span id="xdx_90A_eifrs-full--PlanAssetsAtFairValue_iI_c20260819__ifrs-full--CounterpartiesAxis__custom--BountyGoldMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventMember_zwPz5MLDYYtl" title="Fair value">50,000</span> by August 19, 2026 (paid cash of $<span id="xdx_90D_ecustom--CashPayment_iI_c20260819__ifrs-full--CounterpartiesAxis__custom--BountyGoldMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventMember_ziNh2Jbl3S1g" title="Cash payment">50,000</span>);</span></td></tr> <tr style="vertical-align: top"> <td style="width: 39.3pt"></td><td style="width: 18pt"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">$<span id="xdx_90D_eifrs-full--PlanAssetsAtFairValue_iI_c20260630__ifrs-full--CounterpartiesAxis__custom--BountyGoldOneMember_zgjEjsBl3CG5" title="Fair value">50,000</span> by August 19, 2027;</span></td></tr> <tr style="vertical-align: top"> <td style="width: 39.3pt"></td><td style="width: 18pt"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">$<span id="xdx_906_eifrs-full--PlanAssetsAtFairValue_iI_c20260630__ifrs-full--CounterpartiesAxis__custom--BountyGoldTwoMember_zCCHFiOprw3i" title="Fair value">50,000</span> by August 19, 2028; and</span></td></tr> <tr style="vertical-align: top"> <td style="width: 39.3pt"></td><td style="width: 18pt"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">$<span id="xdx_90F_ecustom--CashPayment_iI_c20260630__ifrs-full--CounterpartiesAxis__custom--BountyGoldMember_z4PTA5SGuRih" title="Cash payment">1,000,000</span> in cash by August 19, 2029, or alternatively:</span></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: 58.5pt"></td><td style="width: 18pt"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_909_ecustom--PercentageOfCashPayment_iI_pip0_dp_c20260630__ifrs-full--BusinessCombinationsAxis__custom--OptionToBountyGoldToAcquireLairdLakeProjectMember_zg9PABC3dGXf" title="Percentage of cash payment">75</span>% in cash and <span id="xdx_90A_ecustom--CommonSharesInterestRate_iI_pip0_dp_c20260630__ifrs-full--BusinessCombinationsAxis__custom--OptionToBountyGoldToAcquireLairdLakeProjectMember_zWBsQrETNxNe" title="Common shares interest rate">25</span>% in common shares, for a total payment of $<span id="xdx_906_eifrs-full--PaymentsForShareIssueCosts_c20260101__20260630__ifrs-full--BusinessCombinationsAxis__custom--OptionToBountyGoldToAcquireLairdLakeProjectMember_zzGlWgdUNPzl" title="Payment for cash">1,250,000</span>;</span></td></tr> <tr style="vertical-align: top"> <td style="width: 58.5pt"></td><td style="width: 18pt"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_901_ecustom--PercentageOfCashPayment_iI_pip0_dp_c20260630__ifrs-full--BusinessCombinationsAxis__custom--OptionToBountyGoldToAcquireLairdLakeProject1Member_z5p9XMzEnmL2" title="Percentage of cash payment">50</span>% in cash and <span id="xdx_908_ecustom--CommonSharesInterestRate_iI_pip0_dp_c20260630__ifrs-full--BusinessCombinationsAxis__custom--OptionToBountyGoldToAcquireLairdLakeProject1Member_z8cCSIqPqALh" title="Common shares interest rate">50</span>% in common shares, for a total payment of $<span id="xdx_901_eifrs-full--PaymentsForShareIssueCosts_c20260101__20260630__ifrs-full--BusinessCombinationsAxis__custom--OptionToBountyGoldToAcquireLairdLakeProject1Member_z1YeEC4P4695" title="Payment for cash">1,500,000</span>; </span></td></tr> <tr style="vertical-align: top"> <td style="width: 58.5pt"></td><td style="width: 18pt"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_90C_ecustom--PercentageOfCashPayment_iI_pip0_dp_c20260630__ifrs-full--BusinessCombinationsAxis__custom--OptionToBountyGoldToAcquireLairdLakeProject2Member_z2eZ5Bci3s5j" title="Percentage of cash payment">25</span>% in cash and <span id="xdx_90F_ecustom--CommonSharesInterestRate_iI_pip0_dp_c20260630__ifrs-full--BusinessCombinationsAxis__custom--OptionToBountyGoldToAcquireLairdLakeProject2Member_zpVomu3GdGQ4" title="Common shares interest rate">75</span>% in common shares, for a total payment of $<span id="xdx_90A_eifrs-full--PaymentsForShareIssueCosts_c20260101__20260630__ifrs-full--BusinessCombinationsAxis__custom--OptionToBountyGoldToAcquireLairdLakeProject2Member_z10qz5zvSBhl" title="Payment for cash">1,750,000</span>.</span></td></tr></table> <p style="margin-top: 0; margin-bottom: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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 $<span id="xdx_905_eifrs-full--PaymentsForShareIssueCosts_c20260101__20260630__ifrs-full--BusinessCombinationsAxis__custom--NSRMember_zbzOP6J1pKT4" title="Payment for cash">1,000,000</span> at any time.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 22.5pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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_90A_ecustom--StocksIssuedDuringPeriodSharesAcquisitions_c20260219__20260220__ifrs-full--CounterpartiesAxis__custom--WabauskangMember_z6WuFZLNOxEb" title="Stock issued for acquisition, shares issued">10,101</span> common shares at a fair value of $<span id="xdx_90E_eifrs-full--PlanAssetsAtFairValue_iI_c20260220__ifrs-full--CounterpartiesAxis__custom--WabauskangMember_z0b1kui0ZE23" title="Fair value">6,000</span> (Note 4).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">Following a strategic review of the Company’s portfolio and the prioritization of the Forester project, the Company has elected to allow the Oneman Lake claims to lapse to focus its capital and technical resources on higher priority assets, namely Laird Lake and Forester. There was $<span id="xdx_90A_eifrs-full--IntangibleExplorationAndEvaluationAssets_iI_dxL_c20260630_zDklk0XteAVk" title="Capitalized to mineral properties::XDX::0"><span style="-sec-ix-hidden: xdx2ixbrl0713">nil</span></span> capitalized to mineral properties in relation to Oneman, therefore, no impairment has been recognized on the project.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><b>Forester Gold Project</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">On March 12, 2026, the Company acquired a <span id="xdx_902_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pip0_dp_c20260312__ifrs-full--CounterpartiesAxis__custom--ForesterGoldProjectMember_zkphiKRoryuk" title="Acquired interest">100</span>% 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_90B_ecustom--StocksIssuedDuringPeriodSharesAcquisitions_c20260311__20260312__ifrs-full--CounterpartiesAxis__custom--ForesterGoldProjectMember_zhZVR2vZFUsh" title="Stock issued for acquisition, shares issued">4,242,429</span> common shares at a price of $0.54 per share for a total fair value of $<span id="xdx_901_ecustom--StocksIssuedDuringPeriodValueAcquisitions_c20260311__20260312__ifrs-full--CounterpartiesAxis__custom--ForesterGoldProjectMember_zZMPTDStV9W5" title="Stock issued for acquisition, value">2,310,000</span> (Note 4), less $<span id="xdx_90A_ecustom--CashReimbursements_c20260311__20260312__ifrs-full--CounterpartiesAxis__custom--ForesterGoldProjectMember_z8jh8uQ2BJxh" title="Cash reimbursements">13,293</span> in cash reimbursements from Last Bounty. The Property is subject to an existing 2% NSR royalty payable to arm’s length third party vendors. The Company will have the right to purchase one-half of the royalty (reducing it to 1%) for $<span id="xdx_90E_ecustom--RoyaltyExpenses_c20260311__20260312__ifrs-full--CounterpartiesAxis__custom--ForesterGoldProjectMember_zF0hw8IftVI2" title="Royalty adjusted for inflation">2,000,000</span>, adjusted for inflation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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, <i>Share-based Payments </i>and IFRS 3, <i>Business Combinations</i> 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.</p> <table cellpadding="0" cellspacing="0" id="xdx_894_ecustom--DisclosureOfMineralPropertiesExplanatory_zfQWLOHnz3fd" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-left: 0.3in" summary="xdx: Disclosure - Mineral properties (Details)"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: center"><span><span id="xdx_8B0_z8yMc8lID2a2" style="display: none">Summary of mineral properties</span></span></td><td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">December 31,</td><td style="text-align: center; font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">June 30,</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2025</td><td style="text-align: center; font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Additions, net</td><td style="text-align: center; font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2026</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; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center">$</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_98F_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iS_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zVKKAbB1fC0l" style="width: 11%; 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_980_eifrs-full--AdditionsFromAcquisitionsInvestmentProperty_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zpBbgu4NjMCg" style="width: 11%; 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_981_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iE_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zgWcQasOoVgj" style="width: 11%; 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">Laird Lake</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iS_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--LairdAndOnemanMember_zfTV7s7lbzh8" 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_985_eifrs-full--AdditionsFromAcquisitionsInvestmentProperty_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--LairdAndOnemanMember_zQcfZKOEilwe" 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_986_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iE_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--LairdAndOnemanMember_zWjuMEWvUwMj" 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; padding-bottom: 1pt">Forester</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_98C_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iS_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--ForesterMember_z5gmTKZScUJk" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right" title="Mineral properties gross beginning">–</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_98F_eifrs-full--AdditionsFromAcquisitionsInvestmentProperty_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--ForesterMember_ziPteFrF49X9" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right" title="Additions, net">2,296,707</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_98C_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iE_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--ForesterMember_zCxoeifNiTci" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right" title="Mineral properties gross ending">2,296,707</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; 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_98C_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iS_c20260101__20260630_zEZ0ajcyGIPl" 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__20260630_zXCEzpWYdf33" 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_980_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iE_c20260101__20260630_z9epRQSD297j" 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; padding-bottom: 1pt">Elimination of cumulative translation adjustment</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_982_ecustom--EliminationOfCumulativeTranslationAdjustments_iS_d0_c20260101__20260630_zrp2tPtX8Hp2" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right" title="Elimination of cumulative translation adjustment beginning">–</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_988_ecustom--EliminationOfCumulativeTranslationAdjustmentAdditionsNet_d0_c20260101__20260630_zcWKnmOxNUDe" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right" title="Elimination of cumulative translation adjustment additions, net">–</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_984_ecustom--EliminationOfCumulativeTranslationAdjustments_iE_d0_c20260101__20260630_zwUNFdLUuX32" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right" title="Elimination of cumulative translation adjustment ending">778,690</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt">Total</td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td id="xdx_984_ecustom--AssetsArisingFromExplorationForAndEvaluationOfMineralResourcesNet_iS_c20260101__20260630_zbi2Zp89M4w2" style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: right" title="Mineral properties net beginning">4,834,615</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td id="xdx_980_eifrs-full--AdditionsFromAcquisitionsInvestmentProperty_d0_c20260101__20260630_zFDScHq0fSld" style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: right" title="Additions, net">2,296,707</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td id="xdx_98A_ecustom--AssetsArisingFromExplorationForAndEvaluationOfMineralResourcesNet_iE_c20260101__20260630_zNGm6vE5y83a" style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: right" title="Mineral properties net ending">7,910,012</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: center"> </td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: center">December 31,</td><td style="text-align: center"> </td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: center">June 30,</td><td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: center">2024</td><td style="text-align: center"> </td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: center">Additions</td><td style="text-align: center"> </td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: center">2025</td><td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"> </td><td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center">$</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center">$</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center">$</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 1.5pt solid; padding-left: 10pt; text-align: left; padding-bottom: 1pt">Excelsior Springs</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_982_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iS_c20250101__20250630__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zyHZb2grcWei" style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: right" title="Mineral properties gross beginning">7,840,981</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_98D_eifrs-full--AdditionsFromAcquisitionsInvestmentProperty_d0_c20250101__20250630__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_z6scIUZJA0u6" style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: right" title="Additions, net">–</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_989_eifrs-full--AssetsArisingFromExplorationForAndEvaluationOfMineralResources_iE_c20250101__20250630__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zUTjBBfa1lBc" style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: right" title="Mineral properties gross ending">7,840,981</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">Exploration and evaluation costs expensed on the projects consisted of the following:</p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-left: 0.3in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td> </td> <td colspan="3"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Excelsior</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Laird</td><td> </td> <td colspan="3"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Springs</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Lake</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Total</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">Six months ended June 30, 2026</td><td style="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center">$</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 10pt; width: 45%; text-align: left">Assays and sampling</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98A_ecustom--ExplorationAndEvaluationAssaysAndSampling_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_z4MlOndjQgm8" style="width: 11%; text-align: right" title="Assays and sampling">–</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_988_ecustom--ExplorationAndEvaluationAssaysAndSampling_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--LairdLakeMember_zwHmCWNERWz2" style="width: 11%; text-align: right" title="Assays and sampling">92,611</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_ecustom--ExplorationAndEvaluationAssaysAndSampling_d0_c20260101__20260630_zDYYP9BiXjC9" style="width: 11%; text-align: right" title="Assays and sampling">92,611</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">Field</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--ExplorationAndEvaluationCostsField_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zMFXRAd3uZB" style="text-align: right" title="Field">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_ecustom--ExplorationAndEvaluationCostsField_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--LairdLakeMember_zgvraWDayeWk" style="text-align: right" title="Field">32,396</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--ExplorationAndEvaluationCostsField_d0_c20260101__20260630_zxdsvvTuQUAi" style="text-align: right" title="Field">32,396</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 10pt; text-align: left">Drilling</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--ExplorationAndEvaluationCostsDrilling_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zboPG0Pd9ZId" style="text-align: right" title="Drilling">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--ExplorationAndEvaluationCostsDrilling_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--LairdLakeMember_zWwlPzGmcYje" style="text-align: right" title="Drilling">1,237,382</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--ExplorationAndEvaluationCostsDrilling_d0_c20260101__20260630_zH5PF6adEfsg" style="text-align: right" title="Drilling">1,237,382</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Geological and consulting (Note 6)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--ExplorationAndEvaluationCostsGeologicalAndConsulting_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zAUGFic1MHy9" style="text-align: right" title="Geological and consulting">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--ExplorationAndEvaluationCostsGeologicalAndConsulting_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--LairdLakeMember_zD3eg8JbXWt" style="text-align: right" title="Geological and consulting">580,758</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--ExplorationAndEvaluationCostsGeologicalAndConsulting_d0_c20260101__20260630_zjjGH7G2nNYk" style="text-align: right" title="Geological and consulting">580,758</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; padding-bottom: 1pt">Other</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_98B_ecustom--ExplorationAndEvaluationCostsOther_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zGNMXYRwhuu4" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right" title="Other">–</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_980_ecustom--ExplorationAndEvaluationCostsOther_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--LairdLakeMember_zC3Dp1m1SVj5" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right" title="Other">50,000</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_989_ecustom--ExplorationAndEvaluationCostsOther_d0_c20260101__20260630_z3DbBmZ4BRZ1" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right" title="Other">50,000</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--ExplorationAndEvaluationCostsGross_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zjJybNAmSTx6" 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_986_ecustom--ExplorationAndEvaluationCostsGross_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--LairdLakeMember_z5OsAqxKROul" style="text-align: right" title="Exploration and evaluation costs gross">1,993,147</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--ExplorationAndEvaluationCostsGross_d0_c20260101__20260630_z0RHjzdcT8r9" style="text-align: right" title="Exploration and evaluation costs gross">1,993,147</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; padding-bottom: 1pt">Less: Recovery of costs</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_98B_ecustom--ExplorationAndEvaluationCostsRecoveryOfCosts_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zERC9IzZ14M1" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right" title="Less: Recovery of costs">–</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_988_ecustom--ExplorationAndEvaluationCostsRecoveryOfCosts_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--LairdLakeMember_zAXAqq09euRf" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right" title="Less: Recovery of costs">(200,000</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left">)</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_98D_ecustom--ExplorationAndEvaluationCostsRecoveryOfCosts_d0_c20260101__20260630_zNrtsjaZvTo" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right" title="Less: Recovery of costs">(200,000</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1.5pt solid; text-align: left; padding-bottom: 1pt"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td id="xdx_983_ecustom--ExplorationAndEvaluationCostsNet_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zHERe46SNtPe" style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: right" title="Exploration and evaluation costs net">–</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td id="xdx_980_ecustom--ExplorationAndEvaluationCostsNet_d0_c20260101__20260630__ifrs-full--ProductsAndServicesAxis__custom--LairdLakeMember_zu7qGB6P93ye" style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: right" title="Exploration and evaluation costs net">1,793,147</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td id="xdx_988_ecustom--ExplorationAndEvaluationCostsNet_d0_c20260101__20260630_zp4cobIYVB93" style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: right" title="Exploration and evaluation costs net">1,793,147</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <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 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: White"> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: center">Excelsior</td><td style="font-weight: bold; text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: center">Laird</td><td style="font-weight: bold; text-align: center"> </td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: center">Springs</td><td style="font-weight: bold; text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: center">Lake</td><td style="font-weight: bold; text-align: center"> </td><td style="text-align: center; font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: center">Total</td><td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt">Six months ended June 30, 2025</td><td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold; text-align: center"> </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; padding-bottom: 1pt">Geological and consulting</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_989_ecustom--ExplorationAndEvaluationCostsGeologicalAndConsulting_d0_c20250101__20250630__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zdkOf9tS9qp4" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right" title="Geological and consulting">431,615</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_987_ecustom--ExplorationAndEvaluationCostsGeologicalAndConsulting_d0_c20250101__20250630__ifrs-full--ProductsAndServicesAxis__custom--LairdLakeMember_zz9aMAYnKBW6" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right" title="Geological and consulting">–</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_98D_ecustom--ExplorationAndEvaluationCostsGeologicalAndConsulting_d0_c20250101__20250630_zNVrZf6CKZ2c" style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: right" title="Geological and consulting">431,615</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left; padding-bottom: 1pt"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_98D_ecustom--ExplorationAndEvaluationCostsGross_d0_c20250101__20250630__ifrs-full--ProductsAndServicesAxis__custom--ExcelsiorSpringsMember_zh4PkqztYhJh" style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: right" title="Exploration and evaluation costs gross">431,615</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_98D_ecustom--ExplorationAndEvaluationCostsGross_d0_c20250101__20250630__ifrs-full--ProductsAndServicesAxis__custom--LairdLakeMember_z2mnkio80dS4" style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: right" title="Exploration and evaluation costs gross">–</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td id="xdx_982_ecustom--ExplorationAndEvaluationCostsGross_d0_c20250101__20250630_zFhhqfdCenr6" style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: right" title="Exploration and evaluation costs gross">431,615</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> </table> 4791780 0 4791780 42835 0 42835 0 2296707 2296707 4834615 2296707 7131322 0 0 778690 4834615 2296707 7910012 7840981 0 7840981 0 92611 92611 0 32396 32396 0 1237382 1237382 0 580758 580758 0 50000 50000 0 1993147 1993147 0 -200000 -200000 0 1793147 1793147 431615 0 431615 431615 0 431615 1 0.01 0.005 500000 0.005 1 1 295272 295272 230000 230000 0.80 178253 200000 32000000 2839872 2059520 3018125 2187635 5000000 0.80 0.20 1 50000 25000 500000 25000 50000 50000 50000 50000 1000000 0.75 0.25 1250000 0.50 0.50 1500000 0.25 0.75 1750000 1000000 10101 6000 1 4242429 2310000 13293 2000000 <p id="xdx_80A_eifrs-full--DisclosureOfSharebasedPaymentArrangementsExplanatory_zxSzhdFVdMR7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 22.5pt; text-align: justify"><b> </b></p> <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: 0.05in"></td><td style="width: 0.25in"><b>4.</b></td><td id="xdx_822_zUGfNL3PCjH7" style="text-align: justify"><b>Shareholders’ equity and reserves</b></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><b>Transactions for the issuance of share capital for the six months ended June 30, 2026:</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><b> </b></p> <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"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">In March 2026, the Company issued <span id="xdx_904_ecustom--StocksIssuedDuringPeriodSharesAcquisitions_c20260301__20260331__ifrs-full--CounterpartiesAxis__custom--LastBountyGoldCorpMember_zymlVQJmVIGi" title="Stock issued for finders fee, shares">4,242,429</span> common shares at a fair value of $<span id="xdx_901_ecustom--StocksIssuedDuringPeriodValueAcquisitions_c20260301__20260331__ifrs-full--CounterpartiesAxis__custom--LastBountyGoldCorpMember_zdR4JjKEytg3" title="Stock issued for finders fee, value">2,310,000</span> (approximately $0.54 each) for the acquisition of Last Bounty Gold Corp., on the acquisition of the Forester Gold project (Note 3).</span></td></tr> <tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="width: 31.7pt"></td><td style="width: 18pt"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The Company issued 56,768 common shares for services at a fair value of $27,000, comprising <span id="xdx_90A_ecustom--StocksIssuedDuringPeriodSharesAcquisitions_c20260101__20260630__ifrs-full--CounterpartiesAxis__custom--ExplorationRelatedServicesMember_zDWTtupeRe21" title="Stock issued for finders fee, shares">10,101</span> common shares at a fair value of $<span id="xdx_908_eifrs-full--PlanAssetsAtFairValue_iI_c20260630__ifrs-full--CounterpartiesAxis__custom--ExplorationRelatedServicesMember_z4DbVuIFIAYe" title="Stock issued for finders fee, value">6,000</span> (approximately $0.59 each) for exploration related services on the Laird Lake project (Note 3), and <span id="xdx_90A_ecustom--StocksIssuedDuringPeriodSharesAcquisitions_c20260101__20260630__ifrs-full--CounterpartiesAxis__custom--ConsultingServicesMember_zE8xcPyv1uBl" title="Stock issued for finders fee, shares">46,667</span> common shares at a fair value of $<span id="xdx_900_eifrs-full--PlanAssetsAtFairValue_iI_c20260630__ifrs-full--CounterpartiesAxis__custom--ConsultingServicesMember_z2nPNFHwNuPa" title="Stock issued for finders fee, value">21,000</span> ($0.45 each) for consulting services.</span></td></tr></table> <p style="margin-top: 0; margin-bottom: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><b>Transactions for the issuance of share capital for the six months ended June 30, 2025:</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><b> </b></p> <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"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">On April 25, 2025, the Company issued <span id="xdx_904_ecustom--StockIssuedForFindersFeeShares_c20250424__20250425__ifrs-full--CounterpartiesAxis__custom--LairdLakeAndOnemanLakeProjectsMember_zxxKI8Zoiotb" title="Stock issued for finders fee, shares">175,478</span> common shares at a fair value of $<span id="xdx_902_ecustom--StockIssuedForFindersFeeValue_c20250424__20250425__ifrs-full--CounterpartiesAxis__custom--LairdLakeAndOnemanLakeProjectsMember_zj9p9VBpTCpb" title="Stock issued for finders fee, value">86,862</span> as a finder’s fee. The shares were issued pursuant to the acquisition of Laird Lake and Oneman Lake Projects from Libra Lithium Corp. </span></td></tr> <tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="width: 31.7pt"></td><td style="width: 18pt"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">On April 25, 2025, the Company completed a private placement of <span id="xdx_901_ecustom--StockIssuedForPrivatePlacementShares_c20250424__20250425__ifrs-full--CounterpartiesAxis__custom--LairdLakeAndOnemanLakeProjectsMember_zDTl4SN4Yqh8" title="Stock issued for private placement, shares">1,545,455</span> flow-through shares at a price of approximately $0.50 each for gross proceeds of $<span id="xdx_908_ecustom--StockIssuedForPrivatePlacementValue_c20250424__20250425__ifrs-full--CounterpartiesAxis__custom--LairdLakeAndOnemanLakeProjectsMember_zDyYWr6pMC66" title="Stock issued for private placement, value">765,000</span>. There was no flow-through premium liability recognized on the private placement as the subscription price was equal to the trading price of the Company’s common share as quoted on the CSE.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 49.7pt; text-align: justify"> </p> <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"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">On April 25, 2025, in connection with the private placement of flow-through shares, the Company issued <span id="xdx_901_ecustom--StockIssuedForPrivatePlacementShares_c20250424__20250425_zUGrfdYVmyx1" title="Stock issued for private placement, shares">48,485</span> units at a fair value of $<span id="xdx_90E_ecustom--StockIssuedForPrivatePlacementValue_c20250424__20250425_zdY7cIWJ42Ck" title="Stock issued for private placement, value">24,000</span> (approximately $0.50 each) for finder’s fees.</span></td></tr> <tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="width: 31.7pt"></td><td style="width: 18pt"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">On June 30, 2025, the Company completed a non-brokered private placement of <span id="xdx_90B_ecustom--StockIssuedForNonbrokeredPrivatePlacementShares_c20250424__20250425_zOmUQu44CzPc" title="Stock issued for non-brokered private placement, shares">335,555</span> units at a price of approximately $0.50 each for gross proceeds of $<span id="xdx_90E_ecustom--StockIssuedForNonbrokeredPrivatePlacementValue_c20250424__20250425_zwgSdeDVcghk" title="Stock issued for non-brokered private placement, value">166,100</span>. Each warrant is exercisable into one common share at a price of $1.19 until June 30, 2028. The warrants are subject to an accelerated exercise provision. On initial recognition, the warrants were measured at a fair value of $73,490 using the Black-Scholes option pricing model.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><b>Stock options</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">On June 3, 2026, the Board of Directors of the Company adopted the 2026 Stock Option Plan (the “2026 Plan”) which will supersede and replace the 2020 Equity Incentive Plan and all other previous stock option plans. Under the 2026 Plan, the aggregate number of common shares issuable pursuant to options granted may not exceed 10% of the Company’s issued and outstanding common shares at the time of grant, on a rolling basis, as compared to the fixed maximum of 1,010,101 shares reserved under the 2020 Equity Incentive Plan. All issued and outstanding stock options of the Company previously granted under the Company’s 2020 Equity Incentive Plan shall be continued under and governed by the 2026 Stock Option Plan.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">Options granted under the 2026 Plan have a maximum term of ten years from the date of grant, an exercise price not less than the greater of CAD (a) $0.05, and (b) the closing market price of the Company’s common shares on the trading day immediately preceding the date of grant of the option, and (c) the closing market price of the Company’s common shares on the date of grant of the Option, and vesting terms as determined by the Board. As at June 30, 2026, the 2026 Plan had not yet been approved by shareholders and no options had been granted thereunder; the option activity disclosed below relates entirely to the 2020 Equity Incentive Plan. Subsequent to period end, on July 24, 2026, the Company’s shareholders approved the 2026 Plan at the Company’s annual general and special meeting of shareholders (Note 10).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">A summary of the Company’s stock options as at June 30, 2026 and December 31, 2025, and changes during the period/year then ended are as follows:</p> <table cellpadding="0" cellspacing="0" id="xdx_896_ecustom--ScheduleOfStockOptionActivityTextBlock_zr3Bnd34iDIk" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Shareholders' equity and reserves (Details - Stock option activity)"> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td colspan="6" style="font-weight: bold; text-align: left"><span id="xdx_8BB_z1R8UBymbyQ5" style="display: none">Summary of stock option activity</span></td><td style="text-align: center"> </td> <td colspan="7" style="text-align: center"> </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="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Period ended<br/> June 30, 2026</td><td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; text-align: center">Year ended<br/> December 31, 2025</td></tr> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td colspan="2" style="text-align: center">Options</td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center">Weighted <br/> average<br/> exercise price</td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center">Options</td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center">Weighted <br/> average<br/> exercise price</td></tr> <tr style="vertical-align: bottom"> <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; padding-bottom: 1pt; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"> </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; padding-bottom: 1pt; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"> </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; padding-bottom: 1pt; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"> </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; padding-bottom: 1pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 44%">Options outstanding, beginning of period/year</td> <td style="width: 2%"> </td> <td id="xdx_980_eifrs-full--NumberOfOutstandingShareOptions_iS_uShares_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zK1XVAbaKKtf" style="width: 11%; text-align: right">806,061</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_984_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iS_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zA1t2PYPUq79" style="width: 11%; text-align: right">0.70</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_98F_eifrs-full--NumberOfOutstandingShareOptions_iS_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zrwLtB5RdFub" style="width: 11%; text-align: right">528,283</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_98D_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iS_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_z4LBdbgZyNI8" style="width: 11%; text-align: right">0.69</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td>Granted</td> <td> </td> <td id="xdx_98E_eifrs-full--NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_uShares_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zTjTGnG9Tk0k" style="text-align: right">454,040</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--WeightedAverageSharePriceShareOptionsGranted2019_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zc3fgIYm4yGi" style="text-align: right">0.54</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_zFcxp9Rtkyh5" 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_zqx8TIgF6aG2" style="text-align: right">0.50</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid">Expired</td> <td style="border-bottom: Black 1pt solid"> </td> <td id="xdx_985_eifrs-full--NumberOfShareOptionsExercisedInSharebasedPaymentArrangement_iN_di_uShares_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zXwRk2aZLo57" style="border-bottom: Black 1pt solid; text-align: right">(252,525</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left">)</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_ecustom--WeightedAverageSharePriceShareOptionsExpired_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zu72LEkEcRke" style="border-bottom: Black 1pt solid; text-align: right">0.83</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </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_zQEDuFIJaTHb" style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </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_zbyZ4QvGVlOb" style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 1.5pt solid"><b>Options outstanding, end of period/year</b></td> <td style="border-bottom: Black 1.5pt solid"> </td> <td id="xdx_984_eifrs-full--NumberOfOutstandingShareOptions_iE_uShares_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zO0D7aDBqEC1" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,007,576</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_980_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iE_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zfMANruhEum3" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">0.58</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_981_eifrs-full--NumberOfOutstandingShareOptions_iE_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zze0ynFZPtkg" style="border-bottom: Black 1.5pt solid; text-align: right">806,061</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_984_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iE_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zV3Pv0h7uR1g" style="border-bottom: Black 1.5pt solid; text-align: right">0.70</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8AF_z2GOJ8fz1Wod" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.25pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.25pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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 remains within reserves and is not reclassified.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">As at June 30, 2026, the Company has stock options outstanding and exercisable as follows:</p> <table cellpadding="0" cellspacing="0" id="xdx_897_ecustom--DisclosureOfDetailedInformationAboutStockOptionsOutstandingAndExercisableExplanatory_zAcZlvHgzLN1" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 70%; margin-left: 0.3in" summary="xdx: Disclosure - Shareholders' equity and reserves (Details - Stock options outstanding and exercisable)"> <tr style="vertical-align: bottom"> <td style="text-align: left"><span id="xdx_8B1_znzkcRGaynn4" style="display: none">Summary of stock options outstanding and exercisable</span></td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td> </td><td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center">Options</td><td> </td> <td colspan="3" style="text-align: center">Options</td><td> </td> <td colspan="3" style="text-align: center">Exercise</td><td> </td> <td> </td><td> </td> <td colspan="3" style="text-align: center">Weighted average</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center">outstanding</td><td> </td> <td colspan="3" style="text-align: center">exercisable</td><td> </td> <td colspan="3" style="text-align: center">price</td><td> </td> <td style="text-align: center">Expiry date</td><td> </td> <td colspan="3" style="text-align: center">remaining life</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; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">#</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: center"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">(years)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td id="xdx_984_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice11Member_ztxBRncQZpWf" style="width: 11%; text-align: right" title="Options outstanding">25,253</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice11Member_zvkuCOt8bVf7" style="width: 11%; 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_985_eifrs-full--WeightedAverageSharePrice2019_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice11Member_zXf3h0SntqXa" style="width: 11%; 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: 12%; text-align: right"><span id="xdx_900_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice11Member_z7E30r68el6d" title="Expiry date">January 16, 2028</span></td><td style="width: 1%"> </td> <td style="width: 2%; text-align: left"> </td><td style="width: 11%; text-align: right"><span id="xdx_908_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice11Member_zA6pXIPTTyZg" title="Weighted average remaining life">1.55</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_986_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice12Member_zcdCL0k80I6" style="text-align: right">73,737</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice12Member_zbeeGCrr8rac" style="text-align: right">73,737</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--WeightedAverageSharePrice2019_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice12Member_z6juM977ut1l" 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_902_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice12Member_zp3b1onNvimk" title="Expiry date">August 24, 2032</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_907_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice12Member_zwib4MjaEEhe" title="Weighted average remaining life">6.16</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td id="xdx_984_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice13Member_zWFduqXDACde" style="text-align: right">176,768</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice13Member_z1pD2xKstXxf" style="text-align: right">176,768</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--WeightedAverageSharePrice2019_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice13Member_z8VcvBAMUG1f" style="text-align: right" title="Weighted average exercise price">0.79</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"><span id="xdx_901_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice13Member_zajRM1zP8RV3" title="Expiry date">October 12, 2032</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90D_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice13Member_zaAJ3KgJbe3d" title="Weighted average remaining life">6.29</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_983_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice14Member_zyanA3Jwbw3k" style="text-align: right">277,778</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice14Member_zJpVavxh7ZN" style="text-align: right">277,778</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--WeightedAverageSharePrice2019_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice14Member_z90ZUAGoJZI2" style="text-align: right" title="Weighted average exercise price">0.50</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"><span id="xdx_908_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice14Member_z0e0xRejNng6" title="Expiry date">June 12, 2035</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_902_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice14Member_z76bHeLj5sB6" title="Weighted average remaining life">8.96</span></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--NumberOfOutstandingShareOptions_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice15Member_zRLfrGyR4hGj" style="text-align: right">204,040</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice15Member_zxt7ZdWGg0E3" style="text-align: right">204,040</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--WeightedAverageSharePrice2019_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice15Member_zSyO1mt2yGFk" 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_906_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice15Member_zUMQfgBA6JKi" title="Expiry date">March 19, 2036</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_900_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice15Member_zu4hY28D8dq8" title="Weighted average remaining life">9.73</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_987_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice16Member_z1NhaWkCDWC2" style="border-bottom: Black 1pt solid; text-align: right">250,000</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice16Member_ztRCoUpDPhUf" style="border-bottom: Black 1pt solid; text-align: right">250,000</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eifrs-full--WeightedAverageSharePrice2019_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice16Member_zNAcZUPhR9vh" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average exercise price">0.49</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: right; padding-bottom: 1pt"><span id="xdx_906_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice16Member_zP83C9HzDbI7" title="Expiry date">April 16, 2036</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </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_90B_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice16Member_zGabJvTVxd58" title="Weighted average remaining life">9.80</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td id="xdx_983_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zAaM77mBViel" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right" title="Options outstanding">1,007,576</td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_985_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zSyvIZVyfdGl" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,007,576</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_986_eifrs-full--WeightedAverageSharePrice2019_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zd4f4dhYFEz9" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right" title="Weighted average exercise price">0.58</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: right; padding-bottom: 1pt"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span id="xdx_903_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_z8eATQBKl5F6" title="Weighted average remaining life">8.33</span></td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8AB_zgLD9S8TZeTg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">Total share-based payments expense for the six months ended June 30, 2026, was $<span id="xdx_903_ecustom--SharebasedCompensationExpense_c20260101__20260630_zYsZF2m2Zsk1" title="Share-based compensation expense">222,115</span> (2025 - $<span id="xdx_908_ecustom--SharebasedCompensationExpense_c20250101__20250630_zhKcTaLLT4Da" title="Share-based compensation expense">125,827</span>) comprising the following grants:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <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: 40.5pt"></td><td style="width: 18pt"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">During the six months ended June 30, 2026, <span id="xdx_90E_eifrs-full--NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--DirectorsMember_ziEUxoRaV7T5" title="Options granted">204,040</span> options were granted to directors of the Company with a weighted average exercise price of $<span id="xdx_906_eifrs-full--WeightedAverageSharePriceShareOptionsGranted2019_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--DirectorsMember_z7DqI0b3TRY3" title="Options granted, weighed average exercise price">0.59</span> each expiring on March 19, 2036, which vested immediately. <span id="xdx_902_eifrs-full--ExplanationOfShareOptionsInSharebasedPaymentArrangement_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--DirectorsMember_zpwyL4r8zDr7" title="Weighted average assumptions, description">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%. Using the above assumptions, the fair value of options granted was approximately $0.49 per option, for an aggregate total of $100,936.</span></span></td></tr> <tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="width: 40.5pt"></td><td style="width: 18pt"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">During the six months ended June 30, 2026, <span id="xdx_904_eifrs-full--NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ConsultantsAndOfficerMember_zkOneaHJPT7h" title="Options granted">250,000</span> options were granted to consultants and an officer of the Company with a weighted average exercise price of $<span id="xdx_907_eifrs-full--WeightedAverageSharePriceShareOptionsGranted2019_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ConsultantsAndOfficerMember_zHkSqjXT6nOl" title="Options granted">0.49</span> each expiring on April 16, 2036, which vested immediately. <span id="xdx_90C_eifrs-full--ExplanationOfShareOptionsInSharebasedPaymentArrangement_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ConsultantsAndOfficerMember_zsVvICtmgIid" title="Options granted">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%. Using the above assumptions, the fair value of options granted was approximately $0.45 per option, for an aggregate total of $121,179.</span></span></td></tr> <tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="width: 40.5pt"></td><td style="width: 18pt"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">During the year ended December 31, 2025, <span id="xdx_90B_eifrs-full--NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--DirectorsAndConsultantsMember_zAo8iZTSARSd" title="Options granted">277,778</span> options were granted to directors and consultants of the Company with a weighted average exercise price of $<span id="xdx_90A_eifrs-full--WeightedAverageSharePriceShareOptionsGranted2019_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--DirectorsAndConsultantsMember_zORNnx8eLae1" title="Options granted">0.50</span> each expiring on June 12, 2035, which vested immediately. <span id="xdx_900_eifrs-full--ExplanationOfShareOptionsInSharebasedPaymentArrangement_c20250101__20251231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--DirectorsAndConsultantsMember_zzHO34qqKaPb" title="Options granted">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 was approximately $0.45 per option, for an aggregate total of $125,827.</span></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><b>Warrants</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">As an incentive to complete private placements, the Company may issue units which include common shares and common share purchase warrants.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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, <i>Financial Instruments</i>. 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, <i>Financial Instruments: Presentation </i>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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">A summary of the Company’s warrants as at June 30, 2026 and December 31, 2025, and changes during the period/year then ended are as follows:</p> <table cellpadding="0" cellspacing="0" id="xdx_898_eifrs-full--DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory_zVM3KvD0vfoj" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-left: 0.3in" summary="xdx: Disclosure - Shareholders' equity and reserves (Details - Changes in warrants)"> <tr style="vertical-align: bottom"> <td><span style="font-size: 8pt"><span id="xdx_8BA_z64VDC1wUyh9" style="display: none">Summary of changes in warrants</span></span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td colspan="7" style="font-weight: bold; text-align: center"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="7" style="text-align: center"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="3"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-size: 8pt">Period ended<br/> June 30, 2026</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td colspan="7" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">Year ended<br/> December 31, 2025</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center"><span style="font-size: 8pt"> </span></td> <td style="text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center"><span style="font-size: 8pt">Warrants</span></td><td style="text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center"><span style="font-size: 8pt"> </span></td> <td style="text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center"><span style="font-size: 8pt">Weighted <br/> average<br/> exercise price</span></td><td style="text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center"><span style="font-size: 8pt"> </span></td> <td style="text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center"><span style="font-size: 8pt">Warrants</span></td><td style="text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center"><span style="font-size: 8pt"> </span></td> <td style="text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center"><span style="font-size: 8pt">Weighted <br/> average<br/> exercise price</span></td><td style="text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center"><span style="font-size: 8pt"> </span></td> <td style="text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center"><span style="font-size: 8pt">Warrant<br/> liability</span></td><td style="text-align: center"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">#</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">$</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">#</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">$</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">$</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 25%; text-align: left"><span style="font-size: 10pt">Warrants outstanding, beginning of period/year</span></td><td style="width: 2%"><span style="font-size: 10pt"> </span></td> <td style="width: 1%; text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_987_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iS_uShares_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_z6VscGow9DO4" style="width: 9%; text-align: right"><span style="font-size: 10pt">3,926,930</span></td><td style="width: 1%; text-align: left"><span style="font-size: 10pt"> </span></td><td style="width: 2%"><span style="font-size: 10pt"> </span></td> <td style="width: 1%; text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_986_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iS_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_z83CoYr22xJc" style="width: 9%; text-align: right"><span style="font-size: 10pt">0.99</span></td><td style="width: 1%; text-align: left"><span style="font-size: 10pt"> </span></td><td style="width: 2%"><span style="font-size: 10pt"> </span></td> <td style="width: 1%; text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_98A_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iS_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_znvC2KCpnrZd" style="width: 9%; text-align: right"><span style="font-size: 10pt">3,665,657</span></td><td style="width: 1%; text-align: left"><span style="font-size: 10pt"> </span></td><td style="width: 2%"><span style="font-size: 10pt"> </span></td> <td style="width: 1%; text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_98C_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iS_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_znBIpRGuTDJ1" style="width: 9%; text-align: right"><span style="font-size: 10pt">1.06</span></td><td style="width: 1%; text-align: left"><span style="font-size: 10pt"> </span></td><td style="width: 2%"><span style="font-size: 10pt"> </span></td> <td style="width: 1%; text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_982_eifrs-full--WarrantLiability_iS_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zNbBfPVXfFpc" style="width: 9%; text-align: right"><span style="font-size: 10pt">857,250</span></td><td style="width: 1%; text-align: left"><span style="font-size: 10pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font-size: 10pt">Issued - unit offerings</span></td><td><span style="font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_988_eifrs-full--NumberOfInstrumentsOtherEquityInstrumentsGranted_d0_uShares_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zBY86KWVwS03" style="text-align: right"><span style="font-size: 10pt">–</span></td><td style="text-align: left"><span style="font-size: 10pt"> </span></td><td><span style="font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_980_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019_d0_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zUq0P22wP8R9" style="text-align: right"><span style="font-size: 10pt">–</span></td><td style="text-align: left"><span style="font-size: 10pt"> </span></td><td><span style="font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_985_eifrs-full--NumberOfInstrumentsOtherEquityInstrumentsGranted_d0_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zZ3nLiuChQv3" style="text-align: right"><span style="font-size: 10pt">2,578,188</span></td><td style="text-align: left"><span style="font-size: 10pt"> </span></td><td><span style="font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_98F_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019_d0_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_z3i4iGM0hZx" style="text-align: right"><span style="font-size: 10pt">0.91</span></td><td style="text-align: left"><span style="font-size: 10pt"> </span></td><td><span style="font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_980_ecustom--WarrantLiabilityIssuedUnitOfferings_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zk2SsDAVTKgg" style="text-align: right"><span style="font-size: 10pt">1,201,281</span></td><td style="text-align: left"><span style="font-size: 10pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left"><span style="font-size: 10pt">Issued - finders' warrants</span></td><td><span style="font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_983_ecustom--NumberOfInstrumentsOtherEquityInstrumentsIssued_d0_uShares_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zC39a0fnEmq8" style="text-align: right"><span style="font-size: 10pt">–</span></td><td style="text-align: left"><span style="font-size: 10pt"> </span></td><td><span style="font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_98B_ecustom--WeightedAverageExercisePriceOfOtherEquityInstrumentsIssuedInSharebasedPaymentArrangement2019_d0_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zkhTfZf223if" style="text-align: right"><span style="font-size: 10pt">–</span></td><td style="text-align: left"><span style="font-size: 10pt"> </span></td><td><span style="font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_982_ecustom--NumberOfInstrumentsOtherEquityInstrumentsIssued_d0_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zKbfNSdK6GK7" style="text-align: right"><span style="font-size: 10pt">284,095</span></td><td style="text-align: left"><span style="font-size: 10pt"> </span></td><td><span style="font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_981_ecustom--WeightedAverageExercisePriceOfOtherEquityInstrumentsIssuedInSharebasedPaymentArrangement2019_d0_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zZ2ixft7KR25" style="text-align: right"><span style="font-size: 10pt">0.94</span></td><td style="text-align: left"><span style="font-size: 10pt"> </span></td><td><span style="font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_985_ecustom--WarrantLiabilityIssuedFindersWarrants_d0_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zO7BSpLid6Cd" style="text-align: right"><span style="font-size: 10pt">–</span></td><td style="text-align: left"><span style="font-size: 10pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span style="font-size: 10pt">Expired</span></td><td><span style="font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_98A_eifrs-full--NumberOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement_iN_di0_uShares_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zMLQYlxucWMj" style="text-align: right"><span style="font-size: 10pt">–</span></td><td style="text-align: left"><span style="font-size: 10pt"> </span></td><td><span style="font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_98F_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement2019_d0_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_ztxZylbThZef" style="text-align: right"><span style="font-size: 10pt">–</span></td><td style="text-align: left"><span style="font-size: 10pt"> </span></td><td><span style="font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_986_eifrs-full--NumberOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement_iN_di0_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zwduQg3BGBCi" style="text-align: right"><span style="font-size: 10pt">(2,601,010</span></td><td style="text-align: left"><span style="font-size: 10pt">)</span></td><td><span style="font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_98D_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement2019_d0_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zSkg3sUBwkhg" style="text-align: right"><span style="font-size: 10pt">1.01</span></td><td style="text-align: left"><span style="font-size: 10pt"> </span></td><td><span style="font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_98B_ecustom--WarrantLiabilityExpired_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zAISwL6aQrz2" style="text-align: right"><span style="font-size: 10pt">(310,494</span></td><td style="text-align: left"><span style="font-size: 10pt">)</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt"><span style="font-size: 10pt">Fair value adjustment for warrants outstanding</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"><span style="font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_98E_ecustom--NumberOfOtherEquityInstrumentsFairValueAdjustmentForWarrantsOutstanding_d0_uShares_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zoxvpgUDQmYh" style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 10pt">–</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"><span style="font-size: 10pt"> </span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"><span style="font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_988_ecustom--WeightedAverageExercisePriceOfOtherEquityInstrumentsFairValueAdjustmentForWarrantsOutstanding_d0_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zCBh83aaFph6" style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 10pt">–</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"><span style="font-size: 10pt"> </span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"><span style="font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_989_ecustom--NumberOfOtherEquityInstrumentsFairValueAdjustmentForWarrantsOutstanding_d0_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zMDNtyJDbyL2" style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 10pt">–</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"><span style="font-size: 10pt"> </span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"><span style="font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_988_ecustom--WeightedAverageExercisePriceOfOtherEquityInstrumentsFairValueAdjustmentForWarrantsOutstanding_d0_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zPx9SNXKGd4" style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 10pt">–</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"><span style="font-size: 10pt"> </span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"><span style="font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_985_ecustom--WarrantLiabilityFairValueAdjustmentForWarrantsOutstanding_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zGPUpJmr3OU9" style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 10pt">84,154</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"><span style="font-size: 10pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left; padding-bottom: 1pt"><span style="font-size: 10pt">Warrants outstanding, end of period/year</span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"><span style="font-size: 10pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_983_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iE_uShares_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zQzDruULgUr6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 10pt">3,926,930</span></td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"><span style="font-size: 10pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"><span style="font-size: 10pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_98E_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iE_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zx52yk5eelkl" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 10pt">0.99</span></td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"><span style="font-size: 10pt"> </span></td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"><span style="font-size: 10pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_985_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iE_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_z177ZHciVhv" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 10pt">3,926,930</span></td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"><span style="font-size: 10pt"> </span></td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"><span style="font-size: 10pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_984_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iE_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zxSolITybUC7" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 10pt">0.99</span></td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"><span style="font-size: 10pt"> </span></td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"><span style="font-size: 10pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_98E_eifrs-full--WarrantLiability_iE_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zIhXI8RifqUb" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 10pt">1,832,191</span></td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"><span style="font-size: 10pt"> </span></td></tr> </table> <p id="xdx_8A0_znf14y6golKi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.3in"><b>Warrants</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">As at June 30, 2026, the Company had warrants outstanding and exercisable as follows:</p> <table cellpadding="0" cellspacing="0" id="xdx_895_eifrs-full--DisclosureOfNumberAndWeightedAverageRemainingContractualLifeOfOutstandingShareOptionsExplanatory_z2qQ2Ob0kocb" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; 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: left"> <span id="xdx_8B9_zCzCK7rFpb0l" style="display: none">Summary of warrants outstanding and exercisable</span> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td> <td> </td><td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center">Warrants</td><td> </td> <td colspan="2" style="text-align: center">Exercise</td><td> </td> <td> </td><td> </td> <td colspan="3" style="text-align: center">Weighted average</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center">outstanding</td><td> </td> <td colspan="2" style="text-align: center">price</td><td> </td> <td style="text-align: center">Expiry date</td><td> </td> <td colspan="3" style="text-align: center">remaining life</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; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: center"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">(years)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td id="xdx_986_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice1Member_zwi4wYJz4kue" style="width: 22%; text-align: right">48,485</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_988_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice1Member_zByw9nWRKbii" style="width: 18%; text-align: right" title="Exercise price">1.19</td><td style="width: 2%"> </td> <td style="width: 23%; text-align: right"><span id="xdx_902_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice1Member_zYfj9cfhTpAf" title="Expiry date">October 25, 2026</span></td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 18%; text-align: right"><span id="xdx_907_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice1Member_zCIp7YBAZGkf" title="Weighted average remaining life">0.32</span></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_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice2Member_zpKtpHcvpTf6" style="text-align: right">606,061</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice2Member_zqaBxfRJa8Kb" style="text-align: right" title="Exercise price">1.19</td><td> </td> <td style="text-align: right"><span id="xdx_90A_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice2Member_z4uCIyjXh6c1" title="Expiry date">October 25, 2027</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_900_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice2Member_zrht4bmkFdUd" title="Weighted average remaining life">1.32</span></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_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice3Member_zgrhkxoB6Qv7" style="text-align: right">326,263</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice3Member_zvCdLXtZzxOa" style="text-align: right" title="Exercise price">1.19</td><td> </td> <td style="text-align: right"><span id="xdx_90F_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice3Member_zBJzUyUdpFo6" title="Expiry date">December 3, 2027</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice3Member_zoNhVP99SVV4" title="Weighted average remaining life">1.43</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_983_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice4Member_zZmZIZqaLtG4" style="text-align: right">1,601,005</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice4Member_z5BcX88V2JE" style="text-align: right" title="Exercise price">0.89</td><td> </td> <td style="text-align: right"><span id="xdx_907_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice4Member_zYYUyw4z1lsi" title="Expiry date">December 4, 2027</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice4Member_ztyb8qoIrWHl" title="Weighted average remaining life">1.43</span></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_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice5Member_zk2oyz7iFuAg" style="text-align: right">192,320</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice5Member_zIKaioLk2BS7" style="text-align: right" title="Exercise price">0.89</td><td> </td> <td style="text-align: right"><span id="xdx_90A_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice5Member_zVxra5jpBMzi" title="Expiry date">December 4, 2027</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90D_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice5Member_ztcOMLJ1WQc8" title="Weighted average remaining life">1.43</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_98C_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice6Member_z69sMOIH0ezf" style="text-align: right">445,286</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice6Member_zB0uLrBmmxh6" style="text-align: right" title="Exercise price">0.89</td><td> </td> <td style="text-align: right"><span id="xdx_90F_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice6Member_zzsNgslYbeC6" title="Expiry date">December 12, 2027</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90E_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice6Member_zwKs6w3aMEt" title="Weighted average remaining life">1.45</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td id="xdx_98A_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice7Member_z1THZ3F1CPNj" style="text-align: right">364,119</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice7Member_zLh6WY7UF4ee" style="text-align: right" title="Exercise price">0.89</td><td> </td> <td style="text-align: right"><span id="xdx_90D_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice7Member_zlh5J8nPfir3" title="Expiry date">December 18, 2027</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice7Member_zqDaxY9LxoSh" title="Weighted average remaining life">1.47</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_984_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice8Member_z3ByLHttTlL" style="text-align: right">43,290</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice8Member_zRZPzrHo20Y1" style="text-align: right" title="Exercise price">0.89</td><td> </td> <td style="text-align: right"><span id="xdx_907_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice8Member_z8nkCv2QxIr2" title="Expiry date">December 18, 2027</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_907_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice8Member_zx652rGSQdOc" title="Weighted average remaining life">1.47</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td id="xdx_983_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice9Member_zipHFLRvflrb" style="text-align: right">132,323</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice9Member_zYNBgMPd58R7" style="text-align: right" title="Exercise price">1.19</td><td> </td> <td style="text-align: right"><span id="xdx_90A_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice9Member_zvRtt6d7U8ul" title="Expiry date">December 23, 2027</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_901_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice9Member_z9Ze03eGqZUj" title="Weighted average remaining life">1.48</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_98F_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice10Member_zg14EaKZqxQj" style="border-bottom: Black 1pt solid; text-align: right">167,778</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice10Member_z5wg5GyBH5r3" style="border-bottom: Black 1pt solid; text-align: right" title="Exercise price">1.19</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: right; padding-bottom: 1pt"><span id="xdx_901_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice10Member_znepZQLGvyG1" title="Expiry date">June 30, 2028</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </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_903_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice10Member_zo0QG5ZlFnci" title="Weighted average remaining life">2.00</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td id="xdx_98A_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_znkdUp7Q8VBi" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">3,926,930</td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_988_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_z3IfHx7x25Jg" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right" title="Exercise price">0.99</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: right; padding-bottom: 1pt"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span id="xdx_90E_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zBQDyfpJGti3" title="Weighted average remaining life">1.43</span></td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8AC_z1yOaPoGjgr8" style="margin-top: 0; margin-bottom: 0"> </p> 4242429 2310000 10101 6000 46667 21000 175478 86862 1545455 765000 48485 24000 335555 166100 <table cellpadding="0" cellspacing="0" id="xdx_896_ecustom--ScheduleOfStockOptionActivityTextBlock_zr3Bnd34iDIk" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Shareholders' equity and reserves (Details - Stock option activity)"> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td colspan="6" style="font-weight: bold; text-align: left"><span id="xdx_8BB_z1R8UBymbyQ5" style="display: none">Summary of stock option activity</span></td><td style="text-align: center"> </td> <td colspan="7" style="text-align: center"> </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="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Period ended<br/> June 30, 2026</td><td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; text-align: center">Year ended<br/> December 31, 2025</td></tr> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td colspan="2" style="text-align: center">Options</td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center">Weighted <br/> average<br/> exercise price</td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center">Options</td><td style="text-align: center"> </td> <td colspan="3" style="text-align: center">Weighted <br/> average<br/> exercise price</td></tr> <tr style="vertical-align: bottom"> <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; padding-bottom: 1pt; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"> </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; padding-bottom: 1pt; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"> </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; padding-bottom: 1pt; text-align: center"> </td><td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"> </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; padding-bottom: 1pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 44%">Options outstanding, beginning of period/year</td> <td style="width: 2%"> </td> <td id="xdx_980_eifrs-full--NumberOfOutstandingShareOptions_iS_uShares_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zK1XVAbaKKtf" style="width: 11%; text-align: right">806,061</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_984_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iS_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zA1t2PYPUq79" style="width: 11%; text-align: right">0.70</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_98F_eifrs-full--NumberOfOutstandingShareOptions_iS_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zrwLtB5RdFub" style="width: 11%; text-align: right">528,283</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_98D_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iS_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_z4LBdbgZyNI8" style="width: 11%; text-align: right">0.69</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td>Granted</td> <td> </td> <td id="xdx_98E_eifrs-full--NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_uShares_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zTjTGnG9Tk0k" style="text-align: right">454,040</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--WeightedAverageSharePriceShareOptionsGranted2019_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zc3fgIYm4yGi" style="text-align: right">0.54</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_zFcxp9Rtkyh5" 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_zqx8TIgF6aG2" style="text-align: right">0.50</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid">Expired</td> <td style="border-bottom: Black 1pt solid"> </td> <td id="xdx_985_eifrs-full--NumberOfShareOptionsExercisedInSharebasedPaymentArrangement_iN_di_uShares_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zXwRk2aZLo57" style="border-bottom: Black 1pt solid; text-align: right">(252,525</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left">)</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_ecustom--WeightedAverageSharePriceShareOptionsExpired_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zu72LEkEcRke" style="border-bottom: Black 1pt solid; text-align: right">0.83</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </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_zQEDuFIJaTHb" style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </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_zbyZ4QvGVlOb" style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 1.5pt solid"><b>Options outstanding, end of period/year</b></td> <td style="border-bottom: Black 1.5pt solid"> </td> <td id="xdx_984_eifrs-full--NumberOfOutstandingShareOptions_iE_uShares_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zO0D7aDBqEC1" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,007,576</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_980_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iE_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zfMANruhEum3" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">0.58</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_981_eifrs-full--NumberOfOutstandingShareOptions_iE_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zze0ynFZPtkg" style="border-bottom: Black 1.5pt solid; text-align: right">806,061</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_984_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iE_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zV3Pv0h7uR1g" style="border-bottom: Black 1.5pt solid; text-align: right">0.70</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> </table> 806061 0.70 528283 0.69 454040 0.54 277778 0.50 252525 0.83 -0 0 1007576 0.58 806061 0.70 <table cellpadding="0" cellspacing="0" id="xdx_897_ecustom--DisclosureOfDetailedInformationAboutStockOptionsOutstandingAndExercisableExplanatory_zAcZlvHgzLN1" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 70%; margin-left: 0.3in" summary="xdx: Disclosure - Shareholders' equity and reserves (Details - Stock options outstanding and exercisable)"> <tr style="vertical-align: bottom"> <td style="text-align: left"><span id="xdx_8B1_znzkcRGaynn4" style="display: none">Summary of stock options outstanding and exercisable</span></td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td> </td><td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center">Options</td><td> </td> <td colspan="3" style="text-align: center">Options</td><td> </td> <td colspan="3" style="text-align: center">Exercise</td><td> </td> <td> </td><td> </td> <td colspan="3" style="text-align: center">Weighted average</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center">outstanding</td><td> </td> <td colspan="3" style="text-align: center">exercisable</td><td> </td> <td colspan="3" style="text-align: center">price</td><td> </td> <td style="text-align: center">Expiry date</td><td> </td> <td colspan="3" style="text-align: center">remaining life</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; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">#</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: center"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">(years)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td id="xdx_984_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice11Member_ztxBRncQZpWf" style="width: 11%; text-align: right" title="Options outstanding">25,253</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice11Member_zvkuCOt8bVf7" style="width: 11%; 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_985_eifrs-full--WeightedAverageSharePrice2019_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice11Member_zXf3h0SntqXa" style="width: 11%; 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: 12%; text-align: right"><span id="xdx_900_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice11Member_z7E30r68el6d" title="Expiry date">January 16, 2028</span></td><td style="width: 1%"> </td> <td style="width: 2%; text-align: left"> </td><td style="width: 11%; text-align: right"><span id="xdx_908_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice11Member_zA6pXIPTTyZg" title="Weighted average remaining life">1.55</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_986_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice12Member_zcdCL0k80I6" style="text-align: right">73,737</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice12Member_zbeeGCrr8rac" style="text-align: right">73,737</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--WeightedAverageSharePrice2019_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice12Member_z6juM977ut1l" 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_902_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice12Member_zp3b1onNvimk" title="Expiry date">August 24, 2032</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_907_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice12Member_zwib4MjaEEhe" title="Weighted average remaining life">6.16</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td id="xdx_984_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice13Member_zWFduqXDACde" style="text-align: right">176,768</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice13Member_z1pD2xKstXxf" style="text-align: right">176,768</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--WeightedAverageSharePrice2019_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice13Member_z8VcvBAMUG1f" style="text-align: right" title="Weighted average exercise price">0.79</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"><span id="xdx_901_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice13Member_zajRM1zP8RV3" title="Expiry date">October 12, 2032</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90D_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice13Member_zaAJ3KgJbe3d" title="Weighted average remaining life">6.29</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_983_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice14Member_zyanA3Jwbw3k" style="text-align: right">277,778</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice14Member_zJpVavxh7ZN" style="text-align: right">277,778</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--WeightedAverageSharePrice2019_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice14Member_z90ZUAGoJZI2" style="text-align: right" title="Weighted average exercise price">0.50</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right"><span id="xdx_908_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice14Member_z0e0xRejNng6" title="Expiry date">June 12, 2035</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_902_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice14Member_z76bHeLj5sB6" title="Weighted average remaining life">8.96</span></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--NumberOfOutstandingShareOptions_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice15Member_zRLfrGyR4hGj" style="text-align: right">204,040</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice15Member_zxt7ZdWGg0E3" style="text-align: right">204,040</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--WeightedAverageSharePrice2019_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice15Member_zSyO1mt2yGFk" 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_906_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice15Member_zUMQfgBA6JKi" title="Expiry date">March 19, 2036</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_900_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice15Member_zu4hY28D8dq8" title="Weighted average remaining life">9.73</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_987_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice16Member_z1NhaWkCDWC2" style="border-bottom: Black 1pt solid; text-align: right">250,000</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice16Member_ztRCoUpDPhUf" style="border-bottom: Black 1pt solid; text-align: right">250,000</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eifrs-full--WeightedAverageSharePrice2019_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice16Member_zNAcZUPhR9vh" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average exercise price">0.49</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: right; padding-bottom: 1pt"><span id="xdx_906_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice16Member_zP83C9HzDbI7" title="Expiry date">April 16, 2036</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </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_90B_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice16Member_zGabJvTVxd58" title="Weighted average remaining life">9.80</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td id="xdx_983_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zAaM77mBViel" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right" title="Options outstanding">1,007,576</td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_985_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zSyvIZVyfdGl" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,007,576</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_986_eifrs-full--WeightedAverageSharePrice2019_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_zd4f4dhYFEz9" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right" title="Weighted average exercise price">0.58</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: right; padding-bottom: 1pt"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span id="xdx_903_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionsMember_z8eATQBKl5F6" title="Weighted average remaining life">8.33</span></td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> 25253 25253 0.69 2028-01-16 P1Y6M18D 73737 73737 0.59 2032-08-24 P6Y1M28D 176768 176768 0.79 2032-10-12 P6Y3M14D 277778 277778 0.50 2035-06-12 P8Y11M15D 204040 204040 0.59 2036-03-19 P9Y8M23D 250000 250000 0.49 2036-04-16 P9Y9M18D 1007576 1007576 0.58 P8Y3M29D 222115 125827 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%. Using the above assumptions, the fair value of options granted was approximately $0.49 per option, for an aggregate total of $100,936. 250000 0.49 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%. Using the above assumptions, the fair value of options granted was approximately $0.45 per option, for an aggregate total of $121,179. 277778 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 was approximately $0.45 per option, for an aggregate total of $125,827. <table cellpadding="0" cellspacing="0" id="xdx_898_eifrs-full--DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory_zVM3KvD0vfoj" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-left: 0.3in" summary="xdx: Disclosure - Shareholders' equity and reserves (Details - Changes in warrants)"> <tr style="vertical-align: bottom"> <td><span style="font-size: 8pt"><span id="xdx_8BA_z64VDC1wUyh9" style="display: none">Summary of changes in warrants</span></span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td colspan="7" style="font-weight: bold; text-align: center"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="7" style="text-align: center"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="3"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-size: 8pt">Period ended<br/> June 30, 2026</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td colspan="7" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">Year ended<br/> December 31, 2025</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center"><span style="font-size: 8pt"> </span></td> <td style="text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center"><span style="font-size: 8pt">Warrants</span></td><td style="text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center"><span style="font-size: 8pt"> </span></td> <td style="text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center"><span style="font-size: 8pt">Weighted <br/> average<br/> exercise price</span></td><td style="text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center"><span style="font-size: 8pt"> </span></td> <td style="text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center"><span style="font-size: 8pt">Warrants</span></td><td style="text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center"><span style="font-size: 8pt"> </span></td> <td style="text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center"><span style="font-size: 8pt">Weighted <br/> average<br/> exercise price</span></td><td style="text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center"><span style="font-size: 8pt"> </span></td> <td style="text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center"><span style="font-size: 8pt">Warrant<br/> liability</span></td><td style="text-align: center"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">#</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">$</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">#</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">$</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">$</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: center"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 25%; text-align: left"><span style="font-size: 10pt">Warrants outstanding, beginning of period/year</span></td><td style="width: 2%"><span style="font-size: 10pt"> </span></td> <td style="width: 1%; text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_987_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iS_uShares_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_z6VscGow9DO4" style="width: 9%; text-align: right"><span style="font-size: 10pt">3,926,930</span></td><td style="width: 1%; text-align: left"><span style="font-size: 10pt"> </span></td><td style="width: 2%"><span style="font-size: 10pt"> </span></td> <td style="width: 1%; text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_986_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iS_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_z83CoYr22xJc" style="width: 9%; text-align: right"><span style="font-size: 10pt">0.99</span></td><td style="width: 1%; text-align: left"><span style="font-size: 10pt"> </span></td><td style="width: 2%"><span style="font-size: 10pt"> </span></td> <td style="width: 1%; text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_98A_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iS_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_znvC2KCpnrZd" style="width: 9%; text-align: right"><span style="font-size: 10pt">3,665,657</span></td><td style="width: 1%; text-align: left"><span style="font-size: 10pt"> </span></td><td style="width: 2%"><span style="font-size: 10pt"> </span></td> <td style="width: 1%; text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_98C_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iS_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_znBIpRGuTDJ1" style="width: 9%; text-align: right"><span style="font-size: 10pt">1.06</span></td><td style="width: 1%; text-align: left"><span style="font-size: 10pt"> </span></td><td style="width: 2%"><span style="font-size: 10pt"> </span></td> <td style="width: 1%; text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_982_eifrs-full--WarrantLiability_iS_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zNbBfPVXfFpc" style="width: 9%; text-align: right"><span style="font-size: 10pt">857,250</span></td><td style="width: 1%; text-align: left"><span style="font-size: 10pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font-size: 10pt">Issued - unit offerings</span></td><td><span style="font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_988_eifrs-full--NumberOfInstrumentsOtherEquityInstrumentsGranted_d0_uShares_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zBY86KWVwS03" style="text-align: right"><span style="font-size: 10pt">–</span></td><td style="text-align: left"><span style="font-size: 10pt"> </span></td><td><span style="font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_980_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019_d0_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zUq0P22wP8R9" style="text-align: right"><span style="font-size: 10pt">–</span></td><td style="text-align: left"><span style="font-size: 10pt"> </span></td><td><span style="font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_985_eifrs-full--NumberOfInstrumentsOtherEquityInstrumentsGranted_d0_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zZ3nLiuChQv3" style="text-align: right"><span style="font-size: 10pt">2,578,188</span></td><td style="text-align: left"><span style="font-size: 10pt"> </span></td><td><span style="font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_98F_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019_d0_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_z3i4iGM0hZx" style="text-align: right"><span style="font-size: 10pt">0.91</span></td><td style="text-align: left"><span style="font-size: 10pt"> </span></td><td><span style="font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_980_ecustom--WarrantLiabilityIssuedUnitOfferings_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zk2SsDAVTKgg" style="text-align: right"><span style="font-size: 10pt">1,201,281</span></td><td style="text-align: left"><span style="font-size: 10pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left"><span style="font-size: 10pt">Issued - finders' warrants</span></td><td><span style="font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_983_ecustom--NumberOfInstrumentsOtherEquityInstrumentsIssued_d0_uShares_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zC39a0fnEmq8" style="text-align: right"><span style="font-size: 10pt">–</span></td><td style="text-align: left"><span style="font-size: 10pt"> </span></td><td><span style="font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_98B_ecustom--WeightedAverageExercisePriceOfOtherEquityInstrumentsIssuedInSharebasedPaymentArrangement2019_d0_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zkhTfZf223if" style="text-align: right"><span style="font-size: 10pt">–</span></td><td style="text-align: left"><span style="font-size: 10pt"> </span></td><td><span style="font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_982_ecustom--NumberOfInstrumentsOtherEquityInstrumentsIssued_d0_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zKbfNSdK6GK7" style="text-align: right"><span style="font-size: 10pt">284,095</span></td><td style="text-align: left"><span style="font-size: 10pt"> </span></td><td><span style="font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_981_ecustom--WeightedAverageExercisePriceOfOtherEquityInstrumentsIssuedInSharebasedPaymentArrangement2019_d0_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zZ2ixft7KR25" style="text-align: right"><span style="font-size: 10pt">0.94</span></td><td style="text-align: left"><span style="font-size: 10pt"> </span></td><td><span style="font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_985_ecustom--WarrantLiabilityIssuedFindersWarrants_d0_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zO7BSpLid6Cd" style="text-align: right"><span style="font-size: 10pt">–</span></td><td style="text-align: left"><span style="font-size: 10pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span style="font-size: 10pt">Expired</span></td><td><span style="font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_98A_eifrs-full--NumberOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement_iN_di0_uShares_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zMLQYlxucWMj" style="text-align: right"><span style="font-size: 10pt">–</span></td><td style="text-align: left"><span style="font-size: 10pt"> </span></td><td><span style="font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_98F_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement2019_d0_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_ztxZylbThZef" style="text-align: right"><span style="font-size: 10pt">–</span></td><td style="text-align: left"><span style="font-size: 10pt"> </span></td><td><span style="font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_986_eifrs-full--NumberOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement_iN_di0_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zwduQg3BGBCi" style="text-align: right"><span style="font-size: 10pt">(2,601,010</span></td><td style="text-align: left"><span style="font-size: 10pt">)</span></td><td><span style="font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_98D_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement2019_d0_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zSkg3sUBwkhg" style="text-align: right"><span style="font-size: 10pt">1.01</span></td><td style="text-align: left"><span style="font-size: 10pt"> </span></td><td><span style="font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_98B_ecustom--WarrantLiabilityExpired_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zAISwL6aQrz2" style="text-align: right"><span style="font-size: 10pt">(310,494</span></td><td style="text-align: left"><span style="font-size: 10pt">)</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt"><span style="font-size: 10pt">Fair value adjustment for warrants outstanding</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"><span style="font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_98E_ecustom--NumberOfOtherEquityInstrumentsFairValueAdjustmentForWarrantsOutstanding_d0_uShares_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zoxvpgUDQmYh" style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 10pt">–</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"><span style="font-size: 10pt"> </span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"><span style="font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_988_ecustom--WeightedAverageExercisePriceOfOtherEquityInstrumentsFairValueAdjustmentForWarrantsOutstanding_d0_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zCBh83aaFph6" style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 10pt">–</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"><span style="font-size: 10pt"> </span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"><span style="font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_989_ecustom--NumberOfOtherEquityInstrumentsFairValueAdjustmentForWarrantsOutstanding_d0_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zMDNtyJDbyL2" style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 10pt">–</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"><span style="font-size: 10pt"> </span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"><span style="font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_988_ecustom--WeightedAverageExercisePriceOfOtherEquityInstrumentsFairValueAdjustmentForWarrantsOutstanding_d0_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zPx9SNXKGd4" style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 10pt">–</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"><span style="font-size: 10pt"> </span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"><span style="font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_985_ecustom--WarrantLiabilityFairValueAdjustmentForWarrantsOutstanding_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zGPUpJmr3OU9" style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 10pt">84,154</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"><span style="font-size: 10pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left; padding-bottom: 1pt"><span style="font-size: 10pt">Warrants outstanding, end of period/year</span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"><span style="font-size: 10pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_983_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iE_uShares_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zQzDruULgUr6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 10pt">3,926,930</span></td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"><span style="font-size: 10pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"><span style="font-size: 10pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_98E_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iE_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zx52yk5eelkl" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 10pt">0.99</span></td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"><span style="font-size: 10pt"> </span></td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"><span style="font-size: 10pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_985_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iE_uShares_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_z177ZHciVhv" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 10pt">3,926,930</span></td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"><span style="font-size: 10pt"> </span></td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"><span style="font-size: 10pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_984_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iE_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zxSolITybUC7" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 10pt">0.99</span></td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"><span style="font-size: 10pt"> </span></td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"><span style="font-size: 10pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_98E_eifrs-full--WarrantLiability_iE_c20250101__20251231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zIhXI8RifqUb" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 10pt">1,832,191</span></td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"><span style="font-size: 10pt"> </span></td></tr> </table> 3926930 0.99 3665657 1.06 857250 0 0 2578188 0.91 1201281 0 0 284095 0.94 0 -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_895_eifrs-full--DisclosureOfNumberAndWeightedAverageRemainingContractualLifeOfOutstandingShareOptionsExplanatory_z2qQ2Ob0kocb" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; 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: left"> <span id="xdx_8B9_zCzCK7rFpb0l" style="display: none">Summary of warrants outstanding and exercisable</span> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td> <td> </td><td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center">Warrants</td><td> </td> <td colspan="2" style="text-align: center">Exercise</td><td> </td> <td> </td><td> </td> <td colspan="3" style="text-align: center">Weighted average</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center">outstanding</td><td> </td> <td colspan="2" style="text-align: center">price</td><td> </td> <td style="text-align: center">Expiry date</td><td> </td> <td colspan="3" style="text-align: center">remaining life</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; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">$</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: center"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">(years)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td id="xdx_986_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice1Member_zwi4wYJz4kue" style="width: 22%; text-align: right">48,485</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_988_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice1Member_zByw9nWRKbii" style="width: 18%; text-align: right" title="Exercise price">1.19</td><td style="width: 2%"> </td> <td style="width: 23%; text-align: right"><span id="xdx_902_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice1Member_zYfj9cfhTpAf" title="Expiry date">October 25, 2026</span></td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 18%; text-align: right"><span id="xdx_907_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice1Member_zCIp7YBAZGkf" title="Weighted average remaining life">0.32</span></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_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice2Member_zpKtpHcvpTf6" style="text-align: right">606,061</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice2Member_zqaBxfRJa8Kb" style="text-align: right" title="Exercise price">1.19</td><td> </td> <td style="text-align: right"><span id="xdx_90A_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice2Member_z4uCIyjXh6c1" title="Expiry date">October 25, 2027</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_900_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice2Member_zrht4bmkFdUd" title="Weighted average remaining life">1.32</span></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_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice3Member_zgrhkxoB6Qv7" style="text-align: right">326,263</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice3Member_zvCdLXtZzxOa" style="text-align: right" title="Exercise price">1.19</td><td> </td> <td style="text-align: right"><span id="xdx_90F_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice3Member_zBJzUyUdpFo6" title="Expiry date">December 3, 2027</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice3Member_zoNhVP99SVV4" title="Weighted average remaining life">1.43</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_983_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice4Member_zZmZIZqaLtG4" style="text-align: right">1,601,005</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice4Member_z5BcX88V2JE" style="text-align: right" title="Exercise price">0.89</td><td> </td> <td style="text-align: right"><span id="xdx_907_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice4Member_zYYUyw4z1lsi" title="Expiry date">December 4, 2027</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice4Member_ztyb8qoIrWHl" title="Weighted average remaining life">1.43</span></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_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice5Member_zk2oyz7iFuAg" style="text-align: right">192,320</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice5Member_zIKaioLk2BS7" style="text-align: right" title="Exercise price">0.89</td><td> </td> <td style="text-align: right"><span id="xdx_90A_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice5Member_zVxra5jpBMzi" title="Expiry date">December 4, 2027</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90D_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice5Member_ztcOMLJ1WQc8" title="Weighted average remaining life">1.43</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_98C_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice6Member_z69sMOIH0ezf" style="text-align: right">445,286</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice6Member_zB0uLrBmmxh6" style="text-align: right" title="Exercise price">0.89</td><td> </td> <td style="text-align: right"><span id="xdx_90F_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice6Member_zzsNgslYbeC6" title="Expiry date">December 12, 2027</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90E_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice6Member_zwKs6w3aMEt" title="Weighted average remaining life">1.45</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td id="xdx_98A_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice7Member_z1THZ3F1CPNj" style="text-align: right">364,119</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice7Member_zLh6WY7UF4ee" style="text-align: right" title="Exercise price">0.89</td><td> </td> <td style="text-align: right"><span id="xdx_90D_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice7Member_zlh5J8nPfir3" title="Expiry date">December 18, 2027</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice7Member_zqDaxY9LxoSh" title="Weighted average remaining life">1.47</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_984_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice8Member_z3ByLHttTlL" style="text-align: right">43,290</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice8Member_zRZPzrHo20Y1" style="text-align: right" title="Exercise price">0.89</td><td> </td> <td style="text-align: right"><span id="xdx_907_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice8Member_z8nkCv2QxIr2" title="Expiry date">December 18, 2027</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_907_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice8Member_zx652rGSQdOc" title="Weighted average remaining life">1.47</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td id="xdx_983_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice9Member_zipHFLRvflrb" style="text-align: right">132,323</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice9Member_zYNBgMPd58R7" style="text-align: right" title="Exercise price">1.19</td><td> </td> <td style="text-align: right"><span id="xdx_90A_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice9Member_zvRtt6d7U8ul" title="Expiry date">December 23, 2027</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_901_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice9Member_z9Ze03eGqZUj" title="Weighted average remaining life">1.48</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_98F_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice10Member_zg14EaKZqxQj" style="border-bottom: Black 1pt solid; text-align: right">167,778</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice10Member_z5wg5GyBH5r3" style="border-bottom: Black 1pt solid; text-align: right" title="Exercise price">1.19</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: right; padding-bottom: 1pt"><span id="xdx_901_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardsExpirationDate_dd_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice10Member_znepZQLGvyG1" title="Expiry date">June 30, 2028</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </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_903_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember__ifrs-full--RangesOfExercisePricesForOutstandingShareOptionsAxis__custom--ExercisePrice10Member_zo0QG5ZlFnci" title="Weighted average remaining life">2.00</span></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td id="xdx_98A_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_znkdUp7Q8VBi" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">3,926,930</td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_988_eifrs-full--WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_iI_c20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_z3IfHx7x25Jg" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right" title="Exercise price">0.99</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: right; padding-bottom: 1pt"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span id="xdx_90E_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20260101__20260630__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__ifrs-full--WarrantsMember_zBQDyfpJGti3" title="Weighted average remaining life">1.43</span></td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> 48485 1.19 2026-10-25 P0Y3M25D 606061 1.19 2027-10-25 P1Y3M25D 326263 1.19 2027-12-03 P1Y5M4D 1601005 0.89 2027-12-04 P1Y5M4D 192320 0.89 2027-12-04 P1Y5M4D 445286 0.89 2027-12-12 P1Y5M12D 364119 0.89 2027-12-18 P1Y5M19D 43290 0.89 2027-12-18 P1Y5M19D 132323 1.19 2027-12-23 P1Y5M23D 167778 1.19 2028-06-30 P2Y 3926930 0.99 P1Y5M4D <p id="xdx_804_eifrs-full--DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory_zbMVMGQBahyk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><br/> </p> <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: 4.5pt"></td><td style="width: 18pt"><b>5.</b></td><td id="xdx_82B_zbfxWnUz4NMd" style="text-align: justify"><b>Commitments </b></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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 $<span id="xdx_90B_eifrs-full--CapitalCommitments_iI_c20260630__ifrs-full--ClassesOfContingentLiabilitiesAxis__custom--LairdLakeClaimsMember_zV8JZUCVf5O6" title="Annual work commitment">74,800</span> per annum on the Laird Lake claims. Assessment work has been completed to maintain these claims until January 2027.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">Under the terms of the option agreement relating to the Laird Lake property, the Company is required to make a cash payment of $50,000 on August 19, 2026 to maintain its rights under the agreement. Following a strategic review of its exploration portfolio, the Company has elected to allow the Oneman Lake claims to lapse and intends to continue advancing the Laird Lake project.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">As at June 30, 2026, the Company had approximately $<span id="xdx_90B_ecustom--CommitmentOnExpenditure_iI_c20260630_zhrnSjBi8Plk" title="Expenditure commitments">795,000</span> unspent flow-through expenditure commitments, which are required to be incurred by December 31, 2026.</p> 74800 795000 <p id="xdx_800_eifrs-full--DisclosureOfRelatedPartyExplanatory_z0MJOXa6fAU2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <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: 4.5pt"></td><td style="width: 18pt"><b>6.</b></td><td id="xdx_827_zbSDJsdOztJb" style="text-align: justify"><b>Related party payables and transactions</b></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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 six months ended June 30, 2026 and June 30, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">During the six months ended June 30, 2026, <span id="xdx_904_eifrs-full--NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_uShares_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--DirectorsMember_z3XSdgon0v34" title="Options granted">204,040</span> stock options were granted to directors of the Company to which $<span id="xdx_90C_ecustom--SharebasedCompensationExpense_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--DirectorsMember_zRYtEgkO9mqg" title="Share-based compensation expense">100,936</span> was recognized as share-based payments expense during the period then ended.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">Additionally, during the six months ended June, 30, 2026, the Company granted <span id="xdx_900_eifrs-full--NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_uShares_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ConsultantMember_zowUjye5MeWd" title="Options granted">25,000</span> stock options to a related party consultant of which $<span id="xdx_90A_ecustom--SharebasedCompensationExpense_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ConsultantMember_zXJFPzey5eYi" title="Share-based compensation expense">12,118</span> was recognized as share-based payments expense during the period then ended.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">During the six months ended June 30, 2025, 202,020 options were granted to officers and directors of the Company to which $91,510 was recognized as share-based payments expense during the period then ended.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">The Company transacted with the following related parties:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <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: 49.5pt"></td><td style="width: 18pt"><b>(a)</b></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 ($19,000 per month effective May 1, 2026, amended from $12,000 per month). In the event of a change of control 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.</td></tr> <tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="width: 49.5pt"></td><td style="width: 18pt"><b>(b)</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 ($19,000 per month effective May 1, 2026, amended from $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 style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="width: 49.5pt"></td><td style="width: 18pt"><b>(c)</b></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 of US$5,350 per month. In the event of a change of control, Mr. Minnick will be entitled to a cash payment of two times the annual services fee.</td></tr> <tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="width: 49.5pt"></td><td style="width: 18pt"><b>(d)</b></td><td style="text-align: justify">On May 21, 2026, the Board of Directors of the Company approved the annual salary for directors of $20,000 to John Power and $10,000 to David Goodman, Brian Power and John Hiner</td></tr> <tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="width: 49.5pt"></td><td style="width: 18pt"><b>(e)</b></td><td style="text-align: justify">John Power entered into a consulting agreement effective January 1, 2026 for a quarterly payment of US$3,625. John Power was the former CEO of the Company from September 1, 2021 until March 27, 2025, (previously charging US$2,500 per month). Fees charged by both parties are recognized within general and administrative expenses.</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">The transactions and outstanding balances with related parties are as follows:</p> <table cellpadding="0" cellspacing="0" id="xdx_896_ecustom--SmmaryOfRelatedPartyPayablesAndTransactionTableTextBlock_zBOdz4MUOncg" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-left: 0.3in" summary="xdx: Disclosure - Related party payables and transaction - (Details)"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td> <td id="xdx_8BA_zsYHGSgoJmS7" style="display: none">Summary of related party transaction</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: center"> </td> <td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Transactions <br/> six months ended<br/> June 30, <br/> 2026<br/> $</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Transactions <br/> six months ended<br/> June 30, <br/> 2025<br/> $</td><td style="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Balances <br/> outstanding <br/> June 30, <br/> 2026<br/> $</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Balances <br/> outstanding <br/> December 31, <br/> 2025<br/> $</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 4%; text-align: center"> </td> <td style="width: 32%">Brie</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_ecustom--ProceedFromFeesReceived_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrieMember_zvNhSUY2rEC3" style="width: 12%; text-align: right" title="Related party transaction amount">48,000</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_984_ecustom--ProceedFromFeesReceived_d0_c20250101__20250630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrieMember_zX7zMI0rPjl5" style="width: 12%; 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_98B_eifrs-full--DirectorsRemunerationExpense_d0_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrieMember_z97jl1Qu2e2g" style="width: 12%; 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_984_eifrs-full--DirectorsRemunerationExpense_d0_c20250101__20250630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrieMember_zvHQ2AxZHMLk" style="width: 12%; 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: center"> </td> <td style="text-align: left">John Power</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--ProceedFromFeesReceived_d0_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JohnPowerMember_z0lvqSzSM7zi" style="text-align: right">30,147</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--ProceedFromFeesReceived_c20250101__20250630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JohnPowerMember_zJjNA5KkeqEh" style="text-align: right">15,174</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--DirectorsRemunerationExpense_d0_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JohnPowerMember_zZtXV68Xm42c" style="text-align: right">5,147</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eifrs-full--DirectorsRemunerationExpense_c20250101__20250630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JohnPowerMember_zPxhZ2ptfpoh" 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: center"> </td> <td style="text-align: left">David Goodman</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--ProceedFromFeesReceived_d0_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--DavidGoodmanMember_z8pDOtDEHkUj" style="text-align: right">10,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_ecustom--ProceedFromFeesReceived_d0_c20250101__20250630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--DavidGoodmanMember_zQRusxdjBkB" style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--DirectorsRemunerationExpense_d0_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--DavidGoodmanMember_zeOuyTB4Yvd" style="text-align: right">10,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--DirectorsRemunerationExpense_d0_c20250101__20250630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--DavidGoodmanMember_zWrYtgNZmSBl" style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: center"> </td> <td style="text-align: left">John Hiner</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_ecustom--ProceedFromFeesReceived_d0_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JohnHinerMember_zysW1PYMK4ob" style="text-align: right">10,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--ProceedFromFeesReceived_d0_c20250101__20250630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JohnHinerMember_zvPtW7bStCaj" style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--DirectorsRemunerationExpense_d0_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JohnHinerMember_zN7684irlzp3" style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--DirectorsRemunerationExpense_d0_c20250101__20250630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JohnHinerMember_z3qrImFtpoVe" style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: center"> </td> <td style="text-align: left">Brian Power</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--ProceedFromFeesReceived_d0_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrianPowerMember_zoLnqTsgiOQb" style="text-align: right">10,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--ProceedFromFeesReceived_d0_c20250101__20250630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrianPowerMember_zyKEszb3rdo2" 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__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrianPowerMember_zRVO7AKqgfxk" style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--DirectorsRemunerationExpense_d0_c20250101__20250630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrianPowerMember_zTszKeiTfL21" style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: center">(1)</td> <td>Nemo</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--ProceedFromFeesReceived_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NemoMember_fKDEp_zUaYg32S2cSh" style="text-align: right">67,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--ProceedFromFeesReceived_d0_c20250101__20250630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NemoMember_fKDEp_zDWvVKuSFvh7" 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_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NemoMember_fKDEp_zLrAYxhfI3b2" style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--DirectorsRemunerationExpense_d0_c20250101__20250630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NemoMember_fKDEp_zUjilPpWMtK4" style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-bottom: 1pt; text-align: center"> </td> <td style="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt">Ty Minnick</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98B_ecustom--ProceedFromFeesReceived_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TyMinnickMember_z8wtijGiVzAl" style="border-bottom: Black 1pt solid; text-align: right">48,476</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_ecustom--ProceedFromFeesReceived_c20250101__20250630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TyMinnickMember_zjKFAfFPqBxj" style="border-bottom: Black 1pt solid; text-align: right">34,502</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_eifrs-full--DirectorsRemunerationExpense_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TyMinnickMember_zjKyoZSDHpj2" style="border-bottom: Black 1pt solid; text-align: right">7,416</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_eifrs-full--DirectorsRemunerationExpense_d0_c20250101__20250630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TyMinnickMember_zmo5sDTqswnl" style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; text-align: center"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; padding-bottom: 1pt"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_981_ecustom--ProceedFromFeesReceived_c20260101__20260630_z2ISnIs6TwMl" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">223,623</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_984_ecustom--ProceedFromFeesReceived_c20250101__20250630_z93v5BQ2qSXh" style="border-bottom: Black 1.5pt solid; text-align: right" title="Related party transaction amount">49,676</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_987_eifrs-full--DirectorsRemunerationExpense_c20260101__20260630_zDKtYqz9u5Wb" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right" title="Related party transaction outstanding">22,563</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98B_eifrs-full--DirectorsRemunerationExpense_c20250101__20250630_zNHtMFFHyDze" style="border-bottom: Black 1.5pt solid; text-align: right" title="Related party transaction outstanding">8,325</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p style="margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 90%; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3in"> <tr style="vertical-align: top"> <td id="xdx_F04_zJirc8WfkhO7" style="text-align: center; width: 4%">(1)</td> <td id="xdx_F1A_zxkrNhFadxf2" style="text-align: left; width: 86%">Includes geological services of $60,300 (2025 - $nil) for six months ended June 30, 2026</td></tr> </table> <p id="xdx_8A1_zvru1tyoNURh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">Balances outstanding with related parties are included within accounts payable and accrued liabilities.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><i>Note payable</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">On June 7, 2024, the Company executed a promissory note with John Power, for US$<span id="xdx_90E_eifrs-full--LoansAndAdvances_iI_uUSD_c20240607__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JohnPowerMember_zUavkxIcvcSj" title="Long term notes">100,000</span> bearing interest at <span id="xdx_906_eifrs-full--BorrowingsInterestRate_iI_pip0_dp_c20240607__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JohnPowerMember_zqYeCzq9Yca4" title="Interest rate">6</span>% per annum and maturing on <span id="xdx_90D_ecustom--DebtInstrumentsMaturityDate_dd_c20240606__20240607__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JohnPowerMember_zEAvuv0L3Ahl" title="Debt maturity date">January 2, 2026</span>. The promissory note was repaid in December 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><i>Common shares issued in private placements</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">As part of the private placement of units on June 30, 2025, Brie purchased <span id="xdx_90B_eifrs-full--NumberOfSharesIssuedAndFullyPaid_iI_c20250630__ifrs-full--CounterpartiesAxis__custom--BrieMember__ifrs-full--ClassesOfShareCapitalAxis__custom--UnitsMember_zWhm1ledJtK5" title="Number of shares issued">145,455</span> units in the offering.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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_zLUjl46CDAek" title="Number of shares issued">8,417</span> units in the offering.</p> 204040 100936 25000 12118 <table cellpadding="0" cellspacing="0" id="xdx_896_ecustom--SmmaryOfRelatedPartyPayablesAndTransactionTableTextBlock_zBOdz4MUOncg" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-left: 0.3in" summary="xdx: Disclosure - Related party payables and transaction - (Details)"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td> <td id="xdx_8BA_zsYHGSgoJmS7" style="display: none">Summary of related party transaction</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: center"> </td> <td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Transactions <br/> six months ended<br/> June 30, <br/> 2026<br/> $</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Transactions <br/> six months ended<br/> June 30, <br/> 2025<br/> $</td><td style="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Balances <br/> outstanding <br/> June 30, <br/> 2026<br/> $</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Balances <br/> outstanding <br/> December 31, <br/> 2025<br/> $</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 4%; text-align: center"> </td> <td style="width: 32%">Brie</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_ecustom--ProceedFromFeesReceived_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrieMember_zvNhSUY2rEC3" style="width: 12%; text-align: right" title="Related party transaction amount">48,000</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_984_ecustom--ProceedFromFeesReceived_d0_c20250101__20250630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrieMember_zX7zMI0rPjl5" style="width: 12%; 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_98B_eifrs-full--DirectorsRemunerationExpense_d0_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrieMember_z97jl1Qu2e2g" style="width: 12%; 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_984_eifrs-full--DirectorsRemunerationExpense_d0_c20250101__20250630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrieMember_zvHQ2AxZHMLk" style="width: 12%; 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: center"> </td> <td style="text-align: left">John Power</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--ProceedFromFeesReceived_d0_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JohnPowerMember_z0lvqSzSM7zi" style="text-align: right">30,147</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--ProceedFromFeesReceived_c20250101__20250630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JohnPowerMember_zJjNA5KkeqEh" style="text-align: right">15,174</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--DirectorsRemunerationExpense_d0_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JohnPowerMember_zZtXV68Xm42c" style="text-align: right">5,147</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eifrs-full--DirectorsRemunerationExpense_c20250101__20250630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JohnPowerMember_zPxhZ2ptfpoh" 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: center"> </td> <td style="text-align: left">David Goodman</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--ProceedFromFeesReceived_d0_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--DavidGoodmanMember_z8pDOtDEHkUj" style="text-align: right">10,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_ecustom--ProceedFromFeesReceived_d0_c20250101__20250630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--DavidGoodmanMember_zQRusxdjBkB" style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--DirectorsRemunerationExpense_d0_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--DavidGoodmanMember_zeOuyTB4Yvd" style="text-align: right">10,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--DirectorsRemunerationExpense_d0_c20250101__20250630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--DavidGoodmanMember_zWrYtgNZmSBl" style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: center"> </td> <td style="text-align: left">John Hiner</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_ecustom--ProceedFromFeesReceived_d0_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JohnHinerMember_zysW1PYMK4ob" style="text-align: right">10,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--ProceedFromFeesReceived_d0_c20250101__20250630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JohnHinerMember_zvPtW7bStCaj" style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--DirectorsRemunerationExpense_d0_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JohnHinerMember_zN7684irlzp3" style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--DirectorsRemunerationExpense_d0_c20250101__20250630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--JohnHinerMember_z3qrImFtpoVe" style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: center"> </td> <td style="text-align: left">Brian Power</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--ProceedFromFeesReceived_d0_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrianPowerMember_zoLnqTsgiOQb" style="text-align: right">10,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--ProceedFromFeesReceived_d0_c20250101__20250630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrianPowerMember_zyKEszb3rdo2" 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__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrianPowerMember_zRVO7AKqgfxk" style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--DirectorsRemunerationExpense_d0_c20250101__20250630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--BrianPowerMember_zTszKeiTfL21" style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: center">(1)</td> <td>Nemo</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--ProceedFromFeesReceived_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NemoMember_fKDEp_zUaYg32S2cSh" style="text-align: right">67,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--ProceedFromFeesReceived_d0_c20250101__20250630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NemoMember_fKDEp_zDWvVKuSFvh7" 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_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NemoMember_fKDEp_zLrAYxhfI3b2" style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--DirectorsRemunerationExpense_d0_c20250101__20250630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NemoMember_fKDEp_zUjilPpWMtK4" style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-bottom: 1pt; text-align: center"> </td> <td style="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt">Ty Minnick</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98B_ecustom--ProceedFromFeesReceived_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TyMinnickMember_z8wtijGiVzAl" style="border-bottom: Black 1pt solid; text-align: right">48,476</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_ecustom--ProceedFromFeesReceived_c20250101__20250630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TyMinnickMember_zjKFAfFPqBxj" style="border-bottom: Black 1pt solid; text-align: right">34,502</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_eifrs-full--DirectorsRemunerationExpense_c20260101__20260630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TyMinnickMember_zjKyoZSDHpj2" style="border-bottom: Black 1pt solid; text-align: right">7,416</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_eifrs-full--DirectorsRemunerationExpense_d0_c20250101__20250630__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TyMinnickMember_zmo5sDTqswnl" style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt; text-align: center"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; padding-bottom: 1pt"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_981_ecustom--ProceedFromFeesReceived_c20260101__20260630_z2ISnIs6TwMl" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">223,623</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_984_ecustom--ProceedFromFeesReceived_c20250101__20250630_z93v5BQ2qSXh" style="border-bottom: Black 1.5pt solid; text-align: right" title="Related party transaction amount">49,676</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_987_eifrs-full--DirectorsRemunerationExpense_c20260101__20260630_zDKtYqz9u5Wb" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right" title="Related party transaction outstanding">22,563</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98B_eifrs-full--DirectorsRemunerationExpense_c20250101__20250630_zNHtMFFHyDze" style="border-bottom: Black 1.5pt solid; text-align: right" title="Related party transaction outstanding">8,325</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p style="margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 90%; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.3in"> <tr style="vertical-align: top"> <td id="xdx_F04_zJirc8WfkhO7" style="text-align: center; width: 4%">(1)</td> <td id="xdx_F1A_zxkrNhFadxf2" style="text-align: left; width: 86%">Includes geological services of $60,300 (2025 - $nil) for six months ended June 30, 2026</td></tr> </table> 48000 0 0 0 30147 15174 5147 8325 10000 0 10000 0 10000 0 0 0 10000 0 0 0 67000 0 0 0 48476 34502 7416 0 223623 49676 22563 8325 100000 0.06 2026-01-02 145455 8417 <p id="xdx_80F_eifrs-full--DisclosureOfCashFlowStatementExplanatory_zo0YelVMrCf3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <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: 4.5pt"><b> </b></td> <td style="width: 18pt"><b>7.</b></td> <td id="xdx_820_z1u6eeDLHCp6" style="text-align: justify"><b>Supplemental disclosures with respect to cash flows</b></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 22.5pt; text-align: justify; text-indent: -0.25in"><b><span style="font-size: 10pt"> </span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">Changes in non-cash working capital during the six months ended June 30, 2026 and June 30, 2025, comprise the following:</p> <table cellpadding="0" cellspacing="0" id="xdx_897_ecustom--SupplementalDisclosuresWithRespectToCashFlowsTableTextBlock_z3BLRXuKYML1" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-left: 0.3in" summary="xdx: Disclosure - Supplemental disclosures with respect to cash flows - (Details)"> <tr style="vertical-align: bottom"> <td id="xdx_8B8_zaQPKmnbc2g2" style="display: none">Summary of supplemental cash flow</td><td style="font-weight: bold"> </td> <td colspan="3" id="xdx_491_20260101__20260630_zkgBtFxGYdu9" style="font-weight: bold; text-align: center"> </td><td> </td> <td> </td> <td colspan="3" id="xdx_490_20250101__20250630_zL91qwBkSnfc" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">June 30,</td><td> </td> <td colspan="3" style="text-align: center">June 30,</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2026</td><td> </td> <td colspan="3" style="text-align: center">2025</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; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">$</td></tr> <tr id="xdx_404_eifrs-full--AdjustmentsForDecreaseIncreaseInPrepaidExpenses_maAFIDIzqOe_zbkq5QFr5xGj" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 56%; 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">331,940</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">120,746</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--AdjustmentsForIncreaseDecreaseInTradeAccountPayable_maAFIDIzqOe_z81AbbShF8Q3" style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt">Accounts payable and accrued liabilities</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">356,265</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">225,348</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--AdjustmentsForIncreaseDecreaseOfSupplementalDisclosures_maAFIDIzqOe_zvApSjTnpnY7" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left; padding-bottom: 1pt">Net change</td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">688,205</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">346,094</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8AE_zEHuBn9LJzif" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">During the six months ended June 30, 2026 and June 30, 2025, there were no non-cash financing activities or non-cash investing activities.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">During the six months ended June 30, 2026 and June 30, 2025, no amounts were paid for interest or income taxes.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" id="xdx_897_ecustom--SupplementalDisclosuresWithRespectToCashFlowsTableTextBlock_z3BLRXuKYML1" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-left: 0.3in" summary="xdx: Disclosure - Supplemental disclosures with respect to cash flows - (Details)"> <tr style="vertical-align: bottom"> <td id="xdx_8B8_zaQPKmnbc2g2" style="display: none">Summary of supplemental cash flow</td><td style="font-weight: bold"> </td> <td colspan="3" id="xdx_491_20260101__20260630_zkgBtFxGYdu9" style="font-weight: bold; text-align: center"> </td><td> </td> <td> </td> <td colspan="3" id="xdx_490_20250101__20250630_zL91qwBkSnfc" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">June 30,</td><td> </td> <td colspan="3" style="text-align: center">June 30,</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2026</td><td> </td> <td colspan="3" style="text-align: center">2025</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; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">$</td></tr> <tr id="xdx_404_eifrs-full--AdjustmentsForDecreaseIncreaseInPrepaidExpenses_maAFIDIzqOe_zbkq5QFr5xGj" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 56%; 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">331,940</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">120,746</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--AdjustmentsForIncreaseDecreaseInTradeAccountPayable_maAFIDIzqOe_z81AbbShF8Q3" style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt">Accounts payable and accrued liabilities</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">356,265</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">225,348</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--AdjustmentsForIncreaseDecreaseOfSupplementalDisclosures_maAFIDIzqOe_zvApSjTnpnY7" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left; padding-bottom: 1pt">Net change</td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">688,205</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">346,094</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> </table> 331940 120746 356265 225348 688205 346094 <p id="xdx_80B_eifrs-full--DisclosureOfFinancialRiskManagementExplanatory_z9vC8M3pfhLd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <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: 4.5pt"></td><td style="width: 18pt"><b>8.</b></td><td id="xdx_823_zHdD3YwS77t" style="text-align: justify"><b>Financial risk management</b></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><b>Capital management</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">The Company is not currently subject to externally imposed capital requirements. There were no changes to the Company’s approach to capital management during the six months ended June 30, 2026.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><b>Financial instruments - fair value</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">Financial instruments measured at fair value on the condensed interim consolidated statements of financial position are summarized into the following fair value hierarchy levels:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <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: 31.5pt"></td><td style="width: 18pt"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities.</span></td></tr> <tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="width: 31.5pt"></td><td style="width: 18pt"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">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)</span></td></tr> <tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="width: 31.5pt"></td><td style="width: 18pt"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).</span></td></tr></table> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" id="xdx_89E_ecustom--DisclosureOfFairValueOfFinancialInstrumentsAndRiskManagementExplanatory_zUbgpG5FiSxc" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-left: 0.3in" summary="xdx: Disclosure - Financial risk management - (Details)"> <tr style="vertical-align: bottom"> <td style="text-align: left"><span id="xdx_8B1_zZG4HVwYVxW8" style="display: none">Summary of financial risk management</span></td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Level 1</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Level 2</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Level 3</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Total</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; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="font-weight: bold; text-align: left">June 30, 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; width: 30%; text-align: left; padding-bottom: 1pt">Investment in securities</td><td style="border-bottom: Black 1pt solid; width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td id="xdx_98B_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20260630__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--InvestmentSecuritiesMember_zurkvOLeBwac" style="border-bottom: Black 1pt solid; width: 11%; text-align: right" title="Financial investment securities and liability">1,395,719</td><td style="border-bottom: Black 1pt solid; width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td id="xdx_98D_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_d0_c20260630__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--InvestmentSecuritiesMember_z54oGFzDhFza" style="border-bottom: Black 1pt solid; width: 11%; text-align: right" title="Financial investment securities and liability">–</td><td style="border-bottom: Black 1pt solid; width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td id="xdx_984_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_d0_c20260630__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--InvestmentSecuritiesMember_zxkCfLvCj2l9" style="border-bottom: Black 1pt solid; width: 11%; text-align: right" title="Financial investment securities and liability">–</td><td style="border-bottom: Black 1pt solid; width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td id="xdx_988_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20260630__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--InvestmentSecuritiesMember_z4lWXwwL7d66" style="border-bottom: Black 1pt solid; width: 11%; text-align: right" title="Financial investment securities and liability">1,395,719</td><td style="border-bottom: Black 1pt solid; width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 1.5pt solid; text-align: left; padding-bottom: 1pt"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98A_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20260630__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zgHdLG7pWG5a" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right" title="Financial investment securities and liability">1,395,719</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_981_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_d0_c20260630__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zfrevmTbUTc1" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right" title="Financial investment securities and liability">–</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98A_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_d0_c20260630__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zUmU9BBgCSM" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right" title="Financial investment securities and liability">–</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_985_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20260630_zZa82s8Tx6Bh" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right" title="Financial investment securities and liability">1,395,719</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; 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="text-align: left">Investment 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_zNTxjtTGVKtk" 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_zegmGTdPl183" 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_zeleHjz4Eci5" 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_zaBm2MXJKjJ5" 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; text-align: left; padding-bottom: 1pt">Warrant liability</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </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_zhvfdJ8z7xgb" style="border-bottom: Black 1pt solid; text-align: right" title="Financial investment securities and liability">–</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_d0_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--WarrantLiabilityMember_z9BFLz9kh2E8" style="border-bottom: Black 1pt solid; text-align: right" title="Financial investment securities and liability">–</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </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_zBH2hgO13bqe" 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; padding-bottom: 1pt; text-align: left">)</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </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_zBoTLu1MCIFi" 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; padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1.5pt solid; text-align: left; padding-bottom: 1pt"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_981_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zznfpNClIhrg" style="border-bottom: Black 1.5pt solid; text-align: right" title="Financial investment securities and liability">4,030,559</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_988_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_d0_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zfK9CeEcHdo7" style="border-bottom: Black 1.5pt solid; text-align: right" title="Financial investment securities and liability">–</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98C_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zKIpfACE0IZ5" style="border-bottom: Black 1.5pt solid; text-align: right" title="Financial investment securities and liability">(1,832,191</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left">)</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98F_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20251231_zd0WCV0LhJPk" style="border-bottom: Black 1.5pt solid; text-align: right" title="Financial investment securities and liability">2,198,368</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p id="xdx_8AD_zIpkBPhXJVl4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">The fair value of cash and cash equivalents, and accounts payable and accrued liabilities approximate their carrying values due to their short term to maturity.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">During the six months ended June 30, 2026 and the year ended December 31, 2025, there were no transfers between categories in the fair value hierarchy for the warrant liability measured using Level 3 inputs.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><b>Financial instruments – risk </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><b>Credit risk </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><b>Liquidity risk</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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 June 30, 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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"><b>Market risk</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <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: 0.5in"><b>(i)</b></td><td style="text-align: justify"><b>Interest rate risk</b></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <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: 0.5in"><b>(ii)</b></td><td style="text-align: justify"><b>Currency risk</b></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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. As at June 30, 2026, the Company is exposed to foreign exchange risk through certain payables denominated in USD. The Company does not consider exposure to foreign exchange risk to be material.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <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: 0.5in"><b>(iii)</b></td><td style="text-align: justify"><b>Commodity price risk</b></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <table cellpadding="0" cellspacing="0" id="xdx_89E_ecustom--DisclosureOfFairValueOfFinancialInstrumentsAndRiskManagementExplanatory_zUbgpG5FiSxc" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-left: 0.3in" summary="xdx: Disclosure - Financial risk management - (Details)"> <tr style="vertical-align: bottom"> <td style="text-align: left"><span id="xdx_8B1_zZG4HVwYVxW8" style="display: none">Summary of financial risk management</span></td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Level 1</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Level 2</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Level 3</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">Total</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; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="font-weight: bold; text-align: left">June 30, 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; width: 30%; text-align: left; padding-bottom: 1pt">Investment in securities</td><td style="border-bottom: Black 1pt solid; width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td id="xdx_98B_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20260630__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--InvestmentSecuritiesMember_zurkvOLeBwac" style="border-bottom: Black 1pt solid; width: 11%; text-align: right" title="Financial investment securities and liability">1,395,719</td><td style="border-bottom: Black 1pt solid; width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td id="xdx_98D_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_d0_c20260630__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--InvestmentSecuritiesMember_z54oGFzDhFza" style="border-bottom: Black 1pt solid; width: 11%; text-align: right" title="Financial investment securities and liability">–</td><td style="border-bottom: Black 1pt solid; width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td id="xdx_984_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_d0_c20260630__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--InvestmentSecuritiesMember_zxkCfLvCj2l9" style="border-bottom: Black 1pt solid; width: 11%; text-align: right" title="Financial investment securities and liability">–</td><td style="border-bottom: Black 1pt solid; width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 2%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td><td id="xdx_988_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20260630__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--InvestmentSecuritiesMember_z4lWXwwL7d66" style="border-bottom: Black 1pt solid; width: 11%; text-align: right" title="Financial investment securities and liability">1,395,719</td><td style="border-bottom: Black 1pt solid; width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="border-bottom: Black 1.5pt solid; text-align: left; padding-bottom: 1pt"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98A_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20260630__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zgHdLG7pWG5a" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right" title="Financial investment securities and liability">1,395,719</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_981_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_d0_c20260630__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zfrevmTbUTc1" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right" title="Financial investment securities and liability">–</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98A_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_d0_c20260630__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zUmU9BBgCSM" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right" title="Financial investment securities and liability">–</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_985_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20260630_zZa82s8Tx6Bh" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right" title="Financial investment securities and liability">1,395,719</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; 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="text-align: left">Investment 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_zNTxjtTGVKtk" 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_zegmGTdPl183" 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_zeleHjz4Eci5" 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_zaBm2MXJKjJ5" 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; text-align: left; padding-bottom: 1pt">Warrant liability</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </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_zhvfdJ8z7xgb" style="border-bottom: Black 1pt solid; text-align: right" title="Financial investment securities and liability">–</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_d0_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember__ifrs-full--ClassesOfFinancialInstrumentsAxis__custom--WarrantLiabilityMember_z9BFLz9kh2E8" style="border-bottom: Black 1pt solid; text-align: right" title="Financial investment securities and liability">–</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </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_zBH2hgO13bqe" 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; padding-bottom: 1pt; text-align: left">)</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1pt"> </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_zBoTLu1MCIFi" 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; padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1.5pt solid; text-align: left; padding-bottom: 1pt"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_981_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level1OfFairValueHierarchyMember_zznfpNClIhrg" style="border-bottom: Black 1.5pt solid; text-align: right" title="Financial investment securities and liability">4,030,559</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_988_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_d0_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level2OfFairValueHierarchyMember_zfK9CeEcHdo7" style="border-bottom: Black 1.5pt solid; text-align: right" title="Financial investment securities and liability">–</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98C_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20251231__ifrs-full--LevelsOfFairValueHierarchyAxis__ifrs-full--Level3OfFairValueHierarchyMember_zKIpfACE0IZ5" style="border-bottom: Black 1.5pt solid; text-align: right" title="Financial investment securities and liability">(1,832,191</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left">)</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98F_ecustom--FinancialInvestmentSecuritiesAndLiability_iI_c20251231_zd0WCV0LhJPk" style="border-bottom: Black 1.5pt solid; text-align: right" title="Financial investment securities and liability">2,198,368</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1pt; text-align: left"> </td></tr> </table> 1395719 0 0 1395719 1395719 0 0 1395719 4030559 0 0 4030559 0 0 -1832191 -1832191 4030559 0 -1832191 2198368 <p id="xdx_809_eifrs-full--DisclosureOfEntitysReportableSegmentsExplanatory_zjDUM9T4ZQvk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <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: 4.5pt"></td><td style="width: 18pt"><b>9.</b></td><td id="xdx_820_z1SdTKBYC7e7" style="text-align: justify"><b>Segmented information</b></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">The Company operates in one reportable operating segment being the acquisition, exploration, and evaluation of mineral properties in Canada and the USA. As at June 30, 2026, the Company holds non-current assets comprising mineral property interests of $<span id="xdx_90A_eifrs-full--NoncurrentAssets_iI_c20260630__ifrs-full--SegmentsAxis__custom--MineralPropertyMember_z8uQV6GhGIw2" title="Non-current assets">4,791,780</span> (December 31, 2025 - $<span id="xdx_905_eifrs-full--NoncurrentAssets_iI_c20251231__ifrs-full--SegmentsAxis__custom--MineralPropertyMember_zJ85m5xQdXFa" title="Non-current assets">4,791,780</span>) in the USA. The remainder of the Company’s non-current assets are located in Canada.</p> 4791780 4791780 <p id="xdx_808_eifrs-full--DisclosureOfEventsAfterReportingPeriodExplanatory_znq6Jn425I0a" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <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"><b>10.</b></td><td id="xdx_82C_zGMEWUxCFvr8" style="text-align: justify"><b>Subsequent events</b></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">Subsequent to June 30, 2026, on July 24, 2026, the Company held its annual general and special meeting of shareholders, at which shareholders approved, among other routine matters, the Company’s 2026 Stock Option Plan (Note 4), which had previously been approved by the Board of Directors on June 3, 2026. The 2026 Plan supersedes and replaces the 2020 Equity Incentive Plan.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">Additionally, on July 23, 2026, the Company acquired an additional 3,939 hectares of mineral claims contiguous to its Forester Gold Project through map staking, expanding the Project’s total land package.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify">The Company has paid $50,000 due to Bounty Gold by August 19, 2026 (see Note 3).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify"> </p> Includes geological services of $60,300 (2025 - $nil) for six months ended June 30, 2026