Mineral Rights and Properties |
6 Months Ended |
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Jun. 30, 2026 | |
| Extractive Industries [Abstract] | |
| Mineral Rights and Properties | Note 3 – Mineral Rights and Properties
Ophir Creek Placer Gold Mine
On January 12, 2026, the Company entered into a letter of intent and option purchase agreement (“LOI”) to acquire the Ophir Creek Placer Gold Mine from Village Gold, Inc. (“Seller”) Pursuant to the LOI, the Company will acquire nine State of Alaska and Federal mining claims known as Ophir Creek mining claims located near Ophir Alaska and all heavy equipment and mining equipment present on the project including equipment and fuel storage. Upon signing the LOI, the Company will pay the Seller $25,000 which will be the Option Purchase price. This payment will be non-refundable after the 60 day due diligence period. Under the terms of the purchase of the assets of the Seller, The Company will pay the Seller $2,500,000, the total purchase price, as follows: $25,000 paid at the signing of the LOI, $100,000 paid at the time of signing the definite agreement, $500,000 on July 1, 2026, $500,000 on October 31, 2026, Seller, at its sole discretion, may choose to take this payment in the form of gold at $4,000 per ounce, $750,000 July 1, 2027 and the final payment of $625,000 on January 1, 2028. In January 2026, the Company paid $25,000 under this agreement. During the six months ended June 30, 2026, the Company evaluated the Ophir Creek Placer Gold mineral rights and properties for impairment and recorded an impairment expense of $25,000.As of June 30, 2026, the Ophir Creek Placer Gold mineral rights and properties balance was $0.
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