June 30, 2026

December 31, 2025

Compensation and incentives

$

5,229

$

1,052,226

Professional services

1,951,647

466,060

Deposits

—

525,000

Other

6,204

3,226

Exploration license fees

8,367,286

7,799,508

Total accrued expenses

$

10,330,366

$

9,846,020