v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Information [Abstract]  
SEGMENT INFORMATION

NOTE 9: SEGMENT INFORMATION

 

The Company operates in one reportable segment which is the exploration and evaluation of mineral properties. The Company has no revenues and incurs expenditures in various jurisdictions, being Colombia, Argentina and North America (principally the U.S. and Canada, represented below as Jaguar Uranium Corp.).

 

The Company’s chief operating decision maker (“CODM”) is the senior executive committee that includes the chief executive officer, chief financial officer and the executive chairman.

 

The accounting policies are consistent with those described in the summary of significant accounting policies. The CODM evaluates performance and decides how to allocate resources based on net loss and the measure of segment assets is the consolidated total assets, and specifically, the consolidated value of mineral properties and consolidated cash and cash equivalents.

 

For the three months ended June 30:

 

Period ended June 30, 2026   Gaia
Colombia
and Berlin
Colombia		     284 Ontario     Jaguar
Uranium
Corp.		     Total  
General and administrative expenses (a)   $ 1,861     $ 30,663     $ 596,772     $ 629,296  
Legal and professional fees     26,946       —       107,375       134,321  
Depreciation     6,873       —       —       6,873  
Exploration and evaluation expenditures (see Note 6)     78,136       244,732       (51,523 )     271,345  
Interest and other (income) expense     (9,854 )     —       (174,180 )     (184,034 )
Foreign exchange (gain) loss     10,681       3,361       2,169       16,211  
Net income (loss) before income tax expense (recovery)   $ 114,643     $ 278,756     $ 480,613     $ 874,012  
                                 
Reconciliation of profit or loss:                                
Adjustments and reconciling items     —       —       —       —  
Consolidated net income (loss) before income tax expense (recovery)   $ 114,643     $ 278,756     $ 480,613     $ 874,012  

 

(a) General and Administrative (G&A) expenses   Gaia
Colombia
and Berlin
Colombia		     284 Ontario     Jaguar
Uranium
Corp.		     Total  
Travel   $ —     $ —     $ 32,656     $ 32,656  
Compensation     1,861       30,663       389,645       422,169  
Investor relations     —       —       166,521       166,521  
Listing and filing fees     —       —       6,251       6,251  
Other G&A     —       —       1,699       1,699  
Total G&A   $ 1,861     $ 30,663     $ 596,772     $ 629,296  

 

 

Period ended June 30, 2025   Gaia
Colombia
and Berlin
Colombia		     284 Ontario     Jaguar
Uranium
Corp.		     Total  
General and administrative expenses (a)   $ 8,978     $ 7,665     $ 309,289     $ 325,932  
Legal and professional fees     —       —       34,072       34,072  
Depreciation     1,246       —       —       1,246  
Exploration and evaluation expenditures (see Note 4)     79,842       45,854       (54,676 )     71,020  
Interest and other (income) expense     —       —       996       996  
Foreign exchange (gain) loss     2,908       176       (7,289 )     (4,205 )
Net income (loss) before income tax expense (recovery)   $ 92,974     $ 53,695     $ 282,392     $ 429,061  
                                 
Reconciliation of profit or loss:                                
Adjustments and reconciling items     —       —       —       —  
Consolidated net income (loss) before income tax expense (recovery)   $ 92,974     $ 53,695     $ 282,392     $ 429,061  

 

Period ended June 30, 2026   Gaia
Colombia
and Berlin
Colombia		     284 Ontario     Jaguar
Uranium
Corp.		     Total  
General and administrative expenses (a)   $ 12,258     $ 48,658     $ 1,717,180     $ 1,778,096  
Legal and professional fees     27,880       —       272,070       299,950  
Depreciation     8,547       —       —       8,547  
Exploration and evaluation expenditures (see Note 4)     116,158       261,599       —       377,757  
Interest and other (income) expense     (9,854 )     —       (232,536 )     (242,390 )
Liquidity event deferred cash payment     —       —       720,700       720,700  
Liquidity event and listing event shares     —       —       17,747,028       17,747,028  
Foreign exchange (gain) loss     7,425       937       44,599       52,961  
Net income (loss) before income tax expense (recovery)   $ 162,414     $ 311,194     $ 20,269,041     $ 20,742,649  
                                 
Reconciliation of profit or loss:                                
Adjustments and reconciling items     —       —       —       —  
Consolidated net income (loss) before income tax expense (recovery)   $ 162,414     $ 311,194     $ 20,269,041     $ 20,742,649  

 

 

(a) General and Administrative (G&A) expenses   Gaia
Colombia
and Berlin
Colombia		     284 Ontario     Jaguar
Uranium
Corp.		     Total  
Travel   $ —     $ —     $ 83,602     $ 83,602  
Compensation     12,258       48,658       1,250,068       1,310,984  
Investor relations     —       —       264,596       264,596  
Listing and filing fees     —       —       114,448       114,448  
Other G&A     —       —       4,466       4,466  
Total G&A   $ 12,258     $ 48,658     $ 1,717,180     $ 1,778,096  

 

Period ended June 30, 2025   Gaia
Colombia
and Berlin
Colombia		     284 Ontario     Jaguar
Uranium
Corp.		     Total  
General and administrative expenses (a)   $ 21,741     $ 14,494     $ 627,029     $ 663,264  
Legal and professional fees     390       —       147,539       147,929  
Depreciation     2,496       —       —       2,496  
Exploration and evaluation expenditures (see Note 4)     79,842       45,854       0       125,696  
Interest and other (income) expense     —       —       1,106       1,106  
Foreign exchange (gain) loss     5,654       (93 )     (3,574 )     1,987  
Net income (loss) before income tax expense (recovery)   $ 110,123     $ 60,255     $ 772,100     $ 942,478  
                                 
Reconciliation of profit or loss:                                
Adjustments and reconciling items     —       —       —       —  
Consolidated net income (loss) before income tax expense (recovery)   $ 110,123     $ 60,255     $ 772,100     $ 942,478  

 

(a) General and Administrative (G&A) expenses   Gaia
Colombia
and Berlin
Colombia		     284 Ontario     Jaguar
Uranium
Corp.		     Total  
Travel   $ —     $ —     $ 6,928     $ 6,928  
Compensation     21,741       14,494       608,758       644,993  
Other G&A     —       —       11,343       11,343  
Total G&A   $ 21,741     $ 14,494     $ 627,029     $ 663,264  

 

As at June 30, 2026   Gaia
Colombia
and Berlin
Colombia		     284 Ontario     Jaguar
Uranium
Corp.		     Total  
Mineral properties   $ 4,000,000     $ 4,150,000     $ —     $ 8,150,000  
Property and equipment     30,843       —       —       30,843  
Total Long-Lived Assets   $ 4,030,843     $ 4,150,000     $ —     $ 8,180,843  

 

As at December 31, 2025   Gaia
Colombia
and Berlin
Colombia		     284 Ontario     Jaguar
Uranium
Corp.		     Total  
Mineral properties   $ 4,000,000     $ 4,150,000     $ —     $ 8,150,000  
Property and equipment     38,865       —       —       38,865  
Total Long-Lived Assets   $ 4,038,865     $ 4,150,000     $ —     $ 8,188,865