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INCOME AND MINING TAXES
 6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
INCOME AND MINING TAXES INCOME AND MINING TAXES
The Company estimates that its 2026 effective tax rate will be 0% due to its cumulative loss position, historical net operating losses, and other available evidence related to the Company's ability to generate taxable income. Accordingly, there is no income tax provision or benefit for any period presented. A reconciliation of the actual income tax benefit and the tax computed by applying the applicable U.S. income tax rate (21%) to the loss before income taxes is as follows:
Three months ended June 30,
20262025
$
% of Pretax
Loss
$
% of Pretax
Loss
Tax provision (benefit)(3,511,360)21.0%(1,479,433)21.0%
State tax (benefit)(699,856)4.2%(317,021)4.5%
Other788,460 (4.7%)116,822 (1.7%)
Change in valuation allowance3,422,756 (20.5%)1,679,632 (23.8%)
Total income tax expense (benefit)— —%— —%
Six months ended June 30,
20262025
$
% of Pretax
Loss
$
% of Pretax
Loss
Tax provision (benefit)(6,294,173)21.0%(2,327,892)21.0%
State tax (benefit)(1,254,503)4.2%(498,834)4.5%
Other869,093 (2.9%)132,027 (1.2%)
Change in valuation allowance6,679,583 (22.3%)2,694,699 (24.3%)
Total income tax expense (benefit)— —%— —%