INCOME AND MINING TAXES (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Effective Income Tax Rate Reconciliation

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,
	2026			2025
	$	% 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	%
Other	788,460	(4.7	%)	116,822	(1.7	%)
Change in valuation allowance	3,422,756	(20.5	%)	1,679,632	(23.8	%)
Total income tax expense (benefit)	—	—	%	—	—	%


	Six months ended June 30,
	2026			2025
	$	% 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	%
Other	869,093	(2.9	%)	132,027	(1.2	%)
Change in valuation allowance	6,679,583	(22.3	%)	2,694,699	(24.3	%)
Total income tax expense (benefit)	—	—	%	—	—	%