v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 89,038,319 $ 64,837,617
Restricted cash 108,037 106,365
Prepaid expenses and other 5,795,200 3,290,962
Income taxes receivable 106,244 106,244
Total current assets 95,047,800 68,341,188
LONG-TERM ASSETS:    
Investment in Peak Gold, LLC 51,156,351 47,108,733
Property & equipment, net 346,368,297 52,065,293
Marketable securities 4,243,743 4,436,013
Total long-term assets 401,768,391 103,610,039
TOTAL ASSETS 496,816,191 171,951,227
CURRENT LIABILITIES:    
Accounts payable 9,522,149 1,014,233
Accrued liabilities 2,492,135 4,336,813
Liability on flow-through share issuances 3,282,104 0
Royalty reimbursement advance 0 488,045
Derivative contract liability 61,479,232 66,465,622
Debt, current portion 12,600,000 4,000,000
Total current liabilities 89,375,620 76,304,713
NON-CURRENT LIABILITIES:    
Asset retirement obligations 132,509 123,444
Contingent consideration liability 0 2,757,952
Derivative contract liability 0 37,191,718
Debt non-current portion, net 19,513,840 29,857,758
Deferred tax liability 56,281,550 617,353
Total non-current liabilities 75,927,899 70,548,225
TOTAL LIABILITIES 165,303,519 146,852,938
COMMITMENTS AND CONTINGENCIES (NOTE 11)
STOCKHOLDERS' EQUITY:    
Preferred Stock
Additional paid-in capital 556,096,145 238,155,692
Treasury stock at cost (nil at June 30, 2026; and 2,480 shares at December 31, 2025) 0 (48,308)
Accumulated other comprehensive loss (2,229,538) (0)
Accumulated deficit (222,677,385) (213,158,782)
TOTAL STOCKHOLDERS' EQUITY 331,512,672 25,098,289
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 496,816,191 171,951,227
Series A Special Voting Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred Stock
Common Stock [Member]    
STOCKHOLDERS' EQUITY:    
Common Stock 323,450 149,687
Exchangeable Shares [Member]    
STOCKHOLDERS' EQUITY:    
Common Stock $ 0 $ 0