Investments in Equity and Marketable Securities

6 Months Ended

Jun. 30, 2026

Investments, Debt and Equity Securities [Abstract]

Investments in Equity and Marketable Securities

The Company records both marketable securities and equity method investments at fair value. The Company has classified these investments on the Company’s unaudited consolidated balance sheets as marketable securities.

The following table summarizes the changes in fair value of the Company’s investment in equity securities as of June 30, 2026 and December 31, 2025:


	June 30, 2026		December 31, 2025
Balance, beginning of period	$	43,591	$	24,883
Investment obtained as part of sale of mineral property (Verdera)	36,530		-
Investment in publicly traded companies (Non-Verdera)	12,557		34,396
Divestment of publicly traded companies	(13,919)		(11,151)
Fair value loss on marketable securities (unrealized)	(25,918)		(5,681)
Foreign exchange gain (loss) translation	(620)		1,144
Balance, end of period	$	52,221	$	43,591

The realized gain on marketable securities sold during the three months ended June 30, 2026 was $2,298 and $7,671 for the three months ended June 30, 2025. The realized gain on marketable securities sold during the six months ended June 30, 2026 was $6,137 and $7,671 for the six months ended June 30, 2025.

The Company recorded an unrealized loss of $15,870 for the three months ended June 30, 2026 and an unrealized gain of $2,810 for the same period in 2025. The Company recorded an unrealized loss on marketable securities for the six months ended June 30, 2026 of $25,918 and an unrealized loss of $7,066 for the same period in 2025.