| SCHEDULE OF AMOUNTS DUE TO RELATED PARTIES |
Amounts
due to related parties at June 30, 2026 and December 31, 2025:
SCHEDULE
OF AMOUNTS DUE TO RELATED PARTIES
| | |
June
30, 2026 | | |
December
31, 2025 | |
| Amounts due to a director and Chief Financial Officer (“CFO”) (a) | |
$ | 100,000 | | |
$ | 100,000 | |
| Amounts due to a company controlled by a director and CFO (a,b) | |
| 310,000 | | |
| 360,000 | |
| Amounts due to companies controlled by the Chief Executive Officer (“CEO”), and chairman of the board of directors of the Company (a,c) | |
| 40,000 | | |
| - | |
| Amounts due to a director and President (a) | |
| 5,000 | | |
| 5,000 | |
| Total related party payables | |
$ | 455,000 | | |
$ | 465,000 | |
| (a) |
These
amounts are non-interest bearing, unsecured and due on demand. |
| (b) |
During
the three and six months ended June 30, 2026, the Company paid $50,000 on the payable due to a company controlled by a director
and CFO. |
| (c) |
This
amount includes annual property payment totaling $20,000 for Agai-Pah Property due to MSM Resource, L.L.C. (“MSM”), and
$20,000 for Belshazzar Property due to Belshazzar Holdings, L.L.C. (“Belshazzar”), the entities controlled by Alan Day,
the Company’s CEO and chairman of the board, who is also the managing member of MSM and Belshazzar. |
|