v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows used in operating activities    
Net loss $ (874,602) $ (1,247,387)
Adjustment to reconcile net loss to net cash used in operating activities:    
Exploration expenses associated with settlement of note and interest receivable 202,835
Fair value loss (gain) on equity investment 3,178 (3,305)
Gain on sale of mineral interest (20,000)
Stock-based compensation - officer and directors 257,658
Stock-based compensation - consultants 77,778 233,334
Stock-based compensation - VP of Operations 116,667
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (12,713) 23,935
Accounts payable and accrued liabilities 66,247 30,317
Related party payables (50,000)
Net cash used in operating activities (532,454) (663,604)
INVESTING ACTIVITIES:    
Proceeds received from sale of mineral property interest   100,000
Acquisition of mineral property and royalty interests (20,000)
Net cash provided by investing activities 80,000
FINANCING ACTIVITIES:    
Proceeds from sale of common stock 288,149
Net cash provided by financing activities 288,149
Net decrease in cash (532,454) (295,455)
Cash at beginning of period 5,455,294 7,036,161
Cash at end of period 4,922,840 6,740,706
NONCASH INVESTING AND FINANCING ACTIVITIES:    
Mineral interests acquired with related party payables, net 40,000 40,000
Shares of common stock issued for prepaid share issuance costs 75,000
Settlement of note and interest receivable via reduction in exploration expenditures commitment $ 202,835