v3.26.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash $ 2,914 $ 5,296
Prepaid expenses 5,728 42,389
Total current assets 8,642 47,685
Mineral rights 3,883,524 3,883,524
Total assets 3,905,608 3,948,492
Liabilities and stockholders’ deficit    
Accounts payable 1,747,032 1,742,657
Accrued expenses 40,958 41,030
Accrued interest 2,741,358 2,508,959
Promissory note 165,000 105,000
Total current liabilities 5,248,050 4,457,703
Total liabilities 5,254,650 4,468,388
Commitments and contingencies (Note 9)
Stockholders’ deficit:    
Common stock, $0.001 par value, 1,000,000,000 shares authorized: 14,101,318 and 14,099,393 issued and outstanding as of June 30, 2026 and December 31, 2025, respectively. 14,101 14,099
Additional paid-in capital 104,956,568 104,940,304
Accumulated deficit (116,319,711) (115,474,299)
Total stockholders’ deficit (11,349,042) (10,519,896)
Total liabilities and stockholders’ deficit 3,905,608 3,948,492
Related Party    
Assets    
Right-of-use asset - related party 13,442 17,283
Liabilities and stockholders’ deficit    
Accounts payable - related parties 78,569 45,155
Accrued expenses - related parties 8,102 7,500
Accrued interest - related party 11,656
Operating lease liability - related party 7,911 7,402
Convertible promissory notes - related party 447,464
Operating lease liability - related party, non-current 6,600 10,685
Series A Preferred Stock    
Mezzanine equity:    
Series A preferred stock, $0.001 par value; 10,000,000 shares issued and outstanding as of June 30, 2026 and December 31, 2025; liquidation preference of $10,000,000 $ 10,000,000 $ 10,000,000