The Company is preparing its Tonopah property site for the construction of a permitted custom processing toll milling facility, including grading the land, installing fencing, and drilling and servicing wells for future operations. During the three and six months ended June 30, 2026, management performed a qualitative impairment assessment under ASC 360-10, considering current commodity prices, the status of permitting activities, the condition of the underlying property, and the Company’s intent and ability to develop the property. Based on this assessment, management concluded that no indicators of impairment existed and that the carrying value of $3,883,524 was recoverable as of June 30, 2026.