Property and Equipment |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, Plant and Equipment [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property and Equipment [Text Block] |
4. Property and Equipment During the six months ended June 30, 2026, the Company was awarded mineral lease rights on 3,675 acres of Idaho state land acquired through a competitive auction process. The Company submitted a winning bid of $210,000, which represents the cost to acquire the leasehold interest, and incurred $3,174 of legal fees directly attributable to securing the lease. The Company also incurred $68,800 of claim staking costs to establish additional mining claims and $3,275 of legal fees directly attributable to a pending property acquisition at South Mountain. These costs have been capitalized as mineral properties and totaled $285,249 for the six months ended June 30, 2026. In connection with the Idaho State mineral lease, the Company deposited $5,000 as collateral with the Idaho Department of Lands pursuant to a Collateral Bond Form. The collateral bond deposit is recorded separately as a long-term asset on the accompanying condensed consolidated balance sheet. The Company's property and equipment are as follows:
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