v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (1,603,068) $ (1,439,415)
Adjustments to reconcile net loss to net cash used by operating activities:    
Stock based compensation 136,320 771,045
Noncash lease expense 0 (46)
Change in:    
Prepaid expenses and other assets (230,451) (16,416)
Accounts payable and other accrued liabilities 460,560 (661)
Accrued legal fees 0 (5,000)
Net cash used in operating activities (1,236,639) (690,493)
Cash flows from investing activities:    
Acquisition of mineral properties (285,249) 0
Purchase of reclamation bond (5,000) 0
Net cash used in investing activities (290,249) 0
Cash flows from financing activities:    
Proceeds from issuances of stock and warrants 0 1,270,000
Proceeds from exercise of stock options 40,000 0
Net cash provided by financing activities 40,000 1,270,000
Net increase (decrease) in cash and cash equivalents (1,486,888) 579,507
Cash and cash equivalents, beginning of period 2,592,167 481,322
Cash and cash equivalents, end of period 1,105,279 1,060,829
Noncash financing and investing activities:    
Common stock issued for subscription receivable $ 0 $ 60,000