v3.26.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 204,305,075 $ 10,804,841
Prepaid expenses 1,345,171 143,035
Other current assets 93,498 94,115
Total current assets 205,743,744 11,041,991
VAT receivable – net 4,050,836 2,293,878
Property, plant and equipment – net 4,910,215 4,986,976
Exploration assets 4,616,378 4,616,378
Operating lease right-of-use asset – net 1,098,610 722,155
Other assets 111,545 25,261
Total 220,531,328 23,686,639
Current liabilities:    
Current portion of operating lease liabilities 61,760 121,831
Accrued payroll withholding taxes 106,792 115,071
Total current liabilities 12,587,203 2,664,493
Operating lease liabilities 977,168 622,126
Labor obligations 88,023 85,599
Total liabilities 13,652,394 3,372,218
Accrued expenses 1,287,454 225,158
Commitments and contingencies
Ordinary shares / shares of common stock - $0.0001 par value, 3,500,000,000 shares of common stock authorized; 148,936,013 shares of common stock issued and outstanding as of June 30, 2026. Ordinary shares - $0.0001 par value, 500,000,000 ordinary shares authorized, 128,136,859 ordinary shares issued and outstanding as of December 31, 2025. 14,894 12,814
Additional paid in capital 356,356,681 141,454,897
Stock subscriptions received but not issued 0 100,009
Accumulated deficit (149,492,641) (121,253,299)
Total shareholders’ equity 206,878,934 20,314,421
Total 220,531,328 23,686,639
Nonrelated Party [Member]    
Current liabilities:    
Accounts payable 11,126,030 2,079,887
Related Party [Member]    
Current liabilities:    
Accounts payable $ 5,167 $ 122,546