v3.26.1
SCHEDULE OF CHANGE IN RESTRICTED STOCK UNITS (Details) - Restricted Stock Units (RSUs) [Member] - shares
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]    
Number of RSUs Outstanding 572,476 1,040,017
Number of RSUs Outstanding, Granted [1] 55,750 714,032
Number of RSUs Outstanding, Vested [2] (82,000) (749,864)
Number of RSUs Outstanding, Forfeited [3] (13,750) (371,709)
Number of RSUs Outstanding, Expired and cancelled [4] (338,476) (60,000)
Number of RSUs Outstanding 194,000 572,476
Number of RSUs Outstanding, Expired  
[1] In the twelve months ended December 31, 2025, 55,750 RSUs were granted to our officers and consultants, with a total grant date fair value of $287,008 as measured at $5.15/share, as follows: (i) 5,750 RSUs which immediately vested upon grant and (ii) 50,000 RSUs with time-based vesting over periods ranging from one to four years. In the twelve months ended December 31, 2024, 714,032 RSUs were granted to our officers and consultants , with a total grant date fair value of $7,505,400 as measured at $10.51/share, as follows: (i) 390,997 RSUs which immediately vested upon grant; (ii) 87,326 RSUs with time-based vesting over periods ranging from six months to four years; (iii) 65,000 RSUs which vest upon achieving certain price per share of our common stock ranging between $13.50 and $65.00 and (iv) 170,799 RSUs which vest upon achieving certain performance milestones at our Neves Project
[2] In the twelve months ended December 31, 2025, 82,000 RSUs vested and were settled through the issuance of 82,000 shares of common stock. In the twelve months ended December 31, 2024, 749,864 RSUs vested and were settled through the issuance of 749,864 shares of common stock.
[3] In the twelve months ended December 31, 2025, 13,750 RSUs (371,709 RSUs in 2024) were forfeited upon termination of employment and service agreements with former executives and consultants.
[4] In the twelve months ended December 31, 2025, 338,476 RSUs (60,000 RSUs in 2024) were cancelled without vesting because the performance conditions for vesting were not met.