v3.26.1
Acquisition of Greenland Mines Corp. (Tables)
 6 Months Ended
Jun. 30, 2026
Acquisition of Greenland Mines Corp. [Abstract]  
Schedule of Fair Value of Consideration Transferred

 

The fair value of the consideration transferred, which was more reliably measurable than the fair value of the mineral exploration rights, totaled approximately $48.4 million and was determined as summarized in the table below:

 

Fair value of consideration transferred      
Cash (CAD$500,000 converted in USD)   $ 365,324  
Fair value of preferred stock C (47,940 shares)     47,940,000  
Total consideration transferred     48,305,324  
Transaction costs of the asset acquisition (a)     111,150  
Total acquisition costs   $ 48,416,474  
         
Greenland’s identifiable assets acquired and liabilities assumed        
Mineral exploration rights and exploration licenses   $ 48,416,474  

 

(a) Transaction costs include direct costs to acquire the assets, such as fees paid to external advisors. Indirect costs not directly attributable to the acquisition of the assets have been expensed as incurred. 

Schedule of Company’s Intangible Assets and Goodwill Acquired

The following table summarizes the Company’s indefinite lived intangible assets acquired in connection with the Acquisition and their carrying value as of June 30, 2026:

 

    Acquisition
Date		           Carrying Value
as of		  
    Level 3           June 30,  
    Fair Value     Impairment     2026  
                   
Mineral exploration rights and exploration licenses   $ 48,416,474     $         -     $ 48,416,474  
Total long-lived assets   $ 48,416,474     $ -     $ 48,416,474