v3.26.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (17,542,263) $ (6,327,213)
Adjustments to reconcile net loss to net cash used in operating activities:    
Changes in fair value of derivative liability 499,120 107,961
Impairment on intangible assets 2,045,253
Interest expense 2,285,080
Conversion of debt to equity 448,802
Stock-based compensation 5,218,481 885,695
Changes in operating assets and liabilities:    
Prepaid expenses (2,683,722) 21,316
Accounts payable 653,608 (51,055)
Accrued expenses 181,299 (861,764)
Other current assets (62,120)
Other non-current assets (134,677)
Net cash used in operating activities (11,825,021) (3,491,178)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Deposits for property and equipment (317,530)
Acquisition of mineral exploration rights and exploratory licenses (476,474)
Net cash used in investing activities (794,004)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sale of securities and warrants in February 2026 private placement, net of offering costs 7,750,000
Proceeds from June 2026 SPA, net of issuance costs 3,750,000
Proceeds from sale of securities under the At-the-Market facility 2,574,725
Proceeds from warrants exercises 1,745
Proceeds from convertible promissory note, net of issuance cost 2,150,000
Proceeds from sales of stocks and warrants, net 11,394,218
Proceeds from stock subscriptions 500,000
Proceeds from sale of preferred B shares 500,000
Payments on notes payable (2,730,182)
Payments for deferred financing costs (25,000)
Proceeds from FPA settlement 412,329 140,572
Notes payable - related party 297,968 (31,000)
Payments on financed director and officer insurance (40,225)
Net cash provided by financing activities 14,786,767 11,858,383
NET CHANGE IN CASH 2,167,742 8,367,205
Cash - Beginning of period 7,176,615 63,741
Cash - End of period 9,344,357 8,430,946
SUPPLEMENTAL NON-CASH FINANCING AND INVESTING ACTIVITIES:    
Note payable settled with issuance of common stock 1,473,441
Reversal of OID 157,481
Interest payable settled with issuance of common stock 22,826
Issuance of warrants 679,577
Non-cash acquisition of mineral licenses with preferred shares 47,940,000
Investment in equity securities 3,682,800
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest Paid
Taxes Paid