| Schedule of Cost and Carrying Value of Mineral Property Interests, Plant and Equipment |
The cost and carrying value of mineral property interests, plant and equipment at June 30, 2026 and December 31, 2025 was as follows:
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June 30, 2026 |
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December 31, 2025 |
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Mineral property interests, cost |
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|
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Mining concessions |
|
$ |
4,132,678 |
|
|
$ |
4,132,678 |
|
Mine development |
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|
13,875,488 |
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|
|
8,911,872 |
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Subtotal |
|
$ |
18,008,166 |
|
|
$ |
13,044,550 |
|
Less: accumulated depletion |
|
|
(1,756,514 |
) |
|
|
(964,295 |
) |
Mineral property interests, carrying value |
|
$ |
16,251,652 |
|
|
$ |
12,080,255 |
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|
|
|
|
|
|
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Plant and equipment, cost |
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|
|
|
|
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Construction in progress |
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$ |
416,528 |
|
|
$ |
542,000 |
|
Plant and equipment |
|
|
2,834,380 |
|
|
|
2,228,651 |
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Other |
|
|
2,654,124 |
|
|
|
2,587,966 |
|
Subtotal |
|
|
5,905,032 |
|
|
|
5,358,617 |
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Less: Accumulated depreciation and amortization |
|
|
(327,464 |
) |
|
|
(130,549 |
) |
Plant and equipment, carrying value |
|
$ |
5,577,568 |
|
|
$ |
5,228,068 |
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|
|
|
|
|
|
|
Mineral property interests, plant and equipment, carrying value |
|
$ |
21,829,220 |
|
|
$ |
17,308,323 |
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|