DEPOSITS AND PREPAIDS |
6 Months Ended | |||||||||
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Jun. 30, 2026 | ||||||||||
| DEPOSITS AND PREPAIDS | NOTE 5 – DEPOSITS AND PREPAIDS
As of June 30, 2024, the Company has deposits and prepaids of $1,226,313. The deposits and prepaids primarily comprise advance payments and refundable deposits made in the ordinary course of the Company’s operations and project development activities. These balances include:
Management reviews these balances periodically and believes that the deposits and prepaid amounts are recoverable and will either be utilized against future services and expenditures or refunded in accordance with the terms of the underlying agreements.
A significant portion of the balance relates to advance payments made in support of the Company’s mining and mineral processing projects in Nigeria, including exploration, engineering, permitting, equipment procurement, and project
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