Reclamation deposits |
6 Months Ended | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2026 | |||||||||||||||
| Notes and other explanatory information [abstract] | |||||||||||||||
| Reclamation deposits | 6. Reclamation deposits
On August 25, 2025, the Company disposed of MRG (Note 5). Pursuant to the agreement, the Company paid $9,000,000 in October 2025 to the purchaser who took over the reclamation bond requirement of MRG.
During the year ended December 31, 2025, the Nevada Division of Environmental Protection (“NDEP”) reviewed and revised their estimate of reclamation costs at Goldwedge which is used to determine the required surety in place. This revised estimate required the Company to increase the surety to $969,350. As of June 30, 2026, the Company had a surety bond balance of $1,154,920 (December 31, 2025 - $1,134,836) for Goldwedge, which is sufficient to cover the request. |