v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash $ 591,641 $ 679,442
Prepaid expenses and other current assets 3,198,769 1,703,447
Other receivables 271,129 7,766
Digital assets 9,365
Advance to related parties 848,749 529,948
Total current assets 4,919,653 2,920,603
Property, plant and equipment, net 2,825,169 2,861,586
Other assets 55,330
Mineral rights 32,086,000 32,086,000
Intangible assets 93,889 93,889
Total assets 39,980,041 37,962,078
Current liabilities    
Accounts payable 9,800,202 8,163,927
Accrued expenses and other current liabilities 4,690,496 2,384,779
Token liability 33,610
Advances payable 648,000 648,000
Convertible notes payable 5,158,107 3,468,563
Total current liabilities 22,772,723 15,220,416
Equity-linked share issuance liability 228,221 426,000
Warrants liabilities 1,105,150 4,843,800
Royalty obligation 2,700,000 2,700,000
Contingent consideration liability 17,100,000 17,100,000
Asset retirement obligation 18,936,000 17,833,000
Total liabilities 62,842,094 58,123,216
Commitments and contingencies (Note 16)
Stockholders’ deficit    
Additional paid in capital 22,240,227 16,034,831
Subscription receivables (2,480,727) (2,480,727)
Accumulated deficit (42,657,524) (33,882,229)
Accumulated other comprehensive income 31,641 163,519
Total stockholders’ deficit (22,862,053) (20,161,138)
Total liabilities and stockholders’ deficit 39,980,041 37,962,078
Class A Ordinary Shares    
Stockholders’ deficit    
Class A ordinary Shares, $0.0001 par value; 400,000,000 authorized and 43,301,723 and 34,677,492 issued and outstanding at June 30, 2026, and December 31, 2025, respectively 4,330 3,468
Related Party    
Current liabilities    
Accounts payable- related party, net $ 2,442,308 $ 555,147