v3.26.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 2 Months Ended 6 Months Ended 12 Months Ended
Dec. 31, 2023
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Dec. 31, 2024
Cash Flows from Operating Activities:          
Net loss $ (334,678) $ (8,775,295) $ (7,835,939) $ (21,909,914) $ (11,637,637)
Adjustment to reconcile net loss to cash used in operating activities:          
Accretion of asset retirement obligation 1,103,000 871,000 1,910,000 1,037,000
Loss on extinguishment of debt   875,609    
Depreciation 36,404 17,977 54,799 41,768
Non-Cash Interest Expense 458,619
Change in fair value of liabilities (2,910,316) 1,955,000 4,470,596
Stock-based compensation expense 473,170 362,093 1,162,531
Day one loss on accounting of convertible notes     1,604,305
Operating and prepaid expenses paid by related party 418,669     1,682,444
Changes in operating assets and liabilities:          
Prepaid expenses and other current assets (83,991) (1,495,369) (125,529) (905,110) (174,210)
Other receivables (267,383) (7,481) (5,229) (2,303)
Other assets   (55,330)    
Accounts receivable – related party   (318,801) (90,499)    
Accounts payable 1,545,094 664,371 6,267,754 1,870,285
Accounts payable – related party 1,663,440 (1,313,336) (1,905,807)
Accrued expenses and other liabilities 2,479,286 544,712 (1,308,886) 948,335
Token liability   24,245    
Net cash used in operating activities (5,622,246) (4,499,012) (10,564,959) (6,234,318)
Cash Flows from Investing Activities:          
Purchase of fixed assets (2,798) (2,846) (355,277)
Investment in intangible assets     (93,889)
Net cash used in investing activities (2,798) (96,735) (355,277)
Cash Flows from Financing Activities:          
Proceeds from convertible notes 4,900,000 1,823,243 7,592,396 2,850,000
Repayment of convertible notes and loans (182,251) (1,627,020) (377,152)
Proceeds from Business Combination 13,264 13,264
Proceeds from Issuance of Class A ordinary shares 657,722 2,870,496 5,227,641 3,628,191
Proceeds from loan     648,000
Net cash provided by financing activities 5,375,471 4,707,003 11,206,281 6,749,039
Effect of exchange rate changes on cash and cash equivalents 158,974 (68,051) (35,702) 11,113
Net (decrease) increase in cash (87,801) 137,142 508,885 170,557
Cash, beginning of period 679,442 170,557 170,557
Cash, end of period 591,641 307,699 679,442 170,557
Supplemental cash flow information:          
Interest paid 36,406 36,406
Taxes paid      
Noncash investing and financing activities:          
Accounts payable, accrued liabilities and other current liabilities combined 3,013,837 3,013,837
Convertible notes payable combined 770,000 770,000
Non-cash issuance of warrants 149,695   1,037,500
Conversion of convertible notes and loans into ordinary shares, including accrued interest   4,925,671    
Warrant liabilities combined $ 230,000 230,000
Acquisition of mineral rights in exchange for certain obligations     30,100,000
Acquisition of property, plant and equipment, net in exchange for certain obligations     2,600,000
Assumption of royalty payable in exchange for mineral rights and property, plant and equipment, net     2,700,000
Assumption of contingent consideration liability in exchange for mineral rights and property, plant and equipment, net     17,100,000
Assumption of asset retirement obligation in connection with obtaining mineral rights and property, plant and equipment     12,900,000
Conversion of June and July Notes to Class A ordinary shares     4,137,288
Conversion of Senior Convertible Notes including accrued interest     $ 917,016