v3.26.3
Subsequent Event
9 Months Ended
Sep. 30, 2026
Subsequent Event  
Subsequent Event

NOTE 11 - Subsequent Event

In October 2026, the Company executed agreements to purchase three tracts of land (and related personal property) within the Richmond Hill Project area for total consideration of $10.4 million; $9.4 million payable in cash and $1.0 million payable in Company’s common shares. The closing of the purchase of the first tract of land occurred in October 2026 for cash consideration of $2.8 million. The closing of the remaining purchases may occur any time prior to July 2, 2029 at the election of the seller. For any purchase that has not closed by July 1, 2028, the Company may elect to close at any date prior to July 2, 2029. The land purchases will be recorded as additions to our mineral rights and properties upon closing of each transaction.