v3.26.3
Unaudited Condensed Interim Consolidated Statements of Cash Flows - USD ($)
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows provided by (used in):    
Net loss for period $ (20,752,585) $ (9,124,928)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 1,128,388 5,081,405
Depreciation expense 90,964 20,522
Changes in operating assets and liabilities:    
Prepaid expenses (1,128,695) 22,847
Accounts payable and accrued liabilities 3,209,243 359,279
Net change in operating lease assets and liabilities 14,858 (10,430)
Other assets and liabilities, net (512,242) 15,128
Net cash flows used in operating activities (17,950,069) (3,636,177)
Investing activities    
Asset purchase – Montana Tunnels Mining Inc. (35,675,808)
Acquisition of mineral rights - Great Republic (570,425)
Acquisition of mineral rights - Goldsmith (1,006,851)
Acquisition of Ferry Lane (750,000)
Purchase property and equipment (1,139,668) (163,943)
Net cash flows used in investing activities (37,385,901) (1,920,794)
Financing activities    
Warrant exercises 900,000 4,669,177
Proceeds from issuance of common stock, net of costs 1,912,078
Proceeds from IPO, net of costs 55,084,383
Net cash flows provided by financing activities 55,984,383 6,581,255
Net increase in cash and restricted cash 648,413 1,024,284
Cash and restricted cash, beginning of year 10,780,736 481,418
Cash and restricted cash, end of period 11,429,149 1,505,702
Supplemental disclosure of noncash investing and financing activities    
Obligation for acquisition of Great Republic mineral property (see Note 6) 4,000,000
Shares to be issued Lane F (see Note 6) $ 2,265,000