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<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 17pt"></td><td style="width: 18.45pt">1.</td><td id="xdx_827_zrtingyx0hBi">Nature of Operations</td></tr></table> Silver Bow Mining Corp. (the “Company” or “Silver Bow” or “SBM”) was incorporated on August 31, 2020 under the laws of the province of Ontario, Canada, under the name Blackjack Silver Corp. On February 18, 2025, the Company’s name was changed to Silver Bow Mining Corp., and on May 27, 2025 it continued its incorporation to the province of British Columbia. The Company’s registered office is located at 1200-750 West Pender Street, Vancouver, BC V6C 2T8, and its corporate headquarters is located at 1401 Idaho Street, Butte, Montana 59701. The Company is engaged in the acquisition, exploration, and development of mineral resource properties in Butte, Montana, USA. The Company’s primary business objective is to identify and evaluate prospective properties with the potential for future extraction and commercialization. As of September 30, 2026, the Company is in the exploration stage and has not commenced commercial production or established mineral reserves. The Company acquires its mineral properties through leases and ownership of patented mining claims and capitalizes acquisition costs related to the properties. The underlying value of the amounts recorded as mineral properties does not reflect current or future values. The Company’s continued existence depends on discovering economically recoverable mineral reserves and obtaining the necessary funding to advance these properties.

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 17pt"></td><td style="width: 18.45pt">2.</td><td id="xdx_828_zWGhaGtZFySg">Basis of Presentation and Use of Estimates</td></tr></table> These unaudited condensed interim financial statements (“Financial Statements”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) pursuant to the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) for interim financial information and are presented in United States dollars, unless otherwise indicated. The results reported in these Financial Statements are not necessarily indicative of the results that may be reported for the entire year. Accordingly, these Financial Statements should be read in conjunction with the audited consolidated financial statements and accompanying notes for the year ended December 31, 2025, which can be found in the Company’s Registration Statement on Form S-1/A filed with the SEC on April 21, 2026. In the opinion of the Company’s management, the accompanying unaudited interim consolidated financial statements contain all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the consolidated balance sheet as of September 30, 2026, the consolidated statements of operations, changes in stockholders’ equity, and cash flows for the three and nine-month periods ended September 30, 2026 and 2025. As of September 30, 2026, the Company had cash and cash equivalents of $9,890,538. Based on the current liquidity position and planned expenditures, management believes the Company has sufficient resources to meet its obligations as they become due within twelve months from the issuance date of these Financial Statements, which have been prepared on a going concern basis. The interim Financial Statements include the accounts of the Company and its subsidiaries. All intercompany balances and transactions have been eliminated on consolidation. These Financial Statements include the accounts of the Company and following wholly owned subsidiaries: Schedule of wholly owned subsidiaries <table cellpadding="0" cellspacing="0" style="width: 92%; border-collapse: collapse; font-size: 10pt; margin-left: 35.45pt"> <tr style="vertical-align: top"> <td style="border: Black 1pt solid; width: 46%; padding-right: 5.4pt; text-align: justify; padding-left: 5.4pt">Entity name</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Incorporated</td> <td style="border: Black 1pt solid; width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">With Effect From </td></tr> <tr style="vertical-align: top"> <td id="xdx_980_edei--ParentEntityLegalName_c20260101__20260930__srt--ConsolidatedEntitiesAxis__custom--OwnedSubsidiariesOneMember_zcYuOJlXCVbf" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt" title="Entity name">SBM Montana LLC (formerly known as Butte Blackjack Operating, LLC)</td> <td id="xdx_98F_ecustom--EntityIncorporationJurisdictionStateCountryName_c20260101__20260930__srt--ConsolidatedEntitiesAxis__custom--OwnedSubsidiariesOneMember_z0MIkZ58Bdj5" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify" title="Incorporated">Delaware, USA</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">August 29, 2023</td></tr> <tr style="vertical-align: top"> <td id="xdx_984_edei--ParentEntityLegalName_c20260101__20260930__srt--ConsolidatedEntitiesAxis__custom--OwnedSubsidiariesTwoMember_z2gmfZYLmLFi" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt" title="Entity name">Ferry Lane Limited </td> <td id="xdx_982_ecustom--EntityIncorporationJurisdictionStateCountryName_c20260101__20260930__srt--ConsolidatedEntitiesAxis__custom--OwnedSubsidiariesTwoMember_zL9Np7gFjaBd" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify" title="Incorporated">British Virgin Islands</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">March 21, 2024</td></tr> <tr style="vertical-align: top"> <td id="xdx_986_edei--ParentEntityLegalName_c20260101__20260930__srt--ConsolidatedEntitiesAxis__custom--OwnedSubsidiariesThreeMember_zHMVLU7TWkO9" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt" title="Entity name">Ferry Lane Management LLC </td> <td id="xdx_984_ecustom--EntityIncorporationJurisdictionStateCountryName_c20260101__20260930__srt--ConsolidatedEntitiesAxis__custom--OwnedSubsidiariesThreeMember_z795824c8rRe" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify" title="Incorporated">Wyoming, USA </td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">May 24, 2024</td></tr> <tr style="vertical-align: top"> <td id="xdx_984_edei--ParentEntityLegalName_c20260101__20260930__srt--ConsolidatedEntitiesAxis__custom--OwnedSubsidiariesFourMember_zySFybJic8al" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt" title="Entity name">SBM Properties LLC</td> <td id="xdx_986_ecustom--EntityIncorporationJurisdictionStateCountryName_c20260101__20260930__srt--ConsolidatedEntitiesAxis__custom--OwnedSubsidiariesFourMember_zDQtPTUQihTe" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify" title="Incorporated">Montana, USA</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">February 13, 2025</td></tr> </table> The Company consolidates entities over which it has a controlling financial interest, generally through ownership of a majority of the voting interests, in accordance with Accounting Standards Codification (“ASC”) 810, Consolidation. In preparing these interim Financial Statements, management has made estimates and assumptions that affect the applicability of the Company’s accounting policies. Significant estimates and critical judgments were the same as those applied to the audited consolidated financial statements at and for the years ended December 31, 2025 and 2024. Certain prior year amounts have been reclassified for consistency with the current period presentation.

9890538

These Financial Statements include the accounts of the Company and following wholly owned subsidiaries: Schedule of wholly owned subsidiaries <table cellpadding="0" cellspacing="0" style="width: 92%; border-collapse: collapse; font-size: 10pt; margin-left: 35.45pt"> <tr style="vertical-align: top"> <td style="border: Black 1pt solid; width: 46%; padding-right: 5.4pt; text-align: justify; padding-left: 5.4pt">Entity name</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Incorporated</td> <td style="border: Black 1pt solid; width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">With Effect From </td></tr> <tr style="vertical-align: top"> <td id="xdx_980_edei--ParentEntityLegalName_c20260101__20260930__srt--ConsolidatedEntitiesAxis__custom--OwnedSubsidiariesOneMember_zcYuOJlXCVbf" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt" title="Entity name">SBM Montana LLC (formerly known as Butte Blackjack Operating, LLC)</td> <td id="xdx_98F_ecustom--EntityIncorporationJurisdictionStateCountryName_c20260101__20260930__srt--ConsolidatedEntitiesAxis__custom--OwnedSubsidiariesOneMember_z0MIkZ58Bdj5" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify" title="Incorporated">Delaware, USA</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">August 29, 2023</td></tr> <tr style="vertical-align: top"> <td id="xdx_984_edei--ParentEntityLegalName_c20260101__20260930__srt--ConsolidatedEntitiesAxis__custom--OwnedSubsidiariesTwoMember_z2gmfZYLmLFi" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt" title="Entity name">Ferry Lane Limited </td> <td id="xdx_982_ecustom--EntityIncorporationJurisdictionStateCountryName_c20260101__20260930__srt--ConsolidatedEntitiesAxis__custom--OwnedSubsidiariesTwoMember_zL9Np7gFjaBd" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify" title="Incorporated">British Virgin Islands</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">March 21, 2024</td></tr> <tr style="vertical-align: top"> <td id="xdx_986_edei--ParentEntityLegalName_c20260101__20260930__srt--ConsolidatedEntitiesAxis__custom--OwnedSubsidiariesThreeMember_zHMVLU7TWkO9" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt" title="Entity name">Ferry Lane Management LLC </td> <td id="xdx_984_ecustom--EntityIncorporationJurisdictionStateCountryName_c20260101__20260930__srt--ConsolidatedEntitiesAxis__custom--OwnedSubsidiariesThreeMember_z795824c8rRe" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify" title="Incorporated">Wyoming, USA </td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">May 24, 2024</td></tr> <tr style="vertical-align: top"> <td id="xdx_984_edei--ParentEntityLegalName_c20260101__20260930__srt--ConsolidatedEntitiesAxis__custom--OwnedSubsidiariesFourMember_zySFybJic8al" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt" title="Entity name">SBM Properties LLC</td> <td id="xdx_986_ecustom--EntityIncorporationJurisdictionStateCountryName_c20260101__20260930__srt--ConsolidatedEntitiesAxis__custom--OwnedSubsidiariesFourMember_zDQtPTUQihTe" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify" title="Incorporated">Montana, USA</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">February 13, 2025</td></tr> </table> SBM Montana LLC (formerly known as Butte Blackjack Operating, LLC) Delaware, USA 2023-08-29 Ferry Lane Limited British Virgin Islands 2024-03-21 Ferry Lane Management LLC Wyoming, USA 2024-05-24 SBM Properties LLC Montana, USA 2025-02-13

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 17pt"></td><td style="width: 18.45pt">3.</td><td id="xdx_822_zdGrVPLo1O9i">Significant Accounting Policies and Recently Issued Accounting Standards</td></tr></table> The significant accounting policies applied in the preparation of these Financial Statements are consistent with the accounting policies disclosed in Note 2 of the Company’s audited consolidated Financial Statements for the years ended December 31, 2025 and 2024 included within the Company’s Registration Statement on Form S-1/A filed with the SEC on April 24, 2026. Recently issued accounting standards are consistent with the disclosures in Note 2 of the audited consolidated Financial Statements for the years ended December 31, 2025 and 2024 included within Company’s Registration Statement on Form S-1/A filed with the SEC on April 24, 2026.

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 17pt"></td><td style="width: 18.45pt">4.</td><td id="xdx_825_zeTOW6o5PfF5">Financial Instruments </td></tr></table> Financial assets and liabilities are recognized when the Company becomes a party to the contractual provisions of the instrument. The Company measures certain financial instruments at fair value on a recurring basis, defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company categorizes its fair value measurements using a three-level hierarchy: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 53.7pt"></td><td style="width: 18pt">●</td><td style="text-align: justify">Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 53.7pt; text-align: justify"></td><td style="width: 18pt; text-align: justify">●</td><td style="text-align: justify">Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 53.7pt; text-align: justify"></td><td style="width: 18pt; text-align: justify">●</td><td style="text-align: justify">Level 3: Unobservable inputs for the asset or liability, based on the Company’s own assumptions.</td></tr></table> The classification of a financial instrument within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. Financial liabilities are measured at amortized costs unless they are elected to be or required to be measured at fair value through profit and loss. The Company’s cash and cash equivalents are carried on the balance sheet at cost due to their short-term nature. Restricted cash is carried on the balance sheet at cost with any subsequent interest income recognized in other income on the consolidated statements of operations.

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">5.</td><td id="xdx_825_zjk8tms4KrJ6">Property & Equipment, (net) </td></tr></table> Property and equipment consist of the following: Schedule of property and equipment <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 92%; margin-left: 0.4in; margin-right: 0.5in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">September 30,</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31,</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 62%; text-align: left">Computers, fixtures and office equipment</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20260930__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ComputersFixturesAndOfficeEquipmentMember_zwAf7nSPfiec" style="width: 12%; text-align: right" title="Total Property and Equipment">634,728</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_984_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ComputersFixturesAndOfficeEquipmentMember_z92fZiDUVOs7" style="width: 12%; text-align: right" title="Total Property and Equipment">158,591</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Vehicles</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20260930__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--VehiclesMember_zydfCkoLXHGg" style="text-align: right" title="Total Property and Equipment">378,345</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--VehiclesMember_zSfUF80vCmC5" style="text-align: right" title="Total Property and Equipment">174,274</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Software</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20260930__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SoftwareMember_zITNMDy2w4J8" style="text-align: right" title="Total Property and Equipment">219,853</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SoftwareMember_zHrYa3W0oxK9" style="text-align: right" title="Total Property and Equipment">75,728</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Land Improvements</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20260930__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LandImprovementsMember_zIaUfeVYsCej" style="text-align: right" title="Total Property and Equipment">256,096</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LandImprovementsMember_zNqcqB5EE6g7" style="text-align: right" title="Total Property and Equipment">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Leasehold improvements</td><td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20260930__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember_z31TnmlWwdn6" style="border-bottom: Black 1pt solid; text-align: right" title="Total Property and Equipment">59,239</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember_zDVui1lxwi5b" style="border-bottom: Black 1pt solid; text-align: right" title="Total Property and Equipment">-</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Total Property and Equipment</td><td> </td> <td style="text-align: left">$</td><td id="xdx_984_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20260930_zT32COFzxmsd" style="text-align: right" title="Total Property and Equipment">1,548,261</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98F_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20251231_zp2C05WoOXR6" style="text-align: right" title="Total Property and Equipment">408,593</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Less: Accumulated Depreciation</td><td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNI_di_c20260930_zVoGdxZYXOs5" style="border-bottom: Black 1pt solid; text-align: right" title="Less: Accumulated Depreciation">(246,088</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNI_di_c20251231_zB1b2JkXCEj4" style="border-bottom: Black 1pt solid; text-align: right" title="Less: Accumulated Depreciation">(155,124</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total Property and Equipment (net)</td><td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_985_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20260930_zXwo8dr8tM3e" style="border-bottom: Black 2.5pt double; text-align: right" title="Total Property and Equipment (net)">1,302,173</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_986_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20251231_zrRbQMyHaroh" style="border-bottom: Black 2.5pt double; text-align: right" title="Total Property and Equipment (net)">253,469</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table> Depreciation expense was $46,668 and $8,530 for the three months ended September 30, 2026 and 2025, respectively. Depreciation expense was $90,964 and $20,522 for the nine months ended September 30, 2026 and 2025, respectively and is included in the depreciation expense in the consolidated statements of operations.

Property and equipment consist of the following: Schedule of property and equipment <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 92%; margin-left: 0.4in; margin-right: 0.5in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">September 30,</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31,</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 62%; text-align: left">Computers, fixtures and office equipment</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20260930__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ComputersFixturesAndOfficeEquipmentMember_zwAf7nSPfiec" style="width: 12%; text-align: right" title="Total Property and Equipment">634,728</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_984_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ComputersFixturesAndOfficeEquipmentMember_z92fZiDUVOs7" style="width: 12%; text-align: right" title="Total Property and Equipment">158,591</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Vehicles</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20260930__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--VehiclesMember_zydfCkoLXHGg" style="text-align: right" title="Total Property and Equipment">378,345</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--VehiclesMember_zSfUF80vCmC5" style="text-align: right" title="Total Property and Equipment">174,274</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Software</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20260930__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SoftwareMember_zITNMDy2w4J8" style="text-align: right" title="Total Property and Equipment">219,853</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SoftwareMember_zHrYa3W0oxK9" style="text-align: right" title="Total Property and Equipment">75,728</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Land Improvements</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20260930__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LandImprovementsMember_zIaUfeVYsCej" style="text-align: right" title="Total Property and Equipment">256,096</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LandImprovementsMember_zNqcqB5EE6g7" style="text-align: right" title="Total Property and Equipment">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Leasehold improvements</td><td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20260930__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember_z31TnmlWwdn6" style="border-bottom: Black 1pt solid; text-align: right" title="Total Property and Equipment">59,239</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember_zDVui1lxwi5b" style="border-bottom: Black 1pt solid; text-align: right" title="Total Property and Equipment">-</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Total Property and Equipment</td><td> </td> <td style="text-align: left">$</td><td id="xdx_984_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20260930_zT32COFzxmsd" style="text-align: right" title="Total Property and Equipment">1,548,261</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98F_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20251231_zp2C05WoOXR6" style="text-align: right" title="Total Property and Equipment">408,593</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1pt">Less: Accumulated Depreciation</td><td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNI_di_c20260930_zVoGdxZYXOs5" style="border-bottom: Black 1pt solid; text-align: right" title="Less: Accumulated Depreciation">(246,088</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNI_di_c20251231_zB1b2JkXCEj4" style="border-bottom: Black 1pt solid; text-align: right" title="Less: Accumulated Depreciation">(155,124</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total Property and Equipment (net)</td><td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_985_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20260930_zXwo8dr8tM3e" style="border-bottom: Black 2.5pt double; text-align: right" title="Total Property and Equipment (net)">1,302,173</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_986_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20251231_zrRbQMyHaroh" style="border-bottom: Black 2.5pt double; text-align: right" title="Total Property and Equipment (net)">253,469</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table>

634728

158591

378345

174274

219853

75728

256096

59239

1548261

408593

246088

155124

1302173

253469

46668

8530

90964

20522

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">6.</td><td id="xdx_82D_zF5YyMOCGaU9">Mineral Rights and Properties </td></tr></table> As of September 30, 2026, the Company held patented mineral and surface rights in Montana, USA. These mineral and surface rights were acquired through asset acquisitions during 2023, 2024, and 2025. The Company is required to make annual property tax payments of approximately $13,000 to maintain these properties. Goldsmith Block In February 2025, the Company closed a purchase from a third party for certain patented mining claims known as the Goldsmith Block, for a purchase price of $1,006,851. Ferry Lane In September 2023, the Company entered into a Definitive Agreement, amended November 15, 2023 and January 15, 2024, for the acquisition of all of the outstanding shares of Ferry Lane (“FL”), a British Virgin Islands corporation. Subsequent to the FL acquisition, several disagreements and legal actions arose in relation to the acquisition. To settle these claims, the Company entered into an Asset Purchase and Release Agreement with Lane F Holdings LLC (“Lane F”) on September 19, 2024 for consideration of $3,065,000. As a result, all pending litigation and arbitration actions were dismissed. On April 30, 2025, the stated value of the Lane F promissory note was $3,065,000, which Lane F elected to receive $<span id="xdx_90D_ecustom--PromissoryNoteStatedValue_iI_uUSD_c20250430__us-gaap--CashAndCashEquivalentsAxis__us-gaap--CashMember__dei--LegalEntityAxis__custom--LaneFMember_zYoerisXC7R4" title="Promissory note stated value">750,000 in cash and $<span id="xdx_909_ecustom--PromissoryNoteStatedValue_iI_uUSD_c20250430__us-gaap--CashAndCashEquivalentsAxis__custom--ReimbursementOfCostsInCashMember__dei--LegalEntityAxis__custom--LaneFMember_zPxkiG3xQkL4" title="Promissory note stated value">50,000 as a reimbursement of costs (“cash component”), with the remaining balance in shares to be issued valued at $4.50 per share. Of the cash component, $250,000 was paid on April 30, 2025 and $50,000 was paid on April 25, 2025. Total common shares of 503,333, valued at $2,265,000, were issued on July 1, 2025 while final payment of the cash component of the $500,000, including accrued interest of $12,491, was made on July 14, 2025. Great Republic On January 23, 2026, the Company acquired approximately 805 acres of surface lands and approximately 846 acres of mineral rights on property contiguous with the Goldsmith Block, referred to as the “Great Republic” block. The purchase was structured with an initial $570,425 down payment upon execution, including costs, followed by three annual $500,000 installments plus 3% annual accrued interest in January 2027, 2028 and 2029, concluding with a final balloon payment of $2,500,000 plus any remaining accrued interest by January 23, 2030. As of September 30, 2026 and December 31, 2025, the activity of these mineral rights and properties was as follows: Schedule mineral rights and properties <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 93%; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Amount</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 85%; font-weight: bold; text-align: justify; padding-left: 0.75pt">Balance, December 31, 2024</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td id="xdx_985_eus-gaap--MineralPropertiesNet_iS_c20250101__20251231_zt5XocIOk6fd" style="width: 12%; font-weight: bold; text-align: right" title="Beginning balance">37,254,528</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1pt; padding-left: 0.75pt">Additions during 2025</td><td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98B_ecustom--MineralPropertiesAdditionsRecovery_uUSD_c20250101__20251231_z14tw59n41O1" style="border-bottom: Black 1pt solid; text-align: right" title="Additions during the year">1,006,851</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify; padding-left: 0.75pt">Balance, December 31, 2025</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_981_eus-gaap--MineralPropertiesNet_iS_c20260101__20260930_zcnSzZO32yY7" style="font-weight: bold; text-align: right" title="Beginning balance">38,261,379</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1pt; padding-left: 0.75pt">Additions during the period</td><td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_ecustom--MineralPropertiesAdditionsRecovery_uUSD_c20260101__20260930_zENqnMivDK8i" style="border-bottom: Black 1pt solid; text-align: right" title="Additions during the year">4,570,425</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify; padding-bottom: 2.5pt; padding-left: 0.75pt">Balance, September 30, 2026</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_98D_eus-gaap--MineralPropertiesNet_iE_c20260101__20260930_zFvw3B6ALN0g" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Ending balance">42,831,804</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td></tr> </table>

13000 1006851

3065000

3065000 750000 50000 4.50 250000 50000 503333 2265000 500000 12491

570425

500000

0.03

2500000

As of September 30, 2026 and December 31, 2025, the activity of these mineral rights and properties was as follows: Schedule mineral rights and properties <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 93%; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Amount</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 85%; font-weight: bold; text-align: justify; padding-left: 0.75pt">Balance, December 31, 2024</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td id="xdx_985_eus-gaap--MineralPropertiesNet_iS_c20250101__20251231_zt5XocIOk6fd" style="width: 12%; font-weight: bold; text-align: right" title="Beginning balance">37,254,528</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1pt; padding-left: 0.75pt">Additions during 2025</td><td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98B_ecustom--MineralPropertiesAdditionsRecovery_uUSD_c20250101__20251231_z14tw59n41O1" style="border-bottom: Black 1pt solid; text-align: right" title="Additions during the year">1,006,851</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify; padding-left: 0.75pt">Balance, December 31, 2025</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td id="xdx_981_eus-gaap--MineralPropertiesNet_iS_c20260101__20260930_zcnSzZO32yY7" style="font-weight: bold; text-align: right" title="Beginning balance">38,261,379</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1pt; padding-left: 0.75pt">Additions during the period</td><td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_ecustom--MineralPropertiesAdditionsRecovery_uUSD_c20260101__20260930_zENqnMivDK8i" style="border-bottom: Black 1pt solid; text-align: right" title="Additions during the year">4,570,425</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify; padding-bottom: 2.5pt; padding-left: 0.75pt">Balance, September 30, 2026</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_98D_eus-gaap--MineralPropertiesNet_iE_c20260101__20260930_zFvw3B6ALN0g" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Ending balance">42,831,804</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td></tr> </table>

37254528

1006851

38261379

4570425

42831804

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">7.</td><td id="xdx_82D_zxeoxHRUKGp6">Pending Acquisition of Assets of Montana Tunnels Mining, Inc. </td></tr></table> On August 21, 2026, the Company entered into an Asset Purchase Agreement (the “Purchase Agreement”) with Montana Tunnels Mining Inc. (MTMI). Under the Purchase Agreement, the Company agreed to acquire assets and rights comprising the Montana Tunnels Mine and milling complex (“MT Mine”), including related mineral and real property interests, improvements, tangible personal property, water rights, permits, books and records, intellectual property, and other specified assets, together with certain liabilities associated with the acquired assets, as described in the Purchase Agreement. Assets excluded from the transaction include the Diamond Hill Mine (“DH Mine”) and certain real property not associated with the MT Mine operations. MTMI will retain rights to process ores generated from the DH Mine and an affiliate’s mine through the milling complex under a cost-plus arrangement. MTMI will retain liabilities not specifically assumed by the Company, subject to their treatment and potential discharge in the Chapter 11 proceeding, noted below. The Purchase Agreement provides for a staged closing process and contemplates that the acquired assets will be transferred to the Company free and clear of liens and encumbrances, other than certain permitted encumbrances, pursuant to orders of the Bankruptcy Court. The closing process includes an initial close, which was completed by SBM funding approximately $28.6 million into escrow for the satisfaction of specified obligations associated with the acquired assets and liabilities, including approximately $20.8 million payable to the Montana Department of Environmental Quality and approximately $4.27 million payable to Jefferson County, Montana. The final closing involves the transfer of 3,500,000 of Contingent Value Rights (“CVRs”) to MTMI shareholders, along with 11,500,000 of deferred CVR’s that may vest in future periods as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.75in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">6,250,000 CVR’s upon the earlier of a positive construction decision on the MT Mine pit expansion or nine months following completion of an MT Mine pit feasibility study which demonstrates positive economics for the project.</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.75in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">5,250,000 CVR’s upon the earlier of the achievement of the MT Mine pit commercial production milestone or 36 months following a construction decision by the Company on the MT Mine pit expansion, subject to specified extensions.</td></tr></table> Each CVR is convertible into one share of SBM common stock. In September 2026, an agreement was reached whereby SBM loaned $5 million to MTMI shareholders in exchange for secured notes that will be settled and paid in full by the surrender of 1,155,562 of the CVRs due at the final close, which will result in a net 2,344,438 of CVRs being outstanding. On July 27, 2026, MTMI filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Montana. The Chapter 11 proceeding was initiated to facilitate the sale of certain MTMI assets and address outstanding obligations as part of the Purchase Agreement. On September 4, 2026, the Bankruptcy Court granted a motion for structured dismissal of the Chapter 11 case. In connection with the transaction, approximately $35.7 million was paid by the Company during the third quarter of 2026, which includes the $28.6 million escrow payment, the $5 million payment to MTMI shareholders for a secured note to be settled through the surrender of CVRs, a $1 million payment as an exclusivity fee upon beginning negotiations, and approximately $1.1 million of transaction-related expenses. The $35.7 million paid during the third quarter 2026 is recognized in Deposits – Montana Tunnels Mining Inc. pending final closing of the transaction, expected before the end of 2026.

28600000

20800000

4270000

3500000 11500000

5000000

1155562 2344438

28600000

5000000

1000000 1100000 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">8.</td><td id="xdx_82A_zenHWtbnT8A8">Environmental Remediation Reserve and Reclamation Deposit</td></tr></table> The Company’s environmental remediation reserve consists of estimated environmental remediation obligations, which include decommissioning and removal of plant and equipment and site remediation costs. This obligation is a result of an application for an exploration license by SBM Montana LLC, granted in October 2021. The Company estimated this reserve at inception and updates it periodically for changes in estimated incurred remediation costs. <p id="xdx_89F_ecustom--ScheduleOfEnvironmentalRemediationLiabilitiesAndAssetRetirementObligationsTableTextBlock_z4ikvs0csy83" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">As required by the Montana Department of Environmental Quality, the Company was required to provide a bond for reclamation related to the exploration license. The Company paid $225,788 in 2023 and an additional $1,312,823 on May 26, 2026 for a total of $1,538,611, which is held on deposit by the Montana Department of Environmental Quality and is classified as restricted cash as part of non-current assets on the Consolidated Balance Sheets. The remediation reserve and reclamation bond balances are as follows: Schedule of remediation reserve and reclamation bond balances <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 93%; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif">At September 30, 2026 and December 31, 2025</td><td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" id="xdx_497_20260930_zGDtuuoJbHl7" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2026</td><td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" id="xdx_495_20251231_zZuRsvQm05E4" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2025</td><td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt"> </td><td style="font-size: 10pt"> </td> <td colspan="2" style="font-size: 10pt; text-align: center">($)</td><td style="font-size: 10pt"> </td><td style="font-size: 10pt"> </td> <td colspan="2" style="font-size: 10pt; text-align: center">($)</td><td style="font-size: 10pt"> </td></tr> <tr id="xdx_405_eus-gaap--AccruedCappingClosurePostClosureAndEnvironmentalCosts_iI_zh8zDGNgERS" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; width: 70%; text-align: left">Environmental remediation reserve </td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: right">222,693</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: right">222,693</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--RestrictedCash_iI_ziuKXP6XxwRd" style="vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Restricted cash - reclamation deposit</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,538,611</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">225,788</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> </table> <p id="xdx_89F_ecustom--ScheduleOfEnvironmentalRemediationLiabilitiesAndAssetRetirementObligationsTableTextBlock_z4ikvs0csy83" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">As required by the Montana Department of Environmental Quality, the Company was required to provide a bond for reclamation related to the exploration license. The Company paid $225,788 in 2023 and an additional $1,312,823 on May 26, 2026 for a total of $1,538,611, which is held on deposit by the Montana Department of Environmental Quality and is classified as restricted cash as part of non-current assets on the Consolidated Balance Sheets. The remediation reserve and reclamation bond balances are as follows: Schedule of remediation reserve and reclamation bond balances <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 93%; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif">At September 30, 2026 and December 31, 2025</td><td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" id="xdx_497_20260930_zGDtuuoJbHl7" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2026</td><td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" id="xdx_495_20251231_zZuRsvQm05E4" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2025</td><td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt"> </td><td style="font-size: 10pt"> </td> <td colspan="2" style="font-size: 10pt; text-align: center">($)</td><td style="font-size: 10pt"> </td><td style="font-size: 10pt"> </td> <td colspan="2" style="font-size: 10pt; text-align: center">($)</td><td style="font-size: 10pt"> </td></tr> <tr id="xdx_405_eus-gaap--AccruedCappingClosurePostClosureAndEnvironmentalCosts_iI_zh8zDGNgERS" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; width: 70%; text-align: left">Environmental remediation reserve </td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: right">222,693</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: right">222,693</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--RestrictedCash_iI_ziuKXP6XxwRd" style="vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Restricted cash - reclamation deposit</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1,538,611</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">225,788</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> </table>

222693

1538611

225788

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">9.</td><td id="xdx_82B_zka705yDwFh4">Commitments and Contingencies </td></tr></table> Other than routine litigation incidental to our business, or as described below, the Company is not currently a party to any material pending legal proceedings that management believes would be likely to have a material adverse effect on the Company’s financial position, results of operations, or cash flows. To acquire certain mineral property interests (see Note 6), the Company must make annual property tax payments of approximately $13,000 to maintain the properties. As part of the Ferry Lane acquisition in 2023, the Company granted the seller a 2% Net Smelter Returns royalty (the “NSR Royalty”) on certain mineral properties, specifically the Rainbow Block. The NSR Royalty can be bought out in its entirety until September 19, 2034 for a fixed price of $7,500,000. Thereafter, the price is adjusted to inflation based on the percentage change in the Consumer Price Index for All Urban Consumers for the West Region, as published by the U.S. Bureau of Labor Statistics. The buy-out right has no expiration date.

13000 0.02

7500000

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">10.</td><td>Stockholders’ Equity</td></tr></table> The authorized common stock of the Company consists of an unlimited number of common shares without par value. The Company’s common stock has no par value. All proceeds received for the issuance of common stock are attributed to common stock on the Company’s consolidated balance sheets. The relative fair value of issued share purchase warrants is recognized as part of Additional paid-in capital. 2025 Financings – common shares and warrants On January 6, 2025, the Company closed a financing, raising $101,250 by issuing 22,500 common shares and 11,250 common share purchase warrants with an exercise price of $6.00 with an expiry date of January 6, 2027. On January 14, 2025, the Company closed a financing by issuing 30,000 common shares. On January 22, 2025, the Company closed a financing, raising $90,000 by issuing 20,000 common shares and 10,000 common share purchase warrants with an exercise price of $6.00 with an expiry date of January 22, 2027. On February 10, 2025, the Company closed a financing, raising $136,500 by issuing 30,333 common shares and 15,167 common share purchase warrants with an exercise price of $6.00 with an expiry date of February 10, 2027. On February 20, 2025, the Company closed a financing, raising $687,600 by issuing 152,800 common shares and 76,400 common share purchase warrants with an exercise price of $6.00 with an expiry date of February 20, 2027. On March 10, 2025, the Company closed a financing, raising $896,728 net of issue costs by issuing 206,111 common shares and 103,055 common share purchase warrants with an exercise price of $6.00 with an expiry date of March 10, 2027. 2025 Restricted Stock Units (“RSUs”) On February 1, 2025, the Company granted <span id="xdx_909_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_pid_uShares_c20250130__20250201__srt--TitleOfIndividualAxis__srt--ChiefExecutiveOfficerMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zqsKNGkYQ1b2" title="RSUs granted to CEO">100,000 RSUs to the Chief Executive Officer. These RSUs vested immediately. These RSUs were subsequently distributed on April 1, 2025. 2025 Warrant exercises On February 14, 2025, the Company issued <span id="xdx_900_ecustom--CommonShareIssuedDuringPeriodSharesWarrantsExercised_pid_uShares_c20250213__20250214__us-gaap--AwardTypeAxis__custom--WarrantExercises2025Member_zqhmproIeML5" title="Common Shares Issued Pursuant to Warrant Exercises">1,012,622 common shares pursuant to warrant exercises, raising $<span id="xdx_902_eus-gaap--ProceedsFromWarrantExercises_c20250213__20250214__us-gaap--AwardTypeAxis__custom--WarrantExercises2025Member_z65uqsIs9rXl" title="Proceeds from issuance of common stock and warrant exercises">3,544,177 at a price of $<span id="xdx_90D_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_uUSDPShares_c20250214__us-gaap--AwardTypeAxis__custom--WarrantExercises2025Member_zqnP2ofXAbp" title="Warrant exercise price per share">3.50 per share. On August 11 and 18, 2025, the Company issued <span id="xdx_90C_ecustom--CommonShareIssuedDuringPeriodSharesWarrantsExercised_pid_uShares_c20250810__20250811__us-gaap--AwardTypeAxis__custom--WarrantExercises2025Member_zVVbzLYXYXVf" title="Common Shares Issued Pursuant to Warrant Exercises"><span id="xdx_905_ecustom--CommonShareIssuedDuringPeriodSharesWarrantsExercised_pid_uShares_c20250817__20250818__us-gaap--AwardTypeAxis__custom--WarrantExercises2025Member_zMVzSTxVc8w9" title="Common Shares Issued Pursuant to Warrant Exercises">100,000 common shares pursuant to warrant exercises, raising $<span id="xdx_903_eus-gaap--ProceedsFromWarrantExercises_c20250810__20250811__us-gaap--AwardTypeAxis__custom--WarrantExercises2025Member_zL9NsrTF6CQb" title="Proceeds from issuance of common stock and warrant exercises"><span id="xdx_906_eus-gaap--ProceedsFromWarrantExercises_c20250817__20250818__us-gaap--AwardTypeAxis__custom--WarrantExercises2025Member_zBqawg9T2uDi" title="Proceeds from issuance of common stock and warrant exercises">600,000 at a price of $<span id="xdx_90C_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_uUSDPShares_c20250811__us-gaap--AwardTypeAxis__custom--WarrantExercises2025Member_zTSRvmaOYkdl" title="Warrant exercise price per share"><span id="xdx_902_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_uUSDPShares_c20250818__us-gaap--AwardTypeAxis__custom--WarrantExercises2025Member_zMMRv61w9qsa" title="Warrant exercise price per share">6.00 per share. On September 18, 2025, the Company issued <span id="xdx_90A_ecustom--CommonShareIssuedDuringPeriodSharesWarrantsExercised_pid_uShares_c20250917__20250918__us-gaap--AwardTypeAxis__custom--WarrantExercises2025Member_zi6tNXVBD4h8" title="Common Shares Issued Pursuant to Warrant Exercises">87,499 common shares pursuant to warrant exercises raising $<span id="xdx_90F_eus-gaap--ProceedsFromWarrantExercises_c20250917__20250918__us-gaap--AwardTypeAxis__custom--WarrantExercises2025Member_zxu0bhHPHDrl" title="Proceeds from issuance of common stock and warrant exercises">525,000 at a price of $<span id="xdx_90B_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_uUSDPShares_c20250918__us-gaap--AwardTypeAxis__custom--WarrantExercises2025Member_zwhareJle06j" title="Warrant exercise price per share">6.00 per share. 2026 Financings – initial public offering (“IPO”) On May 1, 2026 the Company completed an IPO of <span id="xdx_900_eus-gaap--CommonStockSharesIssued_iI_pn3n3_dm_uShares_c20260501__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zBUwEla7iom8" title="Common shares issued in initial public offering">5.2 million shares of common stock at a price of $<span id="xdx_902_eus-gaap--CommonStockParOrStatedValuePerShare_iI_pid_uUSDPShares_c20260501__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_z1bmLGSpU5Y5" title="Initial public offering price per common share">11.50 per share. The Company received net proceeds of $<span id="xdx_900_eus-gaap--ProceedsFromIssuanceInitialPublicOffering_c20260429__20260501__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zbvS7pW3b0Id" title="Net proceeds from initial public offering">55,084,383 after deducting underwriting discounts, commissions, and offering expenses. These proceeds are intended to be used to continue exploration of the Company’s mineral deposits, as well as for working capital and general corporate purposes. The common shares sold in the IPO were registered under the Securities Act of 1933, as amended, pursuant to registration statements on Form S-1 (Nos. 333-292928 and 333-295418). The Company’s common shares began trading on the NYSE American LLC on April 30, 2026. 2026 Warrant exercises On January 28, 2026, the Company issued <span id="xdx_902_ecustom--CommonShareIssuedDuringPeriodSharesWarrantsExercised_pid_uShares_c20260127__20260128__us-gaap--AwardTypeAxis__custom--WarrantExercises2026Member_zGBC8JuiKSo2" title="Common Shares Issued Pursuant to Warrant Exercises">4,000 common shares pursuant to warrants exercises, raising $<span id="xdx_90B_eus-gaap--ProceedsFromWarrantExercises_c20260127__20260128__us-gaap--AwardTypeAxis__custom--WarrantExercises2026Member_zKf9cYfS4a2d" title="Proceeds from warrant exercises and issuance of stock options">20,000 at a price of $5.00 per share. On February 20, 2026, the Company issued <span id="xdx_908_ecustom--CommonShareIssuedDuringPeriodSharesWarrantsExercised_pid_uShares_c20260219__20260220__us-gaap--AwardTypeAxis__custom--WarrantExercises2026Member_z5ttWUpTgHL" title="Common Shares Issued Pursuant to Warrant Exercises">8,000 common shares pursuant to warrants exercises, raising $<span id="xdx_90E_eus-gaap--ProceedsFromWarrantExercises_c20260219__20260220__us-gaap--AwardTypeAxis__custom--WarrantExercises2026Member_z6L4bJHQEo3b" title="Proceeds from warrant exercises and issuance of stock options">40,000 at a price of $5.00 per share. On March 18, 2026, the Company issued <span id="xdx_901_ecustom--CommonShareIssuedDuringPeriodSharesWarrantsExercised_pid_uShares_c20260317__20260318__us-gaap--AwardTypeAxis__custom--WarrantExercises2026Member_zFt8WuzVrn8l" title="Common Shares Issued Pursuant to Warrant Exercises">35,000 common shares pursuant to warrants exercises, raising $<span id="xdx_907_eus-gaap--ProceedsFromWarrantExercises_c20260317__20260318__us-gaap--AwardTypeAxis__custom--WarrantExercises2026Member_zvVqytRuCpMc" title="Proceeds from warrant exercises and issuance of stock options">140,000 at a price of $4.00 per share. On March 23, 2026, the Company issued <span id="xdx_90C_ecustom--CommonShareIssuedDuringPeriodSharesWarrantsExercised_pid_uShares_c20260321__20260323__us-gaap--AwardTypeAxis__custom--WarrantExercises2026Member_zZ5y9EMqFZei" title="Common Shares Issued Pursuant to Warrant Exercises">108,000 common shares pursuant to warrants exercises, raising $<span id="xdx_904_eus-gaap--ProceedsFromWarrantExercises_c20260321__20260323__us-gaap--AwardTypeAxis__custom--WarrantExercises2026Member_zrjydSEE8fja" title="Proceeds from warrant exercises and issuance of stock options">540,000 at a price of $5.00 per share. On March 24, 2026, the Company issued <span id="xdx_90D_ecustom--CommonShareIssuedDuringPeriodSharesWarrantsExercised_pid_uShares_c20260322__20260324__us-gaap--AwardTypeAxis__custom--WarrantExercises2026Member_zkm9LUevziG1" title="Common Shares Issued Pursuant to Warrant Exercises">20,000 common shares pursuant to warrants exercises, raising $<span id="xdx_900_eus-gaap--ProceedsFromWarrantExercises_c20260322__20260324__us-gaap--AwardTypeAxis__custom--WarrantExercises2026Member_zLJMGYqrSfC9" title="Proceeds from warrant exercises and issuance of stock options">100,000 at a price of $5.00 per share. On April 26, 2026, the Company issued <span id="xdx_901_ecustom--CommonShareIssuedDuringPeriodSharesWarrantsExercised_pid_uShares_c20260424__20260426__us-gaap--AwardTypeAxis__custom--WarrantExercises2026Member_zFoS7zTcQ8f2" title="Common Shares Issued Pursuant to Warrant Exercises">10,000 common shares pursuant to warrant exercises, raising $<span id="xdx_90F_eus-gaap--ProceedsFromWarrantExercises_c20260424__20260426__us-gaap--AwardTypeAxis__custom--WarrantExercises2026Member_z7b87I4gxMB7" title="Proceeds from warrant exercises and issuance of stock options">60,000 at a price of $6.00 per share.

101250

22500

11250

6.00

30000

90000

20000

10000

6.00

2027-01-22 136500

30333

15167

6.00

687600

152800

76400

6.00

2027-02-20 896728

206111

103055

6.00

2027-03-10

100000

1012622

3544177

3.50

100000 100000

600000

6.00

87499

525000

6.00

5200000

11.50

55084383

4000

20000

5.00

8000

40000

35000

140000

4.00

108000

540000

5.00

20000

100000

5.00

10000

60000

6.00

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left">11.</td><td style="text-align: justify">Stock-based Compensation</td> </tr></table> The Company adopted a Long-Term Incentive Plan (the “LTIP”) under which it is authorized to grant stock options and RSUs to officers, directors, employees, and consultants, enabling them to acquire common shares of the Company. The purpose of the LTIP is to attract, retain and motivate performance. The LTIP is administered by the Board of Directors which determines the terms pursuant to which any awards are granted. The number of shares reserved for issuance under the LTIP cannot exceed 10% of the outstanding common shares at the time of the grant. The options granted have a maximum term of five years and vest as determined by the Board of Directors. The Company also issues warrants related to external financing and officer performance. Total compensation expense recognized for stock-based compensation for the three and nine months ended September 30, 2026 and 2025 was as follows: Schedule of total compensation expense recognized <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 92%; margin-left: 35.45pt"> <tr style="display: none; vertical-align: bottom; visibility: hidden"> <td style="display: none; visibility: hidden"> </td><td style="display: none; font-weight: bold; visibility: hidden"> </td> <td style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td> <td style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td> <td style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td> <td style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td> <td colspan="2" style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td><td style="display: none; font-weight: bold; visibility: hidden"> </td><td style="display: none; font-weight: bold; visibility: hidden"> </td> <td style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td> <td style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td> <td style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td> <td style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td> <td colspan="2" style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td><td style="display: none; font-weight: bold; visibility: hidden"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="6" style="font-weight: bold; text-align: center">Three months ended</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="font-weight: bold; text-align: center">Nine months ended</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: justify"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">September 30,</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">September 30,</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: justify">Financial Statement Line Item</td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 32%; text-align: justify">Management and advisory fees</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_ecustom--ManagementAndAdvisoryFee_c20260701__20260930_z9VKCTdOsWK2" style="width: 12%; text-align: right" title="Management and advisory fees">304,936</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_ecustom--ManagementAndAdvisoryFee_c20250701__20250930_zSkgzS5DlAoa" style="width: 12%; text-align: right" title="Management and advisory fees">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_ecustom--ManagementAndAdvisoryFee_c20260101__20260930_z9VXAjIzoHbc" style="width: 12%; text-align: right" title="Management and advisory fees">979,272</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98F_ecustom--ManagementAndAdvisoryFee_c20250101__20250930_zjW6qta8QP78" style="width: 12%; text-align: right" title="Management and advisory fees">5,005,505</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Salaries and wages</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--SalariesAndWages_c20260701__20260930_zzhQcImcFgY" style="text-align: right" title="Salaries and wages">72,130</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--SalariesAndWages_c20250701__20250930_z99cdbFtCKz6" style="text-align: right" title="Salaries and wages">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--SalariesAndWages_c20260101__20260930_zTuz73i4SPk1" style="text-align: right" title="Salaries and wages">115,354</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--SalariesAndWages_c20250101__20250930_zW3cOwKx04Sl" style="text-align: right" title="Salaries and wages">75,900</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1pt">Professional fees</td><td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_ecustom--ProfessionalFee_c20260701__20260930_zq8Qc8rB7ip2" style="border-bottom: Black 1pt solid; text-align: right" title="Professional fees">32,356</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_ecustom--ProfessionalFee_c20250701__20250930_zccPxKwoF7Pb" style="border-bottom: Black 1pt solid; text-align: right" title="Professional fees">-</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_ecustom--ProfessionalFee_c20260101__20260930_zsqQ3HNZvCHa" style="border-bottom: Black 1pt solid; text-align: right" title="Professional fees">33,762</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_ecustom--ProfessionalFee_c20250101__20250930_zdLwPhb47nC5" style="border-bottom: Black 1pt solid; text-align: right" title="Professional fees">-</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: justify; padding-bottom: 2.5pt">Total stock-based compensation</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_981_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1_c20260701__20260930_zTIgmnSrRW9i" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total stock-based compensation">409,422</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_989_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1_c20250701__20250930_z7yqkiMAHGH5" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total stock-based compensation">-</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_986_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1_c20260101__20260930_z8Rv8wOlw559" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total stock-based compensation">1,128,388</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_982_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1_c20250101__20250930_zJbfHXLA70Ed" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total stock-based compensation">5,081,405</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 92%; margin-left: 35.45pt"> <tr style="display: none; vertical-align: bottom; visibility: hidden"> <td style="display: none; visibility: hidden"> </td><td style="display: none; font-weight: bold; visibility: hidden"> </td> <td style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td> <td id="xdx_49E_20260701__20260930_zYIj6nQIBadc" style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td> <td style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td> <td style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td> <td colspan="2" id="xdx_495_20250701__20250930_zky0LaDeDhv9" style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td><td style="display: none; font-weight: bold; visibility: hidden"> </td><td style="display: none; font-weight: bold; visibility: hidden"> </td> <td style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td> <td id="xdx_49C_20260101__20260930_zloF7wZQffok" style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td> <td style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td> <td style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td> <td colspan="2" id="xdx_491_20250101__20250930_zl4HdKEVzgF6" style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td><td style="display: none; font-weight: bold; visibility: hidden"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="6" style="font-weight: bold; text-align: center">Three months ended</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="font-weight: bold; text-align: center">Nine months ended</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: justify"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">September 30,</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">September 30,</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: justify">Compensation Type</td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td></tr> <tr id="xdx_401_eus-gaap--StockOptionPlanExpense_zql2CzkabxCd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 32%; text-align: justify">Stock options</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">393,626</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">565,919</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">2,130,404</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--RestrictedStockExpense_zqS5vhHkV3Xf" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">RSUs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">15,796</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">26,269</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">270,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--IssuanceOfStockAndWarrantsForServicesOrClaims_zRGxkJWq9wsf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1pt">Warrants</td><td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">536,200</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,681,001</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_408_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationType_z5ggpAmIw5kb" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: justify; padding-bottom: 2.5pt">Total stock-based compensation</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">409,422</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">-</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,128,388</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">5,081,405</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td></tr> </table> Stock Options A summary of stock option activity within the Company’s LTIP plan for the nine months ended September 30, 2026 and 2025 is as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 92%; margin-left: 35pt"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Schedule of stock options </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Number of Stock Options Outstanding</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Weighted Average Exercise Price ($)</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Weighted Average Contractual Life (Years)</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 47%; font-weight: bold; padding-left: 6.8pt">Balance, December 31, 2024</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_pid_uShares_c20250101__20250930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zWZmh9Y12O6l" style="width: 12%; font-weight: bold; text-align: right" title="Number of Stock Options Outstanding, Beginning">665,000</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_pid_uUSDPShares_c20250101__20250930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zVIkWuWQf3Mk" style="width: 12%; font-weight: bold; text-align: right" title="Weighted Average Exercise Price, Beginning">2.80</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td id="xdx_981_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20240101__20241231__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zgPjxbaHvpq2" style="width: 12%; font-weight: bold; text-align: right" title="Weighted Average Contractual Life (Years)">3.90</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; padding-left: 6.8pt">Granted</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_c20250101__20250930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zuhbMHkZJpFj" style="border-bottom: Black 1pt solid; text-align: right" title="Number of Stock Options Outstanding, Granted">860,000</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_pid_uUSDPShares_c20250101__20250930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zUtso0Nqo9uc" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted Average Exercise Price, Granted">3.10</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-left: 6.8pt">Balance, September 30, 2025</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_c20250101__20250930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zpE46gpYnN0f" style="font-weight: bold; text-align: right" title="Number of Stock Options Outstanding, Beginning">1,525,000</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_pid_uUSDPShares_c20250101__20250930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zd9EqAF5AtY5" style="font-weight: bold; text-align: right" title="Weighted Average Exercise Price, Ending">3.01</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_988_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20250101__20250930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zn5mENDTqVMi" style="font-weight: bold; text-align: right" title="Weighted Average Contractual Life (Years)">3.87</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-left: 6.8pt"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-left: 6.8pt">Balance, December 31, 2025</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_98E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_c20260101__20260930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zYoHenfk0Pe6" style="font-weight: bold; text-align: right">1,607,500</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_pid_uUSDPShares_c20260101__20260930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zuGY0395qPT6" style="font-weight: bold; text-align: right" title="Weighted Average Exercise Price, Beginning">3.11</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_984_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20250101__20251231__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zPnw11LDdLVk" style="font-weight: bold; text-align: right" title="Weighted Average Contractual Life (Years)">3.68</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 6.8pt">Granted</td><td style="color: #EE0000"> </td> <td style="color: #EE0000; text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_pid_uShares_c20260101__20260930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zjN4JIm8yf3g" style="color: #EE0000; text-align: right">939,000</td><td style="color: #EE0000; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_pid_uUSDPShares_c20260101__20260930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zKwjUZYaom8e" style="text-align: right" title="Weighted Average Exercise Price, Granted">9.80</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="border-bottom: Black 1pt solid; text-align: left; padding-left: 6.8pt">Expired/ Forfeited</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod_iNP3us-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_di_c20260101__20260930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zlP6nyghH0rd" style="border-bottom: Black 1pt solid; text-align: right" title="Number of Stock Options Outstanding, Expired/ Forfeited">(57,500</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice_iP3us-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod_pid_uUSDPShares_c20260101__20260930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zExdgC6aUsbc" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted Average Exercise Price, Expired/ Forfeited">3.57</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; font-weight: bold; padding-left: 6.8pt">Balance, September 30, 2026</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_c20260101__20260930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zG4c4dQrbqC8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,489,000</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_pid_uUSDPShares_c20260101__20260930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_z3homh7ve0H8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Weighted Average Exercise Price, Ending">5.63</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98E_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20260101__20260930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zgVIzQ22Bxo4" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Weighted Average Contractual Life (Years)">3.65</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="border-bottom: Black 1pt solid; font-weight: bold; padding-left: 6.8pt">Exercisable, September 30, 2026</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_iI_c20260930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zEWb4o9hyaU6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Number of Stock Options Outstanding, Exercisable">1,503,334</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_982_eus-gaap--SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1_iI_c20260930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_z4g7CDHfNM3h" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Weighted Average Exercise Price, Exercisable">3.06</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98C_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_dtY_c20260101__20260930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zO1G05MJh9x2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Weighted Average Contractual Life (Years), Exercisable">2.91</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td></tr> </table> Based on the Company’s closing stock price at September 30, 2026, the intrinsic value of the balance of stock options and vested stock options was $<span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_iI_c20260930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zwllnvq9NtGc" title="Intrinsic value">8,805,940 and $<span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_iI_c20260930__us-gaap--DerivativeInstrumentRiskAxis__custom--VestedStockOptionsMember_zReihmnoSwZh" title="Intrinsic value">8,584,904, respectively. On February 1, 2025, the Company issued <span id="xdx_909_eus-gaap--DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1_pid_uShares_c20250130__20250201__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_z3TFSYfp5r9a" title="Shares issued">50,000 stock options to the Chief Financial Officer. The incentive stock options vest one-third immediately, and one-third at each February 1, 2026 and 2027, have a 5-year term, and an exercise price of $<span id="xdx_90D_eus-gaap--SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1_iI_pid_uUSDPShares_c20250201__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zZ0zmeZTY1w7" title="Exercise price">3.10. The underlying weighted average assumptions used in the estimation of fair value in the Black-Scholes valuation model are as follows: risk free rate of 4.35%; expected life of 5 years; expected volatility <span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate_pid_dp_uPure_c20250130__20250201_zEgl8zS68Hhj" title="Expected volatility">168%; and estimated share price $3.10. On March 3, 2025, the Company granted <span id="xdx_900_eus-gaap--DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1_pid_uShares_c20250301__20250303__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zmDdhjpmsetc" title="Shares issued">750,000 options to directors, officers, and employees. The incentive stock options vested immediately, have a 5-year term, and an exercise price of $<span id="xdx_901_eus-gaap--SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1_iI_pid_uUSDPShares_c20250303__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zS4TcNONdx71" title="Exercise price">3.10. The underlying weighted average assumptions used in the estimation of fair value in the Black-Scholes valuation model are as follows: risk free rate of 3.97%; expected life of 5 years; expected volatility <span id="xdx_907_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate_pid_dp_uPure_c20250301__20250303_zVFTLtUYLQPb" title="Expected volatility">165%; and estimated share price $3.10. On April 14, 2025, the Company granted <span id="xdx_900_eus-gaap--DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1_pid_uShares_c20250402__20250414__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_z8LmU6dopMU8" title="Shares issued">60,000 options to the vice president of exploration. The incentives stock options vested immediately, have a 5-year term, and an exercise price of $<span id="xdx_900_eus-gaap--SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1_iI_pid_uUSDPShares_c20250414__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zMwTJuChZDjf" title="Exercise price">3.10. The underlying weighted average assumptions used in the estimation of fair value in the Black-Scholes valuation model are as follows: risk free rate of 4.02%; expected life of 5 years; expected volatility <span id="xdx_907_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate_pid_dp_uPure_c20250402__20250414_zEnXamtMg627" title="Expected volatility">141%; and estimated share price $3.10. On May 19, 2026, the Company granted <span id="xdx_904_eus-gaap--DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1_pid_uShares_c20260518__20260519__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zNNZQ4auvXxj" title="Shares issued">281,000 options to officers and employees. The incentive stock options vested one-third on the first anniversary of the grant, and one-third on each subsequent anniversary, have a 5-year term, and an exercise price of $<span id="xdx_90B_eus-gaap--SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1_iI_pid_uUSDPShares_c20260519__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zfeuGylEZH1j" title="Exercise price">11.50. The underlying weighted average assumptions used in the estimation of fair value in the Black-Scholes valuation model are as follows: risk free rate of 4.32%; expected life of 3 years; expected volatility <span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate_pid_dp_uPure_c20260518__20260519_zF8E914wXreg" title="Expected volatility">168%; and estimated share price $11.50. On June 26, 2026, the Company granted <span id="xdx_903_eus-gaap--DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1_pid_uShares_c20260625__20260626__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zFPNiWXZyM62" title="Shares issued">60,000 options to certain consultants. The stock options vested one-third on the first anniversary of the grant, and one-third on each subsequent anniversary, have a 5-year term, and an exercise price of $<span id="xdx_90A_eus-gaap--SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1_iI_pid_uUSDPShares_c20260626__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_z7iCOBnpyvml" title="Exercise price">11.50. The underlying weighted average assumptions used in the estimation of fair value in the Black-Scholes valuation model are as follows: risk free rate of 4.12%; expected life of 5 years; expected volatility <span id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate_pid_dp_uPure_c20260625__20260626_zkIhEL8TdET6" title="Expected volatility">168%; and estimated share price $11.50. On August 26, 2026, the Company granted <span id="xdx_90F_eus-gaap--DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1_pid_uShares_c20260825__20260826__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zgHL21BMtu5j" title="Shares issued">542,000 options to certain officers and employees. The incentive stock options vested one-third on the first anniversary of the grant, and one-third on each subsequent anniversary, have a 5-year term, and an exercise price of $<span id="xdx_90D_eus-gaap--SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1_iI_pid_uUSDPShares_c20260826__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zNiVusR5QCI7" title="Exercise price">8.86. The underlying weighted average assumptions used in the estimation of fair value in the Black-Scholes valuation model are as follows: risk free rate of 4.37%; expected life of 3 years; expected volatility <span id="xdx_90B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate_pid_dp_uPure_c20260825__20260826_z0DT6OJddSCd" title="Expected volatility">82.8%; and estimated share price $8.86. On September 3, 2026, the Company granted <span id="xdx_909_eus-gaap--DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1_pid_uShares_c20260902__20260903__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zrpTcnXyc5Tb" title="Shares issued">56,000 options to certain employees. The incentive stock options vested one-third on the first anniversary of the grant, and one-third on each subsequent anniversary, have a 5-year term, and an exercise price of $<span id="xdx_906_eus-gaap--SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1_iI_pid_uUSDPShares_c20260903__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zWNwTRK0EqY2" title="Exercise price">8.53. The underlying weighted average assumptions used in the estimation of fair value in the Black-Scholes valuation model are as follows: risk free rate of 4.52%; expected life of 3 years; expected volatility <span id="xdx_906_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate_pid_dp_uPure_c20260902__20260903_zujC5JrFTXji" title="Expected volatility">82.8%; and estimated share price $8.53 For the 985,666 unvested stock options as of September 30, 2026, the unrecognized stock-based compensation is $6,431,437. Restricted Stock Units The Company provides equity compensation in the form of RSUs to certain eligible employees and directors. The deemed fair values of the unvested RSUs are between $<span id="xdx_907_eus-gaap--SharesIssuedPricePerShare_iI_pid_uUSDPShares_c20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__srt--RangeAxis__srt--MinimumMember_zL8YYhBcii6e" title="Faire value price per share">3.00 and $<span id="xdx_903_eus-gaap--SharesIssuedPricePerShare_iI_pid_uUSDPShares_c20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__srt--RangeAxis__srt--MaximumMember_zkDGO8p1wqaa" title="Faire value price per share">11.50. On February 1, 2025, the Company granted <span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_pid_uShares_c20250130__20250201__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__srt--TitleOfIndividualAxis__srt--ChiefExecutiveOfficerMember_zhCCDvOB37wl" title="Granted">100,000 RSUs to the chief executive officer that vested immediately. These RSUs were subsequently distributed on April 1, 2025. The Company issued 31,882 RSUs on March 31, 2025 and 44,838 RSUs on June 30, 2025 to our directors. These RSUs vest only if there has been a change of control, the sale of a majority of the Company’s assets, or if a director leaves the Board of Directors. As such, no stock-based compensation has been recognized in 2025 for these RSUs. The Company granted 44,838 RSUs on September 30, 2025 to our directors. These RSUs vest only if there has been a change of control, the sale of a majority of the Company’s assets, or if a director leaves the Board of Directors. As such, no stock-based compensation has been recognized in 2025 for these RSUs. The Company issued 10,293 RSUs on March 31, 2026 to our directors. Similar to the 2025 director RSUs, these RSUs vest only if there has been a change of control, the sale of a majority of the Company’s assets, or if a director leaves the Board of Directors. As such, no stock-based compensation has been recognized in 2026 for these RSUs. On May 19, 2026 the Company granted <span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_pid_uShares_c20260518__20260519__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zMlrc8nE669i" title="Granted">13,500 RSUs to the Chief Operating Officer, <span id="xdx_90A_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_pid_uShares_c20260518__20260519__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zPIgDAUHVKq3" title="Vested">3,500 of which vest in six months subsequent to our IPO, and 10,000 of which upon successful completion of the rehabilitation of the Chief Joseph portal on our Rainbow Block Property. On August 26, 2026 the Company granted <span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_pid_uShares_c20260825__20260826__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_z3SPyFx5rwJ2" title="Granted">15,685 RSUs to our directors. Similar to the 2025 director RSUs, these RSUs vest only if there has been a change of control, the sale of a majority of the Company’s assets, or if a director leaves the Board of Directors. As such, no stock-based compensation has been recognized in 2026 for these RSUs. On September 30, 2026 the Company granted <span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_pid_uShares_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zeLqepkhDVZ7" title="Granted">15,846 RSUs to our directors. Similar to the 2025 director RSUs, these RSUs vest only if there has been a change of control, the sale of a majority of the Company’s assets, or if a director leaves the Board of Directors. As such, no stock-based compensation has been recognized in 2026 for these RSUs. <p id="xdx_89B_eus-gaap--ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock_zkAhxEQ3GdS4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify">A summary of activity related to restricted share units (“RSUs”) during the nine-month period ended September 30, 2026, is presented below: Schedule of activity related to restricted share units <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 92%; margin-left: 35.45pt"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2"> </td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Weighted</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2"> </td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Average</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2"> </td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Grant</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Number of</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Date Fair</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Units</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Value</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 62%; font-weight: bold; text-align: left">Unvested grants outstanding at December 31, 2025</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_pid_uShares_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_znGkepp4BDO6" style="width: 12%; font-weight: bold; text-align: right" title="Number of Units, Beginning">133,135</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td id="xdx_983_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue_iS_pid_uUSDPShares_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_z48LtRyjWnYg" style="width: 12%; font-weight: bold; text-align: right" title="Weighted Average Grant Date Fair Value, Beginning">3.87</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Granted during the period</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_pid_uShares_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_z7LURcwsolB9" style="text-align: right" title="Granted during the period">55,324</td><td style="text-align: left"> </td><td style="color: red"> </td> <td style="color: red; text-align: left"> </td><td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_pid_uUSDPShares_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zfGjEcBk7kdb" style="color: red; text-align: right" title="Weighted Average Grant Date Fair Value, Granted">8.29</td><td style="color: red; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Forfeited during the period</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod_pid_uShares_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zdHPMFeLakrh" style="text-align: right" title="Forfeited during the period">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue_pid_uUSDPShares_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_z6Knt8WQ428j" style="text-align: right" title="Weighted Average Grant Date Fair Value, Forfeited">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Vested during the period</td><td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_pid_uShares_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zGwrkNZu9RLd" style="border-bottom: Black 1pt solid; text-align: right" title="Vested during the period">-</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98B_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue_pid_uUSDPShares_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zeiHuFi3U7pe" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted Average Grant Date Fair Value, Vested">-</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Unvested grants outstanding at September 30, 2026</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_pid_uShares_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zE1ZlXYMB3Yi" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Number of Units, Ending">188,459</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_980_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue_iE_pid_uUSDPShares_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zDjhnDtdHmt9" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Weighted Average Grant Date Fair Value, Ending">5.17</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td></tr> </table> For the outstanding RSUs as of September 30, 2026, the unrecognized stock-based compensation is $<span id="xdx_903_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_iI_c20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zRgHJHA58E6c" title="Unrecognized stock-based compensation">935,549. Warrants A summary of the Company’s warrant activity related to financing events for the nine months ended September 30, 2026 and 2025 are as follows: <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 93%; margin-left: 35.3pt"> <tr style="vertical-align: bottom"> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">Schedule of warrant activity related to financing events</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center; vertical-align: bottom">Number</td><td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Weighted Average exercise price</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 61%; text-align: left">Balance, December 31, 2024</td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td id="xdx_983_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares_iS_pid_uShares_c20250101__20250930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_ztFXgSWZcyHl" style="font: bold 10pt Times New Roman, Times, Serif; width: 12%; text-align: right" title="Beginning Balance">7,949,531</td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_98A_eus-gaap--SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1_iS_pid_uUSDPShares_c20250101__20250930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_ziVjuN6QmC22" style="font: bold 10pt Times New Roman, Times, Serif; width: 12%; text-align: right" title="Beginning Exercise Price">4.70</td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Issued</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_981_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsIssuedInPeriodGross_pid_uShares_c20250101__20250930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_z9afoAejaBDc" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Issued">215,872</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98A_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsIssueInPeriodWeightedAverageExercisePrice_pid_uUSDPShares_c20250101__20250930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zbvcNzNTqMCb" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Exercise Price Issued">6.00</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Exercised</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_987_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares_pid_uShares_c20250101__20250930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zJX1G6Dgk9ll" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Exercised">(1,200,121</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98C_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisedInPeriodWeightedAverageExercisePrice_pid_uUSDPShares_c20250101__20250930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zNJz3T6Swh3d" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Exercise Price Exercised">3.90</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">Expired</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_980_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpiredInPeriodGross_pid_uShares_c20250101__20250930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zBjRstmDs3P4" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Expired">(44,443</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">)</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_981_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpiredInPeriodWeightedAverageExercisePrice_pid_uUSDPShares_c20250101__20250930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zKl2mJdLYeCb" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Exercise Price Expired">3.50</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Balance, September 30, 2025</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: bold 10pt Times New Roman, Times, Serif"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_987_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares_iE_pid_uShares_c20250101__20250930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zgWbwc8tKloi" style="font: bold 10pt Times New Roman, Times, Serif; text-align: right" title="Beginning Balance">6,920,839</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: bold 10pt Times New Roman, Times, Serif"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_984_eus-gaap--SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1_iE_pid_uUSDPShares_c20250101__20250930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zpmyToZaE0i1" style="font: bold 10pt Times New Roman, Times, Serif; text-align: right" title="Ending Exercise Price">4.90</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Balance, December 31, 2025 </td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: bold 10pt Times New Roman, Times, Serif"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares_iS_pid_uShares_c20260101__20260930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_z1fMy8NZG6M5" style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">397,049</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: bold 10pt Times New Roman, Times, Serif"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_986_eus-gaap--SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1_iS_pid_uUSDPShares_c20260101__20260930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zDCXl7B1rfp2" style="font: bold 10pt Times New Roman, Times, Serif; text-align: right" title="Beginning Exercise Price">4.87</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: left">Issued</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_98F_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsIssuedInPeriodGross_pid_uShares_c20260101__20260930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zsYiijuGAVc4" style="font-size: 10pt; text-align: right" title="Issued">-</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_988_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsIssueInPeriodWeightedAverageExercisePrice_pid_uUSDPShares_c20260101__20260930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zll56BSJE1G3" style="font-size: 10pt; text-align: right" title="Exercise Price Issued">-</td><td style="font-size: 10pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Exercised</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_981_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares_pid_uShares_c20260101__20260930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zx2OY7raTW97" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Exercised">(185,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_988_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisedInPeriodWeightedAverageExercisePrice_pid_uUSDPShares_c20260101__20260930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zygn8CaQznq5" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Exercise Price Exercised">4.86</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">Expired</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpiredInPeriodGross_pid_uShares_c20260101__20260930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zqkt502q03bd" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Expired">(94,821</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">)</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98C_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpiredInPeriodWeightedAverageExercisePrice_pid_uUSDPShares_c20260101__20260930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zzetwwnbXKaa" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Exercise Price Expired">5.29</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">Balance, September 30, 2026</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98A_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares_iE_pid_uShares_c20260101__20260930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zPdYrF6HjHlf" style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">117,228</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98B_eus-gaap--SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1_iE_pid_uUSDPShares_c20260101__20260930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_z9Lsug3RPExh" style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right" title="Ending Exercise Price">4.27</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> </table> For the nine months ended September 30, 2025, common share purchase warrants of 215,872 were issued as part of financing transactions. See Note 10 for further details. In addition to the above warrants, on January 27, 2025, the Company issued 1,400,000 Performance Warrants to the chief executive officer pursuant to his executive employment agreement. The vesting of these warrants is subject to several performance milestones, including the completion of the Lane F acquisition, purchase of the Goldsmith Block (see Note 6) and completion of a public offering. As of September 30, 2026, 1,200,000 of the warrants have vested. The warrants are exercisable at $3.10 per share; fair value of $2.70; expire January 27, 2035. For these warrants, the Company used a risk-free rate of 4.55%; expected life of 10 years; and expected volatility of <span id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate_pid_dp_uPure_c20260101__20260930_zqWkvLBUZWg3" title="Expected volatility">167%. The unrecognized impact of these unvested warrants was $536,200.

Total compensation expense recognized for stock-based compensation for the three and nine months ended September 30, 2026 and 2025 was as follows: Schedule of total compensation expense recognized <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 92%; margin-left: 35.45pt"> <tr style="display: none; vertical-align: bottom; visibility: hidden"> <td style="display: none; visibility: hidden"> </td><td style="display: none; font-weight: bold; visibility: hidden"> </td> <td style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td> <td style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td> <td style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td> <td style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td> <td colspan="2" style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td><td style="display: none; font-weight: bold; visibility: hidden"> </td><td style="display: none; font-weight: bold; visibility: hidden"> </td> <td style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td> <td style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td> <td style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td> <td style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td> <td colspan="2" style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td><td style="display: none; font-weight: bold; visibility: hidden"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="6" style="font-weight: bold; text-align: center">Three months ended</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="font-weight: bold; text-align: center">Nine months ended</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: justify"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">September 30,</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">September 30,</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: justify">Financial Statement Line Item</td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 32%; text-align: justify">Management and advisory fees</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_ecustom--ManagementAndAdvisoryFee_c20260701__20260930_z9VKCTdOsWK2" style="width: 12%; text-align: right" title="Management and advisory fees">304,936</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_ecustom--ManagementAndAdvisoryFee_c20250701__20250930_zSkgzS5DlAoa" style="width: 12%; text-align: right" title="Management and advisory fees">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_ecustom--ManagementAndAdvisoryFee_c20260101__20260930_z9VXAjIzoHbc" style="width: 12%; text-align: right" title="Management and advisory fees">979,272</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98F_ecustom--ManagementAndAdvisoryFee_c20250101__20250930_zjW6qta8QP78" style="width: 12%; text-align: right" title="Management and advisory fees">5,005,505</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Salaries and wages</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--SalariesAndWages_c20260701__20260930_zzhQcImcFgY" style="text-align: right" title="Salaries and wages">72,130</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--SalariesAndWages_c20250701__20250930_z99cdbFtCKz6" style="text-align: right" title="Salaries and wages">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--SalariesAndWages_c20260101__20260930_zTuz73i4SPk1" style="text-align: right" title="Salaries and wages">115,354</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--SalariesAndWages_c20250101__20250930_zW3cOwKx04Sl" style="text-align: right" title="Salaries and wages">75,900</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1pt">Professional fees</td><td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_ecustom--ProfessionalFee_c20260701__20260930_zq8Qc8rB7ip2" style="border-bottom: Black 1pt solid; text-align: right" title="Professional fees">32,356</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_ecustom--ProfessionalFee_c20250701__20250930_zccPxKwoF7Pb" style="border-bottom: Black 1pt solid; text-align: right" title="Professional fees">-</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_ecustom--ProfessionalFee_c20260101__20260930_zsqQ3HNZvCHa" style="border-bottom: Black 1pt solid; text-align: right" title="Professional fees">33,762</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_ecustom--ProfessionalFee_c20250101__20250930_zdLwPhb47nC5" style="border-bottom: Black 1pt solid; text-align: right" title="Professional fees">-</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: justify; padding-bottom: 2.5pt">Total stock-based compensation</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_981_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1_c20260701__20260930_zTIgmnSrRW9i" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total stock-based compensation">409,422</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_989_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1_c20250701__20250930_z7yqkiMAHGH5" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total stock-based compensation">-</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_986_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1_c20260101__20260930_z8Rv8wOlw559" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total stock-based compensation">1,128,388</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_982_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1_c20250101__20250930_zJbfHXLA70Ed" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total stock-based compensation">5,081,405</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 92%; margin-left: 35.45pt"> <tr style="display: none; vertical-align: bottom; visibility: hidden"> <td style="display: none; visibility: hidden"> </td><td style="display: none; font-weight: bold; visibility: hidden"> </td> <td style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td> <td id="xdx_49E_20260701__20260930_zYIj6nQIBadc" style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td> <td style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td> <td style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td> <td colspan="2" id="xdx_495_20250701__20250930_zky0LaDeDhv9" style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td><td style="display: none; font-weight: bold; visibility: hidden"> </td><td style="display: none; font-weight: bold; visibility: hidden"> </td> <td style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td> <td id="xdx_49C_20260101__20260930_zloF7wZQffok" style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td> <td style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td> <td style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td> <td colspan="2" id="xdx_491_20250101__20250930_zl4HdKEVzgF6" style="display: none; font-weight: bold; text-align: center; visibility: hidden"> </td><td style="display: none; font-weight: bold; visibility: hidden"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="6" style="font-weight: bold; text-align: center">Three months ended</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="font-weight: bold; text-align: center">Nine months ended</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: justify"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">September 30,</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">September 30,</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: justify">Compensation Type</td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td></tr> <tr id="xdx_401_eus-gaap--StockOptionPlanExpense_zql2CzkabxCd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 32%; text-align: justify">Stock options</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">393,626</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">565,919</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">2,130,404</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--RestrictedStockExpense_zqS5vhHkV3Xf" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">RSUs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">15,796</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">26,269</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">270,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--IssuanceOfStockAndWarrantsForServicesOrClaims_zRGxkJWq9wsf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1pt">Warrants</td><td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">-</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">536,200</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,681,001</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_408_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationType_z5ggpAmIw5kb" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: justify; padding-bottom: 2.5pt">Total stock-based compensation</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">409,422</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">-</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,128,388</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">5,081,405</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td></tr> </table> 304936 979272 5005505

72130

115354

75900

32356 33762

409422

1128388

5081405

393626

565919

2130404

15796

26269

270000

536200

2681001

409422 1128388 5081405

A summary of stock option activity within the Company’s LTIP plan for the nine months ended September 30, 2026 and 2025 is as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 92%; margin-left: 35pt"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Schedule of stock options </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Number of Stock Options Outstanding</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Weighted Average Exercise Price ($)</td><td style="border-bottom: Black 1pt solid"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Weighted Average Contractual Life (Years)</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 47%; font-weight: bold; padding-left: 6.8pt">Balance, December 31, 2024</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_pid_uShares_c20250101__20250930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zWZmh9Y12O6l" style="width: 12%; font-weight: bold; text-align: right" title="Number of Stock Options Outstanding, Beginning">665,000</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_pid_uUSDPShares_c20250101__20250930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zVIkWuWQf3Mk" style="width: 12%; font-weight: bold; text-align: right" title="Weighted Average Exercise Price, Beginning">2.80</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td id="xdx_981_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20240101__20241231__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zgPjxbaHvpq2" style="width: 12%; font-weight: bold; text-align: right" title="Weighted Average Contractual Life (Years)">3.90</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; padding-left: 6.8pt">Granted</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_c20250101__20250930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zuhbMHkZJpFj" style="border-bottom: Black 1pt solid; text-align: right" title="Number of Stock Options Outstanding, Granted">860,000</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_pid_uUSDPShares_c20250101__20250930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zUtso0Nqo9uc" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted Average Exercise Price, Granted">3.10</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-left: 6.8pt">Balance, September 30, 2025</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_c20250101__20250930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zpE46gpYnN0f" style="font-weight: bold; text-align: right" title="Number of Stock Options Outstanding, Beginning">1,525,000</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_pid_uUSDPShares_c20250101__20250930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zd9EqAF5AtY5" style="font-weight: bold; text-align: right" title="Weighted Average Exercise Price, Ending">3.01</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_988_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20250101__20250930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zn5mENDTqVMi" style="font-weight: bold; text-align: right" title="Weighted Average Contractual Life (Years)">3.87</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-left: 6.8pt"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-left: 6.8pt">Balance, December 31, 2025</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_98E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_c20260101__20260930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zYoHenfk0Pe6" style="font-weight: bold; text-align: right">1,607,500</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_pid_uUSDPShares_c20260101__20260930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zuGY0395qPT6" style="font-weight: bold; text-align: right" title="Weighted Average Exercise Price, Beginning">3.11</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td id="xdx_984_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20250101__20251231__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zPnw11LDdLVk" style="font-weight: bold; text-align: right" title="Weighted Average Contractual Life (Years)">3.68</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 6.8pt">Granted</td><td style="color: #EE0000"> </td> <td style="color: #EE0000; text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_pid_uShares_c20260101__20260930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zjN4JIm8yf3g" style="color: #EE0000; text-align: right">939,000</td><td style="color: #EE0000; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_pid_uUSDPShares_c20260101__20260930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zKwjUZYaom8e" style="text-align: right" title="Weighted Average Exercise Price, Granted">9.80</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="border-bottom: Black 1pt solid; text-align: left; padding-left: 6.8pt">Expired/ Forfeited</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod_iNP3us-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_di_c20260101__20260930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zlP6nyghH0rd" style="border-bottom: Black 1pt solid; text-align: right" title="Number of Stock Options Outstanding, Expired/ Forfeited">(57,500</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice_iP3us-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod_pid_uUSDPShares_c20260101__20260930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zExdgC6aUsbc" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted Average Exercise Price, Expired/ Forfeited">3.57</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; font-weight: bold; padding-left: 6.8pt">Balance, September 30, 2026</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_c20260101__20260930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zG4c4dQrbqC8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,489,000</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_pid_uUSDPShares_c20260101__20260930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_z3homh7ve0H8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Weighted Average Exercise Price, Ending">5.63</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98E_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20260101__20260930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zgVIzQ22Bxo4" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Weighted Average Contractual Life (Years)">3.65</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="border-bottom: Black 1pt solid; font-weight: bold; padding-left: 6.8pt">Exercisable, September 30, 2026</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_iI_c20260930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zEWb4o9hyaU6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Number of Stock Options Outstanding, Exercisable">1,503,334</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_982_eus-gaap--SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1_iI_c20260930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_z4g7CDHfNM3h" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Weighted Average Exercise Price, Exercisable">3.06</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98C_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_dtY_c20260101__20260930__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--StockOptionMember_zO1G05MJh9x2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Weighted Average Contractual Life (Years), Exercisable">2.91</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td></tr> </table>

665000

2.80

P3Y10M24D

860000

3.10

1525000

3.01

P3Y10M13D

1607500

3.11

P3Y8M4D

939000

9.80

57500

3.57

2489000

5.63

P3Y7M24D

1503334

3.06

P2Y10M28D

8805940

8584904

50000

3.10

0.0435

P5Y

1.68

3.10

750000

3.10

0.0397

P5Y

1.65

3.10

60000

3.10

0.0402

P5Y

1.41

3.10

281000

11.50

0.0432

P3Y

1.68

11.50

60000

11.50

0.0412

P5Y

1.68

11.50

542000

8.86

0.0437

P3Y

0.828

8.86

56000

8.53

0.0452

P3Y

0.828

8.53

985666

6431437

3.00

11.50

100000

31882

44838

10293

13500

3500

10000

15685

15846

<p id="xdx_89B_eus-gaap--ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock_zkAhxEQ3GdS4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify">A summary of activity related to restricted share units (“RSUs”) during the nine-month period ended September 30, 2026, is presented below: Schedule of activity related to restricted share units <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 92%; margin-left: 35.45pt"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2"> </td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Weighted</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2"> </td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Average</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2"> </td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Grant</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Number of</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Date Fair</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Units</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Value</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 62%; font-weight: bold; text-align: left">Unvested grants outstanding at December 31, 2025</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_pid_uShares_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_znGkepp4BDO6" style="width: 12%; font-weight: bold; text-align: right" title="Number of Units, Beginning">133,135</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td id="xdx_983_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue_iS_pid_uUSDPShares_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_z48LtRyjWnYg" style="width: 12%; font-weight: bold; text-align: right" title="Weighted Average Grant Date Fair Value, Beginning">3.87</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Granted during the period</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_pid_uShares_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_z7LURcwsolB9" style="text-align: right" title="Granted during the period">55,324</td><td style="text-align: left"> </td><td style="color: red"> </td> <td style="color: red; text-align: left"> </td><td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_pid_uUSDPShares_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zfGjEcBk7kdb" style="color: red; text-align: right" title="Weighted Average Grant Date Fair Value, Granted">8.29</td><td style="color: red; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Forfeited during the period</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod_pid_uShares_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zdHPMFeLakrh" style="text-align: right" title="Forfeited during the period">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue_pid_uUSDPShares_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_z6Knt8WQ428j" style="text-align: right" title="Weighted Average Grant Date Fair Value, Forfeited">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Vested during the period</td><td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_pid_uShares_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zGwrkNZu9RLd" style="border-bottom: Black 1pt solid; text-align: right" title="Vested during the period">-</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98B_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue_pid_uUSDPShares_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zeiHuFi3U7pe" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted Average Grant Date Fair Value, Vested">-</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Unvested grants outstanding at September 30, 2026</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_pid_uShares_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zE1ZlXYMB3Yi" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Number of Units, Ending">188,459</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_980_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue_iE_pid_uUSDPShares_c20260101__20260930__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zDjhnDtdHmt9" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Weighted Average Grant Date Fair Value, Ending">5.17</td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td></tr> </table>

133135

3.87

55324

8.29

188459

5.17

935549

A summary of the Company’s warrant activity related to financing events for the nine months ended September 30, 2026 and 2025 are as follows: <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 93%; margin-left: 35.3pt"> <tr style="vertical-align: bottom"> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">Schedule of warrant activity related to financing events</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center; vertical-align: bottom">Number</td><td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Weighted Average exercise price</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 61%; text-align: left">Balance, December 31, 2024</td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td id="xdx_983_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares_iS_pid_uShares_c20250101__20250930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_ztFXgSWZcyHl" style="font: bold 10pt Times New Roman, Times, Serif; width: 12%; text-align: right" title="Beginning Balance">7,949,531</td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_98A_eus-gaap--SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1_iS_pid_uUSDPShares_c20250101__20250930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_ziVjuN6QmC22" style="font: bold 10pt Times New Roman, Times, Serif; width: 12%; text-align: right" title="Beginning Exercise Price">4.70</td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Issued</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_981_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsIssuedInPeriodGross_pid_uShares_c20250101__20250930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_z9afoAejaBDc" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Issued">215,872</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98A_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsIssueInPeriodWeightedAverageExercisePrice_pid_uUSDPShares_c20250101__20250930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zbvcNzNTqMCb" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Exercise Price Issued">6.00</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Exercised</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_987_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares_pid_uShares_c20250101__20250930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zJX1G6Dgk9ll" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Exercised">(1,200,121</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98C_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisedInPeriodWeightedAverageExercisePrice_pid_uUSDPShares_c20250101__20250930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zNJz3T6Swh3d" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Exercise Price Exercised">3.90</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">Expired</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_980_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpiredInPeriodGross_pid_uShares_c20250101__20250930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zBjRstmDs3P4" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Expired">(44,443</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">)</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_981_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpiredInPeriodWeightedAverageExercisePrice_pid_uUSDPShares_c20250101__20250930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zKl2mJdLYeCb" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Exercise Price Expired">3.50</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Balance, September 30, 2025</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: bold 10pt Times New Roman, Times, Serif"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_987_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares_iE_pid_uShares_c20250101__20250930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zgWbwc8tKloi" style="font: bold 10pt Times New Roman, Times, Serif; text-align: right" title="Beginning Balance">6,920,839</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: bold 10pt Times New Roman, Times, Serif"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_984_eus-gaap--SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1_iE_pid_uUSDPShares_c20250101__20250930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zpmyToZaE0i1" style="font: bold 10pt Times New Roman, Times, Serif; text-align: right" title="Ending Exercise Price">4.90</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Balance, December 31, 2025 </td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: bold 10pt Times New Roman, Times, Serif"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares_iS_pid_uShares_c20260101__20260930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_z1fMy8NZG6M5" style="font: bold 10pt Times New Roman, Times, Serif; text-align: right">397,049</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: bold 10pt Times New Roman, Times, Serif"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_986_eus-gaap--SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1_iS_pid_uUSDPShares_c20260101__20260930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zDCXl7B1rfp2" style="font: bold 10pt Times New Roman, Times, Serif; text-align: right" title="Beginning Exercise Price">4.87</td><td style="font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: left">Issued</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_98F_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsIssuedInPeriodGross_pid_uShares_c20260101__20260930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zsYiijuGAVc4" style="font-size: 10pt; text-align: right" title="Issued">-</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_988_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsIssueInPeriodWeightedAverageExercisePrice_pid_uUSDPShares_c20260101__20260930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zll56BSJE1G3" style="font-size: 10pt; text-align: right" title="Exercise Price Issued">-</td><td style="font-size: 10pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Exercised</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_981_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares_pid_uShares_c20260101__20260930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zx2OY7raTW97" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Exercised">(185,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_988_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisedInPeriodWeightedAverageExercisePrice_pid_uUSDPShares_c20260101__20260930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zygn8CaQznq5" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Exercise Price Exercised">4.86</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">Expired</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_989_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpiredInPeriodGross_pid_uShares_c20260101__20260930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zqkt502q03bd" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Expired">(94,821</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">)</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98C_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpiredInPeriodWeightedAverageExercisePrice_pid_uUSDPShares_c20260101__20260930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zzetwwnbXKaa" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Exercise Price Expired">5.29</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">Balance, September 30, 2026</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98A_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares_iE_pid_uShares_c20260101__20260930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zPdYrF6HjHlf" style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">117,228</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98B_eus-gaap--SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1_iE_pid_uUSDPShares_c20260101__20260930__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_z9Lsug3RPExh" style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right" title="Ending Exercise Price">4.27</td><td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> </table>

7949531

4.70

215872 6.00

-1200121

3.90 -44443 3.50

6920839

4.90

397049

4.87

-185000

4.86 -94821 5.29

117228

4.27

215872

1400000

1200000 3.10

2.70

0.0455

P10Y

1.67

536200

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">12.</td><td style="padding-right: 32.95pt">Operating Leases </td></tr></table> Hudson Bay Lease On May 20, 2025, the Company received notice of the termination of its lease at 401 Bay Street, pursuant to the liquidation proceedings of its landlord, Hudson’s Bay Company ULC, in the Ontario Superior Court of Justice. The Company has vacated the premises and has no further obligations under its commercial lease. Pursuant to the cancellation of the head lease the Company’s sub leases were also cancelled. Operating lease expense for the three months ended September 30, 2026 and 2025 was $0 and $0, respectively. Operating lease expense for the nine months ended September 30, 2026 and 2025 was $0 and $104,444, respectively. Total sub-lease income for three months ended September 30, 2026 and 2025 was $0 and $0, respectively. Total sub-lease income for the nine months ended September 30, 2026 and 2025 was $0 and $51,952, respectively. Hennessey Building Lease On May 1, 2026 the Company entered an operating lease for office space in Butte, Montana through May 31, 2029. This lease has fixed base and common area maintenance (“CAM”) fees and does not contain any variable components. Pursuant to the terms of the lease agreement, the lessor will provide free rent for May through September 2026. Beginning in October 2026, the Company will pay monthly base rent and fixed CAM fees of $<span id="xdx_90A_ecustom--BaseRentAndFixedCommonAreaMaintenanceFees_iI_uUSD_c20261001__srt--StatementScenarioAxis__srt--ScenarioForecastMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--HennesseryBuildingLeaseMember_zbJWkHg4onae" title="Rent and fees amount">3,305 through May 31, 2029. The Company applied a discount rate of <span id="xdx_903_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_pid_dp_uPure_c20261001__srt--StatementScenarioAxis__srt--ScenarioForecastMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--HennesseryBuildingLeaseMember_zWIi6rPI3Cgc" title="Operating lease discount rate">8% to this lease. The initial amount recorded for the right of use asset and lease liability was $<span id="xdx_900_eus-gaap--RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_c20260101__20260930__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--HennesseryBuildingLeaseMember_z38Oc4ssLPl8" title="Right of use asset and lease liability">95,992. Thornton Building Lease On August 1, 2026 the Company entered an operating lease for office space in Butte, Montana through July 31, 2029. This lease has fixed base expense and variable common area maintenance (“CAM”) fees. Pursuant to the terms of the lease agreement, the Company will pay monthly base rent expense of $<span id="xdx_90E_ecustom--BaseRentAndFixedCommonAreaMaintenanceFees_iI_uUSD_c20260801__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--HennesseryBuildingLeaseMember_zegXX3opJPp6" title="Rent and fees amount">2,901 through July 31, 2029. The Company applied a discount rate of <span id="xdx_901_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_pid_dp_uPure_c20260801__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--HennesseryBuildingLeaseMember_zKp6bvaglii8" title="Operating lease discount rate">8% to this lease. The initial amount recorded for the right of use asset and lease liability was $<span id="xdx_909_eus-gaap--RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_uUSD_c20260101__20260930__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--ThorntonBuildingLeaseMember_zgP75BhPFoq7" title="Right of use asset and lease liability">93,201. At September 30, 2026 the right of use asset and right of use and liability balances were $172,964 and $187,822, respectively. Total lease expense for the three and nine months ended September 30, 2026, was $16,746 and $20,662. The Company also incurred variable lease costs for the three and nine months ended September 30, 2026, was $2,027 and $2,027. In addition, the Company as lessee is required to maintain general commercial liability insurance on the property in the amount of $1,000,000 per occurrence and $2,000,000 in the aggregate. The following table is a maturity analysis of the future minimum lease payments for operating leases as of September 30, 2026: Schedule of maturity analysis of future minimum lease payments for operating leases <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 92%; margin-left: 35.45pt"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; vertical-align: bottom">Twelve months ending September 30,</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="3" id="xdx_498_20260930_zjIRdH3j7Vs4" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Total</td></tr> <tr id="xdx_40A_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_iI_zBKsFssYKll7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 78%; text-align: left; padding-left: 0in">2027</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">75,006</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_iI_zZpqx3dBXV8i" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 0in">2028</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">76,299</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearThree_iI_zOLu3x9VIKPe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 0in">2029</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">57,295</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iI_znXr7lymOZMc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total operating lease payments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">208,600</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iNI_di_zcFSZrogxOO2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Less: imputed interest</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(20,778</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--OperatingLeaseLiability_iI_zHwmQ9xmc6d2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 0in">Total operating lease liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">187,822</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--OperatingLeaseLiabilityCurrent_iNI_di_z4A2HA89RC3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Less: current portion of operating lease liability</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(62,735</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr id="xdx_40E_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_za14w92M9cMj" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt; padding-left: 0in">Non-current portion of operating lease liability</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">125,087</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table>

104444

51952

3305

0.08

95992

2901

0.08

93201

172964

187822

16746

2027

2000000

The following table is a maturity analysis of the future minimum lease payments for operating leases as of September 30, 2026: Schedule of maturity analysis of future minimum lease payments for operating leases <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 92%; margin-left: 35.45pt"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; vertical-align: bottom">Twelve months ending September 30,</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td colspan="3" id="xdx_498_20260930_zjIRdH3j7Vs4" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Total</td></tr> <tr id="xdx_40A_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_iI_zBKsFssYKll7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 78%; text-align: left; padding-left: 0in">2027</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">75,006</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_iI_zZpqx3dBXV8i" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 0in">2028</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">76,299</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearThree_iI_zOLu3x9VIKPe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 0in">2029</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">57,295</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iI_znXr7lymOZMc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total operating lease payments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">208,600</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iNI_di_zcFSZrogxOO2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Less: imputed interest</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(20,778</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--OperatingLeaseLiability_iI_zHwmQ9xmc6d2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 0in">Total operating lease liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">187,822</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--OperatingLeaseLiabilityCurrent_iNI_di_z4A2HA89RC3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Less: current portion of operating lease liability</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(62,735</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td></tr> <tr id="xdx_40E_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_za14w92M9cMj" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt; padding-left: 0in">Non-current portion of operating lease liability</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">125,087</td><td style="border-bottom: Black 2.5pt double; text-align: left"> </td></tr> </table>

75006

76299

57295

208600

20778

187822

62735

125087

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">13.</td><td>Net Loss per Share</td></tr></table> Basic earnings or loss per share is computed by dividing the net loss available to common stockholders by the weighted average number of shares outstanding during the reporting period. Diluted loss per share is computed similar to basic loss per share except that the weighted average shares outstanding are increased to include additional shares for the assumed exercise of stock options, warrants and restricted stock units, if dilutive. Dilutive securities are excluded from the calculation if their effect would be antidilutive based on the treasury stock method or due to a net loss from operations. The Company’s potential dilutive shares include outstanding stock purchase options, warrants and RSUs. See Note 11 for details on the outstanding amounts of these outstanding dilutive shares.

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">14.</td><td>Segment Information</td></tr></table> The Company is engaged in the exploration of its mineral properties and has determined that it operates in one operating and reportable segment. Operating segments are defined as components of an entity where discrete financial information is evaluated regularly by the chief operating decision maker (“CODM”). This determination is based on the manner in which the CODM, identified as the Chief Executive Officer, makes operating decisions, allocates resources and assesses financial performance. All activities are related to the exploration of mineral properties, and the Company has not commenced commercial operations or generated revenues to date. Internal reporting and decision-making are performed, and all financial results are reviewed on a consolidated basis by the CODM, without differentiation by individual exploration property. The single segment constitutes the entire consolidated entity, and the accompanying Consolidated Financial Statements and the notes to the accompanying Consolidated Financial Statements are representative of such amounts.

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">15.</td><td>Subsequent Events</td></tr></table> On September 22, 2026, the Company announced that it had signed a non-binding term sheet (“Term Sheet”) with Ocean Partners UK Limited (“Ocean Partners”) for an integrated funding, credit support, and offtake package (“Package”) with an aggregate total of approximately $<span id="xdx_90E_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn6n6_c20260922__srt--CounterpartyNameAxis__custom--OceanPartnersMember_zex9F4FvW11e" title="Approximate aggregate total for integrated funding and credit support">88 million in funding and credit support. The Package is largely contingent upon the final closing of the MTMI Purchase Agreement, which is expected by the end of 2026. As part of the Term Sheet, Ocean Partners would provide guarantees supporting replacement surety bonds of up to US$43.1 million, subject to acceptable terms and approvals, which would release approximately $41 million currently posted as a reclamation bond related to the MTMI purchased assets. In addition, Ocean Partners would provide guarantees supporting the Rainbow Block $2.3 million surety bond, freeing up approximately US$1.5 million of cash collateral currently bonded. <span id="xdx_90B_eus-gaap--SubsequentEventDescription_c20260922__20260922__srt--CounterpartyNameAxis__custom--OceanPartnersMember_zwaKpjWInxoj" title="Ocean Partners prepayment facility description, subsequent event">Ocean Partners will also provide a $40 million concentrate prepayment facility (“Facility”) in three tranches as follows: $10 million at the initial closing of the Facility (expected after the closing of the MTMI Purchase Agreement); $20 million upon a Company board resolution approving a restart or refurbishment program at either of the MTMI properties; and $10 million at the Company’s option after three consecutive months of concentrate deliveries under any of the concentrates contracts. These do not require any production-timing covenants, with repayment of the Facility principally completed through offsets from concentrate deliveries. Also provided in the Facility was $<span id="xdx_909_eus-gaap--DebtInstrumentFaceAmount_iI_pn6n6_c20261006__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__srt--CounterpartyNameAxis__custom--OceanPartnersMember__us-gaap--DebtInstrumentAxis__custom--PreBridgeFinancingMember_z9SVvGydwDki" title="Pre-bridge financing">5 million of pre-bridge financing, which was provided to the Company on October 6, 2026. This bridge will be credited against the initial $<span id="xdx_90C_ecustom--PreBridgeFinancingCreditedAgainstInitialTranche_iI_pn6n6_c20261006__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__srt--CounterpartyNameAxis__custom--OceanPartnersMember_zo2sTtC2aqda" title="Pre-bridge financing credited against initial tranche">10 million tranche at closing of the Facility. The following are also provided as part of the Facility: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.5in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">A $<span id="xdx_908_ecustom--FutureEquityInvestmentCommitmentAmount_iI_pn6n6_c20261006__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__srt--CounterpartyNameAxis__custom--OceanPartnersMember__us-gaap--DebtInstrumentAxis__custom--PreBridgeFinancingMember_zEzloMOs9es7" title="Investment in future equity financing">5 million lead investment in future equity investment with Ocean Partners acting as lead investor, if and when, the Company conducts its next round of equity financing on the same terms as other investors.</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.5in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">A ten-year offtake agreement whereby Ocean Partners would purchase 100% of any future potential zinc and lead concentrates attributable to the Rainbow Block, 100% of any future potential zinc and lead concentrates attributable to ores from outside the M-Pit at Montana Tunnels and one-third of future potential zinc and lead concentrates from inside the M-Pit at Montana Tunnels on benchmark-linked terms with no minimum tonnages and no take-or-pay. The Company retains pricing rights to terminate the offtake contracts at any time, before or after production, and these rights survive a change of control of the Company.</td></tr></table>

88000000

43100000

41000000 2300000

1500000

Ocean Partners will also provide a $40 million concentrate prepayment facility (“Facility”) in three tranches as follows: $10 million at the initial closing of the Facility (expected after the closing of the MTMI Purchase Agreement); $20 million upon a Company board resolution approving a restart or refurbishment program at either of the MTMI properties; and $10 million at the Company’s option after three consecutive months of concentrate deliveries under any of the concentrates contracts. These do not require any production-timing covenants, with repayment of the Facility principally completed through offsets from concentrate deliveries.

5000000

10000000 5000000