v3.26.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows used in operating activities    
Net loss $ (1,598,165) $ (2,794,115)
Adjustment to reconcile net loss to net cash used in operating activities:    
Exploration expenses associated with settlement of note and interest receivable 202,835
Fair value gain on equity investment (18,598) (29,603)
Gain on sale of mineral interest (20,000)
Stock-based compensation - officer and directors 360,152 548,057
Stock-based compensation - consultants 77,778 350,001
Stock-based compensation - VP of Operations 116,667
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (1,160) 150,096
Accounts payable and accrued liabilities (62,987) 226,671
Related party payables (50,000) 5,000
Net cash used in operating activities (1,292,980) (1,244,391)
INVESTING ACTIVITIES:    
Proceeds received from sale of mineral property interest 100,000
Acquisition of mineral property and royalty interests (40,000) (60,000)
Net cash provided by (used in) investing activities (40,000) 40,000
FINANCING ACTIVITIES:    
Proceeds from sale of common stock 288,149
Net cash provided by financing activities 288,149
Net decrease in cash (1,332,980) (916,242)
Cash at beginning of period 5,455,294 7,036,161
Cash at end of period 4,122,314 6,119,919
NONCASH INVESTING AND FINANCING ACTIVITIES:    
Shares of common stock issued for prepaid share issuance costs 75,000
Settlement of note and interest receivable via reduction in exploration expenditures commitment $ 202,835