The Company entered into a Securities Purchase Agreement to sell all of its rights, titles, and interest in the mining membership interests to Mackay
Mackay shall have the right at any time to repurchase 100% of the NSR Royalty for a payment of $3,500,000, provided that if the seven-year period for the Contingent Payment has lapsed the royalty buyout payment shall be increased to $7,000,000
$22,992,892 was classified as Assets Held for Sale and $6,832,924 was classified as Liabilities Held for Sale
The Company had current assets of $58,132,861 and current liabilities of $18,185,790, representing working capital excess of $39,947,071 at June 30, 2026
On January 30, 2026, the Company issued 18,181,819 registered shares of its common stock at $2.75 per share for $50,000,002 and received net proceeds of $46,140,002
two findings, in the order they were read
The filing now states the mining assets sale has been announced and removes language describing patented/unpatented mining claims and mineral resources, consistent with the Securities Purchase Agreement reason.
The report says this changed. It does not say whether that is good or bad, so neither do we.