XML 27 R17.htm IDEA: XBRL DOCUMENT v3.23.4
MINERAL PROPERTIES (Details Narrative)
1 Months Ended
Nov. 08, 2021
a
mi
Oct. 29, 2014
USD ($)
a
mi
$ / gal
Mar. 06, 2013
USD ($)
a
shares
Nov. 01, 2011
USD ($)
a
Aug. 17, 2010
USD ($)
a
Aug. 31, 2023
USD ($)
Nov. 30, 2023
Santa Fe Joint Venture [Member]              
Controlling ownership interest 50.50%            
Area of project | a 80            
Area of property covered under agreement | a 1,300            
Percentage of known mining district covered 75.00%            
Area of interest radius | mi 2            
Exercise period of option 60 days            
USA Rare Earth LLC [Member] | Round Top Mountain Development Company [Member]              
Controlling ownership interest             80.389%
Texas General Land Office [Member] | August 2010 Lease [Member]              
Mining lease - acres | a         860    
Lease Bonus         $ 142,518    
Payment of lease bonus         44,718    
Lease bonus due         97,800    
Minimum advance royalty due         $ 500,000    
Production royalty of market value of uranium and fissionable materials         8.00%    
Production royalty of market value of other minerals         6.25%    
Lease extension period         1 year    
Payment of delay rental           $ 134,155  
Texas General Land Office [Member] | November 2011 Lease [Member]              
Mining lease - acres | a       90      
Lease Bonus       $ 20,700      
Minimum advance royalty due       $ 50,000      
Production royalty of market value of uranium and fissionable materials       8.00%      
Production royalty of market value of other minerals       6.25%      
Lease extension period       1 year      
Payment of delay rental           $ 13,500  
Texas General Land Office [Member] | October 2014 Surface Option and Water Lease [Member]              
Surface rights - acres | a   5,670          
Mineral lease term   16 years          
Periodic option annual payment due   $ 10,000          
Ground water lease - acres | a   13,120          
Distance from project mine | mi   4          
Annual minimum production payment   $ 5,000          
Production payment, amount per gallon | $ / gal   0.00095          
Production payment, annual amount   $ 20,000          
Rio Grande Foundation [Member] | March 2013 Lease [Member]              
Cash paid for lease     $ 500,000        
Shares issued for lease | shares     1,063,830        
Value of shares issued for lease     $ 500,000        
Periodic payment for conservation efforts     $ 45,000        
Payment period for conservation efforts     10 years        
Surface rights - acres | a     54,990        
Santa Fe Gold Corporation [Member] | Santa Fe Joint Venture [Member]              
Ownership interest 49.50%            
Round Top Mountain Development Company LLC [Member]              
Ownership interest             19.611%