Mineral Properties and Equipment (Tables)

9 Months Ended

Sep. 30, 2023

Mineral Properties and Equipment [Abstract]

Schedule of Mineral Properties, Pland and Equipment

MINERAL PROPERTIES AND EQUIPMENT

	Mineral properties		Property and equipment		Total
Cost
As of December 31, 2021	$	12,077,511	$	338,204	$	12,415,715
Additions		46,884,775		838,991		47,723,766
As of December 31, 2022		58,962,286		1,177,195		60,139,481
Additions		0		0		0
As of September 30, 2023	$	58,962,286	$	1,177,195	$	60,139,481
Accumulated depreciation
As of December 31, 2021	$	0	$	44,689	$	44,689
Depreciation expense		0		44,057		44,057
As of December 31, 2022		0		88,746		88,746
Depreciation expense		0		33,043		33,043
As of September 30, 2023	$	0	$	121,789	$	121,789
Net book value on September 30, 2023	$	58,962,286	$	1,055,406	$	60,017,692

Schedule of consideration paid

The following is the consideration paid in the Bullfrog Mines acquisition, which was allocated entirely to mineral properties:

Consideration:
Grant date fair value of 9,100,000 units issued	$	8,342,880
Transaction fees		97,571
Asset retirement obligation		1,130,631
Total	$	9,571,082

The following is the consideration paid in the CR Reward acquisition:

Consideration:
Cash	$	12,500,000
Grant date fair value of 7,800,000 units issued		11,516,583
Transaction fees		61,488
Second Payment		4,626,000
Deferred Payment		17,500,000
Total consideration	$	46,204,071

Schedule of Net Assets Acquired

The following is the consideration paid in the CR Reward acquisition:

Net assets acquired
Cash	$	1,299
Prepaids		9,658
Property and plant		838,992
Mineral properties		46,465,056
Accounts payable		(10,500	)
Asset retirement obligation		(1,100,434	)
Total net assets acquired	$	46,204,071