INVESTMENT IN EQUITY SECURITIES

3 Months Ended

Mar. 31, 2024

Equity Method Investments and Joint Ventures [Abstract]

INVESTMENT IN EQUITY SECURITIES

NOTE 5 – INVESTMENT IN EQUITY SECURITIES

As at March 31, 2024 and December 31, 2023, the Company’s equity investment consisted of 511,750 common shares of Walker River Resources Corp. (“WRR”).

At March 31, 2024 and December 31, 2023, the fair value of the equity investment was $113,303 and $56,105, respectively, based on the trading price of WRR Shares at March 31, 2024 and December 31, 2023. Fair value is measured using Level 1 inputs in the fair value hierarchy. During the three-month period ended March 31, 2024, the revaluation of the equity investment in WRR resulted in a $57,198 gain on the change in fair value of the equity investment (March 31, 2023 - $88,738 loss).

The Company did not sell any WRR Shares during the three-month periods ended March 31, 2024 and 2023.