Capital Stock (Details Narrative) - USD ($) |
3 Months Ended | 9 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
May 15, 2024 |
Apr. 24, 2023 |
Apr. 19, 2023 |
Feb. 06, 2023 |
Sep. 23, 2022 |
Sep. 30, 2024 |
Sep. 30, 2023 |
Sep. 30, 2024 |
Sep. 30, 2023 |
Dec. 31, 2023 |
|
SaleOfStockLineItems [Line Items] | ||||||||||
Gross proceeds | $ 19,029,806 | |||||||||
Common stock, shares authorized | 300,000,000 | 300,000,000 | 300,000,000 | |||||||
Common stock par value | $ 0.001 | $ 0.001 | $ 0.001 | |||||||
preferred stock, shares authorized | 10,000,000 | 10,000,000 | ||||||||
preferred stock par value | $ 0.001 | $ 0.001 | ||||||||
Common stock, shares outstanding | 12,398,709 | 12,398,709 | 12,398,709 | |||||||
Common stock, shares issued | 12,398,709 | 12,398,709 | 12,398,709 | |||||||
Preferred stock, shares issued | 0 | 0 | ||||||||
Preferred stock, shares outstanding | 0 | 0 | ||||||||
Description of terms and conditions in the event of disclosure of mineral products | aggregate estimate of mineral resources for the Whistler Project or any other project owned or operated by the Company of 3,000,000 additional gold or gold equivalent ounces from the amount reported on the disclosure specified in the Company’s Subpart 1300 of the SEC Regulation S-K Report dated September 22, 2022, 190,500 shares of the Restricted Shares will be deemed released as of the date of such Securities Filing (or if such amount exceeds the number of shares of Restricted Shares that have not yet become Released Stock at the time, such lesser number of shares of Restricted Shares) reducing, on a proportional basis, the number of unvested shares of Restricted Shares subject to each vesting condition. | |||||||||
Share-based compensation expenses | $ 37,754 | $ 78,886 | $ 158,889 | $ 214,838 | ||||||
Intrinsic value of outstanding options | ||||||||||
Unrecognized share-based compensation expense | $ 38,883 | $ 38,883 | ||||||||
Weighted-average period unrecognized | 8 months 19 days | |||||||||
2023 Incentive Plan [Member] | ||||||||||
SaleOfStockLineItems [Line Items] | ||||||||||
Percentage of shares issued and outstanding | 10.00% | |||||||||
Description of vesting of options | The stock options are exercisable for a period of five years from the date of grant and will vest as follows: (a) 25% on the grant date; and (b) 25% on each of the dates that are 6, 12 and 18 months thereafter. | |||||||||
ATM Program [Member] | ||||||||||
SaleOfStockLineItems [Line Items] | ||||||||||
Registration, description | the Company filed a shelf registration statement on Form S-3 with the SEC, covering the offering, issuance and sale of up to $40 million of a variety of securities including the Company’s common stock, preferred stock, warrants and/ or units. Additionally, the Company entered into an At The Market Offering Agreement with a syndicate of agents for the ATM facility (the “ATM Program”). Pursuant to the ATM Program, the Company may sell up to $5.5 million shares of common stock from time to time through the sales agents. A fixed cash commission rate of 2.5% of the gross sales price per share of common stock sold under the ATM Program will be payable to the agents in connection with any such sales. During the nine months ended September 30, 2024, no shares of common stock were sold under the ATM Program. | |||||||||
Restricted Stock [Member] | ||||||||||
SaleOfStockLineItems [Line Items] | ||||||||||
Maximum number of shares of common stock may be issued | 1,000,000 | |||||||||
Performance based restricted stock granted | 635,000 | |||||||||
Restricted shares remain unvested | 254,000 | 254,000 | ||||||||
Share-based compensation expenses | $ 3,442 | $ 5,224 | $ 11,563 | $ 44,672 | ||||||
Restricted Stock [Member] | Condition One [Member] | ||||||||||
SaleOfStockLineItems [Line Items] | ||||||||||
Offering description | with respect to 15% of the Restricted Shares, if we have not re-established the Whistler Project camp and performed of a minimum of 10,000 meters of drilling prior to the date that is three years after the date of grant of such award; | |||||||||
Percentage of the Restricted Shares granted | 15.00% | |||||||||
Restricted Stock [Member] | Condition Two [Member] | ||||||||||
SaleOfStockLineItems [Line Items] | ||||||||||
Offering description | with respect to 15% of the Restricted Shares, if we have not achieved a $250,000,000 market capitalization, based on the number of shares of our outstanding common stock multiplied by the volume-weighted average price for any applicable five (5) consecutive trading day period on the principal stock exchange on which our common stock is listed prior to the date that is five years after the date of grant of such award; or | |||||||||
Percentage of the Restricted Shares granted | 15.00% | |||||||||
Restricted Stock [Member] | Condition Three [Member] | ||||||||||
SaleOfStockLineItems [Line Items] | ||||||||||
Percentage of the Restricted Shares granted | 10.00% | |||||||||
Offering description | with respect to 10% of the Restricted Shares, if we have not achieved a share price of $25.00 prior to the date that is six years after the date of grant of such award. | |||||||||
Warrant [Member] | ||||||||||
SaleOfStockLineItems [Line Items] | ||||||||||
Warrant exercise price | $ 13.00 | $ 13.00 | ||||||||
Number of warrants issued | 1,741,292 | 1,741,292 | ||||||||
Warrants outstanding, term | 1 year 6 months 21 days | 1 year 6 months 21 days | ||||||||
IPO [Member] | ||||||||||
SaleOfStockLineItems [Line Items] | ||||||||||
Number of units issued | 2,000,000 | 2,000,000 | ||||||||
Price per unit | $ 10.00 | $ 10.00 | ||||||||
Warrant exercise price | $ 13.00 | |||||||||
Gross proceeds | $ 20,000,000 | |||||||||
Securities issuance costs | 970,194 | |||||||||
Cash fees paid to the underwriters | $ 650,000 | |||||||||
Acquired units, shares | 122,490 | |||||||||
Total consideration | $ 1,224,900 |