Promissory Notes Payable, Convertible Debentures, and Silver Loan (Tables)

9 Months Ended

Sep. 30, 2024

Short-Term Debt [Line Items]

Schedule of Fair Value Derivative Liability

The resulting fair values of the CD1 and CD2 at September 30, 2024, and as of December 31, 2023, were as follows:

Instrument Description	September 30, 2024		December 31, 2023
CD1	$	5,253,730	$	5,244,757
CD2		13,329,073		13,458,570
Total	$	18,582,803	$	18,703,327

Schedule of Estimates Value of Prepayment Option by Assessing Interest Rate Movements

Reference	Valuation Date	Maturity Date	Contractual Interest Rate			Interest Rate Volatility			Risk-free rate			Credit Spread			Risk-adjusted rate
Tranche 1	Aug 8, 2024	Aug 8, 2027		15	%		31.5	%		3.86	%		12.92	%		16.78	%
Tranche 2	Sep 25, 2024	Aug 8, 2027		15	%		31.0	%		3.49	%		11.02	%		14.51	%
Tranche 1 & 2	Sep 30, 2024	Aug 8, 2027		15	%		31.5	%		3.59	%		7.98	%		11.57	%

The resulting fair values of the Silver Loan at September 30, 2024, and as of the issuance dates, were as follows:

Reference	Sep 30, 2024		Sep 25, 2024		Aug 8, 2024
Silver Loan	$	22,851,286	$	21,821,611	$	13,225,005

Convertible Debenture [Member]

Short-Term Debt [Line Items]

Schedule of Key Valuation Inputs

Consistent with the approach above, the following table summarizes the key valuation inputs as at applicable valuation dates using the binomial lattice methodology based on a Cox-Ross-Rubenstein (“CRR”) approach:

Reference (1,2,3)	Valuation date	Maturity date	Contractual Interest rate			Stock price (US$)		Expected equity volatility			Credit spread			Risk-free rate			Risk- adjusted rate
CD1 note	12-31-23	03-31-26		7.50	%		0.098		115	%		8.41	%		4.18	%		18.89	%
CD2 note	12-31-23	03-31-26		10.50	%		0.098		115	%		8.41	%		4.18	%		20.79	%
CD1 note	03-31-24	03-31-26		7.50	%		0.100		110	%		10.07	%		4.59	%		20.77	%
CD2 note	03-31-24	03-31-26		10.50	%		0.100		110	%		10.07	%		4.59	%		22.65	%
CD1 note	06-30-24	03-31-26		7.50	%		0.117		100	%		13.61	%		4.80	%		24.13	%
CD2 note	06-30-24	03-31-26		10.50	%		0.117		100	%		13.61	%		4.80	%		25.97	%
CD1 note	09-30-24	03-31-28		7.50	%		0.118		105	%		8.05	%		3.58	%		17.76	%
CD2 note	09-30-24	03-31-29		10.50	%		0.118		125	%		8.16	%		3.58	%		19.76	%