Note 5 - Investment in the Peak Gold JV (Tables)

6 Months Ended

Jun. 30, 2024

Roll-forward of Equity Method Investment [Table Text Block]

The following table is a roll-forward of the Company’s investment in the Peak Gold JV as of June 30, 2024:

	Investment
	in Peak Gold, LLC
Investment balance at June 30, 2023	$	—
Investment in Peak Gold, LLC		34,380,000
Loss from equity investment in Peak Gold, LLC		(6,315,595	)
Investment balance at December 31, 2023	$	28,064,405
Investment in Peak Gold, LLC		15,450,000
Loss from equity investment in Peak Gold, LLC		(140,253	)
Investment balance at March 31, 2024	$	43,374,152
Investment in Peak Gold, LLC		11,790,000
Loss from equity investment in Peak Gold, LLC		(695,633	)
Investment balance at June 30, 2024	$	54,468,519

The Joint Venture Company [Member]

Summarized Income Statement of Equity Method Investment [Table Text Block]

The following table presents the condensed unaudited results of operations for the Peak Gold JV for the three and six month periods ended June 30, 2024 and 2023 in accordance with US GAAP:

	Three Months Ended		Three Months Ended		Six Months Ended		Six Months Ended
	June 30, 2024		June 30, 2023		June 30, 2024		June 30, 2023
Revenue	$	—	$	—	$	—	$	—
Gross profit		—		—		—		—
Total expenses		2,318,775		4,534,216		2,786,285		5,214,801
NET LOSS	$	2,318,775	$	4,534,216	$	2,786,285	$	5,214,801