Note 18 - Segments (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Information

Three Months Ended March 31, 2025	Exploration			Peak Gold JV			Corporate and other reconciling items			Consolidated
EXPENSES:
Claim rental expense	$	(108,839	)	$	—		$	—		$	(108,839	)
Exploration expense
Johnson Tract		(238,050	)		—			—
Lucky Shot		(191,574	)		—			—
General exploration expenses		(30,379	)		—			—
Total exploration expense		(460,003	)		—			—			(460,003	)
Depreciation expense		(31,200	)		—			(2,422	)		(33,622	)
General and administrative expense		(157,600	)		—			(2,290,466	)		(2,448,066	)
Total expenses		(757,642	)		—			(2,292,888	)		(3,050,530	)
Income/(loss) from equity investment in Peak Gold, LLC		—			22,320,034			—			22,320,034
Total income/(loss) from operations		(757,642	)		22,320,034			(2,292,888	)		19,269,504
OTHER INCOME/(EXPENSE):
Interest income		—			—			231,940			231,940
Interest expense		—			—			(2,747,712	)		(2,747,712	)
Loss on derivative contracts		—			(40,475,656	)		—			(40,475,656	)
Gain on metal sales		—			1,170,820			—			1,170,820
Unrealized gain on marketable securities		—			—			226,460			226,460
Total other income/(expense)		-			(39,304,836	)		(2,289,312	)		(41,594,148	)
LOSS BEFORE INCOME TAXES	$	(757,642	)	$	(16,984,802	)	$	(4,582,200	)	$	(22,324,644	)
Total Assets		49,581,481			58,843,656			38,938,868			147,364,005
Total Liabilities		(4,963,418	)		(98,167,764	)		(64,736,244	)		(167,867,426	)
Net Assets/(Deficit)	$	44,618,063		$	(39,324,108	)	$	(25,797,376	)	$	(20,503,421	)

Three Months Ended March 31, 2024	Exploration			Peak Gold JV			Corporate and other reconciling items			Consolidated
EXPENSES:
Claim rental expense	$	(128,117	)	$	—		$	—		$	(128,117	)
Exploration expense
Johnson Tract		—			—			—
Lucky Shot		—			—			—
General exploration expenses		(86,644	)		—			—
Total exploaration expense		(86,644	)		—			—			(86,644	)
Depreciation expense		—			—			(26,996	)		(26,996	)
Accretion expense		—			—			(3,140	)		(3,140	)
General and administrative expense		—			—			(2,467,995	)		(2,467,995	)
Total expenses		(214,761	)		—			(2,498,131	)		(2,712,892	)
Income/(loss) from equity investment in Peak Gold, LLC		—			(140,253	)		—			(140,253	)
Total income/(loss) from operations		(214,761	)		(140,253	)		(2,498,131	)		(2,853,145	)
OTHER INCOME/(EXPENSE):
Interest income		—			—			12,050			12,050
Interest expense		—			—			(2,030,814	)		(2,030,814	)
Loss on derivative contracts		—			(15,625,330	)		—			(15,625,330	)
Total other income/(expense)		—			(15,625,330	)		(2,018,764	)		(17,644,094	)
LOSS BEFORE INCOME TAXES	$	(214,761	)	$	(15,765,583	)	$	(4,516,895	)	$	(20,497,239	)
As of December 31, 2024
Total Assets		51,908,779			60,706,964			21,276,520			133,892,263
Total Liabilities		(2,143,570	)		(57,692,107	)		(72,783,941	)		(132,619,618	)
Net Assets/(Deficit)	$	49,765,209		$	3,014,857		$	(51,507,421	)		1,272,645