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NOTE 1 - NATURE OF BUSINESS Nevada Canyon Gold Corp. (the “Company”) was incorporated under the laws of the state of Nevada on February 27, 2014. On July 6, 2016, the Company changed its name from Tech Foundry Ventures, Inc. to Nevada Canyon Gold Corp. On December 15, 2021, the Company incorporated two subsidiaries, Nevada Canyon LLC and Canyon Carbon LLC. Both subsidiaries were incorporated under the laws of the state of Nevada. The Company is involved in acquiring and exploring mineral properties and royalty interests in Nevada and Idaho. Going Concern The Company’s condensed consolidated financial statements are prepared using accounting principles generally accepted in the United States of America (“US GAAP”) applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company is in the business of acquiring and exploring mineral properties and royalty interests and has not generated or realized any revenues from these business operations. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. As of March 31, 2024, the Company’s management has assessed the Company’s ability to continue as a going concern. Management’s assessment is based on various factors, including historical and projected financial performance, liquidity, and other relevant circumstances. As of the date of these condensed consolidated financial statements, the Company has sufficient cash including escrowed cash to meet its working capital requirements and fund its exploration programs and general day-to-day operations for at least the next 12 months. This assessment takes into account the Company’s current cash balances as a result of the sale of the Company’s common shares under offering statement on Form 1-A (the “Offering”), and expected future cash inflows from the Offering and future financing the management is planning to undertake. While the Company believes it has the financial resources to continue its operations for the next 12 months, it is important to note that there are inherent uncertainties in projecting future cash flows, and there can be no assurance that these projections will be realized. The Company continues to closely monitor its financial position, market conditions, and other factors that may impact its ability to continue as a going concern. Management’s assessment is based on the information available as of the date of this report. If unforeseen events, adverse market conditions, or other factors negatively affect the Company’s financial position in the future, there may be a need to adjust the going concern assessment. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. In the event that the Company’s ability to continue as a going concern becomes doubtful, adjustments to the carrying values of assets and liabilities, as well as additional disclosures, would be necessary.

NV 2014-02-27

NOTE 2 - BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The condensed consolidated financial statements of the Company have been prepared in accordance with US GAAP for interim financial information and the rules and regulations of the Securities and Exchange Commission (“SEC”). They do not include all information and footnotes required by US GAAP for complete financial statements. Except as disclosed herein, there have been no material changes in the information disclosed in the notes to the consolidated financial statements for the year ended December 31, 2023, included in the Company’s Annual Report on Form 10-K, filed with the SEC. The condensed consolidated financial statements should be read in conjunction with those consolidated financial statements included in Form 10-K, as amended. In the opinion of management, all adjustments considered necessary for fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the three months ended March 31, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024. Earnings per Share The Company’s basic earnings per share (“EPS”) is calculated by dividing its net income (loss) available to common stockholders by the weighted average number of common shares outstanding for the period, excluding unvested portion of restricted stock. Restricted stock that has been distributed but not yet vested and thus excluded from the weighted average shares calculation, was <span id="xdx_90C_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20240101__20240331__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--RestrictedStockMember_zbvyCwQCRyTj" title="Antidilutive securities"><span id="xdx_90E_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20230101__20231231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--RestrictedStockMember_zduHsaqPqcRh" title="Antidilutive securities">2,001,667 at March 31, 2024 and December 31, 2023. The Company’s diluted EPS is calculated by dividing its net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the period. Dilutive earnings per share includes any additional dilution from common stock equivalents, such as stock options, warrants, and convertible instruments, if the impact is not antidilutive. At March 31, 2024 and December 31, 2023, all of the Company’s outstanding warrants and restricted stock awards are excluded from the diluted earnings per share calculation because their impact would be anti-dilutive. Recent Accounting Pronouncements In August 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-05 Business Combinations - Joint Venture Formations (Subtopic 805-60): Recognition and Initial Measurement. The new guidance addresses the accounting for contributions made to a joint venture, upon formation, in a joint venture’s separate financial statements. The objectives of the amendments are to (1) provide decision useful information to investors and other allocators of capital in a joint venture’s financial statements and (2) reduce diversity in practice. The guidance is applied prospectively and effective for all newly formed joint venture entities with a formation date on or after January 1, 2025, with early adoption permitted. The Company is currently evaluating the impact of this guidance on its condensed consolidated financial statements. In December 2023, the FASB issued ASU 2023-09 (Topic 740) Improvements to Income Tax Disclosures. The new guidance requires additional disclosures of disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. The guidance is effective for annual periods beginning after December 15, 2024. The guidance should be applied on a prospective basis with the option to apply the standard retrospectively. The Company is currently evaluating the impact of this disclosure guidance on its condensed consolidated financial statements. Management does not believe that any other recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements.

Earnings per Share The Company’s basic earnings per share (“EPS”) is calculated by dividing its net income (loss) available to common stockholders by the weighted average number of common shares outstanding for the period, excluding unvested portion of restricted stock. Restricted stock that has been distributed but not yet vested and thus excluded from the weighted average shares calculation, was <span id="xdx_90C_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20240101__20240331__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--RestrictedStockMember_zbvyCwQCRyTj" title="Antidilutive securities"><span id="xdx_90E_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20230101__20231231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--RestrictedStockMember_zduHsaqPqcRh" title="Antidilutive securities">2,001,667 at March 31, 2024 and December 31, 2023. The Company’s diluted EPS is calculated by dividing its net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the period. Dilutive earnings per share includes any additional dilution from common stock equivalents, such as stock options, warrants, and convertible instruments, if the impact is not antidilutive. At March 31, 2024 and December 31, 2023, all of the Company’s outstanding warrants and restricted stock awards are excluded from the diluted earnings per share calculation because their impact would be anti-dilutive.

2001667

Recent Accounting Pronouncements In August 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-05 Business Combinations - Joint Venture Formations (Subtopic 805-60): Recognition and Initial Measurement. The new guidance addresses the accounting for contributions made to a joint venture, upon formation, in a joint venture’s separate financial statements. The objectives of the amendments are to (1) provide decision useful information to investors and other allocators of capital in a joint venture’s financial statements and (2) reduce diversity in practice. The guidance is applied prospectively and effective for all newly formed joint venture entities with a formation date on or after January 1, 2025, with early adoption permitted. The Company is currently evaluating the impact of this guidance on its condensed consolidated financial statements. In December 2023, the FASB issued ASU 2023-09 (Topic 740) Improvements to Income Tax Disclosures. The new guidance requires additional disclosures of disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. The guidance is effective for annual periods beginning after December 15, 2024. The guidance should be applied on a prospective basis with the option to apply the standard retrospectively. The Company is currently evaluating the impact of this disclosure guidance on its condensed consolidated financial statements. Management does not believe that any other recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements.

NOTE 3 – RELATED PARTY TRANSACTIONS Amounts due to related parties at March 31, 2024 and December 31, 2023: SCHEDULE OF RELATED PARTY TRANSACTIONS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="3" style="border-bottom: Black 1.5pt solid; text-align: center">March 31, 2024</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="3" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31, 2023</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Amounts due to the Chairman of the Board and Chief Financial Officer (“CFO”) (a)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_982_eus-gaap--OtherLiabilities_iI_pp0p0_c20240331__srt--TitleOfIndividualAxis__custom--ChairmanOfTheBoardChiefFinancialOfficerMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_fKGEp_zAlNpoGTWNva" style="width: 14%; text-align: right" title="Amounts due to the Chief Executive Officer">100,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_984_eus-gaap--OtherLiabilities_iI_pp0p0_c20231231__srt--TitleOfIndividualAxis__custom--ChairmanOfTheBoardChiefFinancialOfficerMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_fKGEp_z6JElsPc5kH5" style="width: 14%; text-align: right" title="Amounts due to the Chief Executive Officer">100,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Amounts due to a company controlled by the Chairman of the Board and CFO (a)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_988_eus-gaap--OtherLiabilities_iI_pp0p0_c20240331__srt--TitleOfIndividualAxis__custom--CompanyControlledByTtheChairmanoftheBoarDandCFOMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_fKGEp_zphyDeqDQgDc" style="border-bottom: Black 1.5pt solid; text-align: right" title="Amounts due to a company controlled by the CEO">360,000</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--OtherLiabilities_iI_pp0p0_c20231231__srt--TitleOfIndividualAxis__custom--CompanyControlledByTtheChairmanoftheBoarDandCFOMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_fKGEp_z3p2fBKk8p51" style="border-bottom: Black 1.5pt solid; text-align: right" title="Amounts due to a company controlled by the CEO">360,000</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total related party payables</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98A_eus-gaap--OtherLiabilities_iI_pp0p0_c20240331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_znLikOvHrT4i" style="border-bottom: Black 2.5pt double; text-align: right" title="Total related party payables">460,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98B_eus-gaap--OtherLiabilities_iI_pp0p0_c20231231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_zCdHmrjbyf56" style="border-bottom: Black 2.5pt double; text-align: right" title="Total related party payables">460,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in; text-align: justify">(a)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">These amounts are non-interest bearing, unsecured and due on demand.</td></tr> </table> During the three-month periods ended March 31, 2024 and 2023, the Company had the following transactions with its related parties: SCHEDULE OF TRANSACTIONS WITH ITS RELATED PARTIES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="3" id="xdx_49F_20240101__20240331_zpzGNOG0RxC8" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2024</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="3" id="xdx_49C_20230101__20230331_z2mK2wO18FJb" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2023</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="7" style="border-bottom: Black 1.5pt solid; text-align: center">Three months ended March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="3" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2024</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="3" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2023</td></tr> <tr id="xdx_400_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_hsrt--TitleOfIndividualAxis__custom--ChairmanOfTheBoardCFOMember_zl1sZc5CkAGk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Director stock-based compensation incurred to the Chairman of the Board and CFO</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">82,059</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">81,380</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_hsrt--TitleOfIndividualAxis__srt--DirectorMember_zZg9YXu5PKeh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Director stock-based compensation incurred to a director</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">40,927</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">40,588</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_hsrt--TitleOfIndividualAxis__custom--CEOPresidentAndDirectorMember_zU2qPQOAazHi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Director stock-based compensation incurred to CEO, President, and director</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">122,781</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">121,765</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_hsrt--TitleOfIndividualAxis__custom--VPOfOperationsMember_zLU36yNk7cvc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Officer stock-based compensation incurred to VP of Operations</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">175,000</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">58,333</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_zetcobFOHuB" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total related party transactions</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">420,767</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">302,066</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> See Note 4 – Mineral Property Interests for further information on related party transactions and Note 6 – Stockholders’ Equity for further information regarding stock issued to related parties.

Amounts due to related parties at March 31, 2024 and December 31, 2023: SCHEDULE OF RELATED PARTY TRANSACTIONS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="3" style="border-bottom: Black 1.5pt solid; text-align: center">March 31, 2024</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="3" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31, 2023</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Amounts due to the Chairman of the Board and Chief Financial Officer (“CFO”) (a)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_982_eus-gaap--OtherLiabilities_iI_pp0p0_c20240331__srt--TitleOfIndividualAxis__custom--ChairmanOfTheBoardChiefFinancialOfficerMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_fKGEp_zAlNpoGTWNva" style="width: 14%; text-align: right" title="Amounts due to the Chief Executive Officer">100,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_984_eus-gaap--OtherLiabilities_iI_pp0p0_c20231231__srt--TitleOfIndividualAxis__custom--ChairmanOfTheBoardChiefFinancialOfficerMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_fKGEp_z6JElsPc5kH5" style="width: 14%; text-align: right" title="Amounts due to the Chief Executive Officer">100,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Amounts due to a company controlled by the Chairman of the Board and CFO (a)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_988_eus-gaap--OtherLiabilities_iI_pp0p0_c20240331__srt--TitleOfIndividualAxis__custom--CompanyControlledByTtheChairmanoftheBoarDandCFOMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_fKGEp_zphyDeqDQgDc" style="border-bottom: Black 1.5pt solid; text-align: right" title="Amounts due to a company controlled by the CEO">360,000</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--OtherLiabilities_iI_pp0p0_c20231231__srt--TitleOfIndividualAxis__custom--CompanyControlledByTtheChairmanoftheBoarDandCFOMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_fKGEp_z3p2fBKk8p51" style="border-bottom: Black 1.5pt solid; text-align: right" title="Amounts due to a company controlled by the CEO">360,000</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total related party payables</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98A_eus-gaap--OtherLiabilities_iI_pp0p0_c20240331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_znLikOvHrT4i" style="border-bottom: Black 2.5pt double; text-align: right" title="Total related party payables">460,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98B_eus-gaap--OtherLiabilities_iI_pp0p0_c20231231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_zCdHmrjbyf56" style="border-bottom: Black 2.5pt double; text-align: right" title="Total related party payables">460,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in; text-align: justify">(a)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">These amounts are non-interest bearing, unsecured and due on demand.</td></tr> </table>

100000

360000

460000

During the three-month periods ended March 31, 2024 and 2023, the Company had the following transactions with its related parties: SCHEDULE OF TRANSACTIONS WITH ITS RELATED PARTIES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="3" id="xdx_49F_20240101__20240331_zpzGNOG0RxC8" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2024</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="3" id="xdx_49C_20230101__20230331_z2mK2wO18FJb" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2023</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="7" style="border-bottom: Black 1.5pt solid; text-align: center">Three months ended March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="3" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2024</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="3" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2023</td></tr> <tr id="xdx_400_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_hsrt--TitleOfIndividualAxis__custom--ChairmanOfTheBoardCFOMember_zl1sZc5CkAGk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Director stock-based compensation incurred to the Chairman of the Board and CFO</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">82,059</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">81,380</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_hsrt--TitleOfIndividualAxis__srt--DirectorMember_zZg9YXu5PKeh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Director stock-based compensation incurred to a director</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">40,927</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">40,588</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_hsrt--TitleOfIndividualAxis__custom--CEOPresidentAndDirectorMember_zU2qPQOAazHi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Director stock-based compensation incurred to CEO, President, and director</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">122,781</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">121,765</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_hsrt--TitleOfIndividualAxis__custom--VPOfOperationsMember_zLU36yNk7cvc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Officer stock-based compensation incurred to VP of Operations</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">175,000</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">58,333</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_zetcobFOHuB" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total related party transactions</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">420,767</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">302,066</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

82059

81380

40927

40588

122781

121765

175000

58333

420767

302066

NOTE 4 – MINERAL PROPERTY INTERESTS As of March 31, 2024, the Company’s mineral property interests are comprised of the Lazy Claims Property, the Loman Property, and the Agai-Pah Property located in Mineral County, Nevada, the Swales Property located in Elko County, Nevada, and the Belshazzar Property located in Quartzburg mining district, Boise County, Idaho. In addition, the Company acquired an option to acquire <span id="xdx_90F_eus-gaap--BusinessAcquisitionPercentageOfVotingInterestsAcquired_iI_pid_dp_uPure_c20240331__us-gaap--BusinessAcquisitionAxis__custom--TargetMineralsIncMember_zO7Sc9yFT3ti" title="Percentage of acquire interest">100% interest of Target Minerals, Inc’s (“Target”) <span id="xdx_90E_ecustom--RoyaltyPercentage_pid_dp_uPure_c20240101__20240331__us-gaap--TypeOfArrangementAxis__custom--OlinghouseProjectAgreementMember_zpKOprOKvszh" title="Percentage of production royalty pay based on gross returns">1% production royalty on the Olinghouse Project, located in the Olinghouse Mining District, Washoe County, Nevada, and acquired <span id="xdx_90D_ecustom--RoyaltyPercentage_pid_dp_uPure_c20240101__20240331__us-gaap--TypeOfArrangementAxis__custom--PalmettoProjectAgreementMember_z2YOynw4udAc" title="Percentage of production royalty pay based on gross returns">2% net smelter returns royalty (“NSR”) on the Palmetto Project (the “Project”), located in Esmeralda County, Nevada. SCHEDULE OF MINERAL PROPERTY INTERESTS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: justify">Property/Project</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="3" id="xdx_49D_20240331_zUyGAz6gF81j" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">March 31, 2024</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="3" id="xdx_490_20231231_zLcTzlu5rjY" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31, 2023</td></tr> <tr id="xdx_404_eus-gaap--MineralPropertiesNet_iI_hdei--LegalEntityAxis__custom--LazyCliamsMember_zU2OnFcH2jX3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Lazy Claims</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--MineralPropertiesNet_iI_hdei--LegalEntityAxis__custom--LomanMember_znwYYuTkaiIa" style="vertical-align: bottom; background-color: White"> <td style="width: 64%">Loman</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">10,395</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">10,395</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--MineralPropertiesNet_iI_hdei--LegalEntityAxis__custom--AgaiPahMember_zoj8wXhTN3wa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Agai-Pah</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">60,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">60,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--MineralPropertiesNet_iI_hdei--LegalEntityAxis__custom--BelshazzarMember_zqDwdKOv5N5j" style="vertical-align: bottom; background-color: White"> <td>Belshazzar</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">60,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">60,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--MineralPropertiesNet_iI_hdei--LegalEntityAxis__custom--SwalesMember_zwSVbwjv1RA2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Swales</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">60,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">60,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--MineralPropertiesNet_iI_hdei--LegalEntityAxis__custom--OlinghouseMember_zDZCe7EzJu92" style="vertical-align: bottom; background-color: White"> <td>Olinghouse</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">240,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">240,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--MineralPropertiesNet_iI_hdei--LegalEntityAxis__custom--PalmettoProjectMember_zD8pILsl9M53" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Palmetto Project</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">350,000</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">350,000</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--MineralPropertiesNet_iI_z4bUxIUufVob" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1.5pt">Total</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">780,395</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">780,395</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> Lazy Claims Property On August 2, 2017, the Company entered into an exploration lease agreement (the “Lazy Claims Agreement”) with Tarsis Resources US Inc. (“Tarsis”), a Nevada corporation, to lease the Lazy Claims, consisting of three claims. <span id="xdx_90B_eus-gaap--LesseeOperatingLeaseDescription_c20170801__20170802__us-gaap--TypeOfArrangementAxis__custom--LeaseAgreementMember__dei--LegalEntityAxis__custom--TarsisResourcesUSIncMember_zxoGgR9AmxHj" title="Lease description">The term of the Lazy Claims Agreement is ten years, and is subject to extension for additional two consecutive <span id="xdx_90C_eus-gaap--LesseeOperatingLeaseTermOfContract_iI_dtY_c20170802__us-gaap--TypeOfArrangementAxis__custom--LeaseAgreementMember__dei--LegalEntityAxis__custom--TarsisResourcesUSIncMember_ziFyUS6cFkqf" title="Extension agreement term">10-year terms. Full consideration of the Lazy Claims Agreement consists of the following: an initial cash payment of $<span id="xdx_901_ecustom--InitialCashPaymentOfLease_c20170801__20170802__us-gaap--TypeOfArrangementAxis__custom--LeaseAgreementMember__dei--LegalEntityAxis__custom--TarsisResourcesUSIncMember_zI8U1f9ggJFb" title="Initial cash payment of lease">1,000 to Tarsis, paid upon the execution of the Lazy Claims Agreement, with $<span id="xdx_902_eus-gaap--OperatingLeasePayments_c20170801__20170802__us-gaap--TypeOfArrangementAxis__custom--LeaseAgreementMember__dei--LegalEntityAxis__custom--TarsisResourcesUSIncMember_zR7iz6fVdXMi" title="Lease payable">2,000 payable to Tarsis on each subsequent anniversary of the effective date. The Company agreed to pay Tarsis a <span id="xdx_903_ecustom--RoyaltyPercentage_pid_dp_uPure_c20170801__20170802__us-gaap--TypeOfArrangementAxis__custom--LeaseAgreementMember__dei--LegalEntityAxis__custom--TarsisResourcesUSIncMember_zE9NgmwNgIOd" title="Royalty percentage">2% production royalty (the “Lazy Claims Royalty”) based on the gross returns from the production and sale of minerals from the Lazy Claims. Should the Lazy Claims Royalty payments to Tarsis be in excess of $2,000 per year, the Company will not be required to pay a $<span id="xdx_908_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iI_c20170802__us-gaap--TypeOfArrangementAxis__custom--LeaseAgreementMember__dei--LegalEntityAxis__custom--TarsisResourcesUSIncMember_zwb6ttHyksGb" title="Annual minimum payment">2,000 annual minimum payment. During the three-month periods ended March 31, 2024 and 2023, the Company did not incur any expenses associated with the Lazy Claims. Loman Property In December 2019, the Company acquired 27 mining claims for a total of $10,395. The claims were acquired by the Company from a third-party. During the three-month periods ended March 31, 2024 and 2023, the Company did not incur any expenses associated with the Loman Claims. Agai-Pah Property On May 19, 2021, the Company entered into exploration lease with option to purchase agreement (the “Agai-Pah Property Agreement”) with MSM Resource, L.L.C. (“MSM”), a <span id="xdx_905_eus-gaap--DescriptionOfCurrentStatusOfProject_c20210518__20210519__us-gaap--TypeOfArrangementAxis__custom--AgaiPahPropertyAgreementMember__dei--LegalEntityAxis__custom--MSMResourceLLCMember_zx5s0Yy2jH07" title="Description of current status of project">Nevada limited liability Corporation on the Agai-Pah Property, consisting of <span id="xdx_904_ecustom--NumberOfMiningPropertiesUnpatented_iI_uInteger_c20210519__us-gaap--TypeOfArrangementAxis__custom--AgaiPahPropertyAgreementMember__dei--LegalEntityAxis__custom--MSMResourceLLCMember_zFSvtIRwWKSl" title="Number of mining properties unpatented">20 unpatented mining claims totaling <span id="xdx_903_eus-gaap--AreaOfLand_iI_uSqft_c20210519__us-gaap--TypeOfArrangementAxis__custom--AgaiPahPropertyAgreementMember__dei--LegalEntityAxis__custom--MSMResourceLLCMember_zKFW0Haxztgk" title="Area of land">400 acres, located in sections 32 & 33, T4N, R34E, MDM, Mineral County, Nevada about 10 miles northeast of the town of Hawthorne (the “Agai-Pah Property”). Alan Day, the managing member of MSM, is the CEO, President, and director of the Company. The term of the Agreement commenced on May 19, 2021, and continues for ten years, subject to the Company’s right to extend the Agai-Pah Property Agreement for two additional terms of ten years each, and subject to the Company’s option to purchase the Property. Full consideration of the Agai-Pah Property Agreement consists of the following: (i) an initial cash payment of $<span id="xdx_907_eus-gaap--PaymentsToAcquireLeasesHeldForInvestment_c20210518__20210519__us-gaap--TypeOfArrangementAxis__custom--AgaiPahPropertyAgreementMember__dei--LegalEntityAxis__custom--MSMResourceLLCMember_zr89WBIsEPYg" title="Anniversary payment">20,000 to be paid within 90 days from the execution of the Agai-Pah Property Agreement on May 19, 2021 (the “Effective Date”), and (ii) annual payments of $<span id="xdx_90E_ecustom--AnnualPayments_c20210518__20210519__us-gaap--TypeOfArrangementAxis__custom--AgaiPahPropertyAgreementMember__dei--LegalEntityAxis__custom--MSMResourceLLCMember_zUI41iy640mg" title="Annual payments">20,000 to be paid on the anniversary of the Effective Date while the Agai-Pah Property Agreement remains in effect. <span id="xdx_908_ecustom--ExclusiveOptionIssuedToAcquirePropertyDescription_c20210518__20210519__us-gaap--TypeOfArrangementAxis__custom--AgaiPahPropertyAgreementMember__dei--LegalEntityAxis__custom--MSMResourceLLCMember_ziiDWAwqs5n7" title="Option to acquire property, description">The Company has the exclusive option and right to acquire <span id="xdx_90A_ecustom--PercentageOwnershipOfProperty_iI_pid_dp_uPure_c20210519__us-gaap--TypeOfArrangementAxis__custom--AgaiPahPropertyAgreementMember__dei--LegalEntityAxis__custom--MSMResourceLLCMember_zG80iBJE0Ptd" title="Percentage of ownership property">100% ownership of the Agai-Pah Property (the “Agai-Pah Purchase Option”). To exercise the Agai-Pah Purchase Option, the Company will be required to pay $<span id="xdx_90A_eus-gaap--PaymentsToAcquireMineralRights_c20210518__20210519__us-gaap--TypeOfArrangementAxis__custom--AgaiPahPropertyAgreementMember__dei--LegalEntityAxis__custom--MSMResourceLLCMember_z8ATh28PBhk7" title="Payments to acquire mineral interest">750,000 (the “Agai-Pah Purchase Price”). The Agai-Pah Purchase Price can be paid in either cash and/or equity of the Company, or a combination thereof, at the election of MSM. The annual payments paid by the Company to MSM, shall not be applied or credited against the Purchase Price. During the three-month periods ended March 31, 2024 and 2023, the Company did not incur any expenses associated with the Agai-Pah Property. Belshazzar Property On June 4, 2021, the Company entered into exploration lease with option to purchase agreement (the “Belshazzar Property Agreement”) with Belshazzar Holdings, L.L.C. (“Belshazzar”), <span id="xdx_905_eus-gaap--DescriptionOfCurrentStatusOfProject_c20210603__20210604__us-gaap--TypeOfArrangementAxis__custom--BelshazzarPropertyAgreementMember__dei--LegalEntityAxis__custom--BelshazzarHoldingsLLCMember_zquhgVycOnS7" title="Description of current status of project">a Nevada Limited Liability Corporation on the Belshazzar Property, consisting of ten unpatented lode mining claims and seven unpatented placer mineral claims totaling 200 acres, within Quartzburg mining district, in Boise County, Idaho (the “Belshazzar Property”). Alan Day, the managing member of Belshazzar, is the CEO, President, and director of the Company. <span id="xdx_905_ecustom--ExtensionOfAgreementDescription_c20210603__20210604__us-gaap--TypeOfArrangementAxis__custom--BelshazzarPropertyAgreementMember__dei--LegalEntityAxis__custom--BelshazzarHoldingsLLCMember_zR5TGrrZNrO3" title="Extension of agreement, description">The term of the Belshazzar Property Agreement commenced on June 4, 2021, and continues for ten years, subject to the Company’s right to extend the Belshazzar Property Agreement for two additional terms of ten years each, and subject to the Company’s option to purchase the Belshazzar Property. Full consideration of the Belshazzar Property Agreement consists of the following: (i) an initial cash payment of $<span id="xdx_90F_eus-gaap--PaymentsToAcquireLeasesHeldForInvestment_c20210603__20210604__us-gaap--TypeOfArrangementAxis__custom--BelshazzarPropertyAgreementMember__dei--LegalEntityAxis__custom--BelshazzarHoldingsLLCMember_zhMj1K2kSqkg" title="Anniversary payment">20,000 to be paid within 90 days from the execution of the Belshazzar Property Agreement on June 4, 2021 (the “effective date”), and (ii) annual payments of $<span id="xdx_90A_ecustom--AnnualPayments_c20210603__20210604__us-gaap--TypeOfArrangementAxis__custom--BelshazzarPropertyAgreementMember__dei--LegalEntityAxis__custom--BelshazzarHoldingsLLCMember_zxULy0Yn9yr7" title="Annual payments">20,000 to be paid on the anniversary of the Effective Date while the Belshazzar Property Agreement remains in effect. <span id="xdx_906_ecustom--ExclusiveOptionIssuedToAcquirePropertyDescription_c20210603__20210604__us-gaap--TypeOfArrangementAxis__custom--BelshazzarPropertyAgreementMember__dei--LegalEntityAxis__custom--BelshazzarHoldingsLLCMember_zYfEsW8N3Dc4" title="Option to acquire property, description">The Company has the exclusive option and right to acquire <span id="xdx_902_ecustom--PercentageOwnershipOfProperty_iI_pid_dp_uPure_c20210604__us-gaap--TypeOfArrangementAxis__custom--AgaiPahPropertyAgreementMember__dei--LegalEntityAxis__custom--BelshazzarHoldingsLLCMember_zAjGfSRCcCz5" title="Percentage of ownership property">100% ownership of the Belshazzar Property (the “Belshazzar Purchase Option”). To exercise the Belshazzar Purchase Option, the Company will be required to pay $<span id="xdx_90D_eus-gaap--PaymentsToAcquireMineralRights_c20210603__20210604__dei--LegalEntityAxis__custom--BelshazzarHoldingsLLCMember__us-gaap--TypeOfArrangementAxis__custom--BelshazzarPropertyAgreementMember_zKALWWfcolVb" title="Payments to acquire mineral interest">800,000 (the “Belshazzar Purchase Price”). The Belshazzar Purchase Price can be paid in either cash and/or equity of the Company, or a combination thereof, at the election of Belshazzar. The annual payments paid by the Company to BH, shall not be applied or credited against the Belshazzar Purchase Price. The Belshazzar Property is subject to a <span id="xdx_90E_ecustom--RoyaltyPercentage_pid_dp_uPure_c20210603__20210604__dei--LegalEntityAxis__custom--BelshazzarHoldingsLLCMember__us-gaap--TypeOfArrangementAxis__custom--BelshazzarPropertyAgreementMember_zqLM6IP8fr78" title="Payments to acquire rights of the property">1% Gross Returns Royalty payable to the property owner, from the commencement of commercial production subject to certain terms. During the three-month periods ended March 31, 2024 and 2023, the Company did not incur any expenses associated with the Belshazzar Property. Swales Property On December 27, 2021, the Company entered into exploration lease with option to purchase agreement (the “Swales Property Agreement”) with Mr. W. Wright Parks III., (“Mr. Parks”) on <span id="xdx_908_eus-gaap--DescriptionOfCurrentStatusOfProject_c20211226__20211227__us-gaap--TypeOfArrangementAxis__custom--SwalesPropertyAgreementMember__dei--LegalEntityAxis__custom--WrightParksIIIMember_zqsRhUL3rCEk" title="Description of current status of project">the Swales Property, consisting of 40 unpatented lode mining claims totaling 800 acres, within Swales Mountain Mining District in Elko County, Nevada (the “Swales Property”). <span id="xdx_90D_ecustom--ExtensionOfAgreementDescription_c20211226__20211227__us-gaap--TypeOfArrangementAxis__custom--SwalesPropertyAgreementMember__dei--LegalEntityAxis__custom--WrightParksIIIMember_zOIpD6yOiT7a" title="Extension of agreement, description">The term of the Swales Property Agreement commenced on December 27, 2021, and continues for ten years, subject to the Company’s right to extend the Swales Property Agreement for two additional terms of ten years each, and subject to the Company’s option to purchase the Swales Property. Full consideration of the Swales Property Agreement consists of the following: (i) an initial cash payment of $<span id="xdx_90A_eus-gaap--PaymentsToAcquireLeasesHeldForInvestment_c20211226__20211227__us-gaap--TypeOfArrangementAxis__custom--SwalesPropertyAgreementMember__dei--LegalEntityAxis__custom--WrightParksIIIMember_zyDuqI6EKDY5" title="Anniversary payment">20,000 to be paid within 90 days from the execution of the Swales Property Agreement on December 27, 2021 (the “Effective Date”), and (ii) annual payments of $<span id="xdx_904_ecustom--AnnualPayments_c20211226__20211227__us-gaap--TypeOfArrangementAxis__custom--SwalesPropertyAgreementMember__dei--LegalEntityAxis__custom--WrightParksIIIMember_zTZ5aWbULNbi" title="Annual payments">20,000 to be paid on the anniversary of the Effective Date while the Swales Property Agreement remains in effect. <span id="xdx_909_eus-gaap--MinorityInterestDescription_c20211226__20211227__us-gaap--TypeOfArrangementAxis__custom--SwalesPropertyAgreementMember__dei--LegalEntityAxis__custom--WrightParksIIIMember_zu7d2cimGw79" title="Noncontrolling interest, description">The Company has the exclusive option and right to acquire <span id="xdx_901_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20211227__us-gaap--TypeOfArrangementAxis__custom--SwalesPropertyAgreementMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--WrightParksIIIMember_z3BDlaYKLnQj" title="Equity method investment, ownership percentage">100% ownership of the Swales Property (the “Swales Purchase Option”). To exercise the Swales Purchase Option, the Company will be required to pay $<span id="xdx_90B_eus-gaap--PaymentsToAcquireEquityMethodInvestments_c20211226__20211227__us-gaap--TypeOfArrangementAxis__custom--SwalesPropertyAgreementMember__dei--LegalEntityAxis__custom--WrightParksIIIMember_zdqezLsJ1JZj" title="Payments to acquire equity method investments">750,000 (the “Swales Purchase Price”). The Swales Purchase Price can be paid in either cash and/or equity of the Company, or a combination thereof, at the election of Mr. Parks. The annual payments paid by the Company to Mr. Parks, shall not be applied or credited against the Swales Purchase Price. The Company made the initial cash payment of $<span id="xdx_901_eus-gaap--PaymentsToAcquireMineralRights_c20220114__20220115__us-gaap--TypeOfArrangementAxis__custom--SwalesPropertyAgreementMember__dei--LegalEntityAxis__custom--WrightParksIIIMember_zub1cXFZRf6g" title="Initial cash payment">20,000 on January 15, 2022, and made the first $<span id="xdx_900_eus-gaap--PaymentsToAcquireMineralRights_c20230314__20230314__us-gaap--TypeOfArrangementAxis__custom--SwalesPropertyAgreementMember__dei--LegalEntityAxis__custom--WrightParksIIIMember_zUMmNcws1kCg" title="Payments to acquire mineral interest">20,000 anniversary payment on March 14, 2023, which was accrued at December 31, 2022. At December 31, 2023, the Company accrued the second $<span id="xdx_903_eus-gaap--PaymentsToAcquireMineralRights_c20240216__20240216__us-gaap--TypeOfArrangementAxis__custom--SwalesPropertyAgreementMember__dei--LegalEntityAxis__custom--WrightParksIIIMember_zD4kAmFVGDmj" title="Payments to acquire mineral interest">20,000 anniversary payment, which was paid on February 16, 2024. During the three-month periods ended March 31, 2024 and 2023, the Company did not incur any exploration expenses associated with the Swales Property. Olinghouse Project On December 17, 2021, the Company’s wholly-owned subsidiary, Nevada Canyon, LLC, entered into an Option to Purchase Agreement (the “Olinghouse Agreement”) with Target Minerals, Inc (“Target”), a private <span id="xdx_908_eus-gaap--DescriptionOfCurrentStatusOfProject_c20211216__20211217__us-gaap--TypeOfArrangementAxis__custom--OlinghouseProjectAgreementMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--TargetMineralsIncMember_z0C7KWAfUsma" title="Description of current status of project">Nevada company, to acquire <span id="xdx_909_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20211217__us-gaap--TypeOfArrangementAxis__custom--OlinghouseProjectAgreementMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--TargetMineralsIncMember_zByrk2GUKNm6" title="Equity method investment, ownership percentage">100% interest of Target’s 1% production royalty on the Olinghouse Project, located in the Olinghouse Mining District, Washoe County, Nevada. The Company has the exclusive right and option (the “Olinghouse Purchase Option”), exercisable at any time during <span id="xdx_903_ecustom--NetSmelterRoyaltyDescription_c20211216__20211217__us-gaap--TypeOfArrangementAxis__custom--OlinghouseProjectAgreementMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--TargetMineralsIncMember_zZv4is2KSLAe" title="Aquisition of net smelter royalty, description">the Olinghouse Option period, at its sole discretion, to acquire 100% of a 1% production royalty from the net smelter returns on all minerals and products produced from certain properties comprising the Olinghouse Project. The term of the Olinghouse Purchase Option shall be the later of one year, or 60 days after the date on which the Company delivers to Target a written notice to exercise the Olinghouse Purchase Option, subject to further extension if Target’s conditions to closing are not fully satisfied or otherwise waived by the Company. Full consideration of the Olinghouse Agreement consists of the following: (i) an initial cash option payment of $<span id="xdx_909_eus-gaap--PaymentsToAcquireRoyaltyInterestsInMiningProperties_c20211218__20211218__us-gaap--TypeOfArrangementAxis__custom--OlinghouseProjectAgreementMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--TargetMineralsIncMember_z25mCNic9g0g" title="Cash option payment to acquire royalty interest">200,000 payable upon execution of the Agreement, which the Company paid on December 18, 2021, and (ii) purchase price (the “Olinghouse Purchase Price”) which shall be paid by the Company to Target in either cash or common shares of the Company, the determination of which shall be as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">if the Company’s 10-day volume weighted average price (“VWAP”) Calculation is less than $<span id="xdx_900_eus-gaap--SharesIssuedPricePerShare_iI_c20211227__us-gaap--TypeOfArrangementAxis__custom--OlinghouseProjectAgreementMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--TargetMineralsIncMember__us-gaap--AwardTypeAxis__custom--VolumeWeightedAveragePriceMember_z1yho3618yT4" title="Purchase price per share">1.25 per share, the Olinghouse Purchase Price shall be paid in cash; or</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">if the Company’s 10-day VWAP Calculation is more than $<span id="xdx_902_eus-gaap--SharesIssuedPricePerShare_iI_pid_c20211217__us-gaap--TypeOfArrangementAxis__custom--OlinghouseProjectAgreementMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--TargetMineralsIncMember__us-gaap--AwardTypeAxis__custom--VolumeWeightedAveragePriceMember_zG5qOdXBGel4" title="Purchase price per share">1.25 per share, the Olinghouse Purchase Price shall be paid in the form of <span id="xdx_909_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_pid_c20211216__20211217__us-gaap--TypeOfArrangementAxis__custom--OlinghouseProjectAgreementMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--TargetMineralsIncMember__us-gaap--AwardTypeAxis__custom--VolumeWeightedAveragePriceMember_z56OmzJajvYk" title="Common stock shares">2,000,000 Shares of the Company’s common stock.</td></tr> </table> On December 23, 2022, the Company and Target agreed to extend the Olinghouse Purchase Option for an additional one-year term, expiring on December 17, 2023, for a one-time cash payment of $<span id="xdx_90F_eus-gaap--PaymentsToAcquireRoyaltyInterestsInMiningProperties_c20221220__20221223__us-gaap--TypeOfArrangementAxis__custom--OlinghouseProjectAgreementMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--TargetMineralsIncMember_z37LPh1L8REe" title="Cash option payment to acquire royalty interest">40,000. In December of 2023, in accordance with Article 3 of the Olinghouse Agreement, the Company notified Target that the Company intends to exercise its option to acquire the <span id="xdx_900_ecustom--NetSmelterReturnsRoyaltyPercentage_pid_dp_uPure_c20221220__20221223__us-gaap--TypeOfArrangementAxis__custom--OlinghouseProjectAgreementMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--TargetMineralsIncMember_zfljWVHmuzv" title="Net smelter returns royalty percentage">1% production royalty on the Olinghouse Project. As of the date of these condensed consolidated financial statements, the Company has not received the Royalty deed. The Company intends to make the final option payment once it received fully executed Royalty deed from Target. During the three-month periods ended March 31, 2024 and 2023, the Company did not incur any additional expenses associated with the Olinghouse Project. Palmetto Project On January 27, 2022, <span id="xdx_90C_eus-gaap--DescriptionOfCurrentStatusOfProject_c20220125__20220127__us-gaap--TypeOfArrangementAxis__custom--RoyaltyPurchaseAgreementMember__dei--LegalEntityAxis__custom--SmoothRockVenturesLLCMember_zhYrlN6nErCi" title="Description of current status of project">Nevada Canyon, LLC entered into a Royalty Purchase Agreement with Smooth Rock Ventures, LLC, a wholly-owned subsidiary of Smooth Rock Ventures Corp. (“Smooth Rock”), to acquire a <span id="xdx_903_ecustom--NetSmelterReturnsRoyaltyPercentage_pid_dp_uPure_c20220125__20220127__us-gaap--TypeOfArrangementAxis__custom--RoyaltyPurchaseAgreementMember__dei--LegalEntityAxis__custom--SmoothRockVenturesLLCMember_z8uVzwEauVZf" title="Net smelter returns royalty percentage">2% net smelter returns royalty on the Palmetto Project. Alan Day, the Company’s CEO, President, and director, is also a director of Smooth Rock. To acquire the <span id="xdx_903_ecustom--NetSmelterReturnsRoyaltyPercentage_pid_dp_uPure_c20220125__20220127__us-gaap--TypeOfArrangementAxis__custom--RoyaltyPurchaseAgreementMember__dei--LegalEntityAxis__custom--SmoothRockVenturesLLCMember_zQRwW7ws55W5" title="Net smelter returns royalty percentage">2% NSR on the Palmetto Project, Nevada Canyon agreed to pay Smooth Rock a one-time cash payment of $<span id="xdx_90C_ecustom--OneTimeCashPayment_c20220205__20220207__us-gaap--TypeOfArrangementAxis__custom--RoyaltyPurchaseAgreementMember__dei--LegalEntityAxis__custom--SmoothRockVenturesLLCMember_zC0cGhSkhXLg" title="One-time cash payment">350,000, which was paid on February 7, 2022. During the three-month periods ended March 31, 2024 and 2023, the Company did not incur any additional expenses associated with the Palmetto Project.

0.01 0.02 SCHEDULE OF MINERAL PROPERTY INTERESTS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: justify">Property/Project</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="3" id="xdx_49D_20240331_zUyGAz6gF81j" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">March 31, 2024</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="3" id="xdx_490_20231231_zLcTzlu5rjY" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31, 2023</td></tr> <tr id="xdx_404_eus-gaap--MineralPropertiesNet_iI_hdei--LegalEntityAxis__custom--LazyCliamsMember_zU2OnFcH2jX3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Lazy Claims</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--MineralPropertiesNet_iI_hdei--LegalEntityAxis__custom--LomanMember_znwYYuTkaiIa" style="vertical-align: bottom; background-color: White"> <td style="width: 64%">Loman</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">10,395</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; text-align: right">10,395</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--MineralPropertiesNet_iI_hdei--LegalEntityAxis__custom--AgaiPahMember_zoj8wXhTN3wa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Agai-Pah</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">60,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">60,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--MineralPropertiesNet_iI_hdei--LegalEntityAxis__custom--BelshazzarMember_zqDwdKOv5N5j" style="vertical-align: bottom; background-color: White"> <td>Belshazzar</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">60,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">60,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--MineralPropertiesNet_iI_hdei--LegalEntityAxis__custom--SwalesMember_zwSVbwjv1RA2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Swales</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">60,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">60,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--MineralPropertiesNet_iI_hdei--LegalEntityAxis__custom--OlinghouseMember_zDZCe7EzJu92" style="vertical-align: bottom; background-color: White"> <td>Olinghouse</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">240,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">240,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--MineralPropertiesNet_iI_hdei--LegalEntityAxis__custom--PalmettoProjectMember_zD8pILsl9M53" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Palmetto Project</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">350,000</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">350,000</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--MineralPropertiesNet_iI_z4bUxIUufVob" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 1.5pt">Total</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">780,395</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">780,395</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table>

10395

60000

240000

350000

780395

The term of the Lazy Claims Agreement is ten years, and is subject to extension for additional two consecutive 10-year terms. Full consideration of the Lazy Claims Agreement consists of the following: an initial cash payment of $1,000 to Tarsis, paid upon the execution of the Lazy Claims Agreement, with $2,000 payable to Tarsis on each subsequent anniversary of the effective date. The Company agreed to pay Tarsis a 2% production royalty (the “Lazy Claims Royalty”) based on the gross returns from the production and sale of minerals from the Lazy Claims. Should the Lazy Claims Royalty payments to Tarsis be in excess of $2,000 per year, the Company will not be required to pay a $2,000 annual minimum payment.

P10Y

1000

2000

0.02

2000

10395

Nevada limited liability Corporation on the Agai-Pah Property, consisting of 20 unpatented mining claims totaling 400 acres, located in sections 32 & 33, T4N, R34E, MDM, Mineral County, Nevada about 10 miles northeast of the town of Hawthorne (the “Agai-Pah Property”).

400

20000

20000 The Company has the exclusive option and right to acquire 100% ownership of the Agai-Pah Property (the “Agai-Pah Purchase Option”). 1

750000

a Nevada Limited Liability Corporation on the Belshazzar Property, consisting of ten unpatented lode mining claims and seven unpatented placer mineral claims totaling 200 acres, within Quartzburg mining district, in Boise County, Idaho (the “Belshazzar Property”). Alan Day, the managing member of Belshazzar, is the CEO, President, and director of the Company.

The term of the Belshazzar Property Agreement commenced on June 4, 2021, and continues for ten years, subject to the Company’s right to extend the Belshazzar Property Agreement for two additional terms of ten years each, and subject to the Company’s option to purchase the Belshazzar Property.

20000

20000 The Company has the exclusive option and right to acquire 100% ownership of the Belshazzar Property (the “Belshazzar Purchase Option”). 1

800000

0.01

the Swales Property, consisting of 40 unpatented lode mining claims totaling 800 acres, within Swales Mountain Mining District in Elko County, Nevada (the “Swales Property”).

The term of the Swales Property Agreement commenced on December 27, 2021, and continues for ten years, subject to the Company’s right to extend the Swales Property Agreement for two additional terms of ten years each, and subject to the Company’s option to purchase the Swales Property.

20000

The Company has the exclusive option and right to acquire 100% ownership of the Swales Property (the “Swales Purchase Option”).

750000

20000

Nevada company, to acquire 100% interest of Target’s 1% production royalty on the Olinghouse Project, located in the Olinghouse Mining District, Washoe County, Nevada.

the Olinghouse Option period, at its sole discretion, to acquire 100% of a 1% production royalty from the net smelter returns on all minerals and products produced from certain properties comprising the Olinghouse Project.

200000

1.25

2000000

40000

0.01

Nevada Canyon, LLC entered into a Royalty Purchase Agreement with Smooth Rock Ventures, LLC, a wholly-owned subsidiary of Smooth Rock Ventures Corp. (“Smooth Rock”), to acquire a 2% net smelter returns royalty on the Palmetto Project.

0.02 0.02 350000

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.

511750

113303

56105

57198

88738

NOTE 6 – STOCKHOLDERS’ EQUITY The Company was formed with one class of common stock, $0.0001 par value, and is authorized to issue 100,000,000 common shares and one class of preferred stock, $0.0001 par value, and is authorized to issue 10,000,000 preferred shares. Voting rights are not cumulative and, therefore, the holders of more than 50% of the common stock could, if they chose to do so, elect all of the directors of the Company. During the three-month period ended March 31, 2024, the Company issued <span id="xdx_906_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20240101__20240331__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_z5h1HF5zqFx3" title="Shares and warrants issued for cash, shares">105,700 Common Shares for total proceeds to the Company of $126,840 on exercise of the Warrants issued as part of the Offering, which the Company closed in its fiscal 2023 year. Of this amount, $<span id="xdx_903_eus-gaap--DeferredFinanceCostsOwnshareLendingArrangementIssuanceCostsNet_iI_c20231231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zb4QakuQXNi" title="Deferred share issuance cost">6,000 was received during the year ended December 31, 2023, and was recorded as obligation to issue shares. The Company paid $<span id="xdx_900_eus-gaap--DeferredFinanceCostsOwnshareLendingArrangementIssuanceCostsNet_iI_c20240331__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zV8IgSnQ124f" title="Deferred share issuance cost">1,624 in share issuance costs associated with exercise of these Warrants. Subsequent to March 31, 2024, the Company issued <span id="xdx_901_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_pid_c20240401__20240504__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_z84aCLr5N3s5" title="Number of shares issued">140,925 Common Shares for total proceeds to the Company of $<span id="xdx_90D_eus-gaap--ProceedsFromWarrantExercises_c20240401__20240504__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zVu3fNH4rW6a" title="Proceeds from warrant exercises">169,110 on exercise of the Warrants issued as part of the Offering. Of this amount, $<span id="xdx_900_eus-gaap--ProceedsFromWarrantExercises_c20230101__20231231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zhwKnQRKIt8j" title="Proceeds from warrant exercises">12,000 were received during the year ended December 31, 2023, and $<span id="xdx_906_eus-gaap--ProceedsFromWarrantExercises_c20240101__20240331__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zdm9ifVf4yx4" title="Proceeds from warrant exercises">38,850 were received during the three-month period ended March 31, 2024 and were recorded as obligation to issue shares. Warrants The changes in the number of warrants outstanding for the three-month period ended March 31, 2024, and for the year ended December 31, 2023, are as follows: SCHEDULE OF CHANGES IN NUMBER OF WARRANTS OUTSTANDING <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td> <td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="7" style="border-bottom: Black 1.5pt solid; font-weight: bold"> Three months ended March 31, 2024</td> <td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="7" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"> Year ended December 31, 2023</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Number of warrants</td> <td> </td> <td colspan="3" style="border-bottom: Black 1.5pt solid; text-align: center">Weighted average exercise price</td> <td style="font-weight: bold"> </td> <td colspan="3" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Number of warrants</td> <td style="font-weight: bold"> </td> <td colspan="3" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Weighted average exercise price</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td> <td> </td> <td colspan="3"> </td> <td> </td> <td colspan="3"> </td> <td> </td> <td colspan="3"> </td> <td> </td> <td colspan="3"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; text-align: left">Warrants outstanding, beginning</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iS_c20240101__20240331_zeZWXkWUQf0k" style="width: 12%; text-align: right" title="Number of warrants outstanding, beginning">12,349,912</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedIntrinsicValue_iS_c20240101__20240331_zaJRKAaIR3i4" style="width: 12%; text-align: right" title="Weighted average exercise price, warrants outstanding, beginning">1.20</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iS_c20230101__20231231_z55G5idqv5T4" style="width: 12%; text-align: right" title="Number of warrants outstanding, beginning">-</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedIntrinsicValue_iS_dxL_c20230101__20231231_zVvpSrayTPl5" style="width: 12%; text-align: right" title="Weighted average exercise price, warrants outstanding, beginning::XDX::-"> n/a </td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Warrants issued - offering</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted_c20240101__20240331_zAZfG6LVwHzb" style="text-align: right" title="Number of warrants issued - offering">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodIntrinsicValue_dxL_c20240101__20240331_zggQii5KQj5g" style="text-align: right" title="Weighted average exercise price, warrants issued - offering::XDX::-">$ n/a </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted_c20230101__20231231_zQyUoZHV9pEc" style="text-align: right" title="Number of warrants issued - offering">12,499,343</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodIntrinsicValue_c20230101__20231231_zERLdyqsnjEd" style="text-align: right" title="Weighted average exercise price, warrants issued - offering">1.20</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Warrants issued - agent</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOther_c20240101__20240331_z95Y5g22gAFh" style="text-align: right" title="Number of warrants issued - agent">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsWarrantsIssuedInPeriodIntrinsicValue_dxL_c20240101__20240331_zKrFWb4YbGNb" style="text-align: right" title="Weighted average exercise price, warrants issued - agent::XDX::-">$ n/a </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOther_c20230101__20231231_zRPO5zQnOSB2" style="text-align: right" title="Number of warrants issued - agent">124,994</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td id="xdx_98E_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsWarrantsIssuedInPeriodIntrinsicValue_c20230101__20231231_z92p7IoTTGOj" style="text-align: right" title="Weighted average exercise price, warrants issued - agent">1.20</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Warrants exercised</td> <td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td> <td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised_iN_di_c20240101__20240331_zkyHDqXF7Zab" style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of warrants exercised">(105,700</td> <td style="text-align: left">)</td> <td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td> <td id="xdx_98E_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisedInPeriodIntrinsicValue_c20240101__20240331_zbeU3edZkCC1" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted average exercise price, warrants exercised">1.20</td> <td style="text-align: left"> </td> <td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td> <td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised_iN_di_c20230101__20231231_zUxzLQhN3Nui" style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of warrants exercised">(274,425</td> <td style="text-align: left">)</td> <td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td> <td id="xdx_98C_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisedInPeriodIntrinsicValue_c20230101__20231231_zE6U9bhij8yb" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted average exercise price, warrants exercised">1.20</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Warrants outstanding, ending</td> <td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td id="xdx_982_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iE_c20240101__20240331_zsWuHxMu5kQd" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of warrants outstanding, ending">12,244,212</td> <td style="text-align: left"> </td> <td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedIntrinsicValue_iE_c20240101__20240331_z0JRTP6UeQp7" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average exercise price, warrants outstanding, ending">1.20</td> <td style="text-align: left"> </td> <td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iE_c20230101__20231231_zJZNXNQLgUG1" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of warrants outstanding, ending">12,349,912</td> <td style="text-align: left"> </td> <td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td id="xdx_982_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedIntrinsicValue_iE_c20230101__20231231_zIQyWw269DOk" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average exercise price, warrants outstanding, ending">1.20</td> <td style="text-align: left"> </td></tr> </table> Details of warrants outstanding as at March 31, 2024, are as follows: SCHEDULE OF WARRANTS OUTSTANDING <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 75%"> <tr style="vertical-align: bottom"> <td colspan="3" style="border-bottom: Black 1.5pt solid; text-align: center">Number of warrants exercisable</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Expiry date</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="3" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Exercise price</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 1%; text-align: left"> </td><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iI_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeOneMember_zebzxmwdmJZe" style="width: 24%; text-align: right" title="Number of warrants exercisable">408,614</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 54%; text-align: center"><span id="xdx_90A_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeOneMember_z73UORawNTRf" title="Expiry date">July 27, 2025</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeOneMember_z7gMRDiTeiO1" style="width: 14%; text-align: right" title="Exercise price">1.20</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iI_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeTwoMember_zdHeCgEw682h" style="text-align: right" title="Number of warrants exercisable">2,829,624</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"><span id="xdx_901_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeTwoMember_zFmU7kfjmHhe" title="Expiry date">August 28, 2025</td><td> </td> <td style="text-align: left">$</td><td id="xdx_985_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeTwoMember_z5JD6zDYu199" style="text-align: right" title="Exercise price">1.20</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iI_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeThreeMember_zwVOT8Y87igg" style="text-align: right" title="Number of warrants exercisable">2,169,472</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"><span id="xdx_903_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeThreeMember_zpD0M6zq3Zkk" title="Expiry date">September 23, 2025</td><td> </td> <td style="text-align: left">$</td><td id="xdx_988_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeThreeMember_zoSSFOatlK1h" style="text-align: right" title="Exercise price">1.20</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iI_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeFourMember_fKDEp_z0JCV6rEae4h" style="text-align: right" title="Number of warrants exercisable">55,373</td><td style="text-align: left">(1)</td><td> </td> <td style="text-align: center"><span id="xdx_909_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeFourMember_z5iMA5G63hp2" title="Expiry date">September 23, 2028</td><td> </td> <td style="text-align: left">$</td><td id="xdx_985_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeFourMember_z6MlruhV6DNi" style="text-align: right" title="Exercise price">1.20</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iI_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeFiveMember_zgnPSmNmX9rj" style="text-align: right" title="Number of warrants exercisable">4,756,142</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"><span id="xdx_90B_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeFiveMember_zul08YInq34g" title="Expiry date">October 18, 2025</td><td> </td> <td style="text-align: left">$</td><td id="xdx_985_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeFiveMember_zahxjY3tBKef" style="text-align: right" title="Exercise price">1.20</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iI_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeSixMember_z09DhEJu88N8" style="text-align: right" title="Number of warrants exercisable">1,955,366</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"><span id="xdx_908_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeSixMember_z7he0nkT74E5" title="Expiry date">November 3, 2025</td><td> </td> <td style="text-align: left">$</td><td id="xdx_988_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeSixMember_z2hwf9xULQ1l" style="text-align: right" title="Exercise price">1.20</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iI_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeSevenMember_fKDEp_zHVoDwvUFevf" style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of warrants exercisable">69,621</td><td style="padding-bottom: 1.5pt; text-align: left">(1)</td><td style="padding-bottom: 1.5pt"> </td> <td style="text-align: center; padding-bottom: 1.5pt"><span id="xdx_900_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeSevenMember_z8c45zcbTxj4" title="Expiry date">November 3, 2028</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td id="xdx_987_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeSevenMember_zgQgPiXwSMej" style="border-bottom: Black 1.5pt solid; text-align: right" title="Exercise price">1.20</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iI_c20240331_zJHMaJc0iQAc" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of warrants exercisable">12,244,212</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: center; padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.35in; text-align: center">(1)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Agent warrants</td></tr> </table> At March 31, 2024, the weighted average life of the warrants was <span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms_dtY_c20240101__20240331_zp3pJQ8J0lLe" title="Weighted average life of warrants">1.54 years. Share-based compensation <p id="xdx_89B_eus-gaap--ScheduleOfDeferredCompensationArrangementWithIndividualShareBasedPaymentsTextBlock_z0HJTHVG8OQj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">During the three-month periods ended March 31, 2024 and 2023, the Company recognized share-based compensation as follows: SCHEDULE OF RECOGNIZED SHARE-BASED COMPENSATION <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="3" id="xdx_49C_20240101__20240331_z1Ul67va1Wy2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2024</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="3" id="xdx_49C_20230101__20230331_zh5f9I8v3rAa" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2023</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="7" style="border-bottom: Black 1.5pt solid; text-align: center">Three months ended March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="3" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2024</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="3" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2023</td></tr> <tr id="xdx_409_eus-gaap--ShareBasedCompensation_pp0p0_hsrt--TitleOfIndividualAxis__custom--DirectorAndChiefExecutiveOfficerMember_maNCPBUz3Fr_zsNbuc4gLn66" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Directors and CEO</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">245,767</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">243,733</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--ShareBasedCompensation_pp0p0_hsrt--TitleOfIndividualAxis__srt--OfficerMember_maNCPBUz3Fr_zdCWK5MsHtld" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Officer – VP of Operations</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">175,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">58,333</td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--ShareBasedCompensation_pp0p0_hsrt--TitleOfIndividualAxis__custom--ConsultantsMember_maNCPBUz3Fr_zAMRIcBN0vA" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt">Consultants</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">116,667</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">38,889</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--ShareBasedCompensation_pp0p0_maNCPBUz3Fr_z47qV2xMl0mg" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt"> Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">537,434</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">340,955</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> Directors: On December 30, 2021, the Company distributed a total of 6,005,000 shares of common stock to the Company’s directors (the “Director Shares”). The Director Shares are subject to the terms and conditions included in 3-year lock-up and vesting agreements (the “Lock-up Agreements”), which contemplate that the Director Shares will vest in equal annual installments over a <span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_dtY_c20211230__20211230__srt--TitleOfIndividualAxis__srt--DirectorMember_zpnNgqdcZazh" title="Stock based compensation, vesting">3-year term during which term the shareholders agreed not to sell, directly or indirectly, or enter into any other transactions involving the Company’s common shares regardless if the shares have vested or not. The fair value of the shares was determined to be approximately $2,965,413 or $0.4938 per share based on the trading price of the Company’s common stock on the issue date adjusted for the restrictions under the Lock-up Agreements. The shares vest over a three-year time period. As stated above, the Company distributed all of the awarded shares prior to vesting. As at March 31, 2024, <span id="xdx_90B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber_iI_c20240331__srt--TitleOfIndividualAxis__srt--DirectorMember_zcTtGfKbtPJb" title="Shares vested">4,003,333 shares have vested and <span id="xdx_909_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares_iI_c20240331__srt--TitleOfIndividualAxis__srt--DirectorMember_zNMIbOSB5r31" title="Shares unvested">2,001,667 shares are unvested. As of March 31, 2024, unvested compensation related to the Director Shares of $<span id="xdx_907_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_iI_c20240331__srt--TitleOfIndividualAxis__srt--DirectorMember_zUgM4GRwXsY6" title="Shares not yet recognized">742,704 will be recognized over the next <span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_dc_c20240101__20240331__srt--TitleOfIndividualAxis__srt--DirectorMember_zd3hdf7BTPAf" title="Stock based compensation, vesting">nine months. Officer – VP of Operations: On February 24, 2023, the Company entered into a consulting agreement with the Company’s newly appointed Vice President of Operations (the “VP Agreement”). The Company agreed to issue 2,000,000 shares of its common stock for the services. The shares vest ratably over a two-year period, beginning March 1, 2023, and vested shares are distributed quarterly. The fair value of the shares was $<span id="xdx_90B_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_c20230224__20230224__srt--TitleOfIndividualAxis__srt--OfficerMember_zHqIyVYtCCJ6" title="Fair value of shares">1,400,000 or $0.70 per share based on the trading price of the Company’s common stock on the date the service period began. As at March 31, 2024, the Company had distributed a total of 1,083,333 shares under the VP Agreement. Unvested compensation related to the shares to be issued under the VP Agreement of $<span id="xdx_906_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_iI_pp0d_c20240331__srt--TitleOfIndividualAxis__srt--OfficerMember_zq0ENAmTaGVf" title="Shares not yet recognized">641,667 will be recognized over the next <span id="xdx_907_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_dtM_c20240101__20240331__srt--TitleOfIndividualAxis__srt--OfficerMember_zSrR4LmFaeic" title="Unvested compensation related shares to be recognized period">11 months. Consultants: On February 24, 2023, the Company entered into two separate consulting agreements with consultants (the “Consulting Agreements”) in exchange for a total of 2,000,000 shares of its common stock. All shares vest ratably over a three-year period, beginning March 1, 2023, and vested shares are distributed quarterly . The fair value of the shares was $1,400,000 or $0.70 per share based on the trading price of the Company’s common stock on the date the service period began. As at March 31, 2024, the Company had distributed a total of 722,223 shares under the Consulting Agreements. Unvested compensation related to the Shares to be issued under the Consulting Agreements of $<span id="xdx_90B_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_iI_pp0d_c20240331__srt--TitleOfIndividualAxis__custom--ConsultantMember_zSgKLI0XKI23" title="Shares not yet recognized">894,443 will be recognized over the next <span id="xdx_90F_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_dtY_c20240101__20240331__srt--TitleOfIndividualAxis__custom--ConsultantMember_zboAZDszSyl7" title="Unvested compensation related shares to be recognized period">1.92 years.

0.0001

100000000

0.0001

10000000

Voting rights are not cumulative and, therefore, the holders of more than 50% of the common stock could, if they chose to do so, elect all of the directors of the Company.

105700

126840

6000

1624

140925

169110

12000

38850

The changes in the number of warrants outstanding for the three-month period ended March 31, 2024, and for the year ended December 31, 2023, are as follows: SCHEDULE OF CHANGES IN NUMBER OF WARRANTS OUTSTANDING <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td> <td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="7" style="border-bottom: Black 1.5pt solid; font-weight: bold"> Three months ended March 31, 2024</td> <td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="7" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"> Year ended December 31, 2023</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Number of warrants</td> <td> </td> <td colspan="3" style="border-bottom: Black 1.5pt solid; text-align: center">Weighted average exercise price</td> <td style="font-weight: bold"> </td> <td colspan="3" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Number of warrants</td> <td style="font-weight: bold"> </td> <td colspan="3" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Weighted average exercise price</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td> <td> </td> <td colspan="3"> </td> <td> </td> <td colspan="3"> </td> <td> </td> <td colspan="3"> </td> <td> </td> <td colspan="3"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; text-align: left">Warrants outstanding, beginning</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iS_c20240101__20240331_zeZWXkWUQf0k" style="width: 12%; text-align: right" title="Number of warrants outstanding, beginning">12,349,912</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedIntrinsicValue_iS_c20240101__20240331_zaJRKAaIR3i4" style="width: 12%; text-align: right" title="Weighted average exercise price, warrants outstanding, beginning">1.20</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iS_c20230101__20231231_z55G5idqv5T4" style="width: 12%; text-align: right" title="Number of warrants outstanding, beginning">-</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedIntrinsicValue_iS_dxL_c20230101__20231231_zVvpSrayTPl5" style="width: 12%; text-align: right" title="Weighted average exercise price, warrants outstanding, beginning::XDX::-"> n/a </td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Warrants issued - offering</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted_c20240101__20240331_zAZfG6LVwHzb" style="text-align: right" title="Number of warrants issued - offering">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodIntrinsicValue_dxL_c20240101__20240331_zggQii5KQj5g" style="text-align: right" title="Weighted average exercise price, warrants issued - offering::XDX::-">$ n/a </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted_c20230101__20231231_zQyUoZHV9pEc" style="text-align: right" title="Number of warrants issued - offering">12,499,343</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodIntrinsicValue_c20230101__20231231_zERLdyqsnjEd" style="text-align: right" title="Weighted average exercise price, warrants issued - offering">1.20</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Warrants issued - agent</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOther_c20240101__20240331_z95Y5g22gAFh" style="text-align: right" title="Number of warrants issued - agent">-</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsWarrantsIssuedInPeriodIntrinsicValue_dxL_c20240101__20240331_zKrFWb4YbGNb" style="text-align: right" title="Weighted average exercise price, warrants issued - agent::XDX::-">$ n/a </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOther_c20230101__20231231_zRPO5zQnOSB2" style="text-align: right" title="Number of warrants issued - agent">124,994</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td id="xdx_98E_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsWarrantsIssuedInPeriodIntrinsicValue_c20230101__20231231_z92p7IoTTGOj" style="text-align: right" title="Weighted average exercise price, warrants issued - agent">1.20</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Warrants exercised</td> <td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td> <td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised_iN_di_c20240101__20240331_zkyHDqXF7Zab" style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of warrants exercised">(105,700</td> <td style="text-align: left">)</td> <td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td> <td id="xdx_98E_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisedInPeriodIntrinsicValue_c20240101__20240331_zbeU3edZkCC1" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted average exercise price, warrants exercised">1.20</td> <td style="text-align: left"> </td> <td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td> <td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised_iN_di_c20230101__20231231_zUxzLQhN3Nui" style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of warrants exercised">(274,425</td> <td style="text-align: left">)</td> <td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td> <td id="xdx_98C_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisedInPeriodIntrinsicValue_c20230101__20231231_zE6U9bhij8yb" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted average exercise price, warrants exercised">1.20</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Warrants outstanding, ending</td> <td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td id="xdx_982_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iE_c20240101__20240331_zsWuHxMu5kQd" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of warrants outstanding, ending">12,244,212</td> <td style="text-align: left"> </td> <td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedIntrinsicValue_iE_c20240101__20240331_z0JRTP6UeQp7" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average exercise price, warrants outstanding, ending">1.20</td> <td style="text-align: left"> </td> <td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iE_c20230101__20231231_zJZNXNQLgUG1" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of warrants outstanding, ending">12,349,912</td> <td style="text-align: left"> </td> <td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td id="xdx_982_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedIntrinsicValue_iE_c20230101__20231231_zIQyWw269DOk" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average exercise price, warrants outstanding, ending">1.20</td> <td style="text-align: left"> </td></tr> </table>

12349912

1.20

12499343

1.20

124994

1.20

105700

1.20

274425

1.20

12244212

1.20

12349912

1.20

Details of warrants outstanding as at March 31, 2024, are as follows: SCHEDULE OF WARRANTS OUTSTANDING <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 75%"> <tr style="vertical-align: bottom"> <td colspan="3" style="border-bottom: Black 1.5pt solid; text-align: center">Number of warrants exercisable</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Expiry date</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="3" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Exercise price</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 1%; text-align: left"> </td><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iI_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeOneMember_zebzxmwdmJZe" style="width: 24%; text-align: right" title="Number of warrants exercisable">408,614</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 54%; text-align: center"><span id="xdx_90A_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeOneMember_z73UORawNTRf" title="Expiry date">July 27, 2025</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeOneMember_z7gMRDiTeiO1" style="width: 14%; text-align: right" title="Exercise price">1.20</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iI_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeTwoMember_zdHeCgEw682h" style="text-align: right" title="Number of warrants exercisable">2,829,624</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"><span id="xdx_901_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeTwoMember_zFmU7kfjmHhe" title="Expiry date">August 28, 2025</td><td> </td> <td style="text-align: left">$</td><td id="xdx_985_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeTwoMember_z5JD6zDYu199" style="text-align: right" title="Exercise price">1.20</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iI_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeThreeMember_zwVOT8Y87igg" style="text-align: right" title="Number of warrants exercisable">2,169,472</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"><span id="xdx_903_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeThreeMember_zpD0M6zq3Zkk" title="Expiry date">September 23, 2025</td><td> </td> <td style="text-align: left">$</td><td id="xdx_988_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeThreeMember_zoSSFOatlK1h" style="text-align: right" title="Exercise price">1.20</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iI_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeFourMember_fKDEp_z0JCV6rEae4h" style="text-align: right" title="Number of warrants exercisable">55,373</td><td style="text-align: left">(1)</td><td> </td> <td style="text-align: center"><span id="xdx_909_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeFourMember_z5iMA5G63hp2" title="Expiry date">September 23, 2028</td><td> </td> <td style="text-align: left">$</td><td id="xdx_985_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeFourMember_z6MlruhV6DNi" style="text-align: right" title="Exercise price">1.20</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iI_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeFiveMember_zgnPSmNmX9rj" style="text-align: right" title="Number of warrants exercisable">4,756,142</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"><span id="xdx_90B_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeFiveMember_zul08YInq34g" title="Expiry date">October 18, 2025</td><td> </td> <td style="text-align: left">$</td><td id="xdx_985_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeFiveMember_zahxjY3tBKef" style="text-align: right" title="Exercise price">1.20</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iI_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeSixMember_z09DhEJu88N8" style="text-align: right" title="Number of warrants exercisable">1,955,366</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"><span id="xdx_908_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeSixMember_z7he0nkT74E5" title="Expiry date">November 3, 2025</td><td> </td> <td style="text-align: left">$</td><td id="xdx_988_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeSixMember_z2hwf9xULQ1l" style="text-align: right" title="Exercise price">1.20</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iI_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeSevenMember_fKDEp_zHVoDwvUFevf" style="border-bottom: Black 1.5pt solid; text-align: right" title="Number of warrants exercisable">69,621</td><td style="padding-bottom: 1.5pt; text-align: left">(1)</td><td style="padding-bottom: 1.5pt"> </td> <td style="text-align: center; padding-bottom: 1.5pt"><span id="xdx_900_eus-gaap--WarrantsAndRightsOutstandingMaturityDate_iI_dd_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeSevenMember_z8c45zcbTxj4" title="Expiry date">November 3, 2028</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td id="xdx_987_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_c20240331__us-gaap--ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis__custom--ExercisePriceRangeSevenMember_zgQgPiXwSMej" style="border-bottom: Black 1.5pt solid; text-align: right" title="Exercise price">1.20</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iI_c20240331_zJHMaJc0iQAc" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of warrants exercisable">12,244,212</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="text-align: center; padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.35in; text-align: center">(1)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Agent warrants</td></tr> </table>

408614

2025-07-27

1.20

2829624

2025-08-28

1.20

2169472

2025-09-23

1.20

55373

2028-09-23

1.20

4756142

2025-10-18

1.20

1955366

2025-11-03

1.20

69621

2028-11-03

1.20

12244212

P1Y6M14D

<p id="xdx_89B_eus-gaap--ScheduleOfDeferredCompensationArrangementWithIndividualShareBasedPaymentsTextBlock_z0HJTHVG8OQj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">During the three-month periods ended March 31, 2024 and 2023, the Company recognized share-based compensation as follows: SCHEDULE OF RECOGNIZED SHARE-BASED COMPENSATION <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="3" id="xdx_49C_20240101__20240331_z1Ul67va1Wy2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2024</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="3" id="xdx_49C_20230101__20230331_zh5f9I8v3rAa" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2023</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="7" style="border-bottom: Black 1.5pt solid; text-align: center">Three months ended March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="3" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2024</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="3" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2023</td></tr> <tr id="xdx_409_eus-gaap--ShareBasedCompensation_pp0p0_hsrt--TitleOfIndividualAxis__custom--DirectorAndChiefExecutiveOfficerMember_maNCPBUz3Fr_zsNbuc4gLn66" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Directors and CEO</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">245,767</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">243,733</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--ShareBasedCompensation_pp0p0_hsrt--TitleOfIndividualAxis__srt--OfficerMember_maNCPBUz3Fr_zdCWK5MsHtld" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Officer – VP of Operations</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">175,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">58,333</td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--ShareBasedCompensation_pp0p0_hsrt--TitleOfIndividualAxis__custom--ConsultantsMember_maNCPBUz3Fr_zAMRIcBN0vA" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt">Consultants</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">116,667</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">38,889</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--ShareBasedCompensation_pp0p0_maNCPBUz3Fr_z47qV2xMl0mg" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt"> Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">537,434</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">340,955</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

245767

243733

175000

58333

116667

38889

537434

340955

6005000

P3Y

2965413

0.4938

4003333

2001667

742704

P9M

2000000

1400000

0.70

1083333

641667

P11M

2000000

1400000

0.70

722223

894443

P1Y11M1D

NOTE 7 – PREPAID EXPENSES Prepaid expenses at March 31, 2024 and December 31, 2023: SCHEDULE OF PREPAID EXPENSES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="3" id="xdx_497_20240331_z5Casn6NYXo" style="border-bottom: Black 1.5pt solid; text-align: center">March 31, 2024</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="3" id="xdx_497_20231231_zKsosKC2ZH82" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31, 2023</td></tr> <tr id="xdx_406_ecustom--PrepaidInvestorAwarenessMarketing_iI_maPECzKn2_zLLATjSCNHXk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Prepaid investor awareness marketing</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">375,092</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">500,367</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--PrepaidFilingAndListingFees_iI_maPECzKn2_zMtOONZXKte8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Prepaid filing and listing fees</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">39,439</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">38,042</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--OtherPrepaidExpenseCurrent_iI_maPECzKn2_zGO3SM80Pp1l" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Prepaid consulting fees</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,625</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,625</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--PrepaidExpenseCurrent_iTI_mtPECzKn2_zurplHy3pcSd" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">417,156</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">541,034</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

Prepaid expenses at March 31, 2024 and December 31, 2023: SCHEDULE OF PREPAID EXPENSES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="3" id="xdx_497_20240331_z5Casn6NYXo" style="border-bottom: Black 1.5pt solid; text-align: center">March 31, 2024</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="3" id="xdx_497_20231231_zKsosKC2ZH82" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31, 2023</td></tr> <tr id="xdx_406_ecustom--PrepaidInvestorAwarenessMarketing_iI_maPECzKn2_zLLATjSCNHXk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Prepaid investor awareness marketing</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">375,092</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">500,367</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--PrepaidFilingAndListingFees_iI_maPECzKn2_zMtOONZXKte8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Prepaid filing and listing fees</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">39,439</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">38,042</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--OtherPrepaidExpenseCurrent_iI_maPECzKn2_zGO3SM80Pp1l" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Prepaid consulting fees</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,625</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,625</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--PrepaidExpenseCurrent_iTI_mtPECzKn2_zurplHy3pcSd" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">417,156</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">541,034</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

375092 500367 39439 38042

2625

417156

541034

These amounts are non-interest bearing, unsecured and due on demand. Agent warrants