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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating expenses:        
Exploration and mine development costs $ 434,177 $ 5,563,028 $ 1,484,889 $ 12,865,364
General and administrative expenses 7,160,482 4,818,647 20,199,852 11,506,078
Total operating expenses 7,594,659 10,381,675 21,684,741 24,371,442
Loss from equity method investments in unconsolidated affiliates (2,002,617) (410,538) (6,547,499) (475,164)
Loss from operations (9,597,276) (10,792,213) (28,232,240) (24,846,606)
Other income (expense):        
Interest income 373,204 0 373,492 3,830
Interest expense (20,640) (59,051) (97,250) (191,966)
Loss from foreign currency exchange (35,469) (10,095) (60,118) (35,627)
Gain on dilution of equity method investments in unconsolidated affiliates 29,367,281 0 29,367,281 0
Total other income (expense) 29,684,376 (69,146) 29,583,405 (223,763)
Income (loss) before taxes 20,087,100 (10,861,359) 1,351,165 (25,070,369)
Income tax expense 3,422,219 0 3,422,219 0
Net income (loss) $ 16,664,881 $ (10,861,359) $ (2,071,054) $ (25,070,369)
Basic net income (loss) per weighted-average share (in dollars per share) $ 0.93 $ (0.68) $ (0.12) $ (1.64)
Diluted net income (loss) per weighted-average share (in dollars per share) $ 0.92 $ (0.68) $ (0.12) $ (1.64)
Basic weighted-average number of shares outstanding (in shares) 17,965,858 15,863,027 17,343,309 15,242,261
Diluted weighted-average number of shares outstanding (in shares) 18,081,486 15,863,027 17,343,309 15,242,261