Investment in BeMetals Corp

3 Months Ended

Mar. 31, 2022

Notes

Investment in BeMetals Corp. [Text Block]

4. Investment in BeMetals Corp.

In June 2019 in connection with the BeMetals Option Agreement (see Note 3), the Company received 10,000,000 shares of BeMetals Corp. common stock that had a fair value of $1,883,875.

The fair value of the Company's shares in BeMetals is $1,281,620 at March 31, 2022, compared to the fair value of the investment of $1,520,684 at December 31, 2021. For the period ended March 31, 2022, the Company had an unrealized loss of $239,064.