Investment in BeMetals Corp.

9 Months Ended

Sep. 30, 2023

Investments, Debt and Equity Securities [Abstract]

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.

For the three-month period ended September 30, 2023, the Company recognized an unrealized gain on the investment in BeMetals of $30,732 and for the nine-month period ended September 30, 2022, the Company recognized an unrealized loss on the investment in BeMetals of $851,060, respectively. The Company recognized an unrealized loss of $16,688 and $230,072 for the three months ended September 30, 2023 and 2022, respectively.