South Mountain Project

12 Months Ended

Dec. 31, 2024

Equity Method Investments [Abstract]

3. South Mountain Project

SMMI Joint Venture - OGT, LLC

The Company's wholly owned subsidiary SMMI is the sole manager of the South Mountain Project in its entirety through a separate Mining Lease with Option to Purchase ("Lease Option") with the Company's majority-owned subsidiary OGT. SMMI has an option to purchase the South Mountain mineral interest for a capped $5 million less net returns royalties paid through the date of exercise. The Lease Option expires in November 2026. If SMMI exercises the option, the option payment of $5 million less advance royalties will be distributed 100% by OGT to OGT's minority member, ISGCII. Under the Lease Option, SMMI pays an advance of $5,000 net returns royalty to OGT annually on November 4 which was distributed to OGT's minority member during 2022 and accrued at December 31, 2023.

Under the OGT operating agreement, SMMI and ISGC II have 75% and 25% ownership, respectively, in OGT. SMMI is the sole manager and pays all expenses for exploration and development of the property. The Company has established 75% ownership and full management of the property. OGT's financial information is included 100% in the Company's consolidated financial statements as of December 31, 2024 and 2023. The Company's consolidated financial statements reflect ISGC II's 25% noncontrolling interest.

		Years Ended December 31,
		2024			2023
Balance at beginning of year	$	169,639		$	169,639
Noncontrolling interest in net returns royalty		(5,000	)		(5,000	)
Net income attributable to noncontrolling interest		5,000			5,000
Balance at end of year	$	169,639		$	169,639