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Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

As required by Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive “compensation actually paid” (as defined by SEC rules) and certain financial performance metrics of the Corporation for the last two fiscal years. In determining the “compensation actually paid” to our named executive officers, we are required to make various adjustments to amounts that have been previously reported in the Summary Compensation Table (“SCT”) in previous years, as the SEC’s valuation methods for this section differ from those required in the SCT. The table below summarizes compensation values both as previously reported in our SCT, as well as the adjusted values required in this section.

The following table sets forth information concerning the compensation of our principal executive officer, or “PEO,” and, on an average basis, the compensation of our other named executive officers, or “NEOs,” for each of the years ending December 31, 2024, 2023, and 2022, as such compensation relates to our financial performance for each such year. The PEO for each of the years presented within the following tables was Frederick H. Earnest, President, Chief Executive Officer and Director. The NEO's for each of the years presented were Douglas L. Tobler, Chief Financial

Officer and John W. Rozelle, former Senior Vice President for 2022 and 2023 and Douglas L. Tobler, Chief Financial Officer and Pamela A. Solly, Vice President of Investor Relations for 2024.

	Total for PEO	to PEO⁽¹⁾	SCT Total for Non-PEO	to NEOs⁽²⁾		in thousands)
Year	SCT Total for PEO	Compensation Actually Paid to PEO⁽¹⁾	Average SCT Total for Non-PEO NEOs	Average Compensation Actually Paid to Non-PEO NEOs⁽²⁾	Value of Initial Fixed $100 Investment Based on Total Shareholder Return⁽³⁾	Net Income/ (Loss) (Dollars in thousands)
2024	$582,013	$793,383	$326,808	$407,694	$78.87	$11,249
2023	$566,190	$585,128	$343,611	$350,464	$63.38	($6,585)
2022	$506,030	$486,562	$334,190	$323,796	$70.42	($4,931)

(1) The dollar amounts reported for the PEO under “Compensation Actually Paid” represent the amount of “Compensation Actually Paid” to the PEO, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to the PEO during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the adjustments in the table below were made to the PEO’s total compensation for each year to determine the compensation actually paid:


Reconciliation of PEO SCT Total and Compensation Actually Paid	2024	2023	2022
Total Compensation as reported in SCT	$582,013	$566,190	$506,030
Fair value of equity awards granted during year as reported in SCT	$(140,280)	$(142,177)	$(143,830)
Fair value of equity compensation granted in current year—value at end of year-end	$334,320	$174,150	$121,000
Change in fair value for end of prior year to vesting date for awards made in prior years that vested during current year	$(8,230)	$5,108	$49,965
Change in fair value from end of prior year to end of current year for awards made in prior years that were unvested at end of current year	$41,873	$(11,783)	$(44,590)
Fair value of awards forfeited in current year determined at end of prior year	$(16,313)	$(6,359)	$(2,013)
Compensation Actually Paid	$793,383	$585,128	$486,562

(2) The dollar amounts reported for the NEOs under “Compensation Actually Paid” represent the average amount of “Compensation Actually Paid” to the NEOs, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the adjustments in the table below were made to the NEOs’ average total compensation for each year to determine the compensation actually paid:


Reconciliation of NEO SCT Total and Compensation Actually Paid	2024	2023	2022
Total Compensation as reported in SCT	$326,808	$343,611	$334,190
Fair value of equity awards granted during year as reported in SCT	$(53,690)	$(56,391)	$(64,490)
Fair value of equity compensation granted in current year—value at end of year-end	$127,960	$69,075	$54,250
Change in fair value for end of prior year to vesting date for awards made in prior years that vested during current year	$(3,145)	$2,305	$21,276
Change in fair value from end of prior year to end of current year for awards made in prior years that were unvested at end of current year	$16,005	$(5,283)	$(20,125)
Fair value of awards forfeited in current year determined at end of prior year	$(6,244)	$(2,854)	$(1,305)
Compensation Actually Paid	$407,694	$350,464	$323,796

(1)

For purposes of calculating the cumulative total Shareholder return, the measurement period is the market close on the last trading day of 2021, through and including the end of the year for which cumulative total Shareholder return is being calculated.

Analysis of the Information Presented in the Pay Versus Performance Tables

Because we are not a production stage mining company, we did not have any revenue from continuing operations during the periods presented. Consequently, we have not historically focused on net income (loss) as a performance measure for our executive compensation programs. In 2022, and 2023 our net losses were approximately $4.9 million

and approximately $6.6 million, respectively, and our net income in 2024 was approximately $11.2 million. During the same periods the compensation actually paid to our PEO increased from $486,562 in 2022 to $585,128 in 2023 and to $793,383 in 2024. The average compensation actually paid to our other NEOs increased from $323,796 in 2022 to $350,464 in 2023 and $407,694 in 2024.

Named Executive Officers, Footnote

Officer and John W. Rozelle, former Senior Vice President for 2022 and 2023 and Douglas L. Tobler, Chief Financial Officer and Pamela A. Solly, Vice President of Investor Relations for 2024.

PEO Total Compensation Amount

$ 582,013

$ 566,190

$ 506,030

PEO Actually Paid Compensation Amount

$ 793,383

585,128

486,562

Adjustment To PEO Compensation, Footnote


Reconciliation of PEO SCT Total and Compensation Actually Paid	2024	2023	2022
Total Compensation as reported in SCT	$582,013	$566,190	$506,030
Fair value of equity awards granted during year as reported in SCT	$(140,280)	$(142,177)	$(143,830)
Fair value of equity compensation granted in current year—value at end of year-end	$334,320	$174,150	$121,000
Change in fair value for end of prior year to vesting date for awards made in prior years that vested during current year	$(8,230)	$5,108	$49,965
Change in fair value from end of prior year to end of current year for awards made in prior years that were unvested at end of current year	$41,873	$(11,783)	$(44,590)
Fair value of awards forfeited in current year determined at end of prior year	$(16,313)	$(6,359)	$(2,013)
Compensation Actually Paid	$793,383	$585,128	$486,562

Non-PEO NEO Average Total Compensation Amount

$ 326,808

343,611

334,190

Non-PEO NEO Average Compensation Actually Paid Amount

$ 407,694

350,464

323,796

Adjustment to Non-PEO NEO Compensation Footnote


Reconciliation of NEO SCT Total and Compensation Actually Paid	2024	2023	2022
Total Compensation as reported in SCT	$326,808	$343,611	$334,190
Fair value of equity awards granted during year as reported in SCT	$(53,690)	$(56,391)	$(64,490)
Fair value of equity compensation granted in current year—value at end of year-end	$127,960	$69,075	$54,250
Change in fair value for end of prior year to vesting date for awards made in prior years that vested during current year	$(3,145)	$2,305	$21,276
Change in fair value from end of prior year to end of current year for awards made in prior years that were unvested at end of current year	$16,005	$(5,283)	$(20,125)
Fair value of awards forfeited in current year determined at end of prior year	$(6,244)	$(2,854)	$(1,305)
Compensation Actually Paid	$407,694	$350,464	$323,796