3. Asset Acquisitions

Effective March 17, 2025 the Company closed the acquisition of Zunz S.A. with an unrelated party. In consideration, the Company paid $25 million cash up front and will pay the remaining purchase price of $31 million over six months. The consideration paid also includes transaction costs of $692 and cash advanced by the Company after January 28, 2025. During the period ended December 31, 2025, the Company fully paid the acquisition loan payable (March 31, 2025 - $31 million).

The Company determined that this transaction is an asset acquisition as the assets acquired did not constitute a business as defined by ASC 805. The following table summarizes the consideration transferred, the estimated fair value of the identifiable assets acquired, and liabilities assumed as the date of the acquisition:

		March 31, 2025
Cash paid	$	25,000
Acquisition loan payable		31,000
Cash advance		7,260
Acquisition costs		692
Total consideration	$	63,952

Land	$	952
Equipment		44
Building and leasehold		57,070
Power purchase agreement guarantee		3,314
VAT receivables		3,126
Other		52
Total assets	$	64,558
Deferred tax liability		(606	)
Net assets acquired	$	63,952

On September 15, 2025 the Company closed the acquisition of real property located at 15 City View Drive, Toronto, Ontario and shares of Megawatt Mining Corp. from an unrelated party. In consideration, the Company paid $9.2 million cash and issued 1 million common shares of the Company. The consideration paid includes transaction costs of $556.

		September 15, 2025
Cash paid	$	8,692
Share consideration		3,919
Acquisition costs		556
Total consideration		13,167

Cash	$	59
Deposits		109
Building and land		12,919
GST receivables		151
Accounts payable		(71	)
Total assets	$	13,167
Deferred tax liability		(-)
Net assets acquired	$	13,167