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Asset Retirement Obligations (“ARO”) | 3 Months Ended
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Mar. 31, 2024
Asset Retirement Obligation Disclosure [Abstract] |
Asset Retirement Obligations (“ARO”) | Note 9: Asset Retirement Obligations (“ARO”) The Whistler Project’s exploration activities are subject to the State of Alaska’s laws and regulations governing the protection of the environment. The Whistler Project ARO is valued under the following assumptions: Schedule of Asset Retirement Obligations Value Assumptions
|  | March 31, 2024 |  |  | December 31, 2023 |  |  | November 30, 2023 |
Undiscounted amount of estimated cash flows |  | $ | 385,600 |  |  | $ | 385,600 |  |  | $ | 385,600 |
Life expectancy (years) |  |  | 10 |  |  |  | 10 |  |  |  | 10 |
Inflation rate |  |  | 2.00 | % |  |  | 2.00 | % |  |  | 2.00 | %
Discount rate |  |  | 9.32% to 11.40 | % |  |  | 9.32% to 11.40 | % |  |  | 9.32% to 11.40 | %
The following table summarizes the movements of the Company’s ARO: Schedule of Asset Retirement Obligations
|  | March 31, 2024 |  |  | December 31, 2023 |  |  | November 30, 2023 |
Balance, beginning of period |  | $ | 181,320 |  |  | $ | 179,880 |  |  | $ | 225,871 |
Balance |  | $ | 181,320 |  |  | $ | 179,880 |  |  | $ | 225,871 |
Accretion |  |  | 4,388 |  |  |  | 1,440 |  |  |  | 21,051 |
Change in estimate |  |  | - |  |  |  | - |  |  |  | (67,042 | )
Balance, end of period |  | $ | 185,708 |  |  | $ | 181,320 |  |  | $ | 179,880 |
Balance |  | $ | 185,708 |  |  | $ | 181,320 |  |  | $ | 179,880 |

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- Definition The entire disclosure for an asset retirement obligation and the associated long-lived asset. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 410 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481850/410-20-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 410 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/410-20/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 20 -Topic 410 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481850/410-20-50-2 + Details
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