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Asset Retirement Obligations (“ARO”)

3 Months Ended

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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- References

No definition available.

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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

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