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Investment In Unconsolidated Entities (Tables)
 6 Months Ended
Jun. 30, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Investment in Unconsolidated Entities

 

 

June 30, 2025

 

 

December 31, 2024

 

Phosagmex, S.A.P.I. de C.V.

 

$

157

 

 

$

—

 

CIC Limited

 

 

5,228,449

 

 

 

5,003,449

 

Ocean Minerals, LLC

 

 

4,609,222

 

 

 

4,882,330

 

Chatham Rock Phosphate, Limited

 

 

—

 

 

 

—

 

Neptune Minerals, Inc.

 

 

—

 

 

 

—

 

Investment in unconsolidated entities

 

$

9,837,828

 

 

$

9,885,779

 
Schedule Of Financial Information

The following tables provide summarized financial information for OML, the Company’s equity method accounted investee, not adjusted for the percentage ownership of the Company, compiled from OML’s financial statements.

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Revenue

 

$

32,151

 

 

$

4,132,817

 

 

$

405,849

 

 

$

4,179,655

 

General expenses

 

$

(307,183

)

 

$

(1,492,410

)

 

$

(1,050,608

)

 

$

(2,073,508

)

Payroll expenses

 

$

(602,563

)

 

$

(605,677

)

 

$

(1,204,283

)

 

$

(1,219,624

)

Net (Loss) Income

 

$

(2,750,783

)

 

$

885,113

 

 

$

(4,433,468

)

 

$

(923,085

)

 

 

 

As of

 

 

 

June 30, 2025

 

 

December 31, 2024

 

Total Assets

 

$

33,986,660

 

 

$

37,328,006

 

Total Liabilities

 

$

11,951,912

 

 

$

11,329,642