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Mineral Properties (Tables)

9 Months Ended

Sep. 30, 2025

Mineral Properties

Investment in mineral property

(in thousands)		September 30,				December 31,
		2025				2024
Exploration
Lik Project (Alaska – US)		$	15,611			$	15,611
Golden Crest Project (South Dakota – US)			1,078				1,078
Cat Creek Project (Colorado – US)			12				12
Bright Angel Project (Colorado – US)			5				-
Total exploration mineral properties		$	16,706			$	16,701

Exploration expense

(in thousands)		Three months ended  September 30,								Nine months ended  September 30,
		2025				2024				2025				2024
Geologic and field expenses		$	1,585			$	1,977			$	2,367			$	2,628
Administrative			60				90				188				280
Total exploration costs		$	1,645			$	2,067			$	2,555			$	2,908

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 360
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-1

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