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COMMITMENTS | 6 Months Ended
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Jun. 30, 2026
COMMITMENTS |
COMMITMENTS | 11. COMMITMENTS The Company executed an introductory agent agreement with BMR (the “BMR Agreement”). Under the BMR Agreement, should a mineral property recommended by BMR be acquired by the Company, the Company shall pay an introductory agent fee as follows: ​
​ | ​ | ​ | ​
Within 15 days of acquisition | ​ ​ ​ | $ | 5,000
6 months after acquisition | ​ | $ | 5,000
12 months after acquisition | ​ | $ | 5,000
18 months after acquisition | ​ | $ | 5,000
24 months after acquisition | ​ | $ | 7,500
30 months after acquisition | ​ | $ | 7,500
36 months after acquisition | ​ | $ | 10,000
42 months after acquisition | ​ | $ | 10,000
48 months after acquisition and every six months thereafter | ​ | $ | 15,000
​ If commercial production is achieved on a property recommended by BMR, the Company shall pay a 0.5% net smelter return royalty on all mineral interests acquired within the area of influence of the mineral property. Introductory agent fees and net smelter return royalty payments totaling $1,000,000 paid by the Company will reduce the net smelter return royalty by 50% to 0.25%. ​ As at June 30, 2026, the BMR Agreement is not in effect for any of the Company’s mineral projects.

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- Definition The disclosure of commitments. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Note Expiry date 2027-01-01 -Name IAS -Number 1 -IssueDate 2025-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2025-en-b&anchor=para_10_e&doctype=Standard -URIDate 2025-03-27 + Details
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