Net loss increased to $3,730,970 in 2025 from $3,561,710 in 2024, primarily due to higher exploration expenses and lower interest income. Operating expenses increased by 1% to $3,994,012 in 2025. Exploration expenses surged to $1,622,044 in 2025 from $35,859 in 2024, largely driven by the $1,596,258 incurred under the Lapon Canyon Earn-in Agreement. The company operates with a three-fold business model: exploration project accelerator, mineral royalty acquisitions, and precious metals streaming. Primary focus is on the Lapon Canyon Project, where it is earning a 50% interest by funding $5,000,000 in exploration over three years. Significant gold mineralization was confirmed and expanded at Lapon Canyon's Hotspot Zone, with new findings of gold in diorite, monzonite, and granite, and notable chalcopyrite (copper sulphide). Rights to the Swales Property were sold for $100,000 cash and a retained 2% net smelter royalty, resulting in a $20,000 gain. Working capital was $4,100,734 and cash balance was $5,455,294 as of December 31, 2025, deemed sufficient for the next 12 months of operations. Identified material weaknesses in internal control over financial reporting, specifically inadequate segregation of duties due to limited personnel.