Item 2. Unregistered Sales of Equity Securities
ITEM
2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
There
were no sales of equity securities during the period covered by this Report that were not registered under the Securities Act and were
not previously reported in a Quarterly Report on Form 10-Q or a Current Report on Form 8-K filed by the Company, except as noted below:
On
April 30, 2026, the Company issued an aggregate of 466,800 shares of common stock to Blake Carmichael as compensation for cash reduction
in his salary.
On
May 1, 2026, the Company issued an aggregate of 1,562,500 shares of common stock to an employee as a signing bonus.
On
May 31, 2026, the Company issued an aggregate of 451,245 shares of common stock to Blake Carmichael as compensation for cash reduction
in his salary.
On
June 10, 2026, the Company issued an aggregate of 250,000 shares of common stock to Robert Carmichael for compensation for board of directors’
fees for December 2025.
On
June 10, 2026, the Company issued an aggregate of 250,000 shares of common stock to Chrles F. Hyatt for compensation for board of directors’
fees for December 2025.
On
June 10, 2026, the Company issued an aggregate of 1,097,561 shares of common stock to Robert Carmichael for compensation for board of
directors’ fees for the first quarter ended March 31, 2026.
On
June 10, 2026, the Company issued an aggregate of 1,097,561 shares of common stock to Charles F. Hyatt for compensation for board of
directors’ fees for the quarter ended March 31, 2026.
On
June 30, 2026, the Company issued an aggregate of 1,022,727 shares of common stock to Charles F. Hyatt for compensation for board of
directors’ fees for quarter June 30, 2026.
On
June 30, 2026, the Company issued an aggregate of 1,097,561 shares of common stock to Robert Carmichael for compensation for board of
directors’ fees for quarter ended March 31, 2026.
On
June 30, 2026, the Company issued an aggregate of 515,857 shares of common stock to Blake Carmichael as compensation for cash reduction
in his salary.
On
June 30, 2026, the Company issued an aggregate of 136,527 shares of common stock to the holder of a convertible note for payment of interest
for the three months ended June 30, 2026.
ITEM
3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM
4. MINE SAFETY DISCLOSURE
None.
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