Item 2. Unregistered Sales of Equity Securities
ITEM 2.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Except as otherwise previously disclosed or provided
below or previously disclosed in our SEC reports, there were no unregistered sales of the Company’s equity securities during the
three months ended March 31, 2026.
During the three months ended March 31, 2026,
the Company has issued an aggregate of 16,500,000 shares of restricted common stock for services to three outside consultants. On the
date of issuance, the shares are fully earned and non-forfeitable. The shares were issued in reliance upon an exemption from registration
provided by Section 4(a)(2) of the Securities Act and contain a legend restricting their transferability, absent registration or applicable
exemption.
During the three months ended March 31, 2026,
the Company has issued an aggregate of 63,912,296 shares of common stock upon the cashless exercise of a warrant, which had an exercise
price of $0.01 per share and was originally issued on September 17, 2021. The shares were issued in reliance upon an exemption from registration
provided by Section 3(a)(9) of the Securities Act and contain a legend restring their transferability absent registration or applicable
exemption.
ITEM 3.
DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4.
MINE SAFETY DISCLOSURES
Not Applicable.
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