What changed in this filing

/stocks — the workspaceLOADING

Item 2. Management’s Discussion and Analysis

2025-08-15 compared with 2025-05-15 · 55 added, 34 removed, 158 unchanged (36% of the section changed)

76 unchanged sentences

of 71 unpatented mining claims and an assignment of a mineral lease with option to purchase covering several adjoining patented mining

The total purchase price for the acquisition for the three projects was 5,500,000 shares of the Company's common stock with a fair

market value of $422,565.

As of the date of this filing, the Company and GEM have not completed the assignment of the mineral lease and

500,000 shares related to the lease assignment have therefore not been issued.

The Company concluded the purchase of a single set of assets

qualified as an asset acquisition and all such acquisition costs have been capitalized as mineral rights and properties on the balance

The total purchase price for the acquisition for the three projects was 5,500,000 shares of the Company's common stock with a

fair market value of $422,565.

As of the date of this filing, the Company and GEM have not completed the assignment of the mineral lease

and 500,000 shares related to the lease assignment have therefore not been issued.

The Company concluded the purchase of a single set

of assets qualified as an asset acquisition and all such acquisition costs have been capitalized as mineral rights and properties on the

balance sheet.

On February 2, 2025, the Company canceled the

8 unchanged sentences

work expenditures to be completed towards the earn-in the Cable Project.

As of March 31, 2025, the Cable Project mineral rights and properties

As of June 30, 2025, the Cable Project mineral rights and properties

balance was $100,000.

11 unchanged sentences

Results of Operations for the three months

ended March 31, 2025 and 2024

Three months ended March 31,

ended June 30, 2025 and 2024

Three months ended June 30,

Operating expenses:

2 unchanged sentences

Operating loss

Other income (expense):

Interest expense

Gain (loss) on change in derivative liability

Total other income (expense)

Net income (loss)

Operating expenses

three months ended June 30, 2025, our total operating expenses included general and administrative expenses of $47,314 as

compared to $71,817 during the three months ended June 30, 2024.

The $24,503 change was mainly related to a decrease in professional fees.

Other expense

three months ended June 30, 2025, total other income was $49,705 as compared to other expense of $2,320 during the three months ended

June 30, 2024.

The $52,025 change was mainly related to change in derivative liability.

Results of Operations for the six months

ended June 30, 2025 and 2024

Six months ended June 30,

Operating expenses:

General and administrative expenses

Total operating expenses

Operating loss

Other income (expense):

Interest expense

Loss on conversion of debt

Loss on change in derivative liability

Total other expense

Gain (loss) on change in derivative liability

Total other income (expense)

Operating expenses

the three months ended March 31, 2025, our total operating expenses included general and administrative expenses of $58,036 as

compared to $100,364 during the three months ended March 31, 2024.

The $42,328 change was mainly related to a decrease in stock-based

compensation.

the six months ended June 30, 2025, our total operating expenses included general and administrative expenses of $105,350 as

compared to $172,181 during the six months ended June 30, 2024.

The $66,831 change was mainly related to a decrease in stock-based compensation

and professional fees.

Other expense

three months ended March 31, 2025, total other expense was $126,104 as compared to other expense of $29,901 during the three months

ended March 31, 2024.

The $96,203 change was mainly related to change in derivative liability and loss on conversion of debt.

six months ended June 30, 2025, total other expense was $76,399 as compared to other expense of $32,221 during the six months ended

June 30, 2024.

The $44,178 change was mainly related to interest expense on debt, change in derivative liability and loss on conversion

Liquidity and Capital Resources

5 unchanged sentences

unable to continue as a going concern.

At March 31, 2025, we had not yet generated sufficient revenues or achieved profitable operations,

At June 30, 2025, we had not yet generated sufficient revenues or achieved profitable operations,

and we have accumulated losses of $21,945,337.

9 unchanged sentences

operating, investing and financing activities is as follows:

Three months ended March 31,

Six months ended June 30,

Net cash used in operating activities

3 unchanged sentences

Cash end of period

At March 31, 2025, we had $5,798 in cash and

a $1,966,821 working capital deficit.

At June 30, 2025, we had $589 in cash and a $1,958,391

working capital deficit.

This compares to cash of $896 and a working capital deficit of $1,981,883 at December 31, 2024.

Net cash used in operating activities during the three months ended

March 31, 2025 was $21,708 and was mainly comprised of our $184,140 net loss during the period, adjusted by a non-cash charges of $8,220

of stock compensation, loss on conversion of debt of $19,950 and a loss on change in derivative liability of $82,811.

In addition, it

reflects changes in operating assets and liabilities of $51,451.

Net cash used in operating activities during the

six months ended June 30, 2025 was $26,917 and was mainly comprised of our $181,749 net loss during the period, adjusted by non-cash

charges of $14,259 of stock compensation, loss on conversion of debt of $19,950 and a loss on change in derivative liability of $15,042.

In addition, it reflects changes in operating assets and liabilities of $105,581.

Net cash used in operating

activities during the three months ended March 31, 2024 was $73,917 and was mainly comprised of our $130,265 net loss during the period,

adjusted by a non-cash charges of $44,908 of stock compensation and a loss on change in derivative liability of $9,219.

activities during the six months ended June 30, 2024 was $110,186 and was mainly comprised of our $204,402 net loss during the period,

adjusted by a non-cash charges of $51,495 of stock compensation and a gain on change in derivative liability of $9,375.

In addition, it

reflects changes in operating assets and liabilities of $52,096.

During the three months

ended March 31, 2025, net cash provided by financing activities was $26,610 comprised of $140,000 in proceeds sale of common stock were

offset by repayment of notes payable of $20,000 and repayment of advances of $93,390.

During the three months

ended March 31, 2024, net cash provided by financing activities was $75,000 comprised of proceeds from notes payable related parties.

During the six

months ended June 30, 2025, net cash provided by financing activities was $26,610 comprised of $140,000 in proceeds from sale of

common stock were offset by repayment of notes payable of $20,000 and repayment of advances of $93,390.

During the six months

ended June 30, 2024, net cash provided by financing activities was $114,000 comprised of proceeds from notes payable related parties which

were offset by repayment of notes payable.

Off Balance Sheet Arrangements

21 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 2. Management’s Discussion and Analysis