| Schedule of activity in marketable securities during the period |
| | | | | | | | | | | | | | | Subscription | | | | | | | | | Receipts | | Common Shares | | Warrants | | Total | Balance, January 1, 2024 | | $ | 2,000,000 | | $ | 14,698,546 | | $ | 337,144 | | $ | 17,035,690 | Acquired during the period | | | — | | | 2,627,665 | | | 519,625 | | | 3,147,290 | Common shares of Jaguar Uranium received from disposal of Argentina assets (Note 6a) | | | — | | | 13,727,000 | | | — | | | 13,727,000 | Subscription receipts converted to common shares | | | (2,000,000) | | | 2,000,000 | | | — | | | — | Change in fair value recorded in Other comprehensive income | | | — | | | (2,413,215) | | | (315,698) | | | (2,728,913) | Balance, December 31, 2024 | | $ | — | | $ | 30,639,996 | | $ | 541,071 | | $ | 31,181,067 | Acquired during the period | | | — | | | 1,979,432 | | | 690,992 | | | 2,670,424 | Common shares of Purepoint Uranium received from exercise of put option (Note 6c) | | | — | | | 1,060,000 | | | — | | | 1,060,000 | Common shares of Future Fuels received from sale of Mountain Lake (Note 6d) | | | — | | | 10,875,000 | | | — | | | 10,875,000 | Common shares of Royal Uranium received from sale of Royalty Assets (Note 6e) | | | — | | | 2,800,000 | | | — | | | 2,800,000 | Common shares and warrants of Premier American Uranium in exchange for IsoEnergy common shares (Note 14) | | | — | | | 1,118,111 | | | 102,889 | | | 1,221,000 | Change in fair value recorded in Other comprehensive income | | | — | | | 2,608,573 | | | 1,035,491 | | | 3,644,064 | Balance, December 31, 2025 | | $ | — | | $ | 51,081,112 | | $ | 2,370,443 | | $ | 53,451,555 |
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| Schedule of components of marketable securities |
| | | | | | | Common Shares | | Warrants | NexGen | | 279,791 | | — | Premier American Uranium Inc. | | 6,381,601 | | 2,876,335 | Atha Energy Corp. | | 11,461,281 | | 1,717,144 | Jaguar Uranium | | 2,000,000 | | — | Toro Energy | | 6,000,000 | | — | Purepoint Uranium | | 9,864,980 | | 5,864,980 | Future Fuels | | 15,675,000 | | 675,000 | Royal Uranium | | 8,000,000 | | — | Verdera Energy Corp. | | 300,000 | | — | Biondi Ventures Inc. | | 2,500,000 | | — |
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