Texas Mineral Resources (TMRC) 10-Q 12 Apr 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Feb. 29, 2024	Apr. 08, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Feb. 29, 2024
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--08-31
Entity File Number	000-53482
Entity Registrant Name	TEXAS MINERAL RESOURCES CORP.
Entity Central Index Key	0001445942
Entity Tax Identification Number	87-0294969
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	539 El Paso Street
Entity Address, City or Town	Sierra Blanca
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	79851
City Area Code	915
Local Phone Number	369-2133
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		73,932,576

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Feb. 29, 2024	Aug. 31, 2023
CURRENT ASSETS
Cash and cash equivalents	$ 764,493	$ 1,079,307
Prepaid expenses and other current assets	49,710	39,577
Total current assets	814,203	1,118,884
Mineral properties, net	415,607	415,607
TOTAL ASSETS	1,229,810	1,534,491
CURRENT LIABILITIES
Accounts payable and accrued liabilities	41,114	93,406
Total current liabilities and liabilities	41,114	93,406
SHAREHOLDERS' EQUITY
Preferred stock, par value $0.001; 10,000,000 shares authorized, no shares issued and oustanding as of February 29, 2024 and August 31, 2023
Common stock, par value $0.01; 100,000,000 shares authorized, 73,932,575 and 73,728,263 shares issued and oustanding as of February 29, 2024 and August 31, 2023, respectively	739,326	737,283
Additional paid-in capital	43,156,045	43,047,824
Accumulated deficit	(42,706,675)	(42,344,022)
Total shareholders' equity	1,188,696	1,441,085
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 1,229,810	$ 1,534,491

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Feb. 29, 2024	Aug. 31, 2023
Statement of Financial Position [Abstract]
Preferred stock, par or stated value per share	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par or stated value per share	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	73,932,575	73,728,263
Common stock, shares outstanding	73,932,575	73,728,263

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
OPERATING EXPENSES
Exploration costs	$ 7,878	$ 398,184	$ 7,878	$ 629,559
General and administrative expenses	228,257	284,187	461,166	626,378
Total operating expenses	236,135	682,371	469,044	1,255,937
LOSS FROM OPERATIONS	(236,135)	(682,371)	(469,044)	(1,255,937)
OTHER INCOME
Other income	94,893	9,531	106,391	14,925
Total other income	94,893	9,531	106,391	14,925
NET LOSS	$ (141,242)	$ (672,840)	$ (362,653)	$ (1,241,012)
Net loss per share:
Basic	$ 0	$ (0.01)	$ 0	$ (0.02)
Diluted	$ 0	$ (0.01)	$ 0	$ (0.02)
Weighted average shares outstanding:
Basic	73,801,039	72,911,801	73,791,720	72,896,768
Diluted	73,801,039	72,911,801	73,791,720	72,896,768

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (362,653)	$ (1,241,012)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense		1,164
Loss on disposal of property and equipment		22,689
Stock based compensation	110,264	181,882
Changes in current assets and liabilities:
Prepaid expenses and other current assets	(10,133)	228,984
Accounts payable and accrued liabilities	(52,292)	(203)
Net cash used in operating activities	(314,814)	(806,496)
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from maturing short-term investment		505,611
Net cash provided by (used in) investing activities		505,611
NET CHANGE IN CASH AND CASH EQUIVALENTS	(314,814)	(300,885)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	1,079,307	1,838,300
CASH AND CASH EQUIVALENTS, END OF PERIOD	764,493	1,537,415
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Interest paid
Taxes paid

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Aug. 31, 2022		$ 728,692	$ 42,066,269	$ (39,752,061)	$ 3,042,900
Beginning balance (in shares) at Aug. 31, 2022		72,869,220
Common stock and stock options issued for services			55,310		55,310
Common stock and stock options issued for services, shares
Stock based compensation		$ 269	48,896		49,165
Stock based compensation (in shares)		26,833
Net loss				(568,172)	(568,172)
Ending balance, value at Nov. 30, 2022		$ 728,961	42,170,475	(40,320,233)	2,579,203
Ending balance, shares at Nov. 30, 2022		72,896,053
Beginning balance, value at Aug. 31, 2022		$ 728,692	42,066,269	(39,752,061)	3,042,900
Beginning balance (in shares) at Aug. 31, 2022		72,869,220
Net loss					(1,241,012)
Ending balance, value at Feb. 28, 2023		$ 729,189	42,247,654	(40,993,073)	1,983,770
Ending balance, shares at Feb. 28, 2023		72,918,912
Beginning balance, value at Nov. 30, 2022		$ 728,961	42,170,475	(40,320,233)	2,579,203
Beginning balance (in shares) at Nov. 30, 2022		72,896,053
Common stock and stock options issued for services			37,905		37,905
Common stock and stock options issued for services, shares
Stock based compensation		$ 228	39,274		39,502
Stock based compensation (in shares)		22,859
Net loss				(672,840)	(672,840)
Ending balance, value at Feb. 28, 2023		$ 729,189	42,247,654	(40,993,073)	1,983,770
Ending balance, shares at Feb. 28, 2023		72,918,912
Beginning balance, value at Aug. 31, 2023		$ 737,283	43,047,824	(42,344,022)	1,441,085
Beginning balance (in shares) at Aug. 31, 2023		73,728,262
Common stock and stock options issued for services			11,330		11,330
Common stock and stock options issued for services, shares
Stock based compensation		$ 565	45,939		46,504
Stock based compensation (in shares)		56,537
Net loss				(221,411)	(221,411)
Ending balance, value at Nov. 30, 2023		$ 737,848	43,105,093	(42,565,433)	1,277,508
Ending balance, shares at Nov. 30, 2023		73,784,799
Beginning balance, value at Aug. 31, 2023		$ 737,283	43,047,824	(42,344,022)	1,441,085
Beginning balance (in shares) at Aug. 31, 2023		73,728,262
Net loss					(362,653)
Ending balance, value at Feb. 29, 2024		$ 739,326	43,156,045	(42,706,675)	1,188,696
Ending balance, shares at Feb. 29, 2024		73,932,575
Beginning balance, value at Nov. 30, 2023		$ 737,848	43,105,093	(42,565,433)	1,277,508
Beginning balance (in shares) at Nov. 30, 2023		73,784,799
Common stock and stock options issued for services			10,930		10,930
Common stock and stock options issued for services, shares
Stock based compensation		$ 1,478	40,022		41,500
Stock based compensation (in shares)		147,776
Net loss				(141,242)	(141,242)
Ending balance, value at Feb. 29, 2024		$ 739,326	$ 43,156,045	$ (42,706,675)	$ 1,188,696
Ending balance, shares at Feb. 29, 2024		73,932,575

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended				6 Months Ended
	Feb. 29, 2024	Nov. 30, 2023	Feb. 28, 2023	Nov. 30, 2022	Feb. 29, 2024	Feb. 28, 2023
Pay vs Performance Disclosure [Table]
Net Income (Loss) Attributable to Parent	$ (141,242)	$ (221,411)	$ (672,840)	$ (568,172)	$ (362,653)	$ (1,241,012)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Feb. 29, 2024
Trading Arrangements, by Individual [Table]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

GENERAL

GENERAL	6 Months Ended
	Feb. 29, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GENERAL	NOTE 1 – GENERAL Exploration-Stage Company Since January 1, 2009, Texas Mineral Resources Corp. (the “Company”) has been classified as an “exploration stage” company for purposes of Regulation S-K Item 1300 of the U.S. Securities and Exchange Commission (“SEC”). Under SEC Regulation S-K Item 1300, companies engaged in significant mining operations are classified into three categories, referred to as “stages” - exploration, development, and production. Exploration stage includes all companies that do not have established reserves in accordance with Item 1300. Such companies are deemed to be “in the search for mineral deposits.” Notwithstanding the nature and extent of development-type or production-type activities that have been undertaken or completed, a company cannot be classified as a development or production stage company unless it has established reserves in accordance with Item 1300. Basis of Presentation The accompanying unaudited interim consolidated financial statements of Texas Mineral Resources Corp. (“we”, “us”, “our”, the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the SEC, and should be read in conjunction with the audited financial statements and notes thereto contained in our annual report on Form 10-K, for the year ended August 31, 2023, dated November 29, 2023 as filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal year ended August 31, 2023 as reported in our annual report on Form 10-K, have been omitted. Principles of Consolidation The consolidated financial statements include the accounts of Texas Mineral Resources Corp and its proportionate interest in the assets, liabilities, and operations of Round Top Mountain Development Company, LLC (“RTMD”). All significant intercompany balances and transactions have been eliminated. Going Concern These financial statements have been prepared assuming that the Company will continue as a going concern. The Company has an accumulated deficit from inception through February 29, 2024, of approximately $ 42,707,000 On February 29, 2024, the Company had a working capital surplus of approximately $ 773,000 In accordance with our current projected budget, the Company does not have sufficient capital to fund its share of total cash calls required under the RTMD operating agreement, as amended in June 2023 (“Operating Agreement”), as well as expected general and administrative expenses during the next twelve months. Failure by the Company to fund required cash calls to RTMD would result in dilution to its then current RTMD ownership interest ( 19.575 191,623 The Company provided notices of non-contribution stating that it would not contribute the $ 191,623

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Feb. 29, 2024
Accounting Changes and Error Corrections [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	NOTE 2 – RECENT ACCOUNTING PRONOUNCEMENTS In August 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2020-06, Debt – Debit with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity.

JOINT VENTURE ARRANGEMENTS

JOINT VENTURE ARRANGEMENTS	6 Months Ended
	Feb. 29, 2024
Equity Method Investments and Joint Ventures [Abstract]
JOINT VENTURE ARRANGEMENTS	NOTE 3 – JOINT VENTURE ARRANGEMENTS The Company accounts for its interest in RTMD using the proportionate consolidation method, which is an exception available to entities in the extractive industries, thereby recognizing its pro-rata share of the assets, liabilities, and operations of RTMD in the appropriate classifications in the financial statements.

MINERAL PROPERTIES

MINERAL PROPERTIES	6 Months Ended
	Feb. 29, 2024
Extractive Industries [Abstract]
MINERAL PROPERTIES	NOTE 4 – MINERAL PROPERTIES The following discussion under “ – RTMD Mineral Properties” provides a history of the ownership and obligations of the Round Top Project, of which we, as of February 29, 2024, held a 19.575 80.425 RTMD Mineral Properties Au ust 2010 Lease On August 17, 2010, the Company executed a new mining lease with the Texas General Land Office covering Sections 7 and 18 of Township 7, Block 71 and Section 12 of Block 72, covering approximately 860 Under the terms of the lease, Round Top is obligated to pay the State of Texas a total lease bonus of $ 142,518 44,718 97,800 500,000 eight six and one quarter 1 Schedule of August 2010 Lease Per Acre Total September 2, 2020 – 2024 $ 150 $ 134,155 September 2, 2025 – 2029 200 178,873 In August 2023, Round Top paid the State of Texas a delay rental to extend the term of the lease in an amount equal to $ 134,155 November 2011 Lease On November 1, 2011, the Company executed a mining lease with the State of Texas covering approximately 90 20,700 50,000 eight six and one quarter 1 Schedule of November 2011 Lease Per Acre Total November 1, 2020 – 2024 $ 150 $ 13,500 November 1, 2025 – 2029 200 18,000 In August 2023, Round Top paid the State of Texas a delay rental to extend the term of the lease in an amount equal to $ 13,500 March 2013 Lease On March 6, 2013, the Company purchased the surface lease at the Round Top Project, known as the West Lease, from the Southwest Wildlife and Range Foundation (since renamed the Rio Grande Foundation) for $ 500,000 1,063,830 500,000 45,000 ten years 54,990 October 2014 Surface Option and Water Lease On October 29, 2014, the Company announced the execution of agreements with the Texas General Land Office securing the option to purchase the surface rights covering the potential Round Top project mine and plant areas and, separately, a groundwater lease. The option to purchase the surface rights covers approximately 5,670 sixteen-year 10,000 The ground water lease secures the right to develop the ground water within a 13,120 4 5,000 0.95 20,000 Santa Fe Gold Corporation/Alhambra Project In November 2021, the Company entered into a mineral exploration and option agreement with Santa Fe Gold Corporation (“Santa Fe”). Under the option agreement, the Company and Santa Fe plan to pursue, negotiate and subsequently enter into a joint venture agreement to jointly explore and develop a target silver property to be selected by the Company among patented and unpatented mining claims held by Santa Fe within the Black Hawk Mining District in Grant County, New Mexico. Completion of a joint venture agreement, if any, is subject to the successful outcome of a multi-phase exploration plan leading to a bankable feasibility study to be undertaken in the near future by the Company. Under the contemplated terms of the proposed joint venture agreement, the Company would be project operator and initially own 50.5 49.5 Under the terms of the option agreement, the Company plans to conduct a district-wide evaluation among the patented and unpatented claims held by Santa Fe, consisting of geologic mapping, sampling, trenching, radiometric surveying, geophysics, drilling and/or other methods as warranted. Based on the district-wide evaluation, the Company will designate one 80 1,300 75 two 60 $85,000

SHAREHOLDERS_ EQUITY

SHAREHOLDERS’ EQUITY	6 Months Ended
	Feb. 29, 2024
Equity [Abstract]
SHAREHOLDERS’ EQUITY	NOTE 5 – SHAREHOLDERS’ EQUITY The Company’s authorized capital stock consists of 100,000,000 0.01 10,000,000 0.001 All shares of common stock have equal voting rights and, when validly issued and outstanding, are entitled to one non-cumulative vote per share in all matters to be voted upon by shareholders. Shares of common stock have no pre-emptive, subscription, conversion or redemption rights and may be issued only as fully paid and non- assessable shares. Holders of common stock are entitled to equal ratable rights to dividends and distributions with respect to the common stock, as may be declared by the Company’s Board of Directors (the “Board”) out of funds legally available. In the event of a liquidation, dissolution or winding up of the affairs of the Company, the holders of common stock are entitled to share ratably in all assets remaining available for distribution to them after payment or provision for all liabilities and any preferential liquidation rights of any preferred stock then outstanding. In October 2023, we issued 56,537 During the quarter ended November 30, 2023, the Company recognized stock compensation and a corresponding charge to additional paid-in capital in the amount of $ 46,504 147,776 During the quarter ended November 30, 2023, the Company granted a total of 30,000 1.97 11,330 4.23 190.22 0.00 5 years 11,330 During the quarter ended February 29, 2024, the Company recognized stock compensation and a corresponding charge to additional paid-in capital in the amount of $ 41,500 131,886 During the quarter ended February 29, 2024, the Company granted a total of 30,000 1.97 10,930 4.20 189.21 0.00 5 years 10,930

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Feb. 29, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 6 – SUBSEQUENT EVENTS March Cash Call In February 2024, we notified USARE that we had elected not to contribute our March cash call of $ 113,162 19.575 19.505

MINERAL PROPERTIES (Tables)

MINERAL PROPERTIES (Tables)	6 Months Ended
	Feb. 29, 2024
Extractive Industries [Abstract]
Schedule of August 2010 Lease	Schedule of August 2010 Lease Per Acre Total September 2, 2020 – 2024 $ 150 $ 134,155 September 2, 2025 – 2029 200 178,873
Schedule of November 2011 Lease	Schedule of November 2011 Lease Per Acre Total November 1, 2020 – 2024 $ 150 $ 13,500 November 1, 2025 – 2029 200 18,000

GENERAL (Details Narrative)

GENERAL (Details Narrative) - USD ($)	3 Months Ended
	Feb. 29, 2024	Aug. 31, 2023
Accumulated deficit	$ (42,706,675)	$ (42,344,022)
Working capital surplus	$ 773,000
Round Top Mountain Development Company LLC [Member]
Ownership interest	19.575%
Cash call contribution requested	$ 191,623
Cash call contribution portion not contributed	$ 191,623

Schedule of August 2010 Lease (

Schedule of August 2010 Lease (Details)	Feb. 29, 2024 USD ($) $ / a
September 2, 2020 - 2024 [Member]
Property, Plant and Equipment [Line Items]
Per Acre Amount | $ / a	150
Total Amount | $	$ 134,155
September 2, 2025 - 2029 [Member]
Property, Plant and Equipment [Line Items]
Per Acre Amount | $ / a	200
Total Amount | $	$ 178,873

Schedule of November 2011 Lease

Schedule of November 2011 Lease (Details)	Feb. 29, 2024 USD ($) $ / a
November 1, 2020 - 2024 [Member]
Property, Plant and Equipment [Line Items]
Per Acre Amount | $ / a	150
Total Amount | $	$ 13,500
November 1, 2025 - 2029 [Member]
Property, Plant and Equipment [Line Items]
Per Acre Amount | $ / a	200
Total Amount | $	$ 18,000

MINERAL PROPERTIES (Details Nar

MINERAL PROPERTIES (Details Narrative)						1 Months Ended	3 Months Ended
	Nov. 08, 2021 a mi	Oct. 29, 2014 USD ($) a mi $ / gal	Mar. 06, 2013 USD ($) a shares	Nov. 01, 2011 USD ($) a	Aug. 17, 2010 USD ($) a	Aug. 31, 2023 USD ($)	Feb. 29, 2024 USD ($)
Santa Fe Joint Venture [Member]
Controlling ownership interest	50.50%
Area of project | a	80
Area of property covered under agreement | a	1,300
Percentage of known mining district covered	75%
Area of interest radius | mi	2
Exercise period of option	60 days
Reimbursement of exploration expenses							$ 85,000
USA Rare Earth LLC [Member] | Round Top Mountain Development Company [Member]
Controlling ownership interest							80.425%
Texas General Land Office [Member] | August 2010 Lease [Member]
Mining lease - acres | a					860
Lease Bonus					$ 142,518
Payment of lease bonus					44,718
Lease bonus due					97,800
Minimum advance royalty due					$ 500,000
Production royalty of market value of uranium and fissionable materials					8%
Production royalty of market value of other minerals					6.25%
Lease extension period					1 year
Payment of delay rental						$ 134,155
Texas General Land Office [Member] | November 2011 Lease [Member]
Mining lease - acres | a				90
Lease Bonus				$ 20,700
Minimum advance royalty due				$ 50,000
Production royalty of market value of uranium and fissionable materials				8%
Production royalty of market value of other minerals				6.25%
Lease extension period				1 year
Payment of delay rental						$ 13,500
Texas General Land Office [Member] | October 2014 Surface Option and Water Lease [Member]
Surface rights - acres | a		5,670
Mineral lease term		16 years
Periodic option annual payment due		$ 10,000
Ground water lease - acres | a		13,120
Distance from project mine | mi		4
Annual minimum production payment		$ 5,000
Production payment, amount per gallon | $ / gal		0.00095
Production payment, annual amount		$ 20,000
Rio Grande Foundation [Member] | March 2013 Lease [Member]
Cash paid for lease			$ 500,000
Shares issued for lease | shares			1,063,830
Value of shares issued for lease			$ 500,000
Periodic payment for conservation efforts			$ 45,000
Payment period for conservation efforts			10 years
Surface rights - acres | a			54,990
Santa Fe Gold Corporation [Member] | Santa Fe Joint Venture [Member]
Ownership interest	49.50%
Round Top Mountain Development Company LLC [Member]
Ownership interest							19.575%

SHAREHOLDERS_ EQUITY (Details N

SHAREHOLDERS’ EQUITY (Details Narrative) - USD ($)	1 Months Ended			3 Months Ended
	Apr. 30, 2024	Jan. 31, 2024	Oct. 31, 2023	Feb. 29, 2024	Nov. 30, 2023	Feb. 28, 2023	Nov. 30, 2022	Aug. 31, 2023
Class of Stock [Line Items]
Common stock, authorized				100,000,000				100,000,000
Common stock, par value (in dollars per share)				$ 0.01				$ 0.01
Preferred stock, authorized				10,000,000				10,000,000
Preferred stock, par value (in dollars per share)				$ 0.001				$ 0.001
Fair value of options granted				$ 41,500	$ 46,504	$ 39,502	$ 49,165
Director [Member] | Share-Based Payment Arrangement [Member]
Class of Stock [Line Items]
Number of shares issued		147,776	56,537
Compensation expense				41,500	46,504
Director [Member] | Share-Based Payment Arrangement [Member] | Scenario, Plan [Member]
Class of Stock [Line Items]
Number of shares issued	131,886
Consultant [Member] | Share-Based Payment Arrangement, Option [Member]
Class of Stock [Line Items]
Compensation expense				$ 10,930	$ 11,330
Number of options granted				30,000	30,000
Exercise price of options granted				$ 1.97	$ 1.97
Fair value of options granted				$ 10,930	$ 11,330
Fair value assumptions - Risk free interest rate				4.20%	4.23%
Fair value assumptions - Volatilty				189.21%	190.22%
Fair value assumptions - Dividend yield				0%	0%
Fair value assumptions - Expected life				5 years	5 years

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - Round Top Mountain Development Company LLC [Member] - USD ($)	1 Months Ended
	Mar. 31, 2024	Feb. 29, 2024
Subsequent Event [Line Items]
Ownership interest		19.575%
Subsequent Event [Member]
Subsequent Event [Line Items]
Monthly cash call contribution portion not contributed	$ 113,162
Ownership interest	19.505%