Note 18 – Subsequent events

Management evaluated subsequent events through the date these financial statements were issued and concluded that no events subsequent to June 30, 2025 have occurred that would require recognition or disclosure, except as noted below.

Subsequent to quarter-end, on July 17, 2025, Mentor Capital, Inc. purchased a two (2) kilogram gold position for $221,018.

Subsequent to quarter end, between July 18, 2025 and August 11, 2025 our Chief Executive Officer, Chet Billingsley, purchased 211,000 shares of the Company’s common stock on the open market at an average price of $0.047 per share. Such share purchases are reported on Form 4s filed with the Securities and Exchange Commission within two business days of the transaction date in accordance with Section 16(a) of the Securities and Exchange Act of 1934.

Subsequent to quarter end, as of August 5, 2025, the Company has received a total of $33,039 in royalty interest payments, net, after payment of $1,702 in owner taxes paid by the Company. Net royalty payments received represent a portion of the first round of royalty income owed to the Company, which was earned between March 1, 2025, and May 31, 2025, and is being sent out by various operators. The Company will continue to closely monitor initial royalty payments until all operators have completed the setup of their recurring payments to Mentor.