Form10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March31, 2026 OR TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from ____ to ____ Commission File Number: 001-41382 British Columbia 150 York Street, Suite 1802Toronto, OntarioCanada M5H 3S5 5190 Neil Road, Suite 460Reno, NevadaUSA 89502 (Address of Principal Executive Offices) (775)525-6450(Registrant’s Telephone Number, Including Area Code) Securities registered pursuant to Section12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filingrequirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any newor revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No☒ As of May12, 2026 the registrant had 862,051,146 common shares, no par value, outstanding. PART I - FINANCIAL INFORMATION Forward-Looking InformationItem 1.Financial Statements and Supplementary DataCondensed Consolidated Balance Sheets (unaudited)Condensed Consolidated Statements of Operations (unaudited)Condensed Consolidated Statements of Cash Flows (unaudited)Condensed Consolidated Statements of Changes in Equity (unaudited)Notes to Condensed Consolidated Financial Statements (unaudited)Item 2.Management's Discussion and Analysis of Financial Condition and Results of OperationsOverviewDiscussion of Operational ResultsDiscussion of Financial ResultsLiquidity and Capital ResourcesNon-GAAP Financial Performance MeasuresItem 3.Quantitative and Qualitative Disclosure about Market RiskItem 4.Controls and Procedures PART II - OTHER INFORMATION Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales Of Equity Securities And Use Of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSignatures FORWARD-LOOKING INFORMATION Certain information set forth in this Quarterly Report Form 10-Q, including but not limited to management's assessment of the Company's future plansand operations; the anticipated timing of permitting the Lone Tree Plant, construction, refurbishment and commissioning; the anticipated benefits of therefurbished processing plant including to cash margins and recoveries, operating margins and free cash flow generation, and the transition from tollmilling to owner-operated processing; the anticipated cost and payback period of the refurbishment plan; the perceived merit of projects or deposits; theimpact, timing, and execution of the Company’s three-phase development plan including that the Company is fully funded to advance Phase 1 andPhase 2 and that Phase 1 and Phase 2 projects are expected to generate sufficient operating cash flow to fund Phase 3; the anticipated timing ofpermitting, production, project development or completion dates for feasibility studies, technical studies, and recapitalization plan; execution and timing ofall asset advancements in the development plan; that ramp-up activities at Granite Creek will lead to steady state production; the Granite Creekdewatering campaign; the potential to utilize the autoclave infrastructure at the Lone Tree Plant to process mineralized material pending the outcome ofthe refurbishment; that Mineral Point will become the Company’s largest producing asset and is expected to provide the biggest step change incompany-wide production; the successful permitting of each project; the ability to further de-risk the development pipeline; the timing, completion andresults of the Company’s drill programs; the inclusion of drill results in future feasibility studies and the expected conversion of mineral resources tohigher confidence categories or to mineral reserves; that any of the projects will reach commercial pr