The following discussion should be read in conjunction with our financial statements, including the notes thereto, appearing elsewhere in this annual report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements. Our audited financial statements are stated in United States Dollars and are prepared in accordance with United States Generally Accepted Accounting Principles.





                             RESULTS OF OPERATIONS

We have incurred recurring losses to date. Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.

We expect we will require additional capital to meet our long term operating requirements. We expect to raise additional funds through, among other things, the sale of equity or debt securities although no assurance can be given as to availability of funds or the terms thereof.



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We are both currently and generally exploring options which will bring value to our shareholders and are in early stage discussions with a number of potential acquisition targets. Management resolves to provide updates on these efforts at the earliest such time that they become tangible.





Results of Operations

Year Ended March 31, 2022 Compared to the Year Ended March 31, 2021

Revenues

The Company has not recognized any revenue to date.

Operating Expenses

Mining and exploration expense for the year ended March 31, 2022 was $372,195 compared to $215,786 for the year ended March 31, 2021, an increase of $156,409 or 72.5%. The Company's mining and exploration expense has increased in the current year as it pursues its new mining activities.

Consulting expense for the year ended March 31, 2022 was $1,317,862 compared to $3,913,870 for the year ended March 31, 2021, a decrease of $2,596,008 or 66.3%. In the current period we granted 13,950,000 shares of common stock for total non-cash consulting expense of approximately $1,243,000. In the prior year we issued 11,450,000 shares of common stock for total non-cash compensation expense of $3,721,250.

Compensation expense - related party for the year ended March 31, 2022 was $138,000 compared to $6,806,000 for the year ended March 31, 2021. The Company incurs compensation expense for its CEO. In the current year we issued 10,000,000 shares of common stock for total non-cash compensation expense of $360,000, $90,000 of which was recognized as of March 31, 2022. In the prior year we issued 30,000,000 shares of common stock for total non-cash compensation expense of $6,780,000.

Director expense for the year ended March 31, 2022 was $30,000 compared to $2,400 for the year ended March 31, 2021, an increase of $27,600. We compensate our director, Ramzi Khoury, $2,500 per month in the current year.

General and administrative expense ("G&A") for the year ended March 31, 2022 was $173,669 compared to $171,504 for the year ended March 31, 2021, an increase of $2,165 or 1.3%. G&A expense consists of items such as professional fees, investor relation expense, filing fees, outside services and other general office expenses.





Other Expense

Total other expense for the year ended March 31, 2022, was $438,788, consisting of $565,067 of interest expense, which includes $529,432 of debt discount amortization, a gain on the change in the fair value of derivative of $455,023, a loss on the issuance of convertible debt of $219,366, a loss on the settlement of debt of $5,647, and impairment expense of $107,000.

Total other expense for the year ended March 31, 2021, was $884,964, consisting of $170,462 of interest expense, which includes $158,119 of debt discount amortization, a loss on the change in the fair value of derivative of $143,686, a loss on the issuance of convertible debt of $79,130, a loss on the settlement of debt of $41,686 and $450,000 of impairment expense.

Net Loss

Net loss for the year ended March 31, 2022 was $2,470,514, in comparison to a net loss of $11,994,524 for the year ended March 31, 2021. The large decrease to our net loss is largely attributed to our non-cash stock-based compensation expense incurred in the prior year.

LIQUIDITY AND CAPITAL RESOURCES

Cash flow used in Operating Activities.

We have not generated positive cash flows from operating activities. During the year ended March 31, 2022, the Company used $396,238 of cash for operating activities compared to $342,361 of cash for operating activities in the prior period.

Cash flow used in Investing Activities.

We had no cash flow from investing activity during the year ended March 31, 2022. During the year ended March 31, 2021, we paid $75,000 as part of our Earn-In Agreement with American Lithium Minerals, Inc.





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Cash flow from Financing Activities

We have financed our operations primarily from either advancements or the issuance of equity and debt instruments. During the year ended March 31, 2022 the Company received $595,000 of cash from financing activities offset by payments of $300,000 to settle loans payable to related parties.

During the year ended March 31, 2021 the Company received $559,490 of cash from financing activities offset by payments of $20,000 to settle loans payable to related parties.





                         PLAN OF OPERATION AND FUNDING

We expect that working capital requirements will continue to be funded through a combination of our existing funds, advances from shareholders and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.

Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next six months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) developmental expenses associated with a start-up business); (ii) acquisition of assets; and (iii) sales and marketing expenses. We intend to finance these expenses with further issuances of securities and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations.

Critical Accounting Policies

Refer to Note 2 of our financial statements contained elsewhere in this Form 10-K for a summary of our critical accounting policies and recently adopting and issued accounting standards.

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