14. Loans Payable

As part of the Norway Acquisition (Note 7) the Company assumed loans with a principal balance of $2,559,599 (NOK 20,915,000). The loans from the Norway Acquisition are in default as at March 31, 2021. A continuity of the loan balance from the date of the Norway Acquisition to March 31, 2021 is as follows:

		Norway			Boden			Total
		(Note 29)			(Note 27)
Balance - March 31, 2019	$	2,827,024		$	-		$	2,827,024
Interest		166,846			-			166,846
Foreign exchange movement		(280,797	)		-			(280,797	)
Balance - March 31, 2020		2,713,073			-			2,713,073
Additions (Note 27)		-			18,361,495			18,361,495
Interest		207,678			-			207,678
Foreign exchange movement		251,338			-			251,338
Balance - March 31, 2021		3,172,089			18,361,495			21,533,584
Less: Current portion		(3,172,089	)		(1,224,102	)		(4,396,191	)
Non-current portion	$	-		$	17,137,393		$	17,137,393