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MATERIAL ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2023
Text block [abstract]  
Summary of Company's Ownership Percentage in Each of Its Subsidiaries
The subsidiaries of the Company and their geographic locations at December 31, 2023 are as follows:
 
 
 
 
 
 
 
 
       
Name of Subsidiary
   
Location
   
Percentage Ownership
   
  
NXE Energy Royalty Ltd.
    Canada    100%     
NXE Energy SW1 Ltd.
    Canada    100%     
NXE Energy SW3 Ltd.
    Canada    100%     
Summary of Depreciation Over the Estimated Useful Lives of Each Significant Component Depreciation is calculated over the estimated useful lives of each significant component as follows:
 
 
 
 
 
 
 
 
  
   
- Computing equipment
   
55% declining balance basis
     
    
- Software
   
55% declining balance basis
     
    
- Field equipment
   
20% declining balance basis
     
    
- Leasehold improvements
   
Lease term straight-line basis
     
    
- Road
   
5-year
straight-line basis
     
    
- Lease
right-of-use
assets
   
Lease term straight-line basis
     
    
- Vehicles
   
2-year
straight-line basis
     
Depreciation methods, useful lives, and residual values are reviewed at least annually and adjusted if appropriate.
 
Schedule of accounting policy for financial instruments
The Company has the following financial instruments, which are classified under IFRS 9 in the table below:
 
Financial assets/liabilities
   
 Classification
Cash
   
 Amortized cost
Amounts receivable
   
 Amortized cost
Marketable securities
   
 FVTOCI
Accounts payable and accrued liabilities
   
 Amortized cost
Convertible debentures
   
 FVTPL