XML 39 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Cash Flows - CAD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from (used in) from operating activities    
Net income (loss) for the year: $ 70,168 $ (60,268)
Adjust for:    
Depreciation (Note 7) 1,804 1,814
Share-based payments (Note 12) 37,142 35,146
Mark-to-market loss on convertible debenture (Note 10) 48,745 2,863
Interest expense on convertible debentures (Note 10) 6,098 2,179
Interest on lease liabilities (Note 11(c)) 153 207
Share of net income from associate (Note 8) (920) 0
Gain on loss of control of IsoEnergy (Note 17) (204,038) 0
Deferred income tax recovery (1,412) (1,042)
Unrealized foreign exchange (gain) loss 964 (1,017)
Other expense 1,378 85
Operating cash flows before working capital (39,918) (20,033)
Changes in working capital items:    
Amounts receivable (132) (623)
Prepaid expenses and other (13,893) (1,137)
Accounts payable and accrued liabilities 1,332 1,617
Deposits (5) 0
Cash used in operating activities (52,616) (20,176)
Cash flows used in investing activities    
Expenditures on exploration and evaluation assets (Note 6) (109,741) (67,699)
Disposal of cash due to deconsolidation of Iso Energy (42,329) 0
Acquisition of marketable securities (Note 5) (2,000) 0
Acquisition of equipment (Note 7) (6,066) (354)
Cash used in investing activities (160,136) (68,053)
Cash flows from (used in) financing activities    
Proceeds from at-the-market equity program, net of issuance costs (Note 12) 175,858 0
Shares issued from IsoEnergy Ltd. for cash from private placements, net of share issuance costs 21,605 6,244
Issuance of convertible debentures, net of issuance costs (Note 10) 147,955 5,296
Proceeds from exercise of options 27,609 10,717
Payment of lease liabilities (Note 11(c)) (928) (913)
Interest paid on convertible debentures (3,209) (1,489)
Cash provided by financing activities 368,890 19,855
Foreign exchange loss on cash 158 1,017
Increase (decrease) in cash 156,296 (67,357)
Cash, beginning of year 134,447 201,804
Cash, end of year $ 290,743 $ 134,447