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INVESTMENT IN ASSOCIATE | 12 Months Ended
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Dec. 31, 2024
Disclosure of associates [abstract] |
INVESTMENT IN ASSOCIATE |
7. | INVESTMENT IN ASSOCIATE
Balance, December 31, 2022 |  | $ | - |
Fair value of retained interest in IsoEnergy on December 5, 2023 |  |  | 239,735 |
Share of net income from associate |  |  | 920 |
Share of other comprehensive loss from associate |  |  | (539) |
Balance, December 31, 2023 |  | $ | 240,116 |
Loss on dilution of ownership interest in associate |  |  | (113) |
Share of net loss from associate |  |  | (13,798) |
Share of other comprehensive income from associate |  |  | 3,389 |
Balance, December 31, 2024 |  | $ | 229,594 |
Fair value of investment in associate as at December 31, 2024 |  | $ | 151,813 |
The fair value of the investment in associate as at December 31, 2024 is measured using the closing market price of IsoEnergy on December 31, 2024. The Company performs an impairment indicator assessment on its investment in IsoEnergy at each period end. The assessment is based on the review of observable data indicating whether one or more events have occurred since the initial recognition of the investment that have impacted the estimated future cash flows from the net investment and can be reliably estimated. The observable data reviewed includes, but is not limited to recent share price history indicating a significant or prolonged decline in the share price of the associate. The Company determined that there are no such indications of impairment for the year ended December 31, 2024. Summarized financial information for IsoEnergy is as follows:
|  | December 31, 2024 |  |  | December 31, 2023 |
Cash |  | $ | 21,295 |  |  | $ | 37,033 |
Other current assets |  |  | 7,110 |  |  |  | 1,192 |
Marketable securities |  |  | 31,181 |  |  |  | 17,036 |
Non-current assets |  |  | 281,249 |  |  |  | 291,937 |
Total assets |  | $ | 340,835 |  |  | $ | 347,198 |
Current liabilities |  |  | 35,104 |  |  |  | 41,065 |
Non-current liabilities |  |  | 2,568 |  |  |  | 3,113 |
Total liabilities |  | $ | 37,672 |  |  | $ | 44,178 |
Loss for the period |  | $ | 42,135 |  |  | $ | 18,689 |
Other comprehensive loss (income) |  | $ | (10,172) |  |  | $ | 2,618 |
Total comprehensive loss |  | $ | 31,963 |  |  | $ | 21,307 |
The loss from operations and other comprehensive loss of IsoEnergy for the year ended December 31, 2023 was consolidated from December 31, 2022 to December 4, 2023 and equity accounted from December 5, 2023 onwards.

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- Definition The disclosure of associates. [Refer: Total for all associates [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2024-01-01 -Paragraph 17 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=27&code=ifrs-tx-2024-en-r&anchor=para_17_b&doctype=Standard -URIDate 2024-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2024-01-01 -Paragraph 16 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=27&code=ifrs-tx-2024-en-r&anchor=para_16_b&doctype=Standard -URIDate 2024-03-27 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2024-01-01 -Paragraph B4 -Subparagraph d -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2024-en-r&anchor=para_B4_d&doctype=Appendix&subtype=B -URIDate 2024-03-27 + Details
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