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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Taxes |
Schedule of income tax expense at statutory rates for the Company reconciled to the reported loss for the year | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the year ended | ​ | For the year ended | ​
​ | ​ | December 31, | ​ | December 31, | ​
​ |  | 2024 |  | 2023(1) |
Loss for the year, before taxes | ​ | $ | (81,895) | ​ | $ | (73,740) | ​
Canadian Federal and Provincial income tax rates |  | ​ | 26.72 | % | ​ | 26.68 | %
Income tax recovery based on the above rates |  | $ | (21,882) |  | $ | (19,674) | ​
Permanent differences |  | ​ | 2,502 |  | ​ | 1,556 | ​
Effect of differences in future and foreign tax rates |  | ​ | 14,424 |  | ​ | 14,038 | ​
Valuation allowance changes affecting the provision of income taxes |  | ​ | 5,004 |  | ​ | 4,121 | ​
Total income taxes |  | $ | 48 |  | $ | 41 | ​
(1)Comparative amounts for the year ended December 31, 2023 are restated based on actual tax returns filed.
Schedule of deferred income tax assets (liabilities) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2024 |  | December 31, 2023
Deferred Tax Assets |  | ​ |  |  | ​ |
Non-capital losses |  | $ | 24,270 |  | $ | 21,195
Investments |  | ​ | 111 |  | ​ | 384
Equipment |  | ​ | 227 |  | ​ | 260
Share issuance costs |  | ​ | 1,804 |  | ​ | 496
Total deferred income tax assets |  | $ | 26,412 |  | $ | 22,335
Valuation allowance |  | ​ | (26,412) |  | ​ | (22,335)
Deferred tax asset recognized |  | $ | — |  | $ | —
​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred Tax Liability | ​ | ​ | ​ | ​ | ​ | ​
Difference between the book value and the tax basis of the TOML exploration contract (Note 10) | ​ | $ | (10,675) | ​ | $ | (10,675)
Deferred tax liability recognized |  | $ | (10,675) |  | $ | (10,675)
Schedule of deductible temporary differences, unused tax losses and unused tax credits | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2024 |  | December 31, 2023 |  | Expiry Date Range
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-capital losses |  | $ | 100,995 |  | $ | 89,333 |  | See below
Investments |  | $ | 829 |  | $ | 2,856 |  | Not applicable
Equipment |  | $ | 841 |  | $ | 962 |  | Not applicable
Share issuance costs |  | $ | 3,649 |  | $ | 1,860 |  | 2025-2028
Restricted interest and financing expenses | ​ | $ | 3,102 | ​ | $ | — | ​ | Not applicable
Schedule of non-capital loss carry-forwards that may be used to offset future taxable income | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Canada |  | Singapore |  | United States |  | Tonga
2035 |  | $ | — |  | $ | — |  | $ | 2 |  | $ | —
2041 |  | ​ | 3,183 |  | ​ | — |  | ​ | — |  | ​ | —
2042 |  | ​ | 12,599 |  | ​ | — |  | ​ | 1 |  | ​ | —
2043 | ​ | ​ | 11,324 | ​ | ​ | — | ​ | ​ | 3 | ​ | ​ | —
2044 | ​ | ​ | 10,778 | ​ | ​ | — | ​ | ​ | 179 | ​ | ​ | —
No expiry |  | ​ | — |  | ​ | 20,361 |  | ​ | — |  | ​ | 42,566
Loss carry-forwards | ​ | $ | 37,884 | ​ | $ | 20,361 | ​ | $ | 185 | ​ | $ | 42,566

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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
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