XML 17 R6.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
OPERATING ACTIVITIES:          
Net loss     $ (39,987,052) $ (10,183,220)  
Adjustments to reconcile net loss to net cash used in operating activities:          
Share-based compensation (Note 4)     2,553,515 2,905,772  
Depreciation $ 35,694 $ 30,886 98,884 88,639  
Environmental liability expense   854,662   1,422,288  
Unrealized foreign exchange (gain) loss     (14,692) 3,193  
Gain on sale of equipment       (13,333)  
Changes in:          
Receivables     (30,499) (5,641,276)  
Prepaids     (438,711) (281,721)  
Deposits - Current     (10,603,583)    
Trade and other payables     5,120,407 2,298,579  
CWA settlement payable     (1,000,000) (500,000)  
Environmental reclamation liabilities     0 (1,937,538)  
Net cash used in operating activities     (44,301,731) (11,838,617)  
INVESTING ACTIVITIES:          
Deposit on equipment purchase     (13,105,337) (199,568)  
Proceeds from sale of silver royalty       8,335,115 $ 8,335,115
Investment in mineral properties and interest     (334,942) (333,230)  
Purchase of building and equipment     (1,112,884) (176,270)  
Proceeds from sale of equipment       12,000  
Net cash provided by (used in) investing activities     (14,553,163) 7,638,047  
FINANCING ACTIVITIES:          
Proceeds from sale of common shares     473,761,952 11,005,174  
Payment of share issue costs     (15,851,519) (606,871)  
Proceeds from exercise of share purchase options (Note 6)     2,659,228 1,786,660  
Net cash provided by financing activities     460,569,661 12,184,963  
Effect of foreign exchange on cash and cash equivalents     14,692 (3,193)  
Net increase (decrease) in cash and cash equivalents     401,729,459 7,981,200  
Cash and cash equivalents, beginning of period     44,104,825 3,229,462 3,229,462
Cash and cash equivalents, end of period $ 445,834,284 $ 11,210,662 445,834,284 11,210,662 $ 44,104,825
NON-CASH INVESTING AND FINANCING ACTIVITIES          
Recognition of operating lease liability and right-of-use asset     $ 68,247 $ 65,972