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INVESTMENTS (Tables) | 12 Months Ended
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Dec. 31, 2021
INVESTMENTS |
Summary of investments | ​
​ | ​ | ​ | ​ | ​
​ |  | December 31, 2021 | ​ | December 31, 2020
​ |  | $ |  | $
Equities held (i) | ​ | 28,578,556 |  | 21,089,997
Warrants held (ii) | ​ | 3,363,902 |  | —
Total Investments | ​ | 31,942,458 |  | 21,089,997
Summary of equity securities held | The Company held the following equities as at December 31, 2021 and 2020: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  |  | ​ | Fair Value
​ | ​ | ​ | ​ | ​ | ​ | December 31,
​ | ​ | ​ | ​ | Cost | ​ | 2021
​ |  | Quantity |  | $ |  | $
Exploits Discovery Corp. |  | 13,229,466 | ​ | 8,462,704 |  | 7,276,206
Labrador Gold Corp. |  | 12,555,556 | ​ | 8,850,000 |  | 11,300,000
Long Range |  | 5,000,000 | ​ | 500,000 |  | 500,000
Novo Resources Corp. |  | 6,645,000 | ​ | 16,014,450 |  | 9,502,350
Total Equities | ​ | ​ | ​ | 33,827,154 |  | 28,578,556
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  |  | ​ | Fair Value
​ | ​ | ​ | ​ | ​ | ​ | December 31,
​ | ​ | ​ | ​ | Cost | ​ | 2020
​ |  | Quantity |  | $ |  | $
Exploits Discovery Corp. (i) |  | 6,562,799 | ​ | 4,462,703 |  | 3,957,368
MetalsTech Limited |  | 3,000,000 | ​ | 586,920 |  | 604,852
Novo Resources Corp. |  | 6,944,444 | ​ | 16,736,110 |  | 16,527,777
Total Equities |  | ​ | ​ | 21,785,733 |  | 21,089,997
(i) | The Exploits Discovery Corp. investment is subject to certain resale restrictions expiring December 8, 2021 and trading restrictions expiring April 8, 2021 and was discounted in the amount of $439,708.
Summary of warrants | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  |  | ​ | Fair Value
​ | ​ | ​ | ​ | ​ | ​ | December 31,
​ | ​ | ​ | ​ | Cost | ​ | 2021
​ |  | Quantity |  | $ |  | $
Exploits Discovery Corp. |  | 6,666,667 | ​ | — |  | 837,381
Labrador Gold Corp. |  | 6,277,778 | ​ | — |  | 2,526,521
Total Warrants | ​ | ​ | ​ | — |  | 3,363,902
Summary of analysis of investments including related gains and losses | ​
​ | ​ | ​ | ​ | ​
​ | ​ | Year ended December 31,
​ |  | 2021 |  | 2020
​ | ​ | $ | ​ | $
Investments, beginning of year | ​ | 21,089,997 | ​ | 114,937
Investments received in private placement | ​ | — |  | 16,736,110
Investments received in sale of exploration and evaluation assets | ​ | 500,000 |  | 4,462,704
Purchases of investments | ​ | 12,850,001 | ​ | —
Disposition of investments | ​ | (1,313,462) |  | —
Realized gain on investments | ​ | 192,114 |  | —
Unrealized (loss) on investments | ​ | (1,376,192) |  | (223,754)
Investments, end of year | ​ | 31,942,458 |  | 21,089,997

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