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Statements of Cash Flows - CAD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities    
Loss for the year $ (50,640,075) $ (32,534,439)
Adjustments for:    
Depreciation 582,930 129,957
(Gain) on sale of exploration and evaluation assets (499,415) (4,384,953)
Impairment of exploration and evaluation assets 28,604 166,662
Interest expense 7,493 3,544
Settlement of flow-through share premium (6,617,730) (1,772,188)
Share-based compensation 7,612,214 26,457,335
Net realized gains on disposal of investments (192,114)  
Net change in unrealized losses on investments 1,376,192 223,754
Total adjustments to reconcile profit (loss) (48,341,901) (11,710,328)
Change in non-cash working capital items:    
Decrease in amounts receivable 2,837 43,248
(Increase) in prepaid expenses and deposits (920,854) (821,767)
(Increase) in other assets (107,211)  
(Increase) in sales taxes recoverable (782,813) (733,294)
Increase in accounts payable and accrued liabilities 1,637,860 3,602
Net cash used in operating activities (48,512,082) (13,218,539)
Cash flows used in investing activities    
Purchases of exploration and evaluation assets (3,938,898) (100,000)
Expenditures on claims staking and mineral license renewals (111,130) (42,930)
Proceeds on disposal of investments 1,313,462  
Purchases of investments (12,850,001)  
Purchases of property and equipment (1,484,104) (1,446,440)
Net cash used in investing activities (17,070,671) (1,589,370)
Cash flows from financing activities    
Issuance of common shares in initial public offering   31,395,000
Issuance of common shares in private placements 120,501,665 7,118,196
Share issue costs (4,457,654) (3,032,606)
Stock options exercised 1,236,170 7,036,624
Warrants exercised 1,156,523 12,721,057
Lease payments (93,984) (32,331)
Interest expense on lease liabilities (6,516) (3,544)
Net cash generated from financing activities 118,336,204 55,202,396
Net increase in cash 52,753,451 40,394,487
Cash at beginning of year 47,731,125 7,336,638
Cash at end of year $ 100,484,576 $ 47,731,125