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ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2023

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

Schedule of accounts payable and accrued liabilities

​

​	​	​	​	​
​		December 31, 2023		December 31, 2022
​	​	$	​	$
Accounts payable and accrued liabilities	​	5,207,323	​	5,588,742
Reclamation provision(1)		1,285,031		1,411,293
Accounts payable and accrued liabilities, end of year		6,492,354		7,000,035

⁽¹⁾ Provincial laws and regulations concerning environmental protection affect the Company’s exploration and operations. Under current regulations, the Company is required to meet performance standards to minimize the environmental impact from its activities and to perform site restoration and other reclamation activities. The Company’s reclamation provision is based on known requirements.

Schedule of company's reclamation provision

​

​	​	​	​	​
​		December 31, 2023		December 31, 2022
​	​	$	​	$
Balance, beginning of year	​	1,411,293	​	—
Additions to reclamation provision		1,327,278		1,411,293
Change in estimate	​	2,687	​	—
Reclamation costs incurred	​	(1,456,227)	​	—
Balance, end of year		1,285,031		1,411,293

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