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Asset acquisition (Tables)
12 Months Ended
Dec. 31, 2022
Disclosure Of Transactions Recognised Separately From Acquisition Of Assets And Assumption Of Liabilities In Business Combination Text Block Abstract  
Schedule of estimated fair value of assets and liabilities
Consideration    
Fair value of share consideration   120,422,593 
Fair value of replacement options   5,434,045 
Fair value of replacement warrants   3,222,543 
Transaction costs   3,215,444 
Total consideration value   132,294,625 

 

Schedule of net assets acquired
Net assets acquired  $ 
Cash   1,860,360 
Restricted cash   720,039 
Prepaids   169,688 
Property, plant, and equipment   62,946 
Right-of-use asset   45,444 
Mineral properties   129,129,302 
Asset retirement obligations   (267,807)
Lease liability   (49,339)
Loan receivable (1)   1,845,941 
Accounts payable and accrued liabilities   (1,221,949)
Total net assets acquired   132,294,625 

 

(1) - Transaction costs incurred by Azarga which were subsequently paid by the Company.

 

Schedule of weighted average assumptions used in the black-scholes option
Weighted average    
Exercise price  $1.40 
Share price  $3.79 
Discount rate   1.04%
Expected life (years)   3.43 
Volatility   104.40%
Fair value of replacement options (per option):  $2.97 

 

Weighted average    
Exercise price  $1.66 
Share price  $3.79 
Discount rate   0.91%
Expected life (years)   0.98 
Volatility   77.10%
Fair value of replacement warrants (per warrant):  $2.30