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Asset Acquisition (Tables) | 12 Months Ended
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Dec. 31, 2023
Asset Acquisition [Abstract] |
Schedule of Asset Acquisition | The transaction did not qualify as a business combination according to the definition in IFRS 3 Business Combinations. It has been accounted for as an asset acquisition with the purchase price allocated based on the estimated fair value of the assets and liabilities summarized as follows:
Consideration |  |  | $ |
Cash |  |  | 60,000,000 |
Convertible promissory note |  |  | 60,000,000 |
Fair value of replacement options |  |  | 81,414 |
Transaction costs |  |  | 493,127 |
Total consideration value |  |  | 120,574,541 |
Net assets acquired |  |  | $ |
Prepaids |  |  | 42,374 |
Property, plant, and equipment |  |  | 6,111,000 |
Mineral properties |  |  | 120,196,484 |
Asset retirement obligations |  |  | (5,488,969 | )
Accounts payable and accrued liabilities |  |  | (286,348 | )
Total net assets acquired |  |  | 120,574,541 |
Schedule of Weighted Average Assumptions Used in the Black-Scholes Option Pricing Model | The value of the replacement options has been derived using the Black-Scholes option pricing model. The weighted average assumptions used in the Black-Scholes option pricing model are as follows:
Weighted Average |  |  |
Exercise Price |  | $ | 3.10 |
Share price |  | $ | 3.20 |
Discount Rate |  |  | 3.39 | %
Expected life (years) |  |  | 5.00 |
Volatility |  |  | 99.48 | %
Fair value of replacement options (CAD per option): |  | $ | 2.43 |

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- Definition The disclosure of information about indirect, by reference to the fair value of the equity instruments granted, measurement of the fair value of goods or services received as consideration for the entity's share options. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2023-01-01 -Paragraph 47 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2023-en-r&anchor=para_47_a&doctype=Standard -URIDate 2023-03-23 + Details
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