XML 117 R54.htm IDEA: XBRL DOCUMENT v3.19.1
INVESTMENT IN AN ASSOCIATED COMPANY (Narrative) (Details)
 1 Months Ended 12 Months Ended
Oct. 31, 2018
CAD ($)
Oct. 31, 2018
USD ($)
Sep. 27, 2018
USD ($)
$ / shares
shares
Dec. 31, 2018
CAD ($)
$ / shares
shares
Dec. 31, 2018
USD ($)
shares
Dec. 31, 2017
CAD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Dec. 31, 2016
CAD ($)
Statements Line Items                  
Investment in associated companies       $ 0   $ 7,578,989      
Initial cash distribution       $ 84,246,645          
Loan to associates         $ 300,000        
Shares issued pursuant to credit facility (Shares) | shares       381,321 381,321        
Shares issued pursuant to credit facility       $ 602,487 $ 465,212        
Shares issued pursuant to credit facility, value per share | $ / shares       $ 1.58          
Sprott Private Resource Lending (Collector), LP [Member]                  
Statements Line Items                  
Notional amount     $ 18,500,000            
Borrowings     $ 18,500,000            
Annual interest rate     12.00%            
Cash Fee Paid         550,000        
Legal Fee         194,224        
Borrowings effective interest rate       30.83%     30.83%    
Interest expense on borrowing       $ 271,921 $ 208,296        
Loss on settlement of debt       1,481,950          
Funds held in trust       $ 86,330          
IG Copper, LLC [Member]                  
Statements Line Items                  
Percentage of equity interest derecognized       39.99% 39.99%        
Proportion of ownership interest in associate       19.90% 19.90% 41.00%      
Investments accounted for using equity method             $ 13,136,977 $ 11,354,977  
Investment in associated companies       $ 0   $ 7,578,989     $ 4,992,823
Consideration received   $ 200,000,000              
Consideration received released from escrow   190,000,000              
Remaining consideration received held in escrow   10,000,000              
Initial cash distribution $ 84,246,645                
Second cash distribution, receivable $ 5,450,764 $ 4,000,000              
Loan to associates     $ 18,500,000            
Annual interest rate 39.99% 39.99%              
Membership units issued | shares     37,000            
Membership units issued, value per share | $ / shares     10            
Cash Fee Paid         $ 550,000        
Borrowings effective interest rate       38.64%     38.64%    
Interest income       $ 332,078 254,377        
Gain from early settlement of debt       2,014,950          
Proceeds from interest       $ 63,926 $ 49,000