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Consolidated Cash Flow Statements - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Total loss for year $ (364,701,323) $ (25,378,356) $ (18,178,884)
Adjustments for:      
SPAC transaction expenses 76,857,484
Share based compensation expense 265,558,785
Interest income (567,190) (224,389) (10,979)
Amortization of intangibles 163,147 71,095 62,646
Foreign exchange loss (gain) (179,640) 55,701 66,295
Movements in fair value adjustments in RSUs and options reserves 9,988,094
Loss of disposal on property and equipment 271,791
Impairment for VAT receivable 4,617,911
Interest expense 211,979 266,354
Gain on remeasurement of contingent consideration (156,047) (235,505)  
Depreciation of property and equipment and right-of-use assets 878,810 247,034 25,527
Operating loss before working capital changes (17,316,084) (24,926,275) (8,047,301)
Changes in trade and other receivables (2,086,880) (2,596,111) (9,709)
Changes in related party receivables 114,216 (959,935) (52,225)
Changes in inventories (51,044) (49,736)
Changes in other current assets (1,207,977) (543,280)
Changes in prepaid mining license 353 4,783 (848,125)
Changes in customer credit to related party (208,550) 208,550
Changes in related party payable 132,048
Changes in trade and other payables (6,564,427) 12,243,789 1,660,002
Net cash used in operating activities (26,979,795) (17,035,315) (7,088,808)
Cash flows from investing activities      
Interest received from bank 560,349 214,252 3,279
Restricted deposit released from escrow 8,004,370
Patent costs incurred (90,978) (92,545) (110,239)
Expenditure on property and equipment (697,431) (277,364) (93,750)
Expenditure on other intangible assets (291,410) (92,096)
Investment in exploration and evaluation assets (51,355,297) (5,709,171)
Acquisition of subsidiaries, net of cash acquired (8,073,000) (7,591) (7,997,155)
Payment of contingent consideration relating to acquisition of subsidiaries (2,000,000)
Interest from restricted deposit     594
Net cash used in investing activities (59,947,767) (7,964,515) (192,901)
Cash flows from financing activities      
Proceeds from exercise of stock options 110,504
Proceeds from exercise of warrants 878,025 10,759,630
Restricted deposit released from escrow 39,040,000
Net proceeds from PIPE transaction 70,173,170
Proceeds from SPAC acquisition 3,104,056
Share issuance costs (5,683,979)
Payment of lease liabilities (338,171) (80,933)
Proceeds from receipt of subscription receivable, net of transaction costs 47,500,000
Net cash provided by (used in) financing activities 115,743,605 (80,933) 49,799,630
Net increase (decrease) in cash and cash equivalents 28,816,044 (25,080,763) 42,517,921
Cash and cash equivalents      
Effect of exchange rate changes in cash 40,373 (8,137)
Beginning of the year 20,535,210 45,624,110 3,106,189
End of the year $ 49,391,627 $ 20,535,210 $ 45,624,110