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RELATED PARTY TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2021

SCHEDULE OF AMOUNTS DUE TO RELATED PARTIES, INCLUDED IN TRADE PAYABLES AND ACCRUED LIABILITIES

The following amounts due to related parties are included in trade payables and accrued liabilities (Note 7):

(All amounts in table are expressed in thousands of Canadian dollars)

 SCHEDULE OF AMOUNTS DUE TO RELATED PARTIES, INCLUDED IN TRADE PAYABLES AND ACCRUED LIABILITIES

		December 31, 2021				December 31, 2020
Directors and officers of the Company			28				21
Related company			5				7
Total			33				28

These amounts are unsecured, non-interest bearing and have no fixed terms of repayment.

Notes to the Consolidated Financial Statements

For the year ended December 31, 2021

(Expressed in Canadian dollars)

The following amount due from related party and advance represent as well as the investment in Premium Nickel a private company incorporated in Ontario, in which certain directors and officers of the Company also hold offices and minority investments.

(All amounts in table are expressed in thousands of Canadian dollars)

		December 31, 2021				December 31, 2020
Due from related party			199				55
Advance			-				50
Investment			321				48
Total			520				153

SCHEDULE OF KEY MANAGEMENT COMPENSATION

Key management compensation was:

(All amounts in table are expressed in thousands of Canadian dollars)

 SCHEDULE OF KEY MANAGEMENT COMPENSATION

		December 31, 2021				December 31, 2020				December 31, 2019
Geological consulting fees – expensed			-				5				136
Management fees – expensed			531				478				747
Salaries - expensed			-				182				185
Share-based payments			2,314				756				-
Total			2,845				1,421				1,068

X

- Definition

The disclosure of amounts incurred by the entity for provision of key management personnel services that are provided by separate management entities. [Refer: Key management personnel of entity or parent [member]; Separate management entities [member]]

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- Definition

The disclosure of transactions between the entity and its related parties. [Refer: Related parties [member]]

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