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INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2022
Income Taxes  
SCHEDULE OF RECONCILIATION OF EXPECTED INCOME TAX RECOVERY TO ACTUAL INCOME TAX RECOVERY

  

Year ended December 31,

2022

  

Year ended December 31,

2021

 
Loss before income taxes  $(36,410,469)  $(9,359,605)
Statutory tax rate   26.50%   26.50%
Expected income tax recovery at the statutory tax rate   (9,648,774)   (2,480,295)
Permanent differences and other   7,227    (6)
Stock based payment   (2,378,349)   334,401 
Fair value adjustment on warrants   2,127,716    1,681,507 
Change in estimates and other   (520,103)     
Differences in foreign tax rates   360,345    34,131 
Acquisition loss on RTO   7,731,220      
Change in deferred tax assets not recognized   2,320,718    430,261 
Income tax recovery  $-   $- 
SCHEDULE OF SIGNIFICANT COMPONENTS OF DEFERRED INCOME TAX ASSETS AND LIABILITIES

As at December 31, 2022, the Company has the following deferred tax assets (liabilities):

 

   Year ended December 31, 2022   Year ended December 31, 2021 
Deferred tax asset  $   $            
Non-capital losses available for carry forward   94,260    - 
Right-of-use asset   600,907    - 
Deferred tax liabilities          
Lease Liability   (695,166)   - 
Net deferred tax asset (liability)  $-   $- 
SCHEDULE OF DEFERRED INCOME TAX ASSETS AND LIABILITIES RECOGNIZED

Deferred tax assets in excess of deferred tax liabilities have not been recognized in respect of the following attributes because it is not probable that future taxable profit will be available against which the Company can use the benefits:

 

   Year ended December 31, 2022   Year ended December 31, 2021 
Exploration and evaluation assets  $1,243,480   $329,522 
Loss carry forwards   10,066,250    369,658 
Share issuance costs   2,124,869    62,018 
Equipment   3,397    - 
Total unrecognized deductible temporary differences  $13,437,996   $761,198 
SCHEDULE OF TAX LOSSES

The tax losses that have not been recognized expire as follows:

 

   Losses 
2029  $1,349,090 
2039   101,573 
2040   351,131 
2041   942,144 
2042   5,351,811 
Indefinite   1,970,501 
Total  $10,066,250