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Consolidated Statements of Cash Flows - CAD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
OPERATING ACTIVITIES    
Total net loss for the year $ (36,410,469) $ (9,359,605)
Items not affecting cash:    
Share-based payment 7,731,117 1,261,891
Deferred share units granted 298,000
Depreciation 96,543
Provision for leave and severance 177,941
Accrued interest expense of Promissory note 70,959  
Warrant fair value movement (8,974,901) 6,345,310
Loss on acquisition 29,174,415
Changes in working capital    
Prepaid expenses and other receivables (1,127,061) (121,241)
Trade payables and accrued expenses 3,445,230 419,326
Net cash used in operating activities (5,518,226) (1,454,319)
INVESTING ACTIVITIES    
Additions to property, plant and equipment (737,271)
Additions to Expenditures on exploration and evaluation assets (28,924,135) (3,099,926)
Cash received though RTO transaction 11,051,917
Net cash used in investing activities (18,609,489) (3,099,926)
FINANCING ACTIVITIES    
Proceeds from issuance of common shares 23,404,857 6,771,729
Share issue costs (1,535,727) (287,228)
Vehicle loan financing 164,644  
Promissory note financing 6,740,000
Net cash provided by financing activities 28,773,774 6,484,501
Impact of currency translation for the foreign operations (1,473,271) (48,906)
Change in cash for the year 3,172,788 1,881,350
Cash at the beginning of the year 1,990,203 108,853
Cash at the end of the year $ 5,162,991 $ 1,990,203