XML 19 R5.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Interim Consolidated Statements of Cash Flows (Unaudited) - CAD ($)
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
OPERATING ACTIVITIES    
Total net loss for the period $ (9,169,245) $ (33,535,943)
Items not affecting cash:    
Share-based payment 7,731,117
Deferred share units granted 558,524
Depreciation 274,593 882
Provision for leave and severance 257,104 114,698
Accrued interests and accretion on loans 387,240
Warrant fair value movement (8,974,901)
Loss on acquisition 29,174,415
Changes in working capital    
Prepaid expenses (1,517,818) (406,752)
Other receivables 309,260 (51,912)
Trade payables and accrued expenses (1,274,776) 1,464,695
Net cash used in operating activities (10,175,118) (4,483,701)
INVESTING ACTIVITIES    
Acquisition of property, plant and equipment (1,852,916) (901,644)
Additions to expenditures on exploration and evaluation assets (13,695,245) (21,828,296)
Interest received 39,622
Cash received through RTO transaction 11,051,917
Net cash used in investing activities (15,508,539) (11,678,023)
FINANCING ACTIVITIES    
Proceeds from issuance of units 23,814,272 22,032,927
Share issue costs (1,818,956) (1,535,727)
Loan proceeds, net of fees 14,625,000
Interest payment on the term loan (390,411)
NSR Option financing 2,750,000
Proceeds from exercise of warrants and options 686,399
Promissory note repayment (7,637,329)
Vehicle loan financing 375 172,800
Lease payment (713,100)
Net cash provided by financing activities 30,629,851 21,356,399
Impact of currency translation for the foreign operations (1,255,889) (1,428,236)
Change in cash for the period 3,690,305 3,766,439
Cash at the beginning of the period 5,162,991 1,990,203
Cash at the end of the period $ 8,853,296 $ 5,756,642