XML 17 R2.htm IDEA: XBRL DOCUMENT v3.24.2
Unaudited Condensed Interim Consolidated Balance Sheets - CAD ($)
Mar. 31, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 9,366,821 $ 19,245,628
Prepaid expenses 580,580 900,310
Other receivables 710,073 532,835
Spare parts 1,178,941 212,135
TOTAL CURRENT ASSETS 11,836,415 20,890,908
NON-CURRENT ASSETS    
Exploration and evaluation assets 8,495,730 8,594,798
Property, plant and equipment 8,126,334 8,488,499
TOTAL NON-CURRENT ASSETS 16,622,064 17,083,297
TOTAL ASSETS 28,458,479 37,974,205
CURRENT LIABILITIES    
Trade payables and accrued liabilities 3,756,692 4,280,146
Lease liabilities 1,319,863 1,611,143
TOTAL CURRENT LIABILITIES 5,076,555 5,891,289
NONCURRENT LIABILITIES    
Vehicle financing 211,284 236,124
Provision for leave and severance 633,304 510,202
Term loan 18,197,327 17,956,423
Deferred share units liability 939,128 884,481
NSR Option liability 2,750,000 2,750,000
TOTAL NON-CURRENT LIABILITIES 22,731,043 22,337,230
TOTAL LIABILITIES 27,807,598 28,228,519
SHAREHOLDERS' EQUITY    
Common shares (No par value, unlimited common shares authorized; 149,427,179 issued and outstanding) (December 31, 2023 - 149,300,920) 0 0
Preferred shares 31,516 31,516
Additional paid-in capital 116,459,585 116,069,973
Deficit (113,913,996) (104,566,816)
Accumulated other comprehensive loss (1,926,224) (1,788,987)
TOTAL SHAREHOLDERS' EQUITY 650,881 9,745,686
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 28,458,479 $ 37,974,205