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Condensed Interim Consolidated Balance Sheets (Unaudited) - CAD ($)
Jun. 30, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 28,081,517 $ 19,245,628
Prepaid expenses 628,643 900,310
Other receivables 939,326 532,835
Spare parts 1,204,446 212,135
TOTAL CURRENT ASSETS 30,853,932 20,890,908
NON-CURRENT ASSETS    
Exploration and evaluation assets 8,699,085 8,594,798
Property, plant and equipment 7,981,157 8,488,499
TOTAL NON-CURRENT ASSETS 16,680,242 17,083,297
TOTAL ASSETS 47,534,174 37,974,205
CURRENT LIABILITIES    
Trade payables and accrued liabilities 4,273,213 4,280,146
Lease liabilities 1,306,906 1,611,143
TOTAL CURRENT LIABILITIES 5,580,119 5,891,289
NON-CURRENT LIABILITIES    
Vehicle financing 190,953 236,124
Provision for leave and severance 770,185 510,202
Term Loan 18,448,467 17,956,423
DSUs liability 1,128,878 884,481
NSR option liability 2,750,000 2,750,000
TOTAL NON-CURRENT LIABILITIES 23,288,483 22,337,230
TOTAL LIABILITIES 28,868,602 28,228,519
SHAREHOLDERS’ EQUITY    
Common shares (No par value, unlimited common shares authorized; 185,708,588 issued and outstanding) (December 31, 2023 – 149,300,920)
Preferred shares 31,516 31,516
Additional paid-in capital 143,874,771 116,069,973
Deficit (123,707,188) (104,566,816)
Accumulated other comprehensive loss (1,533,527) (1,788,987)
TOTAL SHAREHOLDERS’ EQUITY 18,665,572 9,745,686
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 47,534,174 $ 37,974,205