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RISK MANAGEMENT (Tables)
 6 Months Ended
Jun. 30, 2024
Risks and Uncertainties [Abstract]  
SCHEDULE OF RISK MANAGEMENT

Foreign currency denominated financial assets and liabilities which expose the Company to currency risk are disclosed below. The amount shown are those reported and translated into CAD at the closing rate.

 

  

Short-term exposure

  

Long-term

exposure

 
  

USD

$

  

BWP

$

  

BWP

$

 
             
June 30, 2024               
Financial assets   3,009,264    9,599,663    63,088,957 
Financial liabilities   (1,696,671)   (1,935,517)   (961,138)
Total exposure   1,312,593    7,664,146    62,127,819 

 

  

Short-term exposure

  

Long-term

exposure

 
  

USD

$

  

BWP

$

  

BWP

$

 
             
December 31, 2023               
Financial assets   2,576,180    755,386    54,082,922 
Financial liabilities   (501,458)   (4,851,201)   (3,508,714)
Total exposure   2,074,722    (4,095,815)   50,574,208 
SENSITIVITY ANALYSIS FOR EFFECT OF FOREIGN CURRENCY CHANGES

If the CAD strengthened against the USD and BWP by 5%, respectively (December 31, 2023 – 5 %), it would have had the following impact:

 

  

Short-term exposure

  

Long-term exposure

 
  

USD

$

  

BWP

$

  

Total

$

  

BWP

$

 
June 30, 2024   65,630    383,207    448,837    3,106,391 
December 31, 2023   103,736    (204,791)   (101,055)   2,528,710 

 

If the CAD weakened against the USD and BWP by 5%, respectively (December 31, 2023 – 5 %), it would have had the following impact:

 

  

Short-term exposure

  

Long-term exposure

 
  

USD

$

  

BWP

$

  

Total

$

  

BWP

$

 
June 30, 2024   (65,630)   (383,207)   (448,837)   (3,106,391)
December 31, 2023   (103,736)   204,791    101,055    (2,528,710)
SCHEDULE OF CONTRACTUAL OBLIGATIONS

The following table shows the Company’s contractual obligations as at June 30, 2024:

 

  

Less than

1 year

$

  

1 - 2 years

$

  

2 - 5 years

$

  

Total

$

 
Trade payables and accrued liabilities   3,954,337    -    -    3,954,337 
Vehicle financing   74,723    95,054    21,176    190,953 
Term Loan   2,088,235    22,970,588    -    25,058,823 
Lease liabilities   1,306,906    -    -    1,306,906 
    7,424,201    23,065,642    21,176    30,511,019 
SCHEDULE OF CAPITAL RISK MANAGEMENT

SCHEDULE OF CAPITAL RISK MANAGEMENT

  

June 30,
2024

$

  

December 31, 
2023

$

 
Shareholder’s equity (deficit)   18,665,572    9,745,686 
Vehicle financing   190,953    236,124 
Lease liabilities   1,306,906    1,611,143 
Term Loan   18,448,467    17,956,423 
Capital Gross Amount   38,611,898    29,549,376 
Cash   (28,081,517)   (19,245,628)
Capital Net of Cash   10,530,381    10,303,748