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Condensed Interim Consolidated Statements of Cash Flows (Unaudited) - CAD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
OPERATING ACTIVITIES              
Net loss for the period $ (9,793,192) $ (9,347,180) $ (8,146,907) $ (6,367,772) $ (19,140,372) $ (14,514,679)  
Interest payment on Term Loan         (1,038,412)  
Interest payment on A&R Promissory Note         (412,329)  
Items not affecting cash:              
DSUs granted         564,913 306,405  
Fair value movement of DSUs         (320,516)  
Depreciation 369,674   43,998   733,902 89,760 $ 744,783
Provision for leave and severance         259,983 163,866  
Accrued interests and accretion on loans         1,533,261 648,614  
Share-based payment 389,612     779,224  
Warrant fair value movement         116,177  
Changes in non-cash working capital and non-current liability              
Prepaid expenses and other receivables         (134,824) (52,726)  
Trade payables and accrued expenses         (6,934) (856,067)  
Spare parts         (992,311) (212,135)  
Net cash used in operating activities         (17,762,086) (14,723,114)  
INVESTING ACTIVITIES              
Acquisition of property, plant and equipment         (128,277) (1,391,031)  
Net cash used in investing activities         (128,277) (1,391,031)  
FINANCING ACTIVITIES              
Proceeds from issuance of units         27,454,421 23,814,272  
Share issue costs         (278,847) (1,521,306)  
Loan proceeds, net of fees         14,304,202  
NSR option         2,750,000  
A&R Promissory Note repayment         (7,000,000)  
Vehicle loan payment         (45,171) (34,898)  
Lease payment         (304,237) (95,479)  
Net cash provided by financing activities         26,826,166 32,216,791  
Effect of exchange rate changes on cash and cash equivalents         (99,914) 342,255  
Change in cash and cash equivalents for the period         8,835,889 16,444,901  
Cash and cash equivalents at the beginning of the period   $ 19,245,628   $ 5,162,991 19,245,628 5,162,991 5,162,991
Cash and cash equivalents at the end of the period $ 28,081,517   $ 21,607,892   28,081,517 21,607,892 $ 19,245,628
Supplemental cash flow information              
Income taxes paid          
Interest paid         $ 1,135,919 $ 412,329