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Condensed Interim Consolidated Balance Sheets (Unaudited) - CAD ($)
Sep. 30, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 17,358,377 $ 19,245,628
Prepaid expenses 1,285,587 900,310
Other receivables 826,490 532,835
Spare parts 1,202,055 212,135
TOTAL CURRENT ASSETS 20,672,509 20,890,908
NON-CURRENT ASSETS    
Exploration and evaluation assets 8,855,512 8,594,798
Property, plant and equipment 7,764,047 8,488,499
TOTAL NON-CURRENT ASSETS 16,619,559 17,083,297
TOTAL ASSETS 37,292,068 37,974,205
CURRENT LIABILITIES    
Trade payables and accrued liabilities 4,904,635 4,280,146
Lease liabilities 675,181 1,611,143
TOTAL CURRENT LIABILITIES 5,579,816 5,891,289
NON-CURRENT LIABILITIES    
Vehicle financing 280,470 236,124
Provision for leave and severance 959,537 510,202
Term Loan 18,710,277 17,956,423
DSU liability 1,293,071 884,481
NSR option liability 2,750,000 2,750,000
TOTAL NON-CURRENT LIABILITIES 23,993,355 22,337,230
TOTAL LIABILITIES 29,573,171 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 144,789,145 116,069,973
Deficit (135,712,148) (104,566,816)
Accumulated other comprehensive loss (1,389,616) (1,788,987)
TOTAL SHAREHOLDERS’ EQUITY 7,718,897 9,745,686
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 37,292,068 $ 37,974,205