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Condensed Interim Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - CAD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
EXPENSES        
General and administrative expenses $ 2,314,273 $ 1,936,140 $ 6,657,082 $ 6,250,925
Depreciation 354,581 151,500 1,088,483 241,260
General exploration expenses 7,318,600 4,330,412 18,598,362 13,252,757
Interest and bank charges 10,557 17,035 26,831 34,865
Share-based payment 933,619 1,712,843
DSUs granted 317,497 215,764 882,410 564,000
Fair value movement of DSUs (153,304) 36,355 (473,820) (5,476)
Net foreign exchange loss 146,359 153,014 360,361 256,917
Operating expenses 11,242,182 6,840,220 28,852,552 20,595,248
OTHER ITEMS        
Interest (income) expense (23,945) 126,623 (24,398) 193,441
Interest expense and accretion on Term Loan 786,723 717,991 2,317,178 728,277
Interest expense on A&R Promissory Note 682,547
NET LOSS FOR THE PERIOD 12,004,960 7,684,834 31,145,332 22,199,513
OTHER COMPREHENSIVE (INCOME) LOSS        
Exchange differences on translation of foreign operations (143,911) 183,703 (399,371) 903,578
TOTAL COMPREHENSIVE LOSS FOR THE PERIOD $ 11,861,049 $ 7,868,537 $ 30,745,961 $ 23,103,091
Basic loss per share $ 0.06 $ 0.06 $ 0.19 $ 0.18
Diluted loss per share $ 0.06 $ 0.06 $ 0.19 $ 0.18
Weighted average number of common shares outstanding - basic 185,708,588 135,730,527 163,300,132 125,150,919
Weighted average number of common shares outstanding - diluted 185,708,588 135,730,527 163,300,132 125,150,919