XML 20 R6.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Interim Consolidated Statements of Cash Flows (Unaudited) - CAD ($)
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
OPERATING ACTIVITIES          
Net loss for the period $ (12,004,960) $ (7,684,834) $ (31,145,332) $ (22,199,513)  
Interest payment on Term Loan     (1,563,324) (390,411)  
Interest payment on A&R Promissory Note     (412,329)  
Items not affecting cash:          
DSUs granted 317,497 215,764 882,410 564,000  
Fair value movement of DSUs (153,304) 36,355 (473,820) (5,476)  
Depreciation 354,581 151,500 1,088,483 241,260 $ 744,783
Provision for leave and severance     449,335 257,104  
Accrued interest and accretion on loans     2,237,268 337,866  
Share-based payment 933,619 1,712,843  
Accrued interest on lease liability     107,238 233,327  
Changes in non-cash working capital and non-current liability          
Prepaid expenses and other receivables     (678,932) (1,208,558)  
Trade payables and accrued expenses     624,489 (1,499,776)  
Spare parts     (989,920) (212,135)  
Net cash used in operating activities     (27,749,262) (24,294,641)  
INVESTING ACTIVITIES          
Acquisition of property, plant and equipment     (25,835) (2,852,916)  
Additions to expenditures on exploration and evaluation assets     (483,883)  
Interest received     91,703 39,622  
Net cash from (used in) investing activities     65,868 (3,297,177)  
FINANCING ACTIVITIES          
Proceeds from issuance of units     27,499,999 23,814,272  
Share issue costs     (295,578) (1,818,956)  
Loan proceeds, net of fees     14,625,000  
NSR option     2,750,000  
A&R Promissory Note repayment     (7,000,000)  
Vehicle financing payment, net     44,345 375  
Lease payment     (1,112,496) (946,427)  
Net cash provided by financing activities     26,136,270 31,424,264  
Effect of exchange rate changes on cash and cash equivalents     (340,127) (142,141)  
Change in cash and cash equivalents for the period     (1,887,251) 3,690,305  
Cash and cash equivalents at the beginning of the period     19,245,628 5,162,991 5,162,991
Cash and cash equivalents at the end of the period $ 17,358,377 $ 8,853,296 17,358,377 8,853,296 $ 19,245,628
Supplemental cash flow information          
 Income taxes paid      
 Interest paid     $ 1,682,379 $ 809,238