XML 27 R14.htm IDEA: XBRL DOCUMENT v3.25.2
PROPERTY, PLANT AND EQUIPMENT
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT

6. PROPERTY, PLANT AND EQUIPMENT

 

The tables below set out costs and accumulated depreciation and amortization as at June 30, 2025 and December 31, 2024:

 

SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT

Cost 

Land and Buildings(1)

$

  

Equipment(1) (2)

$

  

Furniture & Fixtures

$

  

Vehicles

$

  

Computer & Software

$

  

Total

$

 
Balance – December 31, 2023   2,909,637    5,476,434    191,899    398,032    567,407    9,543,409 
Additions   73,049    1,129,567    30,121    111,629    6,543    1,350,909 
Foreign currency translation   86,264    (22,306)   3,857    11,561    35,317    114,693 
Balance – December 31, 2024   3,068,950    6,583,695    225,877    521,222    609,267    11,009,011 
Additions   -    1,312,094    2,804    191,563    3,669    1,510,130 
Foreign currency translation   (18,087)   (34,325)   (1,037)   (4,013)   (3,608)   (61,070)
Balance – June 30, 2025   3,050,863    7,861,464    227,644    708,772    609,328    12,458,071 

 

Accumulated Depreciation & Amortization   Land and Buildings(1)    Equipment(1) (2)     Furniture & Fixtures    Vehicles    Computer & Software    Total 
Balance – December 31, 2023   170,256    401,409    19,079    106,083    145,948    842,775 
Depreciation during the year   110,535    1,229,847    14,750    113,688    162,644    1,631,464 
Foreign currency translation   2,609    13,358    750    4,581    25,069    46,367 
Balance – December 31, 2024   283,400    1,644,614    34,579    224,352    333,661    2,520,606 
Depreciation during the period   43,182    665,653    16,591    70,542    271,182    1,067,150 
Foreign currency translation   (1,882)   (10,413)   (247)   (1,669)   (3,300)   (17,511)
Balance – June 30, 2025   324,700    2,299,854    50,923    293,225    601,543    3,570,245 

 

Carrying Value   Land and Buildings(1)    Equipment(1) (2)     Furniture & Fixtures    Vehicles    Computer & Software    Total 
Balance – December 31, 2024   2,785,550    4,939,081    191,298    296,870    275,606    8,488,405 
Balance – June 30, 2025   2,726,163    5,561,610    176,721    415,547    7,785    8,887,826 

 

Note:

 

(1)Land and Buildings contains the Syringa Lodge right-of-use (“ROU”) asset and Equipment contains the drilling equipment supply agreement ROU asset. The Company obtained full title to these assets during the year ended December 31, 2024.
(2)Included within Equipment is $945,296 related to the Selebi Hinge deep drill and other capital components that were in transit at June 30, 2025, which are currently non-depreciable.

 

 

 

Notes to the Unaudited Condensed Interim Consolidated Financial Statements

For the three and six months ended June 30, 2025 and 2024

(Expressed in Canadian dollars)