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Condensed Interim Consolidated Balance Sheets (Unaudited) - CAD ($)
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 26,463,957 $ 6,105,933
Prepaid expenses 1,471,657 540,288
Other receivables 1,435,756 972,022
TOTAL CURRENT ASSETS 29,371,370 7,618,243
NON-CURRENT ASSETS    
Exploration and evaluation assets 8,794,678 8,846,821
Property, plant and equipment 8,887,826 8,488,405
TOTAL NON-CURRENT ASSETS 17,682,504 17,335,226
TOTAL ASSETS 47,053,874 24,953,469
CURRENT LIABILITIES    
Trade payables and accrued liabilities – current 4,812,152 3,893,216
Vehicle financing – current 180,949 136,935
DSU liability – current 502,929 177,602
TOTAL CURRENT LIABILITIES 5,496,030 4,207,753
NON-CURRENT LIABILITIES    
Trade payables and accrued liabilities – non-current 292,182 584,364
Provision for leave and severance 1,181,049 1,001,936
Vehicle financing – non-current 161,762 109,202
Term Loan 18,983,212
NSR option liability 2,750,000 2,750,000
DSU liability – non-current 617,224 764,062
TOTAL NON-CURRENT LIABILITIES 5,002,217 24,192,776
TOTAL LIABILITIES 10,498,247 28,400,529
SHAREHOLDERS’ EQUITY (DEFICIENCY)    
Common Shares (no par value, unlimited Common Shares authorized; 21,449,318 issued and outstanding) (December 31, 2024 – 9,285,424)
Preferred shares 31,516 31,516
Additional paid-in capital 215,735,416 145,025,333
Deficit (177,304,175) (146,987,099)
Accumulated other comprehensive loss (1,907,130) (1,516,810)
TOTAL SHAREHOLDERS’ EQUITY (DEFICIENCY) 36,555,627 (3,447,060)
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIENCY) $ 47,053,874 $ 24,953,469