XML 15 R2.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Interim Consolidated Balance Sheets (Unaudited) - CAD ($)
Sep. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 14,117,843 $ 6,105,933
Prepaid expenses 1,040,240 540,288
Other receivables 1,346,625 972,022
TOTAL CURRENT ASSETS 16,504,708 7,618,243
NON-CURRENT ASSETS    
Exploration and evaluation assets 8,471,766 8,846,821
Property, plant and equipment 9,062,031 8,488,405
TOTAL NON-CURRENT ASSETS 17,533,797 17,335,226
TOTAL ASSETS 34,038,505 24,953,469
CURRENT LIABILITIES    
Trade payables and accrued liabilities – current 5,800,791 3,893,216
Vehicle financing – current 153,383 136,935
Mortgage payable – current 238,110
DSU liability – current 339,959 177,602
TOTAL CURRENT LIABILITIES 6,532,243 4,207,753
NON-CURRENT LIABILITIES    
Trade payables and accrued liabilities – non-current 146,091 584,364
Provision for leave and severance 1,332,309 1,001,936
Vehicle financing – non-current 130,127 109,202
Mortgage payable – non-current 1,175,034
Term Loan 18,983,212
NSR option liability 2,750,000 2,750,000
DSU liability – non-current 337,467 764,062
TOTAL NON-CURRENT LIABILITIES 5,871,028 24,192,776
TOTAL LIABILITIES 12,403,271 28,400,529
SHAREHOLDERS’ EQUITY (DEFICIENCY)    
Common Shares (no par value, unlimited Common Shares authorized) (issued and outstanding: September 30, 2025 - 21,455,608; December 31, 2024 – 9,285,424)
Preferred shares (no par value, 20,000,000 authorized) Series 1 Convertible Preferred Shares (no par value, 4,000,000 authorized) (issued and outstanding: September 30, 2025 – 118,186; December 31, 2025 – 118,186) 31,516 31,516
Additional paid-in capital 216,431,825 145,025,333
Deficit (193,308,643) (146,987,099)
Accumulated other comprehensive loss (1,519,464) (1,516,810)
TOTAL SHAREHOLDERS’ EQUITY (DEFICIENCY) 21,635,234 (3,447,060)
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIENCY) $ 34,038,505 $ 24,953,469