Note 12: Flow-through share premium liability

Flow-through shares are issued at a premium, calculated as the difference between the price of a flow-through share and the price of a common share at that date. Tax deductions generated by eligible expenditures are passed through to the shareholders of the flow-through shares once the eligible expenditures are incurred and renounced.

In March 2023, the Company completed an equity financing by raising $8,750 through the issuance of 6,076,500 flow-through subscription receipts.

The flow-through share funding and expenditures along with the corresponding impact on the flow-through share premium liability were as follows:

		Expenditures			Flow through premium liability
Balance at December 31, 2020	$	18,079		$	7,644
Flow-through eligible expenditures		(10,789	)		(4,520	)
Balance at December 31, 2021	$	7,290		$	3,124
Flow-through eligible expenditures		(7,290	)		(3,124	)
Balance at December 31, 2022	$	-		$	-
Flow-through funds raised		8,750			3,889
Flow-through eligible expenditures		(7,527	)		(3,345	)
Balance at December 31, 2023	$	1,223		$	544