XML 65 R37.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Income Tax (Tables) | 12 Months Ended
--- | ---
Nov. 30, 2023
Income Tax Disclosure [Abstract] |
Schedule Of Effective Tax Rate | A reconciliation of the provision for income taxes computed at the combined federal and state statutory rate to the provision for income taxes as shown in the statements of operations for the years ended November 30, 2023 and 2022 is as follows: Schedule Of Effective Tax Rate
|  | Year ended November 30, |
|  | 2023 |  |  | 2022 |
Federal income tax provision rate |  |  | 21.00 | % |  |  | 21.00 | %
State income tax provision rate, net of federal tax |  |  | 7.43 | % |  |  | 7.43 | %
|  |  | 28.43 | % |  |  | 28.43 | %
|  | 2023 |  |  | 2022 |
|  | Year ended November 30, |
|  | 2023 |  |  | 2022 |
Net loss for the year before tax |  | $ | (9,351,640 | ) |  | $ | (1,738,657 | )
Statutory federal income rate |  |  | 21.00 | % |  |  | 21.00 | %
Recovery of income taxes at statutory rates |  | $ | (1,963,844 | ) |  | $ | (365,118 | )
State tax |  |  | (696,186 | ) |  |  | (129,182 | )
Permanent differences |  |  | 448,615 |  |  |  | 525,401 |
Adjustments to valuation allowance related to prior years |  |  | 58,886 |  |  |  | - |
Change in valuation allowance |  |  | 2,157,466 |  |  |  | (31,101 | )
Other |  |  | - |  |  |  | - |
Tax expense for the year |  | $ | 4,937 |  |  | $ | - |
Schedule of Deferred Tax Assets | Deductible temporary differences and unused tax losses for which no deferred tax assets have been recognized are attributable to the following: Schedule of Deferred Tax Assets
|  | 2023 |  |  | 2022 |
|  | Year ended November 30, |
|  | 2023 |  |  | 2022 |
Non-capital loss carry-forward |  | $ | 2,453,215 |  |  | $ | 652,677 |
Resource properties |  |  | 446,198 |  |  |  | 90,923 |
Equipment |  |  | 59,110 |  |  |  | 58,741 |
Others |  |  | 7,707 |  |  |  | 6,423 |
Deferred income tax assets |  |  | 2,966,230 |  |  |  | 808,764 |
Valuation allowance |  |  | (2,966,230 | ) |  |  | (808,764 | )
Deferred income tax assets |  | $ | - |  |  | $ | - |
Summary of Operating Loss Carryforwards | Our U.S. federal net operating loss carryforwards expire as follows: Summary of Operating Loss Carryforwards
November 30, 2034 |  | $ | 46,930 |
November 30, 2035 |  |  | 289,455 |
November 30, 2036 |  |  | 283,286 |
November 30, 2037 |  |  | 277,548 |
Indefinite |  |  | 7,731,747 |
Total |  | $ | 8,628,966 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-3 + Details
Name: | us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration