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INCOME TAXES | 12 Months Ended
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Mar. 31, 2025
Major components of tax expense (income) [abstract] |
INCOME TAXES [Text Block] | 15. INCOME TAXES (a) Provision for Income Taxes Major items causing the Company's effective income tax rate to differ from the combined Canadian federal and provincial statutory rate of 26.5% (2024 - 26.5%) were as follows:
|  | 2025 |  |  | 2024 |
|  | $ |  |  | $ |
Loss before income taxes |  | (10,039,658 | ) |  | (11,703,990 | )
Expected income tax recovery based on statutory rate |  | (2,661,000 | ) |  | (3,102,000 | )
Adjustments to expected income tax benefit: |  |  |  |  |  |
Share-based compensation |  | 405,000 |  |  | 473,000 |
Non-deductible expenses and other |  | 7,000 |  |  | (33,000 | )
Change in benefit of tax assets not recognised |  | 2,249,000 |  |  | 2,662,000 |
Deferred income tax provision (recovery) |  | - |  |  | - |
b) Deferred Income Tax The components of deferred tax are summarised below. Deferred tax assets and liabilities have been offset where they relate to income taxes levied by the same taxation authority and the Company has the legal right and intent to offset.
|  | 2025 |  |  | 2024 |
|  | $ |  |  | $ |
Recognised deferred tax assets and liabilities |  |  |  |  |  |
Interest in exploration and evaluation property |  | - |  |  | 507,635 |
Property and equipment |  | - |  |  | (515,160 | )
Right-of-use assets |  | (78,000 | ) |  | (121,000 | )
Lease liability |  | 78,000 |  |  | 128,525 |
Net deferred tax assets |  | - |  |  | - |
Deferred income tax assets have not been recognised in respect of the following deductible temporary differences:
|  | 2025 |  |  | 2024 |
|  | $ |  |  | $ |
Non-capital loss carry-forwards |  | 43,742,000 |  |  | 29,628,000 |
Equipment |  | 390,000 |  |  | - |
Interest in exploration and evaluation property |  | 28,256,000 |  |  | 26,340,000 |
Scientific research and development |  | 512,000 |  |  | 580,000 |
Share issue costs |  | 317,000 |  |  | 675,000 |
Lease liability |  | 39,000 |  |  | - |
Deductible temporary differences |  | 73,256,000 |  |  | 57,474,000 |
Deferred tax assets have not been recognised in respect of these temporary differences because it is not probable that future taxable profits will be available against which the Company can utilise the benefits. c) Loss Carry-Forwards The Company has available non-capital losses for Canadian income tax purposes which may be carried forward to reduce taxable income in future years. If not utilised, the non-capital losses of approximately $43,742,000 will expire between the fiscal years ending March 31, 2031 and March 31, 2045. The Company has approximately $35,250,000 of Canadian development and exploration expenditures as at March 31, 2025 (2024: $35,250,000), which under certain circumstances may be utilised to reduce the taxable income of future years.

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- Definition The entire disclosure for income taxes. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 12 -IssueDate 2024-01-01 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=12&code=ifrs-tx-2024-en-r&doctype=Standard&dita_xref=IAS12_g79-88_TI -URIDate 2024-03-27 + Details
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