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CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Cash flows used in operating activities        
Net loss for the period $ (1,135,145) $ (295,501) $ (1,698,819) $ (795,010)
Items not affecting cash:        
Current income tax expense 0 0 150 150
Depreciation 1,145 694 1,695 1,389
Interest and finance income (15,936) (45,569) (38,693) (95,845)
Share-based compensation 5,985 40,171 18,763 180,368
Unrealized fair value loss (gain) on marketable securities 6,634 (5,356) 10,206 (1,332)
Unrealized foreign exchange loss (gain) 1,155 (1,305) 1,514 (1,344)
Write-off of E&E assets 769,936 0 770,774 770
Changes in non-cash working capital items:        
Receivables and other (159,381) (135,637) (122,079) (72,065)
Accounts payable and accrued liabilities (49,529) (39,398) (22,109) (26,142)
Income taxes paid 0 0 (150) (150)
Net cash used in operating activities (575,136) (481,901) (1,078,748) (809,211)
Cash flows generated by investing activities        
Expenditures on E&E assets (131,504) (120,571) (201,323) (324,790)
Interest received 23,083 82,589 40,508 97,007
Purchase of property and equipment (7,145) 0 (7,145) 0
Purchase of short-term investments (850,000) (2,250,000) (850,000) (2,250,000)
Redemption of short-term investments 1,150,000 2,600,000 1,900,000 3,350,000
Net cash generated by investing activities 184,434 312,018 882,040 872,217
Increase (decrease) in cash and cash equivalents for the period (390,702) (169,883) (196,708) 63,006
Cash and cash equivalents, beginning of period   765,529 573,159 381,899
Effect of foreign exchange rate changes on cash and cash equivalents (1,747) 3,756 (3,371) 3,860
Cash and cash equivalents, end of period $ 373,080 $ 448,765 $ 373,080 $ 448,765