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CONSOLIDATED STATEMENTS OF CASH FLOWS - CAD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating activities    
Net income (loss) $ 12,551 $ (34,916)
Adjustments for items not affecting cash:    
Share-based payments 1,282 731
Unrealized loss on marketable securities 589 2,617
Realized loss on marketable securities 220 102
Depreciation 48 2
Loss on financial derivatives revaluation on Glencore loan   12
(Gain) Loss on financial derivative liability - convertible notes (27,686) 12,952
Gain on other financial derivative liability (1,531)  
Impairment (reversal) expense (1,338)  
Directors fees paid in DSUs 115 32
Gain on Kuya option exercise   (1,123)
Withholding tax liability 14  
Loss on conversion of Glencore loan   1,566
Interest expense on Glencore loan   128
Interest Income on restricted cash   (19)
Flow-through share premium   (321)
Unrealized (gain) loss on foreign exchange 1,019 (681)
Reclassification of expensed transactio costs on convertible notes   1,826
Total adjustments for items not affecting cash (14,717) (17,092)
Changes in operating working capital:    
Increase in receivables (2,122) (587)
Increase (Decrease) in accounts payable and accrued liabilities 1,125 (218)
(Increase) Decrease in prepaid and other current assets (131) 1,021
Cash Flows used in operating activities (15,845) (16,876)
Investing activities    
Acquisition of exploration and evaluation assets, net of cash (31) (112)
Capital long-term prepayments 3,544 (6,631)
Proceeds from sale of marketable securities 525 152
Additions to property, plant and equipment (47,591) (1,985)
Sale of exploration and evaluation assets, net of cash   500
Cash Flows used in investing activities (43,553) (8,076)
Financing activities    
Proceeds from issuance of units, net transaction costs of $1,859 (2021 - $1,739) 3,121 17,600
Proceeds from at-the-market equity program ("ATM Program"), net transaction costs of $92 (2021 - $21) 3,701 666
Proceeds from exercise of warrants 807 6,217
Proceeds from exercise of options 140 148
Proceeds from government loan 3,733 1,000
Proceeds from government grant 165  
Proceeds from convertible notes   53,249
Interest on convertible notes (3,183) 0
Cash Flows provided by financing activities 8,484 78,880
Changes in cash during the period (50,914) 53,928
Effect of exchange rates on cash 240 524
Cash - Beginning of the period 58,626 4,174
Cash - End of the period $ 7,952 $ 58,626