XML 41 R21.htm IDEA: XBRL DOCUMENT
v3.25.2

Note 15 - Income Tax | 12 Months Ended
--- | ---
Dec. 31, 2024
Statement Line Items [Line Items] |
Disclosure of income tax [text block] |
15. | Income Tax
Income tax reconciliation The following table reconciles the expected income taxes expense (recovery) at the Canadian statutory income tax rates to the amounts recognized in the statements of operations for the year ended December 31, 2024, 2023 and 2022:
|  | December 31, |  |  | December 31, |  |  | December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
(Loss) income before income taxes |  | $ | (29,447 | ) |  | $ | (64,666 | ) |  | $ | 12,551 |
Statutory tax rate |  |  | 26.5 | % |  |  | 26.5 | % |  |  | 26.5 | %
Expected expense (recovery) at statutory rate |  |  | (7,804 | ) |  |  | (17,136 | ) |  |  | 3,326 |
Tax rate difference |  |  | (3 | ) |  |  | (1 | ) |  |  | — |
Share based compensation |  |  | 461 |  |  |  | — |  |  |  | — |
Permanent differences |  |  | 918 |  |  |  | 107 |  |  |  | (3,286 | )
Net change in benefits previously not recognized |  |  | 8,815 |  |  |  | 17,699 |  |  |  | (40 | )
Share issuance costs |  |  | (48 | ) |  |  | (515 | ) |  |  | — |
True up |  |  | 227 |  |  |  | (170 | ) |  |  | — |
OCI |  |  | (355 | ) |  |  | — |  |  |  | — |
Foreign exchange |  |  | (2,385 | ) |  |  | — |  |  |  | — |
Other |  |  | 174 |  |  |  | 16 |  |  |  | — |
Income tax expense (recovery) |  | $ | — |  |  | $ | — |  |  | $ | — |
The significant components of the Company’s deferred income tax assets (liabilities) are as follows:
|  | December 31, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Convertible notes payable |  | $ | (4,619 | ) |  | $ | (6,475 | )
Property, plant and equipment |  |  | — |  |  |  | — |
|  | $ | (4,619 | ) |  | $ | (6,475 | )
Deferred tax assets: |  |  |  |  |  |  |  |
Non-capital loss |  | $ | 4,619 |  |  | $ | 6,475 |
Financial derivative liability |  |  | — |  |  |  | — |
|  |  | 4,619 |  |  | $ | 6,475 |
Deferred income tax assets / (liabilities) |  | $ | — |  |  | $ | — |
Deferred taxes reflect the tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and their tax values. The unrecognized deductible temporary differences at December 31, 2024 and 2023 are as follows:
|  | December 31, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
Non-capital loss carry-forwards |  | $ | 75,830 |  |  | $ | 51,652 |
Exploration and evaluation properties |  |  | 21,459 |  |  |  | 20,630 |
Property, Plant and Equipment |  |  | 43,299 |  |  |  | 39,973 |
Capital loss carry forward |  |  | 27,994 |  |  |  | 26,835 |
Other |  |  | 14,253 |  |  |  | 10,683 |
Total unrecognized temporary differences |  | $ | 182,835 |  |  | $ | 149,773 |
The capital loss of $27,994 ( December 31, 2023 - $26,835) can be carried forward indefinitely and can only be realized against future capital gains. The Company has the following unrecognized non-capital loss carryforwards of approximately $72,286 ( December 31, 2023 – $48,769) which may be carried forward to apply against future year income tax for Canadian income tax purposes, subject to the final determination by taxation authorities, expiring in the following years:
|  | December 31, |  |  | December 31, |
Year |  | 2024 |  |  | 2023 |
2037 |  | $ | 33 |  |  | $ | 31 |
2038 |  |  | 384 |  |  |  | 361 |
2039 |  |  | 1,532 |  |  |  | 1,440 |
2040 |  |  | 3,621 |  |  |  | 3,402 |
2041 |  |  | 15,094 |  |  |  | 8,340 |
2042 |  |  | 15,554 |  |  |  | 14,318 |
2043 |  |  | 23,513 |  |  |  | 20,877 |
2044 |  |  | 12,555 |  |  |  | — |
Total |  | $ | 72,286 |  |  | $ | 48,769 |
The Company also has non-capital loss carryforwards of $616 and $2,928 to apply against future year income tax in Australia and the United States, respectively. The majority of these carry forward losses do not expire.

X
- References No definition available. + Details
Name: | elbm_Statement1LineItems
Namespace Prefix: | elbm_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | ifrs-full_DisclosureOfIncomeTaxExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration