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Consolidated Statements of Financial Position - CAD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 3,717 $ 7,560
Restricted cash 0 888
Marketable securities (Note 8) 12 595
Prepaid expenses and deposits 672 468
Receivables (Note 5) 1,310 1,081
Current assets 5,711 10,592
Non-Current Assets    
Exploration and evaluation assets (Note 7) 93,200 85,634
Property, plant and equipment (Note 6) 51,189 51,258
Capital long-term prepayments (Note 6) 139 0
Long-term restricted cash 1,208 1,208
Total Assets 151,447 148,692
Current Liabilities    
Accounts payable and accrued liabilities 3,579 8,828
Accrued interest 2,799 5,730
Convertible notes payable (Note 11) 63,963 40,101
Warrants (Note 11) 1,582 1,421
US warrants (Note 14 (c)) 0 7
Lease liability (Note 12) 50 43
Current liabilities 71,973 56,130
Non-Current Liabilities    
Government loan payable (Note 10) 7,824 4,299
Government grants (Note 10) 3,124 849
Royalty (Note 11) 1,283 858
Balance at December 31 – Long-term portion 83 132
Asset retirement obligations (Note 9) 2,842 3,126
Total Liabilities 87,129 65,394
Shareholders’ Equity    
Common shares (Note 13) 307,723 304,721
Reserve (Note 13) 26,848 25,579
Accumulated other comprehensive income (loss) 4,639 (1,557)
Deficit (274,892) (245,445)
Total Shareholders’ Equity 64,318 83,298
Total Liabilities and Shareholders’ Equity $ 151,447 $ 148,692