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Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) - CAD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating expenses      
General and administrative $ 2,902,000 $ 2,395,000 $ 1,925,000
Consulting and professional fees 3,782,000 4,659,000 2,729,000
Acquisition cost 442,000 700,000 3,428,000
Investor relations and marketing 811,000 633,000 1,000,000
Refinery, engineering and metallurgical studies 0 0 2,349,000
Refinery, permitting and environmental expenses 0 0 128,000
Salaries and benefits 4,318,000 3,775,000 3,913,000
Share-based payments (Note 14) 1,739,000 1,821,000 1,282,000
Operating loss before noted items below: 13,994,000 13,983,000 16,754,000
Other      
Unrealized loss on marketable securities (Note 8) 41,000 (253,000) (589,000)
Gain on financial derivative liability - Convertible Notes (Note 11) (4,493,000) 6,683,000 27,686,000
Changes in fair value of US Warrant (Note 14 (c)) 7,000 1,243,000 1,531,000
Other non-operating income (loss) (Note 16) 11,008,000 6,472,000 (677,000)
Impairment (Note 6) 0 (51,884,000) 0
Net Income (loss) (29,447,000) (64,666,000) 12,551,000
Other comprehensive income (loss):      
Fair value adjustment of 2028 Notes due to credit risk (1,342,000) 0 0
Foreign currency translation gain (loss) 7,538,000 (2,082,000) 0
Net income (loss) and other comprehensive loss $ (23,251,000) $ (66,748,000) $ 12,551,000
Basic income (loss) per share (Note 17) (in CAD per share) $ (2.07) $ (5.96) $ 1.54
Diluted loss per share (Note 17) (in CAD per share) $ (2.07) $ (5.96) $ (1.49)
Weighted average number of common shares outstanding - Basic (Note 17) (in shares) 14,256,263 10,857,737 8,161,727
Weighted average number of common shares outstanding - Diluted (Note 17) (in shares) 14,256,263 10,857,737 10,190,847