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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Taxes [Abstract] |
Schedule of Components of Loss Before Income Taxes | The components of loss before income taxes are as follows:
|  | Year Ended December 31,
|  | 2023 |  | 2022
Domestic |  | $ | (8,925,899 | ) |  | $ | (20,999,110 | )
Foreign |  |  | (1,586,258 | ) |  |  | (1,474,082 | )
Total |  | $ | (10,512,157 | ) |  | $ | (22,473,192 | )
Schedule of Income Taxes at Statutory Rates | For purposes of reconciling the Company’s provision for income taxes at the statutory rate and the Company’s provision (benefit) for income taxes at the effective tax rate, a notional 27% tax rate was applied as follows:
|  | 2023 |  | 2022
|  | ($) |  | ($)
Loss for the year |  | (10,512,157 | ) |  | (22,473,192 | )
Income tax at federal statutory rate |  | (2,838,000 | ) |  | (5,876,000 | )
Increase (decrease) in tax resulting from: |  |  |  |  |  |
Change in statutory, foreign tax, foreign exchange rates and other |  | 536,000 |  |  | (12,000 | )
Permanent differences |  | (218,000 | ) |  | 1,875,000 |
Share issue costs |  | — |  |  | 370,000 |
Change in unrecognized deductible temporary differences |  | 2,686,000 |  |  | 3,643,000 |
Other |  | (166,000 | ) |  | — |
Income tax expense |  | — |  |  | — |
Schedule of Net Deferred Tax Assets (Liabilities) | The net deferred tax assets (liabilities) are comprised of the following:
|  | 2023 |  | 2022
|  | ($) |  | ($)
Deferred tax assets: |  |  |  |  |  |
Non-capital losses carry-forward |  | 15,769,000 |  |  | 14,379,000 |
Exploration and Evaluation assets |  | 1,470,000 |  |  | 1,470,000 |
Share issuance costs |  | 733,000 |  |  | 789,000 |
Intangible assets |  | 2,047,000 |  |  | 622,000 |
Other deferreds |  | 1,000 |  |  | 12,000 |
Allowable capital losses |  | 3,635,000 |  |  | 3,558,000 |
Property and equipment |  | 77,000 |  |  | 76,000 |
Valuation allowance |  | (23,732,000 | ) |  | (20,906,000 | )
Total deferred income taxes |  | — |  |  | — |
Schedule of Deferred Income Taxes Unused Tax Credits and Unused Tax Losses | The significant components of the Company’s temporary differences, unused tax credits and unused tax losses that have not been included on the consolidated balance sheets are as follows:
Temporary Differences |  | 2023 |  | Expiry Date Range |  | 2022 |  | Expiry Date Range
|  | ($) |  |  |  | ($) |  |
Non-capital losses available for future periods – US |  | 45,697,000 |  | 2036 to indefinite |  | 41,188,000 |  | 2036 to indefinite
Non-capital losses available for future periods – Canada |  | 22,862,000 |  | 2026 to 2043 |  | 21,739,000 |  | 2026 to 2041
Allowable capital losses |  | 13,463,000 |  | No expiry date |  | 13,178,000 |  | No expiry date
Property and equipment |  | 280,000 |  | No expiry date |  | 270,000 |  | No expiry date
Intangible assets |  | 9,747,000 |  | No expiry date |  | 2,962,000 |  | No expiry date
Exploration and evaluation assets |  | 5,446,000 |  | No expiry date |  | 5,446,000 |  | No expiry date
Share issuance costs |  | 2,715,000 |  | No expiry date |  | 2,922,000 |  | No expiry date

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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