PROPERTY, PLANT AND EQUIPMENT

3 Months Ended

Mar. 31, 2025

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

6. PROPERTY, PLANT AND EQUIPMENT

The tables below set out costs and accumulated depreciation and amortization as at March 31, 2025 and December 31, 2024:

Cost		Land and Buildings⁽¹⁾ $				Equipment⁽¹⁾ $				Furniture and Fixtures $				Vehicles $				Computer and Software $				Total $
Balance – December 31, 2023			2,909,637				5,476,434				191,899				398,032				567,407				9,543,409
Additions			73,049				1,129,567				30,121				111,629				6,543				1,350,909
Foreign currency translation			86,264				(22,306	)			3,857				11,561				35,317				114,693
Balance – December 31, 2024			3,068,950				6,583,695				225,877				521,222				609,267				11,009,011
Balance , Cost			3,068,950				6,583,695				225,877				521,222				609,267				11,009,011
Additions			-				45,188				1,139				-				3,706				50,033
Additions, Cost			-				45,188				1,139				-				3,706				50,033
Foreign currency translation			63,308				114,340				3,595				10,753				12,611				204,607
Foreign currency translation, Cost			63,308				114,340				3,595				10,753				12,611				204,607
Balance – March 31, 2025			3,132,258				6,743,223				230,611				531,975				625,584				11,263,651
Balance , Cost			3,132,258				6,743,223				230,611				531,975				625,584				11,263,651

Accumulated Depreciation		Land and Buildings⁽¹⁾				Equipment⁽¹⁾				Furniture and Fixtures				Vehicles				Computer and Software				Total
Balance – December 31, 2023			170,256				401,409				19,079				106,083				145,948				842,775
Depreciation during the year			110,535				1,229,847				14,750				113,688				162,644				1,631,464
Foreign currency translation			2,609				13,358				750				4,581				25,069				46,367
Balance – December 31, 2024			283,400				1,644,614				34,579				224,352				333,661				2,520,606
Balance Accumulated Depreciation			283,400				1,644,614				34,579				224,352				333,661				2,520,606
Depreciation during the period			14,809				329,812				10,936				32,864				247,407				635,828
Depreciation Accumulated Depreciation			14,809				329,812				10,936				32,864				247,407				635,828
Foreign currency translation			6,019				29,982				764				5,013				9,771				51,549
Foreign currency translation Accumulated Depreciation			6,019				29,982				764				5,013				9,771				51,549
Balance – March 31, 2025			304,228				2,004,408				46,279				262,229				590,839				3,207,983
Balance Accumulated Depreciation			304,228				2,004,408				46,279				262,229				590,839				3,207,983

Carrying Value		Land and Buildings⁽¹⁾				Equipment⁽¹⁾				Furniture and Fixtures				Vehicles				Computer and Software				Total
Balance – December 31, 2024			2,785,550				4,939,081				191,298				296,870				275,606				8,488,405
Balance, Carrying Value			2,785,550				4,939,081				191,298				296,870				275,606				8,488,405
Balance – March 31, 2025			2,828,030				4,738,815				184,332				269,746				34,745				8,055,668
Balance, Carrying Value			2,828,030				4,738,815				184,332				269,746				34,745				8,055,668

Note:

(1)

Land and Buildings contains the Syringa Lodge right-of-use (“ROU”) asset and Equipment contains the drilling equipment supply agreement ROU asset. The Company obtained full title to these assets during the year ended December 31, 2024.