v3.25.1
Condensed Interim Consolidated Balance Sheets (Unaudited) - CAD ($)
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 45,466,839 $ 6,105,933
Prepaid expenses 491,265 540,288
Other receivables 738,374 972,022
TOTAL CURRENT ASSETS 46,696,478 7,618,243
NON-CURRENT ASSETS    
Exploration and evaluation assets 9,029,319 8,846,821
Property, plant and equipment 8,055,668 8,488,405
TOTAL NON-CURRENT ASSETS 17,084,987 17,335,226
TOTAL ASSETS 63,781,465 24,953,469
CURRENT LIABILITIES    
Trade payables and accrued liabilities – current 6,781,524 3,893,216
Vehicle financing – current 137,059 136,935
DSU liability – current 343,272 177,602
TOTAL CURRENT LIABILITIES 7,261,855 4,207,753
NON-CURRENT LIABILITIES    
Trade payables and accrued liabilities – non-current 438,273 584,364
Provision for leave and severance 1,078,516 1,001,936
Vehicle financing – non-current 79,395 109,202
Term Loan 18,983,212
NSR option liability 2,750,000 2,750,000
DSU liability – non-current 587,568 764,062
TOTAL NON-CURRENT LIABILITIES 4,933,752 24,192,776
TOTAL LIABILITIES 12,195,607 28,400,529
SHAREHOLDERS’ (DEFICIENCY) EQUITY    
Common Shares (no par value, unlimited Common Shares authorized; 428,986,474 issued and outstanding) (December 31, 2024 – 185,708,588)
Preferred shares 31,516 31,516
Additional paid-in capital 214,806,833 145,025,333
Deficit (162,215,429) (146,987,099)
Accumulated other comprehensive loss (1,037,062) (1,516,810)
TOTAL SHAREHOLDERS’ (DEFICIENCY) EQUITY 51,585,858 (3,447,060)
TOTAL LIABILITIES AND SHAREHOLDERS’ (DEFICIENCY) EQUITY $ 63,781,465 $ 24,953,469