EXPLORATION AND EVALUATION ASSETS (Details Narrative) |
1 Months Ended | 3 Months Ended | 10 Months Ended | 17 Months Ended | ||||||
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Aug. 31, 2023
USD ($)
|
Sep. 30, 2021
USD ($)
|
Sep. 30, 2021
CAD ($)
|
Mar. 31, 2025
USD ($)
|
Mar. 31, 2025
CAD ($)
|
Jan. 31, 2022
USD ($)
|
Jan. 31, 2022
CAD ($)
|
Aug. 31, 2022
USD ($)
|
Aug. 31, 2022
CAD ($)
|
Aug. 31, 2023
CAD ($)
|
|
Percentage of acquired in two additional deposits | 100.00% | |||||||||
Acquisition cost of additional properties | $ 1,000,000 | $ 1,437,600 | ||||||||
Asset acquisition description | In addition, the Company agreed to additional work commitments of $7,188,000 (US$5,000,000) in the aggregate over four years. As a result of the expansion of the Selebi mining licence, the remaining asset purchase obligations of the Company outlined in the original Selebi APA with the liquidator will each increase by 10%, or $7,906,800 (US$5,500,000) in total, while the trigger events remain unchanged. The existing 2% NSR and contingent consideration agreement held by the liquidator with respect to production from the Selebi mining licence will also apply to production from these additional deposits, subject to the Company’s existing buy-back right for 50% of the NSR (Note 9). The Company incurred $483,883 for care and maintenance during the investigation period of the properties in 2023, which has been added to the acquisition cost of the Selebi Mines. The acquisition of the Phikwe South and the Southeast Extension deposits has not yet closed as at May 13, 2025 | In addition, the Company agreed to additional work commitments of $7,188,000 (US$5,000,000) in the aggregate over four years. As a result of the expansion of the Selebi mining licence, the remaining asset purchase obligations of the Company outlined in the original Selebi APA with the liquidator will each increase by 10%, or $7,906,800 (US$5,500,000) in total, while the trigger events remain unchanged. The existing 2% NSR and contingent consideration agreement held by the liquidator with respect to production from the Selebi mining licence will also apply to production from these additional deposits, subject to the Company’s existing buy-back right for 50% of the NSR (Note 9). The Company incurred $483,883 for care and maintenance during the investigation period of the properties in 2023, which has been added to the acquisition cost of the Selebi Mines. The acquisition of the Phikwe South and the Southeast Extension deposits has not yet closed as at May 13, 2025 | ||||||||
Precious Metals [Member] | ||||||||||
Royalty payable percentage | 5.00% | 5.00% | ||||||||
Base Metals [Member] | ||||||||||
Royalty payable percentage | 3.00% | 3.00% | ||||||||
Premium Nickel Group Proprietary Limited [Member] | Selkirk Net Smelter Return [Member] | ||||||||||
Mining properties royalty description | The royalty agreement consists of a net smelter returns royalty (the “Selkirk NSR”) of 1% on the net value of sales of concentrate or other materials with respect to production from the Selkirk mining licence, which the Company has the right to buy-back in full | The royalty agreement consists of a net smelter returns royalty (the “Selkirk NSR”) of 1% on the net value of sales of concentrate or other materials with respect to production from the Selkirk mining licence, which the Company has the right to buy-back in full | ||||||||
Selebi [Member] | ||||||||||
Acqusition cost | $ 5,178,747 | $ 6,164,688 | ||||||||
Mining properties royalty description | The royalty agreement consists of a net smelter returns royalty (the “Selebi NSR”) of 2% on the net value of sales of concentrate or other materials with respect to production from the Selebi mining licence, of which the Company has the right to buy-back 50% | The royalty agreement consists of a net smelter returns royalty (the “Selebi NSR”) of 2% on the net value of sales of concentrate or other materials with respect to production from the Selebi mining licence, of which the Company has the right to buy-back 50% | ||||||||
Contingent consideration description | The contingent consideration agreement consists of two components: (i) a sliding scale payment of US$0.50/tonne of ore up to US$1.40/tonne of ore with respect to the discovery of new mineable deposits greater than 25 million tonnes of ore from a base case of 15.9 million tonnes, with a minimum grade of 2.5% nickel equivalent, accrued at the time of a decision to mine; and (ii) price participation of 15% on post-tax net earnings directly attributable to an increase of 25% or more in commodity prices, on a quarterly basis, for a period of seven years from the date of first shipment of concentrate or other materials | The contingent consideration agreement consists of two components: (i) a sliding scale payment of US$0.50/tonne of ore up to US$1.40/tonne of ore with respect to the discovery of new mineable deposits greater than 25 million tonnes of ore from a base case of 15.9 million tonnes, with a minimum grade of 2.5% nickel equivalent, accrued at the time of a decision to mine; and (ii) price participation of 15% on post-tax net earnings directly attributable to an increase of 25% or more in commodity prices, on a quarterly basis, for a period of seven years from the date of first shipment of concentrate or other materials | ||||||||
Selkirk [Member] | ||||||||||
Acqusition cost | $ 244,954 | $ 327,109 | ||||||||
First Instalment [Member] | Selebi [Member] | ||||||||||
Instalment amount to be paid | $ 1,750,000 | $ 2,086,830 | ||||||||
Acqusition cost | $ 5,178,747 | $ 6,164,688 | ||||||||
Paid instalment amount | $ 1,750,000 | $ 2,086,830 | ||||||||
Second Instalment [Member] | Selebi [Member] | ||||||||||
Instalment amount to be paid | 25,000,000 | 35,940,000 | $ 25,000,000 | $ 35,940,000 | 25,000,000 | 35,940,000 | ||||
Third Instalment [Member] | Selebi [Member] | ||||||||||
Instalment amount to be paid | 30,000,000 | 43,128,000 | $ 30,000,000 | $ 43,128,000 | ||||||
Selebi APA [Member] | ||||||||||
Aggregate purchase price payable | $ 56,750,000 | $ 81,154,830 |