Note 15 - Commitments |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Disclosure of commitments [text block] |
Flow-through expenditures
The Company has issued flow-through shares and any resulting flow-through share premium was recorded as a flow-through premium liability. The liability is subsequently reduced when the required exploration expenditures are made, and accordingly, a recovery of flow-through premium liability is then recorded in profit or loss.
During the year ended March 31, 2024, the Company raised $1,109,268 through the issuance of flow-through private placement and is committed to spend this amount on qualifying Canadian exploration expenditures by December 31, 2025. As of March 31, 2025, the Company has fulfilled $1,109,268 of the required flow-through spending obligation.
During the year ended March 31, 2025, the Company raised $7,536,379 through the issuance of flow-through and charitable flow-through private placements and is committed to spend this amount on qualifying Canadian exploration expenditures by December 31, 2025. As of March 31, 2025, the Company has fulfilled $345,079 of the required flow-through spending obligation and as such the commitment has been reduced to $7,191,300. See Note 9.
The flow-through premium liability is comprised of:
During the year ended March 31, 2025, the Company has recognized a recovery of flow-through premium liability of $120,092 (2024 - 2023 - $977,534) in profit or loss, respectively. |
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