Disclosure of detailed information about income tax provision [text block] |
| | Year ended March 31, 2025 | | | Year ended March 31, 2024 | | | Year ended March 31, 2023 | |
Income (loss) before taxes for the year | | $ | (3,615,375 | ) | | $ | (4,472,170 | ) | | $ | 956,578 | |
Canadian federal and provincial income tax rates | | | 27 | % | | | 27 | % | | | 27 | % |
Expected income tax recovery based on above rates | | | (976,000 | ) | | | (1,207,000 | ) | | | 258,000 | |
Change in statutory, foreign tax, foreign exchange rates and other | | | 35,000 | | | | (3,000 | ) | | | 2,000 | |
Permanent difference | | | 214,000 | | | | 204,000 | | | | (29,000 | ) |
Impact of spin-out transaction | | | (527,000 | ) | | | - | | | | - | |
Impact of flow-through shares | | | 130,000 | | | | 124,000 | | | | 449,000 | |
Share issue costs | | | (182,000 | ) | | | (129,000 | ) | | | (27,000 | ) |
Adjustment to prior year’s provision versus statutory tax returns and expiry of non-capital losses | | | 330,000 | | | | (94,000 | ) | | | (108,000 | ) |
Change in unrecognized deductible temporary differences | | | 976,000 | | | | 1,105,000 | | | | (545,000 | ) |
Deferred income tax recovery | | $ | | | | $ | - | | | $ | - | |
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Disclosure of deferred taxes [text block] |
| | Year ended March 31, 2025 | | | Year ended March 31, 2024 | |
Deferred tax assets (liabilities) | | | | | | | | |
Exploration and evaluation assets | | $ | (1,257,000 | ) | | $ | (990,000 | ) |
Non-capital losses | | | 1,257,000 | | | | 990,000 | |
| | $ | - | | | $ | - | |
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Disclosure of temporary difference, unused tax losses and unused tax credits [text block] |
| | Year ended March 31, 2025 | | | Expiry date range year ended March 31, 2025 | | | Year ended March 31, 2024 | |
Temporary differences | | | | | | | | | | | | |
Share issue costs | | $ | 869,000 | | | | 2046 to 2049 | | | $ | 489,000 | |
Investment in associate | | | 106,000 | | | | No expiry date | | | | - | |
Allowable capital losses | | | - | | | No expiry date | | | | 3,000 | |
Net operating losses available for future period | | | - | | | No expiry date | | | | 190,000 | |
Non-capital losses available for future period | | | 15,182,000 | | | | 2031 to 2045 | | | | 12,038,000 | |
Canada | | | 19,837,000 | | | | 2031 to 2045 | | | | 11,848,000 | |
USA | | | - | | | | No expiry date | | | | 190,000 | |
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