v3.25.2
Note 13 - Income Taxes (Tables)
12 Months Ended
Mar. 31, 2025
Statement Line Items [Line Items]  
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

 $  $-  $- 
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 
  $-  $- 
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