v3.25.2
Consolidated Statements of Cash Flows - CAD ($)
 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss and comprehensive loss $ (3,615,375) $ (4,472,170) $ 956,578
Item not affecting cash:      
Share-based payments 872,879 910,700 815,428
Interest expense 96,768 128,033 8,151
Change in fair value of derivatives (498,534) (166,651) 0
Gain on sale of property 0 0 (3,500,000)
Recovery of flow-through premium liability (Notes 9 and 15) 120,902 8,477 977,534
Finance income on sublease 0 (1,314) (8,879)
Gain on forgiveness of debt (106,624) (10,000) (184,813)
Equity loss on investment in associate 105,760 0 0
Gain on long-term investment 0 (671) 5,100
Gain on spin-out transaction (1,914,814) 0 0
Write off of prepaid 0 0 48,000
Write off of short-term payable (0) (0) (2,500)
Receivables (85,648) (13,694) (46,624)
Prepaid expenses and deposits 223,478 (278,859) (762)
Accounts payable and accrued liabilities 1,262,618 148,339 411,746
Loan repayments 0 30,000 0
Net cash used in operating activities (3,780,394) (3,794,764) (2,476,109)
CASH FLOWS FROM INVESTING ACTIVITIES      
Exploration and evaluation acquisition costs (249,957) (198,829) (294,962)
Exploration and evaluation expenditures (1,967,017) (2,382,193) (4,368,564)
Exploration and evaluation recoveries 200,000 200,000 300,000
Receipt of sublease payments 0 32,851 65,702
Sale proceeds from investment 0 3,571 0
Cash held by spun out subsidiary (656,450) 0 0
Sale of property 0 0 3,500,000
Net cash used in investing activities (2,673,424) (2,344,600) (797,824)
CASH FLOWS FROM FINANCING ACTIVITIES      
Private placements 11,850,379 7,047,668 1,661,807
Share issue costs (675,557) (480,415) (99,624)
Exercise of warrants 0 0 1,059,017
Exercise of options 0 131,400 77,750
Short-term loan received (repayment) (600,000) (102,711) 985,742
Short-term loan interest repaid (113,920) (102,090) 0
Subscription received in advance 0 105,000 0
Repayment of lease obligations 0 (35,813) (71,627)
Net cash provided by financing activities 10,460,902 6,563,039 3,613,065
Change in cash for the year 4,007,084 423,675 339,132
Cash, beginning of year 998,262 574,587 235,455
Cash, end of year 5,005,346 998,262 574,587
Cash paid for interest and taxes $ 113,920 $ 102,090 $ 88,800