v3.25.2
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Cash flows used in operating activities        
Net loss for the period $ (295,501) $ (615,126) $ (795,010) $ (1,390,795)
Items not affecting cash:        
Current income tax expense 0 0 150 150
Depreciation 694 612 1,389 858
Interest and finance income (45,569) (95,701) (95,845) (204,174)
Share-based compensation 40,171 210,885 180,368 565,363
Unrealized fair value gain on marketable securities (5,356) (5,453) (1,332) (6,922)
Unrealized foreign exchange gain (1,305) (100) (1,344) (206)
Write-off of E&E assets 0 0 770 1,050
Changes in non-cash working capital items:        
Receivables and other (135,637) (176,018) (72,065) (49,246)
Accounts payable and accrued liabilities (39,398) (68,439) (26,142) (63,046)
Income taxes paid 0 (150) (150) (150)
Net cash used in operating activities (481,901) (749,490) (809,211) (1,147,118)
Cash flows generated by investing activities        
Expenditures on E&E assets (120,571) (767,252) (324,790) (1,451,704)
Interest received 82,589 79,446 97,007 162,456
Purchase of property and equipment 0 0 0 (11,000)
Purchase of short-term investments (2,250,000) (750,000) (2,250,000) (2,750,000)
Redemption of short-term investments 2,600,000 1,500,000 3,350,000 5,500,000
Net cash generated by investing activities 312,018 62,194 872,217 1,449,752
Increase (decrease) in cash and cash equivalents for the period (169,883) (687,296) 63,006 302,634
Cash and cash equivalents, beginning of period 614,892 1,895,612 381,899 907,551
Effect of foreign exchange rate changes on cash and cash equivalents 3,756 (379) 3,860 (2,248)
Cash and cash equivalents, end of period $ 448,765 $ 1,207,937 $ 448,765 $ 1,207,937