v3.25.2
Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities    
Net loss $ (10,211,551) $ (17,747,391)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 95,171 134,093
Stock-based compensation expense 1,364,633 1,781,095
Interest expense 0 83,109
Deferred income tax benefit 0 (42,666)
Changes in current assets and liabilities:    
Prepaid expenses and other current assets (69,156) (20,716)
Accounts payable and accrued liabilities 235,387 60,542
Other assets 0 (103,100)
Net cash used in operating activities (8,585,516) (15,855,034)
Investing activities    
Purchases of property and equipment 0 (143,724)
Purchases of mineral rights and properties (20,000) (251,474)
Net cash used in investing activities (20,000) (395,198)
Financing activities    
Proceeds from sale of common stock on at-the market ("ATM") program, net of issuance costs 7,316,230 6,739,788
Proceeds from common stock offering, net of issuance costs 32,684,881 0
Proceeds from exercise of options 96,000 38,400
Proceeds from exercise of warrants 1,856,608 0
Payments of income taxes on performance stock units ("PSUs"), restricted stock units ("RSUs") and shares issued for compensation (785,458) 0
Net cash provided by (used in) financing activities 41,168,261 6,778,188
Net change in cash and cash equivalents 32,562,745 (9,472,044)
Cash and cash equivalents, beginning of period 9,408,270 25,548,373
Cash and cash equivalents, end of period 41,971,015 16,076,329
Non-cash investing and financing activities    
Amortization of deferred ATM offering costs offset against additional paid-in capital (37,293) (115,474)
Common stock issued for accrued bonuses 113,958 0
Common stock issued for purchase of mineral rights and properties $ 0 $ 1,351,747