v3.25.2
Condensed Interim Consolidated Statements of Cash Flow (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Cash flows (used in) provided by operating activities          
Loss for the period     $ (4,000) $ (3,627)  
Non-cash transactions:          
Interest expense     12 141  
Accretion expense $ 0 $ 29 0 140  
Fair value loss (gain) on derivative liabilities     1,782 (253)  
Share of loss of investment in associate     317 312  
Share-based payments 171 0 1,257 660  
Loss on convertible debentures 0 0 0 1,750  
Amortization of ROU asset     21 13  
Changes in operating assets and liabilities:          
Other receivables     18 (58)  
Accounts payable and accrued liabilities     (117) 559  
Prepaid and deposit     (134) (35)  
Lease liability     (21) (13)  
Nuton LLC deposit     (4,284) 4,901  
Net cash (used in) provided by operating activities     (5,149) 4,490  
Cash flows used in investing activities          
Capitalized expenditures on mineral properties     (225) (155)  
Net cash used in investing activities     (225) (155)  
Cash flows provided by (used in) financing activities          
Proceeds from convertible debentures     416 0  
Proceeds for issuance of common shares of FCC     482 1,350  
Proceeds from exercise of options     44 181  
Proceeds from private placement     0 1,000  
Share issuance costs     0 (27)  
Repayment of convertible debentures     (6) (831)  
Net cash provided by financing activities     936 1,673  
(Decrease) increase in cash and cash equivalents     (4,438) 6,008  
Cash and cash equivalents, beginning of period     7,999 2,310 $ 2,310
Cash and cash equivalents, end of period $ 3,561 $ 8,318 3,561 8,318 $ 7,999
Supplemental cash flow information          
Shares issued for convertible debentures     $ 0 $ 2,957