| Exploration and evaluation assets |
11.Exploration and evaluation assets
|
|
|
|
|
|
|
|
|
|
|
December 31,
2025 |
|
|
December 31,
2024 |
|
Balance, beginning of year |
|
$ |
118,785,555 |
|
|
$ |
129,298,494 |
|
Additions: |
|
|
|
|
|
|
Mineral rights and land fees |
|
|
13,014 |
|
|
|
30,127 |
|
Site operations, environmental, construction, consulting and technical costs |
|
|
11,037,467 |
|
|
|
4,885,615 |
|
Share-based compensation (Note 14) |
|
|
840,620 |
|
|
|
1,682,382 |
|
Proceeds from royalty option agreement* |
|
|
— |
|
|
|
(1,000,000 |
) |
Effect of foreign exchange |
|
|
7,604,012 |
|
|
|
(16,111,063 |
) |
Balance, end of year |
|
$ |
138,280,668 |
|
|
$ |
118,785,555 |
|
* On November 1, 2024, the Company and its Subsidiary entered into an option agreement (see Note 20) and received $1,000,000.
|