v3.26.1
Consolidated Statements of Comprehensive Loss
12 Months Ended
Dec. 31, 2025
USD ($)
shares
Dec. 31, 2025
CAD ($)
$ / shares
shares
Dec. 31, 2024
USD ($)
shares
Dec. 31, 2024
CAD ($)
$ / shares
shares
Expenses        
Consulting   $ 2,534,539   $ 2,517,149
Depreciation   9,129   3,877
Director’s fees and audit committee   230,000  
Exploration and evaluation expenditures   7,886,388   5,275,278
General and administrative   347,925   572,682
Indemnification support fee   333,361  
Insurance $ 703,839 139,668 $ 567,670 52,908
Listing expense   481,011  
Loss (gain) on foreign exchange   632,287   (620,196)
Payroll expense   166,604  
Professional fees   1,020,860   1,738,107
Shareholder communications   127,211   195,943
Share-based compensation   3,297,085  
Transfer agent and filing fees   289,611   77,080
Total expenses   17,495,679   9,812,828
Net loss before other items   (17,495,679)   (9,812,828)
Other items        
Accretion expense of discount and interest expense on loans payable   (1,823,393)   (861,123)
Accretion expense for asset retirement obligations   (1,066,100)   (920,583)
Impairment of exploration and evaluation assets     (378,605)
Interest income   670,855   513,693
Other income   6,209   24,670
Unrealized loss on marketable securities   (14,153)   (10,943)
Write-off of accounts payable     67
Net loss   (19,722,261)   (11,445,652)
Other comprehensive loss that may be reclassified to profit or loss:        
Exchange differences on translating foreign operations   (1,762,045)   3,373,293
Total comprehensive loss   $ (21,484,306)   $ (8,072,359)
Loss per share - basic | $ / shares   $ (1.28)   $ (0.84)
Loss per share - diluted | $ / shares   $ (1.28)   $ (0.84)
Weighted average shares outstanding - basic | shares 15,445,392 15,445,392 13,592,933 13,592,933
Weighted average shares outstanding - diluted | shares 15,445,392 15,445,392 13,592,933 13,592,933