v3.26.1
Consolidated Statement of Cash Flows - CAD ($)
 12 Months Ended 15 Months Ended
Sep. 30, 2024
Dec. 31, 2025
Operations    
Net loss for the year $ (3,085,195) $ (16,972,421)
Adjustments for:    
Bonus expense 46,500
Depreciation 29,608 45,384
Finance cost 8,237 243,741
Foreign exchange (119,928) (272,909)
Gain on disposal of equipment (137,294)
Interest income (80,052) (1,184,522)
Reclamation provision 77,287
Restructuring payment 91,094
Share-based compensation 630,626 2,285,246
Write-off of mineral property interests 36,722
Write-off of receivables 86,540 182,052
Net changes in non-cash working capital items:    
Receivables (81,965) (59,471)
Value-added tax receivable (6,454) (448,388)
Prepaid and other (11,268) (186,024)
Accounts payable and accrued liabilities 3,078 2,145,243
Reclamation provision settlement (5,569)
Net cash generated in operating activities (2,452,457) (14,287,645)
Financing    
Proceeds from bought deal equity financing, net of share issue costs paid 12,188,380 119,858,822
Finance costs paid (213,367)
Payment of lease liabilities (1,048)
Proceeds from exercise of options 86,600
Proceeds from exercise of warrants 3,750 860,205
Net cash provided by (used in) financing activities 12,192,130 120,591,212
Investing    
Mineral property interest (36,722) (27,626)
Milestone payment under acquisition agreement with SSR Mining (1,701,500)
Interest income received 9,680 1,184,522
Property and equipment (31,543) (204,155)
Proceeds from disposal of equipment 7,774 137,294
Acquisition of Reliant Ventures S.A.C. (7,158,514)
Cash acquired on purchase of Reliant Ventures S.A.C. 109,676
Net cash (used in) provided by investing activities (7,099,649) (611,465)
Effect of exchange rate changes on cash and cash equivalents (368,832) 5,019
Increase in cash and cash equivalents 2,271,192 105,697,121
Cash and cash equivalents, beginning of the year 229,702 2,500,894
Cash and cash equivalents, end of the year $ 2,500,894 $ 108,198,015