v3.26.1
Taxation (Tables)
 12 Months Ended
Dec. 31, 2025
Taxation [Abstract]  
Schedule of Canadian Federal and Provincial Statutory Rate

The reconciliation of the combined Canadian Federal and Provincial statutory income tax rate of 26.5% (2024: 26.5%) to the effective tax rate is as follows:

 

  

2025

$

  

2024

$

 
(Loss) before income taxes   63,543,458    (28,532,195)
Expected income tax recovery based on statutory rate   16,839,000    (7,561,000)
Adjustment to expected income tax recovery:          
Change in foreign exchange rates          
Permanent differences and other   320,000    (11,727,000)
Provision to return adjustment   (1,110,000)   (95,000)
Share based compensation   3,501,000    5,101,000 
Other          
Change in unrecorded deferred tax asset   (19,550,000)   14,282,000 
Current tax provision (recovery)   
-
    
-
 
Deferred income tax provision (recovery)   
-
    
-
 
Schedule of Deferred Income Tax Assets

Deferred taxes are a result of temporary differences that arise due to the differences between the income tax values and the carrying amount of assets and liabilities.

 

  

2025

$

  

2024
$

 
Non-capital loss carry-forwards   23,777,000    27,054,000 
Undepreciated capital cost (UCC)   24,000    24,000 
Reserves   262,814    299,000 
Share issue costs   2,000    74,000 
Exploration and evaluation assets   5,112,000    5,112,000 
Investments   8,040,907    
-
 
Intangible assets   
-
    2,576,000 
Capital losses carried forward   17,045,000    17,045,000 
Total   54,263,721    52,184,000