v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - CAD ($)
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
OPERATING ACTIVITIES    
Loss for the year $ (9,767,958) $ (10,039,658)
Items not affecting cash    
Accretion expense 117,381 0
Convertible debenture accrued interest 97,261 0
Depreciation and amortisation 526,405 600,322
Gain on disposal of property (392,124) 14,544
Share-based compensation 1,256,134 1,529,934
Change in valuation allowance on inventory 1,596,000 136,447
Net change in non-cash working capital balances 1,497,603 1,475,970
Cash flows used in operating activities (5,069,298) (6,282,441)
INVESTING ACTIVITIES    
Loan receivable advanced 0 (2,587)
Loan receivable repayment 0 545,850
Mineral exploration and evaluation expenditures capitalised (699,842) (183,214)
Proceeds on sale of property 2,369,961 0
Purchase of property and equipment (2,020) (1,398)
Cash flows from investing activities 1,668,099 358,651
FINANCING ACTIVITIES    
Payments on lease liability (171,990) (151,129)
Payments on long-term debt (346,747) (410,980)
Net proceeds from convertible debentures issued 1,976,003 0
Proceeds from stock options exercised 40,795 232,500
Shares issued 702,838 0
Shares purchased for cancellation 0 (142,866)
Units issued 2,479,226 3,069,950
Unit issue costs (97,669) (73,624)
Cash flows from financing activities 4,582,456 2,523,851
Change in cash and cash equivalents during the year 1,181,257 (3,399,939)
Cash and cash equivalents, beginning of year 121,481 3,521,420
Cash and cash equivalents, end of year $ 1,302,738 $ 121,481