v3.26.1
Consolidated Statements of Cash Flows - CAD ($)
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES      
Loss and comprehensive loss for the year $ (6,898,108) $ (3,615,375) $ (4,472,170)
Item not affecting cash:      
Share-based payments 1,237,739 872,879 910,700
Interest expense 14,993 96,768 128,033
Other income (28,536) 0 0
Change in fair value of derivatives 899,329 (498,534) (166,651)
Recovery of flow-through premium liability (1,791,526) (120,902) (8,477)
Finance income on sublease 0 0 (1,314)
Gain on forgiveness of debt 0 (106,624) (10,000)
Equity loss on investment in associate 26,690 105,760 0
Gain on long-term investment 0 0 (671)
Gain on spin-out transaction (477,000) (1,914,814) 0
Gain on investment in associate (905,333) 0 0
Gain on option settlement (8,159) 0 0
Impairment of exploration and evaluation assets 127,153 (0) (0)
Receivables (294,908) (85,648) (13,694)
Prepaid expenses and deposits (96,015) 223,478 (278,859)
Accounts payable and accrued liabilities 600,467 1,262,618 148,339
Loan repayments 0 0 30,000
Net cash used in operating activities (7,593,214) (3,780,394) (3,794,764)
CASH FLOWS FROM INVESTING ACTIVITIES      
Exploration and evaluation acquisition costs (225,000) (249,957) (198,829)
Exploration and evaluation expenditures (8,560,291) (1,967,017) (2,382,193)
Exploration and evaluation recoveries 0 200,000 200,000
Promissory note interest received 27,085 0 0
Cash held by spun out subsidiary 0 (656,450) 0
Receipt of sublease payments 0 0 32,851
Sale proceeds from investment 0 0 3,571
Net cash used in investing activities (8,758,206) (2,673,424) (2,344,600)
CASH FLOWS FROM FINANCING ACTIVITIES      
Shares issued for cash financings 13,343,071 11,850,379 7,047,668
Share issue costs (1,021,189) (675,557) (480,415)
Exercise of options 308,108 0 131,400
Exercise of warrants 5,589,650 0 0
Short-term loan repaid (509,931) (600,000) (102,711)
Short-term loan interest repaid (21,430) (113,920) (102,090)
Subscription received in advance 0 0 105,000
Repayment of lease obligations 0 0 (35,813)
Net cash provided by financing activities 17,688,279 10,460,902 6,563,039
Change in cash for the year 1,336,859 4,007,084 423,675
Cash, beginning of year 5,005,346 998,262 574,587
Cash, end of year 6,342,205 5,005,346 998,262
Cash paid for interest and taxes $ 21,430 $ 113,920 $ 102,090