v3.26.1
Condensed Interim Consolidated Balance Sheets (Unaudited) - CAD ($)
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 16,956,564 $ 39,780,384
Prepaid expenses 776,982 1,039,206
Other receivables 999,918 5,655,947
TOTAL CURRENT ASSETS 18,733,464 46,475,537
NON-CURRENT ASSETS    
Exploration and evaluation assets 42,979,303 42,730,629
Property, plant and equipment 9,014,307 9,312,414
TOTAL NON-CURRENT ASSETS 51,993,610 52,043,043
TOTAL ASSETS 70,727,074 98,518,580
CURRENT LIABILITIES    
Trade payables and accrued liabilities 3,006,137 9,459,971
Provision for severance – current 160,840
Vehicle financing – current 118,583 148,862
Mortgage payable – current 256,005 244,260
DSU liability – current 90,310 104,720
TOTAL CURRENT LIABILITIES 3,631,875 9,957,813
NON-CURRENT LIABILITIES    
Provision for leave and severance 1,353,804 1,365,850
Vehicle financing – non-current 82,765 137,361
Mortgage payable – non-current 964,796 1,089,094
NSR option liability 2,750,000 2,750,000
DSU liability – non-current 204,677 268,672
TOTAL NON-CURRENT LIABILITIES 5,356,042 5,610,977
TOTAL LIABILITIES 8,987,917 15,568,790
SHAREHOLDERS’ EQUITY    
Common Shares (no par value, unlimited Common Shares authorized) (issued and outstanding: June 30, 2026 – 35,648,164; December 31, 2025 – 35,502,754)
Preferred shares (no par value, 20,000,000 authorized) Series 1 Convertible Preferred Shares (no par value, 4,000,000 authorized) (issued and outstanding: June 30, 2026 – 118,186; December 31, 2025 – 118,186) 31,516 31,516
Additional paid-in capital 293,293,107 291,858,035
Deficit (228,560,158) (206,073,424)
Accumulated other comprehensive loss (3,025,308) (2,866,337)
TOTAL SHAREHOLDERS’ EQUITY 61,739,157 82,949,790
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 70,727,074 $ 98,518,580