Condensed Interim Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - CAD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| EXPENSES | ||||
| General exploration expenses | $ 9,592,513 | $ 10,337,096 | $ 17,312,908 | $ 16,472,873 |
| Depreciation and amortization | 568,214 | 431,322 | 1,157,303 | 1,067,150 |
| General and administrative expenses | 1,420,958 | 1,915,022 | 3,399,369 | 3,575,404 |
| Investor relations and communications | 381,159 | 1,934,047 | 602,830 | 2,143,445 |
| Director fees | 226,751 | 248,116 | 352,885 | 248,116 |
| Fair value movement of DSUs | (30,420) | 379,759 | (130,039) | 368,935 |
| Net foreign exchange (gain) loss | (196,299) | 31,818 | 40,911 | 283,243 |
| LOSS FOR THE PERIOD BEFORE OTHER ITEMS | 11,962,876 | 15,277,180 | 22,736,167 | 24,159,166 |
| OTHER ITEMS | ||||
| Interest income, net | (99,579) | (188,434) | (249,433) | (252,895) |
| Interest expense and accretion on Term Loan | 428,371 | |||
| Loss on Term Loan extinguishment | 5,982,434 | |||
| NET LOSS FOR THE PERIOD | 11,863,297 | 15,088,746 | 22,486,734 | 30,317,076 |
| OTHER COMPREHENSIVE (INCOME) LOSS | ||||
| Exchange differences on translation of foreign operations | (1,351,239) | 870,068 | 158,971 | 390,320 |
| TOTAL COMPREHENSIVE LOSS FOR THE PERIOD | $ 10,512,058 | $ 15,958,814 | $ 22,645,705 | $ 30,707,396 |
| Basic loss per share | $ 0.33 | $ 0.70 | $ 0.63 | $ 1.86 |
| Diluted loss per share | $ 0.33 | $ 0.70 | $ 0.63 | $ 1.86 |
| Weighted average number of Common Shares outstanding - basic | 35,646,516 | 21,449,318 | 35,583,402 | 16,341,832 |
| Weighted average number of common shares outstanding - diluted | 35,646,516 | 21,449,318 | 35,583,402 | 16,341,832 |
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- Definition Fair value movement of equity instruments other than options. No definition available.
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- Definition Interest expense and accretion on term loan. No definition available.
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- Definition Investor relations and communications. No definition available.
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Exploration expenses (including prospecting) related to oil and gas producing entities and would be included in operating expenses of that entity. Costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of containing oil and gas reserves, including costs of drilling exploratory wells and exploratory-type stratigraphic test wells. Exploration costs may be incurred both before acquiring the related property (sometimes referred to in part as prospecting costs) and after acquiring the property. Principal types of exploration costs, which include depreciation and applicable operating costs of support equipment and facilities and other costs of exploration activities, are: (i) Costs of topographical, geographical and geophysical studies, rights of access to properties to conduct those studies, and salaries and other expenses of geologists, geophysical crews, and others conducting those studies. Collectively, these are sometimes referred to as geological and geophysical or "G&G" costs. (ii) Costs of carrying and retaining undeveloped properties, such as delay rentals, ad valorem taxes on properties, legal costs for title defense, and the maintenance of land and lease records. (iii) Dry hole contributions and bottom hole contributions. (iv) Costs of drilling and equipping exploratory wells. (v) Costs of drilling exploratory-type stratigraphic test wells. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, before tax, of realized and unrealized gain (loss) from foreign currency transaction. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest income (expense) classified as nonoperating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for service provided by entity's director. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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