v3.25.3
Condensed Interim Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 3,191,886 $ 5,482,631
Restricted cash, current portion 75,057 75,057
Prepaid expenses 182,738 352,058
Other current assets 423,247 77,936
Total current assets 3,872,928 5,987,682
Restricted cash, net of current portion 1,162,496 737,936
Property, plant & equipment and mineral properties, net 17,472,231 17,702,569
Kinetic separation intellectual property 9,488,051 9,488,051
Other assets 6,175
Total assets 32,001,881 33,916,238
Current liabilities:    
Accounts payable and accrued liabilities 661,678 672,041
Asset retirement obligations, current portion 75,057 75,057
Total current liabilities 736,735 747,098
Asset retirement obligations, net of current portion 335,512 335,041
Deferred tax liability 2,708,887 2,708,887
Deferred contingent consideration 330,988 309,138
Total liabilities 4,112,122 4,100,164
Commitments and Contingencies
Shareholders’ Equity    
Common shares, no par value, unlimited authorized shares, 65,298,638 and 59,383,002 shares issued as of September 30, 2025 and December 31, 2024, respectively, and 65,298,332 and 59,382,696 shares outstanding as of September 30, 2025 and December 31, 2024, respectively 62,823,447 58,979,839
Treasury shares, 306 shares held in treasury as of September 30, 2025 and December 31, 2024
Accumulated deficit (34,658,635) (28,929,894)
Accumulated other comprehensive loss (275,053) (233,871)
Total shareholders’ equity 27,889,759 29,816,074
Total liabilities and shareholders’ equity $ 32,001,881 $ 33,916,238