v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS
 12 Months Ended
Dec. 31, 2025
CAD ($)
Dec. 31, 2024
CAD ($)
Cash flows used in operating activities    
Loss for the period $ (1,126,399) $ (42,135,091)
Items not involving cash:    
Share-based compensation 6,348,916 5,285,145
Deferred income tax recovery (3,769,253) (2,132,799)
Interest on convertible debentures 796,637 1,246,850
Fair value gain on convertible debentures (709,657) (7,103,656)
Gain on disposal of assets (13,439,425) (5,300,611)
Disposals and impairment of assets 935,814 39,958,977
Depreciation expense 294,231 237,636
Interest and accretion 144,301 128,498
Interest income on loan receivable (48,492) (220,639)
Other loss 167,938  
Unrealized foreign exchange gain (7,144) (78,550)
Changes in non-cash working capital    
Accounts receivable (45,123) 260,305
Prepaid expenses (820,100) (113,787)
Accounts payable and accrued liabilities (1,529,326) (313,437)
Cash flows used in operating activities (12,807,082) (10,281,159)
Cash flows used in investing activities    
Additions to exploration and evaluation assets (23,541,618) (21,768,491)
Acquisition of exploration and evaluation assets (2,630) (578,107)
Additions to property and equipment (494,177) (618,526)
Acquisitions of marketable securities (2,670,424) (3,147,290)
Loan received and advanced, including interest 6,168,995 (5,899,864)
Environmental bonds posted (412,663)  
Cash in asset group disposed of   (24,728)
Cash flows used in investing activities (20,952,517) (32,037,006)
Cash flows from financing activities    
Shares issued 77,472,375 23,000,000
Share issuance cost (4,473,177) (1,702,444)
Shares issued for warrant exercise   3,627,474
Shares issued for option exercise 3,229,736 2,630,019
Interest payment on debentures (590,918) (898,020)
Lease liability payments (173,490) (156,000)
Cash flows from financing activities 75,464,526 26,501,029
Effects of exchange rate changes on cash (93,422) 78,549
Change in cash and cash equivalents 41,611,505 (15,738,587)
Cash and cash equivalents, beginning of period 21,294,663 37,033,250
Cash and cash equivalents, end of period 62,906,168 21,294,663
Cash and cash equivalents is comprised of:    
Cash 50,553,305 21,294,663
Short-term cash deposits 12,352,863  
Cash and cash equivalents $ 62,906,168 $ 21,294,663