v3.26.1
Consolidated Statements of Financial Position - CAD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalent $ 1,698,401 $ 1,462,218
Amounts receivable 846,928 670,556
Marketable securities 4,254,503 1,076,142
Prepaid expenses and other assets 352,596 223,425
Total current assets 7,152,428 3,432,341
Non-current assets    
Property, plant, and equipment 5,755,091 5,734,412
Right-of-use assets 204,499 54,601
Mineral interests 4 4
Restricted cash 1,437,875 1,437,875
Total assets 14,549,897 10,659,233
Current liabilities    
Accounts payable and accrued liabilities 2,800,319 1,616,118
Current portion of lease liabilities 104,708 26,174
Deferred revenue 414,323  
Loan payable 718,918  
Secured convertible debentures   4,481,066
Flow-through liability   102,524
Total current liabilities 4,038,268 6,225,882
Non-current liabilities    
Lease liabilities 107,386 28,427
Asset retirement obligation ("ARO") 13,754,006 14,219,544
Total liabilities 17,899,660 20,473,853
Shareholders' deficit    
Share capital 98,320,934 87,783,671
Equity component of convertible debentures   2,659,366
Warrants 1,694,494 1,694,494
Contributed surplus 11,119,146 9,494,098
Accumulated deficit (114,484,337) (111,446,249)
Total shareholders' deficit (3,349,763) (9,814,620)
Total liabilities and shareholders' deficit $ 14,549,897 $ 10,659,233