v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash provided from (used by): Operations:      
Net loss $ (2,593) $ (1,122) $ (3,050)
Items not involving cash:      
Accrued interest 9 12 38
Amortization 76 81 89
Share-based payments 551 316 391
Change in fair value of marketable securities 97 143 364
Income tax recovery (148) (258) (34)
Deferred tax expense 983 0 0
Gain on long term investment 0 0 (738)
Write-off of mineral property interest 0 0 1,898
Unrealized foreign exchange cash 0 0 (32)
Items not involving cash (1,025) (828) (1,074)
Changes in non-cash working capital items:      
Receivables and prepaids 195 662 221
Accounts payable and accrued liabilities 13 (198) (880)
Net cash used by operating activities (817) (364) (1,733)
Financing:      
Issuance of common shares, net of share issuance costs 5,079 3,016 3,303
Lease payments (62) (62) (63)
Cash provided from financing activities 5,017 2,954 3,240
Investing:      
Proceeds from disposition of marketable securities 111 1,110 159
Sale of long term investments 0 0 1,600
Expenditures for mineral properties, net of recoveries (4,276) (5,670) (4,542)
Expenditures for leasehold improvements and equipment 0 0 (5)
Cash used by investing activities (4,165) (4,560) (2,788)
Unrealized foreign exchange gain (loss) on cash 109 (165) 267
(Decrease) increase in cash 143 (2,135) (1,014)
Cash, beginning of year 676 2,811 3,825
Cash and cash equivalents, end of year 820 676 2,811
Non-cash financing and investing activities:      
Fair value of marketable securities received from option on mineral property interests   0 1,192
Expiration of stock options 13 6 311
Conversion of RSUs to shares 91 165 0
Mineral property costs included in accounts payable 915 783 498
Income taxes paid 5 36 0
Interest paid $ 0 $ 0 $ 0