2023 Q4 Form 20-F Financial Statement
#000137647424000248 Filed on May 15, 2024
Income Statement
| Concept | 2023 Q4 | 2023 |
|---|---|---|
| Revenue | $0.00 | $0.00 |
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $138.3K | $436.0K |
| YoY Change | 6.56% | -29.05% |
| % of Gross Profit | ||
| Research & Development | $11.32K | $66.49K |
| YoY Change | -16.7% | -8.07% |
| % of Gross Profit | ||
| Depreciation & Amortization | $240.00 | $1.780K |
| YoY Change | -50.0% | -7.29% |
| % of Gross Profit | ||
| Operating Expenses | $50.80K | $22.50K |
| YoY Change | 5.22% | -92.16% |
| Operating Profit | ||
| YoY Change | ||
| Interest Expense | $36.22K | -$32.83K |
| YoY Change | 27.76% | -23.19% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$1.460K | -$1.460K |
| YoY Change | ||
| Pretax Income | -$16.05K | -$56.78K |
| YoY Change | -19.47% | -82.78% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$16.05K | -56.78K cads |
| YoY Change | -19.47% | -82.78% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | $0.00 | |
| Diluted Earnings Per Share | $0.00 | $0.00 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 54.67M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2023 Q4 | 2023 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $121.8K | $121.8K |
| YoY Change | -60.41% | -60.41% |
| Cash & Equivalents | ||
| Short-Term Investments | ||
| Other Short-Term Assets | $2.700K | $2.700K |
| YoY Change | -71.22% | -71.22% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $232.7K | $232.7K |
| YoY Change | -36.48% | -36.48% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $168.8K | $168.8K |
| YoY Change | -1.03% | -1.03% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $231.7K | $231.7K |
| YoY Change | -10.63% | -10.63% |
| Other Assets | $323.6K | $323.6K |
| YoY Change | -0.45% | -0.45% |
| Total Long-Term Assets | 724.1K cads | $724.1K |
| YoY Change | -4.08% | -4.08% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $232.7K | $232.7K |
| Total Long-Term Assets | 724.1K cads | $724.1K |
| Total Assets | 956.8K cads | $956.8K |
| YoY Change | -14.67% | -14.67% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $52.40K | $52.40K |
| YoY Change | -48.08% | -48.08% |
| Accrued Expenses | ||
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $100.1K | $100.1K |
| YoY Change | -52.07% | -52.07% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $0.00 | $0.00 |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $100.1K | $100.1K |
| Total Long-Term Liabilities | $0.00 | $0.00 |
| Total Liabilities | $100.1K | $100.1K |
| YoY Change | -52.07% | -52.07% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $856.7K | $856.7K |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $956.8K | $956.8K |
| YoY Change | -14.67% | -14.67% |
Cashflow Statement
| Concept | 2023 Q4 | 2023 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$16.05K | -56.78K cads |
| YoY Change | -19.47% | -82.78% |
| Depreciation, Depletion And Amortization | $240.00 | $1.780K |
| YoY Change | -50.0% | -7.29% |
| Cash From Operating Activities | -$29.87K | -$185.8K |
| YoY Change | -20.62% | -64.4% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| Cash From Investing Activities | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 0.000 | 0.000 |
| YoY Change | -100.0% | |
| NET CHANGE | ||
| Cash From Operating Activities | -29.87K | -185.8K |
| Cash From Investing Activities | 0.000 | 0.000 |
| Cash From Financing Activities | 0.000 | 0.000 |
| Net Change In Cash | -29.87K | -185.8K |
| YoY Change | -21.42% | -210.35% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$29.87K | -$185.8K |
| Capital Expenditures | $0.00 | $0.00 |
| Free Cash Flow | -$29.87K | -$185.8K |
| YoY Change | -21.42% | -64.75% |
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| CY2021 | ifrs-full |
Profit Loss
ProfitLoss
|
-5997 | cad |
| CY2023 | ifrs-full |
Net Foreign Exchange Gain
NetForeignExchangeGain
|
1144 | cad |
| CY2022 | ifrs-full |
Net Foreign Exchange Gain
NetForeignExchangeGain
|
-11320 | cad |
| CY2021 | ifrs-full |
Net Foreign Exchange Gain
NetForeignExchangeGain
|
-8111 | cad |
| CY2023 | ifrs-full |
Comprehensive Income
ComprehensiveIncome
|
-55637 | cad |
| CY2022 | ifrs-full |
Comprehensive Income
ComprehensiveIncome
|
-341109 | cad |
| CY2021 | ifrs-full |
Comprehensive Income
ComprehensiveIncome
|
-14108 | cad |
| CY2023 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0 | |
| CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | |
| CY2021 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0 | |
| CY2020Q4 | ifrs-full |
Equity
Equity
|
-400337 | cad |
| CY2021 | ifrs-full |
Share Issue Related Cost
ShareIssueRelatedCost
|
-392 | cad |
| CY2021 | ifrs-full |
Comprehensive Income
ComprehensiveIncome
|
-14108 | cad |
| CY2021Q4 | ifrs-full |
Equity
Equity
|
-414837 | cad |
| CY2022 | ifrs-full |
Issue Of Equity
IssueOfEquity
|
1250000 | cad |
| CY2022 | ifrs-full |
Share Issue Related Cost
ShareIssueRelatedCost
|
-60461 | cad |
| CY2022 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
285000 | cad |
| CY2022 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
95550 | cad |
| CY2022 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
98123 | cad |
| CY2022 | ifrs-full |
Comprehensive Income
ComprehensiveIncome
|
-341109 | cad |
| CY2022Q4 | ifrs-full |
Equity
Equity
|
912311 | cad |
| CY2023 | ifrs-full |
Comprehensive Income
ComprehensiveIncome
|
-55637 | cad |
| CY2023Q4 | ifrs-full |
Equity
Equity
|
856674 | cad |
| CY2023 | ifrs-full |
Profit Loss
ProfitLoss
|
-56781 | cad |
| CY2022 | ifrs-full |
Profit Loss
ProfitLoss
|
-329789 | cad |
| CY2021 | ifrs-full |
Profit Loss
ProfitLoss
|
-5997 | cad |
| CY2023 | ifrs-full |
Adjustments For Depreciation Expense
AdjustmentsForDepreciationExpense
|
1775 | cad |
| CY2022 | ifrs-full |
Adjustments For Depreciation Expense
AdjustmentsForDepreciationExpense
|
1923 | cad |
| CY2021 | ifrs-full |
Adjustments For Depreciation Expense
AdjustmentsForDepreciationExpense
|
3143 | cad |
| CY2023 | ifrs-full |
Expense Recognised During Period For Bad And Doubtful Debts For Related Party Transaction
ExpenseRecognisedDuringPeriodForBadAndDoubtfulDebtsForRelatedPartyTransaction
|
12934 | cad |
| CY2022 | ifrs-full |
Expense Recognised During Period For Bad And Doubtful Debts For Related Party Transaction
ExpenseRecognisedDuringPeriodForBadAndDoubtfulDebtsForRelatedPartyTransaction
|
0 | cad |
| CY2021 | ifrs-full |
Expense Recognised During Period For Bad And Doubtful Debts For Related Party Transaction
ExpenseRecognisedDuringPeriodForBadAndDoubtfulDebtsForRelatedPartyTransaction
|
10679 | cad |
| CY2023 | fil |
Loss On Investment In Akkerman Finland Oy
LossOnInvestmentInAkkermanFinlandOy
|
27569 | cad |
| CY2022 | fil |
Loss On Investment In Akkerman Finland Oy
LossOnInvestmentInAkkermanFinlandOy
|
62973 | cad |
| CY2021 | fil |
Loss On Investment In Akkerman Finland Oy
LossOnInvestmentInAkkermanFinlandOy
|
0 | cad |
| CY2023 | ifrs-full |
Adjustments For Undistributed Profits Of Investments Accounted For Using Equity Method
AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod
|
0 | cad |
| CY2022 | ifrs-full |
Adjustments For Undistributed Profits Of Investments Accounted For Using Equity Method
AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod
|
-98123 | cad |
| CY2021 | ifrs-full |
Adjustments For Undistributed Profits Of Investments Accounted For Using Equity Method
AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod
|
0 | cad |
| CY2023 | fil |
Write Off Of Payables
WriteOffOfPayables
|
0 | cad |
| CY2022 | fil |
Write Off Of Payables
WriteOffOfPayables
|
0 | cad |
| CY2021 | fil |
Write Off Of Payables
WriteOffOfPayables
|
10231 | cad |
| CY2023 | ifrs-full |
Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss Inventories
AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossInventories
|
1460 | cad |
| CY2022 | ifrs-full |
Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss Inventories
AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossInventories
|
0 | cad |
| CY2021 | ifrs-full |
Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss Inventories
AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossInventories
|
0 | cad |
| CY2023 | ifrs-full |
Adjustments For Decrease Increase In Other Current Assets
AdjustmentsForDecreaseIncreaseInOtherCurrentAssets
|
-586 | cad |
| CY2022 | ifrs-full |
Adjustments For Decrease Increase In Other Current Assets
AdjustmentsForDecreaseIncreaseInOtherCurrentAssets
|
-1858 | cad |
| CY2021 | ifrs-full |
Adjustments For Decrease Increase In Other Current Assets
AdjustmentsForDecreaseIncreaseInOtherCurrentAssets
|
20153 | cad |
| CY2023 | ifrs-full |
Adjustments For Decrease Increase In Other Assets
AdjustmentsForDecreaseIncreaseInOtherAssets
|
-18532 | cad |
| CY2022 | ifrs-full |
Adjustments For Decrease Increase In Other Assets
AdjustmentsForDecreaseIncreaseInOtherAssets
|
0 | cad |
| CY2021 | ifrs-full |
Adjustments For Decrease Increase In Other Assets
AdjustmentsForDecreaseIncreaseInOtherAssets
|
48498 | cad |
| CY2023 | us-gaap |
Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
|
-49761 | cad |
| CY2022 | us-gaap |
Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
|
-22323 | cad |
| CY2021 | us-gaap |
Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
|
0 | cad |
| CY2023 | ifrs-full |
Adjustments For Decrease Increase In Loans And Advances To Customers
AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers
|
6677 | cad |
| CY2022 | ifrs-full |
Adjustments For Decrease Increase In Loans And Advances To Customers
AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers
|
-9131 | cad |
| CY2021 | ifrs-full |
Adjustments For Decrease Increase In Loans And Advances To Customers
AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers
|
54521 | cad |
| CY2023 | ifrs-full |
Adjustments For Increase In Other Provisions Arising From Passage Of Time
AdjustmentsForIncreaseInOtherProvisionsArisingFromPassageOfTime
|
-2846 | cad |
| CY2022 | ifrs-full |
Adjustments For Increase In Other Provisions Arising From Passage Of Time
AdjustmentsForIncreaseInOtherProvisionsArisingFromPassageOfTime
|
-3070 | cad |
| CY2021 | ifrs-full |
Adjustments For Increase In Other Provisions Arising From Passage Of Time
AdjustmentsForIncreaseInOtherProvisionsArisingFromPassageOfTime
|
10589 | cad |
| CY2023 | ifrs-full |
Adjustments For Increase Decrease In Trade And Other Payables
AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables
|
-48534 | cad |
| CY2022 | ifrs-full |
Adjustments For Increase Decrease In Trade And Other Payables
AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables
|
-29089 | cad |
| CY2021 | ifrs-full |
Adjustments For Increase Decrease In Trade And Other Payables
AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables
|
-20511 | cad |
| CY2023 | ifrs-full |
Adjustments For Increase Decrease In Other Liabilities
AdjustmentsForIncreaseDecreaseInOtherLiabilities
|
0 | cad |
| CY2022 | ifrs-full |
Adjustments For Increase Decrease In Other Liabilities
AdjustmentsForIncreaseDecreaseInOtherLiabilities
|
0 | cad |
| CY2021 | ifrs-full |
Adjustments For Increase Decrease In Other Liabilities
AdjustmentsForIncreaseDecreaseInOtherLiabilities
|
-61249 | cad |
| CY2023 | ifrs-full |
Adjustments For Increase Decrease In Other Current Liabilities
AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities
|
-60264 | cad |
| CY2022 | ifrs-full |
Adjustments For Increase Decrease In Other Current Liabilities
AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities
|
-278013 | cad |
| CY2021 | ifrs-full |
Adjustments For Increase Decrease In Other Current Liabilities
AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities
|
-83277 | cad |
| CY2023 | ifrs-full |
Adjustments For Gains Losses On Fair Value Adjustment Investment Property
AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty
|
-1103 | cad |
| CY2022 | ifrs-full |
Adjustments For Gains Losses On Fair Value Adjustment Investment Property
AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty
|
11696 | cad |
| CY2021 | ifrs-full |
Adjustments For Gains Losses On Fair Value Adjustment Investment Property
AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty
|
8498 | cad |
| CY2023 | ifrs-full |
Cash Flows From Used In Operating Activities
CashFlowsFromUsedInOperatingActivities
|
-185786 | cad |
| CY2022 | ifrs-full |
Cash Flows From Used In Operating Activities
CashFlowsFromUsedInOperatingActivities
|
-521950 | cad |
| CY2021 | ifrs-full |
Cash Flows From Used In Operating Activities
CashFlowsFromUsedInOperatingActivities
|
-42180 | cad |
| CY2023 | fil |
Investment In Akkerman Finland Oy1
InvestmentInAkkermanFinlandOy1
|
0 | cad |
| CY2022 | fil |
Investment In Akkerman Finland Oy1
InvestmentInAkkermanFinlandOy1
|
-211800 | cad |
| CY2021 | fil |
Investment In Akkerman Finland Oy1
InvestmentInAkkermanFinlandOy1
|
0 | cad |
| CY2023 | fil |
Deposit Akkerman Finland Oy1
DepositAkkermanFinlandOy1
|
0 | cad |
| CY2022 | fil |
Deposit Akkerman Finland Oy1
DepositAkkermanFinlandOy1
|
0 | cad |
| CY2021 | fil |
Deposit Akkerman Finland Oy1
DepositAkkermanFinlandOy1
|
14155 | cad |
| CY2023 | fil |
Advance To Akkerman Finland Oy1
AdvanceToAkkermanFinlandOy1
|
0 | cad |
| CY2022 | fil |
Advance To Akkerman Finland Oy1
AdvanceToAkkermanFinlandOy1
|
-282400 | cad |
| CY2021 | fil |
Advance To Akkerman Finland Oy1
AdvanceToAkkermanFinlandOy1
|
0 | cad |
| CY2023 | ifrs-full |
Purchase Of Property Plant And Equipment Intangible Assets Other Than Goodwill Investment Property And Other Noncurrent Assets
PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets
|
0 | cad |
| CY2022 | ifrs-full |
Purchase Of Property Plant And Equipment Intangible Assets Other Than Goodwill Investment Property And Other Noncurrent Assets
PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets
|
5067 | cad |
| CY2021 | ifrs-full |
Purchase Of Property Plant And Equipment Intangible Assets Other Than Goodwill Investment Property And Other Noncurrent Assets
PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets
|
7542 | cad |
| CY2023 | ifrs-full |
Cash Flows From Used In Investing Activities
CashFlowsFromUsedInInvestingActivities
|
0 | cad |
| CY2022 | ifrs-full |
Cash Flows From Used In Investing Activities
CashFlowsFromUsedInInvestingActivities
|
-499267 | cad |
| CY2021 | ifrs-full |
Cash Flows From Used In Investing Activities
CashFlowsFromUsedInInvestingActivities
|
-21697 | cad |
| CY2023 | ifrs-full |
Proceeds From Issue Of Ordinary Shares
ProceedsFromIssueOfOrdinaryShares
|
0 | cad |
| CY2022 | ifrs-full |
Proceeds From Issue Of Ordinary Shares
ProceedsFromIssueOfOrdinaryShares
|
1250000 | cad |
| CY2021 | ifrs-full |
Proceeds From Issue Of Ordinary Shares
ProceedsFromIssueOfOrdinaryShares
|
0 | cad |
| CY2023 | ifrs-full |
Payments For Share Issue Costs
PaymentsForShareIssueCosts
|
0 | cad |
| CY2022 | ifrs-full |
Payments For Share Issue Costs
PaymentsForShareIssueCosts
|
60416 | cad |
| CY2021 | ifrs-full |
Payments For Share Issue Costs
PaymentsForShareIssueCosts
|
2197 | cad |
| CY2023 | ifrs-full |
Cash Flows From Used In Financing Activities
CashFlowsFromUsedInFinancingActivities
|
0 | cad |
| CY2022 | ifrs-full |
Cash Flows From Used In Financing Activities
CashFlowsFromUsedInFinancingActivities
|
1189584 | cad |
| CY2021 | ifrs-full |
Cash Flows From Used In Financing Activities
CashFlowsFromUsedInFinancingActivities
|
-2197 | cad |
| CY2023 | ifrs-full |
Increase Decrease In Cash And Cash Equivalents
IncreaseDecreaseInCashAndCashEquivalents
|
-185786 | cad |
| CY2022 | ifrs-full |
Increase Decrease In Cash And Cash Equivalents
IncreaseDecreaseInCashAndCashEquivalents
|
168367 | cad |
| CY2021 | ifrs-full |
Increase Decrease In Cash And Cash Equivalents
IncreaseDecreaseInCashAndCashEquivalents
|
-66074 | cad |
| CY2022Q4 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
307531 | cad |
| CY2021Q4 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
139164 | cad |
| CY2020Q4 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
205238 | cad |
| CY2023Q4 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
121745 | cad |
| CY2022Q4 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
307531 | cad |
| CY2021Q4 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
139164 | cad |
| CY2023 | dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
2008-01-23 | |
| CY2023 | dei |
Entity Information Date To Change Former Legal Or Registered Name
EntityInformationDateToChangeFormerLegalOrRegisteredName
|
2010-07-07 | |
| CY2023 | dei |
Entity Listing Description
EntityListingDescription
|
TSX | |
| CY2023 | ifrs-full |
Disclosure Of Going Concern Explanatory
DisclosureOfGoingConcernExplanatory
|
<p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">These consolidated financial statements have been prepared on the basis that the Company will continue as a going concern, which assumes that the Company will be able to meet its commitments, continue operations and realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. There are material uncertainties that cast significant doubt about the appropriateness of the going concern assumption. </p> | |
| CY2023 | ifrs-full |
Disclosure Of Reclassifications Or Changes In Presentation Explanatory
DisclosureOfReclassificationsOrChangesInPresentationExplanatory
|
<p style="font:10pt Times New Roman;margin:0;margin-left:18pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt"><b>2.</b></kbd><b>BASIS OF PREPARATION</b> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt">a)</kbd>Statement of compliance </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">These consolidated financial statements have been prepared in accordance and compliance with International Financial Reporting standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”) and interpretations of the International Financial Reporting Interpretations Committee (“IFRIC”).</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;color:#000000;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt">b)</kbd>Basis of preparation </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">These consolidated financial statements have been prepared on a historical cost basis except certain financial instruments which are measured at fair value (‘FVPL”). In addition, these consolidated financial statements have been prepared using the accrual basis of accounting, except for cash flow information.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">These consolidated financial statements, including comparatives, have been prepared on the basis of IFRS standards that are effective as at December 31, 2023.</p> | |
| CY2023 | ifrs-full |
Statement Of Ifrs Compliance
StatementOfIFRSCompliance
|
<p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt">a)</kbd>Statement of compliance </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">These consolidated financial statements have been prepared in accordance and compliance with International Financial Reporting standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”) and interpretations of the International Financial Reporting Interpretations Committee (“IFRIC”).</p> | |
| CY2023 | ifrs-full |
Disclosure Of Basis Of Preparation Of Financial Statements Explanatory
DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory
|
<p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt">b)</kbd>Basis of preparation </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">These consolidated financial statements have been prepared on a historical cost basis except certain financial instruments which are measured at fair value (‘FVPL”). In addition, these consolidated financial statements have been prepared using the accrual basis of accounting, except for cash flow information.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">These consolidated financial statements, including comparatives, have been prepared on the basis of IFRS standards that are effective as at December 31, 2023.</p> | |
| CY2023 | ifrs-full |
Disclosure Of Property Plant And Equipment Explanatory
DisclosureOfPropertyPlantAndEquipmentExplanatory
|
<p style="font:10pt Times New Roman;margin:0;margin-left:18pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt"><b>4.</b></kbd><b>EQUIPMENT</b> </p> <p style="font:10pt Times New Roman;margin:0"> </p> <table style="border-collapse:collapse;width:475.75pt;margin-left:5.4pt"><tr style="height:38.1pt"><td style="width:396pt;border-top:1pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:9pt Times New Roman;margin:0"> </p> </td><td style="width:13.35pt;border-top:1pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:9pt Times New Roman;margin:0"> </p> </td><td style="width:66.4pt;border-top:1pt solid #000000" valign="bottom"><p style="font:9pt Times New Roman;margin:0;text-align:center"><b>Furniture and other equipment</b></p> </td></tr> <tr style="height:12.75pt"><td style="width:396pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0"><b>Cost</b></p> </td><td style="width:13.35pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0"> </p> </td><td style="width:66.4pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:9pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right"> </p> </td></tr> <tr style="height:12.75pt"><td style="width:396pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0">As at January 1, 2022</p> </td><td style="width:13.35pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0"> </p> </td><td style="width:66.4pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">$ 114,795</p> </td></tr> <tr style="height:12.75pt"><td style="width:396pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0">Additions during the year</p> </td><td style="width:13.35pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0"> </p> </td><td style="width:66.4pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">2,531</p> </td></tr> <tr style="height:12.75pt"><td style="width:396pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0">Exchange adjustment</p> </td><td style="width:13.35pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0"> </p> </td><td style="width:66.4pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:9pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">535</p> </td></tr> <tr style="height:13.5pt"><td style="width:396pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0">As at December 31, 2022</p> </td><td style="width:13.35pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0"> </p> </td><td style="width:66.4pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:9pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">$ 117,861</p> </td></tr> <tr style="height:13.5pt"><td style="width:396pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0">Exchange adjustment</p> </td><td style="width:13.35pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0"> </p> </td><td style="width:66.4pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:9pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">1,370</p> </td></tr> <tr style="height:13.5pt"><td style="width:396pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0">As at December 31, 2023</p> </td><td style="width:13.35pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:9pt Times New Roman;margin:0"> </p> </td><td style="width:66.4pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:9pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">$ 119,231</p> </td></tr> <tr style="height:12.75pt"><td style="width:396pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0"> </p> </td><td style="width:13.35pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0"> </p> </td><td style="width:66.4pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right"> </p> </td></tr> <tr style="height:12.75pt"><td style="width:396pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0"><b>Accumulated depreciation</b></p> </td><td style="width:13.35pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0"> </p> </td><td style="width:66.4pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right"> </p> </td></tr> <tr style="height:12.75pt"><td style="width:396pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0">As at January 1, 2022</p> </td><td style="width:13.35pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0"> </p> </td><td style="width:66.4pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">$ 112,705</p> </td></tr> <tr style="height:12.75pt"><td style="width:396pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0">Depreciation for the year</p> </td><td style="width:13.35pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0"> </p> </td><td style="width:66.4pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">1,923</p> </td></tr> <tr style="height:12.75pt"><td style="width:396pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0">Exchange adjustment</p> </td><td style="width:13.35pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0"> </p> </td><td style="width:66.4pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:9pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">631</p> </td></tr> <tr style="height:13.5pt"><td style="width:396pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0">As at December 31, 2022</p> </td><td style="width:13.35pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0"> </p> </td><td style="width:66.4pt;border-top:1pt solid #000000" valign="bottom"><p style="font:9pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">$ 115,259</p> </td></tr> <tr style="height:13.5pt"><td style="width:396pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0">Depreciation for the year</p> </td><td style="width:13.35pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0"> </p> </td><td style="width:66.4pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">1,775</p> </td></tr> <tr style="height:13.5pt"><td style="width:396pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0">Exchange adjustment</p> </td><td style="width:13.35pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0"> </p> </td><td style="width:66.4pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:9pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">1,343</p> </td></tr> <tr style="height:13.5pt"><td style="width:396pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:9pt Times New Roman;margin:0">As at December 31, 2023</p> </td><td style="width:13.35pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:9pt Times New Roman;margin:0"> </p> </td><td style="width:66.4pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:9pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">$ 118,377</p> </td></tr> <tr style="height:12.75pt"><td style="width:396pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0"> </p> </td><td style="width:13.35pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0"> </p> </td><td style="width:66.4pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr style="height:12.75pt"><td style="width:396pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0"><b>Net book value</b></p> </td><td style="width:13.35pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0"> </p> </td><td style="width:66.4pt" valign="bottom"><p style="font:9pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right"> </p> </td></tr> <tr style="height:13.5pt"><td style="width:396pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:9pt Times New Roman;margin:0">As at January 1, 2022</p> </td><td style="width:13.35pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:9pt Times New Roman;margin:0"> </p> </td><td style="width:66.4pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:9pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">$ 2,090</p> </td></tr> <tr style="height:13.5pt"><td style="width:396pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:9pt Times New Roman;margin:0">As at December 31, 2022</p> </td><td style="width:13.35pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:9pt Times New Roman;margin:0"> </p> </td><td style="width:66.4pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:9pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">$ 2,602</p> </td></tr> <tr style="height:13.5pt"><td style="width:396pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:9pt Times New Roman;margin:0">As at December 31, 2023</p> </td><td style="width:13.35pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:9pt Times New Roman;margin:0"> </p> </td><td style="width:66.4pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:9pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">$ 854</p> </td></tr> </table> | |
| CY2023 | ifrs-full |
Disclosure Of Exploration And Evaluation Assets Explanatory
DisclosureOfExplorationAndEvaluationAssetsExplanatory
|
<p style="font:10pt Times New Roman;margin:0"><b>5. EXPLORATION AND EVALUATION ASSETS AND MINERAL EXPLORATION EXPENSES </b></p> <p style="font:10pt Times New Roman;margin:0"> </p> <table style="border-collapse:collapse;width:686.6pt;margin-left:5.4pt"><tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td colspan="2" style="width:113.8pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center"><b>Portugal</b></p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center"> </p> </td><td colspan="2" style="width:112.8pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center"><b>Kosovo</b></p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center"> </p> </td><td style="width:56.4pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center"><b>Others</b></p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center"> </p> </td><td style="width:59.4pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center"><b>Total</b></p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"></td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt"> </p> </td><td style="width:56.4pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt;text-align:center"><b>Alvalade</b></p> </td><td style="width:57.4pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt;text-align:center"><b>Others</b></p> </td><td style="width:11.8pt" valign="middle"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt;text-align:center"> </p> </td><td style="width:56.4pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt;text-align:center"><b>Slivova</b></p> </td><td style="width:56.4pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt;text-align:center"><b>Others</b></p> </td><td style="width:11.8pt" valign="middle"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt;text-align:center"> </p> </td><td style="width:56.4pt;border-bottom:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt;text-align:center"><b> </b></p> </td><td style="width:11.8pt" valign="middle"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt;text-align:center"> </p> </td><td style="width:59.4pt;border-bottom:0.5pt solid #000000" valign="middle"></td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt"><b>Exploration and evaluation assets</b></p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt"> </p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt"> </p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt"> </p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt"> </p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt"> </p> </td><td style="width:59.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt"> </p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:8.05pt"><b>Acquisition costs</b></p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:59.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt"><b> As of January 1, 2023</b></p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 167,920</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ -</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ -</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ -</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ -</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:59.4pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 167,920</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"><b>As of December 31, 2023</b></p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 167,920</p> </td><td style="width:57.4pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ -</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ -</p> </td><td style="width:56.4pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ -</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ -</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:59.4pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 167,920</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:8pt"> </p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:59.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"><b>Mineral exploration expenses for the year ended December 31, 2023</b></p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:59.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Geological salaries and consulting</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 24,589</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ -</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 13,338</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ -</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ -</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:59.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 37,927</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Insurance</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">149</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:59.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">149</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Office and administrative fees</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">214</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">2,437</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:59.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">2,651</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Rent</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">6,068</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:59.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">6,068</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Report</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">15,767</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:59.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">15,767</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Site costs</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">158</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">1,321</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:59.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">1,479</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Travel</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">2,451</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:59.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">2,451</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Reimbursements from optionees</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">(378,861)</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">(103,591)</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:59.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">(482,452)</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"></td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ (351,300)</p> </td><td style="width:57.4pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ -</p> </td><td style="width:11.8pt" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ (64,660)</p> </td><td style="width:56.4pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ -</p> </td><td style="width:11.8pt" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ -</p> </td><td style="width:11.8pt" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:59.4pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ (415,960)</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"><b>Cumulative mineral exploration expenses since acquisition</b></p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:59.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Assaying</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ -</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ -</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 297,975</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 65,936</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 10,846</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:59.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 374,757</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Concession fees and taxes</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">361,864</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">693,608</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">20,505</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">206,975</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">4</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:59.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">1,282,956</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Depreciation</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">17,178</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">98,722</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:59.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">115,900</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Drilling</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">610,197</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">472,513</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">1,180,217</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:59.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">2,262,927</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Geological salaries and consulting</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">6,585,470</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">6,317,147</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">157,687</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">720,879</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">12,359</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:59.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">13,793,542</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Geology work</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">32,377</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">891,582</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">402,515</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">364,525</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:59.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">1,690,999</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Insurance</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">25,469</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">52,112</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">14,604</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">15,007</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:59.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">107,192</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Legal and accounting</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">1,020</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">1,244</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">58,158</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">13,958</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:59.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">74,380</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Office and administrative fees</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">254,272</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">279,739</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">83,665</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">101,624</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">68,446</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:59.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">787,746</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Rent</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">606,084</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">596,896</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">42,158</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">88,221</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">20,560</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:59.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">1,353,919</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Report</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">39.999</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:59.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">39,999</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Site costs</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">194,363</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">244,377</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">188,571</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">194,582</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">8,865</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:59.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">830,758</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Travel</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">243,895</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">247,277</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">63,047</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">22,478</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">15,326</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:59.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">592,023</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Trenching and road work</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">34,339</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:59.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">34,339</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Reimbursements from optionees</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">(9,339,910)</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">(4,890,826)</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">(2,992,643)</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">(45,158)</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:59.4pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">(17,268,537)</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"></td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt;border-bottom:1pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ (440,098)</p> </td><td style="width:57.4pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 4,145,186</p> </td><td style="width:11.8pt" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 79,864</p> </td><td style="width:56.4pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 1,787,017</p> </td><td style="width:11.8pt" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 500,931</p> </td><td style="width:11.8pt" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:59.4pt;border-bottom:1pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 6,072,900</p> </td></tr> </table> <table style="border-collapse:collapse;width:683.8pt;margin-left:5.4pt"><tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td colspan="2" style="width:113.8pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center"><b>Portugal</b></p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center"> </p> </td><td colspan="2" style="width:112.8pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center"><b>Kosovo</b></p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center"> </p> </td><td style="width:56.4pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center"><b>Others</b></p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center"> </p> </td><td style="width:58.7pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center"><b>Total</b></p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"></td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt"> </p> </td><td style="width:56.4pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt;text-align:center"><b>Alvalade</b></p> </td><td style="width:57.4pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt;text-align:center"><b>Others</b></p> </td><td style="width:11.1pt" valign="middle"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt;text-align:center"> </p> </td><td style="width:56.4pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt;text-align:center"><b>Slivovo</b></p> </td><td style="width:56.4pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt;text-align:center"><b>Others</b></p> </td><td style="width:11.1pt" valign="middle"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt;text-align:center"> </p> </td><td style="width:56.4pt;border-bottom:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt;text-align:center"><b> </b></p> </td><td style="width:11.8pt" valign="middle"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt;text-align:center"> </p> </td><td style="width:58.7pt;border-bottom:0.5pt solid #000000" valign="middle"></td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt"><b>Exploration and evaluation assets</b></p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt"> </p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt"> </p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt"> </p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt"> </p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt"> </p> </td><td style="width:58.7pt" valign="bottom"><p style="font:8pt Times New Roman;margin-top:4pt;margin-bottom:0pt"> </p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:8.05pt"><b>Acquisition costs</b></p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:58.7pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt"><b> As of January 1, 2022</b></p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 167,920</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ -</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ -</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ -</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ -</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:58.7pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 167,920</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"><b>As of December 31, 2022</b></p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 167,920</p> </td><td style="width:57.4pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ -</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ -</p> </td><td style="width:56.4pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ -</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ -</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:58.7pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 167,920</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:8pt"> </p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:58.7pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"><b>Mineral exploration expenses for the year ended December 31, 2022</b></p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:58.7pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Concession fees and taxes</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ -</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ -</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 8,666</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ -</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ -</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:58.7pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 8,666</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Geological salaries and consulting</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">23,066</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">24,548</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:58.7pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">47,614</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Insurance</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">698</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:58.7pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">698</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Office and administrative fees</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">108</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">1,005</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:58.7pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">1,113</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Rent</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">7,396</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:58.7pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">7,396</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Site costs</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">2</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">2,123</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:58.7pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">2,125</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Travel</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">1,777</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">2,940</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:58.7pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">4,717</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Reimbursements from optionee</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">(348,277)</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">(56,066)</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:58.7pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">(402,343)</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"></td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ (322,626)</p> </td><td style="width:57.4pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ -</p> </td><td style="width:11.1pt" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ (7,388)</p> </td><td style="width:56.4pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ -</p> </td><td style="width:11.1pt" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ -</p> </td><td style="width:11.8pt" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:58.7pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ (330,014)</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"><b>Cumulative mineral exploration expenses since acquisition</b></p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:58.7pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Assaying</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ -</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ -</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 297,975</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 65,936</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 10,846</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:58.7pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 374,757</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Concession fees and taxes</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">361,864</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">693,608</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">20,505</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">206,975</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">4</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:58.7pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">1,282,956</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Depreciation</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">17,178</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">98,722</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:58.7pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">115,900</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Drilling</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">610,197</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">472,513</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">1,180,217</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:58.7pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">2,262,927</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Geological salaries and consulting</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">6,560,881</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">6,317,147</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">144,349</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">720,879</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">12,359</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:58.7pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">13,755,615</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Geology work</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">32,377</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">891,582</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">402,515</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">364,525</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:58.7pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">1,690,999</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Insurance</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">25,320</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">52,112</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">14,604</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">15,007</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:58.7pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">107,043</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Legal and accounting</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">1,020</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">1,244</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">58,158</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">13,958</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:58.7pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">74,380</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Office and administrative fees</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">254,058</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">279,739</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">81,228</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">101,624</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">68,446</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:58.7pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">785,095</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Rent</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">606,084</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">596,896</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">36,090</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">88,221</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">20,560</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:58.7pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">1,347,851</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Report</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">24,232</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:58.7pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">24,232</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Site costs</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">194,205</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">244,377</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">187,250</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">194,582</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">8,865</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:58.7pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">829,279</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Travel</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">241,444</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">247,277</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">63,047</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">22,478</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">15,326</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:58.7pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">589,572</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Trenching and road work</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">34,339</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:58.7pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">34,339</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-indent:7.95pt">Reimbursements from optionee</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">(8,961,049)</p> </td><td style="width:57.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">(4,890,826)</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">(2,889,052)</p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">(45,158)</p> </td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:11.8pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:58.7pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">(16,786,085)</p> </td></tr> <tr style="height:1pt"><td style="width:297pt" valign="bottom"></td><td style="width:11.1pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:56.4pt;border-bottom:1pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ (88,798)</p> </td><td style="width:57.4pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 4,145,186</p> </td><td style="width:11.1pt" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 144,524</p> </td><td style="width:56.4pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 1,787,017</p> </td><td style="width:11.1pt" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:56.4pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 500,931</p> </td><td style="width:11.8pt" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:58.7pt;border-bottom:1pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 6,488,860</p> </td></tr> </table> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;text-align:justify"><span style="border-bottom:1px solid #000000"><b>Portugal</b></span></p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">Licenses have varying required work commitments and carry a 3% Net Smelter Return (“NSR”) payable to the government of Portugal.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"><span style="border-bottom:1px solid #000000">Alvalade:</span></p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">On November 19, 2019, the Company and MAEPA (collectively the “Company”) and Minas de Aguas Teñidas, S.A. (“Sandfire MATSA” or “MATSA”) and its wholly-owned subsidiary Sandfire Mineira Portugal,Unipessoal Lda. (“SMP”), formerly “EUL”, collectively “Sandfire MATSA” entered into an Earn-In Joint Venture Agreement (the “Agreement”) with respect to the Alvalade Project. Pursuant to the Agreement, PorMining, Unipessoal Lda. (“PorMining”) was incorporated on December 17, 2019 to hold assets and develop mineral rights (both as defined) and SMP can earn up to an 85% interest in PorMining. The earning of this interest, subsequent arrangements that may be entered into to explore the assets and, if warranted, the development of one or more projects are referred to as the “Transaction”.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">On March 27, 2020, MAEPA and SMP entered into a Quota Transfer Agreement pursuant to which MAEPA split its 100% interest in the share capital of PorMining into two quotas, representing 51% and 49% of the company’s share capital, and sold the 51% quota to SMP for the nominal value of €510. </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">On March 27, 2020, the Company, MAEPA, Sandfire MATSA and SMP entered into the PorMining Lda. Shareholders’ Agreement (the “Agreement”). Pursuant to the Agreement:</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:45pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-22.5pt">·</kbd>PorMining has five directors. From the effective date until the second option exercise date, three will be nominated by SMP and two by MAEPA. Thereafter, four will be nominated by SMP and one will be nominated by MAEPA. Upon the occurrence of the 51/49 Phase and thereafter, SMP is entitled to nominate three directors and MAEPA two directors. In the event of dilution of the interest of SMP or MAEPA, each will be entitled to proportional representation (as described) equal to its then interest; </p> <p style="font:10pt Times New Roman;margin:0;margin-left:45pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-22.5pt">·</kbd>In the event that SMP and/or MAEPA wish to sell or transfer their shares in PorMining, PorMining has a right of first refusal to purchase all or a portion of the shares. To the extent that PorMining does not exercise its right of first refusal to all the shares, each of SMP and/or MAEPA has a right of first refusal; and </p> <p style="font:10pt Times New Roman;margin:0;margin-left:45pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-22.5pt">·</kbd>The Agreement will terminate at such time as there is a final decision regarding the dissolution and liquidation of PorMining, the parties mutually agree on the termination of the Agreement or as provided for under the Earn-In Joint Venture Agreement. </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">The effective date of the Transaction is the date that PorMining receives (received on June 15, 2020) the mineral rights in its name from the General Directorate of Energy and Geology of Portugal (“DGEG”). The Transaction is comprised of the following phases:</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:45pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-22.5pt">·</kbd>Phase I – First Option; </p> <p style="font:10pt Times New Roman;margin:0;margin-left:45pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-22.5pt">·</kbd>Phase II – Second Option; </p> <p style="font:10pt Times New Roman;margin:0;margin-left:45pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-22.5pt">·</kbd>51/49 Phase; and </p> <p style="font:10pt Times New Roman;margin:0;margin-left:45pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-22.5pt">·</kbd>Phase III – Development and Operation. </p> <p style="font:10pt Times New Roman;margin:0;text-indent:18pt;text-align:justify"><span style="border-bottom:1px solid #000000">Phase I – First Option</span></p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">During Phase I, MAEPA granted SMP the sole and exclusive right to hold an undivided 51% interest in PorMining (the first option) for at least three years from the effective date or the issue (issued on June 15, 2020) of the Experimental Exploitation License (the “EEL”) by DGEG to PorMining. SMP’s right to maintain its 51% interest is conditional upon Sandfire MATSA:</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:49.5pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-22.5pt">·</kbd>Paying €400,000 to the Company on or before the effective date (€200,000 was received in December 2019 and the remaining €200,000 was received in June 2020); </p> <p style="font:10pt Times New Roman;margin:0;margin-left:49.5pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-22.5pt">·</kbd>Funding or providing the necessary financial instrument to cover the guarantee, which will be returned to Sandfire MATSA following the release of the guarantee by DGEG (funded €100,000 in June 2020); and </p> <p style="font:10pt Times New Roman;margin:0;margin-left:49.5pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-22.5pt">·</kbd>Funding expenditures (the first option expenditures) on the mineral rights in an aggregate amount of €2,400,000 (€1,200,000 within the first 12 months following the effective date [met] and €1,200,000 in the next 24 months [met]) on or before three years from the effective date or the issue of the EEL. </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">Effectively in March 2022, Sandfire MATSA completed the Phase I First Option by funding a total of €2,500,000 on the Alvalade project, including the €100,000 guarantee with DGEG, and SMP unconditionally earned the 51% interest in PorMining. </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">During Phase I, MAEPA acted as the operator of the mineral rights with PorMining paying MAEPA an operator’s fee equal to €100,000 per year, paid monthly starting June 16, 2020, funded by Sandfire MATSA and which formed part of the first option expenditures. </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">In all other phases, PorMining will be the operator unless it appoints another person to act as operator. The operator is responsible for developing and submitting work programs to the technical committee or the board of directors for consideration and approval and to implement work programs when approved according to the approved budget. The technical committee is comprised of two representatives from each of SMP and MAEPA and will be in effect until the first option exercise date. Thereafter, the board of directors will make all decisions with respect to the mineral rights. </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">Upon the completion of Phase I, Sandfire MATSA and PorMining continued with having MAEPA acting as the operator and PorMining continued paying the operator’s fee. During the year ended December 31, 2023, MAEPA received €100,000 ($145,970) (2022 - €100,000 ($136,960)) operator’s fee where the fund was included in reimbursements from optionee. </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"><span style="border-bottom:1px solid #000000">Phase II – Second Option</span></p> <p style="font:8pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">Phase II commenced on the first option exercise date and continues until the first to occur of the second option exercise date and the termination of the second option. On the first option exercise date, the Company granted SMP the sole and exclusive right and option to acquire an additional 34% (for an aggregate 85% interest) in PorMining (the second option). SMP’s right to exercise the second option is conditional on Sandfire MATSA satisfying the second option conditions as follows:</p> <p style="font:8pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:49.5pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-22.5pt">·</kbd>Preparing, funding and delivering to PorMining a feasibility study on the mineral rights within five years of the issuance of the EEL or, provided that DGEG grants an extension to all or part of the EEL, the time period for when the second option conditions must be met shall be extended to a maximum of two additional years, for a total of seven years after the issuance of the original EEL; </p> <p style="font:10pt Times New Roman;margin:0;margin-left:49.5pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-22.5pt">·</kbd>Making proper application for a mining license before the end of the term of the EEL; and </p> <p style="font:10pt Times New Roman;margin:0;margin-left:49.5pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-22.5pt">·</kbd>Making all progress payments to Antofagasta as set out in the Debt Cancellation Agreement dated June 12, 2017 as follows: </p> <p style="font:10pt Times New Roman;margin:0;text-indent:-22.5pt;margin-left:49.5pt;text-align:justify">·</p> <p style="font:10pt Times New Roman;margin:0;margin-left:72pt;text-align:justify"><kbd style="position:absolute;font:10pt Courier New;margin-left:-18pt">o</kbd>US$250,000 within 60 days after the date of a news release announcing a NI 43-101 compliant technical report having been completed and with results as defined; </p> <p style="font:10pt Times New Roman;margin:0;margin-left:72pt;text-align:justify"><kbd style="position:absolute;font:10pt Courier New;margin-left:-18pt">o</kbd>US$500,000 within 60 days after the date of a news release announcing completion of a feasibility study with results as defined; </p> <p style="font:10pt Times New Roman;margin:0;margin-left:72pt;text-align:justify"><kbd style="position:absolute;font:10pt Courier New;margin-left:-18pt">o</kbd>US$500,000 on the one-year anniversary of the date of the news release announcing the feasibility study noted above; </p> <p style="font:10pt Times New Roman;margin:0;margin-left:72pt;text-align:justify"><kbd style="position:absolute;font:10pt Courier New;margin-left:-18pt">o</kbd>US$750,000 within 60 days of the commencement of commercial production; </p> <p style="font:10pt Times New Roman;margin:0;margin-left:72pt;text-align:justify"><kbd style="position:absolute;font:10pt Courier New;margin-left:-18pt">o</kbd>US$750,000 on the one-year anniversary of commencement of commercial production; </p> <p style="font:10pt Times New Roman;margin:0;margin-left:72pt;text-align:justify"><kbd style="position:absolute;font:10pt Courier New;margin-left:-18pt">o</kbd>US$750,000 on the second anniversary of commencement of commercial production; and </p> <p style="font:10pt Times New Roman;margin:0;margin-left:72pt;text-align:justify"><kbd style="position:absolute;font:10pt Courier New;margin-left:-18pt">o</kbd>US$750,000 on the third anniversary of commencement of commercial production. </p> <p style="font:8pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">The satisfaction of the second option conditions is solely at Sandfire MATSA’s discretion and Sandfire MATSA may elect to terminate the second option at any time by delivering notice (the second option termination notice) to the Company. If the second option is terminated, SMP will be entitled to retain its 51% interest in PorMining, plus an additional 1% interest for every €735,294 of expenditures funded during Phase II and the 51/49 Phase will commence.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">Upon Sandfire MATSA satisfying the second option conditions, SMP automatically earns an additional 34% interest in PorMining for an aggregate interest of 85%.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">During Phase II, SMP will fund 100% of all maintenance payments and approved work programs.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">As of December 31, 2023, Sandfire MATSA funded €2,924,000 on the Alvalade project Phase II – Second Option. Subsequently, Sandfire MATSA funded another €175,000 on the Alvalade project in Phase II.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"><span style="border-bottom:1px solid #000000">51/49 Phase</span></p> <p style="font:8pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">The 51/49 Phase commences on termination of the second option and continues until the deemed conversion of the interest of a party to a royalty. During the 51/49 Phase, PorMining will remain the operator subject to the terms of the Agreement and the shareholders’ agreement and the activities of the parties with respect to the mineral rights will continue to be governed by the shareholder’s agreement. </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">If at any time after the 51/49 Phase has commenced SMP’s interest is reduced to below 10% as a result of dilution calculations, its interest will be deemed to be converted to a 1.5% royalty, which royalty shall only be payable up to a maximum total payment of €13,000,000 after which it will no longer be applicable. Upon conversion to the royalty, SMP will have no further rights or interest in respect of the assets under the Agreement or the shareholders’ agreement except for the royalty and the termination provisions apply. </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">If at any time during the 51/49 Phase MAEPA’s interest is reduced to 15% as a result of dilution calculations, then its interest will be deemed to be converted to a 15% “carried interest” following which MAEPA will not be required to contribute to any further work programs and will not be subject to any further dilution until such time as a feasibility study has been prepared, at which point Phase III will have been deemed to have commenced and MAEPA will have to sell the option.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">During the 51/49 Phase, the parties will fund the maintenance payments and contribute to the costs of any approved work and/or development programs in proportion to their proportionate share.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-indent:18pt;margin-left:18pt;text-align:justify"><span style="border-bottom:1px solid #000000">Phase III – Development and Operation </span></p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">Phase III commences on the second option exercise date and continues until the deemed conversion of the interest of a party to a royalty. Within 90 days of the commencement of Phase III, the Company will transfer its 15% interest in PorMining to Sandfire MATSA in consideration for €10,000,000 to be paid as follows:</p> <p style="font:8pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:49.5pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-22.5pt">·</kbd>€3,000,000 upon a construction decision being made by PorMining and all permits having been received from DGEG; </p> <p style="font:10pt Times New Roman;margin:0;margin-left:49.5pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-22.5pt">·</kbd>€3,000,000 upon commencement of commercial production; and </p> <p style="font:10pt Times New Roman;margin:0;margin-left:49.5pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-22.5pt">·</kbd>€4,000,000 upon the first anniversary of commencement of commercial production. </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">During Phase III, the parties will contribute their respective pro rata share of all approved work programs and budgets.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">If at any time after Phase III has commenced MAEPA’s interest is reduced to below 10% as a result of dilution calculations, its interest will be deemed to be converted to a 1.5% royalty as described above for SMP.</p> <p style="font:10pt Times New Roman;margin:0;text-indent:-18pt;margin-left:36pt;text-align:justify"> </p> <table style="border-collapse:collapse;width:463.2pt;margin-left:25.8pt"><tr style="height:25.5pt"><td style="width:201.3pt" valign="bottom"></td><td style="width:122.4pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:9.5pt Times New Roman;margin:0;text-align:right"><b>December 31, 2023</b></p> </td><td style="width:13.45pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:9.5pt Times New Roman;margin:0"><b> </b></p> </td><td style="width:126.05pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:9.5pt Times New Roman;margin:0;text-align:right"><b>December 31, 2022</b></p> </td></tr> <tr style="height:6pt"><td style="width:201.3pt" valign="bottom"><p style="font:9.5pt Times New Roman;margin:0;text-align:center"> </p> </td><td style="width:122.4pt" valign="bottom"><p style="font:9.5pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:13.45pt" valign="bottom"><p style="font:9.5pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:126.05pt" valign="bottom"><p style="font:9.5pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr style="height:12.75pt"><td style="width:201.3pt" valign="bottom"><p style="font:9.5pt Times New Roman;margin:0"><b>Due from optionee</b></p> </td><td style="width:122.4pt" valign="bottom"><p style="font:9.5pt Times New Roman;margin:0;text-align:center"> </p> </td><td style="width:13.45pt" valign="bottom"><p style="font:9.5pt Times New Roman;margin:0;text-align:center"> </p> </td><td style="width:126.05pt" valign="bottom"><p style="font:9.5pt Times New Roman;margin:0;text-align:center"> </p> </td></tr> <tr style="height:12.75pt"><td style="width:201.3pt" valign="bottom"><p style="font:9.5pt Times New Roman;margin:0">Alvalade - PorMining</p> </td><td style="width:122.4pt" valign="bottom"><p style="font:9.5pt Times New Roman;margin:0;text-align:right">$ 18,409</p> </td><td style="width:13.45pt" valign="bottom"><p style="font:9.5pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:126.05pt" valign="bottom"><p style="font:9.5pt Times New Roman;margin:0;text-align:right">$ 12,811</p> </td></tr> <tr style="height:13.5pt"><td style="width:201.3pt" valign="middle"></td><td style="width:122.4pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="middle"><p style="font:9.5pt Times New Roman;margin:0;text-align:right">$ 18,409</p> </td><td style="width:13.45pt" valign="middle"><p style="font:9.5pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:126.05pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="middle"><p style="font:9.5pt Times New Roman;margin:0;text-align:right">$ 12,811</p> </td></tr> </table> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"><span style="border-bottom:1px solid #000000"><b>Kosovo</b></span></p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"><span style="border-bottom:1px solid #000000">Slivova (formerly Slivovo) license:</span></p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">Byrnecut International Limited (“Byrnecut”) earned an 85% interest in the Slivovo property after forwarding $2,834,986 (€2,000,000) for the Slivovo property to the Company and completing a Preliminary Feasibility Study (“PFS”) by April 10, 2017. Byrnecut and the Company set up a joint venture entity known as Peshter Mining J.S.C. (“Peshter Mining”) to reflect the 85:15 ownership and transferred the Slivovo license into Peshter Mining with Byrnecut being the operator. Avrupa’s interest in Peshter Mining was subsequently diluted to below 10%, resulting in the Company’s interest in Peshter Mining being converted into a 2% Net Smelter Return. </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">On December 31, 2019, the Company wrote down its interest in Slivovo by $143,154 to $1 as the Company was in negotiations with the Kosovo Mining Bureau, along with Byrnecut and Peshter Mining as to how to possibly extend the life of this license. During fiscal 2020, Byrnecut decided not to proceed with advancing Slivovo. Rather than dropping the license and potentially allowing a third party to stake the open land, Innomatik Exploration Kosovo LLC (“IEK”), Byrnecut and Peshter Mining entered into a binding term sheet (the “TS”) whereby the parties set out the terms on which Peshter Mining would surrender the existing tenements, thereby enabling IEK to apply, as sole beneficial owner, for one or more tenements over the entirety of the tenement area. The license was officially released back to the government. As of December 31, 2020, the Company wrote off $1. On November 2, 2023, Peshter Mining was deregistered and dissolved.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">In March 2021, the Company incorporated a wholly-owned subsidiary, AVU Kosova LLC, to apply for a new Slivovo exploration permit. In May 2022, the Company received a seven-year exploration permit known as the Slivova license. </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">As consideration for Byrnecut ensuring that Peshter Mining complies with its obligations under the TS, IEK must pay to Byrnecut milestone cash payments totaling €375,000 and milestone gold payments totaling 850 troy ounces of gold (together known as “Success Payments”) as follows:</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"><span style="border-bottom:1px solid #000000">Cash</span></p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:49.5pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-22.5pt">·</kbd>€125,000 within 30 days of the first to occur of the completion of a positive bankable feasibility study or the board of directors of IEK making a decision to proceed with the development of a commercial mining operation in respect of all or any part of the tenement area; </p> <p style="font:10pt Times New Roman;margin:0;margin-left:49.5pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-22.5pt">·</kbd>€125,000 within 30 days of issue of a mining license in respect of all or any party of the tenement area; and </p> <p style="font:10pt Times New Roman;margin:0;margin-left:49.5pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-22.5pt">·</kbd>€125,000 within 30 days of commencement of construction of a mine within the tenement area. </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"><span style="border-bottom:1px solid #000000">Gold</span></p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:49.5pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-22.5pt">·</kbd>100 troy ounces within 30 days of commencement of commercial production (“CCP”); </p> <p style="font:10pt Times New Roman;margin:0;margin-left:49.5pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-22.5pt">·</kbd>175 troy ounces within 30 days of the one-year anniversary of CCP; </p> <p style="font:10pt Times New Roman;margin:0;margin-left:49.5pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-22.5pt">·</kbd>250 troy ounces within 30 days of the two-year anniversary of CCP; and </p> <p style="font:10pt Times New Roman;margin:0;margin-left:49.5pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-22.5pt">·</kbd>325 troy ounces within 30 days of the three-year anniversary of CCP. </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">On August 24, 2022, and subsequently confirmed via a Definitive Agreement (the “Agreement”) on May 2, 2023, the Company and Western Tethyan Resources (“WTR”) entered into an agreement in respect of the Slivova project. WTR is a private exploration company and is 75% owned by London AIM-listed Ariana Resources PLC. Pursuant to the Agreement, WTR can earn up to an 85% interest in the Slivova project. </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">The terms of the Agreement are as follows:</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <table style="border-collapse:collapse;width:504pt;margin-left:23.4pt"><tr><td style="width:168pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Date/Period</b></p> </td><td style="width:154pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Expenditures</b></p> </td><td style="width:102.65pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Option Payment</b></p> </td><td style="width:79.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Earn-in %</b></p> </td></tr> <tr><td style="width:168pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify">On September 1, 2022</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">(Effective Date)</p> </td><td style="width:154pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify">None</p> </td><td style="width:102.65pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify">€35,000 (received)</p> </td><td style="width:79.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> </td></tr> <tr><td style="width:168pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify">On or before March 1, 2023</p> </td><td style="width:154pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify">€100,000 (spent)</p> </td><td style="width:102.65pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify">None</p> </td><td style="width:79.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> </td></tr> <tr><td style="width:168pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify">On March 1, 2023</p> </td><td style="width:154pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify">None</p> </td><td style="width:102.65pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify">€35,000 (received)</p> </td><td style="width:79.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> </td></tr> <tr><td style="width:168pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify">On or before September 1, 2023</p> </td><td style="width:154pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify">€150,000 (spent)</p> </td><td style="width:102.65pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify">€30,000 (received)</p> </td><td style="width:79.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> </td></tr> <tr><td style="width:168pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify">On or before September 1, 2024</p> </td><td style="width:154pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify">€650,000</p> </td><td style="width:102.65pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify">None</p> </td><td style="width:79.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify">51% (Stage 1)</p> </td></tr> <tr><td style="width:168pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify">On or before September 1, 2025</p> </td><td style="width:154pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify">€1,000,000</p> </td><td style="width:102.65pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify">None</p> </td><td style="width:79.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify">75% (Stage 2)</p> </td></tr> </table> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">During Stage 1, the expenditures will be in respect of payments for exploration, drilling, baseline environmental and social surveys, and other payments to landowners.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">During Stage 2, the expenditures will be in respect of payments for a NI 43-101 resource estimation, commencement of full Environmental Impact Statement (“EIS”), and other exploration expenses.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">During fourth and fifth year from the Effective Date (Stage 3), WTR must complete the EIS, Feasibility Study (“FS”), and Mining License application to earn-in 85% interest in the project.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">During Stage 4, WTR will complete the Success Payments to the previous JV partner, Byrnecut (see “TS” above). </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">During Stage 5, the Company will participate in the mine build or dilute to 1% Net Smelter Return (“NSR”). </p> | |
| CY2023 | ifrs-full |
Disclosure Of Basis Of Consolidation Explanatory
DisclosureOfBasisOfConsolidationExplanatory
|
<p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt">a)</kbd>Basis of consolidation </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">These consolidated financial statements include the accounts of the Company and its subsidiaries as follows:</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <table style="border-collapse:collapse;width:432pt;margin-left:41.4pt"><tr><td style="width:184.5pt" valign="bottom"></td><td style="width:76.5pt;border-bottom:0.25pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center">% of ownership</p> </td><td style="width:90pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center">Jurisdiction</p> </td><td style="width:81pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center">Nature of operations</p> </td></tr> <tr><td style="width:184.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> </td><td style="width:76.5pt;border-top:0.25pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> </td><td style="width:90pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> </td><td style="width:81pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> </td></tr> <tr><td style="width:184.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-9pt;margin-left:9pt">MAEPA Empreendimentos Mineiros e Participacoes Lda </p> </td><td style="width:76.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center">100%</p> </td><td style="width:90pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center">Portugal</p> </td><td style="width:81pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center">Exploration</p> </td></tr> <tr><td style="width:184.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-9pt;margin-left:9pt;text-align:justify">Innomatik Exploration Kosovo LLC </p> </td><td style="width:76.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center">100%</p> </td><td style="width:90pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center">Kosovo</p> </td><td style="width:81pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center">Exploration</p> </td></tr> <tr><td style="width:184.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-9pt;margin-left:9pt;text-align:justify">AVU Kosova LLC</p> </td><td style="width:76.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center">100%</p> </td><td style="width:90pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center">Kosovo</p> </td><td style="width:81pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center">Exploration</p> </td></tr> <tr><td style="width:184.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-9pt;margin-left:9pt;text-align:justify">Akkerman Finland OY <span style="vertical-align:super">(1)</span></p> </td><td style="width:76.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center">49%</p> </td><td style="width:90pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center">Finland</p> </td><td style="width:81pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center">Exploration</p> </td></tr> </table> <p style="font:10pt Times New Roman;margin:0;margin-left:72pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-indent:-72pt;margin-left:108pt;text-align:justify"><span style="vertical-align:super">(1)</span> This company is accounted for using the equity method. </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">All subsidiaries are entities that are controlled, either directly or indirectly. Control is defined as the exposure, or rights, to variable returns from involvement with an investee and the ability to affect those returns through power over the investee. Power over an investee exists when the Company has existing rights that give it the ability to direct the activities that significantly affect the investee’s returns. This control is generally evidenced through owning more than 50% of the voting rights or currently exercisable potential voting rights of a company’s share capital. All of the intra-group balances and transactions, including unrealized profits and losses arising from intra-group transactions, have been eliminated in full. For subsidiaries that the Company controls, but does not own 100% of, the net assets and net profit attributable to outside shareholders are presented as amounts attributable to non-controlling interests in the consolidated statements of financial position and consolidated statements of comprehensive loss.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">Inter-company balances and transactions, including unrealized income and expenses arising from inter-company transactions, are eliminated in preparing the consolidated financial statements. </p> | |
| CY2023 | ifrs-full |
Disclosure Of Joint Ventures Explanatory
DisclosureOfJointVenturesExplanatory
|
<p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt">b)</kbd>Interests in Joint Arrangements </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">A joint arrangement can take the form of a joint venture or joint operation. All joint arrangements involve a contractual arrangement that establishes joint control, which exists only when decisions about the activities that significantly affect the returns of the investee require unanimous consent of the parties sharing control. A joint operation is a joint arrangement in which the Company has rights to the assets and obligations for the liabilities relating to the arrangement. A joint venture is a joint arrangement in which the Company has rights to only the net assets of the arrangement. </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">Joint ventures are accounted for in accordance with the policy “Investments in Associates and Joint Ventures.” Joint operations are accounted for by recognizing the Company’s share of the assets, liabilities, revenue, expenses and cash flows of the joint operation in the consolidated financial statements. </p> | |
| CY2023 | ifrs-full |
Disclosure Of Interests In Joint Arrangements Explanatory
DisclosureOfInterestsInJointArrangementsExplanatory
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<p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt">c)</kbd>Investments in Associates and Joint Ventures </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">Investments over which the Company exercises significant influence and which it does not control or jointly control are associates. Investments in associates are accounted for using the equity method, except when classified as held for sale. Investments in joint ventures as determined in accordance with the policy “Interests in Joint Arrangements” are also accounted for using the equity method. </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">The equity method involves recording the initial investment at cost and subsequently adjusting the carrying value of the investment for the Company’s proportionate share of the profit or loss, other comprehensive income or loss and any other changes in the associate’s or joint venture’s net assets. </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">The Company’s proportionate share of the associate’s or joint venture’s profit or loss and other comprehensive income or loss is based on its most recent financial statements. Adjustments are made to align any inconsistencies between the Company’s accounting policies and the associate’s or joint venture’s policies before applying the equity method. Adjustments are also made to account for depreciable assets based on their fair values at the acquisition date of the investment and for any impairment losses recognized by the associate or joint venture.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">If the Company’s share of the associate’s or joint venture’s losses equals or exceeds the investment in the associate or joint venture, recognition of further losses is discontinued. After the Company’s interest is reduced to zero, additional losses will be provided for and a liability recognized only to the extent that the Company has incurred legal or constructive obligations to provide additional funding or make payments on behalf of the associate or joint venture. If the associate or joint venture subsequently reports profits, the Company resumes recognizing its share of those profits only after its share of the profits equals the share of losses not recognized. </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">At each statement of financial position date, management considers whether there is objective evidence of impairment in associates and joint ventures. If there is such evidence, management determines if there is a need to record an impairment in relation to the associate or joint venture. </p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Foreign Currency Translation Explanatory
DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory
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<p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt">d)</kbd>Foreign currencies </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">The Company assesses functional currency on an entity by entity basis based on the related fact pattern; however, the presentation currency used in these consolidated financial statements is determined at management’s discretion.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">The currency of the parent company, and the presentation currency applicable to these consolidated financial statements, is the Canadian dollar.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">Transactions in currencies other than the functional currency are recorded at the rates of the exchange prevailing on dates of transactions. At each financial position reporting date, monetary assets and liabilities that are denominated in foreign currencies are translated at the rates prevailing at each reporting date. Non-monetary items denominated in foreign currencies that are measured at fair value are retranslated to the functional currency at the exchange rate at the date the fair value was determined. Non-monetary items that are measured in terms of historical cost in a foreign currency are not retranslated.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">The Company has determined that the functional currency of its wholly-owned subsidiaries in Europe is the Euro. Exchange differences arising from the translation of the subsidiaries’ functional currencies into the Company’s presentation currency are taken directly to the exchange reserve.</p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Exploration And Evaluation Expenditures
DescriptionOfAccountingPolicyForExplorationAndEvaluationExpenditures
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<p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt">e)</kbd>Exploration and evaluation assets and expenditures </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">Exploration and evaluation expenditures include the costs of acquiring licenses, costs associated with exploration and evaluation activity, and the fair value (at acquisition date) of exploration and evaluation assets acquired in a business combination. Exploration and evaluation expenditures are expensed as incurred except for expenditures associated with the acquisition of exploration and evaluation assets through a business combination or asset acquisition which are recognized as assets. Costs incurred before the Company has obtained the legal rights to explore an area are recognized in the consolidated statement of comprehensive loss.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">Capitalized costs, including general and administrative costs, are only allocated to the extent that these costs can be related directly to operational activities in the relevant area of interest where they are considered likely to be recoverable by future exploitation or sale or where the activities have not reached a stage which permits a reasonable assessment of the existence of reserves.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">Exploration and evaluation assets are assessed for impairment if (i) sufficient data exists to determine technical feasibility and commercial viability, and (ii) facts and circumstances suggest that the carrying amount exceeds the recoverable amount.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">Once the technical feasibility and commercial viability of the extraction of mineral resources in an area of interest are demonstrable, exploration and evaluation assets attributable to that area are first tested for impairment and then reclassified to mining property and development assets within property, plant and equipment.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">Recoverability of the carrying amount of the exploration and evaluation assets is dependent on successful development and commercial exploitation, or alternatively, sale of the respective areas of interest.</p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Sharebased Payment Transactions Explanatory
DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory
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<p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt">f)</kbd>Share-based payment transactions </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">The share option plan allows the Company’s employees and consultants to acquire shares of the Company. The fair value of options granted is recognized as a share-based payment expense with a corresponding increase in equity. An individual is classified as an employee when the individual is an employee for legal or tax purposes (direct employee) or provides services similar to those performed by a direct employee.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">The fair value is measured at grant date and each tranche is recognized on a graded-vesting basis over the period during which the options vest. The fair value of the options granted is measured using the Black-Scholes option pricing model taking into account the terms and conditions upon which the options were granted. At each statement of financial position reporting date, the amount recognized as an expense is adjusted to reflect the actual number of share options that are expected to vest.</p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Earnings Per Share Explanatory
DescriptionOfAccountingPolicyForEarningsPerShareExplanatory
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<p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt">g)</kbd>Earnings (Loss) per share </p> <p style="font:10pt Times New Roman;margin:0;margin-left:40.5pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">The Company presents the basic and diluted earnings (loss) per share data for its common shares, calculated by dividing the income (loss) attributable to common shareholders of the Company by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share is determined by adjusting the income (loss) attributable to common shareholders and the weighted average number of common shares outstanding for the effects of all dilutive potential common shares. In the Company’s case, diluted earnings (loss) per share is the same as basic earnings (loss) per share as the effects of including all outstanding options and warrants would be anti-dilutive.</p> | |
| CY2023 | ifrs-full |
Disclosure Of Accounting Judgements And Estimates Explanatory
DisclosureOfAccountingJudgementsAndEstimatesExplanatory
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<p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt">h)</kbd>Significant accounting judgments and estimates </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">The preparation of these consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and reported amounts of expenses during the reporting period. Actual outcomes could differ from these estimates. These consolidated financial statements include estimates which, by their nature, are uncertain. The impacts of such estimates are pervasive throughout these consolidated financial statements, and may require accounting adjustments based on future occurrences. Revisions to accounting estimates are recognized in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and further periods if the revision affects both current and future periods.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">Significant assumptions about the future and other sources of estimation uncertainty that management has made at the consolidated statement of financial position date, that could result in a material adjustment to the carrying amounts of assets and liabilities, in the event that actual results differ from assumptions made, relate to, but are not limited to, the following: </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-indent:-36pt;margin-left:72pt;text-align:justify"><span style="border-bottom:1px solid #000000">Critical judgments</span></p> <p style="font:10pt Times New Roman;margin:0;margin-left:72pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:58.5pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-22.5pt">·</kbd>The analysis of the functional currency for each entity of the Company. In concluding that the Canadian dollar is the functional currency of the parent, management considered both the funds from financing activities and the currency in which goods and services are paid. The functional currency of its wholly-owned subsidiaries in Europe is the Euro as management considered the currencies which mainly influence the cost of providing goods and services in those subsidiaries. The Company chooses to report in Canadian dollar as the presentation currency; </p> <p style="font:10pt Times New Roman;margin:0;margin-left:58.5pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-22.5pt">·</kbd>The assessment of indications of impairment of each mineral property and related determination of the net realized value and write-down of those properties where applicable; </p> <p style="font:10pt Times New Roman;margin:0;margin-left:58.5pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-22.5pt">·</kbd>The determination that the Company will continue as a going concern for the next year; and </p> <p style="font:10pt Times New Roman;margin:0;margin-left:58.5pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-22.5pt">·</kbd>The accounting for investments in other companies can vary depending on the degree of control and influence over those other companies. Management is required to assess at each reporting date the Company’s control and influence over these other companies. Management has used its judgment to determine which companies are controlled and require consolidation and those which are significantly influenced and require equity accounting. </p> <p style="font:10pt Times New Roman;margin:0;margin-left:81pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-22.5pt">·</kbd>The Company’s interest in PorMining is less than 50%, therefore it does not have the current ability to control the key operating activities of the company. Pursuant to the Shareholders’ Agreement entered into by the companies, MAEPA, a wholly-owned subsidiary of the Company, was appointed operator during the Phase I period and the board of directors of PorMining is comprised of three directors appointed by SMP and two by MAEPA. The operator prepares and submits annual budgets and programs to the board for approval. Management has determined that the Company does not have significant influence over PorMining. Accordingly, the investment in PorMining is accounted for at cost and not as an investment in associate (Note 5). </p> <p style="font:10pt Times New Roman;margin:0;margin-left:81pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-22.5pt">·</kbd>The Company’s interest in AFOy is less than 50%, therefore it does not have the current ability to control the key operating activities of the company. However, pursuant to the Share Purchase Agreement entered into by the companies, the board of directors of AFOy is comprised of one director appointed by the Company and one director by AEBv. Despite the operator being AEBv, the Company provides the necessary funding as part of the earn-in and therefore can influence AFOy’s annual budgets and exploration programs. Management has determined that the Company has significant influence over AFOy and accordingly, the investment in AFOy is accounted for as an investment in associate (Note 7). </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><span style="border-bottom:1px solid #000000">Significant estimates</span></p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">The estimate that 50% of the tax deposits will be recovered within one to two years.</p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Provisions Explanatory
DescriptionOfAccountingPolicyForProvisionsExplanatory
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<p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt">i)</kbd>Provisions </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">Provisions are recognized in the consolidated statement of financial position when the Company has a legal or constructive obligation as a result of past events and it is probable that an outflow of economic benefit will be required to settle the obligation. If the effect is material, provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and, where appropriate, the risks specific to the liability.</p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Financial Instruments Explanatory
DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory
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<p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt">j)</kbd>Financial instruments </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">The following financial assets are classified as measured at amortized cost - cash, due from optionee, advance to related party, certain other receivables and property deposits. </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">The following financial liabilities are classified as measured at amortized cost – accounts payable and accrued liabilities and due to related parties.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">The classification of financial assets is based on how an entity manages its financial instruments and the contractual cash flow characteristics of the financial asset. Transaction costs with respect to financial instruments classified as fair value through profit or loss are recognized as an adjustment to the cost of the underlying instruments.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">The Company’s financial assets are classified into one of the following two measurement categories: </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">Financial assets held within a business model for the purpose of collecting contractual cash flows (“held to collect”) that represent solely payments of principal and interest (“SPPI”) are measured at amortized cost. Financial assets held within a business model where assets are both held for the purpose of collecting contractual cash flows or sold prior to maturity and the contractual cash flows represent solely payments of principal and interest are measured at FVPL.</p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Income Tax Explanatory
DescriptionOfAccountingPolicyForIncomeTaxExplanatory
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<p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt">k)</kbd>Income taxes </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">Income tax on the profit or loss for the periods presented comprises current and deferred tax. Income tax is recognized in profit or loss except to the extent that it relates to items recognized directly in equity, in which case it is recognized in equity.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">Current tax expense is the expected tax payable on the taxable income for the year, using tax rates enacted or substantively enacted at period end, adjusted for amendments to tax payable with regards to previous years.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">Deferred tax is recorded using the statement of financial position liability method, providing for temporary differences, between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. The following temporary differences are not provided for: goodwill not deductible for tax purposes; the initial recognition of assets or liabilities that affect neither accounting or taxable loss; nor differences relating to investments in subsidiaries to the extent that they will probably not reverse in the foreseeable future. The amount of deferred tax provided is based on the expected manner of realization or settlement of the carrying amount of assets and liabilities, using tax rates enacted or substantively enacted that are expected to apply when temporary differences are expected to settle. </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">A deferred tax asset is recognized only to the extent that it is probable that future taxable profits will be available against which the asset can be utilised. To the extent that the Company does not consider it probable that a future tax asset will be recovered, it provides a valuation allowance against that excess.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">Additional income taxes that arise from the distribution of dividends are recognized at the same time as the liability to pay the related dividend.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when they relate to income taxes levied by the same taxation authority and the Company intends to settle its current tax assets and liabilities on a net basis.</p> | |
| CY2023 | ifrs-full |
Description Of Expected Impact Of Initial Application Of New Standards Or Interpretations
DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations
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<p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt">l)</kbd>New accounting standards and interpretations </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">There were no new accounting standards and interpretations which had a material impact on adoption during the year ended December 31, 2023.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">Pronouncements that are not applicable or that do not have a significant impact on the Company have not been included in these consolidated financial statements.</p> | |
| CY2022Q4 | fil |
Exploration And Evaluation Assets Acquisition Costs
ExplorationAndEvaluationAssetsAcquisitionCosts
|
167920 | cad |
| CY2023Q4 | fil |
Exploration And Evaluation Assets Acquisition Costs
ExplorationAndEvaluationAssetsAcquisitionCosts
|
167920 | cad |
| CY2023 | fil |
Mineral Exploration Expenses
MineralExplorationExpenses
|
-415960 | cad |
| CY2023Q4 | fil |
Cumulative Mineral Exploration Expenses Since Acquisition
CumulativeMineralExplorationExpensesSinceAcquisition
|
6072900 | cad |
| CY2021Q4 | fil |
Exploration And Evaluation Assets Acquisition Costs
ExplorationAndEvaluationAssetsAcquisitionCosts
|
167920 | cad |
| CY2022Q4 | fil |
Exploration And Evaluation Assets Acquisition Costs
ExplorationAndEvaluationAssetsAcquisitionCosts
|
167920 | cad |
| CY2022 | fil |
Mineral Exploration Expenses
MineralExplorationExpenses
|
-330014 | cad |
| CY2022Q4 | fil |
Cumulative Mineral Exploration Expenses Since Acquisition
CumulativeMineralExplorationExpensesSinceAcquisition
|
6488860 | cad |
| CY2023Q4 | fil |
Due From Related Parties1
DueFromRelatedParties1
|
18409 | cad |
| CY2022Q4 | fil |
Due From Related Parties1
DueFromRelatedParties1
|
12811 | cad |
| CY2020Q4 | fil |
Slivovo License Writeoff
SlivovoLicenseWriteoff
|
143154 | cad |
| CY2023 | ifrs-full |
Disclosure Of Deposits From Banks Explanatory
DisclosureOfDepositsFromBanksExplanatory
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<p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt"><b>6. </b></kbd><b>PROPERTY DEPOSITS / TAX DEPOSITS</b> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"><span style="border-bottom:1px solid #000000">Property deposits</span>:</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">As of December 31, 2023, the Company had a total of $Nil (€Nil) (December 31, 2022: $1,446 (€1,000)) of cash pledged for its exploration licenses in Portugal. The advances to the Portuguese regulatory authorities were refundable to the Company, subject to completion of the work obligations described in the exploration license applications.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"><span style="border-bottom:1px solid #000000">Tax deposits</span>:</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">In November 2018, MAEPA paid €56,505 ($88,201) in lieu of bank guarantees of €77,918 ($121,625) to the Directora de Finanças de Braga in Portugal. This amount was comprised of €51,920 ($81,044) in respect of stamp tax and €4,585 ($7,157) in respect of VAT. The stamp tax portion relates to the interpretation that intercompany advances received by MAEPA are financing loans and, accordingly, are subject to stamp tax. The VAT portion relates to certain invoices for vehicle usage and construction services. As of December 31, 2019, the Company estimated that the judicial review process would take approximately one year for the VAT claim and three to five years for the stamp tax claim and that the likelihood of success for each was 50%. As a result, tax deposits were written down by $41,200 (€28,252) during the year ended December 31, 2019. During 2020, the judicial review ruled that approximately €1,971 VAT remained to be paid while the rest were annulled. The Company accepted this ruling. The Company is still waiting for a trial date regarding the stamp tax and it is estimated that the process can take another one to two years.</p> | |
| CY2023Q4 | fil |
Pledged For Its Exploration Licenses In Portugal
PledgedForItsExplorationLicensesInPortugal
|
0 | cad |
| CY2022Q4 | fil |
Pledged For Its Exploration Licenses In Portugal
PledgedForItsExplorationLicensesInPortugal
|
1446 | cad |
| CY2023Q4 | fil |
Summarized Financial Information Of Afoy Current Assets
SummarizedFinancialInformationOfAfoyCurrentAssets
|
13595 | cad |
| CY2022Q4 | fil |
Summarized Financial Information Of Afoy Current Assets
SummarizedFinancialInformationOfAfoyCurrentAssets
|
101996 | cad |
| CY2023Q4 | fil |
Summarized Financial Information Of Afoy Non Current Assets
SummarizedFinancialInformationOfAfoyNonCurrentAssets
|
380786 | cad |
| CY2022Q4 | fil |
Summarized Financial Information Of Afoy Non Current Assets
SummarizedFinancialInformationOfAfoyNonCurrentAssets
|
263796 | cad |
| CY2023Q4 | fil |
Summarized Financial Information Of Afoy Current Liabilities
SummarizedFinancialInformationOfAfoyCurrentLiabilities
|
11898 | cad |
| CY2022Q4 | fil |
Summarized Financial Information Of Afoy Current Liabilities
SummarizedFinancialInformationOfAfoyCurrentLiabilities
|
4264 | cad |
| CY2023Q4 | fil |
Summarized Financial Information Of Afoy Non Current Liabilities
SummarizedFinancialInformationOfAfoyNonCurrentLiabilities
|
606979 | cad |
| CY2022Q4 | fil |
Summarized Financial Information Of Afoy Non Current Liabilities
SummarizedFinancialInformationOfAfoyNonCurrentLiabilities
|
527717 | cad |
| CY2023 | fil |
Summarized Financial Information Of Afoy Loss For The Year
SummarizedFinancialInformationOfAfoyLossForTheYear
|
56264 | cad |
| CY2022 | fil |
Summarized Financial Information Of Afoy Loss For The Year
SummarizedFinancialInformationOfAfoyLossForTheYear
|
128517 | cad |
| CY2023 | ifrs-full |
Disclosure Of Share Capital Reserves And Other Equity Interest Explanatory
DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory
|
<p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt"><b>8. </b></kbd><b>CAPITAL AND RESERVES</b> </p> <p style="font:10pt Times New Roman;margin:0"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:54pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-36pt">(a)</kbd><kbd style="margin-left:-18pt"></kbd>Authorized: </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">At December 31, 2023, the authorized share capital was comprised of an unlimited number of common shares. The common shares do not have a par value. All issued shares are fully paid.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:76.5pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-58.5pt">(b)</kbd><kbd style="margin-left:-40.5pt"></kbd>Share issuances: </p> <p style="font:10pt Times New Roman;margin:0;text-indent:-45pt;margin-left:76.5pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:49.5pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-13.5pt">i.</kbd>On February 28, 2022, the Company completed a non-brokered private placement by issuing 16,666,667 units (“Unit”) at a price of $0.075 per Unit for gross proceeds of $1,250,000. Each Unit consists of one common share and one non-transferable warrant. Each warrant entitles the holder to purchase one additional common share at a price of $0.125 until February 28, 2025. The warrants were ascribed a value of $554,525. The Company paid finder’s fee of $30,938 and issued 412,500 finder’s warrants. Each finder’s warrant is exercisable into one common share at $0.075 until August 28, 2023. These finder’s warrants were ascribed a value of $19,841. The Company incurred additional share issue costs in the amount of $29,478 in connection with the financing. </p> <p style="font:10pt Times New Roman;margin:0;margin-left:72pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:49.5pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-13.5pt">ii.</kbd>On February 28, 2022, the Company issued 3,800,000 shares at a price of $0.075 per share to settle outstanding debt for $285,000. </p> <p style="font:10pt Times New Roman;margin:0;text-indent:-13.5pt;margin-left:49.5pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:49.5pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-13.5pt">iii.</kbd>On March 3, 2022, the Company issued 1,470,000 shares to earn an initial 49% interest in AFOy (Note 7). </p> <p style="font:10pt Times New Roman;margin:0;margin-left:76.5pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-58.5pt">(c)</kbd><kbd style="margin-left:-40.5pt"></kbd>Share Purchase Option Compensation Plan: </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">The Company has established a stock option plan whereby the Company may grant options to directors, officers, employees and consultants of up to 10% of the common shares outstanding at the time of grant. The exercise price, term and vesting period of each option are determined by the board of directors within regulatory guidelines. </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">Stock option transactions and the number of stock options for the year ended December 31, 2023 are summarized as follows: </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <table style="margin:0 auto;border-collapse:collapse;width:518.35pt"><tr style="height:1pt"><td style="width:33.35pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:99.95pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:44pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Exercise</p> </td><td style="width:66pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">December 31,</p> </td><td style="width:60pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:13.05pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:62pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:66pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">Expired/</p> </td><td style="width:74pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">December 31,</p> </td></tr> <tr style="height:1pt"><td style="width:33.35pt" valign="bottom"></td><td style="width:99.95pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Expiry date</p> </td><td style="width:44pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">price</p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">2022</p> </td><td style="width:60pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center">Granted</p> </td><td style="width:13.05pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center"> </p> </td><td style="width:62pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">Exercised</p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">cancelled</p> </td><td style="width:74pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">2023</p> </td></tr> <tr style="height:1pt"><td style="width:33.35pt" valign="bottom"></td><td style="width:99.95pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0">March 14, 2023 </p> </td><td style="width:44pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.40 </p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">450,000</p> </td><td style="width:60pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:13.05pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:62pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">(450,000)</p> </td><td style="width:74pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td></tr> <tr style="height:1pt"><td style="width:33.35pt" valign="bottom"></td><td style="width:99.95pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0">March 26, 2023</p> </td><td style="width:44pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.40 </p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">10,000</p> </td><td style="width:60pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:13.05pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:62pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">(10,000)</p> </td><td style="width:74pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td></tr> <tr style="height:1pt"><td style="width:33.35pt" valign="bottom"></td><td style="width:99.95pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0">January 7, 2024 <span style="vertical-align:super">(1)</span></p> </td><td style="width:44pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.20 </p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">45,750</p> </td><td style="width:60pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:13.05pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:62pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:74pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">45,750</p> </td></tr> <tr style="height:1pt"><td style="width:33.35pt" valign="bottom"></td><td style="width:99.95pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0">March 14, 2027</p> </td><td style="width:44pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.08</p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">1,575,000</p> </td><td style="width:60pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:13.05pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:62pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:74pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">1,575,000</p> </td></tr> <tr style="height:1pt"><td style="width:33.35pt" valign="bottom"></td><td style="width:99.95pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Options outstanding </p> </td><td style="width:44pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">2,080,750</p> </td><td style="width:60pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:13.05pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:62pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">(460,000)</p> </td><td style="width:74pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">1,620,750</p> </td></tr> <tr style="height:1pt"><td style="width:33.35pt" valign="bottom"></td><td style="width:99.95pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin-top:3pt;margin-bottom:3pt">Options exercisable</p> </td><td style="width:44pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin-top:3pt;margin-bottom:3pt"> </p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin-top:3pt;margin-bottom:3pt;text-align:right">2,080,750</p> </td><td style="width:60pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin-top:3pt;margin-bottom:3pt;text-align:right">-</p> </td><td style="width:13.05pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin-top:3pt;margin-bottom:3pt;text-align:right"> </p> </td><td style="width:62pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin-top:3pt;margin-bottom:3pt;text-align:right">-</p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin-top:3pt;margin-bottom:3pt;text-align:right">(460,000)</p> </td><td style="width:74pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin-top:3pt;margin-bottom:3pt;text-align:right">1,620,750</p> </td></tr> <tr style="height:1pt"><td style="width:33.35pt" valign="bottom"></td><td style="width:99.95pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Weighted average exercise price</p> </td><td style="width:44pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:66pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.15</p> </td><td style="width:60pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$Nil</p> </td><td style="width:13.05pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:62pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$Nil</p> </td><td style="width:66pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.40</p> </td><td style="width:74pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.08</p> </td></tr> </table> <p style="font:4pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt"><span style="vertical-align:super">(1)</span></kbd><kbd style="margin-left:13.5pt"></kbd>Subsequent to December 31, 2023, 45,750 options expired unexercised. </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">As of December 31, 2023, the weighted average contractual remaining life is 3.11 years (December 31, 2022 – 3.25 years).</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">Stock option transactions and the number of stock options for the year ended December 31, 2022 are summarized as follows: </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <table style="margin:0 auto;border-collapse:collapse;width:522.85pt"><tr style="height:1pt"><td style="width:37.85pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:99.95pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:44pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Exercise</p> </td><td style="width:66pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">December 31,</p> </td><td style="width:60pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:13.05pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:62pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:66pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">Expired/</p> </td><td style="width:74pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">December 31,</p> </td></tr> <tr style="height:1pt"><td style="width:37.85pt" valign="bottom"></td><td style="width:99.95pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Expiry date</p> </td><td style="width:44pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">price</p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">2021</p> </td><td style="width:60pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center">Granted</p> </td><td style="width:13.05pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center"> </p> </td><td style="width:62pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">Exercised</p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">cancelled</p> </td><td style="width:74pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">2022</p> </td></tr> <tr style="height:1pt"><td style="width:37.85pt" valign="bottom"></td><td style="width:99.95pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0">April 26, 2022</p> </td><td style="width:44pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.40 </p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">327,500</p> </td><td style="width:60pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:13.05pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:62pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">(327,500)</p> </td><td style="width:74pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td></tr> <tr style="height:1pt"><td style="width:37.85pt" valign="bottom"></td><td style="width:99.95pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0">March 14, 2023</p> </td><td style="width:44pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.40 </p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">450,000</p> </td><td style="width:60pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:13.05pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:62pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:74pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">450,000</p> </td></tr> <tr style="height:1pt"><td style="width:37.85pt" valign="bottom"></td><td style="width:99.95pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0">March 26, 2023</p> </td><td style="width:44pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.40 </p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">10,000</p> </td><td style="width:60pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:13.05pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:62pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:74pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">10,000</p> </td></tr> <tr style="height:1pt"><td style="width:37.85pt" valign="bottom"></td><td style="width:99.95pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0">January 7, 2024</p> </td><td style="width:44pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.20 </p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">45,750</p> </td><td style="width:60pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:13.05pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:62pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:74pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">45,750</p> </td></tr> <tr style="height:1pt"><td style="width:37.85pt" valign="bottom"></td><td style="width:99.95pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0">March 14, 2027</p> </td><td style="width:44pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.08</p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:60pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">1,575,000</p> </td><td style="width:13.05pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:62pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:74pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">1,575,000</p> </td></tr> <tr style="height:1pt"><td style="width:37.85pt" valign="bottom"></td><td style="width:99.95pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Options outstanding </p> </td><td style="width:44pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">833,250</p> </td><td style="width:60pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">1,575,000</p> </td><td style="width:13.05pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:62pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">(327,500)</p> </td><td style="width:74pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">2,080,750</p> </td></tr> <tr style="height:1pt"><td style="width:37.85pt" valign="bottom"></td><td style="width:99.95pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin-top:3pt;margin-bottom:3pt">Options exercisable</p> </td><td style="width:44pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin-top:3pt;margin-bottom:3pt"> </p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin-top:3pt;margin-bottom:3pt;text-align:right">833,250</p> </td><td style="width:60pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin-top:3pt;margin-bottom:3pt;text-align:right">1,575,000</p> </td><td style="width:13.05pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin-top:3pt;margin-bottom:3pt;text-align:right"> </p> </td><td style="width:62pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin-top:3pt;margin-bottom:3pt;text-align:right">-</p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin-top:3pt;margin-bottom:3pt;text-align:right">(327,500)</p> </td><td style="width:74pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin-top:3pt;margin-bottom:3pt;text-align:right">2,080,750</p> </td></tr> <tr style="height:1pt"><td style="width:37.85pt" valign="bottom"></td><td style="width:99.95pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Weighted average exercise price</p> </td><td style="width:44pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:66pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.39</p> </td><td style="width:60pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.08</p> </td><td style="width:13.05pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:62pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$Nil</p> </td><td style="width:66pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.40</p> </td><td style="width:74pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.15</p> </td></tr> </table> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">Stock option transactions and the number of stock options for the year ended December 31, 2021 are summarized as follows:</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <table style="margin:0 auto;border-collapse:collapse;width:527.35pt"><tr style="height:1pt"><td style="width:42.35pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:99.95pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:44pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Exercise</p> </td><td style="width:66pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">December 31,</p> </td><td style="width:60pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:13.05pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:62pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:66pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">Expired/</p> </td><td style="width:74pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">December 31,</p> </td></tr> <tr style="height:1pt"><td style="width:42.35pt" valign="bottom"></td><td style="width:99.95pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Expiry date</p> </td><td style="width:44pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">price</p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">2020</p> </td><td style="width:60pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center">Granted</p> </td><td style="width:13.05pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center"> </p> </td><td style="width:62pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">Exercised</p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">cancelled</p> </td><td style="width:74pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">2021</p> </td></tr> <tr style="height:1pt"><td style="width:42.35pt" valign="bottom"></td><td style="width:99.95pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0">September 26, 2021</p> </td><td style="width:44pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.72 </p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">393,750</p> </td><td style="width:60pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:13.05pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:62pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">(393,750)</p> </td><td style="width:74pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td></tr> <tr style="height:1pt"><td style="width:42.35pt" valign="bottom"></td><td style="width:99.95pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0">April 26, 2022</p> </td><td style="width:44pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.40 </p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">327,500</p> </td><td style="width:60pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:13.05pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:62pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:74pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">327,500</p> </td></tr> <tr style="height:1pt"><td style="width:42.35pt" valign="bottom"></td><td style="width:99.95pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0">March 14, 2023</p> </td><td style="width:44pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.40 </p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">450,000</p> </td><td style="width:60pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:13.05pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:62pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:74pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">450,000</p> </td></tr> <tr style="height:1pt"><td style="width:42.35pt" valign="bottom"></td><td style="width:99.95pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0">March 26, 2023</p> </td><td style="width:44pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.40 </p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">10,000</p> </td><td style="width:60pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:13.05pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:62pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:74pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">10,000</p> </td></tr> <tr style="height:1pt"><td style="width:42.35pt" valign="bottom"></td><td style="width:99.95pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0">January 7, 2024</p> </td><td style="width:44pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.20 </p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">45,750</p> </td><td style="width:60pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:13.05pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:62pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:74pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">45,750</p> </td></tr> <tr style="height:1pt"><td style="width:42.35pt" valign="bottom"></td><td style="width:99.95pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Options outstanding </p> </td><td style="width:44pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">1,227,000</p> </td><td style="width:60pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:13.05pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:62pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">(393,750)</p> </td><td style="width:74pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">833,250</p> </td></tr> <tr style="height:1pt"><td style="width:42.35pt" valign="bottom"></td><td style="width:99.95pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin-top:3pt;margin-bottom:3pt">Options exercisable</p> </td><td style="width:44pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin-top:3pt;margin-bottom:3pt"> </p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin-top:3pt;margin-bottom:3pt;text-align:right">1,227,000</p> </td><td style="width:60pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin-top:3pt;margin-bottom:3pt;text-align:right">-</p> </td><td style="width:13.05pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin-top:3pt;margin-bottom:3pt;text-align:right"> </p> </td><td style="width:62pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin-top:3pt;margin-bottom:3pt;text-align:right">-</p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin-top:3pt;margin-bottom:3pt;text-align:right">(393,750)</p> </td><td style="width:74pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin-top:3pt;margin-bottom:3pt;text-align:right">833,250</p> </td></tr> <tr style="height:1pt"><td style="width:42.35pt" valign="bottom"></td><td style="width:99.95pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Weighted average exercise price</p> </td><td style="width:44pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:66pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.50</p> </td><td style="width:60pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$Nil</p> </td><td style="width:13.05pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:62pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$Nil</p> </td><td style="width:66pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.72</p> </td><td style="width:74pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.39</p> </td></tr> </table> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">The weighted average assumptions used to estimate the fair value of options for the years ended December 31, 2023, 2022 and 2021 were:</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <table style="border-collapse:collapse;width:441pt;margin-left:41.4pt"><tr><td style="width:184.5pt;border-top:1.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"></td><td style="width:85.5pt;border-top:1.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">2023</p> </td><td style="width:85.5pt;border-top:1.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">2022</p> </td><td style="width:85.5pt;border-top:1.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">2021</p> </td></tr> <tr><td style="width:184.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Risk-free interest rate</p> </td><td style="width:85.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">n/a</p> </td><td style="width:85.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">1.34%</p> </td><td style="width:85.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">n/a</p> </td></tr> <tr><td style="width:184.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Expected life</p> </td><td style="width:85.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">n/a</p> </td><td style="width:85.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">5 years</p> </td><td style="width:85.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">n/a</p> </td></tr> <tr><td style="width:184.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Expected volatility</p> </td><td style="width:85.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">n/a</p> </td><td style="width:85.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">144.13%</p> </td><td style="width:85.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">n/a</p> </td></tr> <tr><td style="width:184.5pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Expected dividend yield</p> </td><td style="width:85.5pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">n/a</p> </td><td style="width:85.5pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">Nil</p> </td><td style="width:85.5pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">n/a</p> </td></tr> </table> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">Option pricing models require the input of highly subjective assumptions including the expected price volatility. Changes in the subjective input assumptions can materially affect the fair value estimate, and therefore the existing models do not necessarily provide a reliable measure of the fair value of the Company’s share purchase options.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:76.5pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-58.5pt">(d)</kbd><kbd style="margin-left:-40.5pt"></kbd>Finder’s Options: </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">The continuity of finder’s options for the year ended December 31, 2023 is as follows:</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <table style="margin:0 auto;border-collapse:collapse;width:509.4pt"><tr style="height:1pt"><td style="width:33.35pt" valign="top"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:99.95pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:44pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Exercise</p> </td><td style="width:66pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">December 31,</p> </td><td style="width:51.05pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:13.05pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:62pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:66pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:74pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">December 31,</p> </td></tr> <tr style="height:1pt"><td style="width:33.35pt" valign="top"></td><td style="width:99.95pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Expiry date</p> </td><td style="width:44pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">price</p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">2022</p> </td><td style="width:51.05pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">Issued</p> </td><td style="width:13.05pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:62pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">Exercised</p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">Expired</p> </td><td style="width:74pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">2023</p> </td></tr> <tr style="height:1pt"><td style="width:33.35pt" valign="top"></td><td style="width:99.95pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">August 28, 2023</p> </td><td style="width:44pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.075</p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">412,500</p> </td><td style="width:51.05pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:13.05pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:62pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">(412,500)</p> </td><td style="width:74pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td></tr> <tr style="height:1pt"><td style="width:33.35pt" valign="top"></td><td style="width:99.95pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Outstanding</p> </td><td style="width:44pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">412,500</p> </td><td style="width:51.05pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:13.05pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:62pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">(412,500)</p> </td><td style="width:74pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td></tr> <tr style="height:1pt"><td style="width:33.35pt" valign="top"></td><td style="width:99.95pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Weighted average exercise price</p> </td><td style="width:44pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:66pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.075</p> </td><td style="width:51.05pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$Nil</p> </td><td style="width:13.05pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:62pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$Nil</p> </td><td style="width:66pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.075</p> </td><td style="width:74pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$Nil</p> </td></tr> </table> <p style="font:10pt Times New Roman;margin:0;text-indent:-36.55pt;margin-left:72pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">As of December 31, 2023, the weighted average contractual remaining life is Nil years (December 31, 2022 – 0.66 years).</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">The continuity of finder’s options for the year ended December 31, 2022 is as follows:</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <table style="margin:0 auto;border-collapse:collapse;width:509.4pt"><tr style="height:1pt"><td style="width:33.35pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:99.95pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:44pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Exercise</p> </td><td style="width:66pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">December 31,</p> </td><td style="width:51.05pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:13.05pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:62pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:66pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:74pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">December 31,</p> </td></tr> <tr style="height:1pt"><td style="width:33.35pt" valign="bottom"></td><td style="width:99.95pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Expiry date</p> </td><td style="width:44pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">price</p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">2021</p> </td><td style="width:51.05pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">Issued</p> </td><td style="width:13.05pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:62pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">Exercised</p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">Expired</p> </td><td style="width:74pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">2022</p> </td></tr> <tr style="height:1pt"><td style="width:33.35pt" valign="bottom"></td><td style="width:99.95pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">August 28, 2023</p> </td><td style="width:44pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.075</p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:51.05pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">412,500</p> </td><td style="width:13.05pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:62pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:74pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">412,500</p> </td></tr> <tr style="height:1pt"><td style="width:33.35pt" valign="bottom"></td><td style="width:99.95pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Outstanding</p> </td><td style="width:44pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:51.05pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">412,500</p> </td><td style="width:13.05pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:62pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:74pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">412,500</p> </td></tr> <tr style="height:1pt"><td style="width:33.35pt" valign="bottom"></td><td style="width:99.95pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Weighted average exercise price</p> </td><td style="width:44pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:66pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$Nil</p> </td><td style="width:51.05pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.075</p> </td><td style="width:13.05pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:62pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$Nil</p> </td><td style="width:66pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$Nil</p> </td><td style="width:74pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.075</p> </td></tr> </table> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">The weighted average assumptions used to estimate the fair value of finder’s options for the years ended December 31, 2023, 2022 and 2021 were:</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <table style="border-collapse:collapse;width:472.5pt;margin-left:41.4pt"><tr><td style="width:216pt;border-top:1.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"></td><td style="width:85.5pt;border-top:1.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">2023</p> </td><td style="width:85.5pt;border-top:1.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">2022</p> </td><td style="width:85.5pt;border-top:1.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">2021</p> </td></tr> <tr><td style="width:216pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Risk-free interest rate</p> </td><td style="width:85.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">n/a</p> </td><td style="width:85.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">0.49%</p> </td><td style="width:85.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">n/a</p> </td></tr> <tr><td style="width:216pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Expected life</p> </td><td style="width:85.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">n/a</p> </td><td style="width:85.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">1.5 years</p> </td><td style="width:85.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">n/a</p> </td></tr> <tr><td style="width:216pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Expected volatility</p> </td><td style="width:85.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">n/a</p> </td><td style="width:85.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">149.50%</p> </td><td style="width:85.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">n/a</p> </td></tr> <tr><td style="width:216pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Expected dividend yield</p> </td><td style="width:85.5pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">n/a</p> </td><td style="width:85.5pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">Nil</p> </td><td style="width:85.5pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">n/a</p> </td></tr> </table> <p style="font:10pt Times New Roman;margin:0"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:76.5pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-58.5pt">(e)</kbd><kbd style="margin-left:-40.5pt"></kbd>Warrants: </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-indent:-18pt;margin-left:54pt;text-align:justify">The continuity of warrants for the year ended December 31, 2023 is as follows:</p> <p style="font:10pt Times New Roman;margin:0;text-indent:-18pt;margin-left:54pt;text-align:justify"> </p> <table style="margin:0 auto;border-collapse:collapse;width:519.85pt"><tr style="height:1pt"><td style="width:42.35pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:99.95pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:44pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Exercise</p> </td><td style="width:66pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">December 31,</p> </td><td style="width:60pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:13.05pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:54.5pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:66pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:74pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">December 31,</p> </td></tr> <tr style="height:1pt"><td style="width:42.35pt" valign="bottom"></td><td style="width:99.95pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Expiry date</p> </td><td style="width:44pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">price</p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">2022</p> </td><td style="width:60pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center">Issued</p> </td><td style="width:13.05pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center"> </p> </td><td style="width:54.5pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">Exercised</p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">Expired</p> </td><td style="width:74pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">2023</p> </td></tr> <tr style="height:1pt"><td style="width:42.35pt" valign="bottom"></td><td style="width:99.95pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0">October 23, 2023</p> </td><td style="width:44pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.20 </p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">4,219,641</p> </td><td style="width:60pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:13.05pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:54.5pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">(4,219,641)</p> </td><td style="width:74pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td></tr> <tr style="height:1pt"><td style="width:42.35pt" valign="bottom"></td><td style="width:99.95pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0">February 28, 2025</p> </td><td style="width:44pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.125</p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">16,666,667</p> </td><td style="width:60pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:13.05pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:54.5pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:74pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">16,666,667</p> </td></tr> <tr style="height:1pt"><td style="width:42.35pt" valign="bottom"></td><td style="width:99.95pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Outstanding</p> </td><td style="width:44pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:66pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">20,886,308</p> </td><td style="width:60pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:13.05pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:54.5pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:66pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">(4,219,641)</p> </td><td style="width:74pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">16,666,667</p> </td></tr> <tr style="height:1pt"><td style="width:42.35pt" valign="bottom"></td><td style="width:99.95pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Weighted average exercise price</p> </td><td style="width:44pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:66pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.14</p> </td><td style="width:60pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$Nil</p> </td><td style="width:13.05pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:54.5pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$Nil</p> </td><td style="width:66pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.20</p> </td><td style="width:74pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.125</p> </td></tr> </table> <p style="font:10pt Times New Roman;margin:0;text-indent:-18pt;margin-left:54pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">As of December 31, 2023, the weighted average contractual life is 1.16 years (December 31, 2022 – 1.89 years).</p> <p style="font:10pt Times New Roman;margin:0;text-indent:-18pt;margin-left:54pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-indent:-18pt;margin-left:54pt;text-align:justify">The continuity of warrants for the year ended December 31, 2022 is as follows:</p> <p style="font:10pt Times New Roman;margin:0;text-indent:-9pt;margin-left:45pt;text-align:justify"> </p> <table style="margin:0 auto;border-collapse:collapse;width:524.35pt"><tr style="height:1pt"><td style="width:46.85pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:99.95pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:44pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Exercise</p> </td><td style="width:66pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">December 31,</p> </td><td style="width:60pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:13.05pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:54.5pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:66pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:74pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">December 31,</p> </td></tr> <tr style="height:1pt"><td style="width:46.85pt" valign="bottom"></td><td style="width:99.95pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Expiry date</p> </td><td style="width:44pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">price</p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">2021</p> </td><td style="width:60pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center">Issued</p> </td><td style="width:13.05pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center"> </p> </td><td style="width:54.5pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">Exercised</p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">Expired</p> </td><td style="width:74pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">2022</p> </td></tr> <tr style="height:1pt"><td style="width:46.85pt" valign="bottom"></td><td style="width:99.95pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0">February 25, 2022</p> </td><td style="width:44pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.40 </p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">500,000</p> </td><td style="width:60pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:13.05pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:54.5pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">(500,000)</p> </td><td style="width:74pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td></tr> <tr style="height:1pt"><td style="width:46.85pt" valign="bottom"></td><td style="width:99.95pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0">October 23, 2023</p> </td><td style="width:44pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.20 </p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">4,219,641</p> </td><td style="width:60pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:13.05pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:54.5pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:74pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">4,219,641</p> </td></tr> <tr style="height:1pt"><td style="width:46.85pt" valign="bottom"></td><td style="width:99.95pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0">February 28, 2025</p> </td><td style="width:44pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.125</p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:60pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">16,666,667</p> </td><td style="width:13.05pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:54.5pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:74pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">16,666,667</p> </td></tr> <tr style="height:1pt"><td style="width:46.85pt" valign="bottom"></td><td style="width:99.95pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Outstanding</p> </td><td style="width:44pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:66pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">4,719,641</p> </td><td style="width:60pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">16,666,667</p> </td><td style="width:13.05pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:54.5pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:66pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">(500,000)</p> </td><td style="width:74pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">20,886,308</p> </td></tr> <tr style="height:1pt"><td style="width:46.85pt" valign="bottom"></td><td style="width:99.95pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Weighted average exercise price</p> </td><td style="width:44pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:66pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.22</p> </td><td style="width:60pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.125</p> </td><td style="width:13.05pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:54.5pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$Nil</p> </td><td style="width:66pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.40</p> </td><td style="width:74pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.14</p> </td></tr> </table> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">The continuity of warrants for the year ended December 31, 2021 is as follows:</p> <p style="font:11pt Times New Roman;margin:0;text-indent:-4.5pt;margin-left:40.5pt;text-align:justify"> </p> <table style="margin:0 auto;border-collapse:collapse;width:528.85pt"><tr style="height:1pt"><td style="width:51.35pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:99.95pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:44pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Exercise</p> </td><td style="width:66pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">December 31,</p> </td><td style="width:60pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:13.05pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:54.5pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:66pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:74pt;border-top:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">December 31,</p> </td></tr> <tr style="height:1pt"><td style="width:51.35pt" valign="bottom"></td><td style="width:99.95pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Expiry date</p> </td><td style="width:44pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">price</p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">2020</p> </td><td style="width:60pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center">Issued</p> </td><td style="width:13.05pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center"> </p> </td><td style="width:54.5pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">Exercised</p> </td><td style="width:66pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">Expired</p> </td><td style="width:74pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">2021</p> </td></tr> <tr style="height:1pt"><td style="width:51.35pt" valign="bottom"></td><td style="width:99.95pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0">November 9, 2021</p> </td><td style="width:44pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.40 </p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">2,500,000</p> </td><td style="width:60pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:13.05pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:54.5pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">(2,500,000)</p> </td><td style="width:74pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td></tr> <tr style="height:1pt"><td style="width:51.35pt" valign="bottom"></td><td style="width:99.95pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0">December 17, 2021</p> </td><td style="width:44pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.40 </p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">1,160,000</p> </td><td style="width:60pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:13.05pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:54.5pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">(1,160,000)</p> </td><td style="width:74pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td></tr> <tr style="height:1pt"><td style="width:51.35pt" valign="bottom"></td><td style="width:99.95pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0">December 18, 2021</p> </td><td style="width:44pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.20 </p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">455,000</p> </td><td style="width:60pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:13.05pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:54.5pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">(455,000)</p> </td><td style="width:74pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td></tr> <tr style="height:1pt"><td style="width:51.35pt" valign="bottom"></td><td style="width:99.95pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0">February 25, 2022</p> </td><td style="width:44pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.40 </p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">500,000</p> </td><td style="width:60pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:13.05pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:54.5pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:74pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">500,000</p> </td></tr> <tr style="height:1pt"><td style="width:51.35pt" valign="bottom"></td><td style="width:99.95pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0">October 23, 2023</p> </td><td style="width:44pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.20 </p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">4,219,641</p> </td><td style="width:60pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:13.05pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:54.5pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:66pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:74pt" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">4,219,641</p> </td></tr> <tr style="height:1pt"><td style="width:51.35pt" valign="bottom"></td><td style="width:99.95pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Outstanding</p> </td><td style="width:44pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:66pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">8,834,841</p> </td><td style="width:60pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:13.05pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:54.5pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="width:66pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">(4,115,000)</p> </td><td style="width:74pt;border-top:1pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">4,719,641</p> </td></tr> <tr style="height:1pt"><td style="width:51.35pt" valign="bottom"></td><td style="width:99.95pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Weighted average exercise price</p> </td><td style="width:44pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:66pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.29</p> </td><td style="width:60pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$Nil</p> </td><td style="width:13.05pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:54.5pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$Nil</p> </td><td style="width:66pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.38</p> </td><td style="width:74pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$0.22</p> </td></tr> </table> <p style="font:11pt Times New Roman;margin:0;text-indent:-9pt;margin-left:45pt;text-align:justify"> </p> <p style="font:11pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">The weighted average assumptions used to estimate the fair value of warrants for the years ended December 31, 2023, 2022 and 2021 were:</p> <p style="font:11pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <table style="border-collapse:collapse;width:477pt;margin-left:41.4pt"><tr><td style="width:220.5pt;border-top:1.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"></td><td style="width:85.5pt;border-top:1.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">2023</p> </td><td style="width:85.5pt;border-top:1.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">2022</p> </td><td style="width:85.5pt;border-top:1.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">2021</p> </td></tr> <tr><td style="width:220.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Risk-free interest rate</p> </td><td style="width:85.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">n/a</p> </td><td style="width:85.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">0.88%</p> </td><td style="width:85.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">n/a</p> </td></tr> <tr><td style="width:220.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Expected life</p> </td><td style="width:85.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">n/a</p> </td><td style="width:85.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">3 years</p> </td><td style="width:85.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">n/a</p> </td></tr> <tr><td style="width:220.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Expected volatility</p> </td><td style="width:85.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">n/a</p> </td><td style="width:85.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">161.98%</p> </td><td style="width:85.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">n/a</p> </td></tr> <tr><td style="width:220.5pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Expected dividend yield</p> </td><td style="width:85.5pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">n/a</p> </td><td style="width:85.5pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">Nil</p> </td><td style="width:85.5pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">n/a</p> </td></tr> </table> | |
| CY2022Q4 | fil |
Options Outstanding
OptionsOutstanding
|
2080750 | shares |
| CY2023 | fil |
Options Outstanding Granted
OptionsOutstandingGranted
|
0 | shares |
| CY2023 | fil |
Options Outstanding Exercised
OptionsOutstandingExercised
|
0 | shares |
| CY2023 | fil |
Options Outstanding Expired Or Cancelled
OptionsOutstandingExpiredOrCancelled
|
-460000 | shares |
| CY2023Q4 | fil |
Options Outstanding
OptionsOutstanding
|
1620750 | shares |
| CY2022Q4 | fil |
Options Exercisable
OptionsExercisable
|
2080750 | shares |
| CY2023 | fil |
Options Exercisable Granted
OptionsExercisableGranted
|
0 | shares |
| CY2023 | fil |
Options Exercisable Exercised
OptionsExercisableExercised
|
0 | shares |
| CY2023 | fil |
Options Exercisable Expired Or Cancelled
OptionsExercisableExpiredOrCancelled
|
-460000 | shares |
| CY2023Q4 | fil |
Options Exercisable
OptionsExercisable
|
1620750 | shares |
| CY2022Q4 | fil |
Weighted Average Exercise Price
WeightedAverageExercisePrice
|
0.15 | |
| CY2023 | fil |
Weighted Average Exercise Price Options Granted
WeightedAverageExercisePriceOptionsGranted
|
0 | |
| CY2023 | fil |
Weighted Average Exercise Price Options Exercised
WeightedAverageExercisePriceOptionsExercised
|
0 | |
| CY2023 | fil |
Weighted Average Exercise Price Options Expired Or Cancelled
WeightedAverageExercisePriceOptionsExpiredOrCancelled
|
0.4 | |
| CY2023Q4 | fil |
Weighted Average Exercise Price
WeightedAverageExercisePrice
|
0.08 | |
| CY2023 | fil |
Weighted Average Remaining Contractual Life Stock Options
WeightedAverageRemainingContractualLifeStockOptions
|
P3Y1M9D | |
| CY2022 | fil |
Weighted Average Remaining Contractual Life Stock Options
WeightedAverageRemainingContractualLifeStockOptions
|
P3Y3M | |
| CY2021Q4 | fil |
Options Outstanding
OptionsOutstanding
|
833250 | shares |
| CY2022 | fil |
Options Outstanding Granted
OptionsOutstandingGranted
|
1575000 | shares |
| CY2022 | fil |
Options Outstanding Exercised
OptionsOutstandingExercised
|
0 | shares |
| CY2022 | fil |
Options Outstanding Expired Or Cancelled
OptionsOutstandingExpiredOrCancelled
|
-327500 | shares |
| CY2022Q4 | fil |
Options Outstanding
OptionsOutstanding
|
2080750 | shares |
| CY2021Q4 | fil |
Options Exercisable
OptionsExercisable
|
833250 | shares |
| CY2022 | fil |
Options Exercisable Granted
OptionsExercisableGranted
|
1575000 | shares |
| CY2022 | fil |
Options Exercisable Exercised
OptionsExercisableExercised
|
0 | shares |
| CY2022 | fil |
Options Exercisable Expired Or Cancelled
OptionsExercisableExpiredOrCancelled
|
-327500 | shares |
| CY2022Q4 | fil |
Options Exercisable
OptionsExercisable
|
2080750 | shares |
| CY2021Q4 | fil |
Weighted Average Exercise Price
WeightedAverageExercisePrice
|
0.39 | |
| CY2022 | fil |
Weighted Average Exercise Price Options Granted
WeightedAverageExercisePriceOptionsGranted
|
0.08 | |
| CY2022 | fil |
Weighted Average Exercise Price Options Exercised
WeightedAverageExercisePriceOptionsExercised
|
0 | |
| CY2022 | fil |
Weighted Average Exercise Price Options Expired Or Cancelled
WeightedAverageExercisePriceOptionsExpiredOrCancelled
|
0.4 | |
| CY2022Q4 | fil |
Weighted Average Exercise Price
WeightedAverageExercisePrice
|
0.15 | |
| CY2020Q4 | fil |
Options Outstanding
OptionsOutstanding
|
1227000 | shares |
| CY2021 | fil |
Options Outstanding Granted
OptionsOutstandingGranted
|
0 | shares |
| CY2021 | fil |
Options Outstanding Exercised
OptionsOutstandingExercised
|
0 | shares |
| CY2021 | fil |
Options Outstanding Expired Or Cancelled
OptionsOutstandingExpiredOrCancelled
|
-393750 | shares |
| CY2021Q4 | fil |
Options Outstanding
OptionsOutstanding
|
833250 | shares |
| CY2020Q4 | fil |
Options Exercisable
OptionsExercisable
|
1227000 | shares |
| CY2021 | fil |
Options Exercisable Granted
OptionsExercisableGranted
|
0 | shares |
| CY2021 | fil |
Options Exercisable Exercised
OptionsExercisableExercised
|
0 | shares |
| CY2021 | fil |
Options Exercisable Expired Or Cancelled
OptionsExercisableExpiredOrCancelled
|
-393750 | shares |
| CY2021Q4 | fil |
Options Exercisable
OptionsExercisable
|
833250 | shares |
| CY2020Q4 | fil |
Weighted Average Exercise Price
WeightedAverageExercisePrice
|
0.5 | |
| CY2021 | fil |
Weighted Average Exercise Price Options Granted
WeightedAverageExercisePriceOptionsGranted
|
0 | |
| CY2021 | fil |
Weighted Average Exercise Price Options Exercised
WeightedAverageExercisePriceOptionsExercised
|
0 | |
| CY2021 | fil |
Weighted Average Exercise Price Options Expired Or Cancelled
WeightedAverageExercisePriceOptionsExpiredOrCancelled
|
0.72 | |
| CY2021Q4 | fil |
Weighted Average Exercise Price
WeightedAverageExercisePrice
|
0.39 | |
| CY2022Q4 | fil |
Warrants Weighted Average Exercise Price
WarrantsWeightedAverageExercisePrice
|
0.14 | |
| CY2020Q4 | fil |
Warrants Outstanding Number Of Options
WarrantsOutstandingNumberOfOptions
|
8834841 | shares |
| CY2021 | fil |
Warrants Outstanding Number Of Options Issued
WarrantsOutstandingNumberOfOptionsIssued
|
0 | shares |
| CY2021 | fil |
Warrants Outstanding Number Of Options Exercised
WarrantsOutstandingNumberOfOptionsExercised
|
0 | shares |
| CY2021 | fil |
Warrants Outstanding Number Of Options Expired
WarrantsOutstandingNumberOfOptionsExpired
|
-4115000 | shares |
| CY2021Q4 | fil |
Warrants Outstanding Number Of Options
WarrantsOutstandingNumberOfOptions
|
4719641 | shares |
| CY2020Q4 | fil |
Warrants Weighted Average Exercise Price
WarrantsWeightedAverageExercisePrice
|
0.29 | |
| CY2021 | fil |
Warrants Weighted Average Exercise Price Issued
WarrantsWeightedAverageExercisePriceIssued
|
0 | |
| CY2021 | fil |
Warrants Weighted Average Exercise Price Exercised
WarrantsWeightedAverageExercisePriceExercised
|
0 | |
| CY2021 | fil |
Warrants Weighted Average Exercise Price Expired
WarrantsWeightedAverageExercisePriceExpired
|
0.38 | |
| CY2021Q4 | fil |
Warrants Weighted Average Exercise Price
WarrantsWeightedAverageExercisePrice
|
0.22 | |
| CY2023 | ifrs-full |
Disclosure Of Related Party Explanatory
DisclosureOfRelatedPartyExplanatory
|
<p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt"><b>9. </b></kbd><kbd style="margin-left:18pt"></kbd><b>RELATED PARTY TRANSACTIONS AND BALANCES</b> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">The aggregate value of transactions and outstanding balances relating to key management personnel and entities over which they have control or significant influence were as follows:</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <table style="border-collapse:collapse;width:524.35pt;margin-left:5.15pt"><tr style="height:1pt"><td style="background-color:#FFFFFF;width:99.25pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td colspan="7" style="background-color:#FFFFFF;width:425.1pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:55.05pt;text-align:center">For the year ended December 31, 2023</p> </td></tr> <tr style="height:1pt"><td style="background-color:#FFFFFF;width:99.25pt;border:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="background-color:#FFFFFF;width:62pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center">Short-term employee benefits</p> </td><td style="background-color:#FFFFFF;width:62pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center">Post-employment benefits</p> </td><td style="background-color:#FFFFFF;width:62pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center">Other long-term benefits</p> </td><td style="background-color:#FFFFFF;width:62pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center">Termination benefits</p> </td><td style="background-color:#FFFFFF;width:62pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center">Other expenses</p> </td><td style="background-color:#FFFFFF;width:62pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center">Share-based payments</p> </td><td style="background-color:#FFFFFF;width:53.1pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center">Total</p> </td></tr> <tr style="height:1pt"><td style="width:99.25pt;border-left:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Paul W. Kuhn <span style="vertical-align:super">(c)</span><br/>Chief Executive Officer, Director </p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 150,000</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:53.1pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 150,000</p> </td></tr> </table> <table style="border-collapse:collapse;width:524.35pt;margin-left:5.15pt"><tr style="height:1pt"><td style="background-color:#FFFFFF;width:99.25pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td colspan="7" style="background-color:#FFFFFF;width:425.1pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:55.05pt;text-align:center">For the year ended December 31, 2022</p> </td></tr> <tr style="height:1pt"><td style="background-color:#FFFFFF;width:99.25pt;border:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="background-color:#FFFFFF;width:62pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center">Short-term employee benefits</p> </td><td style="background-color:#FFFFFF;width:62pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center">Post-employment benefits</p> </td><td style="background-color:#FFFFFF;width:62pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center">Other long-term benefits</p> </td><td style="background-color:#FFFFFF;width:62pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center">Termination benefits</p> </td><td style="background-color:#FFFFFF;width:62pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center">Other expenses</p> </td><td style="background-color:#FFFFFF;width:62pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center">Share-based payments</p> </td><td style="background-color:#FFFFFF;width:53.1pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center">Total</p> </td></tr> <tr style="height:1pt"><td style="width:99.25pt;border-left:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Paul W. Kuhn <span style="vertical-align:super">(c)</span><br/>Chief Executive Officer, Director </p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 153.424</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 12,460</p> </td><td style="width:53.1pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 165,884</p> </td></tr> <tr style="height:1pt"><td style="width:99.25pt;border-left:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Winnie Wong</p> <p style="font:8pt Times New Roman;margin:0">Chief Financial Officer</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 12,460</p> </td><td style="width:53.1pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 12,460</p> </td></tr> <tr style="height:1pt"><td style="width:99.25pt;border-left:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Mark T. Brown</p> <p style="font:8pt Times New Roman;margin:0">Director</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 12,460</p> </td><td style="width:53.1pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 12,460</p> </td></tr> <tr style="height:1pt"><td style="width:99.25pt;border-left:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0">Paul L. Nelles <span style="vertical-align:super">(b)</span><br/>Director</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 12,460</p> </td><td style="width:53.1pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 12,460</p> </td></tr> <tr style="height:1pt"><td style="width:99.25pt;border-left:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0">Paul Dircksen</p> <p style="font:8pt Times New Roman;margin:0">Director</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 12,460</p> </td><td style="width:53.1pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 12,460</p> </td></tr> <tr style="height:1pt"><td style="width:99.25pt;border-left:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Frank Hogel<br/>Director </p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 12,460</p> </td><td style="width:53.1pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 12,460</p> </td></tr> </table> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <table style="border-collapse:collapse;width:524.35pt;margin-left:5.15pt"><tr style="height:1pt"><td style="background-color:#FFFFFF;width:99.25pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td colspan="7" style="background-color:#FFFFFF;width:425.1pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:55.05pt;text-align:center">For the year ended December 31, 2021</p> </td></tr> <tr style="height:1pt"><td style="background-color:#FFFFFF;width:99.25pt;border:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="background-color:#FFFFFF;width:62pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center">Short-term employee benefits</p> </td><td style="background-color:#FFFFFF;width:62pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center">Post-employment benefits</p> </td><td style="background-color:#FFFFFF;width:62pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center">Other long-term benefits</p> </td><td style="background-color:#FFFFFF;width:62pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center">Termination benefits</p> </td><td style="background-color:#FFFFFF;width:62pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center">Other expenses</p> </td><td style="background-color:#FFFFFF;width:62pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center">Share-based payments</p> </td><td style="background-color:#FFFFFF;width:53.1pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:center">Total</p> </td></tr> <tr style="height:1pt"><td style="width:99.25pt;border-left:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0">Paul W. Kuhn <span style="vertical-align:super">(c)</span><br/>Chief Executive Officer, Director </p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 150,000</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:62pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ Nil</p> </td><td style="width:53.1pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:8pt Times New Roman;margin:0;text-align:right">$ 150,000</p> </td></tr> </table> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-indent:3.4pt;margin-left:14.2pt">Related party liabilities</p> <table style="border-collapse:collapse;width:523.8pt;margin-left:5.15pt"><tr style="height:12.75pt"><td style="width:81.25pt;border:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:justify"> </p> </td><td style="width:117pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:center"> </p> </td><td colspan="6" style="width:188.8pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:center">Years ended</p> </td><td colspan="2" style="width:67.5pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td colspan="2" style="width:69.25pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr style="height:12.6pt"><td style="width:81.25pt;border-left:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:justify"> </p> </td><td style="width:117pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0">Services / Advances</p> </td><td colspan="2" style="width:62.8pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">December 31,</p> <p style="font:8pt Times New Roman;margin:0;text-align:right">2023</p> </td><td colspan="2" style="width:63pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">December 31,</p> <p style="font:8pt Times New Roman;margin:0;text-align:right">2022</p> </td><td colspan="2" style="width:63pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">December 31,</p> <p style="font:8pt Times New Roman;margin:0;text-align:right">2021</p> </td><td colspan="2" style="width:67.5pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">As at</p> <p style="font:8pt Times New Roman;margin:0;text-align:right">December 31, <br/>2023</p> </td><td colspan="2" style="width:69.25pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">As at</p> <p style="font:8pt Times New Roman;margin:0;text-align:right">December 31, <br/>2022</p> </td></tr> <tr><td style="width:81.25pt;border-left:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0">Amounts due to:</p> </td><td style="width:117pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"></td><td style="width:15.25pt;border-bottom:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:47.55pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"></td><td style="width:15.25pt;border-bottom:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:47.75pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"></td><td style="width:15.25pt;border-bottom:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:47.75pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"></td><td style="width:15.25pt;border-bottom:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:52.25pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"></td><td style="width:15.25pt;border-bottom:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:54pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"></td></tr> <tr style="height:45.75pt"><td style="width:81.25pt;border-left:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0">Pacific Opportunity</p> <p style="font:8pt Times New Roman;margin:0">Capital Ltd. <span style="vertical-align:super">(a)</span></p> </td><td style="width:117pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0">Rent, management, accounting, marketing and financing services</p> </td><td style="width:15.25pt;border-bottom:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:47.55pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">111,700</p> </td><td style="width:15.25pt;border-bottom:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:47.75pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">135,135</p> </td><td style="width:15.25pt;border-bottom:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:47.75pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">94,200</p> </td><td style="width:15.25pt;border-bottom:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:52.25pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">47,277</p> </td><td style="width:15.25pt;border-bottom:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:54pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">64,632</p> </td></tr> <tr style="height:36.4pt"><td style="width:81.25pt;border-left:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:justify">Paul W. Kuhn <span style="vertical-align:super">(c)</span></p> </td><td style="width:117pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0">Consulting and share-based payment</p> </td><td style="width:15.25pt;border-bottom:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:47.55pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">150,000</p> </td><td style="width:15.25pt;border-bottom:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:47.75pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">165,884</p> </td><td style="width:15.25pt;border-bottom:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:47.75pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">150,000</p> </td><td style="width:15.25pt;border-bottom:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:52.25pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">Nil</p> </td><td style="width:15.25pt;border-bottom:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:54pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">28,916</p> </td></tr> <tr style="height:25.5pt"><td style="width:81.25pt;border-left:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0">Mark T. Brown <span style="vertical-align:super">(e)</span></p> </td><td style="width:117pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0">Expense reimbursement</p> </td><td style="width:15.25pt;border-bottom:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:47.55pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">Nil</p> </td><td style="width:15.25pt;border-bottom:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:47.75pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">Nil</p> </td><td style="width:15.25pt;border-bottom:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:47.75pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">Nil</p> </td><td style="width:15.25pt;border-bottom:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:52.25pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">465</p> </td><td style="width:15.25pt;border-bottom:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:54pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">Nil</p> </td></tr> <tr style="height:25.5pt"><td style="width:81.25pt;border-left:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0">Paul L. Nelles <span style="vertical-align:super">(b)</span></p> </td><td style="width:117pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0">Salaries and share-based payment</p> </td><td style="width:15.25pt;border-bottom:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:47.55pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">Nil</p> </td><td style="width:15.25pt;border-bottom:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:47.75pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">12,460</p> </td><td style="width:15.25pt;border-bottom:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:47.75pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">Nil</p> </td><td style="width:15.25pt;border-bottom:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:52.25pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">Nil</p> </td><td style="width:15.25pt;border-bottom:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:54pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">14,458</p> </td></tr> <tr style="height:15.6pt"><td style="width:81.25pt;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:justify">TOTAL:</p> </td><td style="width:117pt;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:15.25pt" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:47.55pt;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">261,700</p> </td><td style="width:15.25pt" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:47.75pt;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">313,479</p> </td><td style="width:15.25pt" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:47.75pt;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">244,200</p> </td><td style="width:15.25pt" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:52.25pt;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">47,742</p> </td><td style="width:15.25pt" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:54pt;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">108,006</p> </td></tr> <tr style="height:15.6pt"><td style="width:81.25pt;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:justify"> </p> </td><td style="width:117pt;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0"> </p> </td><td style="width:15.25pt" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:47.55pt;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:15.25pt" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:47.75pt;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:15.25pt" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:47.75pt;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right"> </p> </td><td colspan="4" style="width:136.75pt;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:center">Amounts due from:</p> </td></tr> <tr style="height:15.6pt"><td style="width:81.25pt;border-left:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:justify">Paul W. Kuhn <span style="vertical-align:super">(c)</span></p> </td><td style="width:117pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0">Consulting services</p> </td><td style="width:15.25pt;border-bottom:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:47.55pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">Nil</p> </td><td style="width:15.25pt;border-bottom:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:47.75pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">Nil</p> </td><td style="width:15.25pt;border-bottom:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:47.75pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">Nil</p> </td><td style="width:15.25pt;border-bottom:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:52.25pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">72,084 <span style="vertical-align:super">(d)</span></p> </td><td style="width:15.25pt;border-bottom:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:54pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="middle"><p style="font:8pt Times New Roman;margin:0;text-align:right">22,323 <span style="vertical-align:super">(d)</span></p> </td></tr> </table> <kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt">(c)</kbd>On June 1, 2019, the Company entered into a Contract for Services (the “Contract”) with a contractor to serve as the Company’s president and chief executive officer. The contractor is responsible for providing technical oversight and guidance, establishing corporate goals and objectives and setting and implementing corporate strategies. Pursuant to the Contract: <kbd style="position:absolute;font:10pt Symbol;margin-left:-22.5pt">·</kbd>The contractor will receive a fee of $12,500 per month and a rent allowance of €4,000 for the first four months; <kbd style="position:absolute;font:10pt Symbol;margin-left:-22.5pt">·</kbd>If the Company is substantially sold or has a change of control (as defined), the contractor will receive a payment equal to two years of fees; and <kbd style="position:absolute;font:10pt Symbol;margin-left:-22.5pt">·</kbd>The contract remains effective until terminated in writing by either the Company or the contractor. The Company may terminate the contract at any time without notice or payment in lieu thereof for cause or at any time without cause by providing six months’ written notice or by paying the contractor in lieu of notice. The contractor may terminate the contract at any time by providing the Company with three months’ written notice. <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">During fiscal 2022, Paul Kuhn received an additional €2,500 ($3,424) for his consulting work in Kosovo as a result of past services.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt">(d)</kbd>This amount relates to PorMining paying Paul Kuhn for his technical services consulting in excess of the Contract (defined above in Note 9(c)). Such amount will be used to offset and reduce the Company's monthly fee payable to Paul Kuhn per the Contract. </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt">(e)</kbd>Mark T Brown is a director of the Company. </p> | |
| CY2022Q4 | fil |
Finder S Options Outstanding Number Of Options
FinderSOptionsOutstandingNumberOfOptions
|
412500 | shares |
| CY2023 | fil |
Finder S Options Outstanding Number Of Options Issued
FinderSOptionsOutstandingNumberOfOptionsIssued
|
0 | shares |
| CY2023 | fil |
Finder S Options Outstanding Number Of Options Exercised
FinderSOptionsOutstandingNumberOfOptionsExercised
|
0 | shares |
| CY2023 | fil |
Finder S Options Outstanding Number Of Options Expired
FinderSOptionsOutstandingNumberOfOptionsExpired
|
-412500 | shares |
| CY2023Q4 | fil |
Finder S Options Outstanding Number Of Options
FinderSOptionsOutstandingNumberOfOptions
|
0 | shares |
| CY2022Q4 | fil |
Finder S Options Weighted Average Exercise Price
FinderSOptionsWeightedAverageExercisePrice
|
0.075 | |
| CY2023 | fil |
Finder S Options Weighted Average Exercise Price Issued
FinderSOptionsWeightedAverageExercisePriceIssued
|
0 | |
| CY2023 | fil |
Finder S Options Weighted Average Exercise Price Exercised
FinderSOptionsWeightedAverageExercisePriceExercised
|
0 | |
| CY2023 | fil |
Finder S Options Weighted Average Exercise Price Expired
FinderSOptionsWeightedAverageExercisePriceExpired
|
0.075 | |
| CY2023Q4 | fil |
Finder S Options Weighted Average Exercise Price
FinderSOptionsWeightedAverageExercisePrice
|
0 | |
| CY2021Q4 | fil |
Finder S Options Outstanding Number Of Options
FinderSOptionsOutstandingNumberOfOptions
|
0 | shares |
| CY2022 | fil |
Finder S Options Outstanding Number Of Options Issued
FinderSOptionsOutstandingNumberOfOptionsIssued
|
412500 | shares |
| CY2022 | fil |
Finder S Options Outstanding Number Of Options Exercised
FinderSOptionsOutstandingNumberOfOptionsExercised
|
0 | shares |
| CY2022 | fil |
Finder S Options Outstanding Number Of Options Expired
FinderSOptionsOutstandingNumberOfOptionsExpired
|
0 | shares |
| CY2022Q4 | fil |
Finder S Options Outstanding Number Of Options
FinderSOptionsOutstandingNumberOfOptions
|
412500 | shares |
| CY2021Q4 | fil |
Finder S Options Weighted Average Exercise Price
FinderSOptionsWeightedAverageExercisePrice
|
0 | |
| CY2022 | fil |
Finder S Options Weighted Average Exercise Price Issued
FinderSOptionsWeightedAverageExercisePriceIssued
|
0.075 | |
| CY2022 | fil |
Finder S Options Weighted Average Exercise Price Exercised
FinderSOptionsWeightedAverageExercisePriceExercised
|
0 | |
| CY2022 | fil |
Finder S Options Weighted Average Exercise Price Expired
FinderSOptionsWeightedAverageExercisePriceExpired
|
0 | |
| CY2022Q4 | fil |
Finder S Options Weighted Average Exercise Price
FinderSOptionsWeightedAverageExercisePrice
|
0.075 | |
| CY2022Q4 | fil |
Warrants Outstanding Number Of Options
WarrantsOutstandingNumberOfOptions
|
20886308 | shares |
| CY2023 | fil |
Warrants Outstanding Number Of Options Issued
WarrantsOutstandingNumberOfOptionsIssued
|
0 | shares |
| CY2023 | fil |
Warrants Outstanding Number Of Options Exercised
WarrantsOutstandingNumberOfOptionsExercised
|
0 | shares |
| CY2023 | fil |
Warrants Outstanding Number Of Options Expired
WarrantsOutstandingNumberOfOptionsExpired
|
-4219641 | shares |
| CY2023Q4 | fil |
Warrants Outstanding Number Of Options
WarrantsOutstandingNumberOfOptions
|
16666667 | shares |
| CY2022Q4 | fil |
Warrants Weighted Average Exercise Price
WarrantsWeightedAverageExercisePrice
|
0.14 | |
| CY2023 | fil |
Warrants Weighted Average Exercise Price Issued
WarrantsWeightedAverageExercisePriceIssued
|
0 | |
| CY2023 | fil |
Warrants Weighted Average Exercise Price Exercised
WarrantsWeightedAverageExercisePriceExercised
|
0 | |
| CY2023 | fil |
Warrants Weighted Average Exercise Price Expired
WarrantsWeightedAverageExercisePriceExpired
|
0.2 | |
| CY2023Q4 | fil |
Warrants Weighted Average Exercise Price
WarrantsWeightedAverageExercisePrice
|
0.125 | |
| CY2021Q4 | fil |
Warrants Outstanding Number Of Options
WarrantsOutstandingNumberOfOptions
|
4719641 | shares |
| CY2022 | fil |
Warrants Outstanding Number Of Options Issued
WarrantsOutstandingNumberOfOptionsIssued
|
16666667 | shares |
| CY2022 | fil |
Warrants Outstanding Number Of Options Exercised
WarrantsOutstandingNumberOfOptionsExercised
|
0 | shares |
| CY2022 | fil |
Warrants Outstanding Number Of Options Expired
WarrantsOutstandingNumberOfOptionsExpired
|
-500000 | shares |
| CY2022Q4 | fil |
Warrants Outstanding Number Of Options
WarrantsOutstandingNumberOfOptions
|
20886308 | shares |
| CY2021Q4 | fil |
Warrants Weighted Average Exercise Price
WarrantsWeightedAverageExercisePrice
|
0.22 | |
| CY2022 | fil |
Warrants Weighted Average Exercise Price Issued
WarrantsWeightedAverageExercisePriceIssued
|
0.125 | |
| CY2022 | fil |
Warrants Weighted Average Exercise Price Exercised
WarrantsWeightedAverageExercisePriceExercised
|
0 | |
| CY2022 | fil |
Warrants Weighted Average Exercise Price Expired
WarrantsWeightedAverageExercisePriceExpired
|
0.4 | |
| CY2023 | fil |
Related Party Liability Amount During Period
RelatedPartyLiabilityAmountDuringPeriod
|
261700 | cad |
| CY2022 | fil |
Related Party Liability Amount During Period
RelatedPartyLiabilityAmountDuringPeriod
|
313479 | cad |
| CY2021 | fil |
Related Party Liability Amount During Period
RelatedPartyLiabilityAmountDuringPeriod
|
244200 | cad |
| CY2023Q4 | fil |
Related Party Liability
RelatedPartyLiability
|
47742 | cad |
| CY2022Q4 | fil |
Related Party Liability
RelatedPartyLiability
|
108006 | cad |
| CY2023 | ifrs-full |
Disclosure Of Earnings Per Share Explanatory
DisclosureOfEarningsPerShareExplanatory
|
<p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt"><b>10. </b></kbd><kbd style="margin-left:18pt"></kbd><b>LOSS PER SHARE </b> </p> <p style="font:11pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"><i>Basic and diluted loss per share</i></p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">The calculation of basic and diluted loss per share for the year ended December 31, 2023 was based on the loss attributable to common shareholders of $56,781 (2022 – $329,789; 2021 – $5,997) and a weighted average number of common shares outstanding of 54,674,754 (2022 – 51,116,744; 2021 – 32,738,087).</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">Diluted loss per share did not include the effect of 1,620,750 share purchase options and 16,666,667 warrants outstanding at year end (2022 - 2,080,750 share purchase options, 20,886,308 warrants and 412,500 finder’s options; 2021 - 833,250 share purchase options and 4,719,641 warrants) as they are anti-dilutive. </p> | |
| CY2023 | fil |
Income Loss Attributable To Common Shareholders
IncomeLossAttributableToCommonShareholders
|
56781 | cad |
| CY2022 | fil |
Income Loss Attributable To Common Shareholders
IncomeLossAttributableToCommonShareholders
|
329789 | cad |
| CY2021 | fil |
Income Loss Attributable To Common Shareholders
IncomeLossAttributableToCommonShareholders
|
5997 | cad |
| CY2023 | ifrs-full |
Weighted Average Shares
WeightedAverageShares
|
54674754 | shares |
| CY2022 | ifrs-full |
Weighted Average Shares
WeightedAverageShares
|
51116744 | shares |
| CY2021 | ifrs-full |
Weighted Average Shares
WeightedAverageShares
|
32738087 | shares |
| CY2023 | fil |
Share Purchase Optioins Not Included In Dilution
SharePurchaseOptioinsNotIncludedInDilution
|
1620750 | shares |
| CY2023 | fil |
Warrants Outstanding Not Included In Dilution
WarrantsOutstandingNotIncludedInDilution
|
16666667 | shares |
| CY2022 | fil |
Share Purchase Optioins Not Included In Dilution
SharePurchaseOptioinsNotIncludedInDilution
|
2080750 | shares |
| CY2022 | fil |
Warrants Outstanding Not Included In Dilution
WarrantsOutstandingNotIncludedInDilution
|
20886308 | shares |
| CY2022 | fil |
Finder S Options Not Included In Dilution
FinderSOptionsNotIncludedInDilution
|
412500 | shares |
| CY2021 | fil |
Share Purchase Optioins Not Included In Dilution
SharePurchaseOptioinsNotIncludedInDilution
|
833250 | shares |
| CY2021 | fil |
Warrants Outstanding Not Included In Dilution
WarrantsOutstandingNotIncludedInDilution
|
4719641 | shares |
| CY2023 | ifrs-full |
Disclosure Of Financial Instruments Explanatory
DisclosureOfFinancialInstrumentsExplanatory
|
<p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt"><b>11. </b></kbd><kbd style="margin-left:18pt"></kbd><b>FINANCIAL INSTRUMENTS</b> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">The fair values of the Company’s cash, other receivables, advance to related party, due from optionee, accounts payables and accrued liabilities and due to related parties approximate their carrying values because of the short-term nature of these instruments.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">The Company’s financial instruments are exposed to certain financial risks, including credit risk, liquidity risk, interest risk, commodity price risk and currency risk.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt">(a)</kbd>Credit risk </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">The Company’s cash is held in financial institutions in Canada, Portugal and Kosovo. Amounts are receivable from an optionee and a related party.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">(b)</kbd><kbd style="margin-left:36pt"></kbd>Liquidity risk </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they fall due. The Company manages liquidity risk through the management of its capital structure.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">As at December 31, 2023, the Company had cash of $121,745 (December 31, 2022 - $307,531), advance to related party of $72,084 (December 31, 2022 - $22,323), sales tax receivables of $4,213 (December 31, 2022 - $3,627) and other receivables of $13,559 (December 31, 2022 - $10,713) to settle current liabilities of $100,138 (December 31, 2022 - $208,936).</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">Accounts payable and accrued liabilities are due within the current operating period.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt">(c)</kbd>Interest rate risk </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">Interest rate risk is not material as the Company does not have any significant financial assets or liabilities subject to fluctuation in interest rates.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt">(d)</kbd>Equity market price risk </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">The Company is exposed to price risk with respect to equity market prices. Price risk as it relates to the Company is defined as the potential adverse impact on the Company’s ability to finance due to movements in individual equity prices or general movements in the level of the stock market. The Company closely monitors individual equity movements and the stock market to determine the appropriate course of action to be taken by the Company.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt">(e)</kbd>Currency risk </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">The Company’s property interests in Portugal, Finland and Kosovo make it subject to foreign currency fluctuations and inflationary pressures which may adversely affect the Company’s financial position, results of operations and cash flows. The Company is affected by changes in exchange rates between the Canadian Dollar and foreign functional currencies. The Company does not invest in foreign currency contracts to mitigate the risks. The Company has net monetary assets of $104,000 dominated in Euros. A 1% change in the absolute rate of exchange in US dollars and Euros would affect its net income by $1,600.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">IFRS 7 establishes a fair value hierarchy that prioritizes the input to valuation techniques used to measure fair value as follows:</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">Level 1 – quoted prices (unadjusted) in active markets for identical assets or liabilities;</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">Level 2 – inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">Level 3 – inputs for the asset or liability that are not based on observable market data (unobservable inputs).</p> | |
| CY2023Q4 | ifrs-full |
Cash
Cash
|
121745 | cad |
| CY2022Q4 | ifrs-full |
Cash
Cash
|
307531 | cad |
| CY2023 | fil |
Income Taxes At Statutory
IncomeTaxesAtStatutory
|
0 | cad |
| CY2022 | fil |
Income Taxes At Statutory
IncomeTaxesAtStatutory
|
0 | cad |
| CY2021 | fil |
Income Taxes At Statutory
IncomeTaxesAtStatutory
|
0 | cad |
| CY2023Q4 | fil |
Related Party Transaction Due From To Related Party Current1
RelatedPartyTransactionDueFromToRelatedPartyCurrent1
|
72084 | cad |
| CY2022Q4 | fil |
Related Party Transaction Due From To Related Party Current1
RelatedPartyTransactionDueFromToRelatedPartyCurrent1
|
22323 | cad |
| CY2023Q4 | ifrs-full |
Value Added Tax Receivables
ValueAddedTaxReceivables
|
4213 | cad |
| CY2022Q4 | ifrs-full |
Value Added Tax Receivables
ValueAddedTaxReceivables
|
3627 | cad |
| CY2023Q4 | ifrs-full |
Other Receivables
OtherReceivables
|
13559 | cad |
| CY2022Q4 | ifrs-full |
Other Receivables
OtherReceivables
|
10713 | cad |
| CY2023Q4 | ifrs-full |
Current Liabilities
CurrentLiabilities
|
100138 | cad |
| CY2022Q4 | ifrs-full |
Current Liabilities
CurrentLiabilities
|
208936 | cad |
| CY2023 | ifrs-full |
Disclosure Of Cash Flow Statement Explanatory
DisclosureOfCashFlowStatementExplanatory
|
<p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt"><b>12. </b></kbd><kbd style="margin-left:18pt"></kbd><b>SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS</b> </p> <p style="font:10pt Times New Roman;margin:0"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">The non-cash transactions during the years ended December 31, 2023, 2022 and 2021 were as follows:</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:31.5pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-13.5pt">·</kbd>As at December 31, 2023, a total of $Nil (2022 - $Nil; 2021 - $74,550) in share issue costs were included in due to related parties. </p> | |
| CY2023Q4 | fil |
Share Issue Costs Included In Accounts Payable
ShareIssueCostsIncludedInAccountsPayable
|
0 | cad |
| CY2022Q4 | fil |
Share Issue Costs Included In Accounts Payable
ShareIssueCostsIncludedInAccountsPayable
|
0 | cad |
| CY2021Q4 | fil |
Share Issue Costs Included In Accounts Payable
ShareIssueCostsIncludedInAccountsPayable
|
74550 | cad |
| CY2023 | ifrs-full |
Disclosure Of Financial Risk Management Explanatory
DisclosureOfFinancialRiskManagementExplanatory
|
<p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt"><b>13. </b></kbd><kbd style="margin-left:18pt"></kbd><b>MANAGEMENT OF CAPITAL RISK</b> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">The Company manages its cash, common shares, warrants and share purchase options as capital (see Note 8). The Company’s objectives when managing capital are to safeguard its ability to continue as a going concern and to maintain a flexible capital structure which optimizes the costs of capital at an acceptable risk.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">The Company manages the capital structure and makes adjustments to it in light of changes in economic conditions and the risk characteristics of the underlying assets. To maintain or adjust the capital structure, the Company may attempt to issue new shares, acquire or dispose of assets or adjust the amount of cash and cash equivalents held.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">In order to maximize ongoing operating efforts, the Company does not pay out dividends. The Company’s investment policy is to invest its short-term excess cash in highly liquid short-term interest-bearing investments with maturities of 90 days or less from the original date of acquisition, selected with regards to the expected timing of expenditures from continuing operations.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">The Company expects its current capital resources will be sufficient to carry out its exploration or operations in the near term.</p> | |
| CY2023 | ifrs-full |
Disclosure Of Income Tax Explanatory
DisclosureOfIncomeTaxExplanatory
|
<p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt"><b>14. </b></kbd><kbd style="margin-left:18pt"></kbd><b>INCOME TAX</b> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">A reconciliation of income taxes at statutory rates is as follows:</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt"> </p> <table style="border-collapse:collapse;width:488.5pt;margin-left:18pt"><tr><td style="width:238.5pt" valign="bottom"></td><td style="width:1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:7.2pt;text-align:right"> </p> </td><td style="width:80pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:12.2pt;text-align:right">2023</p> </td><td style="width:84.5pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:12.2pt;text-align:right">2022</p> </td><td style="width:84.5pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:12.2pt;text-align:right">2021</p> </td></tr> <tr><td style="width:238.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:7.2pt;text-align:right"> </p> </td><td style="width:1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:7.2pt;text-align:right"> </p> </td><td style="width:80pt;border-top:1.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right"> </p> </td><td style="width:84.5pt;border-top:1.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right"> </p> </td><td style="width:84.5pt;border-top:1.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right"> </p> </td></tr> <tr><td style="width:238.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-16.5pt;margin-left:22pt">Net loss</p> </td><td style="width:1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-21.6pt;margin-left:21.6pt"> </p> </td><td style="width:80pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">$ (56,781)</p> </td><td style="width:84.5pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">$ (329,789)</p> </td><td style="width:84.5pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">$ (5,997)</p> </td></tr> <tr><td style="width:238.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-16.5pt;margin-left:22pt"> </p> </td><td style="width:1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-21.6pt;margin-left:21.6pt"> </p> </td><td style="width:80pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right"> </p> </td><td style="width:84.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right"> </p> </td><td style="width:84.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right"> </p> </td></tr> <tr><td style="width:238.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-16.5pt;margin-left:22pt">Expected income tax recovery</p> </td><td style="width:1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-21.6pt;margin-left:21.6pt"> </p> </td><td style="width:80pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">$ (15,000) </p> </td><td style="width:84.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">$ (89,000) </p> </td><td style="width:84.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">$ (2,000) </p> </td></tr> <tr><td style="width:238.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-16.5pt;margin-left:22pt">Effect of foreign tax rate</p> </td><td style="width:1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-21.6pt;margin-left:21.6pt"> </p> </td><td style="width:80pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">(18,000)</p> </td><td style="width:84.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">(10,000)</p> </td><td style="width:84.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">(24,000)</p> </td></tr> <tr><td style="width:238.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-16.5pt;margin-left:22pt">Non-deductible items</p> </td><td style="width:1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-21.6pt;margin-left:21.6pt"> </p> </td><td style="width:80pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">(5,000)</p> </td><td style="width:84.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">(22,000)</p> </td><td style="width:84.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">4,000</p> </td></tr> <tr><td style="width:238.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-16.5pt;margin-left:22pt">Deductible items</p> </td><td style="width:1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-21.6pt;margin-left:21.6pt"> </p> </td><td style="width:80pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">-</p> </td><td style="width:84.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">(16,000)</p> </td><td style="width:84.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">-</p> </td></tr> <tr><td style="width:238.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-0.4pt;margin-left:5.5pt">True up of prior year amounts</p> </td><td style="width:1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-21.6pt;margin-left:21.6pt"> </p> </td><td style="width:80pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">(235,000)</p> </td><td style="width:84.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">-</p> </td><td style="width:84.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">-</p> </td></tr> <tr><td style="width:238.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-0.4pt;margin-left:5.5pt">Unrecognized benefit of non-capital losses</p> </td><td style="width:1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-21.6pt;margin-left:21.6pt"> </p> </td><td style="width:80pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">273,000</p> </td><td style="width:84.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">137,000</p> </td><td style="width:84.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">22,000</p> </td></tr> <tr style="height:5.75pt"><td style="width:238.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-21.6pt;margin-left:43.2pt"> </p> </td><td style="width:1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-21.6pt;margin-left:21.6pt"> </p> </td><td style="width:80pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right"> </p> </td><td style="width:84.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right"> </p> </td><td style="width:84.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right"> </p> </td></tr> <tr><td style="width:238.5pt" valign="bottom"></td><td style="width:1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-21.6pt;margin-left:21.6pt"> </p> </td><td style="width:80pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">$ -</p> </td><td style="width:84.5pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">$ -</p> </td><td style="width:84.5pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">$ -</p> </td></tr> </table> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">The significant components of the Company’s deferred income tax assets are as follows:</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <table style="border-collapse:collapse;width:490.5pt;margin-left:18pt"><tr><td style="width:283.5pt" valign="bottom"></td><td style="width:5.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:7.2pt;text-align:right"> </p> </td><td style="width:98pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:12.2pt;text-align:right">2023</p> </td><td style="width:5.5pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:7.2pt;text-align:center"> </p> </td><td style="width:98pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:12.2pt;text-align:right">2022</p> </td></tr> <tr><td style="width:283.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:7.2pt;text-align:right"> </p> </td><td style="width:5.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:7.2pt;text-align:right"> </p> </td><td style="width:98pt;border-top:1.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right"> </p> </td><td style="width:5.5pt;border-top:1.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:7.2pt;text-align:right"> </p> </td><td style="width:98pt;border-top:1.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right"> </p> </td></tr> <tr><td style="width:283.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-16.5pt;margin-left:22pt">Deferred income tax assets</p> </td><td style="width:5.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-21.6pt;margin-left:21.6pt"> </p> </td><td style="width:98pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right"> </p> </td><td style="width:5.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-21.6pt;margin-left:21.6pt"> </p> </td><td style="width:98pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right"> </p> </td></tr> <tr><td style="width:283.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-16.5pt;margin-left:22pt"> Non-capital loss carryforwards</p> </td><td style="width:5.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-21.6pt;margin-left:21.6pt"> </p> </td><td style="width:98pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">$ 2,476,000</p> </td><td style="width:5.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-21.6pt;margin-left:21.6pt"> </p> </td><td style="width:98pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">$ 2,196,000</p> </td></tr> <tr><td style="width:283.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-16.5pt;margin-left:22pt"> Allowable capital losses</p> </td><td style="width:5.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-21.6pt;margin-left:21.6pt"> </p> </td><td style="width:98pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">45,000</p> </td><td style="width:5.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-21.6pt;margin-left:21.6pt"> </p> </td><td style="width:98pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">45,000</p> </td></tr> <tr><td style="width:283.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-16.5pt;margin-left:22pt"> Share issue costs</p> </td><td style="width:5.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-21.6pt;margin-left:21.6pt"> </p> </td><td style="width:98pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">11,000</p> </td><td style="width:5.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-21.6pt;margin-left:21.6pt"> </p> </td><td style="width:98pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">18,000</p> </td></tr> <tr><td style="width:283.5pt" valign="bottom"></td><td style="width:5.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-21.6pt;margin-left:21.6pt"> </p> </td><td style="width:98pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">2,532,000</p> </td><td style="width:5.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-21.6pt;margin-left:21.6pt"> </p> </td><td style="width:98pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">2,259,000</p> </td></tr> <tr><td style="width:283.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-0.4pt;margin-left:5.5pt">Valuation allowance</p> </td><td style="width:5.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-21.6pt;margin-left:21.6pt"> </p> </td><td style="width:98pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">(2,532,000)</p> </td><td style="width:5.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-21.6pt;margin-left:21.6pt"> </p> </td><td style="width:98pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">(2,259,000)</p> </td></tr> <tr style="height:5.75pt"><td style="width:283.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-38.7pt;margin-left:43.2pt"> </p> </td><td style="width:5.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-21.6pt;margin-left:21.6pt"> </p> </td><td style="width:98pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right"> </p> </td><td style="width:5.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-21.6pt;margin-left:21.6pt"> </p> </td><td style="width:98pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right"> </p> </td></tr> <tr><td style="width:283.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-38.7pt;margin-left:43.2pt">Net deferred income tax assets</p> </td><td style="width:5.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-21.6pt;margin-left:21.6pt"> </p> </td><td style="width:98pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">$ -</p> </td><td style="width:5.5pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:-21.6pt;margin-left:21.6pt"> </p> </td><td style="width:98pt;border-bottom:1.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:11pt;text-align:right">$ -</p> </td></tr> </table> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">The Company has available for deduction against future taxable income non-capital losses of approximately $8,287,000 in Canada (2022 - 8,132,500). These losses, if not utilized, will expire through to 2043. Tax benefits which may arise as a result of these non-capital losses have not been recognized in these consolidated financial statements and have been offset by a valuation allowance. The following table shows the non-capital losses in Canada:</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <table style="margin:0 auto;border-collapse:collapse"><tr><td style="width:84.65pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>Year of Origin</b></p> </td><td style="width:82.2pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>Year of Expiry</b></p> </td><td style="width:143.7pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Non-capital losses</b></p> </td></tr> <tr><td style="width:84.65pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center"> </p> </td><td style="width:82.2pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center"> </p> </td><td style="width:143.7pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td style="width:84.65pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2008</p> </td><td style="width:82.2pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2028</p> </td><td style="width:143.7pt" valign="top"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:126pt">10,500</kbd> </p> </td></tr> <tr><td style="width:84.65pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2009</p> </td><td style="width:82.2pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2029</p> </td><td style="width:143.7pt" valign="top"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:126pt">45,000</kbd> </p> </td></tr> <tr><td style="width:84.65pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2010</p> </td><td style="width:82.2pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2030</p> </td><td style="width:143.7pt" valign="top"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:126pt">38,500</kbd> </p> </td></tr> <tr><td style="width:84.65pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2010</p> </td><td style="width:82.2pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2030</p> </td><td style="width:143.7pt" valign="top"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:126pt">325,000</kbd> </p> </td></tr> <tr><td style="width:84.65pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2011</p> </td><td style="width:82.2pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2031</p> </td><td style="width:143.7pt" valign="top"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:126pt">51,500</kbd> </p> </td></tr> <tr><td style="width:84.65pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2012</p> </td><td style="width:82.2pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2032</p> </td><td style="width:143.7pt" valign="top"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:126pt">798,000</kbd> </p> </td></tr> <tr><td style="width:84.65pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2013</p> </td><td style="width:82.2pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2033</p> </td><td style="width:143.7pt" valign="top"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:126pt">606,000</kbd> </p> </td></tr> <tr><td style="width:84.65pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2014</p> </td><td style="width:82.2pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2034</p> </td><td style="width:143.7pt" valign="top"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:126pt">921,000</kbd> </p> </td></tr> <tr><td style="width:84.65pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2015</p> </td><td style="width:82.2pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2035</p> </td><td style="width:143.7pt" valign="top"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:126pt">837,000</kbd> </p> </td></tr> <tr><td style="width:84.65pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2016</p> </td><td style="width:82.2pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2036</p> </td><td style="width:143.7pt" valign="top"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:126pt">1,007,000</kbd> </p> </td></tr> <tr><td style="width:84.65pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2017</p> </td><td style="width:82.2pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2037</p> </td><td style="width:143.7pt" valign="top"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:126pt">854,000</kbd> </p> </td></tr> <tr><td style="width:84.65pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2018</p> </td><td style="width:82.2pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2038</p> </td><td style="width:143.7pt" valign="top"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:126pt">657,000</kbd> </p> </td></tr> <tr><td style="width:84.65pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2019</p> </td><td style="width:82.2pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2039</p> </td><td style="width:143.7pt" valign="top"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:126pt">504,000</kbd> </p> </td></tr> <tr><td style="width:84.65pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2020</p> </td><td style="width:82.2pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2040</p> </td><td style="width:143.7pt" valign="top"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:126pt">476,000</kbd> </p> </td></tr> <tr><td style="width:84.65pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2021</p> </td><td style="width:82.2pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2041</p> </td><td style="width:143.7pt" valign="top"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:126pt">444,000</kbd> </p> </td></tr> <tr><td style="width:84.65pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2022</p> </td><td style="width:82.2pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2042</p> </td><td style="width:143.7pt" valign="top"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:126pt">495,000</kbd> </p> </td></tr> <tr><td style="width:84.65pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2023</p> </td><td style="width:82.2pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:center">2043</p> </td><td style="width:143.7pt;border-bottom:1.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:126pt">217,500</kbd> </p> </td></tr> <tr><td style="width:84.65pt" valign="top"></td><td style="width:82.2pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> </td><td style="width:143.7pt;border-top:0.5pt solid #000000;border-bottom:1.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:126pt">8,287,000</kbd> </p> </td></tr> </table> | |
| CY2023 | ifrs-full |
Profit Loss
ProfitLoss
|
-56781 | cad |
| CY2022 | ifrs-full |
Profit Loss
ProfitLoss
|
-329789 | cad |
| CY2021 | ifrs-full |
Profit Loss
ProfitLoss
|
-5997 | cad |
| CY2023 | fil |
Expected Income Tax Recovery
ExpectedIncomeTaxRecovery
|
15000 | cad |
| CY2022 | fil |
Expected Income Tax Recovery
ExpectedIncomeTaxRecovery
|
89000 | cad |
| CY2021 | fil |
Expected Income Tax Recovery
ExpectedIncomeTaxRecovery
|
2000 | cad |
| CY2023 | ifrs-full |
Tax Effect Of Foreign Tax Rates
TaxEffectOfForeignTaxRates
|
-18000 | cad |
| CY2022 | ifrs-full |
Tax Effect Of Foreign Tax Rates
TaxEffectOfForeignTaxRates
|
-10000 | cad |
| CY2021 | ifrs-full |
Tax Effect Of Foreign Tax Rates
TaxEffectOfForeignTaxRates
|
-24000 | cad |
| CY2023 | fil |
Non Deductible Items
NonDeductibleItems
|
5000 | cad |
| CY2022 | fil |
Non Deductible Items
NonDeductibleItems
|
22000 | cad |
| CY2021 | fil |
Non Deductible Items
NonDeductibleItems
|
-4000 | cad |
| CY2023 | fil |
Deductible Items
DeductibleItems
|
0 | cad |
| CY2022 | fil |
Deductible Items
DeductibleItems
|
16000 | cad |
| CY2021 | fil |
Deductible Items
DeductibleItems
|
0 | cad |
| CY2023 | fil |
True Up Of Prior Year Amounts
TrueUpOfPriorYearAmounts
|
-235000 | cad |
| CY2022 | fil |
True Up Of Prior Year Amounts
TrueUpOfPriorYearAmounts
|
0 | cad |
| CY2021 | fil |
True Up Of Prior Year Amounts
TrueUpOfPriorYearAmounts
|
0 | cad |
| CY2023 | fil |
Unrecognized Benefit Of Non Capital Losses
UnrecognizedBenefitOfNonCapitalLosses
|
-273000 | cad |
| CY2022 | fil |
Unrecognized Benefit Of Non Capital Losses
UnrecognizedBenefitOfNonCapitalLosses
|
-137000 | cad |
| CY2021 | fil |
Unrecognized Benefit Of Non Capital Losses
UnrecognizedBenefitOfNonCapitalLosses
|
-22000 | cad |
| CY2023Q4 | fil |
Non Capital Loss Carryforwards
NonCapitalLossCarryforwards
|
2476000 | cad |
| CY2022Q4 | fil |
Non Capital Loss Carryforwards
NonCapitalLossCarryforwards
|
2196000 | cad |
| CY2023Q4 | fil |
Allowable Capital Losses
AllowableCapitalLosses
|
45000 | cad |
| CY2022Q4 | fil |
Allowable Capital Losses
AllowableCapitalLosses
|
45000 | cad |
| CY2023Q4 | fil |
Share Issue Costs
ShareIssueCosts
|
11000 | cad |
| CY2022Q4 | fil |
Share Issue Costs
ShareIssueCosts
|
18000 | cad |
| CY2023Q4 | ifrs-full |
Deferred Tax Assets
DeferredTaxAssets
|
2532000 | cad |
| CY2022Q4 | ifrs-full |
Deferred Tax Assets
DeferredTaxAssets
|
2259000 | cad |
| CY2023Q4 | fil |
Valuation Allowance
ValuationAllowance
|
-2532000 | cad |
| CY2022Q4 | fil |
Valuation Allowance
ValuationAllowance
|
-2259000 | cad |
| CY2023Q4 | ifrs-full |
Net Deferred Tax Assets
NetDeferredTaxAssets
|
0 | cad |
| CY2022Q4 | ifrs-full |
Net Deferred Tax Assets
NetDeferredTaxAssets
|
0 | cad |
| CY2023Q4 | fil |
Non Capital Losses Year Of Expiry
NonCapitalLossesYearOfExpiry
|
8287000 | pure |
| CY2023 | ifrs-full |
Disclosure Of Operating Segments Explanatory
DisclosureOfOperatingSegmentsExplanatory
|
<p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt"><b>15. </b></kbd><kbd style="margin-left:18pt"></kbd><b>SEGMENTED FINANCIAL INFORMATION</b> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">The Company operates in one industry segment, being the acquisition and exploration of mineral properties. Geographic information is as follows:</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <table style="border-collapse:collapse;width:490.5pt;margin-left:23.4pt"><tr style="height:12.75pt"><td style="width:274.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td colspan="2" style="width:216pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Years ended</b></p> </td></tr> <tr style="height:12.75pt"><td style="width:274.5pt" valign="bottom"></td><td style="width:108pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"><b> December 31, 2023</b></p> </td><td style="width:108pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"><b> December 31, 2022</b></p> </td></tr> <tr style="height:12.75pt"><td style="width:274.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0">Non-current assets</p> </td><td style="width:108pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:108pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td></tr> <tr style="height:12.75pt"><td style="width:274.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> Portugal</p> </td><td style="width:108pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:90pt">210,740</kbd> </p> </td><td style="width:108pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:90pt">213,934</kbd> </p> </td></tr> <tr style="height:12.75pt"><td style="width:274.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> Finland</p> </td><td style="width:108pt" valign="middle"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:90pt">513,363</kbd> </p> </td><td style="width:108pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:90pt">540,932</kbd> </p> </td></tr> <tr style="height:13.5pt"><td style="width:274.5pt" valign="bottom"></td><td style="width:108pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:90pt">724,103</kbd> </p> </td><td style="width:108pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:90pt">754,866</kbd> </p> </td></tr> <tr style="height:12.75pt"><td style="width:274.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:108pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:108pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr style="height:12.75pt"><td style="width:274.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td colspan="2" style="width:216pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Years ended</b></p> </td></tr> <tr style="height:12.75pt"><td style="width:274.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:108pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"><b>December 31, 2023</b></p> </td><td style="width:108pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"><b>December 31, 2022</b></p> </td></tr> <tr style="height:12.75pt"><td style="width:274.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0">Mineral exploration expenses</p> </td><td style="width:108pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:108pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr style="height:12.75pt"><td style="width:274.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> Portugal</p> </td><td style="width:108pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:90pt">27,561</kbd> </p> </td><td style="width:108pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:90pt">25,651</kbd> </p> </td></tr> <tr style="height:12.75pt"><td style="width:274.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> Kosovo</p> </td><td style="width:108pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:90pt">38,931</kbd> </p> </td><td style="width:108pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:90pt">46,678</kbd> </p> </td></tr> <tr style="height:13.5pt"><td style="width:274.5pt" valign="bottom"></td><td style="width:108pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:90pt">66,492</kbd> </p> </td><td style="width:108pt;border-top:0.5pt solid #000000;border-bottom:1pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:90pt">72,329</kbd> </p> </td></tr> </table> |
