2022 Q4 Form 10-Q Financial Statement

#000149315222030738 Filed on November 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue $966.3K $2.533M
YoY Change
Gross Profit -$966.3K -$2.533M
YoY Change
Gross Profit Margin
Selling, General & Admin $2.229M $1.292M $999.8K
YoY Change 47.21% 29.21% 11.67%
% of Gross Profit
Research & Development $0.00 $0.00 $1.465M
YoY Change -100.0% -100.0% -71.88%
% of Gross Profit
Depreciation & Amortization $42.38K $42.81K $61.15K
YoY Change -30.71% -29.99% 28.85%
% of Gross Profit
Operating Expenses $2.229M $1.292M $2.465M
YoY Change -64.99% -47.59% -59.63%
Operating Profit -$3.196M -$3.825M -$2.465M
YoY Change 55.17%
Interest Expense -$4.574M $1.026M $6.426M
YoY Change -53.69% -84.03% -26.51%
% of Operating Profit
Other Income/Expense, Net -$4.196M $1.303M
YoY Change
Pretax Income -$11.97M $3.690M $3.961M
YoY Change -26.35% -6.82% -1578.62%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings -$11.97M $3.690M $3.961M
YoY Change -26.35% -6.82% -1578.62%
Net Earnings / Revenue
Basic Earnings Per Share $0.02 $0.02
Diluted Earnings Per Share -$0.05 $0.01 $24.10K
COMMON SHARES
Basic Shares Outstanding 229.5M shares 219.6M shares 164.2M shares
Diluted Shares Outstanding 318.2M shares 164.3M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $708.1K $103.8K $2.513M
YoY Change 45.68% -95.87% -70.91%
Cash & Equivalents $708.1K $103.8K $2.513M
Short-Term Investments
Other Short-Term Assets $6.476M $10.48M $304.0K
YoY Change 114.16% 3346.17% 20.36%
Inventory
Prepaid Expenses
Receivables $556.9K $1.208M $113.7K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $7.741M $11.79M $2.931M
YoY Change 113.69% 302.19% -67.36%
LONG-TERM ASSETS
Property, Plant & Equipment $551.2K $593.6K $510.4K
YoY Change 38.88% 16.3% 11.47%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $610.0K $341.0K $2.069M
YoY Change -83.52% 2901.07%
Total Long-Term Assets $25.19M $21.80M $2.579M
YoY Change 5506.89% 745.12% 389.61%
TOTAL ASSETS
Total Short-Term Assets $7.741M $11.79M $2.931M
Total Long-Term Assets $25.19M $21.80M $2.579M
Total Assets $32.93M $33.59M $5.510M
YoY Change 708.73% 509.53% -42.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.524M $2.878M $2.999M
YoY Change 244.76% -4.04% -8.46%
Accrued Expenses $1.500M $1.694M $11.76M
YoY Change 72.52% -85.6% 8.1%
Deferred Revenue
YoY Change
Short-Term Debt $1.500M $1.500M $2.508M
YoY Change -40.0% -40.2% 56.76%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $10.16M $11.44M $17.95M
YoY Change -55.45% -36.27% 8.71%
LONG-TERM LIABILITIES
Long-Term Debt $7.941M $7.420M $0.00
YoY Change
Other Long-Term Liabilities $14.38M $11.92M $5.647M
YoY Change -7.34% 111.11% -77.67%
Total Long-Term Liabilities $7.941M $7.420M $5.647M
YoY Change -48.83% 31.41% -77.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.16M $11.44M $17.95M
Total Long-Term Liabilities $7.941M $7.420M $5.647M
Total Liabilities $59.11M $48.32M $23.60M
YoY Change 54.27% 104.79% -43.55%
SHAREHOLDERS EQUITY
Retained Earnings -$71.59M -$59.63M
YoY Change -1.24%
Common Stock $228.00 $219.00
YoY Change 39.02%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$26.18M -$14.74M -$18.09M
YoY Change
Total Liabilities & Shareholders Equity $32.93M $33.59M $5.510M
YoY Change 708.73% 509.53% -42.04%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$11.97M $3.690M $3.961M
YoY Change -26.35% -6.82% -1578.62%
Depreciation, Depletion And Amortization $42.38K $42.81K $61.15K
YoY Change -30.71% -29.99% 28.85%
Cash From Operating Activities $4.033M -$3.461M -$2.332M
YoY Change -301.68% 48.4% -48.99%
INVESTING ACTIVITIES
Capital Expenditures $314.5K -$1.681M $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities -$1.305M -$356.2K
YoY Change
Cash From Investing Activities -$1.619M -$2.037M $0.00
YoY Change -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 4.666M 0.000 2.468M
YoY Change -17204.47% -100.0% -81.35%
NET CHANGE
Cash From Operating Activities 4.033M -3.461M -2.332M
Cash From Investing Activities -1.619M -2.037M 0.000
Cash From Financing Activities 4.666M 0.000 2.468M
Net Change In Cash 7.080M -5.498M 135.9K
YoY Change -449.27% -4146.69% -98.42%
FREE CASH FLOW
Cash From Operating Activities $4.033M -$3.461M -$2.332M
Capital Expenditures $314.5K -$1.681M $0.00
Free Cash Flow $3.719M -$1.780M -$2.332M
YoY Change -285.95% -23.68% -48.03%

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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Increase Decrease In Prepaid Expense
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us-gaap Increase Decrease In Prepaid Expense
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Increase Decrease In Accrued Taxes Payable
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us-gaap Increase Decrease In Interest Payable Net
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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BHLL Purchase Of Spare Inventory
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us-gaap Payments To Acquire Land
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BHLL Repayments Of Mine
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us-gaap Payments To Acquire Mining Assets
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us-gaap Payments To Acquire Machinery And Equipment
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us-gaap Payments To Acquire Machinery And Equipment
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Net Cash Provided By Used In Financing Activities
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CY2022Q2 BHLL Stock Issued During Period Value For Interest Payable
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CY2022Q2 BHLL Stock Issued During Period Value For Non Brokered Shares
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CY2022Q2 BHLL Stock Issued During Period Value For Special Warrant Shares
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CY2022Q2 us-gaap Stock Issued During Period Value Purchase Of Assets
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371586 usd
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StockholdersEquity
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CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
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CY2022Q3 BHLL Stock Issued During Period Value For Interest Payable
StockIssuedDuringPeriodValueForInterestPayable
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CY2022Q3 BHLL Accumulated Other Comprehensive Income Loss Gain On Fair Value From Change In Credit Risk
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625050 usd
CY2022Q3 us-gaap Net Income Loss
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StockholdersEquity
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StockholdersEquity
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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620063 usd
CY2021Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
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CY2021Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2021Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
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159397 usd
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
3813103 usd
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
5837809 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
-22696011 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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280720 usd
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StockholdersEquity
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CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
323538 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
3960630 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
3960630 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
-18086067 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_800_eus-gaap--NatureOfOperations_zjCHToI4ynpb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1. <span id="xdx_826_zRGqFLDoaKo2">Nature and Continuance of Operations and Going Concern</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Bunker Hill Mining Corp. (the “Company”) was incorporated under the laws of the state of <span id="xdx_90E_edei--EntityIncorporationStateCountryCode_c20220101__20220930_zU8HOpS5F0s4" title="Entity incorporation, state or country code">Nevada</span>, U.S.A. on February 20, 2007, under the name Lincoln Mining Corp. Pursuant to a Certificate of Amendment dated February 11, 2010, the Company changed its name to Liberty Silver Corp., and on September 29, 2017, the Company changed its name to Bunker Hill Mining Corp. The Company’s registered office is located at 1802 N. Carson Street, Suite 212, Carson City, Nevada 89701, and its head office is located at 82 Richmond Street East, Toronto, Ontario, Canada, M5C 1P1. As of the date of this Form 10-Q, the Company had one subsidiary, Silver Valley Metals Corp. (“Silver Valley”, formerly American Zinc Corp.), an Idaho corporation created to facilitate the work being conducted at the Bunker Hill Mine in Kellogg, Idaho.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company was incorporated for the purpose of engaging in mineral exploration activities. It continues to work at developing its project with a view towards putting it into production.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Going Concern:</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These unaudited condensed interim consolidated financial statements have been prepared on a going concern basis. The Company has incurred losses since inception resulting in an accumulated deficit of $<span id="xdx_906_eus-gaap--RetainedEarningsAccumulatedDeficit_iNI_di_c20220930_zRVW5zobZZZe" title="Accumulated deficit">59,626,902</span> and further losses are anticipated in the development of its business. Additionally, the Company owes a total of $<span id="xdx_907_eus-gaap--LongTermDebtCurrent_iI_c20220930__dei--LegalEntityAxis__custom--EnvironmentalProtectionAgencyMember_zJIotxpC3BQe" title="Long term debt current">3,847,141</span> to the Environmental Protection Agency (“EPA”) (see Note 6) for water treatment that is classified as current. The Company also owes a total of $<span id="xdx_90F_eus-gaap--LongTermDebtNoncurrent_iI_c20220930__dei--LegalEntityAxis__custom--EnvironmentalProtectionAgencyMember_z9EMyq8Z9Il3" title="Long term liability net of discount">7,420,024</span>, net of discount, to the EPA that is classified as long-term debt. The Company does not have sufficient cash to fund normal operations and meet debt obligations for the next 12 months without deferring payment on certain current liabilities and/or raising additional funds. In order to continue to meet its fiscal obligations in the current fiscal year and beyond, the Company must seek additional financing. This raises substantial doubt about the Company’s ability to continue as a going concern. Its ability to continue as a going concern is dependent upon the ability of the Company to generate profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. The accompanying unaudited condensed interim consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Management is considering various financing alternatives including, but not limited to, raising capital through the capital markets, debt, and closing on the multi-metals stream transaction (see note 7). These unaudited condensed interim consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>COVID-19:</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s operations could be significantly adversely affected by the effects of a widespread global outbreak of epidemics, pandemics, or other health crises, including the recent outbreak of respiratory illness caused by the novel coronavirus (“COVID-19”). Although the pandemic has subsided significantly, the Company cannot accurately predict the impact a COVID-19 resurgence would have on its operations and the ability of others to meet their obligations with the Company, including uncertainties relating to the ultimate geographic spread of the virus, the severity of the disease, the duration of the outbreak, and the length of travel and quarantine restrictions imposed by governments of affected countries. In addition, a significant outbreak of contagious diseases in the human population could result in a widespread health crisis that could adversely affect the economies and financial markets of many countries, resulting in an economic downturn that could further affect the Company’s operations and ability to finance its operations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>The Russia/Ukraine Crisis:</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s operations could be adversely affected by the effects of the Russia/Ukraine crisis and the effects of sanctions imposed against Russia or that country’s retributions against those sanctions, embargos or further-reaching impacts upon energy prices, food prices and market disruptions. The Company cannot accurately predict the impact the crisis will have on its operations and the ability of contractors to meet their obligations with the Company, including uncertainties relating the severity of its effects, the duration of the conflict, and the length and magnitude of energy bans, embargos and restrictions imposed by governments. In addition, the crisis could adversely affect the economies and financial markets of the United States in general, resulting in an economic downturn that could further affect the Company’s operations and ability to finance its operations. Additionally, the Company cannot predict changes in precious metals pricing or changes in commodities pricing which may alternately affect the Company either positively or negatively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Bunker Hill Mining Corp.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Condensed Interim Consolidated Financial Statements (Unaudited)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Three and Nine Months Ended September 30, 2022</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(Expressed in United States Dollars)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-59626902 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
920571 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
603972 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
326983 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
207078 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
593588 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
396894 usd
CY2022Q2 us-gaap Inventory For Long Term Contracts Or Programs Description
InventoryForLongTermContractsOrProgramsDescription
The package comprises substantially all processing equipment of value located at the Pend Oreille mine site, including complete crushing, grinding and flotation circuits suitable for a planned ~1,500 ton-per-day operation at the Bunker Hill site, and total inventory of nearly 10,000 components and parts for mill, assay lab, conveyer, field instruments, and electrical spares.
CY2022Q1 us-gaap Deposit Assets
DepositAssets
500000 usd
CY2022Q2 BHLL Sales Tax Paid
SalesTaxPaid
231000 usd
CY2022Q2 us-gaap Cash
Cash
731000 usd
CY2022Q2 BHLL Value Of Shares Issued
ValueOfSharesIssued
1970264 usd
CY2022Q3 BHLL Value Of Warrants Issued
ValueOfWarrantsIssued
1273032 usd
CY2022Q3 BHLL Plant And Inventory Purchased
PlantAndInventoryPurchased
3974296 usd
us-gaap Depreciation Nonproduction
DepreciationNonproduction
79783 usd
CY2021Q4 BHLL Project Finance Package Convertible Debenture
ProjectFinancePackageConvertibleDebenture
50000000 usd
CY2021Q4 BHLL Project Finance Package Convertible Debenture
ProjectFinancePackageConvertibleDebenture
50000000 usd
CY2021Q4 BHLL Increase Decrease In Convertible Debt
IncreaseDecreaseInConvertibleDebt
6000000 usd
CY2021Q4 us-gaap Debt Instrument Fee Amount
DebtInstrumentFeeAmount
51000000 usd
CY2022Q2 us-gaap Convertible Debt
ConvertibleDebt
66000000 usd
CY2022Q3 us-gaap Deposit Assets
DepositAssets
500000 usd
CY2022Q3 BHLL Sales Tax Paid
SalesTaxPaid
231000 usd
CY2022Q3 BHLL Value Of Shares Issued
ValueOfSharesIssued
1970264 usd
CY2022Q3 BHLL Value Of Warrants Issued
ValueOfWarrantsIssued
1273032 usd
CY2022Q3 BHLL Plant And Inventory Purchased
PlantAndInventoryPurchased
3974296 usd
CY2022Q3 BHLL Site Preparation Costs
SitePreparationCosts
619172 usd
CY2022Q3 BHLL Demobilization
Demobilization
1806229 usd
CY2022Q3 BHLL Spare Parts Inventory
SparePartsInventory
-341003 usd
CY2022Q3 BHLL Process Plant Non Current Assets
ProcessPlantNonCurrentAssets
6058694 usd
CY2022Q3 us-gaap Security Deposit
SecurityDeposit
1000000 usd
CY2022Q3 BHLL Operating Lease Office Lease
OperatingLeaseOfficeLease
319133 usd
CY2021Q4 BHLL Operating Lease Office Lease
OperatingLeaseOfficeLease
319133 usd
CY2022Q3 BHLL Operating Lease Accumulated Depreciation
OperatingLeaseAccumulatedDepreciation
319133 usd
CY2021Q4 BHLL Operating Lease Accumulated Depreciation
OperatingLeaseAccumulatedDepreciation
266780 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
52353 usd
us-gaap Depreciation Nonproduction
DepreciationNonproduction
52353 usd
CY2021Q3 us-gaap Depreciation Nonproduction
DepreciationNonproduction
26594 usd
CY2022Q1 BHLL Contract Cash Paid For Purchase
ContractCashPaidForPurchase
7700000 usd
CY2022Q1 BHLL Maintenance Payments
MaintenancePayments
300000 usd
CY2022Q1 BHLL Net Present Value Of Water Treatment Cost Recovery Liability Assumed
NetPresentValueOfWaterTreatmentCostRecoveryLiabilityAssumed
6402425 usd
CY2022Q1 BHLL Closing Costs Capitalized
ClosingCostsCapitalized
2638 usd
CY2022Q1 BHLL Mine Acquisition Costs Legal
MineAcquisitionCostsLegal
442147 usd
CY2022Q1 BHLL Mine Non Current Assets
MineNonCurrentAssets
14247210 usd
CY2022Q3 us-gaap Payments To Acquire Mining Assets
PaymentsToAcquireMiningAssets
356149 usd
us-gaap Payments To Acquire Mining Assets
PaymentsToAcquireMiningAssets
356149 usd
CY2022Q1 us-gaap Payments To Acquire Land
PaymentsToAcquireLand
202000 usd
CY2022Q3 BHLL Cost Recovery Payable
CostRecoveryPayable
19000000 usd
CY2022Q1 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
2000000 usd
CY2022Q1 us-gaap Product Liability Contingency Description
ProductLiabilityContingencyDescription
the Company accounted for the $17,000,000 liabilities according to the previous payment schedule, resulting in $12,000,000 classified as a current liability and $5,000,000 as a long-term liability. The long-term portion was discounted at an interest rate of 16.5% to arrive at a net present value of $3,402,425 after discount.
CY2022Q3 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
347614 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
631701 usd
CY2022Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
7420024 usd
CY2022Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
192923 usd
CY2021Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
306501 usd
CY2021Q4 BHLL Environmental Protection Agency Water Treatment Payable Current
EnvironmentalProtectionAgencyWaterTreatmentPayableCurrent
5110706 usd
CY2022Q2 BHLL Payment Of Water Treament Charges
PaymentOfWaterTreamentCharges
1000000 usd
CY2022Q3 BHLL Environmental Protection Agency Water Treatment Payable Current
EnvironmentalProtectionAgencyWaterTreatmentPayableCurrent
3847141 usd
CY2021Q4 BHLL Environmental Protection Agency Water Treatment Payable Current
EnvironmentalProtectionAgencyWaterTreatmentPayableCurrent
5110706 usd
CY2022Q1 BHLL Monthly Accruals Water Treatment Charges
MonthlyAccrualsWaterTreatmentCharges
80000 usd
CY2022Q1 BHLL Monthly Costs Water Treatment Charges
MonthlyCostsWaterTreatmentCharges
140000 usd
CY2022Q1 BHLL Accrued Water Treatment Cost
AccruedWaterTreatmentCost
720000 usd
CY2022Q1 BHLL Prepaid Water Treament Costs
PrepaidWaterTreamentCosts
1260000 usd
CY2022Q1 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
540000 usd
CY2022Q3 BHLL Gain On Fair Value Of Convertible Debt Derivatives
GainOnFairValueOfConvertibleDebtDerivatives
1301069 usd
BHLL Gain On Fair Value Of Convertible Debt Derivatives
GainOnFairValueOfConvertibleDebtDerivatives
3041056 usd
BHLL Funding Stream Description
FundingStreamDescription
If the Company draws the maximum funding of $37,000,000, the Stream would apply to 10% of payable metals sold until a minimum quantity of metal is delivered consisting of, individually, 55 million pounds of zinc, 35 million pounds of lead, and 1 million ounces of silver (subsequently amended, as described below). Thereafter, the Stream would apply to 2% of payable metals sold. If the Company elects to draw less than $37,000,000 under the Stream, the percentage and quantities of payable metals streamed will adjust pro-rata. The delivery price of streamed metals will be 20% of the applicable spot price.
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
176607 usd
CY2021 us-gaap Interest Expense Other
InterestExpenseOther
12696 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
129191 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
2165 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
62277 usd
us-gaap Interest Expense Other
InterestExpenseOther
1834 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
64828 usd
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
717 usd
CY2002Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1500000000 shares
CY2002Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.000001
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2022Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.000001
CY2022Q2 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
9384622 usd
CY2022Q2 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
11796297 cad
CY2022Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1315856 shares
CY2022Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
162129064 shares
CY2022Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
162129064 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
8015159 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.62
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1037977 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.34
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
9053136 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.58
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
47500 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
9305636 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.52
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0064 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1 pure
CY2022Q3 us-gaap Share Price
SharePrice
0.34
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
9305636 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
4687392 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2304162 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4315403 usd
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3960630 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
13860884 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
9843495 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
219466235 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
164179999 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
198364188 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
160690371 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4315403 usd
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3960630 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
13860884 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
9843495 usd
CY2022Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
502389 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
1945686 shares
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3813014 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3960630 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
11915198 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
9843495 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
219466234
CY2021Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
164179999
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
198364188
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
160690371
CY2022Q3 BHLL Warrants Broker Optionsandstock Options
WarrantsBrokerOptionsandstockOptions
98738276 shares
CY2021Q3 BHLL Warrants Broker Optionsandstock Options
WarrantsBrokerOptionsandstockOptions
150000 shares
BHLL Warrants Broker Optionsandstock Options
WarrantsBrokerOptionsandstockOptions
52317205 shares
BHLL Warrants Broker Optionsandstock Options
WarrantsBrokerOptionsandstockOptions
150000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
318204510 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
164329999 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
250681393 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
160840371 shares
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
988990 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
0.39
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1348434 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.38
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
1516299 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
0.41
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
245125 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
0.52
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
576000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
0.62
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
624750 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.29
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
774750 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
0.40
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
426000 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
0.60
us-gaap Redemption Premium
RedemptionPremium
2500000 usd
CY2022Q3 BHLL Director Redeemed
DirectorRedeemed
2500000 shares
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
750000 cad
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
375000 shares
CY2022Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.30
CY2022Q3 us-gaap Officers Compensation
OfficersCompensation
248472 usd
CY2021Q3 us-gaap Officers Compensation
OfficersCompensation
276049 usd
us-gaap Officers Compensation
OfficersCompensation
1832323 usd
us-gaap Officers Compensation
OfficersCompensation
846604 usd

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