2024 Q1 Form 20-F Financial Statement
#000117625624000079 Filed on August 08, 2024
Income Statement
| Concept | 2024 Q1 | 2024 | 2023 |
|---|---|---|---|
| Revenue | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $349.5K | $3.501M | $3.782M |
| YoY Change | -87.47% | -7.44% | 34.93% |
| % of Gross Profit | |||
| Research & Development | $28.42K | $2.583M | $1.821M |
| YoY Change | -97.31% | 41.89% | 13.15% |
| % of Gross Profit | |||
| Depreciation & Amortization | $130.00 | $490.00 | $120.00 |
| YoY Change | 8.33% | 308.33% | |
| % of Gross Profit | |||
| Operating Expenses | $377.9K | $6.084M | $5.603M |
| YoY Change | -90.18% | 8.59% | 26.99% |
| Operating Profit | |||
| YoY Change | |||
| Interest Expense | -$175.8K | -$549.8K | -$82.54K |
| YoY Change | 2.6% | 566.08% | -51687.5% |
| % of Operating Profit | |||
| Other Income/Expense, Net | $65.19K | $748.7K | $183.9K |
| YoY Change | -64.55% | 307.16% | -8.5% |
| Pretax Income | -$1.060M | -$6.635M | -$5.751M |
| YoY Change | -67.79% | 15.38% | 22.58% |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | -$1.060M | -6.635M cads | -$5.751M |
| YoY Change | -67.79% | 15.38% | 22.58% |
| Net Earnings / Revenue | |||
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | -$0.02 | -$0.14 | -$0.22 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 50.85M shares | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2024 Q1 | 2024 | 2023 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $1.892M | $1.892M | $4.402M |
| YoY Change | -57.01% | -57.01% | 3848.29% |
| Cash & Equivalents | |||
| Short-Term Investments | $187.4K | $187.4K | $737.4K |
| Other Short-Term Assets | $310.2K | $310.2K | $1.027M |
| YoY Change | -69.8% | -69.8% | 38.65% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | |||
| Other Receivables | |||
| Total Short-Term Assets | $2.329M | $2.329M | $5.507M |
| YoY Change | -57.7% | -57.7% | 520.18% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $6.957M | $6.957M | $7.494M |
| YoY Change | -7.16% | -7.16% | 24.79% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $11.00K | $11.00K | $11.00K |
| YoY Change | 0.0% | 0.0% | 0.0% |
| Total Long-Term Assets | 6.968M cads | $6.968M | $7.505M |
| YoY Change | -7.15% | -7.15% | 24.75% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $2.329M | $2.329M | $5.507M |
| Total Long-Term Assets | 6.968M cads | $6.968M | $7.505M |
| Total Assets | 9.297M cads | $9.297M | $13.01M |
| YoY Change | -28.54% | -28.54% | 88.47% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $206.6K | $206.6K | $456.6K |
| YoY Change | -54.76% | -54.76% | 102.21% |
| Accrued Expenses | $30.00K | $30.00K | $1.978M |
| YoY Change | -98.48% | -98.48% | 5245.46% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $651.0K | $651.0K | $3.512M |
| YoY Change | -81.46% | -81.46% | 718.78% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | |||
| YoY Change | |||
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $651.0K | $651.0K | $3.512M |
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Total Liabilities | 651.0K cads | $651.0K | $3.512M |
| YoY Change | -81.46% | -81.46% | 718.78% |
| 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 | $8.646M | $8.646M | $9.499M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $9.297M | $9.297M | $13.01M |
| YoY Change | -28.54% | -28.54% | 88.47% |
Cashflow Statement
| Concept | 2024 Q1 | 2024 | 2023 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$1.060M | -6.635M cads | -$5.751M |
| YoY Change | -67.79% | 15.38% | 22.58% |
| Depreciation, Depletion And Amortization | $130.00 | $490.00 | $120.00 |
| YoY Change | 8.33% | 308.33% | |
| Cash From Operating Activities | $300.1K | -$4.111M | -$3.055M |
| YoY Change | -116.88% | 34.55% | -32.16% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $0.00 | $52.50K | $510.9K |
| YoY Change | -100.0% | -89.72% | -175.69% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $716.4K | ||
| YoY Change | |||
| Cash From Investing Activities | $0.00 | -$52.50K | $205.5K |
| YoY Change | -100.0% | -125.55% | -130.44% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $0.00 | ||
| YoY Change | -100.0% | ||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -735.7K | 2.204M | 6.403M |
| YoY Change | -151.04% | -65.58% | 104.47% |
| NET CHANGE | |||
| Cash From Operating Activities | 300.1K | -4.111M | -3.055M |
| Cash From Investing Activities | 0.000 | -52.50K | 205.5K |
| Cash From Financing Activities | -735.7K | 2.204M | 6.403M |
| Net Change In Cash | -435.7K | -1.960M | 3.553M |
| YoY Change | 70.29% | -155.15% | -273.56% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $300.1K | -$4.111M | -$3.055M |
| Capital Expenditures | $0.00 | $52.50K | $510.9K |
| Free Cash Flow | $300.1K | -$4.163M | -$3.566M |
| YoY Change | -113.11% | 16.75% | -6.86% |
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|
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| CY2024 | femff |
Adjustment In Share Subscriptions
AdjustmentInShareSubscriptions
|
19134 | cad |
| CY2024 | ifrs-full |
Profit Loss
ProfitLoss
|
-6635073 | cad |
| CY2024Q1 | ifrs-full |
Equity
Equity
|
8646363 | cad |
| CY2024 | ifrs-full |
Profit Loss
ProfitLoss
|
-6635073 | cad |
| CY2023 | ifrs-full |
Profit Loss
ProfitLoss
|
-5750583 | cad |
| CY2022 | ifrs-full |
Profit Loss
ProfitLoss
|
-4691322 | cad |
| CY2024 | ifrs-full |
Adjustments For Amortisation Expense
AdjustmentsForAmortisationExpense
|
485 | cad |
| CY2023 | ifrs-full |
Adjustments For Amortisation Expense
AdjustmentsForAmortisationExpense
|
121 | cad |
| CY2024 | ifrs-full |
Adjustments For Sharebased Payments
AdjustmentsForSharebasedPayments
|
1786445 | cad |
| CY2023 | ifrs-full |
Adjustments For Sharebased Payments
AdjustmentsForSharebasedPayments
|
2190000 | cad |
| CY2022 | ifrs-full |
Adjustments For Sharebased Payments
AdjustmentsForSharebasedPayments
|
632450 | cad |
| CY2024 | femff |
Adjustments For Unrealized Loss On Marketable Securities
AdjustmentsForUnrealizedLossOnMarketableSecurities
|
549946 | cad |
| CY2023 | femff |
Adjustments For Unrealized Loss On Marketable Securities
AdjustmentsForUnrealizedLossOnMarketableSecurities
|
66899 | cad |
| CY2023 | femff |
Adjustments For Gain On Option Of Exploration And Evaluation Assets
AdjustmentsForGainOnOptionOfExplorationAndEvaluationAssets
|
-832302 | cad |
| CY2024 | ifrs-full |
Adjustments For Increase Decrease In Other Operating Payables
AdjustmentsForIncreaseDecreaseInOtherOperatingPayables
|
-49134 | cad |
| CY2024 | ifrs-full |
Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss Exploration And Evaluation Assets
AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossExplorationAndEvaluationAssets
|
749771 | cad |
| CY2023 | ifrs-full |
Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss Exploration And Evaluation Assets
AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossExplorationAndEvaluationAssets
|
1081250 | cad |
| CY2022 | ifrs-full |
Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss Exploration And Evaluation Assets
AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossExplorationAndEvaluationAssets
|
480250 | cad |
| CY2024 | femff |
Adjustments For Flowthrough Recovery
AdjustmentsForFlowthroughRecovery
|
-717679 | cad |
| CY2023 | femff |
Adjustments For Flowthrough Recovery
AdjustmentsForFlowthroughRecovery
|
-185872 | cad |
| CY2022 | femff |
Adjustments For Flowthrough Recovery
AdjustmentsForFlowthroughRecovery
|
-200961 | cad |
| CY2024 | ifrs-full |
Adjustments For Decrease Increase In Prepaid Expenses
AdjustmentsForDecreaseIncreaseInPrepaidExpenses
|
668099 | cad |
| CY2023 | ifrs-full |
Adjustments For Decrease Increase In Prepaid Expenses
AdjustmentsForDecreaseIncreaseInPrepaidExpenses
|
-328434 | cad |
| CY2022 | ifrs-full |
Adjustments For Decrease Increase In Prepaid Expenses
AdjustmentsForDecreaseIncreaseInPrepaidExpenses
|
-652571 | cad |
| CY2024 | ifrs-full |
Adjustments For Increase Decrease In Trade And Other Payables
AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables
|
-333822 | cad |
| CY2023 | ifrs-full |
Adjustments For Increase Decrease In Trade And Other Payables
AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables
|
355607 | cad |
| CY2022 | ifrs-full |
Adjustments For Increase Decrease In Trade And Other Payables
AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables
|
-18164 | cad |
| CY2024 | ifrs-full |
Adjustments For Increase Decrease In Other Liabilities
AdjustmentsForIncreaseDecreaseInOtherLiabilities
|
-130007 | cad |
| CY2023 | ifrs-full |
Adjustments For Increase Decrease In Other Liabilities
AdjustmentsForIncreaseDecreaseInOtherLiabilities
|
347953 | cad |
| CY2022 | ifrs-full |
Adjustments For Increase Decrease In Other Liabilities
AdjustmentsForIncreaseDecreaseInOtherLiabilities
|
-53442 | cad |
| CY2024 | ifrs-full |
Cash Flows From Used In Operating Activities
CashFlowsFromUsedInOperatingActivities
|
-4110969 | cad |
| CY2023 | ifrs-full |
Cash Flows From Used In Operating Activities
CashFlowsFromUsedInOperatingActivities
|
-3055361 | cad |
| CY2022 | ifrs-full |
Cash Flows From Used In Operating Activities
CashFlowsFromUsedInOperatingActivities
|
-4503760 | cad |
| CY2024 | ifrs-full |
Purchase Of Exploration And Evaluation Assets
PurchaseOfExplorationAndEvaluationAssets
|
52500 | cad |
| CY2023 | ifrs-full |
Purchase Of Exploration And Evaluation Assets
PurchaseOfExplorationAndEvaluationAssets
|
508500 | cad |
| CY2022 | ifrs-full |
Purchase Of Exploration And Evaluation Assets
PurchaseOfExplorationAndEvaluationAssets
|
675000 | cad |
| CY2023 | ifrs-full |
Proceeds From Disposal Of Exploration And Evaluation Assets
ProceedsFromDisposalOfExplorationAndEvaluationAssets
|
716377 | cad |
| CY2023 | ifrs-full |
Purchase Of Property Plant And Equipment Classified As Investing Activities
PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities
|
2428 | cad |
| CY2024 | ifrs-full |
Cash Flows From Used In Investing Activities
CashFlowsFromUsedInInvestingActivities
|
-52500 | cad |
| CY2023 | ifrs-full |
Cash Flows From Used In Investing Activities
CashFlowsFromUsedInInvestingActivities
|
205449 | cad |
| CY2022 | ifrs-full |
Cash Flows From Used In Investing Activities
CashFlowsFromUsedInInvestingActivities
|
-675000 | cad |
| CY2024 | femff |
Proceeds From Financing
ProceedsFromFinancing
|
2324999 | cad |
| CY2023 | femff |
Proceeds From Financing
ProceedsFromFinancing
|
6620375 | cad |
| CY2022 | femff |
Proceeds From Financing
ProceedsFromFinancing
|
3200000 | cad |
| CY2024 | ifrs-full |
Payments For Share Issue Costs
PaymentsForShareIssueCosts
|
121200 | cad |
| CY2023 | ifrs-full |
Payments For Share Issue Costs
PaymentsForShareIssueCosts
|
217371 | cad |
| CY2022 | ifrs-full |
Payments For Share Issue Costs
PaymentsForShareIssueCosts
|
82442 | cad |
| CY2022 | ifrs-full |
Proceeds From Exercise Of Warrants
ProceedsFromExerciseOfWarrants
|
14000 | cad |
| CY2024 | ifrs-full |
Cash Flows From Used In Financing Activities
CashFlowsFromUsedInFinancingActivities
|
2203799 | cad |
| CY2023 | ifrs-full |
Cash Flows From Used In Financing Activities
CashFlowsFromUsedInFinancingActivities
|
6403004 | cad |
| CY2022 | ifrs-full |
Cash Flows From Used In Financing Activities
CashFlowsFromUsedInFinancingActivities
|
3131558 | cad |
| CY2024 | ifrs-full |
Increase Decrease In Cash And Cash Equivalents Before Effect Of Exchange Rate Changes
IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges
|
-1959670 | cad |
| CY2023 | ifrs-full |
Increase Decrease In Cash And Cash Equivalents Before Effect Of Exchange Rate Changes
IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges
|
3553092 | cad |
| CY2022 | ifrs-full |
Increase Decrease In Cash And Cash Equivalents Before Effect Of Exchange Rate Changes
IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges
|
-2047202 | cad |
| CY2023Q1 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
3664578 | cad |
| CY2022Q1 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
111486 | cad |
| CY2021Q1 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
2158688 | cad |
| CY2024Q1 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
1704908 | cad |
| CY2023Q1 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
3664578 | cad |
| CY2022Q1 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
111486 | cad |
| CY2024 | femff |
Shares Issued For Exploration And Evaluation Assets
SharesIssuedForExplorationAndEvaluationAssets
|
1995416 | cad |
| CY2023 | femff |
Shares Issued For Exploration And Evaluation Assets
SharesIssuedForExplorationAndEvaluationAssets
|
931526 | cad |
| CY2022 | femff |
Shares Issued For Exploration And Evaluation Assets
SharesIssuedForExplorationAndEvaluationAssets
|
5027000 | cad |
| CY2024 | femff |
Fair Value Of Warrants Issued In Connection With Financing
FairValueOfWarrantsIssuedInConnectionWithFinancing
|
128767 | cad |
| CY2023 | femff |
Fair Value Of Warrants Issued In Connection With Financing
FairValueOfWarrantsIssuedInConnectionWithFinancing
|
234175 | cad |
| CY2022 | femff |
Fair Value Of Warrants Issued In Connection With Financing
FairValueOfWarrantsIssuedInConnectionWithFinancing
|
880124 | cad |
| CY2023 | femff |
Fair Value Of Shares Issued To Finders
FairValueOfSharesIssuedToFinders
|
24083 | cad |
| CY2022 | femff |
Fair Value Of Shares Issued To Finders
FairValueOfSharesIssuedToFinders
|
19134 | cad |
| CY2022 | femff |
Fair Value Of Warrants Exercised
FairValueOfWarrantsExercised
|
11150 | cad |
| CY2023 | femff |
Exploration And Evaluation Assets In Accounts Payable
ExplorationAndEvaluationAssetsInAccountsPayable
|
1834000 | cad |
| CY2022 | femff |
Exploration And Evaluation Assets In Accounts Payable
ExplorationAndEvaluationAssetsInAccountsPayable
|
18000 | cad |
| CY2024 | femff |
Writedown Of Accrued Exploration And Evaluation Acquisition Costs Included In Accounts Payable
WritedownOfAccruedExplorationAndEvaluationAcquisitionCostsIncludedInAccountsPayable
|
1834000 | cad |
| CY2022 | femff |
Writedown Of Accrued Exploration And Evaluation Acquisition Costs Included In Accounts Payable
WritedownOfAccruedExplorationAndEvaluationAcquisitionCostsIncludedInAccountsPayable
|
121000 | cad |
| CY2024 | ifrs-full |
Disclosure Of Discontinued Operations Explanatory
DisclosureOfDiscontinuedOperationsExplanatory
|
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">1.</td><td style="text-align: justify">Nature of Operations and Going Concern</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">FE Battery Metals Corp. (“FE Battery” or the “Company”), was incorporated on October 12, 1966 in the Province of British Columbia under the Business Corporations Act of British Columbia, and its principal business activity is the exploration of mineral properties in Canada.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On October 25, 2022, First Energy Metals Limited changed its name to FE Battery Metals Corp<span style="font-size: 10pt">.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On November 1, 2022, the Company completed a share consolidation of its capital on the basis of 3.8 existing common shares for 1 new post consolidation common share. All common shares, per common share amounts, warrants and stock options in these financial statements have been retroactively restated to reflect the share consolidation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company’s head office and principal address is Suite 2421 – 1055 West Georgia Street, Vancouver, B.C., Canada, V6E 3P3. The Company’s registered and records office is 25th Floor-700 West Georgia Street, Vancouver, B.C., Canada, V7Y 1B3.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company will need to raise sufficient funds as the Company’s current assets are not sufficient to finance its operations and administrative expenses. The Company is evaluating financing options including, but not limited to, the issuance of additional equity and debt. The Company has no assurance that such financing will be available or be available on favourable terms. Factors that could affect the availability of financing include the Company’s performance (as measured by numerous factors including the progress and results of its projects), the state of international debt and equity markets, investor perceptions and expectations and the global financial and metals markets. In addition to evaluating financing options, the Company has also implemented cost savings measures.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The 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> | |
| CY2024 | ifrs-full |
Disclosure Of Material Accounting Policy Information Explanatory
DisclosureOfMaterialAccountingPolicyInformationExplanatory
|
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">2.</td><td style="text-align: justify">Basis of Preparation and Material Accounting Policy Information</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left"><b>(a)</b></td><td style="text-align: justify"><b>Statement of Compliance</b></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">These financial statements, including comparatives, have been prepared in accordance with International Accounting Standard 1, Presentation of Financial Statements (“IAS 1”) as issued by the International Accounting Standards Board (“IASB”). The policies applied in these financial statements are based on International Financial Reporting Standards (“IFRS”) and interpretations of the International Financial Reporting Interpretations Committee (“IFRIC”) issued and outstanding as at July 29, 2024, the date the board of directors approved these financial statements for issue.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(b)</td><td style="text-align: justify">Basis of Measurement and Presentation</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">These financial statements have been prepared using the historical cost convention using the accrual basis of accounting except for some financial instruments, which have been measured at fair value. In the opinion of management, all adjustments (including normal recurring accruals) considered necessary for a fair presentation have been included.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(c)</td><td style="text-align: justify">Cash</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Cash consists of cash held in bank accounts. For purposes of the statement of cash flows, the Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents to the extent the funds are not being held for investment purposes.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left"><b>(d)</b></td><td style="text-align: justify"><b>Exploration and Evaluation Assets</b></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Exploration and evaluation acquisition costs are considered assets and capitalized at cost. When shares are issued as consideration for exploration and evaluation asset costs, they are valued at the closing share price on the date of issuance. Payments relating to a property acquired under an option or joint venture agreement, where payments are made at the sole discretion of the Company, are recorded in the accounts upon payment. When the technical and commercial viability of a mineral interest has been demonstrated and a development decision has been made, accumulated expenses will be tested for impairment before they are reclassified to assets and amortized on a unit of production basis over the useful life of the ore body following commencement of commercial production.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Costs incurred before the Company has obtained the legal rights to explore an area are expensed. Mineral property exploration and evaluation expenditures are expensed until the property reaches the development stage.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The recoverability of the amounts capitalized for exploration and evaluation assets is dependent upon the determination of economically recoverable mineral deposits, confirmation of the Company’s interest in the underlying mineral claims, the ability to obtain the necessary financing to complete their development, and future profitable production or proceeds from the disposition thereof. If it is determined that exploration and evaluation assets are not recoverable, the property is abandoned, or management has determined an impairment in value, the property is written down to its estimated recoverable amount.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Refer to note 3(c).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(e)</td><td style="text-align: justify">Financial Instruments</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial instruments are measured on initial recognition at fair value, plus, in the case of financial instruments other than those classified as fair value through profit or loss (“FVPL”), directly attributable transaction costs. Financial instruments are recognized when the Company become party to the contracts that give rise to them and are classified as amortized cost, fair value through profit or loss or fair value through other comprehensive income, as appropriate.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company considers whether a contract contains an embedded derivative when the entity first becomes a party to it. The embedded derivatives are separated from the host contract if the host contract is not measured at fair value through profit or loss and when the economic characteristics and risks are not closely related to those of the host contract. Reassessment only occurs if there is a change in the terms of the contract that significantly modifies the cash flows that would otherwise be required.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Financial assets at FVPL</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial assets at FVPL include financial assets held for trading and financial assets not designated upon initial recognition as amortized cost or fair value through other comprehensive income (“FVOCI”). A financial asset is classified in this category principally for the purpose of selling in the short term, or if so designated by management. Transaction costs are expensed as incurred. On initial recognition, a financial asset that otherwise meets the requirements to be measured at amortized cost or FVOCI may be irrevocably designated as FVPL if doing so eliminates or significantly reduces an accounting mismatch that would otherwise arise. Financial assets measured at FVPL are measured at fair value with changes in fair value recognized in profit or loss. The Company’s marketable securities being equity securities of other listed entities, are classified as FVPL.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Financial assets at FVOCI</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On initial recognition of an equity investment that is not held for trading, an irrevocable election is available to measure the investment at fair value upon initial recognition plus directly attributable transaction costs and at each period end, changes in fair value are recognized in other comprehensive income (“OCI”) with no reclassification to profit or loss. The election is available on an investment-by-investment basis. None of the Company’s financial assets are classified as FVOCI.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Financial assets at amortized cost</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A financial asset is measured at amortized cost if it is held within a business model whose objective is to hold assets to collect contractual cash flows and its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding, and is not designated as FVPL. Financial assets classified as amortized cost are measured subsequent to initial recognition at amortized cost using the effective interest method. Cash, other receivables and certain other assets are classified as and measured at amortized cost.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Financial liabilities</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial liabilities, including accounts payable and accrued liabilities and finance leases are recognized initially at fair value, net of transaction costs. After initial recognition, other financial liabilities are subsequently measured at amortized cost using the effective interest method. Gains and losses are recognized in net earnings when the liabilities are derecognized as well as through the amortization process. Borrowing liabilities are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least 12 months after the statement of financial position date. Accounts payable and accrued liabilities and due to related parties are classified as and measured at amortized cost.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Derivative instruments</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Derivative instruments, including embedded derivatives, are measured at fair value on initial recognition and at each subsequent reporting period. Any gains or losses arising from changes in fair value on derivatives are recorded in profit or loss.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Fair values</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The fair value of quoted investments is determined by reference to market prices at the close of business on the statement of financial position date. Where there is no active market, fair value is determined using valuation techniques. These include using recent arm’s length market transactions; reference to the current market value of another instrument which is substantially the same; discounted cash flow analysis; and, pricing models.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial instruments that are measured at fair value subsequent to initial recognition are grouped into a hierarchy based on the degree to which the fair value is observable as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Level 2 – Inputs other than quoted prices that are observable for the asset or liability either directly or indirectly; and</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Level 3 – Inputs that are not based on observable market data.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Impairment of financial assets</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A loss allowance for expected credit losses is recognized in OCI for financial assets measured at amortized cost. At each balance sheet date, on a forward-looking basis, the Company assesses the expected credit losses associated with its financial assets carried at amortized cost and FVOCI. The impairment methodology applied depends on whether there has been a significant increase in credit risk. The impairment model does not apply to investment in equity instruments. The expected credit losses are required to be measured through a loss allowance at an amount equal to the 12- month expected credit losses (expected credit losses that result from those default events on the financial instrument that are possible within 12 months after the reporting date) or full lifetime expected credit losses (expected credit losses that result from all possible default events over the life of the financial instrument). A loss allowance for full lifetime expected credit losses is required for a financial instrument if the credit risk of that financial instrument has increased significantly since initial recognition.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Derecognition of financial assets and liabilities</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A financial asset is derecognised when either the rights to receive cash flows from the asset have expired or the Company has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full without material delay to a third party. If neither the rights to receive cash flows from the asset have expired nor the Company has transferred its rights to receive cash flows from the asset, the Company will assess whether it has relinquished control of the asset or not. If the Company does not control the asset, then derecognition is appropriate.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A financial liability is derecognised when the associated obligation is discharged or canceled or expired. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as the derecognition of the original liability and the recognition of a new liability. The difference in the respective carrying amounts is recognised in profit or loss.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(f)</td><td style="text-align: justify">Equipment</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Equipment is recorded at cost and depreciated over its estimated useful life. The cost of an item includes the purchase price and directly attributable costs to bring the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Where an item of equipment comprises major components with different useful lives, the components are accounted for as separate items of equipment.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of the replaced part is derecognized. All other repairs and maintenance are charged to the statement of operations and comprehensive loss during the financial period in which they are incurred.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Depreciation is recognized using the straight-line basis over the estimated useful lives of the various classes of equipment, ranging from three to five years. Depreciation methods, useful lives and residual values are reviewed at each financial year end and are adjusted if appropriate.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(g)</td><td style="text-align: justify">Impairment of Tangible and Intangible Assets</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">At the end of each reporting period, the Company’s assets are reviewed to determine whether there is any indication that the assets may be impaired. If such indication exists, the recoverable amount of the identified asset is estimated in order to determine the extent of the impairment, if any. The recoverable amount is the higher of fair value less cost to sell and value in use. Fair value is determined as the amount that would be obtained from the sale of the asset in an arm’s length transaction between knowledgeable and willing parties. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount and the impairment loss is recognized in profit or loss for the period. For an asset that does not generate largely independent cash flows, the recoverable amount is determined for the cash generating unit to which the asset belongs.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Where it is possible to estimate the recoverable amount of an individual asset, the impairment test is carried out on the asset’s cash-generating unit, which is the lowest group of assets in which the asset belongs for which there are separately identifiable cash inflows that are largely independent of the cash inflows from other assets. Each of the Company’s exploration and evaluation properties is considered to be a cash-generating unit for which impairment testing is performed.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash generating unit) is increased to the revised estimate of its recoverable amount, but to an amount that does not exceed the carrying amount that would have been determined had no impairment loss been recognized for the asset (or cash-generating unit) in prior reporting periods. A reversal of an impairment loss is recognized immediately in profit or loss.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Management’s estimates of mineral prices, recoverable reserves, and operating, capital and restoration costs are subject to certain risks and uncertainties that may affect the recoverability of exploration and evaluation assets. A mining enterprise is required to consider the conditions for impairment write-down. The conditions include significant unfavorable economic, legal regulatory, environmental, political and other factors. In addition, management’s development activities towards its planned principal operations are key factors considered as part of the ongoing assessment of the recoverability of the carrying amount of exploration and evaluation assets. Whenever events or changes in circumstances indicate that the carrying amount of a mineral property in the exploration stage may be impaired, the capitalized costs are written down to the estimated recoverable amount. Although management has made its best estimate of these factors, it is possible that changes could occur in the near term that could adversely affect management’s estimate of the net cash flow to be generated from its projects.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(h)</td><td style="text-align: justify">Income Taxes</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Income tax expense 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. Current tax expense is the expected tax payable on 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, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Deferred tax is recorded using the 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. Temporary differences are not provided for goodwill that is not deductible for tax purposes, the initial recognition of assets or liabilities that affect neither accounting nor taxable loss, and 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 at the statement of financial position date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; 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 utilized. To the extent that the Company does not consider it probable that a deferred tax asset will be recovered, it provides a valuation allowance against that excess.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(i)</td><td style="text-align: justify">Foreign Currency Translation</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The functional currency of an entity is the currency of the primary economic environment in which the entity operates. The functional currency of the Company is the Canadian dollar. The functional currency determinations were made through an analysis of the consideration factors identified in IAS 21, <i>The Effects of Changes in Foreign Exchange Rates</i>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Transactions in currencies other than the Canadian dollar are recorded at exchange rates prevailing on the dates of the transactions. At the end of each reporting period, monetary assets and liabilities denominated in foreign currencies are translated at the period end exchange rate while non-monetary assets and liabilities are translated at historical rates. Revenue and expenses are translated at the exchange rates approximating those in effect on the date of the transactions. Exchange gains and losses arising on translation are included in the statement of operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(j)</td><td style="text-align: justify">Share-based Payments</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company accounts for stock options issued to directors and employees at the fair value determined on the grant date using the Black-Scholes option pricing model. The fair value of the options is recognized as an expense using the graded vesting method where the fair value of each tranche is recognized over its respective vesting period. When stock options are forfeited prior to becoming fully vested, any expense previously recorded is reversed.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Share-based payments made to non-employees are measured at the fair value of the goods or services received or the fair value of the equity instruments issued, if it is determined that the fair value of the goods or services cannot be reliably measured. These payments are recorded at the date the goods and services are received.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Share purchase warrants issued are recorded at estimated fair values determined on the grant date using the Black-Scholes model. If and when the stock options or share purchase warrants are ultimately exercised, the applicable amounts of their fair values in the reserve accounts are transferred to share capital.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(k)</td><td style="text-align: justify">Restricted share units</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company measures the cost of equity-settled share-based transactions by reference to the fair value of the equity instruments at the date at which they are granted. For restricted share units (“RSU’s”), the fair value of the grant is determined by multiplying the Company’s share price at grant date by the number of RSU’s granted.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(l)</td><td style="text-align: justify">Marketable securities</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Marketable securities are investments in publicly traded companies.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(m)</td><td style="text-align: justify">Share Capital</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Common shares issued for non-monetary consideration are recorded at their fair value on the measurement date and classified as equity. The measurement date is defined as the earliest of the date at which the commitment for performance by the counterparty to earn the common shares is reached or the date at which the counterparty’s performance is complete.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Transaction costs directly attributable to the issuance of common shares and share purchase options are recognized as a deduction from equity, net of any tax effects.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The proceeds from the issue of the units are allocated between common shares and share purchase warrants on a pro-rata basis based on the relative fair values as follows: the fair value of the common shares is based on the market closing price on the date the units are issued and fair value of the share purchase warrants is determined using the Black-Scholes option pricing model.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(n)</td><td style="text-align: justify">Earnings (Loss) per Common Share</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Basic earnings (loss) per common share is calculated by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding during the period. Dilutive earnings per share reflect the potential dilution of securities that could share in the earnings of an entity. In periods where a net loss is incurred, potentially dilutive common shares are excluded from the loss per share calculation as the effect would be anti-dilutive and basic and diluted loss per common share are the same. In a profit year, under the treasury stock method, the weighted average number of common shares outstanding used for the calculation of diluted earnings per share assumes that the proceeds to be received on the exercise of dilutive stock options and share purchase warrants are used to repurchase common shares at the average price during the period.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(o)</td><td style="text-align: justify">Flow-through Shares</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Share capital includes flow-through shares which is a unique Canadian tax incentive pursuant to certain provisions of the Canadian Income Tax Act. Proceeds from the issuance of flow-through shares are used to fund qualified Canadian exploration and evaluation projects and the related income tax deductions are renounced to the subscribers of the flow- through shares. The premium paid for flow-through shares in excess of the market value of the shares without flow-through features, at the time of issue, is credited to other liabilities and recognized in income at the time qualifying expenditures are incurred. The Company also recognizes a deferred tax liability with a corresponding charge in the statement of operations when the qualifying exploration and evaluation expenditures are renounced. If the Company has sufficient tax assets to offset the deferred tax liability, the liability will be offset by the recognition of a corresponding deferred tax asset and recovery of deferred income taxes through profit or loss in the reporting period.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Proceeds received from the issuance of flow-through shares are restricted to be used only for Canadian resource property exploration expenditures within a two-year period. The portion of the proceeds received but not yet expended at the end of the Company’s period is disclosed separately as flow-through expenditure commitments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company may also be subject to a Part XII.6 tax on flow-through proceeds, renounced under the Look-back Rule, in accordance with Government of Canada flow-through regulations. When applicable, this tax is accrued as a financial expense until paid.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(p)</td><td style="text-align: justify">Decommissioning Liabilities</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company is subject to various government laws and regulations relating to environmental disturbances caused by exploration and evaluation activities. The Company records the present value of the estimated costs of legal and constructive obligations required to restore the exploration sites in the period in which the obligation is incurred. The nature of the rehabilitation activities includes restoration, reclamation and re-vegetation of the affected exploration sites.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The rehabilitation provision generally arises when the environmental disturbance is subject to government laws and regulations. When the liability is recognized, the present value of the estimated costs is capitalized by increasing the carrying amount of the related mining assets. Over time, the discounted liability is increased for the changes in present value based on current market discount rates and liability specific risks. Additional environmental disturbances or changes in rehabilitation costs will be recognized as additions to the corresponding assets and rehabilitation liability in the period in which they occur.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(q)</td><td style="text-align: justify">New, Amended and Future IFRS Pronouncements</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Accounting standards and amendments issued but not yet adopted</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">There are no other IFRS that are not yet effective that would be expected to have a material impact on the Company. Certain new accounting standards, amendments to existing standards and interpretations have been issued but have future effective dates that are either not applicable or are not expected to have a significant impact on the Company’s financial statements.</p> | |
| CY2024 | femff |
Description Of Accounting Policy For Statement Of Compliance Explanatory
DescriptionOfAccountingPolicyForStatementOfComplianceExplanatory
|
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left"><b>(a)</b></td><td style="text-align: justify"><b>Statement of Compliance</b></td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">These financial statements, including comparatives, have been prepared in accordance with International Accounting Standard 1, Presentation of Financial Statements (“IAS 1”) as issued by the International Accounting Standards Board (“IASB”). The policies applied in these financial statements are based on International Financial Reporting Standards (“IFRS”) and interpretations of the International Financial Reporting Interpretations Committee (“IFRIC”) issued and outstanding as at July 29, 2024, the date the board of directors approved these financial statements for issue.</p> | |
| CY2024 | femff |
Description Of Accounting Policy For Basis Of Measurement And Presentation Explanatory
DescriptionOfAccountingPolicyForBasisOfMeasurementAndPresentationExplanatory
|
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(b)</td><td style="text-align: justify">Basis of Measurement and Presentation</td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">These financial statements have been prepared using the historical cost convention using the accrual basis of accounting except for some financial instruments, which have been measured at fair value. In the opinion of management, all adjustments (including normal recurring accruals) considered necessary for a fair presentation have been included.</p> | |
| CY2024 | ifrs-full |
Description Of Accounting Policy To Determine Components Of Cash And Cash Equivalents
DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents
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<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(c)</td><td style="text-align: justify">Cash</td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Cash consists of cash held in bank accounts. For purposes of the statement of cash flows, the Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents to the extent the funds are not being held for investment purposes.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | |
| CY2024 | ifrs-full |
Description Of Accounting Policy For Exploration And Evaluation Expenditures
DescriptionOfAccountingPolicyForExplorationAndEvaluationExpenditures
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<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left"><b>(d)</b></td><td style="text-align: justify"><b>Exploration and Evaluation Assets</b></td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Exploration and evaluation acquisition costs are considered assets and capitalized at cost. When shares are issued as consideration for exploration and evaluation asset costs, they are valued at the closing share price on the date of issuance. Payments relating to a property acquired under an option or joint venture agreement, where payments are made at the sole discretion of the Company, are recorded in the accounts upon payment. When the technical and commercial viability of a mineral interest has been demonstrated and a development decision has been made, accumulated expenses will be tested for impairment before they are reclassified to assets and amortized on a unit of production basis over the useful life of the ore body following commencement of commercial production.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Costs incurred before the Company has obtained the legal rights to explore an area are expensed. Mineral property exploration and evaluation expenditures are expensed until the property reaches the development stage.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The recoverability of the amounts capitalized for exploration and evaluation assets is dependent upon the determination of economically recoverable mineral deposits, confirmation of the Company’s interest in the underlying mineral claims, the ability to obtain the necessary financing to complete their development, and future profitable production or proceeds from the disposition thereof. If it is determined that exploration and evaluation assets are not recoverable, the property is abandoned, or management has determined an impairment in value, the property is written down to its estimated recoverable amount.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Refer to note 3(c).</p> | |
| CY2024 | ifrs-full |
Description Of Accounting Policy For Financial Instruments Explanatory
DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory
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<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(e)</td><td style="text-align: justify">Financial Instruments</td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial instruments are measured on initial recognition at fair value, plus, in the case of financial instruments other than those classified as fair value through profit or loss (“FVPL”), directly attributable transaction costs. Financial instruments are recognized when the Company become party to the contracts that give rise to them and are classified as amortized cost, fair value through profit or loss or fair value through other comprehensive income, as appropriate.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company considers whether a contract contains an embedded derivative when the entity first becomes a party to it. The embedded derivatives are separated from the host contract if the host contract is not measured at fair value through profit or loss and when the economic characteristics and risks are not closely related to those of the host contract. Reassessment only occurs if there is a change in the terms of the contract that significantly modifies the cash flows that would otherwise be required.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Financial assets at FVPL</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial assets at FVPL include financial assets held for trading and financial assets not designated upon initial recognition as amortized cost or fair value through other comprehensive income (“FVOCI”). A financial asset is classified in this category principally for the purpose of selling in the short term, or if so designated by management. Transaction costs are expensed as incurred. On initial recognition, a financial asset that otherwise meets the requirements to be measured at amortized cost or FVOCI may be irrevocably designated as FVPL if doing so eliminates or significantly reduces an accounting mismatch that would otherwise arise. Financial assets measured at FVPL are measured at fair value with changes in fair value recognized in profit or loss. The Company’s marketable securities being equity securities of other listed entities, are classified as FVPL.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Financial assets at FVOCI</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On initial recognition of an equity investment that is not held for trading, an irrevocable election is available to measure the investment at fair value upon initial recognition plus directly attributable transaction costs and at each period end, changes in fair value are recognized in other comprehensive income (“OCI”) with no reclassification to profit or loss. The election is available on an investment-by-investment basis. None of the Company’s financial assets are classified as FVOCI.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Financial assets at amortized cost</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A financial asset is measured at amortized cost if it is held within a business model whose objective is to hold assets to collect contractual cash flows and its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding, and is not designated as FVPL. Financial assets classified as amortized cost are measured subsequent to initial recognition at amortized cost using the effective interest method. Cash, other receivables and certain other assets are classified as and measured at amortized cost.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Financial liabilities</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial liabilities, including accounts payable and accrued liabilities and finance leases are recognized initially at fair value, net of transaction costs. After initial recognition, other financial liabilities are subsequently measured at amortized cost using the effective interest method. Gains and losses are recognized in net earnings when the liabilities are derecognized as well as through the amortization process. Borrowing liabilities are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least 12 months after the statement of financial position date. Accounts payable and accrued liabilities and due to related parties are classified as and measured at amortized cost.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Derivative instruments</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Derivative instruments, including embedded derivatives, are measured at fair value on initial recognition and at each subsequent reporting period. Any gains or losses arising from changes in fair value on derivatives are recorded in profit or loss.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Fair values</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The fair value of quoted investments is determined by reference to market prices at the close of business on the statement of financial position date. Where there is no active market, fair value is determined using valuation techniques. These include using recent arm’s length market transactions; reference to the current market value of another instrument which is substantially the same; discounted cash flow analysis; and, pricing models.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial instruments that are measured at fair value subsequent to initial recognition are grouped into a hierarchy based on the degree to which the fair value is observable as follows:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities;</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Level 2 – Inputs other than quoted prices that are observable for the asset or liability either directly or indirectly; and</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Level 3 – Inputs that are not based on observable market data.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Impairment of financial assets</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A loss allowance for expected credit losses is recognized in OCI for financial assets measured at amortized cost. At each balance sheet date, on a forward-looking basis, the Company assesses the expected credit losses associated with its financial assets carried at amortized cost and FVOCI. The impairment methodology applied depends on whether there has been a significant increase in credit risk. The impairment model does not apply to investment in equity instruments. The expected credit losses are required to be measured through a loss allowance at an amount equal to the 12- month expected credit losses (expected credit losses that result from those default events on the financial instrument that are possible within 12 months after the reporting date) or full lifetime expected credit losses (expected credit losses that result from all possible default events over the life of the financial instrument). A loss allowance for full lifetime expected credit losses is required for a financial instrument if the credit risk of that financial instrument has increased significantly since initial recognition.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Derecognition of financial assets and liabilities</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A financial asset is derecognised when either the rights to receive cash flows from the asset have expired or the Company has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full without material delay to a third party. If neither the rights to receive cash flows from the asset have expired nor the Company has transferred its rights to receive cash flows from the asset, the Company will assess whether it has relinquished control of the asset or not. If the Company does not control the asset, then derecognition is appropriate.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A financial liability is derecognised when the associated obligation is discharged or canceled or expired. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as the derecognition of the original liability and the recognition of a new liability. The difference in the respective carrying amounts is recognised in profit or loss.</p> | |
| CY2024 | ifrs-full |
Description Of Accounting Policy For Property Plant And Equipment Explanatory
DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory
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<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(f)</td><td style="text-align: justify">Equipment</td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Equipment is recorded at cost and depreciated over its estimated useful life. The cost of an item includes the purchase price and directly attributable costs to bring the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Where an item of equipment comprises major components with different useful lives, the components are accounted for as separate items of equipment.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of the replaced part is derecognized. All other repairs and maintenance are charged to the statement of operations and comprehensive loss during the financial period in which they are incurred.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Depreciation is recognized using the straight-line basis over the estimated useful lives of the various classes of equipment, ranging from three to five years. Depreciation methods, useful lives and residual values are reviewed at each financial year end and are adjusted if appropriate.</p> | |
| CY2024 | femff |
Description Of Accounting Policy For Impairment Of Tangible And Intangible Assets Explanatory
DescriptionOfAccountingPolicyForImpairmentOfTangibleAndIntangibleAssetsExplanatory
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<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(g)</td><td style="text-align: justify">Impairment of Tangible and Intangible Assets</td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">At the end of each reporting period, the Company’s assets are reviewed to determine whether there is any indication that the assets may be impaired. If such indication exists, the recoverable amount of the identified asset is estimated in order to determine the extent of the impairment, if any. The recoverable amount is the higher of fair value less cost to sell and value in use. Fair value is determined as the amount that would be obtained from the sale of the asset in an arm’s length transaction between knowledgeable and willing parties. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount and the impairment loss is recognized in profit or loss for the period. For an asset that does not generate largely independent cash flows, the recoverable amount is determined for the cash generating unit to which the asset belongs.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Where it is possible to estimate the recoverable amount of an individual asset, the impairment test is carried out on the asset’s cash-generating unit, which is the lowest group of assets in which the asset belongs for which there are separately identifiable cash inflows that are largely independent of the cash inflows from other assets. Each of the Company’s exploration and evaluation properties is considered to be a cash-generating unit for which impairment testing is performed.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash generating unit) is increased to the revised estimate of its recoverable amount, but to an amount that does not exceed the carrying amount that would have been determined had no impairment loss been recognized for the asset (or cash-generating unit) in prior reporting periods. A reversal of an impairment loss is recognized immediately in profit or loss.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Management’s estimates of mineral prices, recoverable reserves, and operating, capital and restoration costs are subject to certain risks and uncertainties that may affect the recoverability of exploration and evaluation assets. A mining enterprise is required to consider the conditions for impairment write-down. The conditions include significant unfavorable economic, legal regulatory, environmental, political and other factors. In addition, management’s development activities towards its planned principal operations are key factors considered as part of the ongoing assessment of the recoverability of the carrying amount of exploration and evaluation assets. Whenever events or changes in circumstances indicate that the carrying amount of a mineral property in the exploration stage may be impaired, the capitalized costs are written down to the estimated recoverable amount. Although management has made its best estimate of these factors, it is possible that changes could occur in the near term that could adversely affect management’s estimate of the net cash flow to be generated from its projects.</p> | |
| CY2024 | ifrs-full |
Description Of Accounting Policy For Income Tax Explanatory
DescriptionOfAccountingPolicyForIncomeTaxExplanatory
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<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(h)</td><td style="text-align: justify">Income Taxes</td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Income tax expense 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. Current tax expense is the expected tax payable on 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, Times, Serif; margin: 0pt 0; text-align: justify">Deferred tax is recorded using the 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. Temporary differences are not provided for goodwill that is not deductible for tax purposes, the initial recognition of assets or liabilities that affect neither accounting nor taxable loss, and 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 at the statement of financial position date.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; 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 utilized. To the extent that the Company does not consider it probable that a deferred tax asset will be recovered, it provides a valuation allowance against that excess.</p> | |
| CY2024 | ifrs-full |
Description Of Accounting Policy For Foreign Currency Translation Explanatory
DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory
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<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(i)</td><td style="text-align: justify">Foreign Currency Translation</td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The functional currency of an entity is the currency of the primary economic environment in which the entity operates. The functional currency of the Company is the Canadian dollar. The functional currency determinations were made through an analysis of the consideration factors identified in IAS 21, <i>The Effects of Changes in Foreign Exchange Rates</i>.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Transactions in currencies other than the Canadian dollar are recorded at exchange rates prevailing on the dates of the transactions. At the end of each reporting period, monetary assets and liabilities denominated in foreign currencies are translated at the period end exchange rate while non-monetary assets and liabilities are translated at historical rates. Revenue and expenses are translated at the exchange rates approximating those in effect on the date of the transactions. Exchange gains and losses arising on translation are included in the statement of operations.</p> | |
| CY2024 | ifrs-full |
Description Of Accounting Policy For Sharebased Payment Transactions Explanatory
DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory
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<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(j)</td><td style="text-align: justify">Share-based Payments</td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company accounts for stock options issued to directors and employees at the fair value determined on the grant date using the Black-Scholes option pricing model. The fair value of the options is recognized as an expense using the graded vesting method where the fair value of each tranche is recognized over its respective vesting period. When stock options are forfeited prior to becoming fully vested, any expense previously recorded is reversed.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Share-based payments made to non-employees are measured at the fair value of the goods or services received or the fair value of the equity instruments issued, if it is determined that the fair value of the goods or services cannot be reliably measured. These payments are recorded at the date the goods and services are received.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Share purchase warrants issued are recorded at estimated fair values determined on the grant date using the Black-Scholes model. If and when the stock options or share purchase warrants are ultimately exercised, the applicable amounts of their fair values in the reserve accounts are transferred to share capital.</p> | |
| CY2024 | femff |
Description Of Accounting Policy For Restricted Share Units Explanatory
DescriptionOfAccountingPolicyForRestrictedShareUnitsExplanatory
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<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(k)</td><td style="text-align: justify">Restricted share units</td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company measures the cost of equity-settled share-based transactions by reference to the fair value of the equity instruments at the date at which they are granted. For restricted share units (“RSU’s”), the fair value of the grant is determined by multiplying the Company’s share price at grant date by the number of RSU’s granted.</p> | |
| CY2024 | femff |
Description Of Accounting Policy For Marketable Securities Explanatory
DescriptionOfAccountingPolicyForMarketableSecuritiesExplanatory
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<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(l)</td><td style="text-align: justify">Marketable securities</td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Marketable securities are investments in publicly traded companies.</p> | |
| CY2024 | ifrs-full |
Description Of Accounting Policy For Issued Capital Explanatory
DescriptionOfAccountingPolicyForIssuedCapitalExplanatory
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<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(m)</td><td style="text-align: justify">Share Capital</td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Common shares issued for non-monetary consideration are recorded at their fair value on the measurement date and classified as equity. The measurement date is defined as the earliest of the date at which the commitment for performance by the counterparty to earn the common shares is reached or the date at which the counterparty’s performance is complete.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Transaction costs directly attributable to the issuance of common shares and share purchase options are recognized as a deduction from equity, net of any tax effects.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The proceeds from the issue of the units are allocated between common shares and share purchase warrants on a pro-rata basis based on the relative fair values as follows: the fair value of the common shares is based on the market closing price on the date the units are issued and fair value of the share purchase warrants is determined using the Black-Scholes option pricing model.</p> | |
| CY2024 | ifrs-full |
Description Of Accounting Policy For Earnings Per Share Explanatory
DescriptionOfAccountingPolicyForEarningsPerShareExplanatory
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<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(n)</td><td style="text-align: justify">Earnings (Loss) per Common Share</td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Basic earnings (loss) per common share is calculated by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding during the period. Dilutive earnings per share reflect the potential dilution of securities that could share in the earnings of an entity. In periods where a net loss is incurred, potentially dilutive common shares are excluded from the loss per share calculation as the effect would be anti-dilutive and basic and diluted loss per common share are the same. In a profit year, under the treasury stock method, the weighted average number of common shares outstanding used for the calculation of diluted earnings per share assumes that the proceeds to be received on the exercise of dilutive stock options and share purchase warrants are used to repurchase common shares at the average price during the period.</p> | |
| CY2024 | femff |
Description Of Accounting Policy For Flowthrough Shares Explanatory
DescriptionOfAccountingPolicyForFlowthroughSharesExplanatory
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<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(o)</td><td style="text-align: justify">Flow-through Shares</td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Share capital includes flow-through shares which is a unique Canadian tax incentive pursuant to certain provisions of the Canadian Income Tax Act. Proceeds from the issuance of flow-through shares are used to fund qualified Canadian exploration and evaluation projects and the related income tax deductions are renounced to the subscribers of the flow- through shares. The premium paid for flow-through shares in excess of the market value of the shares without flow-through features, at the time of issue, is credited to other liabilities and recognized in income at the time qualifying expenditures are incurred. The Company also recognizes a deferred tax liability with a corresponding charge in the statement of operations when the qualifying exploration and evaluation expenditures are renounced. If the Company has sufficient tax assets to offset the deferred tax liability, the liability will be offset by the recognition of a corresponding deferred tax asset and recovery of deferred income taxes through profit or loss in the reporting period.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Proceeds received from the issuance of flow-through shares are restricted to be used only for Canadian resource property exploration expenditures within a two-year period. The portion of the proceeds received but not yet expended at the end of the Company’s period is disclosed separately as flow-through expenditure commitments.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company may also be subject to a Part XII.6 tax on flow-through proceeds, renounced under the Look-back Rule, in accordance with Government of Canada flow-through regulations. When applicable, this tax is accrued as a financial expense until paid.</p> | |
| CY2024 | ifrs-full |
Description Of Accounting Policy For Decommissioning Restoration And Rehabilitation Provisions Explanatory
DescriptionOfAccountingPolicyForDecommissioningRestorationAndRehabilitationProvisionsExplanatory
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<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(p)</td><td style="text-align: justify">Decommissioning Liabilities</td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company is subject to various government laws and regulations relating to environmental disturbances caused by exploration and evaluation activities. The Company records the present value of the estimated costs of legal and constructive obligations required to restore the exploration sites in the period in which the obligation is incurred. The nature of the rehabilitation activities includes restoration, reclamation and re-vegetation of the affected exploration sites.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The rehabilitation provision generally arises when the environmental disturbance is subject to government laws and regulations. When the liability is recognized, the present value of the estimated costs is capitalized by increasing the carrying amount of the related mining assets. Over time, the discounted liability is increased for the changes in present value based on current market discount rates and liability specific risks. Additional environmental disturbances or changes in rehabilitation costs will be recognized as additions to the corresponding assets and rehabilitation liability in the period in which they occur.</p> | |
| CY2024 | femff |
Description Of Accounting Policy For New Amended And Future Ifrs Pronouncements Explanatory
DescriptionOfAccountingPolicyForNewAmendedAndFutureIFRSPronouncementsExplanatory
|
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(q)</td><td style="text-align: justify">New, Amended and Future IFRS Pronouncements</td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Accounting standards and amendments issued but not yet adopted</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">There are no other IFRS that are not yet effective that would be expected to have a material impact on the Company. Certain new accounting standards, amendments to existing standards and interpretations have been issued but have future effective dates that are either not applicable or are not expected to have a significant impact on the Company’s financial statements.</p> | |
| CY2024 | ifrs-full |
Disclosure Of Accounting Judgements And Estimates Explanatory
DisclosureOfAccountingJudgementsAndEstimatesExplanatory
|
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">3.</td><td style="text-align: justify">Critical Accounting Judgments and Estimates</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements requires management to make judgments and estimates that affect the amounts reported in the financial statements and notes. By their nature, these judgments and estimates are subject to change and the effect on the financial statements of changes in such judgments and estimates in future periods could be material. These judgments and estimates are based on historical experience, current and future economic conditions, and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results could differ from these judgments and estimates. The more significant areas are as follows:</p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"> </p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(a)</td><td style="text-align: justify">Share-based Payment Transactions</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company measures the cost of equity-settled transactions with employees by reference to the fair value of the equity instruments at the date at which they are granted. Estimating fair value for share-based payment transactions requires determining the most appropriate valuation model, which is dependent on the terms and conditions of the grant. This estimate also requires determining the most appropriate inputs to the valuation model including the expected life of the share option, volatility and dividend yield and making assumptions about them. The assumptions and models used for estimating fair value for share-based payment transactions are disclosed in Note 9.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(b)</td><td style="text-align: justify">Going Concern</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The assessment of the Company’s ability to raise sufficient funds to finance its exploration and administrative expenses involves judgment. Estimates and assumptions are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left"><b>(c)</b></td><td style="text-align: justify"><b>Intangible Exploration and Evaluation Assets</b></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-left: 0in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">Management is required to assess impairment in respect of intangible exploration and evaluation assets. Note 6 discloses the carrying value of such assets. The triggering events for the potential impairment of exploration and evaluation assets are defined in IFRS 6 <i>Exploration for and Evaluation of Mineral Properties</i> and are as follows:</p> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif">●</span></td><td style="text-align: justify">the period for which the entity has the right to explore in the specific area has expired during the period or will expire in the near future, and is not expected to be renewed;</td> </tr></table> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif">●</span></td><td style="text-align: justify">substantive expenditure on further exploration for and evaluation of mineral resources in the specific area is neither budgeted nor planned;</td> </tr></table> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif">●</span></td><td style="text-align: justify">exploration for and evaluation of mineral resources in the specific area have not led to the discovery of commercially viable quantities of mineral resources and the entity has decided to discontinue such activities in the specific area; and</td> </tr></table> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif">●</span></td><td style="text-align: justify">sufficient data exists to indicate that, although a development in the specific area is likely to proceed, the carrying amount of the exploration and evaluation asset is unlikely to be recovered in full from successful development or by sale.</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">In making the assessment, management is required to make judgments as to the status of each project and its future plans towards finding commercial reserves. The nature of exploration and evaluation activity is such that only a proportion of projects are ultimately successful and accordingly some assets are likely to become impaired in future periods.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">(d)</td><td style="text-align: justify">Deferred Tax Assets</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">Deferred income tax asset carrying amounts depend on estimates of future taxable income and the likelihood of reversal of timing differences. Where reversals are expected, estimates of future tax rates will be used in the calculation of deferred tax asset carrying amounts. Potential tax assets were considered not to be recoverable at the current year end.</p> | |
| CY2024 | ifrs-full |
Disclosure Of Trade And Other Receivables Explanatory
DisclosureOfTradeAndOtherReceivablesExplanatory
|
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left"><span style="font-size: 10pt"><b>4.</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b>Amounts Receivable and Prepaid Expenses</b></span></td> </tr></table> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-top: Black 2.25pt solid; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-top: Black 2.25pt solid; border-bottom: Black 1.5pt solid"> </td> <td style="border-top: Black 2.25pt solid; border-bottom: Black 1.5pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"><b>March 31,</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"><b>2024</b></p></td><td style="border-top: Black 2.25pt solid; border-bottom: Black 1.5pt solid"> </td> <td style="border-top: Black 2.25pt solid; border-bottom: Black 1.5pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"><b>March 31,</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"><b>2023</b></p></td></tr> <tr style="vertical-align: bottom"> <td style="width: 47%; text-align: left; padding-left: 3.55pt">GST/HST</td><td style="text-align: right; width: 12%">$</td> <td style="width: 16%; text-align: right">126,549</td><td style="text-align: right; width: 12%">$</td> <td style="width: 16%; text-align: right">77,540</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1.5pt; padding-left: 3.55pt">Prepayments and other receivable</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">310,239</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">1,027,347</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; text-align: left; padding-bottom: 1.5pt; padding-left: 3.55pt">Total</td><td style="border-bottom: Black 1.5pt solid; text-align: right">$</td> <td style="border-bottom: Black 1.5pt solid; text-align: right">436,788</td><td style="border-bottom: Black 1.5pt solid; text-align: right">$</td> <td style="border-bottom: Black 1.5pt solid; text-align: right">1,104,887</td></tr> </table> | |
| CY2024Q1 | ifrs-full |
Receivables From Taxes Other Than Income Tax
ReceivablesFromTaxesOtherThanIncomeTax
|
126549 | cad |
| CY2023Q1 | ifrs-full |
Receivables From Taxes Other Than Income Tax
ReceivablesFromTaxesOtherThanIncomeTax
|
77540 | cad |
| CY2024Q1 | ifrs-full |
Prepayments
Prepayments
|
310239 | cad |
| CY2023Q1 | ifrs-full |
Prepayments
Prepayments
|
1027347 | cad |
| CY2024Q1 | ifrs-full |
Other Receivables
OtherReceivables
|
436788 | cad |
| CY2023Q1 | ifrs-full |
Other Receivables
OtherReceivables
|
1104887 | cad |
| CY2024 | ifrs-full |
Disclosure Of Financial Assets Explanatory
DisclosureOfFinancialAssetsExplanatory
|
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">5.</td><td style="text-align: justify">Marketable Securities</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">As at March 31, 2023, the fair values of the marketable securities are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="border-top: Black 1.5pt solid; padding-left: 3.55pt; border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"><b>Available -for-sale Securities </b></span></td> <td style="border-top: Black 1.5pt solid; vertical-align: top; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"><b> </b></span></td> <td style="border-top: Black 1.5pt solid; white-space: nowrap; border-bottom: Black 1pt solid; text-align: right; vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"><b>Number of <br/> shares</b></span></td> <td style="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"><b> </b></span></td> <td style="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"><b> </b></span></td> <td style="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; text-align: right; vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"><b>Cost</b></span></td> <td style="border-top: Black 1.5pt solid; vertical-align: bottom; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"><b> </b></span></td> <td style="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"><b> </b></span></td> <td style="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"><b>Accumulated<br/> unrealized<br/> holding loss</b></span></td> <td style="border-top: Black 1.5pt solid; vertical-align: bottom; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"><b> </b></span></td> <td colspan="2" style="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"><b>Fair Value</b></span></td> <td style="border-top: Black 1.5pt solid; vertical-align: bottom; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"><b> </b></span></td></tr> <tr> <td style="border-bottom: black 1.5pt solid; text-indent: 0pt; vertical-align: bottom; width: 42%; padding-left: 3.55pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt">Shares in Battery Age Minerals Ltd. (Note 6)</span></td> <td style="padding-left: 0pt; vertical-align: top; width: 1%; border-bottom: black 1.5pt solid; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"> </span></td> <td style="border-bottom: black 1.5pt solid; padding-left: 0pt; text-align: right; vertical-align: bottom; width: 12%; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt">2,125,000</span></td> <td style="padding-left: 0pt; border-bottom: black 1.5pt solid; width: 1%; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"> </span></td> <td style="text-align: left; padding-left: 0pt; border-bottom: black 1.5pt solid; width: 2%; text-indent: 0pt; vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt">$</span></td> <td style="border-bottom: black 1.5pt solid; padding-left: 0pt; text-align: right; vertical-align: bottom; width: 12%; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt">804,270</span></td> <td style="padding-left: 0pt; vertical-align: bottom; width: 1%; border-bottom: black 1.5pt solid; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"> </span></td> <td style="text-align: left; padding-left: 0pt; border-bottom: black 1.5pt solid; width: 2%; text-indent: 0pt; vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt">$</span></td> <td style="border-bottom: black 1.5pt solid; padding-left: 0pt; vertical-align: bottom; width: 12%; text-align: right; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt">(66,899)</span></td> <td style="padding-left: 0pt; vertical-align: bottom; width: 1%; border-bottom: black 1.5pt solid; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"> </span></td> <td style="padding-left: 0pt; vertical-align: bottom; width: 1%; border-bottom: black 1.5pt solid; text-indent: 0pt"></td> <td style="border-bottom: black 1.5pt solid; padding-left: 0pt; vertical-align: bottom; width: 12%; text-align: right; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt">737,371</span></td> <td style="padding-left: 0pt; vertical-align: bottom; width: 1%; border-bottom: black 1.5pt solid; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">As at March 31, 2024, the fair values of the marketable securities are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="border-top: Black 1.5pt solid; padding-left: 3.55pt; border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"><b>Available -for-sale Securities </b></span></td> <td style="border-top: Black 1.5pt solid; vertical-align: top; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"><b> </b></span></td> <td style="border-top: Black 1.5pt solid; white-space: nowrap; border-bottom: Black 1pt solid; text-align: right; vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"><b>Number of <br/> shares</b></span></td> <td style="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"><b> </b></span></td> <td style="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"><b> </b></span></td> <td style="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; text-align: right; vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"><b>Cost</b></span></td> <td style="border-top: Black 1.5pt solid; vertical-align: bottom; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"><b> </b></span></td> <td style="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"><b> </b></span></td> <td style="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"><b>Accumulated<br/> unrealized<br/> holding loss</b></span></td> <td style="border-top: Black 1.5pt solid; vertical-align: bottom; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"><b> </b></span></td> <td colspan="2" style="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"><b>Fair Value</b></span></td> <td style="border-top: Black 1.5pt solid; vertical-align: bottom; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"><b> </b></span></td></tr> <tr> <td style="border-bottom: black 1.5pt solid; text-indent: 0pt; vertical-align: bottom; width: 42%; padding-left: 3.55pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt">Shares in Battery Age Minerals Ltd. (Note 6)</span></td> <td style="padding-left: 0pt; vertical-align: top; width: 1%; border-bottom: black 1.5pt solid; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"> </span></td> <td style="border-bottom: black 1.5pt solid; padding-left: 0pt; text-align: right; vertical-align: bottom; width: 12%; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt">2,125,000</span></td> <td style="padding-left: 0pt; border-bottom: black 1.5pt solid; width: 1%; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"> </span></td> <td style="text-align: left; padding-left: 0pt; border-bottom: black 1.5pt solid; width: 2%; text-indent: 0pt; vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt">$</span></td> <td style="border-bottom: black 1.5pt solid; padding-left: 0pt; text-align: right; vertical-align: bottom; width: 12%; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt">804,270</span></td> <td style="padding-left: 0pt; vertical-align: bottom; width: 1%; border-bottom: black 1.5pt solid; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"> </span></td> <td style="text-align: left; padding-left: 0pt; border-bottom: black 1.5pt solid; width: 2%; text-indent: 0pt; vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt">$</span></td> <td style="border-bottom: black 1.5pt solid; padding-left: 0pt; vertical-align: bottom; width: 12%; text-align: right; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt">(616,845)</span></td> <td style="padding-left: 0pt; vertical-align: bottom; width: 1%; border-bottom: black 1.5pt solid; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"> </span></td> <td style="padding-left: 0pt; vertical-align: bottom; width: 1%; border-bottom: black 1.5pt solid; text-indent: 0pt"></td> <td style="border-bottom: black 1.5pt solid; padding-left: 0pt; vertical-align: bottom; width: 12%; text-align: right; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt">187,425</span></td> <td style="padding-left: 0pt; vertical-align: bottom; width: 1%; border-bottom: black 1.5pt solid; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8.5pt"> </span></td></tr> </table> | |
| CY2024 | femff |
Availableforsale Securities
AvailableforsaleSecurities
|
2,125,000 | |
| CY2024 | ifrs-full |
Increase Decrease In Number Of Shares Outstanding
IncreaseDecreaseInNumberOfSharesOutstanding
|
804270 | shares |
| CY2024 | femff |
Cost
Cost
|
-616845 | cad |
| CY2024 | femff |
Loss On Marketable Securities
LossOnMarketableSecurities
|
-187425 | cad |
| CY2024 | ifrs-full |
Disclosure Of Exploration And Evaluation Assets Explanatory
DisclosureOfExplorationAndEvaluationAssetsExplanatory
|
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">6.</td><td style="text-align: justify">Exploration and Evaluation Assets</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Exploration and evaluation assets deferred to the statements of financial position at March 31, 2024 and 2023 are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 8.5pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 8.5pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: right"><p style="font: 8.5pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"><b>March 31,</b></p> <p style="font: 8.5pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"><b>2023</b></p></td><td style="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: right; border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; font: bold 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt">Additions</td><td style="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; font: bold 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: right; border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; font: bold 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt">Recovery</td><td style="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; font: bold 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: right; border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; font: bold 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt">Write-off</td><td style="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; font: bold 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: right"><p style="font: 8.5pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"><b>March 31,</b></p> <p style="font: 8.5pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"><b>2024</b></p></td><td style="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td></tr> <tr style="font: 8.5pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 8.5pt Times New Roman, Times, Serif; width: 41%; text-align: left; padding-left: 3.1pt">Abitibi Lithium</td><td style="font: 8.5pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font: 8.5pt Times New Roman, Times, Serif; width: 9%; text-align: right">1,767,000</td><td style="font: 8.5pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font: 8.5pt Times New Roman, Times, Serif; width: 9%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-108">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font: 8.5pt Times New Roman, Times, Serif; width: 9%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-109"> -</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font: 8.5pt Times New Roman, Times, Serif; width: 9%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-110">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; width: 3%"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font: 8.5pt Times New Roman, Times, Serif; width: 9%; text-align: right">1,767,000</td><td style="font: 8.5pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font: 8.5pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left; padding-left: 3.1pt">Augustus Lithium</td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">593,290</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-111">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-112">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-113">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">593,290</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 8.5pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left; padding-left: 3.1pt">Canadian Lithium</td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">228,881</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-114">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-115">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-116">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">228,881</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 8.5pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left; padding-left: 3.1pt">Cosgrave Lithium</td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-117">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">104,750</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-118">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-119">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">104,750</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 8.5pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left; padding-left: 3.1pt">Electron Lithium</td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">650,405</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-120">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-121">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-122">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">650,405</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 8.5pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left; padding-left: 3.1pt">Jubilee Lithium</td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">20,000</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">30,000</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-123">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">(50,000</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left">)</td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-124">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 8.5pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left; padding-left: 3.1pt">Kokanee Creek</td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">932,125</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-125">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-126">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-127">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">932,125</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 8.5pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left; padding-left: 3.1pt">McNeely</td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">820,000</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-128">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-129">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-130">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">820,000</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 8.5pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left; padding-left: 3.1pt">North Spirit</td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">442,105</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-131">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-132">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">(442,105</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left">)</td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-133">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 8.5pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left; padding-left: 3.1pt">Rose West Lithium</td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">884,000</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-134">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-135">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-136">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">884,000</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 8.5pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left; padding-left: 3.1pt">Rose East Lithium</td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">900,000</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">75,000</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-137">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-138">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">975,000</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 8.5pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left; padding-left: 3.1pt">Titan Gold</td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">178,500</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-139">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-140">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">(178,500</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left">)</td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-141">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 8.5pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt; padding-left: 3.1pt">Trix Lithium</td><td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: right">75,000</td><td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: right">4,166</td><td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-142">-</div></td><td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: right">(79,166</td><td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left">)</td><td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-143">-</div></td><td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="font: 8.5pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt"> </td><td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: right">7,491,306</td><td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: right">213,916</td><td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-144">-</div></td><td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: right">(749,771</td><td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left">)</td><td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: right">6,955,451</td><td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 8.5pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-size: 8.5pt; vertical-align: bottom"> <td style="font-size: 8.5pt; border-top: Black 1.5pt solid; text-align: left; width: 41%"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-top: Black 1.5pt solid; font-weight: bold; width: 1%"><span style="font-size: 8.5pt"> </span></td> <td style="font-size: 8.5pt; border-top: Black 1.5pt solid; font-weight: bold; text-align: left; width: 1%"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-top: Black 1.5pt solid; font-weight: bold; text-align: right; width: 9%"><span style="font-size: 8.5pt"><b>March 31,</b></span></td><td style="font-size: 8.5pt; border-top: Black 1.5pt solid; font-weight: bold; text-align: left; width: 1%"><span style="font-size: 8.5pt"> </span></td> <td style="font-size: 8.5pt; border-top: Black 1.5pt solid; text-align: left; width: 1%"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-top: Black 1.5pt solid; text-align: right; width: 9%"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-top: Black 1.5pt solid; text-align: left; width: 1%"><span style="font-size: 8.5pt"> </span></td> <td style="font-size: 8.5pt; border-top: Black 1.5pt solid; text-align: left; width: 1%"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-top: Black 1.5pt solid; text-align: right; width: 9%"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-top: Black 1.5pt solid; text-align: left; width: 1%"><span style="font-size: 8.5pt"> </span></td> <td style="font-size: 8.5pt; border-top: Black 1.5pt solid; text-align: left; width: 1%"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-top: Black 1.5pt solid; text-align: right; width: 9%"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-top: Black 1.5pt solid; text-align: left; width: 1%"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-top: Black 1.5pt solid; font-weight: bold; width: 3%"><span style="font-size: 8.5pt"> </span></td> <td style="font-size: 8.5pt; border-top: Black 1.5pt solid; font-weight: bold; text-align: left; width: 1%"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-top: Black 1.5pt solid; font-weight: bold; text-align: right; width: 9%"><span style="font-size: 8.5pt"><b>March 31,</b></span></td><td style="font-size: 8.5pt; border-top: Black 1.5pt solid; font-weight: bold; text-align: left; width: 1%"><span style="font-size: 8.5pt"> </span></td></tr> <tr style="font-size: 8.5pt; vertical-align: bottom"> <td style="font-size: 8.5pt; border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1.5pt"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-bottom: Black 1pt solid; font-weight: bold"><span style="font-size: 8.5pt"> </span></td> <td style="font-size: 8.5pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="font-size: 8.5pt">2022</span></td><td style="font-size: 8.5pt; border-bottom: Black 1pt solid; padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8.5pt"> </span></td> <td style="font-size: 8.5pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="font-size: 8.5pt"><b>Additions</b></span></td><td style="font-size: 8.5pt; border-bottom: Black 1pt solid; padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8.5pt"> </span></td> <td style="font-size: 8.5pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="font-size: 8.5pt"><b>Recovery</b></span></td><td style="font-size: 8.5pt; border-bottom: Black 1pt solid; padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8.5pt"> </span></td> <td style="font-size: 8.5pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="font-size: 8.5pt"><b>Write-off</b></span></td><td style="font-size: 8.5pt; border-bottom: Black 1pt solid; padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-bottom: Black 1pt solid; font-weight: bold"><span style="font-size: 8.5pt"> </span></td> <td style="font-size: 8.5pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="font-size: 8.5pt">2023</span></td><td style="font-size: 8.5pt; border-bottom: Black 1pt solid; padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8.5pt"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 3.1pt">Abitibi Lithium</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,767,000</td><td style="text-align: left"> </td> <td style="text-align: left">$</td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-145">-</div></td><td style="text-align: left"> </td> <td style="text-align: left">$</td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-146">-</div></td><td style="text-align: left"> </td> <td style="text-align: left">$</td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-147">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,767,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 3.1pt">Augustus Lithium</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">335,000</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">258,290</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-148">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-149">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">593,290</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 3.1pt">Canadian Lithium</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">176,250</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">52,631</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-150">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-151">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">228,881</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 3.1pt">Electron Lithium</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">981,250</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">200,000</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">(530,845</td><td style="text-align: left">)</td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-152">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">650,405</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 3.1pt">Falcon Lake</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">50,000</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">107,500</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">(157,500</td><td style="text-align: left">)</td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-153">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 3.1pt">Gaspésie Peninsula</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-154">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">288,500</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-155">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">(288,500</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 3.1pt">Jubilee Lithium</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-156">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">20,000</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-157">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-158">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">20,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 3.1pt">Kokanee Creek</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">932,125</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-159">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-160">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-161">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">932,125</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 3.1pt">McNeely</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">820,000</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-162">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-163">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-164">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">820,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 3.1pt">North Spirit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-165">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">442,105</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-166">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-167">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">442,105</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 3.1pt">Red Lake</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">792,750</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-168">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-169">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">(792,750</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 3.1pt">Rose West Lithium</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-170">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">884,000</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-171">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-172">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">884,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 3.1pt">Rose East Lithium</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-173">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">900,000</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-174">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-175">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">900,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 3.1pt">Titan Gold</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">150,500</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">28,000</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-176">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-177">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">178,500</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1.5pt; padding-left: 3.1pt">Trix Lithium</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-178">-</div></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">75,000</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-179">-</div></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-180">-</div></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1.5pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">75,000</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; text-align: left; padding-bottom: 1.5pt"> </td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">6,004,875</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">3,256,026</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">(688,345</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: left">)</td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,081,250</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: left">)</td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">7,491,306</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: left"> </td></tr> </table><p style="margin-top: 0; margin-bottom: 0"> </p><table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">(a)</td><td style="text-align: justify">Abitibi Lithium Property</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On March 12, 2021, the Company entered into a purchase agreement to acquire a 100% interest in the Abitibi Lithium property (the “Abitibi Agreement”). The Abitibi Lithium property is comprised of 235 mineral claims covering approximately 12,500 hectares located in the Abitibi area of western Quebec.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">Under the terms of the Abitibi Agreement, the Company acquired a 100% interest in the Abitibi Lithium property by issuing 1,078,947 common shares of the Company and by paying $250,000 on April 20, 2021. The Abitibi Lithium Property is subject to a 3% Net Smelter Returns (“NSR”) royalty, which the Company will have the option to reduce the NSR by 1.0% to 2.0% by paying $1,000,000.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">(b)</td><td style="text-align: justify">Augustus Lithium Property</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On January 18, 2021, the Company entered into an option agreement to acquire a 100% interest in the Augustus Lithium property (the “Augustus Agreement”). The Augustus Lithium property is comprised of 21 mineral claims covering approximately 900 hectares located in the Abitibi area of western Quebec.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On October 29, 2022, the Company entered into amended option agreement allowing the Company to accelerate its option to acquire a 100% interest in the Augustus Lithium property. As consideration for the amendment, the Company issued an additional 350,000 common shares. As of November 7, 2022, the Company completed the required option payments, common share issuances and exploration expenditures to acquire 100% interest of the Augustus Lithium property.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The Augustus Lithium Property is subject to a 2% NSR royalty. The Company will have the option to reduce the NSR by 1.0% to 1.0% by paying $1,000,000.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">(c)</td><td style="text-align: justify">Canadian Lithium Property</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On February 3, 2021, the Company entered into an option agreement to acquire a 100% interest in the Canadian Lithium property (the “Canadian Lithium Agreement”). The Canadian Lithium property is comprised of 12 mineral claims covering approximately 700 hectares located in the Landrienne Township area of Quebec.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On February 3, 2023, the Company had completed the required option payments of $60,000 and issuance of 230,263 common shares to acquire a 100% interest of the Canadian Lithium Property.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The Canadian Lithium Property is subject to a 2% NSR royalty. The Company will have the option to reduce the NSR by 1.0% to 1.0% by paying $1,000,000.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">(d)</td><td style="text-align: justify">Cosgrave Lithium Property</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On August 24, 2023, the Company entered into a purchase agreement to acquire a 100% interest in the Cosgrave Lithium property (the “Cosgrave Agreement”). The Cosgrave Lithium property is comprised of 198 mineral claims covering approximately 3,700 hectares located in the Ear Falls, Ontario.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">Pursuant to the terms of the Cosgrave Agreement, the Company acquired a 100% interest in the Cosgrave Lithium property by issuing 175,000 common shares of the Company and by making the option payment of $22,500 during the year ended March 31, 2024.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The Cosgrave Lithium Property is subject to a 1.5% NSR royalty, which the Company will have the option to reduce the NSR by 0.75% to 0.75% by paying $500,000.</p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p><table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">(e)</td><td style="text-align: justify">Electron Lithium Property</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On March 2, 2022, the Company entered into a purchase agreement to acquire a 100% interest in the Electron Lithium property (the “Electron Agreement”). The Electron Lithium property is comprised of 438 mineral claims covering approximately 30,000 hectares of prospective land around the Augustus Lithium Property in western Quebec.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On November 8, 2022, the Company completed the required option payments and share issuances to acquire a 100% interest in the Electron Lithium property.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The Electron Lithium property is subject to a 3% Gross Metal Royalty (“GMR”), which the Company will have the option to reduce the GMR by 1.0% to 2.0% by paying $1,000,000.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On November 14, 2022, the Company entered into a joint venture agreement (the “Infini Joint Venture Agreement”) with Infini Resources Pty Ltd. (“Infini Resources”) whereby Infini Resources may earn a 100% interest in 230 of the 438 mineral claims comprising the Electron Lithium Property.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">Pursuant to the Infini Joint Venture Agreement, Infini Resources earned an initial 50% interest by making initial cash payments of AUD$600,000 (CAD$530,925). Upon exercising the option, a joint venture will also be formed between FE Battery and Infini Resources to further advance the project. Infini Resources has the option to acquire an additional 25% by making a further AUD$150,000 payment and issuing shares of Infini Resources in the value of AUD$150,000 within 18 months of earning its initial 50% interest. Infini Resources may then acquire the remaining 25% interest, for a 100% beneficial interest by making a further payment AUD$300,000 and issuing shares of Infini Resources in the value of AUD$300,000 within 12 months of earning its 75% interest. To date, Infini Resources has not exercised its option to acquire an additional 25% interest.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The Infini Joint Venture Agreement may be terminated in certain circumstances, including by FE Battery if certain milestones are not met in accordance with the agreement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">(f)</td><td style="text-align: justify">Falcon Lake Property</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On January 3, 2022, the Company entered into an option agreement to acquire a 100% interest in the Falcon Lake property (the “Falcon Lake Agreement”). The Falcon Lake property is comprised of 48 mineral claims covering approximately 1,000 hectares located in the Thunder Bay Mining Division, Ontario.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On September 30, 2022, the Company entered into an amended option agreement which amended certain cash payments, share issuances and exploration expenditures due dates and requirements of the Option Agreement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On October 21, 2022, the Company completed the required option payments and share issuances to acquire a 100% interest in the Falcon Lake property.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On January 27, 2023, the Company executed a joint venture agreement (the “Battery Age Minerals Joint Venture Agreement”) with Battery Age Minerals Limited (“Battery Age Minerals”) whereby Battery Age Minerals may earn a 100% interest in the Falcon Lake Property.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">Pursuant to the Battery Age Minerals Joint Venture Agreement, Battery Age Minerals earned an initial 65% interest by making the initial option payments of AUD$150,000 (CAD$139,358) and issuing to the Company 1,375,000 of Battery Age Mineral shares valued at $513,975. Battery Age Minerals earned a further 25% interest, for an aggregate 90% interest, by issuing a further 750,000 shares of Battery Age Minerals valued at $290,295 and by making a cash payment of AUD$50,000 (CAD$46,175). Battery Age Minerals may acquire the remaining 10% interest, for a 100% beneficial interest by making a further payment equal to the lower of the price determined by independent valuation or AUD$2 million. Upon Battery Age Minerals earning its 90% interest, a joint venture was deemed to have been formed between FE Battery and Battery Age Minerals to further advance the project.</p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p><table cellpadding="0" cellspacing="0" style="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 18.05pt">(g)</td><td>Gaspesie Peninsula Property</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On December 15, 2022, the Company entered into an option agreement to acquire a 100% interest in the Gaspesie Peninsula Property. The property consisted of 55 mining claims covering approximately 3,100 hectares in Quebec.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">As at March 31, 2023, the Company chose to write-off all deferred costs to date as the Company had not fulfilled the terms of the agreement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">(h)</td><td style="text-align: justify">Jubilee Lithium Property</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On December 1, 2022, the Company entered into an option agreement to acquire a 100% interest in the Jubilee Lithium Property. The property consisted of 10 mining claims covering approximately 3,300 hectares area located in Ear Falls, Ontario.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">Under the terms of the Jubilee Lithium Agreement, the Company had acquired a 100% interest in the property by completing the following option payments:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></p> <table cellpadding="0" cellspacing="0" style="width: 35%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="padding: 5pt 0pt 5pt 5pt; border-top: black 1.5pt solid; border-right: black 1pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; text-align: center; width: 49%; vertical-align: middle"> <p style="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Due Dates</p></td> <td style="padding: 5pt 0pt; vertical-align: middle; border-top: black 1.5pt solid; border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; text-align: center; width: 51%"> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Option payments <br/> ($)</p></td></tr> <tr style="vertical-align: top"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1.5pt solid; padding-right: 8.35pt; padding-left: 5pt"><span style="font-size: 10pt">December 1, 2024 <br/> (paid)</span></td> <td style="vertical-align: middle; border-right: black 1.5pt solid; border-bottom: black 1pt solid; padding-left: 0pt; padding-right: 0pt; text-align: center"><span style="font-size: 10pt">20,000</span></td></tr> <tr style="vertical-align: top"> <td style="border-right: black 1pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; padding-left: 5pt"><span style="font-size: 10pt">December 1, 2025<br/> (paid)</span></td> <td style="vertical-align: middle; border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; padding-left: 0pt; padding-right: 0pt; text-align: center"><span style="font-size: 10pt">30,000</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The Jubilee Lithium property is subject to a 2.0% NSR royalty.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">During the year ended March 31, 2024, the Jubilee Lithium Property claims were allowed to lapse and as a result, the Company wrote-off all deferred costs incurred to date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">(i)</td><td style="text-align: justify">Kokanee Creek and Independence Gold Properties</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On March 17, 2020, the Company entered in an option agreement to acquire a 100% interest in the Kokanee Creek and Independence Gold Properties (the “Properties”). The Properties are located in British Columbia and consist of 5 claims covering 2,690 hectares.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On February 28, 2021 and again on August 13, 2021, the Company entered into amended option agreements which amended the due dates for certain cash payments, share issuances and exploration expenditure requirements of the option agreement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">As of March 31, 2022, under the terms of the Properties amended option agreement, the Company had acquired a 100% interest in the Kokanee Creek Property by completing the required option payments, common share issuances and exploration expenditures.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The Properties are subject to a 2.0% NSR royalty of which the Company will have the option to reduce the NSR by 1.0% by paying $1,000,000.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">During the year ended March 31, 2021, the Company decided it would not be pursuing any further exploration work on the Independence Gold property and wrote-off all deferred costs incurred to date.</p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p><table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">(j)</td><td style="text-align: justify">McNeely Lithium Property</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">Pursuant to the McNeely Lithium Property purchase agreement entered on June 7, 2021, the Company acquired a 100% interest in the McNeely Lithium Property, by issuing 526,316 common shares and paying $250,000. The McNeely Lithium Property is located in Quebec and consists of 66 claims covering approximately 2,400 hectares. The McNeely Lithium Property is subject to a 3.0% GMR. Certain of the claims are subject to a pre-existing 1.0% NSR. The Company will have the option to purchase the pre-existing NSR by paying $200,000 to the pre-existing NSR holder.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">(k)</td><td style="text-align: justify">North Spirit Property</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On June 13, 2022, the Company entered into an option agreement to acquire a 100% interest in the North Spirit Property. The property consists of 124 mining claims covering approximately 2,500 hectares area in two claim blocks on crown land in northwestern Ontario and is located about 175 kilometres to the north of Red Lake, Ontario.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On October 26, 2022, the Company entered into an amended option agreement which amended the certain cash payments, share issuances and exploration requirements of the option agreement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">Under the terms of the amended North Spirit option agreement, the Company acquired a 100% interest in the North Spirit Property by completing the share issuance of 1,105,262 common shares.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The North Spirit property has a 1% GMR payable to the optionor.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">During the year ended March 31, 2024, the Company decided it would not be pursuing any further exploration work on the North Spirit property and wrote-off all deferred costs incurred to date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">(l)</td><td style="text-align: justify">Pontax West Lithium Property</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On October 13, 2023, the Company entered into an option agreement to acquire a 100% interest in the Pontax West Lithium Property (the “Pontax Lithium Agreement”). The property consists of 72 mining claims covering over 3,800 hectares in the James Bay lithium region of northern Quebec.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Under the terms of the Pontax West Lithium Agreement, the Company has the option to acquire a 100% interest in the property by completing the following common share issuances:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></p> <table cellpadding="0" cellspacing="0" style="width: 40%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: black 1.5pt solid; border-right: black 1pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; text-align: left; padding-right: 0pt; padding-bottom: 5pt; width: 49%; padding-left: 5pt; text-indent: 0pt; vertical-align: bottom"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Due Dates</p></td> <td style="vertical-align: middle; text-indent: 0pt; padding-bottom: 5pt; border-top: black 1.5pt solid; border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; text-align: center; padding-right: 0pt; width: 51%; padding-left: 0pt"> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Issuance of<br/> FE Battery <br/> common shares</p></td></tr> <tr style="vertical-align: top"> <td style="padding-bottom: 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1.5pt solid; padding-right: 23.35pt; padding-left: 5pt"><span style="font-size: 10pt">On signing</span> </td><td style="padding-bottom: 3pt; vertical-align: middle; border-right: black 1.5pt solid; border-bottom: black 1pt solid; padding-left: 0pt; padding-right: 0pt; text-align: center"><span style="font-size: 10pt">1,500,000</span></td></tr> <tr style="vertical-align: top"> <td style="padding-bottom: 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1.5pt solid; padding-right: 23.35pt; padding-left: 5pt">October 13, 2024</td> <td style="padding-bottom: 3pt; vertical-align: middle; border-right: black 1.5pt solid; border-bottom: black 1pt solid; padding-left: 0pt; padding-right: 0pt; text-align: center">2,000,000</td></tr> <tr style="vertical-align: top"> <td style="padding-bottom: 3pt; border-right: black 1pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; padding-left: 5pt">October 13, 2025</td> <td style="padding-bottom: 3pt; vertical-align: middle; border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; padding-left: 0pt; padding-right: 0pt; text-align: center"><span style="font-size: 10pt">2,500,000</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">The Pontax West Lithium property has a 1% GMR payable to the optionor of which the Company will have the option to reduce the GMR by 1.0% by paying $1,000,000 for <span style="-sec-ix-hidden: hidden-fact-238">one-half</span> of one percent.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">At March 31, 2024, the Company and the Optionor are in discussions to amend and extend the option terms of the Pontax Lithium Agreement.</p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p><table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">(m)</td><td style="text-align: justify">Red Lake Property</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On September 14, 2020, the Company entered into an option agreement to acquire a 100% interest in the Red Lake Property. The Red Lake property is located in the Red Lake Mining District of Northwestern Ontario and consisted of 94 mining cell claims covering approximately 1,900 hectares in the Ball and Todd townships.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On February 28, 2021, and again on August 13, 2021, the Company entered into amended option agreements to which the Company could acquire a 100% interest in the property by issuing 730,263 shares. As of March 31, 2022, the Company had acquired 100% interest in the Red Lake property having issued 730,263 shares.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The Red Lake property is subject to a 2.5% NSR royalty, with the Company having the option to reduce the NSR by 1% to 1.5% by paying $1,000,000.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">In December 2022, the Company wrote-off all deferred costs to date as the claims were allowed to lapse.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">(n)</td><td style="text-align: justify">Rose West Lithium Property</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On November 25, 2022, the Company entered into an option agreement to acquire a 100% interest in the Rose West Property. The Rose West Lithium property is located in the James Bay region of northern Quebec and consists of 32 mining claims covering approximately 1,700 hectares within townships.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On December 9, 2022, the Company entered into amended option agreement to which the Company could acquire a 100% interest in the property by issuing 1,300,000 shares and granted the Company a 1% GMR. On April 5, 2023, the Company issued the required shares to acquire a 100% interest in the Rose West Lithium property.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The Rose West Lithium property has a 1% GMR payable to the optionor upon the commencement of commercial production.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">(o)</td><td style="text-align: justify">Rose East Lithium Property</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On March 4, 2023, the Company entered into an option agreement to acquire a 100% interest in the Rose East Lithium Property (“Rose East Lithium”). The Rose East Lithium Project consists of 59 mining claims covering approximately 3,100 hectares in northern Quebec.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">Under the terms of the Rose East Lithium Agreement, the Company has the option to acquire a 100% interest in the property by completing the following option payments:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="width: 40%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="padding-top: 3pt; width: 50%; border-top: black 1.5pt solid; border-right: black 1pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; padding-bottom: 3pt"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Due Dates</p></td> <td style="padding-top: 3pt; border-top: black 1.5pt solid; border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; width: 50%; text-align: center; padding-bottom: 3pt"><span style="font-size: 10pt">Issuance of FE Battery<br/> common shares</span></td></tr> <tr style="vertical-align: top"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1.5pt solid; padding-top: 1.9pt; padding-left: 7pt; text-align: left"><span style="font-size: 10pt">March 4, 2023 (issued)</span></td> <td style="padding-top: 1.9pt; border-right: black 1.5pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt">1,500,000</span></td></tr> <tr style="vertical-align: top"> <td style="border-right: black 1pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; padding-top: 1.9pt; padding-left: 7pt; text-align: left"><span style="font-size: 10pt">March 4, 2024</span></td> <td style="padding-top: 1.9pt; border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; text-align: center"><span style="font-size: 10pt">1,500,000</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The Rose East Lithium Property is subject to a 1.0% GMR, of which the Company may repurchase by paying $1,000,000 for each 0.5%.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">At March 31, 2024, the Company and the Optionor are in discussions to amend and extend the option terms of the March 3, 2023 option agreement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">(p)</td><td style="text-align: justify">Titan Gold Property</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On October 2, 2020, the Company entered into an option agreement to acquire a 100% interest in the Titan Gold Property (“Titan Gold”). Titan Gold is located in the Abitibi area of Western Quebec, Canada and is comprised of 80 mining claims covering approximately 4,400 hectares.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">During the year ended March 31, 2024, the Company wrote-off all deferred costs to date as the Company had not made the final option payment and issued a notice of termination on September 13, 2023.</p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p><table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">(q)</td><td style="text-align: justify">Trix Lithium Property</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On March 13, 2023, the Company entered into an option agreement to acquire a 100% interest in the Trix Lithium Property (“Trix Lithium”). Trix Lithium is located in in the Georgia Lake area in northwestern Ontario and is comprised of 23 mining claims covering approximately 11,000 hectares.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">During the year ended March 2024, the Company wrote-off all deferred costs to date as the company does not plan to do further work on the property.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">Exploration and evaluation expenditures recorded in the statements of loss and comprehensive loss for the year ended March 31, 2024, 2023 and 2022 are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-bottom: Black 1.5pt solid; border-top: Black 1.5pt solid; white-space: nowrap; padding-left: 2pt; vertical-align: bottom; text-align: center"><span style="font-size: 9.5pt"><b>Year ended <br/> March 31, 2024</b></span></td> <td style="border-bottom: Black 1.5pt solid; border-top: Black 1.5pt solid; white-space: nowrap"><span style="font-size: 9.5pt"> </span></td> <td colspan="2" style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid; white-space: nowrap; vertical-align: bottom"><span style="font-size: 9.5pt">Assay and<br/> sampling</span></td> <td style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid; white-space: nowrap; vertical-align: bottom"><span style="font-size: 9.5pt"> </span></td> <td colspan="2" style="border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: center; white-space: nowrap; vertical-align: bottom"><span style="font-size: 9.5pt">Drilling and<br/> mobilization</span></td> <td style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid; white-space: nowrap; vertical-align: bottom"><span style="font-size: 9.5pt"> </span></td> <td colspan="2" style="border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: center; white-space: nowrap; vertical-align: bottom"><span style="font-size: 9.5pt">Field<br/> expenditures</span></td> <td style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid; white-space: nowrap; vertical-align: bottom"><span style="font-size: 9.5pt"> </span></td> <td colspan="2" style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid; white-space: nowrap; vertical-align: bottom"><span style="font-size: 9.5pt">Geological<br/> Consulting</span></td> <td style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid; white-space: nowrap; vertical-align: bottom"><span style="font-size: 9.5pt"> </span></td> <td colspan="2" style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid; white-space: nowrap; vertical-align: bottom"><span style="font-size: 9.5pt">Geological <br/> and <br/> Technical<br/> Services</span></td> <td style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid; white-space: nowrap; vertical-align: bottom"><span style="font-size: 9.5pt"> </span></td> <td colspan="2" style="border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: center; white-space: nowrap; vertical-align: bottom"><span style="font-size: 9.5pt">Land claims<br/> and property<br/> taxes</span></td> <td style="text-align: right; border-bottom: Black 1.5pt solid; border-top: Black 1.5pt solid; white-space: nowrap; vertical-align: bottom"><span style="font-size: 9.5pt"> </span></td> <td colspan="2" style="text-align: right; border-bottom: Black 1.5pt solid; border-top: Black 1.5pt solid; white-space: nowrap; vertical-align: bottom"><span style="font-size: 9.5pt"><b>Total<br/> March 31,<br/> 2024</b></span></td></tr> <tr style="vertical-align: top"> <td style="padding-left: 2pt; text-align: left; width: 30%"><span style="font-size: 9.5pt"><b>Ontario</b></span></td> <td style="width: 1%"><span style="font-size: 9.5pt"> </span></td> <td style="width: 1%"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: justify; width: 8%"><span style="font-size: 9.5pt"> </span></td> <td style="width: 1%"><span style="font-size: 9.5pt"> </span></td> <td style="width: 1%"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: justify; width: 8%"><span style="font-size: 9.5pt"> </span></td> <td style="width: 1%"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: left; vertical-align: bottom; width: 1%"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: justify; width: 8%"><span style="font-size: 9.5pt"> </span></td> <td style="width: 1%"><span style="font-size: 9.5pt"> </span></td> <td style="width: 1%"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: justify; width: 8%"><span style="font-size: 9.5pt"> </span></td> <td style="width: 1%"><span style="font-size: 9.5pt"> </span></td> <td style="width: 1%"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: justify; width: 8%"><span style="font-size: 9.5pt"> </span></td> <td style="width: 1%"><span style="font-size: 9.5pt"> </span></td> <td style="width: 1%"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: justify; width: 8%"><span style="font-size: 9.5pt"> </span></td> <td style="width: 1%"><span style="font-size: 9.5pt"> </span></td> <td style="width: 1%"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: justify; width: 8%"><span style="font-size: 9.5pt"> </span></td></tr> <tr style="vertical-align: top"> <td style="padding-left: 0.125in; text-align: left"><span style="font-size: 9.5pt">Trix Lithium</span></td> <td><span style="font-size: 9.5pt"> </span></td> <td>$</td> <td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-181">-</div></td> <td><span style="font-size: 9.5pt"> </span></td> <td>$</td> <td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-182">-</div></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: left; vertical-align: bottom">$</td> <td style="text-align: right">45,000</td> <td><span style="font-size: 9.5pt"> </span></td> <td>$</td> <td style="text-align: right">65,050</td> <td><span style="font-size: 9.5pt"> </span></td> <td>$</td> <td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-183">-</div></td> <td><span style="font-size: 9.5pt"> </span></td> <td>$</td> <td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-184">-</div></td> <td><span style="font-size: 9.5pt"> </span></td> <td>$</td> <td style="text-align: right">110,050</td></tr> <tr style="vertical-align: top"> <td style="padding-left: 2pt; text-align: left"><span style="font-size: 9.5pt"><b>Quebec</b></span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: left; vertical-align: bottom"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="font-size: 9.5pt"> </span></td></tr> <tr style="vertical-align: top"> <td style="padding-left: 0.125in; text-align: left"><span style="font-size: 9.5pt">Augustus Lithium</span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right">98,566</td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right">907,763</td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: left; vertical-align: bottom"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="font-size: 9.5pt">366,970</span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right">228,700</td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right">506,769</td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right">13,087</td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right">2,121,855</td></tr> <tr style="vertical-align: top"> <td style="padding-left: 0.125in; text-align: left"><span style="font-size: 9.5pt">Pontax West Lithium</span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-185">-</div></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="-sec-ix-hidden: hidden-fact-186; font-size: 9.5pt">-</span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: left; vertical-align: bottom"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-187">-</div></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="font-size: 9.5pt">181,000</span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="-sec-ix-hidden: hidden-fact-188; font-size: 9.5pt">-</span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-189">-</div></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right">181,000</td></tr> <tr style="vertical-align: top"> <td style="padding-left: 0.125in; text-align: left"><span style="font-size: 9.5pt">Rose West Lithium</span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="-sec-ix-hidden: hidden-fact-190; font-size: 9.5pt">-</span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="-sec-ix-hidden: hidden-fact-191; font-size: 9.5pt">-</span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: left; vertical-align: bottom"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="-sec-ix-hidden: hidden-fact-192; font-size: 9.5pt">-</span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="font-size: 9.5pt">72,600</span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="-sec-ix-hidden: hidden-fact-193; font-size: 9.5pt">-</span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="-sec-ix-hidden: hidden-fact-194; font-size: 9.5pt">-</span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right">72,600</td></tr> <tr style="vertical-align: top"> <td style="padding-left: 0.125in; text-align: left">Rose East Lithium</td> <td> </td> <td> </td> <td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-195">-</div></td> <td> </td> <td> </td> <td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-196">-</div></td> <td> </td> <td style="text-align: left; vertical-align: bottom"> </td> <td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-197">-</div></td> <td> </td> <td> </td> <td style="text-align: right">88,200</td> <td> </td> <td> </td> <td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-198">-</div></td> <td> </td> <td> </td> <td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-199">-</div></td> <td> </td> <td> </td> <td style="text-align: right">88,200</td></tr> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid; padding-left: 2pt; text-align: left">General Exploration</td> <td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-200">-</div></td> <td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-201">-</div></td> <td style="border-bottom: Black 1pt solid"> </td> <td style="text-align: left; border-bottom: Black 1pt solid; vertical-align: bottom"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-202">-</div></td> <td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-203">-</div></td> <td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">9,700</td> <td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-204">-</div></td> <td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">9,700</td></tr> <tr style="font-size: 10pt; vertical-align: top"> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid; padding-left: 2pt; text-align: left"><span style="font-size: 10pt">Total</span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid"><span style="font-size: 10pt"> </span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid"><span style="font-size: 10pt">$</span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 10pt">98,566</span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid"><span style="font-size: 10pt"> </span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid"><span style="font-size: 10pt">$</span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 10pt">907,763</span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid"><span style="font-size: 10pt"> </span></td> <td style="font-size: 10pt; text-align: left; border-bottom: Black 1.5pt solid; vertical-align: bottom"><span style="font-size: 10pt">$</span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 10pt">411,970</span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid"><span style="font-size: 10pt"> </span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid"><span style="font-size: 10pt">$</span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 10pt">635,550</span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid"><span style="font-size: 10pt"> </span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid"><span style="font-size: 10pt">$</span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 10pt">516,469</span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid"><span style="font-size: 10pt"> </span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid"><span style="font-size: 10pt">$</span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 10pt">13,087</span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid"><span style="font-size: 10pt"> </span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid"><span style="font-size: 10pt">$</span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 10pt">2,583,405</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-top: Black 1.5pt solid"> </td><td style="border-top: Black 1.5pt solid"> </td> <td colspan="2" style="border-top: Black 1.5pt solid"> </td><td style="border-top: Black 1.5pt solid"> </td> <td colspan="2" style="border-top: Black 1.5pt solid"> </td><td style="border-top: Black 1.5pt solid"> </td> <td colspan="2" style="border-top: Black 1.5pt solid"> </td><td style="border-top: Black 1.5pt solid"> </td> <td colspan="2" style="border-top: Black 1.5pt solid"> </td><td style="border-top: Black 1.5pt solid"> </td> <td colspan="2" style="border-top: Black 1.5pt solid; text-align: center">Geological</td><td style="border-top: Black 1.5pt solid"> </td> <td colspan="2" style="border-top: Black 1.5pt solid"> </td><td style="border-top: Black 1.5pt solid"> </td> <td colspan="2" style="border-top: Black 1.5pt solid"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2"> </td><td> </td> <td colspan="2"> </td><td> </td> <td colspan="2"> </td><td> </td> <td colspan="2"> </td><td> </td> <td colspan="2" style="text-align: center">and</td><td> </td> <td colspan="2" style="text-align: center">Land claims</td><td> </td> <td colspan="2" style="text-align: right; font-weight: bold">Total</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; font-weight: bold">Year ended</td><td> </td> <td colspan="2" style="text-align: center">Assay and</td><td> </td> <td colspan="2" style="text-align: center">Drilling and</td><td> </td> <td colspan="2" style="text-align: center">Field</td><td> </td> <td colspan="2" style="text-align: center">Geological</td><td> </td> <td colspan="2" style="text-align: center">Technical</td><td> </td> <td colspan="2" style="text-align: center">and property</td><td> </td> <td colspan="2" style="text-align: right; font-weight: bold">March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; text-align: center; font-weight: bold">March 31, 2023</td><td style="border-bottom: Black 1.5pt solid"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">sampling</td><td style="border-bottom: Black 1.5pt solid"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">mobilization</td><td style="border-bottom: Black 1.5pt solid"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">expenditures</td><td style="border-bottom: Black 1.5pt solid"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Consulting</td><td style="border-bottom: Black 1.5pt solid"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Services</td><td style="border-bottom: Black 1.5pt solid"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">taxes</td><td style="border-bottom: Black 1.5pt solid"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: right; font-weight: bold">2023</td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold">Ontario</td><td> </td> <td colspan="2"> </td><td> </td> <td colspan="2"> </td><td> </td> <td colspan="2"> </td><td> </td> <td colspan="2"> </td><td> </td> <td colspan="2"> </td><td> </td> <td colspan="2"> </td><td> </td> <td colspan="2"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; width: 30%; text-align: left">Jubilee Lithium</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-205">-</div></td><td style="width: 1%; text-align: left"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-206">-</div></td><td style="width: 1%; text-align: left"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-207">-</div></td><td style="width: 1%; text-align: left"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">29,465</td><td style="width: 1%; text-align: left"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">34,830</td><td style="width: 1%; text-align: left"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-208"> -</div></td><td style="width: 1%; text-align: left"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">64,295</td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; text-align: left">Trix Lithium</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,000</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-209">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-210">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">25,750</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-211">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-212">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">32,750</td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold">Quebec</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; text-align: left">Titan Gold</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">36,450</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-213">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">32,400</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">20,250</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-214">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-215">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">89,100</td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; text-align: left">Augustus Lithium</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">20,634</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">733,741</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">216,690</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">176,850</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">326,948</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-216">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">1,474,863</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; padding-left: 0in; text-align: left">General Exploration</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">8,401</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-217">-</div></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,214</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">149,050</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-218">-</div></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-219">-</div></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">159,665</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid">Total</td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">72,485</td><td style="border-bottom: Black 1.5pt solid; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">733,741</td><td style="border-bottom: Black 1.5pt solid; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">251,304</td><td style="border-bottom: Black 1.5pt solid; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">401,365</td><td style="border-bottom: Black 1.5pt solid; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">361,778</td><td style="border-bottom: Black 1.5pt solid; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-220">-</div></td><td style="border-bottom: Black 1.5pt solid; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,820,673</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Year ended <br/> March 31, 2022</b></span></td><td style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid"> </td> <td colspan="2" style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid">Assay and <br/> sampling</td><td style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid"> </td> <td colspan="2" style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid">Drilling and <br/> mobilization</td><td style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid"> </td> <td colspan="2" style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid">Field <br/> expenditures</td><td style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid"> </td> <td colspan="2" style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid">Geological <br/> Consulting</td><td style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid"> </td> <td colspan="2" style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid">Geological <br/> and <br/> Technical <br/> Services</td><td style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid"> </td> <td colspan="2" style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid">Land claims <br/> and property <br/> taxes</td><td style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid"> </td> <td colspan="2" style="border-top: Black 1.5pt solid; text-align: right; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Total<br/> March 31,<br/> 2022</b></span></td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold">British Columbia</td><td> </td> <td colspan="2"> </td><td> </td> <td colspan="2"> </td><td> </td> <td colspan="2"> </td><td> </td> <td colspan="2"> </td><td> </td> <td colspan="2"> </td><td> </td> <td colspan="2"> </td><td> </td> <td colspan="2"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-indent: 0.125in; padding-left: 0in; font-style: normal; width: 30%; font-weight: normal; text-align: left">Kokanee Creek <br/><b>Ontario</b></td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-221">-</div></td><td style="width: 1%; text-align: left"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-222">-</div></td><td style="width: 1%; text-align: left"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">17,000</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">47,500</td><td style="width: 1%; text-align: left"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">10,000</td><td style="width: 1%; text-align: left"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-223">-</div></td><td style="width: 1%; text-align: left"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">74,500</td></tr> <tr style="vertical-align: bottom"> <td style="text-indent: 0.125in; font-style: normal; font-weight: normal; text-align: left">Phyllis Cobalt <br/><b>Quebec</b></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,797</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">11,250</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-224">-</div></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-225">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-226">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-227">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">21,047</td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; text-align: left">Titan Gold</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-228">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-229">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-230">-</div></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">75</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-231">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-232">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">75</td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; text-align: left">Augustus Lithium</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">115,584</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">822,454</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">208,742</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">280,223</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">73,665</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">1,593</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">1,502,261</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1.5pt">General Exploration</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-233">-</div></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-234">-</div></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-235">-</div></td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">11,238</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-236">-</div></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-237">-</div></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">11,238</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt">Total</td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">125,381</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">833,704</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">225,742</td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">339,036</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">83,665</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,593</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,609,121</td></tr> </table> | |
| CY2024 | ifrs-full |
Disclosure Of Detailed Information About Property Plant And Equipment Explanatory
DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory
|
Exploration and evaluation assets deferred to the statements of financial position at March 31, 2024 and 2023 are as follows:<table cellpadding="0" cellspacing="0" style="font: 8.5pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 8.5pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: right"><p style="font: 8.5pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"><b>March 31,</b></p> <p style="font: 8.5pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"><b>2023</b></p></td><td style="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: right; border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; font: bold 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt">Additions</td><td style="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; font: bold 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: right; border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; font: bold 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt">Recovery</td><td style="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; font: bold 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: right; border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; font: bold 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt">Write-off</td><td style="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; font: bold 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: right"><p style="font: 8.5pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"><b>March 31,</b></p> <p style="font: 8.5pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"><b>2024</b></p></td><td style="border-top: Black 1.5pt solid; border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td></tr> <tr style="font: 8.5pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 8.5pt Times New Roman, Times, Serif; width: 41%; text-align: left; padding-left: 3.1pt">Abitibi Lithium</td><td style="font: 8.5pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font: 8.5pt Times New Roman, Times, Serif; width: 9%; text-align: right">1,767,000</td><td style="font: 8.5pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font: 8.5pt Times New Roman, Times, Serif; width: 9%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-108">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font: 8.5pt Times New Roman, Times, Serif; width: 9%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-109"> -</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font: 8.5pt Times New Roman, Times, Serif; width: 9%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-110">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; width: 3%"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font: 8.5pt Times New Roman, Times, Serif; width: 9%; text-align: right">1,767,000</td><td style="font: 8.5pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font: 8.5pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left; padding-left: 3.1pt">Augustus Lithium</td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">593,290</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-111">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-112">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-113">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">593,290</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 8.5pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left; padding-left: 3.1pt">Canadian Lithium</td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">228,881</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-114">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-115">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-116">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">228,881</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 8.5pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left; padding-left: 3.1pt">Cosgrave Lithium</td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-117">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">104,750</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-118">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-119">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">104,750</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 8.5pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left; padding-left: 3.1pt">Electron Lithium</td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">650,405</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-120">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-121">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-122">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">650,405</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 8.5pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left; padding-left: 3.1pt">Jubilee Lithium</td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">20,000</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">30,000</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-123">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">(50,000</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left">)</td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-124">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 8.5pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left; padding-left: 3.1pt">Kokanee Creek</td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">932,125</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-125">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-126">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-127">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">932,125</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 8.5pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left; padding-left: 3.1pt">McNeely</td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">820,000</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-128">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-129">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-130">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">820,000</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 8.5pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left; padding-left: 3.1pt">North Spirit</td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">442,105</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-131">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-132">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">(442,105</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left">)</td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-133">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 8.5pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left; padding-left: 3.1pt">Rose West Lithium</td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">884,000</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-134">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-135">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-136">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">884,000</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 8.5pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left; padding-left: 3.1pt">Rose East Lithium</td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">900,000</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">75,000</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-137">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-138">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">975,000</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 8.5pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left; padding-left: 3.1pt">Titan Gold</td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">178,500</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-139">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-140">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right">(178,500</td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left">)</td><td style="font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-141">-</div></td><td style="font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 8.5pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt; padding-left: 3.1pt">Trix Lithium</td><td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: right">75,000</td><td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: right">4,166</td><td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-142">-</div></td><td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: right">(79,166</td><td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left">)</td><td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-143">-</div></td><td style="border-bottom: Black 1pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="font: 8.5pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt"> </td><td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: right">7,491,306</td><td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: right">213,916</td><td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: right"><div style="-sec-ix-hidden: hidden-fact-144">-</div></td><td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: right">(749,771</td><td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left">)</td><td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif; text-align: right">6,955,451</td><td style="border-bottom: Black 1.5pt solid; font: 8.5pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> </table><table cellpadding="0" cellspacing="0" style="font: 8.5pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-size: 8.5pt; vertical-align: bottom"> <td style="font-size: 8.5pt; border-top: Black 1.5pt solid; text-align: left; width: 41%"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-top: Black 1.5pt solid; font-weight: bold; width: 1%"><span style="font-size: 8.5pt"> </span></td> <td style="font-size: 8.5pt; border-top: Black 1.5pt solid; font-weight: bold; text-align: left; width: 1%"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-top: Black 1.5pt solid; font-weight: bold; text-align: right; width: 9%"><span style="font-size: 8.5pt"><b>March 31,</b></span></td><td style="font-size: 8.5pt; border-top: Black 1.5pt solid; font-weight: bold; text-align: left; width: 1%"><span style="font-size: 8.5pt"> </span></td> <td style="font-size: 8.5pt; border-top: Black 1.5pt solid; text-align: left; width: 1%"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-top: Black 1.5pt solid; text-align: right; width: 9%"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-top: Black 1.5pt solid; text-align: left; width: 1%"><span style="font-size: 8.5pt"> </span></td> <td style="font-size: 8.5pt; border-top: Black 1.5pt solid; text-align: left; width: 1%"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-top: Black 1.5pt solid; text-align: right; width: 9%"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-top: Black 1.5pt solid; text-align: left; width: 1%"><span style="font-size: 8.5pt"> </span></td> <td style="font-size: 8.5pt; border-top: Black 1.5pt solid; text-align: left; width: 1%"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-top: Black 1.5pt solid; text-align: right; width: 9%"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-top: Black 1.5pt solid; text-align: left; width: 1%"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-top: Black 1.5pt solid; font-weight: bold; width: 3%"><span style="font-size: 8.5pt"> </span></td> <td style="font-size: 8.5pt; border-top: Black 1.5pt solid; font-weight: bold; text-align: left; width: 1%"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-top: Black 1.5pt solid; font-weight: bold; text-align: right; width: 9%"><span style="font-size: 8.5pt"><b>March 31,</b></span></td><td style="font-size: 8.5pt; border-top: Black 1.5pt solid; font-weight: bold; text-align: left; width: 1%"><span style="font-size: 8.5pt"> </span></td></tr> <tr style="font-size: 8.5pt; vertical-align: bottom"> <td style="font-size: 8.5pt; border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1.5pt"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-bottom: Black 1pt solid; font-weight: bold"><span style="font-size: 8.5pt"> </span></td> <td style="font-size: 8.5pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="font-size: 8.5pt">2022</span></td><td style="font-size: 8.5pt; border-bottom: Black 1pt solid; padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8.5pt"> </span></td> <td style="font-size: 8.5pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="font-size: 8.5pt"><b>Additions</b></span></td><td style="font-size: 8.5pt; border-bottom: Black 1pt solid; padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8.5pt"> </span></td> <td style="font-size: 8.5pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="font-size: 8.5pt"><b>Recovery</b></span></td><td style="font-size: 8.5pt; border-bottom: Black 1pt solid; padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8.5pt"> </span></td> <td style="font-size: 8.5pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="font-size: 8.5pt"><b>Write-off</b></span></td><td style="font-size: 8.5pt; border-bottom: Black 1pt solid; padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-bottom: Black 1pt solid; font-weight: bold"><span style="font-size: 8.5pt"> </span></td> <td style="font-size: 8.5pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: left"><span style="font-size: 8.5pt"> </span></td><td style="font-size: 8.5pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><span style="font-size: 8.5pt">2023</span></td><td style="font-size: 8.5pt; border-bottom: Black 1pt solid; padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8.5pt"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 3.1pt">Abitibi Lithium</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,767,000</td><td style="text-align: left"> </td> <td style="text-align: left">$</td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-145">-</div></td><td style="text-align: left"> </td> <td style="text-align: left">$</td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-146">-</div></td><td style="text-align: left"> </td> <td style="text-align: left">$</td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-147">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,767,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 3.1pt">Augustus Lithium</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">335,000</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">258,290</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-148">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-149">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">593,290</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 3.1pt">Canadian Lithium</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">176,250</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">52,631</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-150">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-151">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">228,881</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 3.1pt">Electron Lithium</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">981,250</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">200,000</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">(530,845</td><td style="text-align: left">)</td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-152">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">650,405</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 3.1pt">Falcon Lake</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">50,000</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">107,500</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">(157,500</td><td style="text-align: left">)</td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-153">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 3.1pt">Gaspésie Peninsula</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-154">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">288,500</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-155">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">(288,500</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 3.1pt">Jubilee Lithium</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-156">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">20,000</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-157">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-158">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">20,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 3.1pt">Kokanee Creek</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">932,125</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-159">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-160">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-161">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">932,125</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 3.1pt">McNeely</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">820,000</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-162">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-163">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-164">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">820,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 3.1pt">North Spirit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-165">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">442,105</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-166">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-167">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">442,105</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 3.1pt">Red Lake</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">792,750</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-168">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-169">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">(792,750</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 3.1pt">Rose West Lithium</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-170">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">884,000</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-171">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-172">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">884,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 3.1pt">Rose East Lithium</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-173">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">900,000</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-174">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-175">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">900,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 3.1pt">Titan Gold</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">150,500</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">28,000</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-176">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-177">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">178,500</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1.5pt; padding-left: 3.1pt">Trix Lithium</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-178">-</div></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">75,000</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-179">-</div></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-180">-</div></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1.5pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">75,000</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; text-align: left; padding-bottom: 1.5pt"> </td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">6,004,875</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">3,256,026</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">(688,345</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: left">)</td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,081,250</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: left">)</td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">7,491,306</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: left"> </td></tr> </table><p style="margin-top: 0; margin-bottom: 0"> </p> | |
| CY2023Q1 | ifrs-full |
Deferred Tax Assets
DeferredTaxAssets
|
7491306 | cad |
| CY2024 | ifrs-full |
Additions To Noncurrent Assets
AdditionsToNoncurrentAssets
|
213916 | cad |
| CY2024 | ifrs-full |
Decrease Through Writeoff Financial Assets
DecreaseThroughWriteoffFinancialAssets
|
749771 | cad |
| CY2024Q1 | ifrs-full |
Deferred Tax Assets
DeferredTaxAssets
|
6955451 | cad |
| CY2022Q1 | ifrs-full |
Deferred Tax Assets
DeferredTaxAssets
|
6004875 | cad |
| CY2023 | ifrs-full |
Additions To Noncurrent Assets
AdditionsToNoncurrentAssets
|
3256026 | cad |
| CY2023 | ifrs-full |
Gain On Recovery Of Loans And Advances Previously Written Off
GainOnRecoveryOfLoansAndAdvancesPreviouslyWrittenOff
|
688345 | cad |
| CY2023 | ifrs-full |
Decrease Through Writeoff Financial Assets
DecreaseThroughWriteoffFinancialAssets
|
1081250 | cad |
| CY2024Q1 | femff |
Royalty Percentage
RoyaltyPercentage
|
0.03 | pure |
| CY2024 | ifrs-full |
Royalty Expense
RoyaltyExpense
|
1000000 | cad |
| CY2024 | femff |
Initial Interest Rate
InitialInterestRate
|
0.50 | pure |
| CY2024Q1 | ifrs-full |
Percentage Of Voting Equity Interests Acquired
PercentageOfVotingEquityInterestsAcquired
|
0.25 | pure |
| CY2024 | femff |
Payment And Issuing
PaymentAndIssuing
|
300000 | aud |
| CY2024 | femff |
Interest Rate
InterestRate
|
0.25 | pure |
| CY2024 | femff |
Valuation Amount
ValuationAmount
|
2000000 | aud |
| CY2024 | femff |
Disclosure Of Option Paymentstext Block
DisclosureOfOptionPaymentstextBlock
|
Under the terms of the Jubilee Lithium Agreement, the Company had acquired a 100% interest in the property by completing the following option payments:<table cellpadding="0" cellspacing="0" style="width: 35%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="padding: 5pt 0pt 5pt 5pt; border-top: black 1.5pt solid; border-right: black 1pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; text-align: center; width: 49%; vertical-align: middle"> <p style="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Due Dates</p></td> <td style="padding: 5pt 0pt; vertical-align: middle; border-top: black 1.5pt solid; border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; text-align: center; width: 51%"> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Option payments <br/> ($)</p></td></tr> <tr style="vertical-align: top"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1.5pt solid; padding-right: 8.35pt; padding-left: 5pt"><span style="font-size: 10pt">December 1, 2024 <br/> (paid)</span></td> <td style="vertical-align: middle; border-right: black 1.5pt solid; border-bottom: black 1pt solid; padding-left: 0pt; padding-right: 0pt; text-align: center"><span style="font-size: 10pt">20,000</span></td></tr> <tr style="vertical-align: top"> <td style="border-right: black 1pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; padding-left: 5pt"><span style="font-size: 10pt">December 1, 2025<br/> (paid)</span></td> <td style="vertical-align: middle; border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; padding-left: 0pt; padding-right: 0pt; text-align: center"><span style="font-size: 10pt">30,000</span></td></tr> </table> | |
| CY2024Q4 | ifrs-full |
Payments Of Other Equity Instruments
PaymentsOfOtherEquityInstruments
|
20000 | usd |
| CY2025Q4 | ifrs-full |
Payments Of Other Equity Instruments
PaymentsOfOtherEquityInstruments
|
30000 | usd |
| CY2024 | femff |
Disclosure Of Common Share Issuancestext Block
DisclosureOfCommonShareIssuancestextBlock
|
Under the terms of the Pontax West Lithium Agreement, the Company has the option to acquire a 100% interest in the property by completing the following common share issuances:<table cellpadding="0" cellspacing="0" style="width: 40%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: black 1.5pt solid; border-right: black 1pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; text-align: left; padding-right: 0pt; padding-bottom: 5pt; width: 49%; padding-left: 5pt; text-indent: 0pt; vertical-align: bottom"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Due Dates</p></td> <td style="vertical-align: middle; text-indent: 0pt; padding-bottom: 5pt; border-top: black 1.5pt solid; border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; text-align: center; padding-right: 0pt; width: 51%; padding-left: 0pt"> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Issuance of<br/> FE Battery <br/> common shares</p></td></tr> <tr style="vertical-align: top"> <td style="padding-bottom: 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1.5pt solid; padding-right: 23.35pt; padding-left: 5pt"><span style="font-size: 10pt">On signing</span> </td><td style="padding-bottom: 3pt; vertical-align: middle; border-right: black 1.5pt solid; border-bottom: black 1pt solid; padding-left: 0pt; padding-right: 0pt; text-align: center"><span style="font-size: 10pt">1,500,000</span></td></tr> <tr style="vertical-align: top"> <td style="padding-bottom: 3pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1.5pt solid; padding-right: 23.35pt; padding-left: 5pt">October 13, 2024</td> <td style="padding-bottom: 3pt; vertical-align: middle; border-right: black 1.5pt solid; border-bottom: black 1pt solid; padding-left: 0pt; padding-right: 0pt; text-align: center">2,000,000</td></tr> <tr style="vertical-align: top"> <td style="padding-bottom: 3pt; border-right: black 1pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; padding-left: 5pt">October 13, 2025</td> <td style="padding-bottom: 3pt; vertical-align: middle; border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; padding-left: 0pt; padding-right: 0pt; text-align: center"><span style="font-size: 10pt">2,500,000</span></td></tr> </table>Under the terms of the Rose East Lithium Agreement, the Company has the option to acquire a 100% interest in the property by completing the following option payments:<table cellpadding="0" cellspacing="0" style="width: 40%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="padding-top: 3pt; width: 50%; border-top: black 1.5pt solid; border-right: black 1pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; padding-bottom: 3pt"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Due Dates</p></td> <td style="padding-top: 3pt; border-top: black 1.5pt solid; border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; width: 50%; text-align: center; padding-bottom: 3pt"><span style="font-size: 10pt">Issuance of FE Battery<br/> common shares</span></td></tr> <tr style="vertical-align: top"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1.5pt solid; padding-top: 1.9pt; padding-left: 7pt; text-align: left"><span style="font-size: 10pt">March 4, 2023 (issued)</span></td> <td style="padding-top: 1.9pt; border-right: black 1.5pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt">1,500,000</span></td></tr> <tr style="vertical-align: top"> <td style="border-right: black 1pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; padding-top: 1.9pt; padding-left: 7pt; text-align: left"><span style="font-size: 10pt">March 4, 2024</span></td> <td style="padding-top: 1.9pt; border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; text-align: center"><span style="font-size: 10pt">1,500,000</span></td></tr> </table> | |
| CY2024 | ifrs-full |
Disclosure Of Operating Segments Explanatory
DisclosureOfOperatingSegmentsExplanatory
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Exploration and evaluation expenditures recorded in the statements of loss and comprehensive loss for the year ended March 31, 2024, 2023 and 2022 are as follows:<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-bottom: Black 1.5pt solid; border-top: Black 1.5pt solid; white-space: nowrap; padding-left: 2pt; vertical-align: bottom; text-align: center"><span style="font-size: 9.5pt"><b>Year ended <br/> March 31, 2024</b></span></td> <td style="border-bottom: Black 1.5pt solid; border-top: Black 1.5pt solid; white-space: nowrap"><span style="font-size: 9.5pt"> </span></td> <td colspan="2" style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid; white-space: nowrap; vertical-align: bottom"><span style="font-size: 9.5pt">Assay and<br/> sampling</span></td> <td style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid; white-space: nowrap; vertical-align: bottom"><span style="font-size: 9.5pt"> </span></td> <td colspan="2" style="border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: center; white-space: nowrap; vertical-align: bottom"><span style="font-size: 9.5pt">Drilling and<br/> mobilization</span></td> <td style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid; white-space: nowrap; vertical-align: bottom"><span style="font-size: 9.5pt"> </span></td> <td colspan="2" style="border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: center; white-space: nowrap; vertical-align: bottom"><span style="font-size: 9.5pt">Field<br/> expenditures</span></td> <td style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid; white-space: nowrap; vertical-align: bottom"><span style="font-size: 9.5pt"> </span></td> <td colspan="2" style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid; white-space: nowrap; vertical-align: bottom"><span style="font-size: 9.5pt">Geological<br/> Consulting</span></td> <td style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid; white-space: nowrap; vertical-align: bottom"><span style="font-size: 9.5pt"> </span></td> <td colspan="2" style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid; white-space: nowrap; vertical-align: bottom"><span style="font-size: 9.5pt">Geological <br/> and <br/> Technical<br/> Services</span></td> <td style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid; white-space: nowrap; vertical-align: bottom"><span style="font-size: 9.5pt"> </span></td> <td colspan="2" style="border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: center; white-space: nowrap; vertical-align: bottom"><span style="font-size: 9.5pt">Land claims<br/> and property<br/> taxes</span></td> <td style="text-align: right; border-bottom: Black 1.5pt solid; border-top: Black 1.5pt solid; white-space: nowrap; vertical-align: bottom"><span style="font-size: 9.5pt"> </span></td> <td colspan="2" style="text-align: right; border-bottom: Black 1.5pt solid; border-top: Black 1.5pt solid; white-space: nowrap; vertical-align: bottom"><span style="font-size: 9.5pt"><b>Total<br/> March 31,<br/> 2024</b></span></td></tr> <tr style="vertical-align: top"> <td style="padding-left: 2pt; text-align: left; width: 30%"><span style="font-size: 9.5pt"><b>Ontario</b></span></td> <td style="width: 1%"><span style="font-size: 9.5pt"> </span></td> <td style="width: 1%"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: justify; width: 8%"><span style="font-size: 9.5pt"> </span></td> <td style="width: 1%"><span style="font-size: 9.5pt"> </span></td> <td style="width: 1%"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: justify; width: 8%"><span style="font-size: 9.5pt"> </span></td> <td style="width: 1%"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: left; vertical-align: bottom; width: 1%"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: justify; width: 8%"><span style="font-size: 9.5pt"> </span></td> <td style="width: 1%"><span style="font-size: 9.5pt"> </span></td> <td style="width: 1%"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: justify; width: 8%"><span style="font-size: 9.5pt"> </span></td> <td style="width: 1%"><span style="font-size: 9.5pt"> </span></td> <td style="width: 1%"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: justify; width: 8%"><span style="font-size: 9.5pt"> </span></td> <td style="width: 1%"><span style="font-size: 9.5pt"> </span></td> <td style="width: 1%"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: justify; width: 8%"><span style="font-size: 9.5pt"> </span></td> <td style="width: 1%"><span style="font-size: 9.5pt"> </span></td> <td style="width: 1%"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: justify; width: 8%"><span style="font-size: 9.5pt"> </span></td></tr> <tr style="vertical-align: top"> <td style="padding-left: 0.125in; text-align: left"><span style="font-size: 9.5pt">Trix Lithium</span></td> <td><span style="font-size: 9.5pt"> </span></td> <td>$</td> <td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-181">-</div></td> <td><span style="font-size: 9.5pt"> </span></td> <td>$</td> <td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-182">-</div></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: left; vertical-align: bottom">$</td> <td style="text-align: right">45,000</td> <td><span style="font-size: 9.5pt"> </span></td> <td>$</td> <td style="text-align: right">65,050</td> <td><span style="font-size: 9.5pt"> </span></td> <td>$</td> <td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-183">-</div></td> <td><span style="font-size: 9.5pt"> </span></td> <td>$</td> <td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-184">-</div></td> <td><span style="font-size: 9.5pt"> </span></td> <td>$</td> <td style="text-align: right">110,050</td></tr> <tr style="vertical-align: top"> <td style="padding-left: 2pt; text-align: left"><span style="font-size: 9.5pt"><b>Quebec</b></span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: left; vertical-align: bottom"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="font-size: 9.5pt"> </span></td></tr> <tr style="vertical-align: top"> <td style="padding-left: 0.125in; text-align: left"><span style="font-size: 9.5pt">Augustus Lithium</span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right">98,566</td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right">907,763</td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: left; vertical-align: bottom"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="font-size: 9.5pt">366,970</span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right">228,700</td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right">506,769</td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right">13,087</td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right">2,121,855</td></tr> <tr style="vertical-align: top"> <td style="padding-left: 0.125in; text-align: left"><span style="font-size: 9.5pt">Pontax West Lithium</span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-185">-</div></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="-sec-ix-hidden: hidden-fact-186; font-size: 9.5pt">-</span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: left; vertical-align: bottom"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-187">-</div></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="font-size: 9.5pt">181,000</span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="-sec-ix-hidden: hidden-fact-188; font-size: 9.5pt">-</span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-189">-</div></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right">181,000</td></tr> <tr style="vertical-align: top"> <td style="padding-left: 0.125in; text-align: left"><span style="font-size: 9.5pt">Rose West Lithium</span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="-sec-ix-hidden: hidden-fact-190; font-size: 9.5pt">-</span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="-sec-ix-hidden: hidden-fact-191; font-size: 9.5pt">-</span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: left; vertical-align: bottom"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="-sec-ix-hidden: hidden-fact-192; font-size: 9.5pt">-</span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="font-size: 9.5pt">72,600</span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="-sec-ix-hidden: hidden-fact-193; font-size: 9.5pt">-</span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right"><span style="-sec-ix-hidden: hidden-fact-194; font-size: 9.5pt">-</span></td> <td><span style="font-size: 9.5pt"> </span></td> <td><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right">72,600</td></tr> <tr style="vertical-align: top"> <td style="padding-left: 0.125in; text-align: left">Rose East Lithium</td> <td> </td> <td> </td> <td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-195">-</div></td> <td> </td> <td> </td> <td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-196">-</div></td> <td> </td> <td style="text-align: left; vertical-align: bottom"> </td> <td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-197">-</div></td> <td> </td> <td> </td> <td style="text-align: right">88,200</td> <td> </td> <td> </td> <td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-198">-</div></td> <td> </td> <td> </td> <td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-199">-</div></td> <td> </td> <td> </td> <td style="text-align: right">88,200</td></tr> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid; padding-left: 2pt; text-align: left">General Exploration</td> <td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-200">-</div></td> <td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-201">-</div></td> <td style="border-bottom: Black 1pt solid"> </td> <td style="text-align: left; border-bottom: Black 1pt solid; vertical-align: bottom"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-202">-</div></td> <td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-203">-</div></td> <td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">9,700</td> <td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-204">-</div></td> <td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">9,700</td></tr> <tr style="font-size: 10pt; vertical-align: top"> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid; padding-left: 2pt; text-align: left"><span style="font-size: 10pt">Total</span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid"><span style="font-size: 10pt"> </span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid"><span style="font-size: 10pt">$</span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 10pt">98,566</span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid"><span style="font-size: 10pt"> </span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid"><span style="font-size: 10pt">$</span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 10pt">907,763</span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid"><span style="font-size: 10pt"> </span></td> <td style="font-size: 10pt; text-align: left; border-bottom: Black 1.5pt solid; vertical-align: bottom"><span style="font-size: 10pt">$</span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 10pt">411,970</span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid"><span style="font-size: 10pt"> </span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid"><span style="font-size: 10pt">$</span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 10pt">635,550</span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid"><span style="font-size: 10pt"> </span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid"><span style="font-size: 10pt">$</span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 10pt">516,469</span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid"><span style="font-size: 10pt"> </span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid"><span style="font-size: 10pt">$</span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 10pt">13,087</span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid"><span style="font-size: 10pt"> </span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid"><span style="font-size: 10pt">$</span></td> <td style="font-size: 10pt; border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 10pt">2,583,405</span></td></tr> </table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-top: Black 1.5pt solid"> </td><td style="border-top: Black 1.5pt solid"> </td> <td colspan="2" style="border-top: Black 1.5pt solid"> </td><td style="border-top: Black 1.5pt solid"> </td> <td colspan="2" style="border-top: Black 1.5pt solid"> </td><td style="border-top: Black 1.5pt solid"> </td> <td colspan="2" style="border-top: Black 1.5pt solid"> </td><td style="border-top: Black 1.5pt solid"> </td> <td colspan="2" style="border-top: Black 1.5pt solid"> </td><td style="border-top: Black 1.5pt solid"> </td> <td colspan="2" style="border-top: Black 1.5pt solid; text-align: center">Geological</td><td style="border-top: Black 1.5pt solid"> </td> <td colspan="2" style="border-top: Black 1.5pt solid"> </td><td style="border-top: Black 1.5pt solid"> </td> <td colspan="2" style="border-top: Black 1.5pt solid"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2"> </td><td> </td> <td colspan="2"> </td><td> </td> <td colspan="2"> </td><td> </td> <td colspan="2"> </td><td> </td> <td colspan="2" style="text-align: center">and</td><td> </td> <td colspan="2" style="text-align: center">Land claims</td><td> </td> <td colspan="2" style="text-align: right; font-weight: bold">Total</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; font-weight: bold">Year ended</td><td> </td> <td colspan="2" style="text-align: center">Assay and</td><td> </td> <td colspan="2" style="text-align: center">Drilling and</td><td> </td> <td colspan="2" style="text-align: center">Field</td><td> </td> <td colspan="2" style="text-align: center">Geological</td><td> </td> <td colspan="2" style="text-align: center">Technical</td><td> </td> <td colspan="2" style="text-align: center">and property</td><td> </td> <td colspan="2" style="text-align: right; font-weight: bold">March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; text-align: center; font-weight: bold">March 31, 2023</td><td style="border-bottom: Black 1.5pt solid"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">sampling</td><td style="border-bottom: Black 1.5pt solid"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">mobilization</td><td style="border-bottom: Black 1.5pt solid"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">expenditures</td><td style="border-bottom: Black 1.5pt solid"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Consulting</td><td style="border-bottom: Black 1.5pt solid"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Services</td><td style="border-bottom: Black 1.5pt solid"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">taxes</td><td style="border-bottom: Black 1.5pt solid"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: right; font-weight: bold">2023</td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold">Ontario</td><td> </td> <td colspan="2"> </td><td> </td> <td colspan="2"> </td><td> </td> <td colspan="2"> </td><td> </td> <td colspan="2"> </td><td> </td> <td colspan="2"> </td><td> </td> <td colspan="2"> </td><td> </td> <td colspan="2"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; width: 30%; text-align: left">Jubilee Lithium</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-205">-</div></td><td style="width: 1%; text-align: left"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-206">-</div></td><td style="width: 1%; text-align: left"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-207">-</div></td><td style="width: 1%; text-align: left"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">29,465</td><td style="width: 1%; text-align: left"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">34,830</td><td style="width: 1%; text-align: left"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-208"> -</div></td><td style="width: 1%; text-align: left"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">64,295</td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; text-align: left">Trix Lithium</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,000</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-209">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-210">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">25,750</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-211">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-212">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">32,750</td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold">Quebec</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; text-align: left">Titan Gold</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">36,450</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-213">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">32,400</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">20,250</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-214">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-215">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">89,100</td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; text-align: left">Augustus Lithium</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">20,634</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">733,741</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">216,690</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">176,850</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">326,948</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-216">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">1,474,863</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; padding-left: 0in; text-align: left">General Exploration</td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">8,401</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-217">-</div></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,214</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">149,050</td><td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-218">-</div></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-219">-</div></td><td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">159,665</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid">Total</td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">72,485</td><td style="border-bottom: Black 1.5pt solid; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">733,741</td><td style="border-bottom: Black 1.5pt solid; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">251,304</td><td style="border-bottom: Black 1.5pt solid; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">401,365</td><td style="border-bottom: Black 1.5pt solid; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">361,778</td><td style="border-bottom: Black 1.5pt solid; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-220">-</div></td><td style="border-bottom: Black 1.5pt solid; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,820,673</td></tr> </table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Year ended <br/> March 31, 2022</b></span></td><td style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid"> </td> <td colspan="2" style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid">Assay and <br/> sampling</td><td style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid"> </td> <td colspan="2" style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid">Drilling and <br/> mobilization</td><td style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid"> </td> <td colspan="2" style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid">Field <br/> expenditures</td><td style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid"> </td> <td colspan="2" style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid">Geological <br/> Consulting</td><td style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid"> </td> <td colspan="2" style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid">Geological <br/> and <br/> Technical <br/> Services</td><td style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid"> </td> <td colspan="2" style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid">Land claims <br/> and property <br/> taxes</td><td style="border-top: Black 1.5pt solid; text-align: center; border-bottom: Black 1.5pt solid"> </td> <td colspan="2" style="border-top: Black 1.5pt solid; text-align: right; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Total<br/> March 31,<br/> 2022</b></span></td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold">British Columbia</td><td> </td> <td colspan="2"> </td><td> </td> <td colspan="2"> </td><td> </td> <td colspan="2"> </td><td> </td> <td colspan="2"> </td><td> </td> <td colspan="2"> </td><td> </td> <td colspan="2"> </td><td> </td> <td colspan="2"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-indent: 0.125in; padding-left: 0in; font-style: normal; width: 30%; font-weight: normal; text-align: left">Kokanee Creek <br/><b>Ontario</b></td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-221">-</div></td><td style="width: 1%; text-align: left"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-222">-</div></td><td style="width: 1%; text-align: left"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">17,000</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">47,500</td><td style="width: 1%; text-align: left"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">10,000</td><td style="width: 1%; text-align: left"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-223">-</div></td><td style="width: 1%; text-align: left"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">74,500</td></tr> <tr style="vertical-align: bottom"> <td style="text-indent: 0.125in; font-style: normal; font-weight: normal; text-align: left">Phyllis Cobalt <br/><b>Quebec</b></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,797</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">11,250</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-224">-</div></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-225">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-226">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-227">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">21,047</td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; text-align: left">Titan Gold</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-228">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-229">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-230">-</div></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">75</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-231">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-232">-</div></td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">75</td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; text-align: left">Augustus Lithium</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">115,584</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">822,454</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">208,742</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">280,223</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">73,665</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">1,593</td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">1,502,261</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1.5pt">General Exploration</td><td style="border-bottom: Black 1pt solid; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-233">-</div></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-234">-</div></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-235">-</div></td><td style="border-bottom: Black 1pt solid"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">11,238</td><td style="border-bottom: Black 1pt solid; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-236">-</div></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-237">-</div></td><td style="border-bottom: Black 1pt solid; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">11,238</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt">Total</td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">125,381</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">833,704</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">225,742</td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">339,036</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">83,665</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,593</td><td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,609,121</td></tr> </table> | |
| CY2024 | ifrs-full |
Disclosure Of Accrued Expenses And Other Liabilities Explanatory
DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory
|
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left"><span style="font-size: 10pt"><b>7.</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b>Accounts Payable and Accrued Liabilities</b></span></td> </tr></table> <p style="margin: 0"> </p> <p style="margin: 0"></p> <table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: Black 1.5pt solid; border-bottom: Black 2pt solid; width: 62%"><span style="font-size: 9.5pt"> </span></td> <td style="border-top: Black 1.5pt solid; text-indent: 0pt; border-bottom: Black 2pt solid; text-align: center; padding-right: 0pt; width: 5%; padding-left: 0pt"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></p></td> <td style="border-top: Black 1.5pt solid; border-bottom: Black 2pt solid; width: 14%"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4.8pt 0pt 0; text-align: right"><span style="font-size: 9.5pt"><b>March 31,</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.35pt 0pt 0; text-align: right"><span style="font-size: 9.5pt"><b>2024</b></span></p></td> <td style="border-top: Black 1.5pt solid; padding-left: 5pt; border-bottom: Black 2pt solid; text-align: left; width: 5%"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2pt 0pt 0; text-align: left"></p></td> <td style="border-top: Black 1.5pt solid; border-bottom: Black 2pt solid; width: 14%"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2pt 0pt 0; text-align: right"><span style="font-size: 9.5pt"><b>March 31,</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.55pt 0pt 0; text-align: right"><span style="font-size: 9.5pt"><b>2023</b></span></p></td></tr> <tr style="vertical-align: top"> <td style="padding-left: 2.25pt"><span style="font-size: 9.5pt">Trade and other payables</span></td> <td style="text-indent: 0pt; text-align: center; padding-right: 0pt; padding-left: 0pt"><span style="font-size: 9.5pt">$</span></td> <td style="padding-right: 4.65pt; text-align: right"><span style="font-size: 9.5pt"> 206,583</span></td> <td style="text-align: left; padding-right: 0pt; padding-left: 5pt"><span style="font-size: 9.5pt">$</span></td> <td style="padding-right: 1.8pt; text-align: right"><span style="font-size: 9.5pt"> 456,589</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: black 1pt solid; padding-left: 2.25pt"><span style="font-size: 9.5pt">Accrued liabilities</span></td> <td style="text-indent: 0pt; border-bottom: black 1pt solid; padding-left: 0pt; padding-right: 0pt; text-align: center"></td> <td style="border-bottom: black 1pt solid; padding-right: 4.65pt; text-align: right"><span style="font-size: 9.5pt">30,000</span></td> <td style="border-bottom: black 1pt solid; padding-left: 5pt; padding-right: 0pt; text-align: left"></td> <td style="border-bottom: black 1pt solid; padding-right: 1.8pt; text-align: right"><span style="font-size: 9.5pt">1,977,816</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: Black 2pt solid; padding-left: 2.25pt"><span style="font-size: 9.5pt">Totals</span></td> <td style="border-bottom: Black 2pt solid; text-indent: 0pt; padding-left: 0pt; padding-right: 0pt; text-align: center"><span style="font-size: 9.5pt">$</span></td> <td style="border-bottom: Black 2pt solid; padding-right: 4.65pt; text-align: right"><span style="font-size: 9.5pt"> 236,583</span></td> <td style="border-bottom: Black 2pt solid; padding-left: 5pt; padding-right: 0pt; text-align: left"><span style="font-size: 9.5pt">$</span></td> <td style="border-bottom: Black 2pt solid; padding-right: 1.8pt; text-align: right"><span style="font-size: 9.5pt"> 2,434,405</span></td></tr> </table> | |
| CY2024Q1 | ifrs-full |
Trade And Other Payables
TradeAndOtherPayables
|
206583 | cad |
| CY2023Q1 | ifrs-full |
Trade And Other Payables
TradeAndOtherPayables
|
456589 | cad |
| CY2024Q1 | ifrs-full |
Accruals Classified As Current
AccrualsClassifiedAsCurrent
|
30000 | cad |
| CY2023Q1 | ifrs-full |
Accruals Classified As Current
AccrualsClassifiedAsCurrent
|
1977816 | cad |
| CY2024Q1 | ifrs-full |
Trade And Other Current Payables
TradeAndOtherCurrentPayables
|
236583 | cad |
| CY2023Q1 | ifrs-full |
Trade And Other Current Payables
TradeAndOtherCurrentPayables
|
2434405 | cad |
| CY2024 | ifrs-full |
Disclosure Of Related Party Explanatory
DisclosureOfRelatedPartyExplanatory
|
<table cellpadding="0" cellspacing="0" style="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 18pt">8.</td><td>Related Party Transactions and Balances</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="margin-top: 0pt; margin-bottom: 0pt">Remuneration of directors and key management personnel of the Company for the years ended March 31, 2024, 2023, and 2022 were as follows:</p> <p style="margin-top: 0pt; margin-bottom: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: Black 1.5pt solid; padding-top: 0.65pt; padding-left: 2.3pt"><span style="font-size: 9.5pt"> </span></td> <td style="border-top: Black 1.5pt solid; text-align: right"><span style="font-size: 9.5pt"> </span></td> <td colspan="5" style="border-top: Black 1.5pt solid; text-align: right"><span style="font-size: 9.5pt"><b>For the years ended March 31,</b></span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid; padding-top: 0.65pt; padding-left: 2.3pt; width: 49%"><span style="font-size: 9.5pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right; width: 3%"><span style="font-size: 9.5pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right; width: 12%"><span style="font-size: 9.5pt"><b>2024</b></span></td> <td style="text-align: right; border-bottom: Black 1pt solid; width: 3%"><span style="font-size: 9.5pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right; width: 15%"><span style="font-size: 9.5pt"><b>2023</b></span></td> <td style="border-bottom: Black 1pt solid; width: 3%"><span style="font-size: 9.5pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right; width: 15%"><span style="font-size: 9.5pt"><b>2022</b></span></td></tr> <tr style="vertical-align: top; "> <td style="padding-top: 0.65pt; padding-left: 2.3pt"><span style="font-size: 9.5pt">Consulting fees charged by directors of the Company</span></td> <td style="text-align: right"><span style="font-size: 9.5pt">$</span></td> <td style="text-align: right"><span style="font-size: 9.5pt">26,000</span></td> <td style="text-align: right"><span style="font-size: 9.5pt">$</span></td> <td style="text-align: right"><span style="font-size: 9.5pt">25,100</span></td> <td style="text-align: right"><span style="font-size: 9.5pt">$</span></td> <td style="text-align: right"><span style="font-size: 9.5pt">64,000</span></td></tr> <tr style="vertical-align: top; "> <td style="padding-top: 0.85pt; padding-left: 2.3pt"><span style="font-size: 9.5pt">Salaries, fees and benefits</span></td> <td style="text-align: right"><span style="font-size: 9.5pt">$</span></td> <td style="text-align: right"><span style="font-size: 9.5pt">234,800</span></td> <td style="text-align: right"><span style="font-size: 9.5pt">$</span></td> <td style="text-align: right"><span style="font-size: 9.5pt">200,000</span></td> <td style="text-align: right"><span style="font-size: 9.5pt">$</span></td> <td style="text-align: right"><span style="font-size: 9.5pt">188,021</span></td></tr> <tr style="vertical-align: top; "> <td style="border-bottom: Black 1.5pt solid; padding-top: 0.85pt; padding-left: 2.3pt"><span style="font-size: 9.5pt">Share-based payments</span></td> <td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 9.5pt">$</span></td> <td style="border-bottom: Black 1.5pt solid; text-align: right">1,455,180</td> <td style="text-align: right; border-bottom: Black 1.5pt solid"><span style="font-size: 9.5pt">$</span></td> <td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 9.5pt">600,000</span></td> <td style="text-align: right; border-bottom: Black 1.5pt solid"><span style="font-size: 9.5pt">$</span></td> <td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: hidden-fact-239; font-size: 9.5pt">-</span></td></tr> </table> <p style="margin-top: 0pt; margin-bottom: 0pt"></p> <p style="margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="text-align: left; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-size: 10pt">Related party balances as at March 31, 2024 and 2023 were as follows:</span> </p> <p style="margin: 0"> </p> <p style="margin: 0"></p> <table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; width: 62%"><span style="font-size: 9.5pt"><b> </b></span></td> <td style="border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: left; width: 5%"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4.8pt 0pt 0; text-align: left"></p></td> <td style="border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; width: 14%"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4.8pt 0pt 0; text-align: right"><span style="font-size: 9.5pt"><b>March 31,</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.35pt 0pt 0; text-align: right"><span style="font-size: 9.5pt"><b>2024</b></span></p></td> <td style="border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: left; padding-right: 0pt; width: 5%; padding-left: 0pt; text-indent: 0pt"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4.8pt 0pt 0; text-align: left"></p></td> <td style="border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; width: 14%"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.1pt 0pt 0; text-align: right"><span style="font-size: 9.5pt"><b>March 31,</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.65pt 0pt 0; text-align: right"><span style="font-size: 9.5pt"><b>2023</b></span></p></td></tr> <tr style="vertical-align: top"> <td style="padding-left: 2.25pt"><span style="font-size: 9.5pt">Amounts due to Directors and Officers of the Company</span></td> <td style="text-align: left">$</td> <td style="padding-right: 4.65pt; text-align: right"><span style="font-size: 9.5pt"> 171,294</span></td> <td style="text-align: left; padding-right: 0pt; padding-left: 0pt; text-indent: 0pt">$</td> <td style="padding-right: 1.8pt; text-align: right"><span style="font-size: 9.5pt"> 322,176</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: black 1pt solid; padding-left: 2.25pt"><span style="font-size: 9.5pt">Amounts due to companies controlled by directors and officers</span></td> <td style="border-bottom: black 1pt solid; padding-right: 4.65pt; text-align: left"></td> <td style="border-bottom: black 1pt solid; padding-right: 4.65pt; text-align: right"><span style="font-size: 9.5pt">83,575</span></td> <td style="border-bottom: black 1pt solid; padding-left: 0pt; padding-right: 0pt; text-align: left; text-indent: 0pt"></td> <td style="border-bottom: black 1pt solid; padding-right: 1.8pt; text-align: right"><span style="font-size: 9.5pt">62,700</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: black 1.5pt solid; padding-left: 2.25pt"><span style="font-size: 9.5pt">Total</span></td> <td style="border-bottom: black 1.5pt solid; padding-right: 1.8pt; text-align: left"><span style="font-size: 9.5pt">$ </span></td> <td style="border-bottom: black 1.5pt solid; padding-right: 4.65pt; text-align: right"><span style="font-size: 9.5pt"> 254,869</span></td> <td style="border-bottom: black 1.5pt solid; padding-left: 0pt; padding-right: 0pt; text-align: left; text-indent: 0pt"><span style="font-size: 9.5pt">$ </span></td> <td style="border-bottom: black 1.5pt solid; padding-right: 1.8pt; text-align: right"><span style="font-size: 9.5pt"> 384,876</span></td></tr> </table> <p style="margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The directors’ and officers’ balances also include fees and expenses owing to directors and officers incurred in the normal course of business. Related party amounts are unsecured, non-interest bearing and due on demand.</p> | |
| CY2024 | ifrs-full |
Revenue From Rendering Of Information Technology Consulting Services
RevenueFromRenderingOfInformationTechnologyConsultingServices
|
26000 | cad |
| CY2023 | ifrs-full |
Revenue From Rendering Of Information Technology Consulting Services
RevenueFromRenderingOfInformationTechnologyConsultingServices
|
25100 | cad |
| CY2022 | ifrs-full |
Revenue From Rendering Of Information Technology Consulting Services
RevenueFromRenderingOfInformationTechnologyConsultingServices
|
64000 | cad |
| CY2024 | ifrs-full |
Benefits Paid Or Payable
BenefitsPaidOrPayable
|
-234800 | cad |
| CY2023 | ifrs-full |
Benefits Paid Or Payable
BenefitsPaidOrPayable
|
-200000 | cad |
| CY2022 | ifrs-full |
Benefits Paid Or Payable
BenefitsPaidOrPayable
|
-188021 | cad |
| CY2024 | ifrs-full |
Key Management Personnel Compensation Sharebased Payment
KeyManagementPersonnelCompensationSharebasedPayment
|
1455180 | cad |
| CY2023 | ifrs-full |
Key Management Personnel Compensation Sharebased Payment
KeyManagementPersonnelCompensationSharebasedPayment
|
600000 | cad |
| CY2024 | ifrs-full |
Disclosure Of Transactions Between Related Parties Explanatory
DisclosureOfTransactionsBetweenRelatedPartiesExplanatory
|
<span style="font-size: 10pt">Related party balances as at March 31, 2024 and 2023 were as follows:</span><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; width: 62%"><span style="font-size: 9.5pt"><b> </b></span></td> <td style="border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: left; width: 5%"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4.8pt 0pt 0; text-align: left"></p></td> <td style="border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; width: 14%"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4.8pt 0pt 0; text-align: right"><span style="font-size: 9.5pt"><b>March 31,</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.35pt 0pt 0; text-align: right"><span style="font-size: 9.5pt"><b>2024</b></span></p></td> <td style="border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; text-align: left; padding-right: 0pt; width: 5%; padding-left: 0pt; text-indent: 0pt"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4.8pt 0pt 0; text-align: left"></p></td> <td style="border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; width: 14%"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.1pt 0pt 0; text-align: right"><span style="font-size: 9.5pt"><b>March 31,</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.65pt 0pt 0; text-align: right"><span style="font-size: 9.5pt"><b>2023</b></span></p></td></tr> <tr style="vertical-align: top"> <td style="padding-left: 2.25pt"><span style="font-size: 9.5pt">Amounts due to Directors and Officers of the Company</span></td> <td style="text-align: left">$</td> <td style="padding-right: 4.65pt; text-align: right"><span style="font-size: 9.5pt"> 171,294</span></td> <td style="text-align: left; padding-right: 0pt; padding-left: 0pt; text-indent: 0pt">$</td> <td style="padding-right: 1.8pt; text-align: right"><span style="font-size: 9.5pt"> 322,176</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: black 1pt solid; padding-left: 2.25pt"><span style="font-size: 9.5pt">Amounts due to companies controlled by directors and officers</span></td> <td style="border-bottom: black 1pt solid; padding-right: 4.65pt; text-align: left"></td> <td style="border-bottom: black 1pt solid; padding-right: 4.65pt; text-align: right"><span style="font-size: 9.5pt">83,575</span></td> <td style="border-bottom: black 1pt solid; padding-left: 0pt; padding-right: 0pt; text-align: left; text-indent: 0pt"></td> <td style="border-bottom: black 1pt solid; padding-right: 1.8pt; text-align: right"><span style="font-size: 9.5pt">62,700</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: black 1.5pt solid; padding-left: 2.25pt"><span style="font-size: 9.5pt">Total</span></td> <td style="border-bottom: black 1.5pt solid; padding-right: 1.8pt; text-align: left"><span style="font-size: 9.5pt">$ </span></td> <td style="border-bottom: black 1.5pt solid; padding-right: 4.65pt; text-align: right"><span style="font-size: 9.5pt"> 254,869</span></td> <td style="border-bottom: black 1.5pt solid; padding-left: 0pt; padding-right: 0pt; text-align: left; text-indent: 0pt"><span style="font-size: 9.5pt">$ </span></td> <td style="border-bottom: black 1.5pt solid; padding-right: 1.8pt; text-align: right"><span style="font-size: 9.5pt"> 384,876</span></td></tr> </table> | |
| CY2024Q1 | femff |
Amounts Due To Directors And Officers
AmountsDueToDirectorsAndOfficers
|
171294 | cad |
| CY2023Q1 | femff |
Amounts Due To Directors And Officers
AmountsDueToDirectorsAndOfficers
|
322176 | cad |
| CY2024Q1 | femff |
Amounts Due To Companies Controlled By Directors And Officers
AmountsDueToCompaniesControlledByDirectorsAndOfficers
|
83575 | cad |
| CY2023Q1 | femff |
Amounts Due To Companies Controlled By Directors And Officers
AmountsDueToCompaniesControlledByDirectorsAndOfficers
|
62700 | cad |
| CY2024Q1 | ifrs-full |
Trade And Other Current Payables To Related Parties
TradeAndOtherCurrentPayablesToRelatedParties
|
254869 | cad |
| CY2023Q1 | ifrs-full |
Trade And Other Current Payables To Related Parties
TradeAndOtherCurrentPayablesToRelatedParties
|
384876 | cad |
| CY2024 | ifrs-full |
Disclosure Of Share Capital Reserves And Other Equity Interest Explanatory
DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory
|
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">9.</td><td style="text-align: justify">Share Capital</td> </tr></table> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 18.05pt"><b>(a)</b></td><td><b>Authorized – </b>Unlimited number of common shares without par value.</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">(b)</td><td style="text-align: justify">Issued share capital</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The Company had 50,846,156 common shares issued and outstanding as at March 31, 2024 and 41,920,038 common shares issued and outstanding as at March 31, 2023.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On November 1, 2022, the Company completed a share consolidation of its capital on the basis of 3.8 existing common shares for 1 new post consolidated common share. All common shares, per common share amounts, warrants and stock options in these financial statements have been retroactively restated to reflect the share consolidation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><b><span style="text-decoration:underline">Fiscal 2024</span></b></p> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">i)</td><td style="text-align: justify">On April 3, 2023, the Company issued 1,500,000 common shares value at $975,000, pursuant to the Rose East Lithium property option agreement and 83,333 common shares valued at $54,166, pursuant to the Trix Lithium property option agreement;</td> </tr></table> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">ii)</td><td style="text-align: justify">On April 5, 2023, the Company issued 1,300,000 common shares valued at $884,000, pursuant to the Rose West Lithium property option agreement to acquire a 100% interest in the property;</td> </tr></table> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">iii)</td><td style="text-align: justify">On May 26, 2023, the Company issued 550,000 RSU’s valued at $324,500 to the directors, officers, and consultants of the Company;</td> </tr></table><p style="margin-top: 0; margin-bottom: 0"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left"><b>(b)</b></td><td style="text-align: justify"><b>Issued share capital </b>(continued)</td> </tr></table> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">iv)</td><td style="text-align: justify">On June 9, 2023, the Company closed a non-brokered private placement consisting of 1,338,461 Quebec flow-through shares (“QFT share”) priced at $0.65 per QFT share and 573,770 National flow through shares (“NFT share”) priced at $0.61 per NFT share for aggregate gross proceeds of $1,220,000. The Company recognized a liability for flow-through shares of $91,783 (Note 13). The Company also paid finder’s fees of $73,200;</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">v)</td><td style="text-align: justify">On September 22, 2023, the Company issued 175,000 common shares value at $82,250, pursuant to the Cosgrave Lithium property option agreement as well as issued 875,000 RSU’s valued at $406,875 to the directors, officers, and consultants of the Company; and</td> </tr></table> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">vi)</td><td style="text-align: justify">On November 21, 2023, the Company closed a non-brokered private placement consisting of 675,000 common shares priced at $0.40 per share for aggregate gross proceeds of $270,000 and 1,855,554 Quebec flow-through units (“QFT unit”) priced at $0.45 per QFT unit for gross proceeds of $835,000. Each QFT unit consists of one flow-through share and one-half common share purchase warrant. Each whole warrant entitles the holder to purchase one common share at a price of $0.65 per share for a period of two years from the issue date. The QFT share purchase warrants were valued using the Black-Scholes pricing model with the following assumptions: weighted average risk-free interest rate of 4.39% and 4.57%, volatility factor of 116.96% and an expected life of two years. The Company recognized a liability for flow-through shares of $92,778 (Note 13). The Company also paid finder’s fees of $48,000.</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b><span style="text-decoration:underline">Fiscal 2023</span></b></p> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">i)</td><td style="text-align: justify">On May 2, 2022, the Company closed a non-brokered private placement, consisting of 907,519 flow-through units (“FT Units”) priced at $0.931 per FT Unit and 723,684 non-flow through units (“NFT Units”) priced at $0.76 per NFT Unit for aggregate gross proceeds of $1,394,900. Each FT Unit consists of one flow-through common share and one-half of one common share purchase warrant (each a “Flow Through Warrant”). Each whole Flow Through Warrant entitles the holder to purchase one common share at a price of $1.71 for a period of two years from the issue date. Each NFT Unit consists of one non-flow through common share and one non-flow through common share purchase warrant. Each NFT warrant entitles the holder to purchase one common share at a price of $1.90 for a period of one year from the issue date. The Company recognized a liability for flow-through shares of $155,186 (see Note 13). The Flow-through share purchase warrants were valued using the Black-Scholes pricing model with the following assumptions: weighted average risk-free interest rate of 2.55%, volatility factor of 125.38% and an expected life of two years. The NFT share purchase warrants were valued using the Black-Scholes pricing model with the following assumptions: weighted average risk-free interest rate of 2.64%, volatility factor of 105.37% and an expected life of one year. The Company also paid finder’s fees of $25,350 and issued 33,355 common shares valued at $24,083;</td> </tr></table> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">ii)</td><td style="text-align: justify">On October 21, 2022, the Company issued 131,579 common shares valued at $37,500, pursuant to the Falcon Lake Property option agreement (see Note 6);</td> </tr></table> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">iii)</td><td style="text-align: justify">On November 7, 2022, the Company issued 613,158 common shares valued at $153,290, pursuant to the Augustus Lithium Property option agreement (see Note 6);</td> </tr></table> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">iv)</td><td style="text-align: justify">On November 15, 2022, the Company closed a non-brokered private placement for aggregate gross proceeds of $1,500,000 (the “Private Placement”). The Private Placement consisted of issuing 6,666,667 common shares at a price of $0.225 per share. The Company also paid finder’s fees of $58,500;</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">v)</td><td style="text-align: justify">On December 14, 2022, the Company closed a non-brokered private placement of 3,707,500 flow-through (“FT”) shares for gross proceeds of $2,225,475 by issuing 2,040,000 Quebec FT shares at price of $0.625 per share; and 1,667,500 national FT shares at a price of $0.57 per share. The Company recognized a liability for flow-through shares of $594,175 (see Note 13). The Company also paid finder’s fees of $133,520;</td> </tr></table> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">vi)</td><td style="text-align: justify">On December 20, 2022, the Company issued 713,158 common shares valued at $271,000, pursuant to the Gaspesie Peninsula Property option agreement (see Note 6).</td> </tr></table> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">vii)</td><td style="text-align: justify">On February 3, 2023, the Company issued 78,947 common shares valued at $27,631, pursuant to the Canadian Lithium Property option agreement (see Note 6);</td> </tr></table><p style="margin-top: 0; margin-bottom: 0"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">viii)</td><td style="text-align: justify">On February 24, 2023, the Company issued 1,105,262 common shares valued at $442,105, pursuant to the North Spirit Property option agreement (see Note 6);</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">ix)</td><td style="text-align: justify">On March 27, 2023, the Company has closed a non-brokered private placement for aggregate gross proceeds of $1,500,000 (the “Private Placement”). The Private Placement consisted of issuing 3,000,000 common shares at a price of $0.50 per share;</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">x)</td><td style="text-align: justify">On March 31, 2023, the Company granted 3,650,000 restricted share units valued at $2,190,000 under the Company’s shareholder approved restricted share unit plan.</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">(c)</td><td style="text-align: justify">Stock Options</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The Company has a shareholder approved “rolling” stock option plan (the “Plan”) in compliance with the TSX-V’s policies. Under the Plan, the maximum number of shares reserved for issuance may not exceed 10% of the total number of issued and outstanding common shares at the time of granting. The exercise price of each stock option shall not be less than the discounted market price of the Company’s stock at the date of grant. Such options will be exercisable for a period of up to 10 years from the date of grant. In connection with the foregoing, the number of common shares reserved for issuance to any one optionee will not, within a twelve-month period, exceed five percent (5%) of the issued and outstanding common shares and the number of common shares reserved for issuance to all technical consultants will not exceed, within a twelve- month period, two percent (2%) of the issued and outstanding common shares. Options may be exercised no later than 90 days following cessation of the optionee’s position with the Company or 30 days following cessation of an optionee conducting investor relations activities’ position.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="text-align: left; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-size: 10pt">The continuity for stock options for the years ended March 31, 2024, 2023 and 2022 is as follows:</span> </p> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: Black 1.5pt solid; border-bottom: Black 1.25pt solid"> </td> <td style="border-top: Black 1.5pt solid; border-bottom: Black 1.25pt solid; white-space: nowrap; text-align: right; vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Number of Stock Options</b></span></td> <td colspan="2" style="border-top: Black 1.5pt solid; text-align: right; border-bottom: Black 1.25pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Weighted Average <br/> Exercise Price</b></span></td></tr> <tr style="vertical-align: top"> <td style="width: 65%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Balance, fully vested and exercisable at March 31, 2021</span></td> <td style="text-align: right; width: 15%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,036,842</span></td> <td style="text-align: center; width: 5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="text-align: right; width: 15%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">0.99</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Granted</span></td> <td style="text-align: right; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">721,052</span></td> <td style="text-align: center; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="text-align: right; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.25</span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Balance, fully vested and exercisable at March 31, 2022</span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,757,894</span></td> <td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.10</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Expired</span></td> <td style="text-align: right; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(197,368)</span></td> <td style="text-align: center; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="text-align: right; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.52</span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Balance, fully vested and exercisable at March 31, 2023</span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,560,526</span></td> <td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.04</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Granted</span></td> <td style="text-align: right; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,000,000</span></td> <td style="text-align: center; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="text-align: right; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">0.59</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Balance, fully vested and exercisable at March 31, 2024</span></td> <td style="text-align: right; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,560,526</span></td> <td style="text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="text-align: right; border-bottom: Black 1.5pt solid"><div style="-sec-ix-hidden: hidden-fact-240">0<span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">.79</span></div></td></tr> </table> <p style="margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As at March 31, 2024, the following stock options were outstanding:</span></p> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: Black 1.5pt solid; vertical-align: bottom; border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 10pt"><b>Expiry Date</b></span></td> <td style="border-top: Black 1.5pt solid; vertical-align: bottom; border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 10pt"><b>Number Outstanding</b></span></td> <td style="border-top: Black 1.5pt solid; vertical-align: bottom; border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 10pt"><b>Number Exercisable</b></span></td> <td colspan="2" style="border-top: Black 1.5pt solid; vertical-align: bottom; border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 10pt"><b>Weighted average<br/> exercise price</b></span></td> <td style="border-top: Black 1.5pt solid; border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: right"><span style="font-size: 10pt"><b>Average Remaining<br/> Contractual Life</b></span></td></tr> <tr style="vertical-align: top"> <td style="text-align: right; width: 15%"><span style="font-size: 10pt">February 9, 2026</span></td> <td style="text-align: right; width: 22%"><span style="font-size: 10pt">694,737</span></td> <td style="text-align: right; width: 21%"><span style="font-size: 10pt">694,737</span></td> <td style="text-align: right; width: 6%"><span style="font-size: 10pt">$</span></td> <td style="text-align: right; width: 15%"><span style="font-size: 10pt">0.80</span></td> <td style="text-align: right; width: 21%"><span style="font-size: 10pt">1.86</span></td></tr> <tr style="vertical-align: top"> <td style="text-align: right"><span style="font-size: 10pt">February 11, 2026</span></td> <td style="text-align: right"><span style="font-size: 10pt">342,105</span></td> <td style="text-align: right"><span style="font-size: 10pt">342,105</span></td> <td style="text-align: right"><span style="font-size: 10pt">$</span></td> <td style="text-align: right"><span style="font-size: 10pt">1.33</span></td> <td style="text-align: right"><span style="font-size: 10pt">1.87</span></td></tr> <tr style="vertical-align: top"> <td style="text-align: right"><span style="font-size: 10pt">May 14, 2026</span></td> <td style="text-align: right"><span style="font-size: 10pt">223,684</span></td> <td style="text-align: right"><span style="font-size: 10pt">223,684</span></td> <td style="text-align: right"><span style="font-size: 10pt">$</span></td> <td style="text-align: right"><span style="font-size: 10pt">1.33</span></td> <td style="text-align: right"><span style="font-size: 10pt">2.12</span></td></tr> <tr style="vertical-align: top"> <td style="text-align: right"><span style="font-size: 10pt">July 13, 2026</span></td> <td style="text-align: right"><span style="font-size: 10pt">236,842</span></td> <td style="text-align: right"><span style="font-size: 10pt">236,842</span></td> <td style="text-align: right"><span style="font-size: 10pt">$</span></td> <td style="text-align: right"><span style="font-size: 10pt">0.95</span></td> <td style="text-align: right"><span style="font-size: 10pt">2.28</span></td></tr> <tr style="vertical-align: top"> <td style="text-align: right"><span style="font-size: 10pt">January 6, 2027</span></td> <td style="text-align: right"><span style="font-size: 10pt">63,158</span></td> <td style="text-align: right"><span style="font-size: 10pt">63,158</span></td> <td style="text-align: right"><span style="font-size: 10pt">$</span></td> <td style="text-align: right"><span style="font-size: 10pt">1.33</span></td> <td style="text-align: right"><span style="font-size: 10pt">2.77</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font-size: 10pt">June 4, 2028</span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font-size: 10pt">2,000,000</span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font-size: 10pt">2,000,000</span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font-size: 10pt">$</span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font-size: 10pt">0.59</span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font-size: 10pt">4.18</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 10pt">3,560,526</span></td> <td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 10pt">3,560,526</span></td> <td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 10pt">$</span></td> <td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 10pt">0.79</span></td> <td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 10pt">3.24</span></td></tr> </table><p style="margin: 0"><b> </b></p><table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">(d)</td><td style="text-align: justify">Share Purchase Warrants</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The continuity for share purchase warrants for the years ended March 31, 2024, 2023 and 2022 is as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: Black 1.5pt solid; vertical-align: bottom; padding-left: 3.55pt; text-align: center"> </td> <td style="border-top: Black 1.5pt solid; padding-right: 10pt; white-space: nowrap; vertical-align: bottom; text-align: right"><span style="font-size: 10pt"><b>Number of Warrants</b></span></td> <td colspan="2" style="border-top: Black 1.5pt solid; vertical-align: bottom; padding-right: 3.35pt; text-align: right"><span style="font-size: 10pt"><b>Weighted Average<br/> Exercise Price</b></span></td></tr> <tr style="vertical-align: top"> <td style="border-top: black 1pt solid; padding-left: 3.55pt; text-align: left; width: 60%"><span style="font-size: 10pt">Balance, March 31, 2021</span></td> <td style="border-top: black 1pt solid; padding-right: 10pt; text-align: right; width: 25%"><span style="font-size: 10pt">2,656,753</span></td> <td style="border-top: black 1pt solid; padding-right: 3.35pt; text-align: right; width: 5%"><span style="font-size: 10pt">$</span></td> <td style="border-top: black 1pt solid; padding-right: 3.35pt; text-align: right; width: 10%"><span style="font-size: 10pt">1.52</span></td></tr> <tr style="vertical-align: top"> <td style="padding-left: 3.55pt; text-align: left"><span style="font-size: 10pt">Issued</span></td> <td style="padding-right: 10pt; text-align: right"><span style="font-size: 10pt">2,786,723</span></td> <td style="padding-right: 3.35pt; text-align: right"><span style="font-size: 10pt">$</span></td> <td style="padding-right: 3.35pt; text-align: right"><span style="font-size: 10pt">1.86</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: black 1pt solid; padding-left: 3.55pt; text-align: left"><span style="font-size: 10pt">Exercised</span></td> <td style="border-bottom: black 1pt solid; padding-right: 10pt; text-align: right"><span style="font-size: 10pt">(61,053)</span></td> <td style="border-bottom: black 1pt solid; padding-right: 3.35pt; text-align: right"><span style="font-size: 10pt">$</span></td> <td style="border-bottom: black 1pt solid; padding-right: 3.35pt; text-align: right"><span style="font-size: 10pt">0.80</span></td></tr> <tr style="vertical-align: top"> <td style="padding-left: 3.55pt; text-align: left"><span style="font-size: 10pt">Balance, March 31, 2022</span></td> <td style="padding-right: 10pt; text-align: right"><span style="font-size: 10pt">5,382,423</span></td> <td style="padding-right: 3.35pt; text-align: right"><span style="font-size: 10pt">$</span></td> <td style="padding-right: 3.35pt; text-align: right"><span style="font-size: 10pt">1.71</span></td></tr> <tr style="vertical-align: top"> <td style="padding-left: 3.55pt; text-align: left"><span style="font-size: 10pt">Issued</span></td> <td style="padding-right: 10pt; text-align: right"><span style="font-size: 10pt">1,177,444</span></td> <td style="padding-right: 3.35pt; text-align: right"><span style="font-size: 10pt">$</span></td> <td style="padding-right: 3.35pt; text-align: right"><span style="font-size: 10pt">1.83</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: black 1pt solid; padding-left: 3.55pt; text-align: left"><span style="font-size: 10pt">Expired</span></td> <td style="border-bottom: black 1pt solid; padding-right: 10pt; text-align: right"><span style="font-size: 10pt">(4,210,438)</span></td> <td style="border-bottom: black 1pt solid; padding-right: 3.35pt; text-align: right"><span style="font-size: 10pt">$</span></td> <td style="border-bottom: black 1pt solid; padding-right: 3.35pt; text-align: right"><span style="font-size: 10pt">1.73</span></td></tr> <tr style="vertical-align: top"> <td style="padding-left: 3.55pt; text-align: left"><span style="font-size: 10pt">Balance, March 31, 2023</span></td> <td style="padding-right: 10pt; text-align: right"><span style="font-size: 10pt">2,349,429</span></td> <td style="padding-right: 3.35pt; text-align: right"><span style="font-size: 10pt">$</span></td> <td style="padding-right: 3.35pt; text-align: right"><span style="font-size: 10pt">1.69</span></td></tr> <tr style="vertical-align: top"> <td style="padding-left: 3.55pt; text-align: left"><span style="font-size: 10pt">Issued</span></td> <td style="padding-right: 10pt; text-align: right"><span style="font-size: 10pt">927,778</span></td> <td style="padding-right: 3.35pt; text-align: right"><span style="font-size: 10pt">$</span></td> <td style="padding-right: 3.35pt; text-align: right"><span style="font-size: 10pt">0.65</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: black 1pt solid; padding-left: 3.55pt; text-align: left"><span style="font-size: 10pt">Expired</span></td> <td style="border-bottom: black 1pt solid; padding-right: 10pt; text-align: right"><span style="font-size: 10pt">(1,895,670)</span></td> <td style="border-bottom: black 1pt solid; padding-right: 3.35pt; text-align: right"><span style="font-size: 10pt">$</span></td> <td style="border-bottom: black 1pt solid; padding-right: 3.35pt; text-align: right"><span style="font-size: 10pt">1.69</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: black 1.5pt solid; padding-left: 3.55pt; text-align: left"><span style="font-size: 10pt">Balance, March 31, 2024</span></td> <td style="border-bottom: black 1.5pt solid; padding-right: 10pt; text-align: right"><span style="font-size: 10pt">1,381,537</span></td> <td style="border-bottom: black 1.5pt solid; padding-right: 3.35pt; text-align: right"><span style="font-size: 10pt">$</span></td> <td style="border-bottom: black 1.5pt solid; padding-right: 3.35pt; text-align: right"><span style="font-size: 10pt">1.00</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">As at March 31, 2024, the following share purchase warrants issued in connection with private placements were outstanding:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: black 2.25pt solid; border-bottom: black 1pt solid; text-align: center"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Expiry date</b></p></td> <td colspan="2" style="border-top: black 2.25pt solid; border-bottom: black 1pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Exercise price</b></p></td> <td style="border-top: black 2.25pt solid; border-bottom: black 1pt solid; text-align: right"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"><b>Number Outstanding and</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"><b>Exercisable</b></p></td> <td style="border-top: black 2.25pt solid; border-bottom: black 1pt solid; padding-right: 3.35pt"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"><b>Average Remaining</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"><b>Contractual Life</b></p></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.4pt; text-align: center; width: 31%"><span style="font-size: 10pt">May 2, 2024 *</span></td> <td style="padding-top: 0.4pt; padding-right: 22.85pt; padding-left: 1.9pt; text-align: center; width: 5%"><span style="font-size: 10pt">$</span></td> <td style="padding-top: 0.4pt; padding-right: 22.85pt; padding-left: 1.9pt; text-align: center; width: 18%"><span style="font-size: 10pt">1.71</span></td> <td style="padding-top: 0.4pt; text-align: right; width: 23%"><span style="font-size: 10pt">453,759</span></td> <td style="padding-top: 0.4pt; padding-right: 3.35pt; text-align: right; width: 23%"><span style="font-size: 10pt">0.09</span></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.75pt; text-align: center"><span style="font-size: 10pt">November 8, 2025</span></td> <td style="padding-top: 0.75pt; padding-right: 22.85pt; padding-left: 1.9pt; text-align: center"><span style="font-size: 10pt">$</span></td> <td style="padding-top: 0.75pt; padding-right: 22.85pt; padding-left: 1.9pt; text-align: center"><span style="font-size: 10pt">0.65</span></td> <td style="padding-top: 0.75pt; text-align: right"><span style="font-size: 10pt">888,889</span></td> <td style="padding-top: 0.75pt; padding-right: 3.35pt; text-align: right"><span style="font-size: 10pt">1.61</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: black 1pt solid; padding-top: 0.8pt; text-align: center"><span style="font-size: 10pt">November 20, 2025</span></td> <td style="border-bottom: black 1pt solid; padding-top: 0.8pt; padding-right: 22.85pt; padding-left: 1.9pt; text-align: center"><span style="font-size: 10pt">$</span></td> <td style="border-bottom: black 1pt solid; padding-top: 0.8pt; padding-right: 22.85pt; padding-left: 1.9pt; text-align: center"><span style="font-size: 10pt">0.65</span></td> <td style="border-bottom: black 1pt solid; padding-top: 0.8pt; text-align: right"><span style="font-size: 10pt">38,889</span></td> <td style="border-bottom: black 1pt solid; padding-top: 0.8pt; padding-right: 3.35pt; text-align: right"><span style="font-size: 10pt">1.64</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: black 2.25pt solid; text-align: center"> </td> <td style="border-bottom: black 2.25pt solid; padding-right: 22.85pt; padding-left: 1.9pt; text-align: center"><span style="font-size: 10pt">$</span></td> <td style="border-bottom: black 2.25pt solid; padding-right: 22.85pt; padding-left: 1.9pt; text-align: center"><span style="font-size: 10pt">1.00</span></td> <td style="border-bottom: black 2.25pt solid; text-align: right"><span style="font-size: 10pt">1,381,537</span></td> <td style="border-bottom: black 2.25pt solid; padding-right: 3.35pt; text-align: right"><span style="font-size: 10pt">1.11</span></td></tr> </table> <p style="margin: 0"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left"><span style="font-size: 10pt">*</span></td><td style="text-align: justify"><span style="font-size: 10pt">Subsequently expired unexercised.</span></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 18.05pt">(e)</td><td>Restricted share units</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The Company has a shareholder approved “10% rolling” restricted share unit plan (the “RSU Plan”) in compliance with the TSX-V’s policies. Under the RSU Plan, the maximum number of RSU’s reserved for issuance may not exceed 10% of the total number of issued and outstanding common shares at the time of granting.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><b><span style="text-decoration:underline">Fiscal 2024</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">During the year ended March 31, 2024, the Company granted 1,425,000 restricted share units to officers, directors and consultants of the Company. The restricted share units vest immediately and are subject to a four month hold period from the date of grant. The Company recorded share-based payments expense of $731,375 on the RSU’s granted during the year ended March 31, 2024.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><b><span style="text-decoration:underline">Fiscal 2023</span></b> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">During the year ended March 31, 2023, the Company granted 3,650,000 restricted share units to officers, directors and consultants of the Company. The restricted share units vest immediately and are subject to a four month hold period from the date of grant. The Company recorded share based payments expense of $2,190,000 on the RSU’s granted during the year ended March 31, 2023<span style="font-family: Times New Roman, Times, Serif">.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">The continuity for restricted share units for the years ended March 31, 2024, 2023 and 2022 is as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: Black 2.5pt solid; border-bottom: Black 1.5pt solid; width: 80%; padding-right: 24.65pt"> </td> <td style="border-top: Black 2.5pt solid; border-bottom: Black 1.5pt solid; padding-left: 0pt; text-align: right; width: 20%; padding-right: 0pt; text-indent: 0pt"><span style="font-size: 10pt"><b>RSU’s outstanding</b></span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 24.15pt"><span style="font-size: 10pt">Balance, March 31, 2022, and 2021</span></td> <td style="padding-left: 0pt; text-align: right; padding-right: 0pt; text-indent: 0pt"><span style="-sec-ix-hidden: hidden-fact-241; font-size: 10pt">-</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 23.95pt"><span style="font-size: 10pt">Granted</span></td> <td style="padding-left: 0pt; text-align: right; padding-right: 0pt; text-indent: 0pt"><span style="font-size: 10pt">3,650,000</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: Black 1.5pt solid; padding-right: 24.15pt"><span style="font-size: 10pt">Vested and issued</span></td> <td style="border-bottom: Black 1.5pt solid; padding-left: 0pt; text-align: right; padding-right: 0pt; text-indent: 0pt"><span style="font-size: 10pt">(3,650,000)</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 24.15pt"><span style="font-size: 10pt">Balance, March 31, 2023</span></td> <td style="padding-left: 0pt; text-align: right; padding-right: 0pt; text-indent: 0pt"><span style="-sec-ix-hidden: hidden-fact-242; font-size: 10pt">-</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 24.15pt"><p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">Granted</p></td> <td style="padding-left: 0pt; text-align: right; padding-right: 0pt; text-indent: 0pt">1,425,000</td></tr> <tr style="vertical-align: top"> <td style="border-bottom: Black 1.5pt solid; padding-right: 24.15pt"><p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">Vested and issued</p></td> <td style="border-bottom: Black 1.5pt solid; padding-left: 0pt; text-align: right; padding-right: 0pt; text-indent: 0pt"><p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">(1,425,000)</p></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: Black 2.25pt solid; padding-right: 24.15pt"><p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">Balance, March 31, 2024</p></td> <td style="border-bottom: Black 2.25pt solid; padding-left: 0pt; text-align: right; padding-right: 0pt; text-indent: 0pt"><div style="-sec-ix-hidden: hidden-fact-243">-</div></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 18.05pt">(f)</td><td>Share-Based Payments Reserve</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The share-based payment reserve records items recognized as stock-based compensation expense and other share-based payments. This reserve also includes the value attributed to warrants on unit private placements. At the time that the stock options or warrants are exercised, the corresponding amount will be transferred to share capital.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The fair value of each option granted to directors, officers and consultants was estimated on the date of grant using the Black-Scholes option-pricing model.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><b><span style="text-decoration:underline">Fiscal 2024</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On May 26, 2023, the Company granted 550,000 RSU’s to directors, officers and consultants and all of these were vested and issued on the grant date. The fair value of the RSU’s was $324,500 and calculated by multiplying the Company’s share price at grant date by the number of RSU’s granted.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On June 5, 2023, the Company granted 2,000,000 incentive stock options to directors, officers and consultants and all of which vested at the date of grant. The options are exercisable at $0.59 per share, expiring on June 4, 2028. The fair value of these options was $1,055,070 and was calculated using the Black-Scholes pricing model, based on the following assumptions: weighted average risk-free interest rate of 3.52%, volatility factor of 156.61% and an expected life of five years.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On September 22, 2023, the Company granted 875,000 RSU’s to directors, officers and consultants and all of these were vested and issued on the grant date. The fair value of the RSU’s was $406,875 and calculated by multiplying the Company’s share price at grant date by the number of RSU’s granted.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><b><span style="text-decoration:underline">Fiscal 2023</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On March 31, 2023, the Company granted 3,650,000 RSU’s to directors, officers and consultants and all of these were vested and issued on the grant date. The fair value of the RSU’s was $2,190,000 and calculated by multiplying the Company’s share price at grant date by the number of RSU’s granted.</p> | |
| CY2023Q2 | femff |
Share Value
ShareValue
|
324500 | cad |
| CY2023Q2 | ifrs-full |
Fee And Commission Expense
FeeAndCommissionExpense
|
73200 | cad |
| CY2023Q4 | femff |
Gross Proceeds
GrossProceeds
|
270000 | cad |
| CY2023Q4 | ifrs-full |
Description Of Risk Free Interest Rate Share Options Granted
DescriptionOfRiskFreeInterestRateShareOptionsGranted
|
0.0439 | pure |
| CY2023Q4 | ifrs-full |
Description Of Expected Volatility Share Options Granted
DescriptionOfExpectedVolatilityShareOptionsGranted
|
1.1696 | pure |
| CY2023Q4 | ifrs-full |
Fee And Commission Expense
FeeAndCommissionExpense
|
48000 | cad |
| CY2022Q2 | ifrs-full |
Exercise Price Of Outstanding Share Options2019
ExercisePriceOfOutstandingShareOptions2019
|
1.9 | |
| CY2022Q2 | femff |
Term Issue Period
TermIssuePeriod
|
P1Y | |
| CY2022Q2 | ifrs-full |
Fee And Commission Expense
FeeAndCommissionExpense
|
25350 | cad |
| CY2022Q2 | ifrs-full |
Number Of Shares Issued
NumberOfSharesIssued
|
33355 | shares |
| CY2022Q2 | femff |
Share Value
ShareValue
|
24083 | cad |
| CY2022Q4 | femff |
Recognized Liability
RecognizedLiability
|
594175 | cad |
| CY2022Q4 | ifrs-full |
Fee And Commission Expense
FeeAndCommissionExpense
|
133520 | cad |
| CY2023Q1 | ifrs-full |
Par Value Per Share
ParValuePerShare
|
0.5 | |
| CY2023Q1 | femff |
Restricted Share Unit Granted
RestrictedShareUnitGranted
|
3650000 | shares |
| CY2023Q1 | femff |
Restricted Share Unit Value
RestrictedShareUnitValue
|
2190000 | cad |
| CY2024 | femff |
Exceed Issued And Outstanding
ExceedIssuedAndOutstanding
|
0.10 | pure |
| CY2024 | femff |
Exercisable Grant Period
ExercisableGrantPeriod
|
P10Y | |
| CY2024 | ifrs-full |
Disclosure Of Number And Weighted Average Exercise Prices Of Share Options Explanatory
DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory
|
<span style="font-size: 10pt">The continuity for stock options for the years ended March 31, 2024, 2023 and 2022 is as follows:</span><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: Black 1.5pt solid; border-bottom: Black 1.25pt solid"> </td> <td style="border-top: Black 1.5pt solid; border-bottom: Black 1.25pt solid; white-space: nowrap; text-align: right; vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Number of Stock Options</b></span></td> <td colspan="2" style="border-top: Black 1.5pt solid; text-align: right; border-bottom: Black 1.25pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Weighted Average <br/> Exercise Price</b></span></td></tr> <tr style="vertical-align: top"> <td style="width: 65%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Balance, fully vested and exercisable at March 31, 2021</span></td> <td style="text-align: right; width: 15%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,036,842</span></td> <td style="text-align: center; width: 5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="text-align: right; width: 15%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">0.99</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Granted</span></td> <td style="text-align: right; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">721,052</span></td> <td style="text-align: center; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="text-align: right; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.25</span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Balance, fully vested and exercisable at March 31, 2022</span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,757,894</span></td> <td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.10</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Expired</span></td> <td style="text-align: right; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(197,368)</span></td> <td style="text-align: center; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="text-align: right; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.52</span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Balance, fully vested and exercisable at March 31, 2023</span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,560,526</span></td> <td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.04</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Granted</span></td> <td style="text-align: right; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,000,000</span></td> <td style="text-align: center; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="text-align: right; border-bottom: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">0.59</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Balance, fully vested and exercisable at March 31, 2024</span></td> <td style="text-align: right; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,560,526</span></td> <td style="text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="text-align: right; border-bottom: Black 1.5pt solid"><div style="-sec-ix-hidden: hidden-fact-240">0<span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">.79</span></div></td></tr> </table> | |
| CY2021Q1 | femff |
Number Of Shares Balance Fully Vested And Exercisablein Shares
NumberOfSharesBalanceFullyVestedAndExercisableinShares
|
1036842 | shares |
| CY2021Q1 | femff |
Weighted Average Exercise Price Balance Fully Vested And Exercisable
WeightedAverageExercisePriceBalanceFullyVestedAndExercisable
|
0.99 | |
| CY2022 | ifrs-full |
Number Of Share Options Granted In Sharebased Payment Arrangement
NumberOfShareOptionsGrantedInSharebasedPaymentArrangement
|
721052 | pure |
| CY2022 | ifrs-full |
Weighted Average Exercise Price Of Share Options Granted In Sharebased Payment Arrangement2019
WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019
|
1.25 | |
| CY2022Q1 | femff |
Number Of Shares Balance Fully Vested And Exercisablein Shares
NumberOfSharesBalanceFullyVestedAndExercisableinShares
|
1757894 | shares |
| CY2022Q1 | femff |
Weighted Average Exercise Price Balance Fully Vested And Exercisable
WeightedAverageExercisePriceBalanceFullyVestedAndExercisable
|
1.1 | |
| CY2023 | ifrs-full |
Number Of Share Options Expired In Sharebased Payment Arrangement
NumberOfShareOptionsExpiredInSharebasedPaymentArrangement
|
197368 | pure |
| CY2023 | ifrs-full |
Weighted Average Exercise Price Of Share Options Exercised In Sharebased Payment Arrangement2019
WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019
|
1.52 | |
| CY2023Q1 | femff |
Number Of Shares Balance Fully Vested And Exercisablein Shares
NumberOfSharesBalanceFullyVestedAndExercisableinShares
|
1560526 | shares |
| CY2023Q1 | femff |
Weighted Average Exercise Price Balance Fully Vested And Exercisable
WeightedAverageExercisePriceBalanceFullyVestedAndExercisable
|
1.04 | |
| CY2024 | ifrs-full |
Number Of Share Options Granted In Sharebased Payment Arrangement
NumberOfShareOptionsGrantedInSharebasedPaymentArrangement
|
2000000 | pure |
| CY2024 | ifrs-full |
Weighted Average Exercise Price Of Share Options Granted In Sharebased Payment Arrangement2019
WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019
|
0.59 | |
| CY2024Q1 | femff |
Number Of Shares Balance Fully Vested And Exercisablein Shares
NumberOfSharesBalanceFullyVestedAndExercisableinShares
|
3560526 | shares |
| CY2024Q1 | ifrs-full |
Number Of Outstanding Share Options
NumberOfOutstandingShareOptions
|
3560526 | pure |
| CY2024Q1 | femff |
Number Of Shares Exercisable
NumberOfSharesExercisable
|
3560526 | shares |
| CY2024 | ifrs-full |
Weighted Average Exercise Price Of Share Options Expired In Sharebased Payment Arrangement2019
WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement2019
|
0.79 | |
| CY2024 | ifrs-full |
Weighted Average Remaining Contractual Life Of Outstanding Share Options2019
WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019
|
P3Y2M26D | |
| CY2024 | ifrs-full |
Disclosure Of Range Of Exercise Prices Of Outstanding Share Options Explanatory
DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsExplanatory
|
As at March 31, 2024, the following share purchase warrants issued in connection with private placements were outstanding:<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: black 2.25pt solid; border-bottom: black 1pt solid; text-align: center"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Expiry date</b></p></td> <td colspan="2" style="border-top: black 2.25pt solid; border-bottom: black 1pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Exercise price</b></p></td> <td style="border-top: black 2.25pt solid; border-bottom: black 1pt solid; text-align: right"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"><b>Number Outstanding and</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"><b>Exercisable</b></p></td> <td style="border-top: black 2.25pt solid; border-bottom: black 1pt solid; padding-right: 3.35pt"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"><b>Average Remaining</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"><b>Contractual Life</b></p></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.4pt; text-align: center; width: 31%"><span style="font-size: 10pt">May 2, 2024 *</span></td> <td style="padding-top: 0.4pt; padding-right: 22.85pt; padding-left: 1.9pt; text-align: center; width: 5%"><span style="font-size: 10pt">$</span></td> <td style="padding-top: 0.4pt; padding-right: 22.85pt; padding-left: 1.9pt; text-align: center; width: 18%"><span style="font-size: 10pt">1.71</span></td> <td style="padding-top: 0.4pt; text-align: right; width: 23%"><span style="font-size: 10pt">453,759</span></td> <td style="padding-top: 0.4pt; padding-right: 3.35pt; text-align: right; width: 23%"><span style="font-size: 10pt">0.09</span></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.75pt; text-align: center"><span style="font-size: 10pt">November 8, 2025</span></td> <td style="padding-top: 0.75pt; padding-right: 22.85pt; padding-left: 1.9pt; text-align: center"><span style="font-size: 10pt">$</span></td> <td style="padding-top: 0.75pt; padding-right: 22.85pt; padding-left: 1.9pt; text-align: center"><span style="font-size: 10pt">0.65</span></td> <td style="padding-top: 0.75pt; text-align: right"><span style="font-size: 10pt">888,889</span></td> <td style="padding-top: 0.75pt; padding-right: 3.35pt; text-align: right"><span style="font-size: 10pt">1.61</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: black 1pt solid; padding-top: 0.8pt; text-align: center"><span style="font-size: 10pt">November 20, 2025</span></td> <td style="border-bottom: black 1pt solid; padding-top: 0.8pt; padding-right: 22.85pt; padding-left: 1.9pt; text-align: center"><span style="font-size: 10pt">$</span></td> <td style="border-bottom: black 1pt solid; padding-top: 0.8pt; padding-right: 22.85pt; padding-left: 1.9pt; text-align: center"><span style="font-size: 10pt">0.65</span></td> <td style="border-bottom: black 1pt solid; padding-top: 0.8pt; text-align: right"><span style="font-size: 10pt">38,889</span></td> <td style="border-bottom: black 1pt solid; padding-top: 0.8pt; padding-right: 3.35pt; text-align: right"><span style="font-size: 10pt">1.64</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: black 2.25pt solid; text-align: center"> </td> <td style="border-bottom: black 2.25pt solid; padding-right: 22.85pt; padding-left: 1.9pt; text-align: center"><span style="font-size: 10pt">$</span></td> <td style="border-bottom: black 2.25pt solid; padding-right: 22.85pt; padding-left: 1.9pt; text-align: center"><span style="font-size: 10pt">1.00</span></td> <td style="border-bottom: black 2.25pt solid; text-align: right"><span style="font-size: 10pt">1,381,537</span></td> <td style="border-bottom: black 2.25pt solid; padding-right: 3.35pt; text-align: right"><span style="font-size: 10pt">1.11</span></td></tr> </table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left"><span style="font-size: 10pt">*</span></td><td style="text-align: justify"><span style="font-size: 10pt">Subsequently expired unexercised.</span></td> </tr></table> | |
| CY2024 | ifrs-full |
Expected Dividend As Percentage Share Options Granted
ExpectedDividendAsPercentageShareOptionsGranted
|
0.10 | pure |
| CY2024Q1 | ifrs-full |
Number Of Shares Issued
NumberOfSharesIssued
|
1425000 | shares |
| CY2023Q1 | ifrs-full |
Number Of Shares Issued
NumberOfSharesIssued
|
3650000 | shares |
| CY2023Q2 | ifrs-full |
Weighted Average Fair Value At Measurement Date Share Options Granted
WeightedAverageFairValueAtMeasurementDateShareOptionsGranted
|
324500 | cad |
| CY2023Q2 | ifrs-full |
Weighted Average Exercise Price Of Share Options Exercisable In Sharebased Payment Arrangement2019
WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement2019
|
0.59 | |
| CY2023Q2 | ifrs-full |
Weighted Average Fair Value At Measurement Date Share Options Granted
WeightedAverageFairValueAtMeasurementDateShareOptionsGranted
|
1055070 | cad |
| CY2023Q2 | ifrs-full |
Description Of Risk Free Interest Rate Share Options Granted
DescriptionOfRiskFreeInterestRateShareOptionsGranted
|
0.0352 | pure |
| CY2023Q2 | ifrs-full |
Description Of Expected Volatility Share Options Granted
DescriptionOfExpectedVolatilityShareOptionsGranted
|
1.5661 | pure |
| CY2023Q2 | ifrs-full |
Description Of Option Life Share Options Granted
DescriptionOfOptionLifeShareOptionsGranted
|
5 | pure |
| CY2023Q3 | ifrs-full |
Weighted Average Fair Value At Measurement Date Share Options Granted
WeightedAverageFairValueAtMeasurementDateShareOptionsGranted
|
406875 | cad |
| CY2024 | ifrs-full |
Disclosure Of Entitys Reportable Segments Explanatory
DisclosureOfEntitysReportableSegmentsExplanatory
|
<table cellpadding="0" cellspacing="0" style="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in">10.</td><td>Segmented Information</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The Company operates in one business segment being the acquisition and exploration of exploration and evaluation assets and operates in one geographic segment being Canada. The total assets relate to exploration and evaluation assets and have been disclosed in Note 6.</p> | |
| CY2024 | femff |
Number Of Operates Business Segment
NumberOfOperatesBusinessSegment
|
1 | pure |
| CY2024 | ifrs-full |
Disclosure Of Financial Risk Management Explanatory
DisclosureOfFinancialRiskManagementExplanatory
|
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left">11.</td><td style="text-align: justify">Financial Instruments and Risk Management </td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>Fair Value</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">IFRS 7 establishes a fair value hierarchy that prioritizes the input to valuation techniques used to measure fair value as follows:</p> <p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Level 1 – Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.</p> <p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Level 2 – Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and</p> <p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Level 3 – Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">The following provides the valuation method of the Company’s financial instruments as at March 31, 2024 and 2023:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: Black 1pt solid; text-align: left"> </td> <td style="border-top: Black 1pt solid"> </td> <td style="border-top: Black 1pt solid; text-align: left"> </td> <td style="padding-right: 5pt; border-top: Black 1pt solid"> </td> <td colspan="2" style="border-top: Black 1pt solid; padding-left: 0.25in; text-align: left"><b>As at March 31,</b></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid; width: 40%; text-align: left"> </td> <td style="text-align: center; border-bottom: Black 1pt solid; width: 18%; vertical-align: bottom"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>Level</b></p></td> <td style="border-bottom: Black 1pt solid; width: 5%; text-align: left"> </td> <td style="padding-right: 5pt; text-align: right; border-bottom: Black 1pt solid; width: 16%; vertical-align: bottom"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>2024</b></p></td> <td style="border-bottom: Black 1pt solid; width: 5%; text-align: left"> </td> <td style="padding-right: 3.3pt; text-align: center; border-bottom: Black 1pt solid; width: 16%; vertical-align: bottom"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: right; margin-top: 0pt; margin-bottom: 0pt"><b>2023</b></p></td></tr> <tr style="vertical-align: top"> <td style="text-align: left"><span style="font-size: 10pt">Cash</span></td> <td style="text-align: center"><span style="font-size: 10pt">1</span></td> <td style="text-align: left"><span style="font-size: 10pt">$</span></td> <td style="padding-right: 5pt; text-align: right"><span style="font-size: 10pt">1,704,908</span></td> <td style="text-align: left"><span style="font-size: 10pt">$</span></td> <td style="padding-right: 3.3pt; text-align: right"><span style="font-size: 10pt">3,664,578</span></td></tr> <tr style="vertical-align: top"> <td style="text-align: left"><span style="font-size: 10pt">Reclamation deposits</span></td> <td style="text-align: center"><span style="font-size: 10pt">1</span></td> <td style="text-align: left"><span style="font-size: 10pt">$</span></td> <td style="padding-right: 5pt; text-align: right"><span style="font-size: 10pt">11,000</span></td> <td style="text-align: left"><span style="font-size: 10pt">$</span></td> <td style="padding-right: 3.3pt; text-align: right"><span style="font-size: 10pt">11,000</span></td></tr> <tr style="vertical-align: top"> <td style="text-align: left"><span style="font-size: 10pt">Marketable securities</span></td> <td style="text-align: center"><span style="font-size: 10pt">1</span></td> <td style="text-align: left"><span style="font-size: 10pt">$</span></td> <td style="padding-right: 5pt; text-align: right"><span style="font-size: 10pt">187,425</span></td> <td style="text-align: left"><span style="font-size: 10pt">$</span></td> <td style="padding-right: 3.3pt; text-align: right"><span style="font-size: 10pt">737,371</span></td></tr> <tr style="vertical-align: top"> <td style="text-align: left"><span style="font-size: 10pt">Accounts payable and accrued liabilities</span></td> <td style="text-align: center"><span style="font-size: 10pt">1</span></td> <td style="text-align: left"><span style="font-size: 10pt">$</span></td> <td style="padding-right: 5pt; text-align: right"><span style="font-size: 10pt">236,583</span></td> <td style="text-align: left"><span style="font-size: 10pt">$</span></td> <td style="padding-right: 3.3pt; text-align: right"><span style="font-size: 10pt">2,434,405</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: black 1pt solid; text-align: left"><span style="font-size: 10pt">Due to related parties</span></td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt">1</span></td> <td style="border-bottom: black 1pt solid; text-align: left"><span style="font-size: 10pt">$</span></td> <td style="padding-right: 5pt; border-bottom: black 1pt solid; text-align: right"><span style="font-size: 10pt">254,869</span></td> <td style="border-bottom: black 1pt solid; text-align: left"><span style="font-size: 10pt">$</span></td> <td style="padding-right: 3.3pt; border-bottom: black 1pt solid; text-align: right"><span style="font-size: 10pt">384,876</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">There were no transfers from levels or change in the fair value measurements of financial instruments for the years ended March 31, 2024 and 2023.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0in">Financial Risk Management</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">The Company’s activities expose it to a variety of financial risks including liquidity risk, credit risk and market risk.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="text-decoration:underline">Liquidity Risk</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">Liquidity risk is the risk that an entity will encounter difficulty in raising funds to meet commitments associated with financial instruments. The Company attempts to manage liquidity risk by maintaining a sufficient cash balance. As at March 31, 2024, the Company had cash of $1,704,908 to settle accounts payable and accrued liabilities (inclusive of amounts due to related parties) of $491,452.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">Liquidity risk on amounts due to creditors and amounts due to related parties were significant to the Company’s statement of financial position. The Company manages these risks by actively pursuing additional share capital issuances to settle its obligations in the normal course of its operating, investing and financing activities. The Company’s ability to raise share capital is indirectly related to changing metal prices and the price of lithium and gold in particular.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="text-decoration:underline">Credit Risk</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">Credit risk is the risk that one party to a financial instrument will fail to discharge an obligation and cause the other party to incur a financial loss. Financial instruments that potentially subject the Company to credit risk consist of cash, short-term investment, reclamation bonds and amounts receivable. The carrying amount of financial assets recorded in the financial statements, net of any allowances for losses, represents the maximum exposure to credit risk.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The Company deposits its cash with a high credit quality major Canadian financial institution as determined by ratings agencies. The Company does not invest in asset-backed deposits or investments and does not expect any credit losses. To reduce credit risk, the Company regularly reviews the collectability of its amounts receivable and establishes an allowance based on its best estimate of potentially uncollectible amounts. The Company historically has not had difficulty collecting its amounts receivable.</p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-size: 10pt"><span style="text-decoration:underline">Market Risk</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-size: 10pt"> </span></p> <p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises three types of price risk: currency risk, interest rate risk and other price risk.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="text-decoration:underline">Interest Rate Risk</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">The Company has no significant exposure at March 31, 2024, to interest rate risk through its financial instruments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="text-decoration:underline">Currency Risk</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">The Company has no significant exposure at March 31, 2024, to currency risk through its financial instruments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">Financial assets and financial liabilities that bear interest at fixed rates are subject to fair value interest rate risk. In respect of financial assets, the Company’s policy is to invest cash at floating rates of interest in order to maintain liquidity while achieving a satisfactory return. Fluctuations in interest rates impact the amount of return the Company may realize but interest rate risk is not significant to the Company.</p> | |
| CY2024 | ifrs-full |
Disclosure Of Fair Value Of Financial Instruments Explanatory
DisclosureOfFairValueOfFinancialInstrumentsExplanatory
|
The following provides the valuation method of the Company’s financial instruments as at March 31, 2024 and 2023:<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: Black 1pt solid; text-align: left"> </td> <td style="border-top: Black 1pt solid"> </td> <td style="border-top: Black 1pt solid; text-align: left"> </td> <td style="padding-right: 5pt; border-top: Black 1pt solid"> </td> <td colspan="2" style="border-top: Black 1pt solid; padding-left: 0.25in; text-align: left"><b>As at March 31,</b></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid; width: 40%; text-align: left"> </td> <td style="text-align: center; border-bottom: Black 1pt solid; width: 18%; vertical-align: bottom"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>Level</b></p></td> <td style="border-bottom: Black 1pt solid; width: 5%; text-align: left"> </td> <td style="padding-right: 5pt; text-align: right; border-bottom: Black 1pt solid; width: 16%; vertical-align: bottom"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>2024</b></p></td> <td style="border-bottom: Black 1pt solid; width: 5%; text-align: left"> </td> <td style="padding-right: 3.3pt; text-align: center; border-bottom: Black 1pt solid; width: 16%; vertical-align: bottom"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: right; margin-top: 0pt; margin-bottom: 0pt"><b>2023</b></p></td></tr> <tr style="vertical-align: top"> <td style="text-align: left"><span style="font-size: 10pt">Cash</span></td> <td style="text-align: center"><span style="font-size: 10pt">1</span></td> <td style="text-align: left"><span style="font-size: 10pt">$</span></td> <td style="padding-right: 5pt; text-align: right"><span style="font-size: 10pt">1,704,908</span></td> <td style="text-align: left"><span style="font-size: 10pt">$</span></td> <td style="padding-right: 3.3pt; text-align: right"><span style="font-size: 10pt">3,664,578</span></td></tr> <tr style="vertical-align: top"> <td style="text-align: left"><span style="font-size: 10pt">Reclamation deposits</span></td> <td style="text-align: center"><span style="font-size: 10pt">1</span></td> <td style="text-align: left"><span style="font-size: 10pt">$</span></td> <td style="padding-right: 5pt; text-align: right"><span style="font-size: 10pt">11,000</span></td> <td style="text-align: left"><span style="font-size: 10pt">$</span></td> <td style="padding-right: 3.3pt; text-align: right"><span style="font-size: 10pt">11,000</span></td></tr> <tr style="vertical-align: top"> <td style="text-align: left"><span style="font-size: 10pt">Marketable securities</span></td> <td style="text-align: center"><span style="font-size: 10pt">1</span></td> <td style="text-align: left"><span style="font-size: 10pt">$</span></td> <td style="padding-right: 5pt; text-align: right"><span style="font-size: 10pt">187,425</span></td> <td style="text-align: left"><span style="font-size: 10pt">$</span></td> <td style="padding-right: 3.3pt; text-align: right"><span style="font-size: 10pt">737,371</span></td></tr> <tr style="vertical-align: top"> <td style="text-align: left"><span style="font-size: 10pt">Accounts payable and accrued liabilities</span></td> <td style="text-align: center"><span style="font-size: 10pt">1</span></td> <td style="text-align: left"><span style="font-size: 10pt">$</span></td> <td style="padding-right: 5pt; text-align: right"><span style="font-size: 10pt">236,583</span></td> <td style="text-align: left"><span style="font-size: 10pt">$</span></td> <td style="padding-right: 3.3pt; text-align: right"><span style="font-size: 10pt">2,434,405</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: black 1pt solid; text-align: left"><span style="font-size: 10pt">Due to related parties</span></td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font-size: 10pt">1</span></td> <td style="border-bottom: black 1pt solid; text-align: left"><span style="font-size: 10pt">$</span></td> <td style="padding-right: 5pt; border-bottom: black 1pt solid; text-align: right"><span style="font-size: 10pt">254,869</span></td> <td style="border-bottom: black 1pt solid; text-align: left"><span style="font-size: 10pt">$</span></td> <td style="padding-right: 3.3pt; border-bottom: black 1pt solid; text-align: right"><span style="font-size: 10pt">384,876</span></td></tr> </table> | |
| CY2024Q1 | ifrs-full |
Cash
Cash
|
1704908 | cad |
| CY2024Q1 | ifrs-full |
Current Liabilities
CurrentLiabilities
|
491452 | cad |
| CY2024 | femff |
Disclosure Of Management Of Capitaltext Block
DisclosureOfManagementOfCapitaltextBlock
|
<table cellpadding="0" cellspacing="0" style="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 18.05pt">12.</td><td>Management of Capital</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The Company primarily considers shareholders’ equity in the management of its capital. The Company manages its capital structure and makes adjustments to it based on funds available to the Company, in order to support exploration and development of mineral properties. The Board of Directors has not established quantitative capital structure criteria management but will review on a regular basis the capital structure of the Company to ensure its appropriateness to the stage of development of the business.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The Company’s objectives when managing capital are:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">• To maintain and safeguard its accumulated capital in order to provide an adequate return to shareholders by maintaining sufficient level of funds, to support continued evaluation and maintenance of the Company’s existing properties, and to acquire, explore and develop other precious metals, base metals and industrial mineral deposits;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">• To invest cash on hand in highly liquid and highly rated financial instruments with high credit quality issuers, thereby minimizing the risk and loss of principal; and</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> • To obtain the necessary financing if and when it is required.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The properties in which the Company currently holds an interest are in the exploration stage and the Company is dependent on external financing to explore and take the project to development. In order to carry out planned exploration and development and pay for administrative costs, the Company will spend its existing working capital and attempt to raise additional amounts as needed.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">Management reviews its capital management approach on an ongoing basis and believes that this approach, given the relative size of the Company, is reasonable.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">In order to facilitate the management of capital and development of its mineral properties, the Company’s management informs the Board of Directors as to the quantum of expenditures for review and approval prior to commencement of work. In addition, the Company may issue new equity, incur additional debt, enter into joint venture agreements or dispose of certain assets. When applicable, the Company’s investment policy is to hold cash in interest bearing accounts at high credit quality financial institutions to maximize liquidity. In order to maximize ongoing development efforts, the Company does not pay dividends. The Company expects to continue to raise funds, from time to time, to continue meeting its capital management objectives.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">There were no changes in the Company’s approach to capital management during the year ended March 31, 2024, compared to the year ended to March 31, 2023. The Company is not subject to externally imposed capital requirements. Further information relating to management of capital is disclosed in Note 1.</p> | |
| CY2024 | ifrs-full |
Disclosure Of Income Tax Explanatory
DisclosureOfIncomeTaxExplanatory
|
<table cellpadding="0" cellspacing="0" style="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 18.05pt">13.</td><td>Income Taxes</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">The reconciliation of the expected income tax recovery is as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid; border-top: Black 1.5pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><span style="font-size: 9.5pt"> </span></td> <td colspan="2" style="border-bottom: Black 1pt solid; border-top: Black 1.5pt solid; text-align: center; padding-right: 3.5pt; padding-left: 3.5pt"><span style="font-size: 9.5pt">2024</span></td> <td colspan="2" style="border-bottom: Black 1pt solid; border-top: Black 1.5pt solid; text-align: center; padding-right: 3.5pt; padding-left: 3.5pt"><span style="font-size: 9.5pt">2023</span></td> <td colspan="2" style="border-bottom: Black 1pt solid; border-top: Black 1.5pt solid; text-align: center; padding-right: 3.5pt; padding-left: 3.5pt"><span style="font-size: 9.5pt">2022</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 3.5pt; padding-left: 3.5pt; width: 49%"><span style="font-size: 9.5pt">Net loss for the year</span></td> <td style="padding-right: 3.5pt; padding-left: 3.5pt; width: 5%"><span style="font-size: 9.5pt">$</span></td> <td style="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; width: 12%"><span style="font-size: 9.5pt">6,635,073</span></td> <td style="padding-right: 3.5pt; padding-left: 3.5pt; width: 5%"><span style="font-size: 9.5pt">$</span></td> <td style="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt; width: 12%"><span style="font-size: 9.5pt">5,750,583</span></td> <td style="padding-right: 3.5pt; padding-left: 3.5pt; width: 5%"><span style="font-size: 9.5pt">$</span></td> <td style="text-align: right; padding-left: 3.5pt; width: 12%"><span style="font-size: 9.5pt">4,691,322</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><span style="font-size: 9.5pt">Statutory tax rate</span></td> <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><span style="font-size: 9.5pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><span style="font-size: 9.5pt">27%</span></td> <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><span style="font-size: 9.5pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><span style="font-size: 9.5pt">27%</span></td> <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><span style="font-size: 9.5pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right; padding-left: 3.5pt"><span style="font-size: 9.5pt">27%</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 3.5pt; padding-left: 3.5pt"><span style="font-size: 9.5pt">Expected income tax recovery</span></td> <td style="padding-right: 3.5pt; padding-left: 3.5pt"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">1,791,000</td> <td style="padding-right: 3.5pt; padding-left: 3.5pt"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><span style="font-size: 9.5pt">1,553,000</span></td> <td style="padding-right: 3.5pt; padding-left: 3.5pt"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right; padding-left: 3.5pt"><span style="font-size: 9.5pt">1,267,000</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 3.5pt; padding-left: 3.5pt"><span style="font-size: 9.5pt">(Decrease) increase to income tax recovery due to:</span></td> <td style="padding-right: 3.5pt; padding-left: 3.5pt"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><span style="font-size: 9.5pt"> </span></td> <td style="padding-right: 3.5pt; padding-left: 3.5pt"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><span style="font-size: 9.5pt"> </span></td> <td style="padding-right: 3.5pt; padding-left: 3.5pt"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right; padding-left: 3.5pt"><span style="font-size: 9.5pt"> </span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 3.5pt; padding-left: 0.125in"><span style="font-size: 9.5pt">Non-deductible permanent differences</span></td> <td style="padding-right: 3.5pt; padding-left: 3.5pt"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">(1,139,000)</td> <td style="padding-right: 3.5pt; padding-left: 3.5pt"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right; padding-right: 3.5pt; padding-left: 3.5pt">(770,000)</td> <td style="padding-right: 3.5pt; padding-left: 3.5pt"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right; padding-left: 3.5pt"><span style="font-size: 9.5pt">(577,000)</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 0.125in"><span style="font-size: 9.5pt">Change in tax assets not recognized</span></td> <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">(652,000)</td> <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><span style="font-size: 9.5pt"> </span></td> <td style="text-align: right; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">(783,000)</td> <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><span style="font-size: 9.5pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: right; padding-left: 3.5pt"><span style="font-size: 9.5pt">(690,000)</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: Black 1.5pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><span style="font-size: 9.5pt">Income tax recovery</span></td> <td style="border-bottom: Black 1.5pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><span style="font-size: 9.5pt">$</span></td> <td style="border-bottom: Black 1.5pt solid; text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><span style="-sec-ix-hidden: hidden-fact-244; font-size: 9.5pt">-</span> </td> <td style="border-bottom: Black 1.5pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><span style="font-size: 9.5pt">$</span></td> <td style="border-bottom: Black 1.5pt solid; text-align: right; padding-right: 3.5pt; padding-left: 3.5pt"><span style="-sec-ix-hidden: hidden-fact-245; font-size: 9.5pt">- </span></td> <td style="border-bottom: Black 1.5pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><span style="font-size: 9.5pt">$</span></td> <td style="border-bottom: Black 1.5pt solid; text-align: right; padding-left: 3.5pt"><span style="-sec-ix-hidden: hidden-fact-246; font-size: 9.5pt">-</span> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></p> <table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"> <tr style="vertical-align: top"> <td colspan="5" style="border-bottom: black 1.5pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The significant components of the Company’s deferred tax assets are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> </td></tr> <tr style="vertical-align: top"> <td style="border-bottom: black 1pt solid"> </td> <td colspan="2" style="border-bottom: black 1pt solid; padding-right: 4.5pt"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">March 31,</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">2024</p></td> <td colspan="2" style="border-bottom: black 1pt solid; padding-right: 4.5pt"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">March 31,</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">2023</p></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.45pt; padding-left: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mineral property interests</span></td> <td colspan="2" style="padding-top: 0.45pt; padding-right: 4.5pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,671,000</span></td> <td colspan="2" style="padding-top: 0.45pt; padding-right: 4.5pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,654,000</span></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.75pt; padding-left: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Equipment</span></td> <td colspan="2" style="padding-top: 0.75pt; padding-right: 4.5pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">97,000</span></td> <td colspan="2" style="padding-top: 0.75pt; padding-right: 4.5pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">97,000</span></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.75pt; padding-left: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Operating losses carried forward</span></td> <td colspan="2" style="padding-top: 0.75pt; padding-right: 4.5pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">4,643,000</span></td> <td colspan="2" style="padding-top: 0.75pt; padding-right: 4.5pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">4,157,000</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: black 1pt solid; padding-top: 0.75pt; padding-left: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Capital losses and other</span></td> <td colspan="2" style="border-bottom: black 1pt solid; padding-top: 0.75pt; padding-right: 4.5pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,162,000</span></td> <td colspan="2" style="border-bottom: black 1pt solid; padding-top: 0.75pt; padding-right: 4.5pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,013,000</span></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.4pt; padding-left: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total deferred tax assets</span></td> <td colspan="2" style="padding-top: 0.4pt; padding-right: 4.5pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">8,573,000</span></td> <td colspan="2" style="padding-top: 0.4pt; padding-right: 4.5pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">7,921,000</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: black 1pt solid; padding-top: 0.75pt; padding-left: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred tax assets not recognized</span></td> <td colspan="2" style="border-bottom: black 1pt solid; padding-top: 0.75pt; padding-right: 4.7pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(8,573,000)</span></td> <td colspan="2" style="border-bottom: black 1pt solid; padding-top: 0.75pt; padding-right: 4.5pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(7,921,000)</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: black 1.5pt solid; width: 54%"> </td> <td style="border-bottom: black 1.5pt solid; padding-top: 0.45pt; padding-right: 4.7pt; text-align: right; width: 15%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="border-bottom: black 1.5pt solid; padding-top: 0.45pt; padding-right: 4.7pt; text-align: right; width: 15%"><span style="-sec-ix-hidden: hidden-fact-247; font-family: Times New Roman, Times, Serif; font-size: 10pt"> -</span></td> <td style="border-bottom: black 1.5pt solid; padding-left: 4pt; padding-top: 0.45pt; text-align: left; width: 8%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="border-bottom: black 1.5pt solid; padding-top: 0.45pt; padding-right: 4.5pt; text-align: right; width: 8%"><span style="-sec-ix-hidden: hidden-fact-248; font-family: Times New Roman, Times, Serif; font-size: 10pt"> -</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">The Company’s unrecognized deductible temporary differences and unused tax losses consist of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: black 2.25pt solid; border-bottom: black 1pt solid; text-align: left"> </td> <td colspan="2" style="border-top: black 2.25pt solid; padding-right: 4.5pt; border-bottom: black 1pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right">March 31,</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right">2024</p></td> <td colspan="2" style="padding-right: 4.5pt; border-top: black 2.25pt solid; border-bottom: black 1pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right">March 31,</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right">2023</p></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.45pt; padding-left: 2.25pt; text-align: left; width: 54%"><span style="font-size: 10pt">Mineral property interests</span></td> <td style="padding-top: 0.45pt; padding-right: 3.8pt; text-align: right; width: 15%"><span style="font-size: 10pt">$</span></td> <td style="padding-top: 0.45pt; padding-right: 4.5pt; text-align: right; width: 15%"><span style="font-size: 10pt"> 9,894,000</span></td> <td style="padding-left: 4pt; padding-top: 0.45pt; text-align: left; width: 8%"><span style="font-size: 10pt">$</span></td> <td style="padding-top: 0.45pt; padding-right: 4.5pt; text-align: right; width: 8%"><span style="font-size: 10pt">9,831,000</span></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.8pt; padding-left: 2.25pt; text-align: left"><span style="font-size: 10pt">Equipment</span></td> <td colspan="2" style="padding-top: 0.8pt; padding-right: 4.5pt; text-align: right"><span style="font-size: 10pt">361,000</span></td> <td colspan="2" style="padding-top: 0.8pt; padding-right: 4.5pt; text-align: right"><span style="font-size: 10pt">360,000</span></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.75pt; padding-left: 2.25pt; text-align: left"><span style="font-size: 10pt">Operating losses carried forward</span></td> <td colspan="2" style="padding-top: 0.75pt; padding-right: 4.5pt; text-align: right"><span style="font-size: 10pt">17,195,000</span></td> <td colspan="2" style="padding-top: 0.75pt; padding-right: 4.5pt; text-align: right"><span style="font-size: 10pt">15,396,000</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: black 1pt solid; padding-top: 0.75pt; padding-left: 2.25pt; text-align: left"><span style="font-size: 10pt">Capital losses and other</span></td> <td colspan="2" style="border-bottom: black 1pt solid; padding-top: 0.75pt; padding-right: 4.5pt; text-align: right"><span style="font-size: 10pt">4,303,000</span></td> <td colspan="2" style="border-bottom: black 1pt solid; padding-top: 0.75pt; padding-right: 4.5pt; text-align: right"><span style="font-size: 10pt">3,750,000</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: black 1.5pt solid; padding-top: 0.45pt; padding-left: 2.25pt; text-align: left"><span style="font-size: 10pt">Unrecognized deductible temporary differences</span></td> <td style="border-bottom: black 1.5pt solid; padding-top: 0.45pt; padding-right: 3.8pt; text-align: right"><span style="font-size: 10pt">$</span></td> <td style="border-bottom: black 1.5pt solid; padding-top: 0.45pt; padding-right: 4.5pt; text-align: right"><span style="font-size: 10pt"> 31,753,000</span></td> <td style="border-bottom: black 1.5pt solid; padding-left: 4pt; padding-top: 0.45pt; text-align: left"><span style="font-size: 10pt">$</span></td> <td style="border-bottom: black 1.5pt solid; padding-top: 0.45pt; padding-right: 4.5pt; text-align: right"><span style="font-size: 10pt">29,337,000</span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The realization of income tax benefits related to these deferred potential tax deductions is uncertain and cannot be viewed as more likely than not. Accordingly, no deferred income tax assets have been recognized for accounting purposes. The Company has Canadian non-capital losses carried forward of $17,195,000 that may be available for tax purposes. The losses expire as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <table cellpadding="0" cellspacing="0" style="width: 25%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; margin-left: auto; margin-right: auto;"> <tr style="vertical-align: top"> <td style="width: 60%; border-top: black 2.25pt solid; border-bottom: black 1pt solid; padding-top: 3.15pt; padding-right: 16.7pt; padding-left: 16pt; text-align: center"><span style="font-size: 10pt">Expiry date</span></td> <td style="border-top: black 2.25pt solid; border-bottom: black 1pt solid; width: 20%; padding-top: 3.15pt; padding-right: 0.85pt; text-align: center"> </td> <td style="border-top: black 2.25pt solid; border-bottom: black 1pt solid; width: 20%; padding-top: 3.15pt; padding-right: 0.85pt; text-align: left">$</td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.5pt; padding-right: 16.7pt; padding-left: 15.8pt; text-align: center"><span style="font-size: 10pt">2027</span></td> <td colspan="2" style="padding-top: 0.5pt; padding-right: 4.7pt; text-align: right"><span style="font-size: 10pt">618,000</span></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.75pt; padding-right: 16.7pt; padding-left: 15.8pt; text-align: center"><span style="font-size: 10pt">2028</span></td> <td colspan="2" style="padding-top: 0.75pt; padding-right: 4.7pt; text-align: right"><span style="font-size: 10pt">928,000</span></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.75pt; padding-right: 16.7pt; padding-left: 15.8pt; text-align: center"><span style="font-size: 10pt">2029</span></td> <td colspan="2" style="padding-top: 0.75pt; padding-right: 4.7pt; text-align: right"><span style="font-size: 10pt">908,000</span></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.75pt; padding-right: 16.7pt; padding-left: 15.8pt; text-align: center"><span style="font-size: 10pt">2030</span></td> <td colspan="2" style="padding-top: 0.75pt; padding-right: 4.7pt; text-align: right"><span style="font-size: 10pt">706,000</span></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.85pt; padding-right: 16.7pt; padding-left: 15.8pt; text-align: center"><span style="font-size: 10pt">2031</span></td> <td colspan="2" style="padding-top: 0.85pt; padding-right: 4.7pt; text-align: right"><span style="font-size: 10pt">1,704,000</span></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.75pt; padding-right: 16.7pt; padding-left: 15.8pt; text-align: center"><span style="font-size: 10pt">2032</span></td> <td colspan="2" style="padding-top: 0.75pt; padding-right: 4.7pt; text-align: right"><span style="font-size: 10pt">1,339,000</span></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.75pt; padding-right: 16.7pt; padding-left: 15.8pt; text-align: center"><span style="font-size: 10pt">2033</span></td> <td colspan="2" style="padding-top: 0.75pt; padding-right: 4.7pt; text-align: right"><span style="font-size: 10pt">1,092,000</span></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.75pt; padding-right: 16.7pt; padding-left: 15.8pt; text-align: center"><span style="font-size: 10pt">2034</span></td> <td colspan="2" style="padding-top: 0.75pt; padding-right: 4.7pt; text-align: right"><span style="font-size: 10pt">879,000</span></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.85pt; padding-right: 16.7pt; padding-left: 15.8pt; text-align: center"><span style="font-size: 10pt">2035</span></td> <td colspan="2" style="padding-top: 0.85pt; padding-right: 4.7pt; text-align: right"><span style="font-size: 10pt">530,000</span></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.75pt; padding-right: 16.7pt; padding-left: 15.8pt; text-align: center"><span style="font-size: 10pt">2036</span></td> <td colspan="2" style="padding-top: 0.75pt; padding-right: 4.7pt; text-align: right"><span style="font-size: 10pt">196,000</span></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.75pt; padding-right: 16.7pt; padding-left: 15.8pt; text-align: center"><span style="font-size: 10pt">2037</span></td> <td colspan="2" style="padding-top: 0.75pt; padding-right: 4.7pt; text-align: right"><span style="font-size: 10pt">233,000</span></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.85pt; padding-right: 16.7pt; padding-left: 15.8pt; text-align: center"><span style="font-size: 10pt">2038</span></td> <td colspan="2" style="padding-top: 0.85pt; padding-right: 4.7pt; text-align: right"><span style="font-size: 10pt">271,000</span></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.75pt; padding-right: 16.7pt; padding-left: 15.8pt; text-align: center"><span style="font-size: 10pt">2039</span></td> <td colspan="2" style="padding-top: 0.75pt; padding-right: 4.7pt; text-align: right"><span style="font-size: 10pt">530,000</span></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.75pt; padding-right: 16.7pt; padding-left: 15.8pt; text-align: center"><span style="font-size: 10pt">2040</span></td> <td colspan="2" style="padding-top: 0.75pt; padding-right: 4.7pt; text-align: right"><span style="font-size: 10pt">428,000</span></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.75pt; padding-right: 16.7pt; padding-left: 15.8pt; text-align: center"><span style="font-size: 10pt">2041</span></td> <td colspan="2" style="padding-top: 0.75pt; padding-right: 4.7pt; text-align: right"><span style="font-size: 10pt">1,101,000</span></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.85pt; padding-right: 16.7pt; padding-left: 15.8pt; text-align: center"><span style="font-size: 10pt">2042</span></td> <td colspan="2" style="padding-top: 0.85pt; padding-right: 4.7pt; text-align: right"><span style="font-size: 10pt">2,228,000</span></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.75pt; padding-right: 16.7pt; padding-left: 15.8pt; text-align: center"><span style="font-size: 10pt">2043</span></td> <td colspan="2" style="padding-top: 0.75pt; padding-right: 4.7pt; text-align: right"><span style="font-size: 10pt">1,703,000</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid; padding-top: 0.75pt; padding-right: 16.7pt; padding-left: 15.8pt; text-align: center">2044</td> <td colspan="2" style="border-bottom: Black 1pt solid; padding-top: 0.75pt; padding-right: 4.7pt; text-align: right">1,801,000</td></tr> <tr style="vertical-align: top"> <td style="border-bottom: Black 2.25pt solid; padding-top: 0.75pt; padding-right: 16.7pt; padding-left: 15.8pt; text-align: center">Total</td> <td colspan="2" style="border-bottom: Black 2.25pt solid; padding-top: 0.75pt; padding-right: 4.7pt; text-align: right">17,195,000</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right; text-indent: 30.8pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="text-decoration:underline">Liability and Income Tax Effect on Flow-Through Shares</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">Funds raised through the issuance of flow-through shares are required to be expended on qualified Canadian mineral exploration expenditures, as defined pursuant to Canadian income tax legislation. The flow-through gross proceeds, less the qualified expenditures made to date, represent the funds received from flow-through share issuances that have not been spent.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On March 4, 2021, the Company issued 1,052,632 shares on a flow-through basis at $0.91 per share for proceeds of</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">$960,000 and recognized a liability on flow-through shares of $160,000. During the year ended March 31, 2023, the Company incurred the remaining $775,247 in qualified expenditures.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On May 2, 2022, the Company issued 907,519 shares on a flow-through basis at $0.931 per share for proceeds of $844,900 and recognized a liability on flow-through shares of $155,186. At March 31, 2023, the Company had incurred $245,000 in qualified expenditures. During the year ended March 31, 2024, the Company incurred the remaining $599,900 in qualified expenditures.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On December 14, 2022, the Company issued 3,707,500 shares on a flow-through basis for gross proceeds of $2,225,475 by issuing 2,040,000 shares at $0.625 per share and 1,667,500 shares at $ 0.57 per share and recognized a liability on flow- through shares of $594,175. At March 31, 2023, the Company had incurred the $51,142 in qualified expenditures. During the year ended March 31, 2024, the Company incurred the remaining $2,174,333 in qualified expenditures.</p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On June 9, 2023, the Company had closed a non-brokered private placement and issued 1,338,461 Quebec flow-through shares (“QFT share”) priced at $0.65 per QFT share and 573,770 National flow through shares (“NFT share”) priced at</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">$0.61 per NFT share for aggregate gross proceeds of $1,220,000. The Company recognized a liability for flow-through shares of $91,783. At March 31, 2024, the Company had incurred $496,325 in qualified expenditures.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On November 21, 2023, the Company had closed a non-brokered private placement and issued 1,855,554 Quebec flow- through units (“QFT unit”) priced at $0.45 per QFT unit for gross proceeds of $835,000. The Company recognized a liability for flow-through shares of $92,778. At March 31, 2024, the Company had incurred $<span style="-sec-ix-hidden: hidden-fact-249">Nil</span> in qualified expenditures.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">During the year ended March 31, 2024, the Company incurred, in aggregate, $3,270,558 in qualified flow-through expenditures and recognized a flow-through recovery of $717,679.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">At March 31, 2024, the Company is required to incur $1,558,674 of flow-through qualified expenditures.</p> | |
| CY2024 | ifrs-full |
Profit Loss From Continuing Operations
ProfitLossFromContinuingOperations
|
6635073 | cad |
| CY2023 | ifrs-full |
Profit Loss From Continuing Operations
ProfitLossFromContinuingOperations
|
5750583 | cad |
| CY2022 | ifrs-full |
Profit Loss From Continuing Operations
ProfitLossFromContinuingOperations
|
4691322 | cad |
| CY2024 | ifrs-full |
Applicable Tax Rate
ApplicableTaxRate
|
0.27 | pure |
| CY2023 | ifrs-full |
Applicable Tax Rate
ApplicableTaxRate
|
0.27 | pure |
| CY2022 | ifrs-full |
Applicable Tax Rate
ApplicableTaxRate
|
0.27 | pure |
| CY2024 | femff |
Expected Income Tax Recovery
ExpectedIncomeTaxRecovery
|
-1791000 | cad |
| CY2023 | femff |
Expected Income Tax Recovery
ExpectedIncomeTaxRecovery
|
-1553000 | cad |
| CY2022 | femff |
Expected Income Tax Recovery
ExpectedIncomeTaxRecovery
|
-1267000 | cad |
| CY2024 | femff |
Nondeductible Permanent Differences
NondeductiblePermanentDifferences
|
1139000 | cad |
| CY2023 | femff |
Nondeductible Permanent Differences
NondeductiblePermanentDifferences
|
770000 | cad |
| CY2022 | femff |
Nondeductible Permanent Differences
NondeductiblePermanentDifferences
|
577000 | cad |
| CY2024 | femff |
Change In Tax Assets Not Recognized
ChangeInTaxAssetsNotRecognized
|
652000 | cad |
| CY2023 | femff |
Change In Tax Assets Not Recognized
ChangeInTaxAssetsNotRecognized
|
783000 | cad |
| CY2022 | femff |
Change In Tax Assets Not Recognized
ChangeInTaxAssetsNotRecognized
|
690000 | cad |
| CY2024 | ifrs-full |
Disclosure Of Deferred Taxes Explanatory
DisclosureOfDeferredTaxesExplanatory
|
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"> <tr style="vertical-align: top"> <td colspan="5" style="border-bottom: black 1.5pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The significant components of the Company’s deferred tax assets are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> </td></tr> <tr style="vertical-align: top"> <td style="border-bottom: black 1pt solid"> </td> <td colspan="2" style="border-bottom: black 1pt solid; padding-right: 4.5pt"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">March 31,</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">2024</p></td> <td colspan="2" style="border-bottom: black 1pt solid; padding-right: 4.5pt"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">March 31,</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">2023</p></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.45pt; padding-left: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mineral property interests</span></td> <td colspan="2" style="padding-top: 0.45pt; padding-right: 4.5pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,671,000</span></td> <td colspan="2" style="padding-top: 0.45pt; padding-right: 4.5pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,654,000</span></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.75pt; padding-left: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Equipment</span></td> <td colspan="2" style="padding-top: 0.75pt; padding-right: 4.5pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">97,000</span></td> <td colspan="2" style="padding-top: 0.75pt; padding-right: 4.5pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">97,000</span></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.75pt; padding-left: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Operating losses carried forward</span></td> <td colspan="2" style="padding-top: 0.75pt; padding-right: 4.5pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">4,643,000</span></td> <td colspan="2" style="padding-top: 0.75pt; padding-right: 4.5pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">4,157,000</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: black 1pt solid; padding-top: 0.75pt; padding-left: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Capital losses and other</span></td> <td colspan="2" style="border-bottom: black 1pt solid; padding-top: 0.75pt; padding-right: 4.5pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,162,000</span></td> <td colspan="2" style="border-bottom: black 1pt solid; padding-top: 0.75pt; padding-right: 4.5pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,013,000</span></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.4pt; padding-left: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total deferred tax assets</span></td> <td colspan="2" style="padding-top: 0.4pt; padding-right: 4.5pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">8,573,000</span></td> <td colspan="2" style="padding-top: 0.4pt; padding-right: 4.5pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">7,921,000</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: black 1pt solid; padding-top: 0.75pt; padding-left: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred tax assets not recognized</span></td> <td colspan="2" style="border-bottom: black 1pt solid; padding-top: 0.75pt; padding-right: 4.7pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(8,573,000)</span></td> <td colspan="2" style="border-bottom: black 1pt solid; padding-top: 0.75pt; padding-right: 4.5pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(7,921,000)</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: black 1.5pt solid; width: 54%"> </td> <td style="border-bottom: black 1.5pt solid; padding-top: 0.45pt; padding-right: 4.7pt; text-align: right; width: 15%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="border-bottom: black 1.5pt solid; padding-top: 0.45pt; padding-right: 4.7pt; text-align: right; width: 15%"><span style="-sec-ix-hidden: hidden-fact-247; font-family: Times New Roman, Times, Serif; font-size: 10pt"> -</span></td> <td style="border-bottom: black 1.5pt solid; padding-left: 4pt; padding-top: 0.45pt; text-align: left; width: 8%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="border-bottom: black 1.5pt solid; padding-top: 0.45pt; padding-right: 4.5pt; text-align: right; width: 8%"><span style="-sec-ix-hidden: hidden-fact-248; font-family: Times New Roman, Times, Serif; font-size: 10pt"> -</span></td></tr> </table> | |
| CY2024Q1 | femff |
Deferred Tax Assets Mineral Property Interests
DeferredTaxAssetsMineralPropertyInterests
|
2671000 | cad |
| CY2023Q1 | femff |
Deferred Tax Assets Mineral Property Interests
DeferredTaxAssetsMineralPropertyInterests
|
2654000 | cad |
| CY2024Q1 | femff |
Deferred Tax Assets Equipment
DeferredTaxAssetsEquipment
|
97000 | cad |
| CY2023Q1 | femff |
Deferred Tax Assets Equipment
DeferredTaxAssetsEquipment
|
97000 | cad |
| CY2024Q1 | femff |
Deferred Tax Asset Operating Losses Carried Forward
DeferredTaxAssetOperatingLossesCarriedForward
|
4643000 | cad |
| CY2023Q1 | femff |
Deferred Tax Asset Operating Losses Carried Forward
DeferredTaxAssetOperatingLossesCarriedForward
|
4157000 | cad |
| CY2024Q1 | femff |
Deferred Tax Asset Capital Losses And Other
DeferredTaxAssetCapitalLossesAndOther
|
1162000 | cad |
| CY2023Q1 | femff |
Deferred Tax Asset Capital Losses And Other
DeferredTaxAssetCapitalLossesAndOther
|
1013000 | cad |
| CY2024Q1 | ifrs-full |
Net Deferred Tax Assets
NetDeferredTaxAssets
|
8573000 | cad |
| CY2023Q1 | ifrs-full |
Net Deferred Tax Assets
NetDeferredTaxAssets
|
7921000 | cad |
| CY2024 | ifrs-full |
Deferred Tax Expense Income Recognised In Profit Or Loss
DeferredTaxExpenseIncomeRecognisedInProfitOrLoss
|
8573000 | cad |
| CY2023 | ifrs-full |
Deferred Tax Expense Income Recognised In Profit Or Loss
DeferredTaxExpenseIncomeRecognisedInProfitOrLoss
|
7921000 | cad |
| CY2024 | ifrs-full |
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits Explanatory
DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory
|
The Company’s unrecognized deductible temporary differences and unused tax losses consist of the following:<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="border-top: black 2.25pt solid; border-bottom: black 1pt solid; text-align: left"> </td> <td colspan="2" style="border-top: black 2.25pt solid; padding-right: 4.5pt; border-bottom: black 1pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right">March 31,</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right">2024</p></td> <td colspan="2" style="padding-right: 4.5pt; border-top: black 2.25pt solid; border-bottom: black 1pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right">March 31,</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right">2023</p></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.45pt; padding-left: 2.25pt; text-align: left; width: 54%"><span style="font-size: 10pt">Mineral property interests</span></td> <td style="padding-top: 0.45pt; padding-right: 3.8pt; text-align: right; width: 15%"><span style="font-size: 10pt">$</span></td> <td style="padding-top: 0.45pt; padding-right: 4.5pt; text-align: right; width: 15%"><span style="font-size: 10pt"> 9,894,000</span></td> <td style="padding-left: 4pt; padding-top: 0.45pt; text-align: left; width: 8%"><span style="font-size: 10pt">$</span></td> <td style="padding-top: 0.45pt; padding-right: 4.5pt; text-align: right; width: 8%"><span style="font-size: 10pt">9,831,000</span></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.8pt; padding-left: 2.25pt; text-align: left"><span style="font-size: 10pt">Equipment</span></td> <td colspan="2" style="padding-top: 0.8pt; padding-right: 4.5pt; text-align: right"><span style="font-size: 10pt">361,000</span></td> <td colspan="2" style="padding-top: 0.8pt; padding-right: 4.5pt; text-align: right"><span style="font-size: 10pt">360,000</span></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 0.75pt; padding-left: 2.25pt; text-align: left"><span style="font-size: 10pt">Operating losses carried forward</span></td> <td colspan="2" style="padding-top: 0.75pt; padding-right: 4.5pt; text-align: right"><span style="font-size: 10pt">17,195,000</span></td> <td colspan="2" style="padding-top: 0.75pt; padding-right: 4.5pt; text-align: right"><span style="font-size: 10pt">15,396,000</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: black 1pt solid; padding-top: 0.75pt; padding-left: 2.25pt; text-align: left"><span style="font-size: 10pt">Capital losses and other</span></td> <td colspan="2" style="border-bottom: black 1pt solid; padding-top: 0.75pt; padding-right: 4.5pt; text-align: right"><span style="font-size: 10pt">4,303,000</span></td> <td colspan="2" style="border-bottom: black 1pt solid; padding-top: 0.75pt; padding-right: 4.5pt; text-align: right"><span style="font-size: 10pt">3,750,000</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: black 1.5pt solid; padding-top: 0.45pt; padding-left: 2.25pt; text-align: left"><span style="font-size: 10pt">Unrecognized deductible temporary differences</span></td> <td style="border-bottom: black 1.5pt solid; padding-top: 0.45pt; padding-right: 3.8pt; text-align: right"><span style="font-size: 10pt">$</span></td> <td style="border-bottom: black 1.5pt solid; padding-top: 0.45pt; padding-right: 4.5pt; text-align: right"><span style="font-size: 10pt"> 31,753,000</span></td> <td style="border-bottom: black 1.5pt solid; padding-left: 4pt; padding-top: 0.45pt; text-align: left"><span style="font-size: 10pt">$</span></td> <td style="border-bottom: black 1.5pt solid; padding-top: 0.45pt; padding-right: 4.5pt; text-align: right"><span style="font-size: 10pt">29,337,000</span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> | |
| CY2024 | femff |
Mineral Property Interest
MineralPropertyInterest
|
-9894000 | cad |
| CY2023 | femff |
Mineral Property Interest
MineralPropertyInterest
|
-9831000 | cad |
| CY2024 | femff |
Equipments
Equipments
|
361000 | cad |
| CY2023 | femff |
Equipments
Equipments
|
360000 | cad |
| CY2024 | femff |
Operating Losses Carried Forward
OperatingLossesCarriedForward
|
17195000 | cad |
| CY2023 | femff |
Operating Losses Carried Forward
OperatingLossesCarriedForward
|
15396000 | cad |
| CY2024 | femff |
Capital Losses And Others
CapitalLossesAndOthers
|
4303000 | cad |
| CY2023 | femff |
Capital Losses And Others
CapitalLossesAndOthers
|
3750000 | cad |
| CY2024 | femff |
Unrecognized Deductible Temporary Differences
UnrecognizedDeductibleTemporaryDifferences
|
31753000 | cad |
| CY2023 | femff |
Unrecognized Deductible Temporary Differences
UnrecognizedDeductibleTemporaryDifferences
|
29337000 | cad |
| CY2024 | femff |
Capital Loans Carry Forward
CapitalLoansCarryForward
|
17195000 | cad |
| CY2022Q4 | femff |
Sale Units Shares
SaleUnitsShares
|
3707500 | shares |
| CY2022Q4 | femff |
Flow Throught Shares
FlowThroughtShares
|
2040000 | cad |
| CY2022Q4 | femff |
Recognized Liability
RecognizedLiability
|
594175 | cad |
| CY2023 | ifrs-full |
Payments For Development Project Expenditure
PaymentsForDevelopmentProjectExpenditure
|
51142 | cad |
| CY2024 | femff |
Additional Qualified Expenditures
AdditionalQualifiedExpenditures
|
2174333 | cad |
| CY2024 | ifrs-full |
Payments For Development Project Expenditure
PaymentsForDevelopmentProjectExpenditure
|
496325 | cad |
| CY2024 | femff |
Aggregate Value
AggregateValue
|
3270558 | cad |
| CY2024Q1 | femff |
Flow Throught Shares
FlowThroughtShares
|
717679 | cad |
| CY2024 | ifrs-full |
Disclosure Of Events After Reporting Period Explanatory
DisclosureOfEventsAfterReportingPeriodExplanatory
|
<table cellpadding="0" cellspacing="0" style="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in">14.</td><td>Subsequent Events</td></tr></table> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in">i)</td><td style="text-align: justify; padding-right: 7.65pt">On April 23, 2024, the Company granted 2,000,000 RSUs to certain officers, directors and consultants of the Company of which, 50% vest in four months and 50% vest in eight months;</td></tr></table> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in">ii)</td><td style="text-align: justify; padding-right: 7.65pt">On April 26, 2024, the Company granted 1,200,000 stock options at an exercise price of $0.18 to certain officers, directors and consultants of the Company. The options vest immediately and are exercisable for a two-year period and subject to the statutory four month hold period; and</td></tr></table> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in">iii)</td><td style="text-align: justify; padding-right: 7.9pt">On April 18, 2024, the Company closed a private placement for gross proceeds of $400,000, by issuing 1,739,130 QFT shares priced at $0.23 per QFT share and paid finder’s fees of $24,000.</td></tr></table> | |
| CY2024Q1 | femff |
Share Subscriptions
ShareSubscriptions
|
cad | |
| CY2024 | ifrs-full |
Payments For Exploration And Evaluation Expenses
PaymentsForExplorationAndEvaluationExpenses
|
cad | |
| CY2022 | ifrs-full |
Payments For Exploration And Evaluation Expenses
PaymentsForExplorationAndEvaluationExpenses
|
cad | |
| CY2022 | ifrs-full |
Finance Costs
FinanceCosts
|
cad | |
| CY2022 | ifrs-full |
Other Comprehensive Income Net Of Tax Exchange Differences On Translation
OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation
|
cad | |
| CY2022 | femff |
Unrealized Loss On Marketable Securities
UnrealizedLossOnMarketableSecurities
|
cad | |
| CY2024 | ifrs-full |
Diluted Earnings Loss Per Share From Continuing Operations
DilutedEarningsLossPerShareFromContinuingOperations
|
-0.14 | |
| CY2023 | ifrs-full |
Diluted Earnings Loss Per Share From Continuing Operations
DilutedEarningsLossPerShareFromContinuingOperations
|
-0.22 | |
| CY2022 | ifrs-full |
Diluted Earnings Loss Per Share From Continuing Operations
DilutedEarningsLossPerShareFromContinuingOperations
|
-0.28 | |
| CY2022 | ifrs-full |
Adjusted Weighted Average Shares
AdjustedWeightedAverageShares
|
16589650 | shares |
| CY2023 | ifrs-full |
Adjusted Weighted Average Shares
AdjustedWeightedAverageShares
|
26392018 | shares |
| CY2024 | ifrs-full |
Adjusted Weighted Average Shares
AdjustedWeightedAverageShares
|
47967469 | shares |
| CY2022 | femff |
Fair Value Of Warrants From Private Placement
FairValueOfWarrantsFromPrivatePlacement
|
cad | |
| CY2023 | femff |
Fair Value Of Warrants From Private Placement
FairValueOfWarrantsFromPrivatePlacement
|
cad | |
| CY2024 | femff |
Fair Value Of Warrants From Private Placement
FairValueOfWarrantsFromPrivatePlacement
|
cad | |
| CY2022 | ifrs-full |
Adjustments For Amortisation Expense
AdjustmentsForAmortisationExpense
|
cad | |
| CY2022 | femff |
Adjustments For Unrealized Loss On Marketable Securities
AdjustmentsForUnrealizedLossOnMarketableSecurities
|
cad | |
| CY2024 | femff |
Adjustments For Gain On Option Of Exploration And Evaluation Assets
AdjustmentsForGainOnOptionOfExplorationAndEvaluationAssets
|
cad | |
| CY2022 | femff |
Adjustments For Gain On Option Of Exploration And Evaluation Assets
AdjustmentsForGainOnOptionOfExplorationAndEvaluationAssets
|
cad | |
| CY2023 | ifrs-full |
Adjustments For Increase Decrease In Other Operating Payables
AdjustmentsForIncreaseDecreaseInOtherOperatingPayables
|
cad | |
| CY2022 | ifrs-full |
Adjustments For Increase Decrease In Other Operating Payables
AdjustmentsForIncreaseDecreaseInOtherOperatingPayables
|
cad | |
| CY2024 | ifrs-full |
Proceeds From Disposal Of Exploration And Evaluation Assets
ProceedsFromDisposalOfExplorationAndEvaluationAssets
|
cad | |
| CY2022 | ifrs-full |
Proceeds From Disposal Of Exploration And Evaluation Assets
ProceedsFromDisposalOfExplorationAndEvaluationAssets
|
cad | |
| CY2024 | ifrs-full |
Purchase Of Property Plant And Equipment Classified As Investing Activities
PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities
|
cad | |
| CY2022 | ifrs-full |
Purchase Of Property Plant And Equipment Classified As Investing Activities
PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities
|
cad | |
| CY2024 | ifrs-full |
Proceeds From Exercise Of Warrants
ProceedsFromExerciseOfWarrants
|
cad | |
| CY2023 | ifrs-full |
Proceeds From Exercise Of Warrants
ProceedsFromExerciseOfWarrants
|
cad | |
| CY2024 | femff |
Fair Value Of Shares Issued To Finders
FairValueOfSharesIssuedToFinders
|
cad | |
| CY2024 | femff |
Fair Value Of Warrants Exercised
FairValueOfWarrantsExercised
|
cad | |
| CY2023 | femff |
Fair Value Of Warrants Exercised
FairValueOfWarrantsExercised
|
cad | |
| CY2024 | femff |
Exploration And Evaluation Assets In Accounts Payable
ExplorationAndEvaluationAssetsInAccountsPayable
|
cad | |
| CY2023 | femff |
Writedown Of Accrued Exploration And Evaluation Acquisition Costs Included In Accounts Payable
WritedownOfAccruedExplorationAndEvaluationAcquisitionCostsIncludedInAccountsPayable
|
cad | |
| CY2024 | ifrs-full |
Gain On Recovery Of Loans And Advances Previously Written Off
GainOnRecoveryOfLoansAndAdvancesPreviouslyWrittenOff
|
cad | |
| CY2022 | ifrs-full |
Key Management Personnel Compensation Sharebased Payment
KeyManagementPersonnelCompensationSharebasedPayment
|
cad | |
| CY2024Q1 | femff |
Weighted Average Exercise Price Balance Fully Vested And Exercisable
WeightedAverageExercisePriceBalanceFullyVestedAndExercisable
|
0.79 | |
| CY2024 | ifrs-full |
Income Tax Expense Continuing Operations
IncomeTaxExpenseContinuingOperations
|
cad | |
| CY2023 | ifrs-full |
Income Tax Expense Continuing Operations
IncomeTaxExpenseContinuingOperations
|
cad | |
| CY2022 | ifrs-full |
Income Tax Expense Continuing Operations
IncomeTaxExpenseContinuingOperations
|
cad | |
| CY2024Q1 | ifrs-full |
Deferred Tax Liability Asset
DeferredTaxLiabilityAsset
|
cad | |
| CY2023Q1 | ifrs-full |
Deferred Tax Liability Asset
DeferredTaxLiabilityAsset
|
cad | |
| CY2024 | dei |
Amendment Flag
AmendmentFlag
|
false | |
| CY2024 | dei |
Document Fin Stmt Error Correction Flag
DocumentFinStmtErrorCorrectionFlag
|
false | |
| CY2024 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
| CY2024 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001066130 |
