2023 Q2 Form 20-F Financial Statement
#000109690623002076 Filed on October 31, 2023
Income Statement
| Concept | 2023 Q2 | 2023 |
|---|---|---|
| Revenue | $0.00 | $0.00 |
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $16.05M | $16.05M |
| YoY Change | 48.58% | 48.58% |
| % of Gross Profit | ||
| Research & Development | $12.00K | 12.00K cads |
| YoY Change | -64.42% | -64.43% |
| % of Gross Profit | ||
| Depreciation & Amortization | $2.640K | $0.00 |
| YoY Change | ||
| % of Gross Profit | ||
| Operating Expenses | $16.06M | 12.00K cads |
| YoY Change | 47.48% | -64.43% |
| Operating Profit | ||
| YoY Change | ||
| Interest Expense | $577.0K | 16.08M cads |
| YoY Change | -56.82% | 45.26% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $109.8K | $110.0K |
| YoY Change | 0.0% | 0.23% |
| Pretax Income | -$15.38M | -$15.38M |
| YoY Change | 62.79% | 62.81% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$15.38M | 15.38M cads |
| YoY Change | 62.79% | 62.79% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$0.85 | -$0.85 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 18.19M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2023 Q2 | 2023 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $3.841M | $3.840M |
| YoY Change | -83.86% | -83.86% |
| Cash & Equivalents | ||
| Short-Term Investments | ||
| Other Short-Term Assets | $883.9K | $880.0K |
| YoY Change | -5.18% | -5.59% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $4.916M | $4.920M |
| YoY Change | -80.36% | -80.34% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $21.50M | $21.50M |
| YoY Change | 78.04% | 78.02% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | 21.50M cads | $21.50M |
| YoY Change | 78.04% | 78.02% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $4.916M | $4.920M |
| Total Long-Term Assets | 21.50M cads | $21.50M |
| Total Assets | 26.42M cads | $26.42M |
| YoY Change | -28.8% | -28.8% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $1.024M | $720.0K |
| YoY Change | -13.39% | 26.74% |
| Accrued Expenses | $300.0K | |
| YoY Change | -51.17% | |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% |
| Long-Term Debt Due | $29.92K | $30.00K |
| YoY Change | ||
| Total Short-Term Liabilities | $3.884M | $3.060M |
| YoY Change | 118.07% | 71.83% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $31.11K | $30.00K |
| YoY Change | ||
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $31.11K | $30.00K |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $3.884M | $3.060M |
| Total Long-Term Liabilities | $31.11K | $30.00K |
| Total Liabilities | 3.094M cads | $3.090M |
| YoY Change | 73.74% | 73.51% |
| 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 | $22.50M | $23.32M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $26.42M | $26.42M |
| YoY Change | -28.8% | -28.8% |
Cashflow Statement
| Concept | 2023 Q2 | 2023 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$15.38M | 15.38M cads |
| YoY Change | 62.79% | 62.79% |
| Depreciation, Depletion And Amortization | $2.640K | $0.00 |
| YoY Change | ||
| Cash From Operating Activities | -$4.340M | -$10.30M |
| YoY Change | 399.73% | 232.37% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $4.872M | $9.460M |
| YoY Change | -186.16% | -258.21% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$4.872M | -$9.460M |
| YoY Change | -13.84% | 58.21% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -21.36K | -190.0K |
| YoY Change | -95.39% | -100.58% |
| NET CHANGE | ||
| Cash From Operating Activities | -4.340M | -10.30M |
| Cash From Investing Activities | -4.872M | -9.460M |
| Cash From Financing Activities | -21.36K | -190.0K |
| Net Change In Cash | -9.233M | -19.95M |
| YoY Change | 32.15% | -184.99% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$4.340M | -$10.30M |
| Capital Expenditures | $4.872M | $9.460M |
| Free Cash Flow | -$9.212M | -$19.76M |
| YoY Change | -292.44% | -786.03% |
Facts In Submission
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Snow Lake Resources Ltd. | |
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360 Main St 30th Floor | |
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Winnipeg | |
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| CY2022 | ifrs-full |
Increase Decrease Through Exercise Of Warrants Equity
IncreaseDecreaseThroughExerciseOfWarrantsEquity
|
365113 | cad |
| CY2022 | ifrs-full |
Profit Loss
ProfitLoss
|
9446454 | cad |
| CY2022Q2 | ifrs-full |
Equity
Equity
|
35325716 | cad |
| CY2023 | fil |
Issuance Of Shares On Debt Settlement
IssuanceOfSharesOnDebtSettlement
|
800366 | cad |
| CY2023 | ifrs-full |
Increase Decrease Through Sharebased Payment Transactions
IncreaseDecreaseThroughSharebasedPaymentTransactions
|
2544906 | cad |
| CY2023 | fil |
Cancellation Of Stock Options
CancellationOfStockOptions
|
0 | cad |
| CY2023 | ifrs-full |
Increase Decrease Through Exercise Of Warrants Equity
IncreaseDecreaseThroughExerciseOfWarrantsEquity
|
31578 | cad |
| CY2023 | ifrs-full |
Profit Loss
ProfitLoss
|
15377601 | cad |
| CY2023Q2 | ifrs-full |
Number Of Shares Outstanding
NumberOfSharesOutstanding
|
18185810 | shares |
| CY2023Q2 | ifrs-full |
Equity
Equity
|
23324964 | cad |
| CY2023 | ifrs-full |
Profit Loss
ProfitLoss
|
15377601 | cad |
| CY2022 | ifrs-full |
Profit Loss
ProfitLoss
|
9446454 | cad |
| CY2021 | ifrs-full |
Profit Loss
ProfitLoss
|
552436 | cad |
| CY2023 | ifrs-full |
Depreciation Rightofuse Assets
DepreciationRightofuseAssets
|
2640 | cad |
| CY2022 | ifrs-full |
Depreciation Rightofuse Assets
DepreciationRightofuseAssets
|
0 | cad |
| CY2021 | ifrs-full |
Depreciation Rightofuse Assets
DepreciationRightofuseAssets
|
0 | cad |
| CY2023 | fil |
Interest Expenses And Accretion
InterestExpensesAndAccretion
|
1841 | cad |
| CY2022 | fil |
Interest Expenses And Accretion
InterestExpensesAndAccretion
|
148406 | cad |
| CY2021 | fil |
Interest Expenses And Accretion
InterestExpensesAndAccretion
|
140264 | cad |
| CY2023 | fil |
Amortization Of Transaction Costs1
AmortizationOfTransactionCosts1
|
0 | cad |
| CY2022 | fil |
Amortization Of Transaction Costs1
AmortizationOfTransactionCosts1
|
56512 | cad |
| CY2021 | fil |
Amortization Of Transaction Costs1
AmortizationOfTransactionCosts1
|
13284 | cad |
| CY2023 | fil |
Issuance Of Warrants For Investor Relations Services
IssuanceOfWarrantsForInvestorRelationsServices
|
409495 | cad |
| CY2022 | fil |
Issuance Of Warrants For Investor Relations Services
IssuanceOfWarrantsForInvestorRelationsServices
|
0 | cad |
| CY2021 | fil |
Issuance Of Warrants For Investor Relations Services
IssuanceOfWarrantsForInvestorRelationsServices
|
0 | cad |
| CY2023 | fil |
Issuance Of Warrants For Claims Settlement
IssuanceOfWarrantsForClaimsSettlement
|
979294 | cad |
| CY2022 | fil |
Issuance Of Warrants For Claims Settlement
IssuanceOfWarrantsForClaimsSettlement
|
0 | cad |
| CY2021 | fil |
Issuance Of Warrants For Claims Settlement
IssuanceOfWarrantsForClaimsSettlement
|
0 | cad |
| CY2023 | ifrs-full |
Gains Losses On Financial Assets At Fair Value Through Profit Or Loss
GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss
|
-246460 | cad |
| CY2022 | ifrs-full |
Gains Losses On Financial Assets At Fair Value Through Profit Or Loss
GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss
|
1103839 | cad |
| CY2021 | ifrs-full |
Gains Losses On Financial Assets At Fair Value Through Profit Or Loss
GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss
|
32676 | cad |
| CY2023 | fil |
Loss On Shares For Debt Settlement
LossOnSharesForDebtSettlement
|
157502 | cad |
| CY2022 | fil |
Loss On Shares For Debt Settlement
LossOnSharesForDebtSettlement
|
0 | cad |
| CY2021 | fil |
Loss On Shares For Debt Settlement
LossOnSharesForDebtSettlement
|
0 | cad |
| CY2023 | ifrs-full |
Adjustments For Sharebased Payments
AdjustmentsForSharebasedPayments
|
2544905 | cad |
| CY2022 | ifrs-full |
Adjustments For Sharebased Payments
AdjustmentsForSharebasedPayments
|
8035506 | cad |
| CY2021 | ifrs-full |
Adjustments For Sharebased Payments
AdjustmentsForSharebasedPayments
|
0 | cad |
| CY2023 | fil |
Recovery Of Accounts Payable
RecoveryOfAccountsPayable
|
0 | cad |
| CY2022 | fil |
Recovery Of Accounts Payable
RecoveryOfAccountsPayable
|
0 | cad |
| CY2021 | fil |
Recovery Of Accounts Payable
RecoveryOfAccountsPayable
|
-10740 | cad |
| CY2023 | ifrs-full |
Adjustments For Unrealised Foreign Exchange Losses Gains
AdjustmentsForUnrealisedForeignExchangeLossesGains
|
-812 | cad |
| CY2022 | ifrs-full |
Adjustments For Unrealised Foreign Exchange Losses Gains
AdjustmentsForUnrealisedForeignExchangeLossesGains
|
-14000 | cad |
| CY2021 | ifrs-full |
Adjustments For Unrealised Foreign Exchange Losses Gains
AdjustmentsForUnrealisedForeignExchangeLossesGains
|
0 | cad |
| CY2023 | ifrs-full |
Adjustments For Reconcile Profit Loss
AdjustmentsForReconcileProfitLoss
|
-11036276 | cad |
| CY2022 | ifrs-full |
Adjustments For Reconcile Profit Loss
AdjustmentsForReconcileProfitLoss
|
-2323869 | cad |
| CY2021 | ifrs-full |
Adjustments For Reconcile Profit Loss
AdjustmentsForReconcileProfitLoss
|
-442304 | cad |
| CY2023 | ifrs-full |
Income Taxes Paid Refund Classified As Operating Activities
IncomeTaxesPaidRefundClassifiedAsOperatingActivities
|
112967 | cad |
| CY2022 | ifrs-full |
Income Taxes Paid Refund Classified As Operating Activities
IncomeTaxesPaidRefundClassifiedAsOperatingActivities
|
-283520 | cad |
| CY2021 | ifrs-full |
Income Taxes Paid Refund Classified As Operating Activities
IncomeTaxesPaidRefundClassifiedAsOperatingActivities
|
-47 | cad |
| CY2023 | ifrs-full |
Adjustments For Decrease Increase In Prepaid Expenses
AdjustmentsForDecreaseIncreaseInPrepaidExpenses
|
66645 | cad |
| CY2022 | ifrs-full |
Adjustments For Decrease Increase In Prepaid Expenses
AdjustmentsForDecreaseIncreaseInPrepaidExpenses
|
-864177 | cad |
| CY2021 | ifrs-full |
Adjustments For Decrease Increase In Prepaid Expenses
AdjustmentsForDecreaseIncreaseInPrepaidExpenses
|
-67179 | cad |
| CY2023 | ifrs-full |
Adjustments For Increase Decrease In Trade Account Payable
AdjustmentsForIncreaseDecreaseInTradeAccountPayable
|
581531 | cad |
| CY2022 | ifrs-full |
Adjustments For Increase Decrease In Trade Account Payable
AdjustmentsForIncreaseDecreaseInTradeAccountPayable
|
552249 | cad |
| CY2021 | ifrs-full |
Adjustments For Increase Decrease In Trade Account Payable
AdjustmentsForIncreaseDecreaseInTradeAccountPayable
|
84360 | cad |
| CY2023 | ifrs-full |
Adjustments For Decrease Increase In Trade Account Receivable
AdjustmentsForDecreaseIncreaseInTradeAccountReceivable
|
-23658 | cad |
| CY2022 | ifrs-full |
Adjustments For Decrease Increase In Trade Account Receivable
AdjustmentsForDecreaseIncreaseInTradeAccountReceivable
|
-179655 | cad |
| CY2021 | ifrs-full |
Adjustments For Decrease Increase In Trade Account Receivable
AdjustmentsForDecreaseIncreaseInTradeAccountReceivable
|
61694 | cad |
| CY2023 | ifrs-full |
Cash Flows From Used In Operating Activities
CashFlowsFromUsedInOperatingActivities
|
-10298791 | cad |
| CY2022 | ifrs-full |
Cash Flows From Used In Operating Activities
CashFlowsFromUsedInOperatingActivities
|
-3098972 | cad |
| CY2021 | ifrs-full |
Cash Flows From Used In Operating Activities
CashFlowsFromUsedInOperatingActivities
|
-363476 | cad |
| CY2023 | ifrs-full |
Proceeds From Issue Of Bonds Notes And Debentures
ProceedsFromIssueOfBondsNotesAndDebentures
|
0 | cad |
| CY2022 | ifrs-full |
Proceeds From Issue Of Bonds Notes And Debentures
ProceedsFromIssueOfBondsNotesAndDebentures
|
0 | cad |
| CY2021 | ifrs-full |
Proceeds From Issue Of Bonds Notes And Debentures
ProceedsFromIssueOfBondsNotesAndDebentures
|
805000 | cad |
| CY2023 | ifrs-full |
Proceeds From Issuing Shares
ProceedsFromIssuingShares
|
0 | cad |
| CY2022 | ifrs-full |
Proceeds From Issuing Shares
ProceedsFromIssuingShares
|
34988520 | cad |
| CY2021 | ifrs-full |
Proceeds From Issuing Shares
ProceedsFromIssuingShares
|
0 | cad |
| CY2023 | ifrs-full |
Payments For Share Issue Costs
PaymentsForShareIssueCosts
|
0 | cad |
| CY2022 | ifrs-full |
Payments For Share Issue Costs
PaymentsForShareIssueCosts
|
2995448 | cad |
| CY2021 | ifrs-full |
Payments For Share Issue Costs
PaymentsForShareIssueCosts
|
0 | cad |
| CY2023 | ifrs-full |
Proceeds From Borrowings Classified As Financing Activities
ProceedsFromBorrowingsClassifiedAsFinancingActivities
|
0 | cad |
| CY2022 | ifrs-full |
Proceeds From Borrowings Classified As Financing Activities
ProceedsFromBorrowingsClassifiedAsFinancingActivities
|
873253 | cad |
| CY2021 | ifrs-full |
Proceeds From Borrowings Classified As Financing Activities
ProceedsFromBorrowingsClassifiedAsFinancingActivities
|
0 | cad |
| CY2023 | ifrs-full |
Repayments Of Borrowings Classified As Financing Activities
RepaymentsOfBorrowingsClassifiedAsFinancingActivities
|
201532 | cad |
| CY2022 | ifrs-full |
Repayments Of Borrowings Classified As Financing Activities
RepaymentsOfBorrowingsClassifiedAsFinancingActivities
|
679617 | cad |
| CY2021 | ifrs-full |
Repayments Of Borrowings Classified As Financing Activities
RepaymentsOfBorrowingsClassifiedAsFinancingActivities
|
0 | cad |
| CY2023 | ifrs-full |
Proceeds From Exercise Of Options
ProceedsFromExerciseOfOptions
|
31578 | cad |
| CY2022 | ifrs-full |
Proceeds From Exercise Of Options
ProceedsFromExerciseOfOptions
|
365114 | cad |
| CY2021 | ifrs-full |
Proceeds From Exercise Of Options
ProceedsFromExerciseOfOptions
|
4883 | cad |
| CY2023 | fil |
Payments Made On Lease Deposit
PaymentsMadeOnLeaseDeposit
|
-18367 | cad |
| CY2022 | fil |
Payments Made On Lease Deposit
PaymentsMadeOnLeaseDeposit
|
0 | cad |
| CY2021 | fil |
Payments Made On Lease Deposit
PaymentsMadeOnLeaseDeposit
|
0 | cad |
| CY2023 | us-gaap |
Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
|
2986 | cad |
| CY2022 | us-gaap |
Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
|
0 | cad |
| CY2021 | us-gaap |
Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
|
0 | cad |
| CY2023 | ifrs-full |
Cash Flows From Used In Financing Activities
CashFlowsFromUsedInFinancingActivities
|
-191307 | cad |
| CY2022 | ifrs-full |
Cash Flows From Used In Financing Activities
CashFlowsFromUsedInFinancingActivities
|
32551822 | cad |
| CY2021 | ifrs-full |
Cash Flows From Used In Financing Activities
CashFlowsFromUsedInFinancingActivities
|
809883 | cad |
| CY2023 | ifrs-full |
Purchase Of Intangible Assets Classified As Investing Activities
PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities
|
9461430 | cad |
| CY2022 | ifrs-full |
Purchase Of Intangible Assets Classified As Investing Activities
PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities
|
5979286 | cad |
| CY2021 | ifrs-full |
Purchase Of Intangible Assets Classified As Investing Activities
PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities
|
270652 | cad |
| CY2023 | ifrs-full |
Cash Flows From Used In Investing Activities
CashFlowsFromUsedInInvestingActivities
|
-9461430 | cad |
| CY2022 | ifrs-full |
Cash Flows From Used In Investing Activities
CashFlowsFromUsedInInvestingActivities
|
-5979286 | cad |
| CY2021 | ifrs-full |
Cash Flows From Used In Investing Activities
CashFlowsFromUsedInInvestingActivities
|
-270652 | cad |
| CY2023 | ifrs-full |
Increase Decrease In Cash And Cash Equivalents
IncreaseDecreaseInCashAndCashEquivalents
|
-19951528 | cad |
| CY2022 | ifrs-full |
Increase Decrease In Cash And Cash Equivalents
IncreaseDecreaseInCashAndCashEquivalents
|
23473564 | cad |
| CY2021 | ifrs-full |
Increase Decrease In Cash And Cash Equivalents
IncreaseDecreaseInCashAndCashEquivalents
|
175755 | cad |
| CY2022Q2 | ifrs-full |
Cash And Cash Equivalents Classified As Part Of Disposal Group Held For Sale
CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale
|
23792408 | cad |
| CY2021Q2 | ifrs-full |
Cash And Cash Equivalents Classified As Part Of Disposal Group Held For Sale
CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale
|
318844 | cad |
| CY2020Q2 | ifrs-full |
Cash And Cash Equivalents Classified As Part Of Disposal Group Held For Sale
CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale
|
143089 | cad |
| CY2023Q2 | ifrs-full |
Cash And Cash Equivalents Classified As Part Of Disposal Group Held For Sale
CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale
|
3840880 | cad |
| CY2022Q2 | ifrs-full |
Cash And Cash Equivalents Classified As Part Of Disposal Group Held For Sale
CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale
|
23792408 | cad |
| CY2021Q2 | ifrs-full |
Cash And Cash Equivalents Classified As Part Of Disposal Group Held For Sale
CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale
|
318844 | cad |
| CY2023 | ifrs-full |
Adjustments For Increase Decrease In Other Operating Payables
AdjustmentsForIncreaseDecreaseInOtherOperatingPayables
|
388107 | cad |
| CY2022 | ifrs-full |
Adjustments For Increase Decrease In Other Operating Payables
AdjustmentsForIncreaseDecreaseInOtherOperatingPayables
|
485089 | cad |
| CY2021 | ifrs-full |
Adjustments For Increase Decrease In Other Operating Payables
AdjustmentsForIncreaseDecreaseInOtherOperatingPayables
|
117015 | cad |
| CY2023 | ifrs-full |
Disclosure Of Going Concern Explanatory
DisclosureOfGoingConcernExplanatory
|
<p style="font:10pt stHtmlOvrFontNm;margin:0;margin-left:46.35pt"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>1.</b></kbd><b>Nature of Operations and Going Concern</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;margin-left:46.35pt"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify">Snow Lake Resources Ltd., d/b/a Snow Lake Lithium Ltd. (“Snow Lake” or the “Company”) was incorporated under the Canada Business Corporations Act on May 25, 2018. The Company is a Canadian natural resource exploration company engaged in the exploration and development of mineral resources through its subsidiaries: Snow Lake Exploration Ltd. and Snow Lake (Crowduck) Ltd. The corporate and registered office of the Company is 360 Main St, 30<span style="vertical-align:super">th</span> Floor, Winnipeg, Manitoba, R3C 4G1, Canada.</p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify">On November 22, 2021, the Company was listed for trading under the NASDAQ Composite under the ticker symbol “LITM”.</p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify">On November 23, 2021, the Company closed its initial public offering (“IPO”) through the issuance of 3,680,000 common shares, at a price of $9.51 (USD $7.50) per share for gross proceeds of $34,988,520 (USD $27,600,000). </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify">Although the Company has taken steps to verify title to the mineral properties in which it has an interest, in accordance with industry standards for the current stage of exploration of such properties, these procedures do not guarantee the Company’s title. Property title may be subject to government licensing requirements or regulations, unregistered prior agreements, undetected defects, unregistered claims, native land claims, and non-compliance with regulatory and environmental requirements.</p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify">For the year ended June 30, 2023, the Company incurred a net loss of $15,377,601 (2022 – $9,446,454; 2021 – $552,436) and negative cash flow from operations of $10,298,791 (2022 – $3,098,972; 2021 – $363,476), and as at June 30, 2023, the Company had an accumulated deficit of $24,610,379 (June 30, 2022 – $10,545,535; June 30, 2021 – accumulated deficit of $2,271,524). The Company has not yet placed any of its mineral properties into production and, as a result, the Company has no source of operating cash flow. The Company’s ability to continue as a going concern is dependent upon the Company achieving profitable operations to generate sufficient cash flows to fund continuing operations, or, in the absence of adequate cash flows from operations, obtaining additional financing to support operations for the foreseeable future. It is not possible to predict whether financing efforts will be successful or if the Company will attain profitable levels of operations. These conditions, and the unpredictability of the mining business, represent material uncertainties which may cast significant doubt upon the Company’s ability to continue as a going concern. </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify">These consolidated financial statements have been prepared on the basis that the Company will continue as a going concern, and do not reflect the adjustments to the carrying values of assets and liabilities and the reported revenues and expenses, and classifications of statements of financial position that would be necessary if the Company were unable to realize its assets and settle its liabilities as a going concern in the normal course of operations. Such adjustments could be material.</p> | |
| CY2021Q4 | fil |
Number Of Shares Issued1
NumberOfSharesIssued1
|
3680000 | shares |
| CY2021Q4 | ifrs-full |
Weighted Average Share Price2019
WeightedAverageSharePrice2019
|
9.51 | |
| CY2021Q4 | fil |
Weighted Average Share Price2019 Usd
WeightedAverageSharePrice2019Usd
|
7.50 | |
| CY2021Q4 | ifrs-full |
Proceeds From Issuing Shares
ProceedsFromIssuingShares
|
34988520 | cad |
| CY2021Q4 | fil |
Proceeds From Issuing Shares Usd
ProceedsFromIssuingSharesUsd
|
27600000 | usd |
| CY2023 | ifrs-full |
Profit Loss
ProfitLoss
|
15377601 | cad |
| CY2022 | ifrs-full |
Profit Loss
ProfitLoss
|
9446454 | cad |
| CY2021 | ifrs-full |
Profit Loss
ProfitLoss
|
552436 | cad |
| CY2023 | ifrs-full |
Cash Flows From Used In Operating Activities
CashFlowsFromUsedInOperatingActivities
|
-10298791 | cad |
| CY2022 | ifrs-full |
Cash Flows From Used In Operating Activities
CashFlowsFromUsedInOperatingActivities
|
-3098972 | cad |
| CY2021 | ifrs-full |
Cash Flows From Used In Operating Activities
CashFlowsFromUsedInOperatingActivities
|
-363476 | cad |
| CY2023Q2 | ifrs-full |
Retained Earnings
RetainedEarnings
|
-24610379 | cad |
| CY2022Q2 | ifrs-full |
Retained Earnings
RetainedEarnings
|
-10545535 | cad |
| CY2021Q2 | ifrs-full |
Retained Earnings
RetainedEarnings
|
-2271524 | cad |
| CY2023 | ifrs-full |
Disclosure Of Basis Of Consolidation Explanatory
DisclosureOfBasisOfConsolidationExplanatory
|
<p style="font:10pt stHtmlOvrFontNm;margin:0;margin-left:46.35pt"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>2.</b></kbd><b>Basis of Presentation</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;margin-left:46.35pt"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;margin-left:18pt"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>(a)</b></kbd><b>Statement of Compliance</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify">These consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). The accounting policies set out below were consistently applied to all periods presented unless otherwise noted.</p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify">These consolidated financial statements were reviewed, approved and authorized for issuance by the Board of Directors (the “Board”) of the Company on October 25, 2023.</p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:0pt"><b>2.</b></kbd><kbd style="margin-left:36pt"></kbd><b>Basis of Presentation (continued)</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>(b)</b></kbd><b>Basis of Measurement </b> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify">These consolidated financial statements have been prepared on the historical cost basis except for certain financial instruments carried at fair value, as explained in the accounting policies as set out in Note 3. In addition, these consolidated financial statements have been prepared using the accrual basis of accounting, except for cash flow information.</p> <p style="font:10pt stHtmlOvrFontNm;margin:0"> </p> <p style="font:1pt stHtmlOvrFontNm;margin:0"> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>(c)</b></kbd><b>Basis of Consolidation</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">Subsidiaries consist of entities over which the Company is exposed to, or has rights to, variable returns as well as the ability to affect those returns through the power to direct the relevant activities of the entity. Subsidiaries are fully consolidated from the date control is transferred to the Company and are-deconsolidated from the date control ceases. The consolidated financial statements include all the assets, liabilities, revenues, expenses and cash flows of the Company and its subsidiaries after eliminating inter-entity balances and transactions.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>(d)</b></kbd><b>Functional Currency</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">These consolidated financial statements are presented in Canadian dollars (“$” or “CAD”), which is the Company’s functional currency. The functional currency is the currency of the primary economic environment in which the Company operates.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>(e)</b></kbd><b>Significant Accounting Judgments and Estimates</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify">The preparation of these consolidated financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, revenue, and expenses. On an ongoing basis, management evaluates its judgments and estimates in relation to assets, liabilities, revenue, and expenses. Management uses historical experience and various other factors it believes to be reasonable under the given circumstances as the basis for its judgments and estimates. Actual outcomes may differ from these estimates under different assumptions and conditions. These estimates are reviewed periodically, and adjustments are made as appropriate in the period they become known.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify">Items for which actual results may differ materially from these estimates are described as follows:</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify"><i>Going concern</i></p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify">At each reporting period, management exercises judgment in assessing the Company’s ability to continue as a going concern by reviewing the Company’s performance, resources, and future obligations. The conclusion that the Company will be able to continue as a going concern is subject to critical judgments of management with respect to assumptions surrounding the short and long-term operating budgets, expected profitability, investment and financing activities and management’s strategic planning. The assumptions used in management’s going concern assessment are derived from actual operating results along with industry and market trends. Management believes there is sufficient capital to meet the Company’s business obligations for at least the next 12 months, after taking into account expected cash flows and the Company's cash position at year-end.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt"> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify"><i>Fair value of financial assets and financial liabilities</i></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">Fair value of financial assets and financial liabilities on the consolidated statements of financial position that cannot be derived from active markets, are determined using a variety of techniques including the use of valuation models. The inputs to these models are derived from observable market data where possible, but where observable market data are not available, judgment is required to establish fair values. Judgments include, but are not limited to, consideration of model inputs such as volatility, estimated life and discount rates.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt"> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>2.</b></kbd><b>Basis of Presentation (continued)</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>(e)</b></kbd><b>Significant Accounting Judgments and Estimates (continued)</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify"><i>Economic recoverability of future economic benefits of exploration and evaluation assets</i></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">Management has determined that exploration and evaluation (“E&E”) assets and related costs incurred, which have been recognized on the consolidated statements of financial position, are economically recoverable. Management uses several criteria in its assessments of economic recoverability and probability of future economic benefit including geological data, scoping studies, accessible facilities, and existing and future permits.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify"><i>Technical feasibility and commercial viability</i></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">Management exercises judgment, in accordance with IFRS 6 – Exploration for and Evaluation of Mineral Resources (“IFRS 6”), to determine an accounting policy specifying which expenditures, if any, are capitalized as E&E assets, and to apply the policy consistently. E&E expenditures not capitalized as E&E assets are expensed as incurred. Once the technical feasibility and commercial viability of extracting a mineral resource are demonstrable, an entity stops recording E&E expenditures for that mineral project, tests capitalized E&E assets (if any) for impairment and reclassifies those E&E assets to other applicable development-stage accounts. An assessment of technical feasibility and commercial viability is conducted on a project-by-project basis with regard to all relevant facts and circumstances. The nature and status of the mineral project is determined on the merits of the mineral project itself.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;color:#000000;text-align:justify"><i>Provisions</i></p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify">Provisions recognized in the consolidated financial statements involve judgments on the occurrence of future events, which could result in a material outlay for the Company. In determining whether an outlay will be material, the Company considers the expected future cash flows based on facts, historical experience and probabilities associated with such future events. Uncertainties exist with respect to estimates made by management and as a result, the actual expenditure may differ from amounts currently reported.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify"><i>Income taxes</i></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">Income taxes and tax exposures recognized in the consolidated financial statements reflect management’s best estimate of the outcome based on facts known at the reporting date. When the Company anticipates a future income tax payment based on its estimates, it recognizes a liability. The difference between the expected amount and the final tax outcome has an impact on current and deferred taxes when the Company becomes aware of this difference.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">In addition, when the Company incurs losses that cannot be associated with current or past profits, it assesses the probability of taxable profits being available in the future based on its budgeted forecasts. These forecasts are adjusted to take account of certain non-taxable income and expenses and specific rules on the use of unused credits and tax losses. When the forecasts indicate the sufficient future taxable income will be available to deduct the temporary differences, a deferred tax asset is recognized for all deductible temporary differences.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify"><i>Options, restricted share units and warrants</i></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">Options, restricted share units (“RSUs”) and warrants, including finders’ warrants, are initially recognized at fair value using market-based valuation techniques. The fair value of the market-based and performance-based share awards are determined at the date of grant using generally accepted valuation techniques. Assumptions are made and judgments are used in applying the valuation techniques. These assumptions and judgments include the expected volatility of the share price, expected forfeitures, expected dividend yield, expected term of the warrants or options, and expected risk-free interest rate. Such assumptions and judgments are inherently uncertain. Changes in these assumptions can affect the fair value estimates of stock-based compensation.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt"> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>2.</b></kbd><b>Basis of Presentation (continued)</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>(e)</b></kbd><b>Significant Accounting Judgments and Estimates (continued)</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify"><i>Expected credit losses on financial assets</i></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">Determining an allowance for expected credit losses (“ECL”) for amounts receivable and all debt financial assets not held at fair value through profit or loss (“FVTPL”) requires management to make assumptions about the historical patterns for the probability of default, the timing of collection and the amount of incurred credit losses, which are adjusted based on management’s judgment about whether economic conditions and credit terms are such that actual losses may be higher or lower than what the historical patterns suggest.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify"><i>Functional currency</i></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">The functional currency for the Company and its subsidiaries is the currency of the primary economic environment in which they operate. Determination of functional currency involves significant judgments and other entities may make different judgments based on similar facts. Periodically, the Company reconsiders the functional currency of its business if there is a change in the underlying transactions, events or conditions which determine its primary economic environment.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify"><i>Shares issued for non-cash consideration</i></p> <p style="font:10.5pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify"><span style="font-size:10pt">The Company is required to recognize these transactions at fair value which requires judgment in selecting valuation techniques and other factors.</span></p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Noncurrent Assets Or Disposal Groups Classified As Held For Sale And Discontinued Operations Explanatory
DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory
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<p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>(a)</b></kbd><b>Current and Non-Current Classification</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">Assets and liabilities are presented in the consolidated statements of financial position based on current and non-current classification.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify"><span style="font-size:8pt"> </span>An asset is classified as current when it is either expected to be realized or intended to be sold or consumed in the normal operating cycle; it is held primarily for the purpose of trading; it is expected to be realized within 12 months after the reporting period; or the asset is cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least 12 months after the reporting period. All other assets are classified as non-current.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">A liability is classified as current when it is either expected to be settled in the normal operating cycle; it is held primarily for the purpose of trading; it is due to be settled within 12 months after the reporting period; or there is no unconditional right to defer the settlement of the liability for at least 12 months after the reporting period. All other liabilities are classified as non-current.</p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Cash Flows Explanatory
DescriptionOfAccountingPolicyForCashFlowsExplanatory
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<p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>(b)</b></kbd><b>Cash </b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">Cash in the consolidated statements of financial position comprises cash at a chartered bank in Canada and funds held in trust with the Company’s legal counsels which is available on demand.</p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Exploration And Evaluation Expenditures
DescriptionOfAccountingPolicyForExplorationAndEvaluationExpenditures
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<p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>(c)</b></kbd><b>Exploration and Evaluation Assets</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">Title to E&E assets including mineral properties involves certain inherent risks due to the difficulties of determining the validity of certain claims as well as the potential for problems arising from the frequently ambiguous conveyancing historical characteristic of many properties. The Company has investigated title to all its mineral properties and, to the best of its knowledge, titles to all its mineral properties are in good standing. </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt"> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>3.</b></kbd><b>Summary of Significant Accounting Policies (continued)</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>(c)</b></kbd><b>Exploration and Evaluation Assets (continued)</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">The Company accounts for E&E assets in accordance with IFRS 6. Once the legal right to explore a property has been acquired, costs directly related to exploration and evaluation are recognized and capitalized, in addition to acquisition costs. These expenditures include but are not limited to acquiring licenses, researching and analyzing existing exploration data, conducting geological studies, exploration drilling and sampling and payments made to contractors and consultants in connection with the exploration and evaluation of the property. Costs not directly attributable to E&E activities, including general administrative overhead costs, are expensed in the period in which they occur.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">Acquisition costs incurred in obtaining legal right to explore a mineral property are deferred until the legal right is granted and thereon reclassified to mineral properties. Transaction costs incurred in acquiring an asset are deferred until the transaction is completed and then included in the purchase price of the asset acquired.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">When a project is deemed to no longer have commercially viable prospects to the Company, E&E expenditures in respect of that project are deemed to be impaired. As a result, those E&E expenditure costs, in excess of the estimated recoverable amount, are written off to the consolidated statements of loss and comprehensive loss. </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">The Company assesses E&E assets for impairment when facts and circumstances suggest that the carrying amount of the asset may exceed its recoverable amount. The recoverable amount is the higher of the asset’s fair value less costs to sell (“FVLCS”) and value-in-use (“VIU”).</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify"><span style="font-size:8pt"> </span>Once the technical feasibility and commercial viability of extracting the mineral resource has been determined, the property is considered a mine under development. E&E assets are also tested for impairment before the assets are transferred to development properties. </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">As the Company currently has no operational income, any incidental revenues earned in connection with exploration activities are applied as a reduction to capitalized exploration costs.</p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Financial Instruments Explanatory
DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory
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<p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify"><b>(d) Financial Instruments</b></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">The Company classifies and measures financial instruments in accordance with IFRS 9 – Financial Instruments (“IFRS 9”). <span style="background-color:#FFFFFF">A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.</span> The Company recognizes financial assets and financial liabilities on the consolidated statements of financial position when it becomes a party to the financial instrument or derivative contract.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify"><span style="background-color:#FFFFFF"><i>Classification</i></span></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify"><span style="background-color:#FFFFFF">The Company classifies its financial assets in the following measurement categories: (a) those to be measured subsequently at FVTPL; (b) those to be measured subsequently at fair value through other comprehensive income (loss) (“FVTOCI”); and (c) those to be measured at amortized cost. The classification of financial assets depends on the business model for managing the financial assets and the contractual terms of the cash flows. Financial liabilities are classified as those to be measured at amortized cost unless they are designated as those to be measured subsequently at FVTPL (irrevocable election at the time of recognition). </span>The Company reclassifies financial assets when and only when its business model for managing those assets changes. Financial liabilities are not reclassified. </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">The Company’s financial assets include cash, other receivables excluding any sales tax amounts, and due from related party. The Company’s financial liabilities include its accounts payable, due to related parties, loan payable, lease liabilities and derivative liabilities. </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt"> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;color:#000000;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>3.</b></kbd><b>Summary of Significant Accounting Policies (continued)</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>(d)</b></kbd><b>Financial Instruments (continued)</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify"><span style="background-color:#FFFFFF"><i>Classification</i><i> (continued)</i></span></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:6pt;text-align:justify"><span style="border-bottom:1px solid #000000"><i>Fair value through profit or loss</i></span></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">This category includes derivative instruments as well as quoted equity instruments which the Company has not irrevocably elected, at initial recognition or transition, to classify at FVTOCI. This category would also include debt instruments whose cash flow characteristics do not meet the solely payment of principal and interest (“SPPI”) criterion or are not held within a business model whose objective is either to collect contractual cash flows, or to both collect contractual cash flows and sell. Financial assets in this category are recorded at fair value with changes recognized in the consolidated statements of loss and comprehensive loss.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:6pt;text-align:justify"><span style="border-bottom:1px solid #000000"><i>Financial assets at fair value through other comprehensive income</i></span></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">Debt and equity instruments that are held for collection of contractual cash flows and for sale, and where the assets’ cash flows represent solely payments of principal and interest, are classified as FVTOCI. Movements in fair values are recognized in other comprehensive income (“OCI”) and accumulated in fair value reserve, except for the recognition of impairment gains or losses, interest income and foreign exchange gains and losses, which are recognized in profit and loss.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:6pt;text-align:justify"><i>Financial assets at fair value through other comprehensive income (continued)</i></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">When the financial asset is derecognized, the cumulative gain or loss recognized in OCI is reclassified from equity to profit or loss and presented in “other gains and losses”. Interest income from these financial assets is recognized using the effective interest rate method and presented in “interest income”. As at June 30, 2023 and 2022, the Company did not have any financial assets at FVTOCI.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:6pt;text-align:justify"><span style="border-bottom:1px solid #000000"><i>Amortized cost </i></span></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">Debt and equity instruments that are held for collection of contractual cash flows where those cash flows represent SPPI are measured at amortized cost. Interest income from these financial assets is included in interest income using the effective interest rate method.</p> <p style="font:10pt stHtmlOvrFontNm;margin:0"><span style="background-color:#FFFFFF">The Company’s classification of financial assets and financial liabilities is summarized below:</span></p> <table style="border-collapse:collapse;width:100%"><tr><td style="width:72.62%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify">Cash</p> </td><td style="width:27.38%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify">FVTPL</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:72.62%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify">Due to/from related parties</p> </td><td style="background-color:#CCEEFF;width:27.38%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify">Amortized cost</p> </td></tr> <tr><td style="width:72.62%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify">Accounts payable </p> </td><td style="width:27.38%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify">Amortized cost</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:72.62%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify">Loan payable</p> </td><td style="background-color:#CCEEFF;width:27.38%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify">Amortized cost</p> </td></tr> <tr><td style="width:72.62%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify">Lease liabilities</p> </td><td style="width:27.38%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify">Amortized cost</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:72.62%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify">Derivative liabilities</p> </td><td style="background-color:#CCEEFF;width:27.38%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify">FVTPL</p> </td></tr> </table> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify"><span style="background-color:#FFFFFF"><i>Measurement </i></span></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify"><span style="background-color:#FFFFFF">All financial instruments are required to be measured at fair value on initial recognition, plus, in the case of a financial asset or financial liability not at FVTPL, transaction costs that are directly attributable to the acquisition or issuance of the financial asset or financial liability. Transaction costs of financial assets and financial liabilities carried at FVTPL are expensed in profit or loss. Financial assets and financial liabilities with embedded derivatives are considered in their entirety when determining whether their cash flows are solely payment of principal and interest.</span></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt"> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;color:#000000;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>3.</b></kbd><b>Summary of Significant Accounting Policies (continued)</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>(d)</b></kbd><b>Financial Instruments (continued)</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify"><span style="background-color:#FFFFFF">Financial assets that are held within a business model whose objective is to collect the contractual cash flows, and that have contractual cash flows that are solely payments of principal and interest on the principal outstanding are generally measured at amortized cost at the end of the subsequent accounting periods. All other financial assets, including equity investments, are measured at their fair values at the end of subsequent accounting periods, with any changes taken through profit and loss or OCI (irrevocable election at the time of recognition). For financial liabilities measured subsequently at FVTPL, changes in fair value due to credit risk are recorded in OCI. </span></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify"><span style="background-color:#FFFFFF"><i>Expected credit loss impairment model</i></span></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify"><span style="background-color:#FFFFFF">Under IFRS 9, the Company recognizes a provision for ECL on financial assets that are measured on amortized cost. The Company assumes that the credit risk on a financial asset has increased significantly if it is more than 30 days past due. The Company considers a financial asset to be in default when the borrower is unlikely to pay its credit obligations to the Company in full or when the financial asset is more than 90 days past due. </span></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify"><span style="background-color:#FFFFFF">The carrying amount of a financial asset is written off (either partially or in full) to the extent that there is no realistic prospect of recovery. This is generally the case when the Company determines that the debtor does not have assets or sources of income that could generate sufficient cash flows to repay the amounts.</span></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify"><i>Derecognition</i></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">The Company derecognizes financial assets only when the contractual rights to cash flow from the financial assets expire, or when it transfers the financial assets and substantially all of the associated risks and rewards of ownership to another entity.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">The Company derecognizes a financial liability when its contractual obligations are discharged, cancelled, or expire. The Company also derecognizes a financial liability when the terms of the liability are modified such that the terms and/or cash flows of the modified instrument are substantially different, in which case a new financial liability based on the modified terms is recognized at fair value. </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">Gains or losses on derecognition are generally recognized in profit or loss.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify"><i>Determination of fair value</i></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">The determination of fair value requires judgment and is based on market information, where available and appropriate. The Company classifies fair value measurements using a fair value hierarchy that reflects the significance of the inputs used in making the measurements. </p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Impairment Of Assets Explanatory
DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory
|
<p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>(e)</b></kbd><b>Impairment of Assets</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">At each reporting date, the Company reviews the carrying amounts of its assets to determine whether there are any indicators of impairment. If any such indicator exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment, if any. </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">Where the asset does not generate cash inflows that are independent from other assets, the Company estimates the recoverable amount of the cash-generating unit (“CGU”) to which the asset belongs. Any intangible asset with an indefinite useful life is tested for impairment annually and whenever there is an indication that the asset may be impaired. An asset’s recoverable amount is the higher of FVLCS and VIU. In assessing VIU, 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 for which estimates of future cash flows have not been adjusted. </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>3.</b></kbd><b>Summary of Significant Accounting Policies (continued)</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>(e)</b></kbd><b>Impairment of Assets (continued)</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">If the recoverable amount of an asset or CGU is estimated to be less than its carrying amount, the carrying amount is reduced to the recoverable amount and an impairment loss is recognized immediately in the consolidated statements of loss and comprehensive loss. Where an impairment subsequently reverses, the carrying amount is increased to the revised estimate of recoverable amount but only to the extent that this does not exceed the carrying value that would have been determined if no impairment had previously been recognized. A reversal of impairment is recognized in the consolidated statements of loss and comprehensive loss.</p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Impairment Of Nonfinancial Assets Explanatory
DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory
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<p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>(f)</b></kbd><b>Impairment of Non-Financial Assets</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify">Goodwill and other intangible assets that have an indefinite useful life are not subject to amortisation and are tested annually for impairment, or more frequently if events or changes in circumstances indicate that they might be impaired. Other non-financial assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognized for the amount by which the asset’s carrying amount exceeds its recoverable amount.</p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify">Recoverable amount is the higher of an asset’s FVLCS and VIU. The VIU is the present value of the estimated future cash flows relating to the asset using a pre-tax discount rate specific to the asset or CGU to which the asset belongs. Assets that do not have independent cash flows are grouped together to form a CGU.</p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Leases Explanatory
DescriptionOfAccountingPolicyForLeasesExplanatory
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<p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>(g)</b></kbd><b>Leased Assets</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">The Company is party to a lease of a mining analyzer which is used for its E&E activities. The Company assesses service arrangements to determine if an asset is explicitly or implicitly specified in the agreement and if it has the right to control the use of the identified asset.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">At inception of a contract, the Company assesses whether a contract is, or contains, a lease based on whether the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">The Company then recognizes a right-of-use (“ROU”) asset and a lease liability at the lease commencement date. The ROU asset is initially measured based on the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset or to restore the underlying asset or the site on which it is located, less any lease incentives received. The assets are depreciated to the earlier of the end of the useful life of the ROU asset or the lease term using the straight-line method. The lease term includes periods covered by an option to extend if the Company is reasonably certain to exercise that option. The Company elected to recognize expenses for leases with a term of 12 months or less on a straight-line basis over the lease term and lease of assets of low value, and not to recognize these short-term leases on the consolidated statements of financial position.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the Company’s incremental borrowing rate, which was determined to be about 14%. The lease liability is measured at amortized cost using the effective interest method. It is remeasured when there is a change in the Company’s estimate of the amount expected to be payable under a residual value guarantee, if there is a change in future lease payments arising from a change in an index or rate, or if the Company changes its assessment whether it will exercise a purchase, extension or termination option.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">When the lease liability is remeasured, the amount of the remeasurement is recognized as a corresponding adjustment to the carrying amount of the ROU asset or is recorded in profit or loss if the carrying amount of the ROU asset has been reduced to zero.</p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Provisions Explanatory
DescriptionOfAccountingPolicyForProvisionsExplanatory
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<p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>(h)</b></kbd><b>Provisions</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">A provision is recognized when the Company has a present legal or constructive obligation as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation, and the amount of the obligation can be reliably estimated. If the effect is material, provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and, where appropriate, the risks specific to the liability.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">A provision for onerous contracts is recognized when the expected benefits to be derived by the Company from a contract are lower than the unavoidable cost of meeting its obligations under the contract.</p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Income Tax Explanatory
DescriptionOfAccountingPolicyForIncomeTaxExplanatory
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<p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>(i)</b></kbd><b>Income Taxes</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify">Income tax expense consists of current and deferred tax expense. Current and deferred tax are recognized in profit or loss except to the extent that it relates to items recognized directly in equity or OCI.</p> <p style="font:8pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify">Current income tax is recognized and measured at the amount expected to be recovered from, or payable to, the taxation authorities based on the income tax rates enacted or substantively enacted at the end of the reporting period and includes any adjustment to taxes payable in respect of previous years.</p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify">Deferred tax is recorded for temporary differences at the date of the consolidated statements of financial position between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes. The carrying amount of a deferred tax asset is reviewed at the end of the reporting period and is reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilized. Unrecognized deferred tax assets are reassessed at the end of the reporting period and are recognized to the extent that it has become probable that future <span style="background-color:#FFFFFF">taxable</span> profit will allow the deferred tax asset to be recovered.</p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the end of the reporting period. </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify">Deferred tax assets and deferred tax liabilities are offset if, and only if, they relate to income taxes levied by the same taxation authority and the Company has the legal rights and intent to offset.</p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;color:#000000;text-align:justify"><i>Estimates</i></p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify">Provisions for taxes are made using the best estimate of the amount expected to be paid based on a qualitative assessment of all relevant factors. The Company reviews the adequacy of these provisions at the end of the reporting period. However, it is possible that at some future date an additional liability could result from audits by taxing authorities. Where the final outcome of these tax‑related matters is different from the amounts that were initially recorded, such differences will affect the tax provisions in the period in which such determination is made.</p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Sharebased Payment Transactions Explanatory
DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory
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<p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:6pt;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>(k)</b></kbd><b>Share-Based Payments Transactions</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">The Company operates a stock option plan (the “Option Plan”). Share-based payments to employees are measured at the fair value of the instruments issued and amortized over the vesting periods. Share-based payments to non-employees are measured at the fair value of goods or services received, or at the fair value of the equity instruments issued, if it is determined the fair value of the goods or services cannot be reliably measured and are recorded at the date the goods or services are received. The fair value of options is determined based on the application of the Black-Scholes valuation model (“Black-Scholes”). The fair value of equity-settled stock-based compensation transactions is recognized as an expense with a corresponding increase in the share-based payments reserve.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">If share-settled awards are modified, as a minimum an expense is recognized as if the modification has not been made. An additional expense is recognized, over the remaining vesting period, for any modification that increases the total fair value of the share-based compensation benefit as at the date of modification.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">Amounts recorded for cancelled or expired unexercised options are transferred to accumulated deficit in the period of which the cancellation or expiry occurs.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">The Company also operates a RSUs Plan, where RSUs are granted to directors, employees and consultants from time to time. RSUs are measured at the fair value of the date of grant, based on the closing price of the Company’s common shares on the date of grant. The fair value of stock-based compensation on RSUs is recognized as an expense with a corresponding increase in the reserve for RSUs over the vesting period.</p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Warrants Explanatory
DescriptionOfAccountingPolicyForWarrantsExplanatory
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<p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:6pt;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>(l)</b></kbd><b>Warrants</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">Share purchase warrants (each a “Warrant”) are classified as a component of equity. Warrants issued along with shares in an equity unit financing are measured using the residual approach, whereby the fair value of the Warrant is determined after deducting the fair value of the shares from the unit price less applicable financing costs. Warrants issued for broker/financing compensation, are recognized at the fair value using Black-Scholes at the date of issuance. Warrants are initially recorded as a part of the reserves in warrant in equity at the recognized fair value.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">Upon exercise of the Warrants, the previously recognized fair value of the Warrants exercised is reallocated to share capital from warrants reserve. Proceeds generated from the payment of the exercise price are also allocated to share capital. Amounts recorded for expired unexercised warrants are transferred to accumulated deficit in the period of which the expiry occurs.</p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Treasury Shares Explanatory
DescriptionOfAccountingPolicyForTreasurySharesExplanatory
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<p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>(m)</b></kbd><b>Flow-Through Shares</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;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 year is disclosed separately.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">The issuance of flow-through common shares results in the tax deductibility of the qualifying resource expenditures funded from the proceeds of the sales of such common shares being transferred to the purchasers of the shares. On the issuance of such shares, the Company bifurcates the flow-through shares into a flow-through share premium, equal to the estimated fair value of the premium that investors pay for the flow-through tax feature, which is recognized as a liability, and equity values of share capital and/or warrants. As related exploration expenditures are incurred, the Company derecognizes the premium liability and recognizes the related recovery. </p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Earnings Per Share Explanatory
DescriptionOfAccountingPolicyForEarningsPerShareExplanatory
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<p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>(n)</b></kbd><b>Loss Per Share</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">Basic loss per share is computed by dividing the net loss available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted loss per share is calculated by the treasury stock method. Under the treasury stock method, the weighted average number of common shares outstanding for the calculation of diluted (loss) earnings per share assumes that the proceeds to be received on the exercise of dilutive share options and warrants are used to repurchase common shares at the average market price during the period.</p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Foreign Currency Translation Explanatory
DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory
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<p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>(o)</b></kbd><b>Foreign Currency Translation </b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">Monetary assets and liabilities denominated in currencies other than CAD are translated into CAD at the rate of the consolidated financial statements of the Company are prepared in its functional currency, determined on the basis of the primary economic environment in which the entity operates. Given that operations are in Canada, the presentation and functional currency of the Company is the Canadian dollar.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">Transactions in currencies other than the functional currency are recorded at the rates of exchange prevailing at the transaction dates. At each reporting date, monetary items denominated in foreign currencies are translated into the entity’s functional currency at the then prevailing rates and non-monetary items measured at historical cost are translated into the entity’s functional currency at rates in effect at the date the transaction took place. </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">Exchange differences arising on the settlement of monetary items or on translating monetary items at rates different from those at which they were translated on initial recognition during the period or in previous financial statements are included in the consolidated statements of loss and comprehensive loss for the period in which they arise. </p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Transactions With Related Parties Explanatory
DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory
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<p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>(p)</b></kbd><b>Related Party Transactions</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify">Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered to be related if they are subject to common control or common significant influence. Related parties may be individuals or corporate entities. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties.</p> | |
| CY2023 | ifrs-full |
Disclosure Of Changes In Accounting Policies Explanatory
DisclosureOfChangesInAccountingPoliciesExplanatory
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<p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>(q)</b></kbd><b>Adoption of New Accounting Standards and Amendments</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">The Company adopted the following amendments, effective July 1, 2022. The changes were made in accordance with the applicable transitional provisions. The Company had assessed that no material impact is expected upon the adoption of the following amendments on its consolidated financial statements:</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify"><i>Amendments to IAS 37 – Provisions, Contingent Liabilities and Contingent Assets (“IAS 37”)</i></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">In May 2020, the IASB issued amendments to update IAS 37. The amendments specify that in assessing whether a contract is onerous under IAS 37, the cost of fulfilling a contract includes both the incremental costs and an allocation of costs that relate directly to contract activities. The amendments also include examples of costs that do, and do not, relate directly to a contract. </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify"><i>Amendments to IAS 8 – Accounting Policies, Changes in Accounting Estimates and Errors (“IAS 8”) </i></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">In February 2021, the IASB issued <i>Definition of Accounting Estimates</i>, which amended IAS 8. The amendments clarify how companies should distinguish changes in accounting policies from changes in accounting estimates. That distinction is important because changes in accounting estimates are applied prospectively only to future transactions and other future events, but changes in accounting policies are generally also applied retrospectively to past transactions and other past events. The amendments to IAS 8 are effective for annual periods beginning on or after January 1, 2023. The Company early-adopted these amendments as permitted.</p> | |
| CY2023 | ifrs-full |
Disclosure Of Acquired Receivables Explanatory
DisclosureOfAcquiredReceivablesExplanatory
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<p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;color:#000000;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>4.</b></kbd><b>Sales Tax Receivable</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify">The Company’s sales tax receivable balance represents amounts due from government taxation authorities in respect of the Good and Services Tax/Harmonized Sales Tax. The Company anticipates full recovery of these amounts and therefore no ECL has been recorded against these receivables, which are due in less than one year.</p> | |
| CY2023 | ifrs-full |
Disclosure Of Prepayments And Other Assets Explanatory
DisclosureOfPrepaymentsAndOtherAssetsExplanatory
|
<p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;color:#000000;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>5.</b></kbd><b>Prepaid Expenses</b> </p> <table style="border-collapse:collapse;width:100%"><tr><td style="width:48.26%;border-bottom:0.5pt solid #000000" valign="bottom"></td><td style="width:17.24%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>June 30, 2023</b></p> </td><td style="width:17.24%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">June 30, 2022</p> </td><td style="width:17.24%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">June 30, 2021</p> </td></tr> <tr><td style="width:48.26%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify"> </p> </td><td style="width:17.24%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>$</b></p> </td><td style="width:17.24%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">$</p> </td><td style="width:17.24%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">$</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:48.26%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify">Prepaid insurance</p> </td><td style="background-color:#CCEEFF;width:17.24%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>283,307</b></p> </td><td style="background-color:#CCEEFF;width:17.24%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">483,278</p> </td><td style="background-color:#CCEEFF;width:17.24%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">4,796</p> </td></tr> <tr><td style="width:48.26%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify">Advances made to suppliers and deposits</p> </td><td style="width:17.24%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>600,565</b></p> </td><td style="width:17.24%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">448,872</p> </td><td style="width:17.24%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">63,177</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:48.26%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"></td><td style="background-color:#CCEEFF;width:17.24%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>883,872</b></p> </td><td style="background-color:#CCEEFF;width:17.24%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">932,150</p> </td><td style="background-color:#CCEEFF;width:17.24%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">67,973</p> </td></tr> </table> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt"> </p> | |
| CY2023 | ifrs-full |
Disclosure Of Expenses Explanatory
DisclosureOfExpensesExplanatory
|
<table style="border-collapse:collapse;width:100%"><tr><td style="width:48.26%;border-bottom:0.5pt solid #000000" valign="bottom"></td><td style="width:17.24%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>June 30, 2023</b></p> </td><td style="width:17.24%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">June 30, 2022</p> </td><td style="width:17.24%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">June 30, 2021</p> </td></tr> <tr><td style="width:48.26%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify"> </p> </td><td style="width:17.24%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>$</b></p> </td><td style="width:17.24%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">$</p> </td><td style="width:17.24%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">$</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:48.26%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify">Prepaid insurance</p> </td><td style="background-color:#CCEEFF;width:17.24%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>283,307</b></p> </td><td style="background-color:#CCEEFF;width:17.24%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">483,278</p> </td><td style="background-color:#CCEEFF;width:17.24%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">4,796</p> </td></tr> <tr><td style="width:48.26%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify">Advances made to suppliers and deposits</p> </td><td style="width:17.24%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>600,565</b></p> </td><td style="width:17.24%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">448,872</p> </td><td style="width:17.24%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">63,177</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:48.26%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"></td><td style="background-color:#CCEEFF;width:17.24%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>883,872</b></p> </td><td style="background-color:#CCEEFF;width:17.24%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">932,150</p> </td><td style="background-color:#CCEEFF;width:17.24%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">67,973</p> </td></tr> </table> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt"> </p> | |
| CY2023 | fil |
Prepaid Insurances
PrepaidInsurances
|
283307 | cad |
| CY2022 | fil |
Prepaid Insurances
PrepaidInsurances
|
483278 | cad |
| CY2021 | fil |
Prepaid Insurances
PrepaidInsurances
|
4796 | cad |
| CY2023 | fil |
Advances Made To Suppliers And Deposits
AdvancesMadeToSuppliersAndDeposits
|
600565 | cad |
| CY2022 | fil |
Advances Made To Suppliers And Deposits
AdvancesMadeToSuppliersAndDeposits
|
448872 | cad |
| CY2021 | fil |
Advances Made To Suppliers And Deposits
AdvancesMadeToSuppliersAndDeposits
|
63177 | cad |
| CY2023Q2 | ifrs-full |
Current Prepaid Expenses
CurrentPrepaidExpenses
|
883872 | cad |
| CY2022Q2 | ifrs-full |
Current Prepaid Expenses
CurrentPrepaidExpenses
|
932150 | cad |
| CY2021Q2 | ifrs-full |
Current Prepaid Expenses
CurrentPrepaidExpenses
|
67973 | cad |
| CY2023 | ifrs-full |
Disclosure Of Exploration And Evaluation Assets Explanatory
DisclosureOfExplorationAndEvaluationAssetsExplanatory
|
<p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;color:#000000;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>6.</b></kbd><b>Exploration and Evaluation Assets</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify">The following summarizes the movement of the Company’s E&E assets for the years ended June 30, 2023, 2022 and 2021: </p> <table style="border-collapse:collapse;width:100%;border:0.5pt solid #000000"><tr><td style="width:79.16%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000"> </p> </td><td style="width:20.84%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:right"><b>$</b></p> </td></tr> <tr><td style="background-color:#CCEEFF;width:79.16%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000"><b>Balance, June 30, 2020</b></p> </td><td style="background-color:#CCEEFF;width:20.84%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:right"><b>5,396,879</b></p> </td></tr> <tr><td style="width:79.16%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000">Exploration and evaluation expenditures</p> </td><td style="width:20.84%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:right">333,345</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:79.16%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000"><b>Balance, June 30, 2021</b></p> </td><td style="background-color:#CCEEFF;width:20.84%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:right"><b>5,730,224</b></p> </td></tr> <tr><td style="width:79.16%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000">Exploration and evaluation expenditures</p> </td><td style="width:20.84%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:right">6,347,360</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:79.16%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000"><b>Balance, June 30, 2022</b></p> </td><td style="background-color:#CCEEFF;width:20.84%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:right"><b>12,077,584</b></p> </td></tr> <tr><td style="width:79.16%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000">Exploration and evaluation expenditures</p> </td><td style="width:20.84%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:right">9,364,448</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:79.16%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000"><b>Balance, June 30, 2023</b></p> </td><td style="background-color:#CCEEFF;width:20.84%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:right"><b>21,442,032</b></p> </td></tr> </table> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify"> </p> | |
| CY2020Q2 | ifrs-full |
Intangible Exploration And Evaluation Assets
IntangibleExplorationAndEvaluationAssets
|
5396879 | cad |
| CY2021 | ifrs-full |
Disposals Intangible Assets And Goodwill
DisposalsIntangibleAssetsAndGoodwill
|
333345 | cad |
| CY2021Q2 | ifrs-full |
Intangible Exploration And Evaluation Assets
IntangibleExplorationAndEvaluationAssets
|
5730224 | cad |
| CY2022 | ifrs-full |
Disposals Intangible Assets And Goodwill
DisposalsIntangibleAssetsAndGoodwill
|
6347360 | cad |
| CY2022Q2 | ifrs-full |
Intangible Exploration And Evaluation Assets
IntangibleExplorationAndEvaluationAssets
|
12077584 | cad |
| CY2023 | ifrs-full |
Disposals Intangible Assets And Goodwill
DisposalsIntangibleAssetsAndGoodwill
|
9364448 | cad |
| CY2023Q2 | ifrs-full |
Intangible Exploration And Evaluation Assets
IntangibleExplorationAndEvaluationAssets
|
21442032 | cad |
| CY2023 | ifrs-full |
Disclosure Of Quantitative Information About Rightofuse Assets Explanatory
DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory
|
<p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>7.</b></kbd><b>Right-of-Use Assets</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify">Effective June 15, 2023, the Company entered into a lease agreement for mining equipment used in its E&E activities, for a term of two years. As at June 30, 2023, the Company’s ROU assets are as follows:</p> <table style="border-collapse:collapse;width:100%"><tr><td style="width:79.16%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000"> </p> </td><td style="width:20.84%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:right"><b>$</b></p> </td></tr> <tr><td style="background-color:#CCEEFF;width:79.16%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0"><span style="border-bottom:1px solid #000000">Cost</span></p> </td><td style="background-color:#CCEEFF;width:20.84%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:right"> </p> </td></tr> <tr><td style="width:79.16%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000"><b>Balance, June 30, 2022 and 2021</b></p> </td><td style="width:20.84%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:right"><b>-</b></p> </td></tr> <tr><td style="background-color:#CCEEFF;width:79.16%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000">Additions for right-of-use assets</p> </td><td style="background-color:#CCEEFF;width:20.84%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:right"><b>63,360</b></p> </td></tr> <tr><td style="width:79.16%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000"><b>Balance, June 30, 2023</b></p> </td><td style="width:20.84%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:right"><b>63,360</b></p> </td></tr> <tr><td style="background-color:#CCEEFF;width:79.16%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0"><span style="border-bottom:1px solid #000000">Accumulated Amortization</span></p> </td><td style="background-color:#CCEEFF;width:20.84%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:right"> </p> </td></tr> <tr><td style="width:79.16%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0"><b>Balance, June 30, 2022 and 2021</b></p> </td><td style="width:20.84%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:right"><b>-</b></p> </td></tr> <tr><td style="background-color:#CCEEFF;width:79.16%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Depreciation</p> </td><td style="background-color:#CCEEFF;width:20.84%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:right"><b>2,640</b></p> </td></tr> <tr><td style="width:79.16%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0"><b>Balance, June 30, 2023</b></p> </td><td style="width:20.84%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:right"><b>2,640</b></p> </td></tr> <tr><td style="background-color:#CCEEFF;width:79.16%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0"><span style="border-bottom:1px solid #000000">Net Book Value</span></p> </td><td style="background-color:#CCEEFF;width:20.84%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:right"> </p> </td></tr> <tr><td style="width:79.16%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000">June 30, 2022 and 2021</p> </td><td style="width:20.84%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:right"><b>-</b></p> </td></tr> <tr><td style="background-color:#CCEEFF;width:79.16%;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000"><b>June 30, 2023</b></p> </td><td style="background-color:#CCEEFF;width:20.84%;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:right"><b>60,720</b></p> </td></tr> </table> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify"> </p> | |
| CY2023 | ifrs-full |
Additions To Rightofuse Assets
AdditionsToRightofuseAssets
|
63360 | cad |
| CY2023 | ifrs-full |
Depreciation Rightofuse Assets
DepreciationRightofuseAssets
|
2640 | cad |
| CY2022Q2 | ifrs-full |
Rightofuse Assets
RightofuseAssets
|
0 | cad |
| CY2023Q2 | ifrs-full |
Rightofuse Assets
RightofuseAssets
|
60720 | cad |
| CY2023Q2 | ifrs-full |
Trade And Other Payables To Trade Suppliers
TradeAndOtherPayablesToTradeSuppliers
|
722376 | cad |
| CY2022Q2 | ifrs-full |
Trade And Other Payables To Trade Suppliers
TradeAndOtherPayablesToTradeSuppliers
|
568065 | cad |
| CY2021Q2 | ifrs-full |
Trade And Other Payables To Trade Suppliers
TradeAndOtherPayablesToTradeSuppliers
|
215640 | cad |
| CY2023Q2 | ifrs-full |
Current Accrued Expenses And Other Current Liabilities
CurrentAccruedExpensesAndOtherCurrentLiabilities
|
301758 | cad |
| CY2022Q2 | ifrs-full |
Current Accrued Expenses And Other Current Liabilities
CurrentAccruedExpensesAndOtherCurrentLiabilities
|
614384 | cad |
| CY2021Q2 | ifrs-full |
Current Accrued Expenses And Other Current Liabilities
CurrentAccruedExpensesAndOtherCurrentLiabilities
|
46485 | cad |
| CY2023Q2 | ifrs-full |
Trade And Other Current Payables
TradeAndOtherCurrentPayables
|
1024134 | cad |
| CY2022Q2 | ifrs-full |
Trade And Other Current Payables
TradeAndOtherCurrentPayables
|
1182449 | cad |
| CY2021Q2 | ifrs-full |
Trade And Other Current Payables
TradeAndOtherCurrentPayables
|
262125 | cad |
| CY2023 | ifrs-full |
Disclosure Of Trade And Other Payables Explanatory
DisclosureOfTradeAndOtherPayablesExplanatory
|
<p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;color:#000000;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>9.</b></kbd><b>Loan Payable </b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">On November 29, 2021, the Company entered into a loan agreement for USD $692,970 (CAD $873,253) (the “Loan”). The Loan bears an interest rate of 4.7% and is payable in monthly installments of USD $78,512. Interest related to the Loan totaled $16,226 and was included in interest on loan and debentures. The Loan matured and was paid off on August 18, 2022.</p> | |
| CY2021Q4 | fil |
Loan Agreement Usd
LoanAgreementUsd
|
692970 | usd |
| CY2021Q4 | fil |
Loan Agreement
LoanAgreement
|
873253 | cad |
| CY2021Q4 | ifrs-full |
Borrowings Interest Rate Basis
BorrowingsInterestRateBasis
|
4.7% | |
| CY2021Q4 | fil |
Monthly Installments Payable
MonthlyInstallmentsPayable
|
78512 | usd |
| CY2021Q4 | ifrs-full |
Gross Loan Commitments
GrossLoanCommitments
|
16226 | cad |
| CY2023 | ifrs-full |
Disclosure Of Redesignated Financial Assets And Liabilities Explanatory
DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesExplanatory
|
<p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>10.</b></kbd><b>Convertible Debentures</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">In February 2021, the Company issued convertible debts (the “Debentures”) for a total of $865,263 (the “Subscribed Amount”). The Debentures were sold at a discount of approximately 5% for proceeds of $805,000, net of a $15,000 cash commission.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">Under the terms of the Agreement, the Subscribed Amount plus interest accrued, at a rate which should be the higher of (i) 12% per annum or (ii) Wall Street Prime Rate + 7%, is convertible, at the option of the Debenture holder, into common shares of the Company at a price that is the lesser of (i) $1.25 per share or (ii) a 20% discount to the price of a Liquidity Transaction (defined below). The conversion feature expires (the “Expiry Date”) on the earlier of 24 months from execution, or the closing of a registered public offering (the “Liquidity Transaction”).</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">In the event of a default, interest accrues at the lesser of (i) 24% per annum or (ii) the maximum legally authorized rate. The Company has the right to repay the note prior to maturity at 110% of the then outstanding principal and interest. The Company must provide 30 days’ notice and the Lender shall have the right to convert prior to the 30-day notice expiration.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">The Company determined the fair value of the conversion feature component upon initial recognition was $442,589. The residual $362,411 value of the $805,000 net proceeds received was allocated on a pro-rata basis between the debt component ($271,642) and the warrants component ($90,769) based on their relative fair values. The debt component was discounted at a rate of 20% and 346,104 subscriber warrants were valued using Black-Scholes, based on the following assumptions: expected life of 2.5 years, expected volatility of 70%, expected dividend yield of nil, risk-free interest of 0.18% – 0.22%, market price of $1.50, and an exercise price of $1.50. During the year ended June 30, 2022, the Company recognized accretion expense of $91,895 (2021 – $101,565) relating to accreting the debt component of the Debentures up to their principal value, and interest of $34,990 (2021 – $38,699).</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">The Company incurred $24,507 in transaction costs pursuant to the issuance of the Debentures, including paying a $15,000 cash commission, issuing 15,000 finders’ warrants (each a “Finder’s Warrants”) exercisable at $1.50 for the earlier of (i) 60 months from the grant date or (ii) 24 months from the Company completing a listing on a Canadian stock exchange and $27 in bank charges. These costs, along with the $45,263 discount, are being amortized over the term of the Debentures. The 15,000 Finders’ Warrants were valued using Black-Scholes, based on the following assumption: expected life of 2.5 years, expected volatility of 70%, expected dividend yield of nil, risk-free interest rate of 0.18% - 0.22%, market price of $1.50, and an exercise price of $1.50.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt"> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>10.</b></kbd><b>Convertible Debentures (continued)</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">During the year ended June 30, 2022, the Company amortized $56,512 (2021 – $13,284) of transaction costs and discount in the consolidated statements of loss and comprehensive loss, including $2,025 recorded to warrants reserve for the value of the Finders’ Warrants allocated to the warrants component in 2021.</p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify">On November 23, 2021, all debt holders exercised their conversion rights at a price of $1.25 per common share. As a result of the conversion, 751,163 common shares were issued.</p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify">The following table reflects the continuity of the Debentures for the years ended June 30, 2022 and 2021:</p> <table style="border-collapse:collapse;border:0.5pt solid #000000"><tr><td style="width:370.45pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0"> </p> </td><td style="width:97.55pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>$</b></p> </td></tr> <tr><td style="background-color:#CCEEFF;width:370.45pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0"><b>Balance, June 30, 2020</b></p> </td><td style="background-color:#CCEEFF;width:97.55pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>-</b></p> </td></tr> <tr><td style="width:370.45pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Principal value of convertible debentures</p> </td><td style="width:97.55pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">865,263</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:370.45pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Discount on proceeds received</p> </td><td style="background-color:#CCEEFF;width:97.55pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">(45,263)</p> </td></tr> <tr><td style="width:370.45pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Cash commission</p> </td><td style="width:97.55pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">(15,000)</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:370.45pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Allocation to conversion feature</p> </td><td style="background-color:#CCEEFF;width:97.55pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">(442,589)</p> </td></tr> <tr><td style="width:370.45pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Allocation to warrant</p> </td><td style="width:97.55pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">(90,769)</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:370.45pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Value at initial recognition</p> </td><td style="background-color:#CCEEFF;width:97.55pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">271,642</p> </td></tr> <tr><td style="width:370.45pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Accretion expense</p> </td><td style="width:97.55pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">101,565</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:370.45pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Interest expense</p> </td><td style="background-color:#CCEEFF;width:97.55pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">38,699</p> </td></tr> <tr><td style="width:370.45pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Amortization of transaction costs</p> </td><td style="width:97.55pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">11,233</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:370.45pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0"><b>Balance, June 30, 2021</b></p> </td><td style="background-color:#CCEEFF;width:97.55pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>423,139</b></p> </td></tr> <tr><td style="width:370.45pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Accretion expense</p> </td><td style="width:97.55pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">91,895</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:370.45pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Interest expense</p> </td><td style="background-color:#CCEEFF;width:97.55pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">34,990</p> </td></tr> <tr><td style="width:370.45pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Amortization of transaction costs</p> </td><td style="width:97.55pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">50,617</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:370.45pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Conversion of Debentures</p> </td><td style="background-color:#CCEEFF;width:97.55pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">(600,641)</p> </td></tr> <tr><td style="width:370.45pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0"><b>Balance, June 30, 2022</b></p> </td><td style="width:97.55pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>-</b></p> </td></tr> </table> <p style="font:11pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:10pt"> </p> | |
| CY2021Q1 | fil |
Convertibledebtissue
Convertibledebtissue
|
865263 | cad |
| CY2021Q1 | ifrs-full |
Actuarial Assumption Of Discount Rates
ActuarialAssumptionOfDiscountRates
|
0.05 | pure |
| CY2021Q1 | fil |
Proceeds Value
ProceedsValue
|
805000 | cad |
| CY2021Q1 | fil |
Cash Commission Amount
CashCommissionAmount
|
15000 | cad |
| CY2023 | fil |
Interest Accrued Description
InterestAccruedDescription
|
(i) 12% per annum or (ii) Wall Street Prime Rate + 7%, is convertible, at the option of the Debenture holder, into common shares of the Company at a price that is the lesser of (i) $1.25 per share or (ii) a 20% discount to the price of a Liquidity Transaction (defined below). The conversion feature expires (the “Expiry Date”) on the earlier of 24 months from execution, or the closing of a registered public offering (the “Liquidity Transaction”) | |
| CY2023 | fil |
Interest Accrues Lesser Description
InterestAccruesLesserDescription
|
In the event of a default, interest accrues at the lesser of (i) 24% per annum or (ii) the maximum legally authorized rate. The Company has the right to repay the note prior to maturity at 110% of the then outstanding principal and interest. The Company must provide 30 days’ notice and the Lender shall have the right to convert prior to the 30-day notice expiration | |
| CY2023 | fil |
Fair Value Conversion Feature Description
FairValueConversionFeatureDescription
|
The Company determined the fair value of the conversion feature component upon initial recognition was $442,589. The residual $362,411 value of the $805,000 net proceeds received was allocated on a pro-rata basis between the debt component ($271,642) and the warrants component ($90,769) based on their relative fair values. The debt component was discounted at a rate of 20% and 346,104 subscriber warrants were valued using Black-Scholes, based on the following assumptions: expected life of 2.5 years, expected volatility of 70%, expected dividend yield of nil, risk-free interest of 0.18% – 0.22%, market price of $1.50, and an exercise price of $1.50. During the year ended June 30, 2022, the Company recognized accretion expense of $91,895 (2021 – $101,565) relating to accreting the debt component of the Debentures up to their principal value, and interest of $34,990 (2021 – $38,699) | |
| CY2023 | ifrs-full |
Description Of Redesignated Financial Liabilities
DescriptionOfRedesignatedFinancialLiabilities
|
The Company incurred $24,507 in transaction costs pursuant to the issuance of the Debentures, including paying a $15,000 cash commission, issuing 15,000 finders’ warrants (each a “Finder’s Warrants”) exercisable at $1.50 for the earlier of (i) 60 months from the grant date or (ii) 24 months from the Company completing a listing on a Canadian stock exchange and $27 in bank charges. These costs, along with the $45,263 discount, are being amortized over the term of the Debentures. The 15,000 Finders’ Warrants were valued using Black-Scholes, based on the following assumption: expected life of 2.5 years, expected volatility of 70%, expected dividend yield of nil, risk-free interest rate of 0.18% - 0.22%, market price of $1.50, and an exercise price of $1.50. | |
| CY2022 | fil |
Amortized Transaction Cost
AmortizedTransactionCost
|
56512 | cad |
| CY2021 | fil |
Amortized Transaction Cost
AmortizedTransactionCost
|
13284 | cad |
| CY2022 | fil |
Warrants Reserve Value
WarrantsReserveValue
|
2025 | cad |
| CY2021Q4 | ifrs-full |
Par Value Per Share
ParValuePerShare
|
1.25 | |
| CY2021Q4 | fil |
Issuance Of Conversion Of Debentures In Shares
IssuanceOfConversionOfDebenturesInShares
|
751163 | shares |
| CY2020Q2 | fil |
Convertible Debentures And Derivative Liability
ConvertibleDebenturesAndDerivativeLiability
|
0 | cad |
| CY2021 | fil |
Principal Value Of Convertible Debentures
PrincipalValueOfConvertibleDebentures
|
865263 | cad |
| CY2021 | fil |
Discount On Proceeds Received
DiscountOnProceedsReceived
|
-45263 | cad |
| CY2021 | fil |
Cash Commission
CashCommission
|
-15000 | cad |
| CY2021 | fil |
Allocation To Conversion Feature
AllocationToConversionFeature
|
-442589 | cad |
| CY2021 | fil |
Allocation To Warrant
AllocationToWarrant
|
-90769 | cad |
| CY2021 | fil |
Value At Initial Recognition
ValueAtInitialRecognition
|
271642 | cad |
| CY2021 | fil |
Accretion Expense2
AccretionExpense2
|
101565 | cad |
| CY2021 | fil |
Interest Expense1
InterestExpense1
|
38699 | cad |
| CY2021 | ifrs-full |
Amortisation Intangible Assets Other Than Goodwill
AmortisationIntangibleAssetsOtherThanGoodwill
|
11233 | cad |
| CY2021Q2 | fil |
Convertible Debentures And Derivative Liability
ConvertibleDebenturesAndDerivativeLiability
|
423139 | cad |
| CY2022 | fil |
Accretion Expense2
AccretionExpense2
|
91895 | cad |
| CY2022 | fil |
Interest Expense1
InterestExpense1
|
34990 | cad |
| CY2022 | ifrs-full |
Amortisation Intangible Assets Other Than Goodwill
AmortisationIntangibleAssetsOtherThanGoodwill
|
50617 | cad |
| CY2022 | fil |
Conversion Of Debentures
ConversionOfDebentures
|
-600641 | cad |
| CY2022Q2 | fil |
Convertible Debentures And Derivative Liability
ConvertibleDebenturesAndDerivativeLiability
|
0 | cad |
| CY2022Q2 | ifrs-full |
Lease Liabilities
LeaseLiabilities
|
0 | cad |
| CY2021Q2 | ifrs-full |
Lease Liabilities
LeaseLiabilities
|
0 | cad |
| CY2023 | ifrs-full |
Additions To Rightofuse Assets
AdditionsToRightofuseAssets
|
63360 | cad |
| CY2023 | us-gaap |
Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
|
2986 | cad |
| CY2023 | fil |
Accretion Expense1
AccretionExpense1
|
654 | cad |
| CY2023Q2 | ifrs-full |
Lease Liabilities
LeaseLiabilities
|
61028 | cad |
| CY2023Q2 | ifrs-full |
Current Lease Liabilities
CurrentLeaseLiabilities
|
29921 | cad |
| CY2023Q2 | ifrs-full |
Noncurrent Lease Liabilities
NoncurrentLeaseLiabilities
|
31107 | cad |
| CY2023Q2 | ifrs-full |
Lease Liabilities
LeaseLiabilities
|
61028 | cad |
| CY2023 | ifrs-full |
Maturity Analysis For Derivative Financial Liabilities
MaturityAnalysisForDerivativeFinancialLiabilities
|
<p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>12.</b></kbd><b>Derivative Liabilities</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify"><i>Conversion feature of Debentures</i></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">Upon issuance of the Debentures in February 2021, the Company allocated the conversion feature component valued at $442,589 as a derivative liability.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">During the year ended June 30, 2021, a gain on change in fair value on the conversion feature of $32,676 was recorded on the consolidated statements of loss and comprehensive loss.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">During the year ended June 30, 2022, a gain on change in fair value on the conversion feature of $153,155 was recorded on the consolidated statements of loss and comprehensive loss up to the conversion of the Debentures. As a result of the conversion, a fair value of $256,758 was allocated to share capital. </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt"><i>IPO Finders’ Warrants</i></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">In connection with the IPO which closed on November 23, 2021, the Company issued 184,000 Finders’ Warrants exercisable at USD $9.375 before November 19, 2026. The fair value of these Finders’ Warrants was estimated at $1,237,681 using Black-Scholes with the following assumptions: expected volatility of 100% based on comparable companies, expected dividend yield of 0%, risk-free interest rate of 1.58%, and an expected life of five years. </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">As at June 30, 2022, the derivative liability related to the Finders’ Warrants was measured at a fair value of $286,997 using Black-Scholes with the following assumptions: share price of USD $2.40, exercise price of USD $9.375, expected volatility of 100% based on comparable companies, expected dividend yield of 0%, risk-free interest rate of 3.10% and an estimated remaining life of 4.40 years. During the year ended June 30, 2022, the Company recorded a fair value decrease of $950,684 on the derivative liability related to the Finders’ Warrants.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">As at June 30, 2023, the derivative liability related to the Finders’ Warrants was measured at a fair value of $379,025 using Black-Scholes with the following assumptions: share price of USD $2.27, exercise price of USD $9.375, expected volatility of 146% based on comparable companies, expected dividend yield of 0%, risk-free interest rate of 3.77% and an estimated remaining life of 3.40 years. During the year ended June 30, 2023, the Company recorded a fair value increase of $92,028 on the derivative liability related to the Finders’ Warrants.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt"><i>Incentive Warrants</i></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">On February 17, 2023, the Company issued 225,000 incentive warrants (each a “Incentive Warrant”) to a third-party pursuant to an engagement agreement between the parties, whereby each Incentive Warrant is exercisable for a period of two years at an exercise price of: (i) USD $3 for 75,000 Warrants; (ii) USD $4 for 75,000 Warrants; and (iii) USD $5 for 75,000 Warrants. On initial recognition, the fair value of these Incentive Warrants was estimated at $409,496 using Black-Scholes with the following assumptions: expected volatility of 148% based on comparable companies, expected dividend yield of 0%, risk-free interest rate of 4.15%, and an expected life of two years. The fair value of the Incentive Warrants was recorded as consulting fees on the consolidated statements of loss and comprehensive loss.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">As at June 30, 2023, the derivative liability related to the Incentive Warrants was measured at a fair value of $401,544 using Black-Scholes with the following assumptions: share price of USD $2.27, exercise price ranging from USD $3 to $5, expected volatility of 154% based on comparable companies, expected dividend yield of 0%, risk-free interest rate of 4.54% and an estimated remaining life of 1.64 years. During the year ended June 30, 2023, the Company recorded a fair value decrease of $7,952 on the derivative liability related to the Incentive Warrants.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>12.</b></kbd><b>Derivative Liabilities (continued)</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt"><i>Settlement Warrants</i></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt">On March 31, 2023, the Company issued 500,000 settlement warrants (each a “Settlement Warrant”) to two additional third-parties pursuant to an agreement for release and settlement of claims advanced against the Company, whereby each Settlement Warrant is exercisable for a period of three years at an exercise price of USD $2.50. On initial recognition, the fair value of these Settlement Warrants was estimated at $979,294 using Black-Scholes with the following assumptions: expected volatility of 140% based on comparable companies, expected dividend yield of 0%, risk-free interest rate of 3.51%, and an expected life of three years. The fair value of the Settlement Warrants was recorded as professional fees on the consolidated statements of loss and comprehensive loss.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt">As at June 30, 2023, the derivative liability related to the Settlement Warrants was measured at a fair value of $1,141,677 using Black-Scholes with the following assumptions: share price of USD $2.27, exercise price of USD $2.50, expected volatility of 140% based on comparable companies, expected dividend yield of 0%, risk-free interest rate of 4.21% and an estimated remaining life of 2.75 years. During the year ended June 30, 2023, the Company recorded a fair value increase of $162,383 on the derivative liability related to the Settlement Warrants.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt">The changes to the derivative liabilities for the years ended June 30, 2023, 2022 and 2021 are as follows:</p> <table style="border-collapse:collapse;width:100%"><tr><td style="width:79.16%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt"> </p> </td><td style="width:20.84%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right"><b> $</b></p> </td></tr> <tr><td style="background-color:#CCEEFF;width:79.16%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt"><b>Balance, June 30, 2020</b></p> </td><td style="background-color:#CCEEFF;width:20.84%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right"><b>-</b></p> </td></tr> <tr><td style="width:79.16%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Fair value of derivative liability on date of issuance</p> </td><td style="width:20.84%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right">442,589</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:79.16%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Fair value changes of derivative liability – conversion feature</p> </td><td style="background-color:#CCEEFF;width:20.84%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right">(32,676)</p> </td></tr> <tr><td style="width:79.16%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt"><b>Balance, June 30, 2021</b></p> </td><td style="width:20.84%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right"><b>409,913</b></p> </td></tr> <tr><td style="background-color:#CCEEFF;width:79.16%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt">Fair value changes of derivative liability – conversion feature</p> </td><td style="background-color:#CCEEFF;width:20.84%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right">(153,155)</p> </td></tr> <tr><td style="width:79.16%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt">Fair value allocated on conversion of Debentures</p> </td><td style="width:20.84%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right">(256,758)</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:79.16%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt">Fair value of derivative liability – Finders’ Warrants</p> </td><td style="background-color:#CCEEFF;width:20.84%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right">1,237,681</p> </td></tr> <tr><td style="width:79.16%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt">Fair value changes of derivative liability – Finders’ Warrants</p> </td><td style="width:20.84%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right">(950,684)</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:79.16%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt"><b>Balance, June 30, 2022</b></p> </td><td style="background-color:#CCEEFF;width:20.84%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right"><b>286,997</b></p> </td></tr> <tr><td style="width:79.16%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Fair value of derivative liabilities on date of issuance</p> </td><td style="width:20.84%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right">1,388,790</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:79.16%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt">Fair value changes of derivative liability – Finders’ Warrants</p> </td><td style="background-color:#CCEEFF;width:20.84%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right">92,028</p> </td></tr> <tr><td style="width:79.16%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt">Fair value changes of derivative liability – Incentive Warrants</p> </td><td style="width:20.84%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right">(7,952)</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:79.16%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt">Fair value changes of derivative liability – Settlement Warrants</p> </td><td style="background-color:#CCEEFF;width:20.84%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right">162,383</p> </td></tr> <tr><td style="width:79.16%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt"><b>Balance, June 30, 2023</b></p> </td><td style="width:20.84%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right"><b>1,922,246</b></p> </td></tr> </table> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-indent:-18pt;margin-left:18pt"> </p> | |
| CY2021Q1 | ifrs-full |
Derivative Financial Liabilities
DerivativeFinancialLiabilities
|
442589 | cad |
| CY2021 | ifrs-full |
Gains On Change In Fair Value Of Derivatives
GainsOnChangeInFairValueOfDerivatives
|
32676 | cad |
| CY2022 | ifrs-full |
Gains On Change In Fair Value Of Derivatives
GainsOnChangeInFairValueOfDerivatives
|
153155 | cad |
| CY2022Q2 | fil |
Allocated To Share Capital
AllocatedToShareCapital
|
256758 | cad |
| CY2021Q4 | ifrs-full |
Description Of Financial Instruments Designated As Hedging Instrument
DescriptionOfFinancialInstrumentsDesignatedAsHedgingInstrument
|
the Company issued 184,000 Finders’ Warrants exercisable at USD $9.375 before November 19, 2026. The fair value of these Finders’ Warrants was estimated at $1,237,681 using Black-Scholes with the following assumptions: expected volatility of 100% based on comparable companies, expected dividend yield of 0%, risk-free interest rate of 1.58%, and an expected life of five years | |
| CY2020Q2 | ifrs-full |
Intangible Assets Other Than Goodwill
IntangibleAssetsOtherThanGoodwill
|
0 | cad |
| CY2021 | fil |
Fair Value Of Derivative Liability On Date Of Issuance
FairValueOfDerivativeLiabilityOnDateOfIssuance
|
442589 | cad |
| CY2021 | ifrs-full |
Losses On Change In Fair Value Of Derivatives
LossesOnChangeInFairValueOfDerivatives
|
-32676 | cad |
| CY2021Q2 | ifrs-full |
Intangible Assets Other Than Goodwill
IntangibleAssetsOtherThanGoodwill
|
409913 | cad |
| CY2022 | ifrs-full |
Losses On Change In Fair Value Of Derivatives
LossesOnChangeInFairValueOfDerivatives
|
-153155 | cad |
| CY2022 | fil |
Fair Value Allocated On Conversion Of Debentures
FairValueAllocatedOnConversionOfDebentures
|
-256758 | cad |
| CY2022 | fil |
Fair Value Of Derivative Liability Finders Warrants
FairValueOfDerivativeLiabilityFindersWarrants
|
1237681 | cad |
| CY2022 | ifrs-full |
Increase Decrease In Credit Derivative Fair Value
IncreaseDecreaseInCreditDerivativeFairValue
|
-950684 | cad |
| CY2022Q2 | ifrs-full |
Intangible Assets Other Than Goodwill
IntangibleAssetsOtherThanGoodwill
|
286997 | cad |
| CY2023 | fil |
Fair Value Of Derivative Liability On Date Of Issuance
FairValueOfDerivativeLiabilityOnDateOfIssuance
|
1388790 | cad |
| CY2023 | ifrs-full |
Increase Decrease In Credit Derivative Fair Value
IncreaseDecreaseInCreditDerivativeFairValue
|
92028 | cad |
| CY2023 | fil |
Fair Value Changes Of Derivative Liability Incentive Warrants
FairValueChangesOfDerivativeLiabilityIncentiveWarrants
|
-7952 | cad |
| CY2023 | fil |
Fair Value Changes Of Derivative Liability Settlement Warrants
FairValueChangesOfDerivativeLiabilitySettlementWarrants
|
162383 | cad |
| CY2023Q2 | ifrs-full |
Intangible Assets Other Than Goodwill
IntangibleAssetsOtherThanGoodwill
|
1922246 | cad |
| CY2023 | ifrs-full |
Disclosure Of Share Capital Reserves And Other Equity Interest Explanatory
DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory
|
<p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>13.</b></kbd><b>Share Capital</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;color:#000000"><i>Authorized share capital</i></p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000">The Company is authorized to issue an unlimited number of common shares without par value. </p> <p style="font:8pt stHtmlOvrFontNm;margin:0;color:#000000"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000">Common shares issued and outstanding as at June 30, 2023, 2022 and 2021 are as follows:</p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000"> </p> <table style="border-collapse:collapse;border:0.5pt solid #000000"><tr><td style="width:301.4pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0"> </p> </td><td style="width:87.25pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>Number of common shares</b></p> </td><td style="width:79.35pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>Amount</b></p> </td></tr> <tr><td style="width:301.4pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0"> </p> </td><td style="width:87.25pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>#</b></p> </td><td style="width:79.35pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>$</b></p> </td></tr> <tr><td style="background-color:#CCEEFF;width:301.4pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0"><b>Balance, June 30, 2020</b></p> </td><td style="background-color:#CCEEFF;width:87.25pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>13,008,006</b></p> </td><td style="background-color:#CCEEFF;width:79.35pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>5,745,369</b></p> </td></tr> <tr><td style="width:301.4pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Shares issued from exercise of warrants <span style="vertical-align:super">(a)</span></p> </td><td style="width:87.25pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">2,170</p> </td><td style="width:79.35pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">4,883</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:301.4pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0"><b>Balance, June 30, 2021</b></p> </td><td style="background-color:#CCEEFF;width:87.25pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>13,010,176</b></p> </td><td style="background-color:#CCEEFF;width:79.35pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>5,750,252</b></p> </td></tr> <tr><td style="width:301.4pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Shares issued on initial public offering <span style="vertical-align:super">(b)</span></p> </td><td style="width:87.25pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">3,680,000</p> </td><td style="width:79.35pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">34,988,520</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:301.4pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Shares issue costs <span style="vertical-align:super">(b)</span></p> </td><td style="background-color:#CCEEFF;width:87.25pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">-</p> </td><td style="background-color:#CCEEFF;width:79.35pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">(4,233,129)</p> </td></tr> <tr><td style="width:301.4pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Shares issued on conversion of debentures <span style="vertical-align:super">(c)</span></p> </td><td style="width:87.25pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">751,163</p> </td><td style="width:79.35pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">857,399</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:301.4pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Shares issued on vesting of restricted share units<span style="vertical-align:super"> (d)</span></p> </td><td style="background-color:#CCEEFF;width:87.25pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">240,000</p> </td><td style="background-color:#CCEEFF;width:79.35pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">1,950,645</p> </td></tr> <tr><td style="width:301.4pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Shares issued from exercise of warrants <span style="vertical-align:super">(e)</span></p> </td><td style="width:87.25pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">243,419</p> </td><td style="width:79.35pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">419,946</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:301.4pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0"><b>Balance, June 30, 2022</b></p> </td><td style="background-color:#CCEEFF;width:87.25pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>17,924,758</b></p> </td><td style="background-color:#CCEEFF;width:79.35pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>39,733,633</b></p> </td></tr> <tr><td style="width:301.4pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Shares issued on debt settlement <span style="vertical-align:super">(f)</span></p> </td><td style="width:87.25pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">240,000</p> </td><td style="width:79.35pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">800,366</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:301.4pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Shares issued from exercises of warrants <span style="vertical-align:super">(g)</span></p> </td><td style="background-color:#CCEEFF;width:87.25pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">21,052</p> </td><td style="background-color:#CCEEFF;width:79.35pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">36,774</p> </td></tr> <tr><td style="width:301.4pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0"><b>Balance, June 30, 2023</b></p> </td><td style="width:87.25pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>18,185,810</b></p> </td><td style="width:79.35pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>40,570,773</b></p> </td></tr> </table> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:6pt;color:#000000"> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:6pt;color:#000000"><i>Share capital transactions for the year ended June 30, 2021</i></p> <p style="font:10pt stHtmlOvrFontNm;margin:0;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt">(a)</kbd>During the year ended June 30, 2021, 2,170 common shares were issued as a result of the exercise of Warrants for cash proceeds of $4,883. </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;color:#000000"><i>Share capital transactions for the year ended June 30, 2022</i></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;color:#000000;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt">(b)</kbd>On November 23, 2021, the Company completed the IPO through the issuance of 3,680,000 common shares, including 480,000 common shares issued under the underwriters’ over-allotment option, at a price of $9.51 (USD $7.50) per share for gross proceeds of $34,988,520 (USD $27,600,000). In connection with the IPO, the Company granted the underwriters 184,000 Finders’ Warrants with each Finders’ Warrant exercisable into one common share of the Company at the price of USD $9.375 until November 19, 2026 (see Notes 12 and 16). In addition, the Company paid total issuance costs of $2,995,448 comprised of (i) a cash commission of $2,624,139 to the underwriters, (ii) underwriters’ fees of $304,248, and (iii) other closing expenses of $67,061. </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt">(c)</kbd>On November 23, 2021, the Company also issued 751,163 common shares for the conversion of all outstanding Debentures at a conversion price of $1.25 per common share. The total amount of $863,294 was transferred from derivative liabilities to share capital. </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt">(d)</kbd>On January 9, 2022, the Company issued 240,000 common shares as a result of the vesting of RSUs. These common shares were valued at an amount of $1,950,645. See Note 14 for more details. </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt">(e)</kbd>During the year ended June 30, 2022, 243,419 common shares were issued as a result of the exercise of Warrants for cash proceeds of $365,114. </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt"> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>13.</b></kbd><b>Share Capital (continued)</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;color:#000000"><i>Share capital transactions for the year ended June 30, 2023</i></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt">(f)</kbd>On January 25, 2023, the Company issued 240,000 common shares with a fair value of $800,366 to settle a debt (the “Shares-for-Debt Settlement”) of USD $480,000 owed by a director to a third-party, in relation to services provided by the third-party related to the requisitioning of a shareholders’ meeting, which the Company had agreed to complete the settlement on behalf of the director. As a result of the Shares-for-Debt Settlement, the Company recorded a loss on settlement of $157,501 on the consolidated statements of loss and comprehensive loss. </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt">(g)</kbd>During the year ended June 30, 2023, 21,052 common shares were also issued as a result of the exercise of Warrants for cash proceeds of $31,578. </p> | |
| CY2023 | ifrs-full |
Disclosure Of Number And Weighted Average Exercise Prices Of Share Options Explanatory
DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory
|
<p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000"> </p> <table style="border-collapse:collapse;border:0.5pt solid #000000"><tr><td style="width:301.4pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0"> </p> </td><td style="width:87.25pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>Number of common shares</b></p> </td><td style="width:79.35pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>Amount</b></p> </td></tr> <tr><td style="width:301.4pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0"> </p> </td><td style="width:87.25pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>#</b></p> </td><td style="width:79.35pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>$</b></p> </td></tr> <tr><td style="background-color:#CCEEFF;width:301.4pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0"><b>Balance, June 30, 2020</b></p> </td><td style="background-color:#CCEEFF;width:87.25pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>13,008,006</b></p> </td><td style="background-color:#CCEEFF;width:79.35pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>5,745,369</b></p> </td></tr> <tr><td style="width:301.4pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Shares issued from exercise of warrants <span style="vertical-align:super">(a)</span></p> </td><td style="width:87.25pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">2,170</p> </td><td style="width:79.35pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">4,883</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:301.4pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0"><b>Balance, June 30, 2021</b></p> </td><td style="background-color:#CCEEFF;width:87.25pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>13,010,176</b></p> </td><td style="background-color:#CCEEFF;width:79.35pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>5,750,252</b></p> </td></tr> <tr><td style="width:301.4pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Shares issued on initial public offering <span style="vertical-align:super">(b)</span></p> </td><td style="width:87.25pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">3,680,000</p> </td><td style="width:79.35pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">34,988,520</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:301.4pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Shares issue costs <span style="vertical-align:super">(b)</span></p> </td><td style="background-color:#CCEEFF;width:87.25pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">-</p> </td><td style="background-color:#CCEEFF;width:79.35pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">(4,233,129)</p> </td></tr> <tr><td style="width:301.4pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Shares issued on conversion of debentures <span style="vertical-align:super">(c)</span></p> </td><td style="width:87.25pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">751,163</p> </td><td style="width:79.35pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">857,399</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:301.4pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Shares issued on vesting of restricted share units<span style="vertical-align:super"> (d)</span></p> </td><td style="background-color:#CCEEFF;width:87.25pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">240,000</p> </td><td style="background-color:#CCEEFF;width:79.35pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">1,950,645</p> </td></tr> <tr><td style="width:301.4pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Shares issued from exercise of warrants <span style="vertical-align:super">(e)</span></p> </td><td style="width:87.25pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">243,419</p> </td><td style="width:79.35pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">419,946</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:301.4pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0"><b>Balance, June 30, 2022</b></p> </td><td style="background-color:#CCEEFF;width:87.25pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>17,924,758</b></p> </td><td style="background-color:#CCEEFF;width:79.35pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>39,733,633</b></p> </td></tr> <tr><td style="width:301.4pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Shares issued on debt settlement <span style="vertical-align:super">(f)</span></p> </td><td style="width:87.25pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">240,000</p> </td><td style="width:79.35pt;padding-left:0.5pt;padding-right:0.5pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">800,366</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:301.4pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Shares issued from exercises of warrants <span style="vertical-align:super">(g)</span></p> </td><td style="background-color:#CCEEFF;width:87.25pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">21,052</p> </td><td style="background-color:#CCEEFF;width:79.35pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">36,774</p> </td></tr> <tr><td style="width:301.4pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0"><b>Balance, June 30, 2023</b></p> </td><td style="width:87.25pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>18,185,810</b></p> </td><td style="width:79.35pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>40,570,773</b></p> </td></tr> </table> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:6pt;color:#000000"> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:6pt;color:#000000"><i>Share capital transactions for the year ended June 30, 2021</i></p> <p style="font:10pt stHtmlOvrFontNm;margin:0;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt">(a)</kbd>During the year ended June 30, 2021, 2,170 common shares were issued as a result of the exercise of Warrants for cash proceeds of $4,883. </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;color:#000000"><i>Share capital transactions for the year ended June 30, 2022</i></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;color:#000000;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt">(b)</kbd>On November 23, 2021, the Company completed the IPO through the issuance of 3,680,000 common shares, including 480,000 common shares issued under the underwriters’ over-allotment option, at a price of $9.51 (USD $7.50) per share for gross proceeds of $34,988,520 (USD $27,600,000). In connection with the IPO, the Company granted the underwriters 184,000 Finders’ Warrants with each Finders’ Warrant exercisable into one common share of the Company at the price of USD $9.375 until November 19, 2026 (see Notes 12 and 16). In addition, the Company paid total issuance costs of $2,995,448 comprised of (i) a cash commission of $2,624,139 to the underwriters, (ii) underwriters’ fees of $304,248, and (iii) other closing expenses of $67,061. </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt">(c)</kbd>On November 23, 2021, the Company also issued 751,163 common shares for the conversion of all outstanding Debentures at a conversion price of $1.25 per common share. The total amount of $863,294 was transferred from derivative liabilities to share capital. </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt">(d)</kbd>On January 9, 2022, the Company issued 240,000 common shares as a result of the vesting of RSUs. These common shares were valued at an amount of $1,950,645. See Note 14 for more details. </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt">(e)</kbd>During the year ended June 30, 2022, 243,419 common shares were issued as a result of the exercise of Warrants for cash proceeds of $365,114. </p> | |
| CY2021 | fil |
Options Cancelled And Reinstated As A Result Of The Resignation And Reincorporation Of A Director
OptionsCancelledAndReinstatedAsAResultOfTheResignationAndReincorporationOfADirector
|
160000 | shares |
| CY2021Q4 | fil |
Options Granted Shares
OptionsGrantedShares
|
1269386 | shares |
| CY2021Q4 | ifrs-full |
Exercise Price Of Outstanding Share Options2019
ExercisePriceOfOutstandingShareOptions2019
|
7.50 | |
| CY2021Q4 | ifrs-full |
Description Of Expected Volatility Share Options Granted
DescriptionOfExpectedVolatilityShareOptionsGranted
|
1 | pure |
| CY2021Q4 | ifrs-full |
Expected Dividend As Percentage Share Options Granted
ExpectedDividendAsPercentageShareOptionsGranted
|
0 | pure |
| CY2021Q4 | ifrs-full |
Description Of Risk Free Interest Rate Share Options Granted
DescriptionOfRiskFreeInterestRateShareOptionsGranted
|
0.0147 | pure |
| CY2021Q4 | ifrs-full |
Tax Rate Effect From Change In Tax Rate
TaxRateEffectFromChangeInTaxRate
|
0.20 | pure |
| CY2021Q4 | fil |
Expected Life
ExpectedLife
|
P5Y | |
| CY2021Q4 | fil |
Fair Value Attributable
FairValueAttributable
|
7167552 | cad |
| CY2021Q4 | fil |
Stockbased Compensations
StockbasedCompensations
|
848520 | cad |
| CY2022Q2 | fil |
Stockbased Compensations
StockbasedCompensations
|
168897 | cad |
| CY2021 | ifrs-full |
Basic Earnings Loss Per Share
BasicEarningsLossPerShare
|
-0.04 | |
| CY2023 | ifrs-full |
Disclosure Of Related Party Explanatory
DisclosureOfRelatedPartyExplanatory
|
<p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>18.</b></kbd><b>Related Party Transactions</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify">In accordance with IAS 24 – Related Party Disclosures, key management personnel, including companies controlled by them, are those persons having authority and responsibility for planning, directing and controlling the activities of the Company directly or indirectly, including any directors (executive and non-executive) of the Company. The remuneration of directors and key executives is determined by the compensation committee of the Board.</p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;color:#000000;text-align:justify">The remuneration of directors and other members of key management personnel during the years ended June 30, 2023, 2022 and 2021 were as follows:</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;color:#000000;text-align:justify"> </p> <table style="border-collapse:collapse;width:100%"><tr><td style="width:56.46%;border-bottom:0.5pt solid #000000" valign="bottom"></td><td style="width:14.52%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>2023</b></p> </td><td style="width:14.52%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">2022</p> </td><td style="width:14.52%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">2021</p> </td></tr> <tr><td style="width:56.46%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;margin-left:28.35pt"> </p> </td><td style="width:14.52%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>$</b></p> </td><td style="width:14.52%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">$</p> </td><td style="width:14.52%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">$</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:56.46%" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-indent:-0.75pt"><span style="font-size:10pt">Directors’ and officers’ consulting fees</span></p> </td><td style="background-color:#CCEEFF;width:14.52%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>951,347</b></p> </td><td style="background-color:#CCEEFF;width:14.52%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">687,585</p> </td><td style="background-color:#CCEEFF;width:14.52%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">200,858</p> </td></tr> <tr><td style="width:56.46%" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-indent:-0.75pt"><span style="font-size:10pt">Cash payment</span></p> </td><td style="width:14.52%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>334,738</b></p> </td><td style="width:14.52%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">-</p> </td><td style="width:14.52%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">-</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:56.46%" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-indent:-0.75pt"><span style="font-size:10pt">Exploration and evaluation expenditures</span></p> </td><td style="background-color:#CCEEFF;width:14.52%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>415,325</b></p> </td><td style="background-color:#CCEEFF;width:14.52%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">220,765</p> </td><td style="background-color:#CCEEFF;width:14.52%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">48,000</p> </td></tr> <tr><td style="width:56.46%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-indent:-0.75pt"><span style="font-size:10pt">Addendum payments</span></p> </td><td style="width:14.52%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>2,554,830</b></p> </td><td style="width:14.52%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">-</p> </td><td style="width:14.52%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">-</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:56.46%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"></td><td style="background-color:#CCEEFF;width:14.52%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>4,256,240</b></p> </td><td style="background-color:#CCEEFF;width:14.52%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">908,350</p> </td><td style="background-color:#CCEEFF;width:14.52%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">248,858</p> </td></tr> </table> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify"><i>Directors’ and officers’ consulting fees</i></p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify">During the year ended June 30, 2023, fees of $492,377 (2022 – $585,615; 2021 – $200,858) included in directors’ and officers’ consulting fees had been paid to companies controlled by all former and current officers of the Company.</p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify"><i>Cash payment</i></p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify">During the year ended June 30, 2023, a payment of USD $250,000 ($334,738) (2022 and 2021 – $nil) had been paid to a director of the Company.</p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify"><i>Exploration and evaluation expenditures</i></p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify">During the year ended June 30, 2023, fees of $415,325 (2022 – –$220,765; 2021 – $48,000) for services rendered by the Company’s former VP of Resources Development, and the VP of Exploration, had been capitalized as E&E assets on the consolidated statements of financial position.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt"> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>18.</b></kbd><b>Related Party Transactions (continued)</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt"><i>Addendum payments</i></p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify">On November 1, 2022, the Company purported to amend the consulting agreements with the entities controlled by the former Chief Executive Officer and the former Chief Operating Officer of Snow Lake, with an addendum which amended the termination clause of their respective agreements. As a result of the addendum, the Company recorded fees of $1,672,988 (USD $1,224,040) and $881,842 (USD $648,020), respectively, which are included in directors’ and officers’ consulting fees during the year ended June 30, 2023. On December 5, 2022, payout was made to the respective entities controlled by the former CEO and COO.</p> <p style="font:8pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify">As of June 30, 2023, the Company has made a claim against these former officers (see Note 23 for more details).</p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify"><i>Share-based compensation</i></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">During the year ended June 30, 2023, the Company had granted certain RSUs and options to various directors and officers. Total stock-based compensation of $2,337,172 (2022 – $8,035,506; 2021 – nil) was recorded in connection with the vesting of these securities.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt"><i>Other related party transactions</i></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">On January 25, 2023, the Company issued 240,000 common shares from the Shares-for-Debt Settlement as disclosed in Note 13(f). As a result of the Shares-for-Debt Settlement, the Company recorded a loss on settlement of $157,502 on the consolidated statements of loss and comprehensive loss.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt"><i>Related party balances</i></p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000">All related party balances payable, for services and business expense reimbursements rendered as at June 30, 2023, 2022 and 2021, are non-interest bearing and payable on demand, and are comprised of the following:</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;color:#000000;text-align:justify"> </p> <table style="border-collapse:collapse;width:100%"><tr><td style="width:56.46%;border-bottom:0.5pt solid #000000" valign="bottom"></td><td style="width:14.52%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt"><b>2023</b></span></p> </td><td style="width:14.52%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">2022</span></p> </td><td style="width:14.52%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">2021</span></p> </td></tr> <tr><td style="width:56.46%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;margin-left:28.35pt"> </p> </td><td style="width:14.52%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>$</b></p> </td><td style="width:14.52%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">$</p> </td><td style="width:14.52%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">$</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:56.46%" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-indent:-0.75pt"><span style="font-size:10pt">Payable to officers and directors</span></p> </td><td style="background-color:#CCEEFF;width:14.52%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>86,616</b></p> </td><td style="background-color:#CCEEFF;width:14.52%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">110,274</p> </td><td style="background-color:#CCEEFF;width:14.52%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">236,402</p> </td></tr> <tr><td style="width:56.46%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-indent:-0.75pt"><span style="font-size:10pt">(Receivable) payable to Nova Minerals Ltd.</span></p> </td><td style="width:14.52%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>(10,287)</b></p> </td><td style="width:14.52%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">(10,287)</p> </td><td style="width:14.52%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">43,240</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:56.46%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"></td><td style="background-color:#CCEEFF;width:14.52%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>76,329</b></p> </td><td style="background-color:#CCEEFF;width:14.52%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">99,987</p> </td><td style="background-color:#CCEEFF;width:14.52%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">279,642</p> </td></tr> </table> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt"> </p> | |
| CY2023 | fil |
Description Of Warrant Issuances
DescriptionOfWarrantIssuances
|
the Company issued 346,108 Warrants to subscribers of the Debentures. Debenture holders were eligible to receive such number of Warrants equal to half of the number of common shares issuable upon conversion of the Debentures at the conversion price of $1.25. Each Warrant is exercisable into one common share at an exercise price of $1.50 per Warrant until the earlier of (i) 60 months from the grant date or (ii) 24 months from the Company completing a listing on a Canadian stock exchange. These Warrants were valued at $90,769, recorded to the warrants reserve after allocating, on a pro-rata basis, the $362,411 residual value of the Debentures between the debt and warrants components after the initial allocation of $442,589 of the $805,000 net proceeds received to the conversion feature. | |
| CY2023 | fil |
Debenture Transaction Costs
DebentureTransactionCosts
|
2025 | cad |
| CY2022 | ifrs-full |
Proceeds From Exercise Of Warrants
ProceedsFromExerciseOfWarrants
|
9.375 | usd |
| CY2023 | ifrs-full |
Disclosure Of Range Of Exercise Prices Of Outstanding Share Options Explanatory
DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsExplanatory
|
<p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt"> </p> <table style="border-collapse:collapse;border:0.5pt solid #000000"><tr><td style="width:216.65pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0"><b>Date of expiry</b></p> </td><td style="width:77.35pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>Number of </b></p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>warrants outstanding</b></p> </td><td style="width:77.3pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>Exercise price</b></p> </td><td style="width:96.7pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>Weighted average remaining contractual life</b></p> </td></tr> <tr><td style="width:216.65pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0"> </p> </td><td style="width:77.35pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>#</b></p> </td><td style="width:77.3pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>$</b></p> </td><td style="width:96.7pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>Years</b></p> </td></tr> <tr><td style="background-color:#CCEEFF;width:216.65pt;padding-left:0.5pt;padding-right:0.5pt" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0">November 19, 2023</p> </td><td style="background-color:#CCEEFF;width:77.35pt;padding-left:0.5pt;padding-right:0.5pt" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">32,000</p> </td><td style="background-color:#CCEEFF;width:77.3pt;padding-left:0.5pt;padding-right:0.5pt" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">1.25</p> </td><td style="background-color:#CCEEFF;width:96.7pt;padding-left:0.5pt;padding-right:0.5pt" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">0.39</p> </td></tr> <tr><td style="width:216.65pt;padding-left:0.5pt;padding-right:0.5pt" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0">November 19, 2023</p> </td><td style="width:77.35pt;padding-left:0.5pt;padding-right:0.5pt" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">512,627</p> </td><td style="width:77.3pt;padding-left:0.5pt;padding-right:0.5pt" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">1.50</p> </td><td style="width:96.7pt;padding-left:0.5pt;padding-right:0.5pt" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">0.39</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:216.65pt;padding-left:0.5pt;padding-right:0.5pt" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0">November 19, 2023</p> </td><td style="background-color:#CCEEFF;width:77.35pt;padding-left:0.5pt;padding-right:0.5pt" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">71,427</p> </td><td style="background-color:#CCEEFF;width:77.3pt;padding-left:0.5pt;padding-right:0.5pt" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">2.25</p> </td><td style="background-color:#CCEEFF;width:96.7pt;padding-left:0.5pt;padding-right:0.5pt" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">0.39</p> </td></tr> <tr><td style="width:216.65pt;padding-left:0.5pt;padding-right:0.5pt" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0">February 17, 2025</p> </td><td style="width:77.35pt;padding-left:0.5pt;padding-right:0.5pt" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">75,000</p> </td><td style="width:77.3pt;padding-left:0.5pt;padding-right:0.5pt" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">USD 3.00</p> </td><td style="width:96.7pt;padding-left:0.5pt;padding-right:0.5pt" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">1.64</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:216.65pt;padding-left:0.5pt;padding-right:0.5pt" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0">February 17, 2025</p> </td><td style="background-color:#CCEEFF;width:77.35pt;padding-left:0.5pt;padding-right:0.5pt" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">75,000</p> </td><td style="background-color:#CCEEFF;width:77.3pt;padding-left:0.5pt;padding-right:0.5pt" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">USD 4.00</p> </td><td style="background-color:#CCEEFF;width:96.7pt;padding-left:0.5pt;padding-right:0.5pt" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">1.64</p> </td></tr> <tr><td style="width:216.65pt;padding-left:0.5pt;padding-right:0.5pt" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0">February 17, 2025</p> </td><td style="width:77.35pt;padding-left:0.5pt;padding-right:0.5pt" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">75,000</p> </td><td style="width:77.3pt;padding-left:0.5pt;padding-right:0.5pt" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">USD 5.00</p> </td><td style="width:96.7pt;padding-left:0.5pt;padding-right:0.5pt" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">1.64</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:216.65pt;padding-left:0.5pt;padding-right:0.5pt" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0">March 31, 2026</p> </td><td style="background-color:#CCEEFF;width:77.35pt;padding-left:0.5pt;padding-right:0.5pt" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">500,000</p> </td><td style="background-color:#CCEEFF;width:77.3pt;padding-left:0.5pt;padding-right:0.5pt" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">USD 2.50</p> </td><td style="background-color:#CCEEFF;width:96.7pt;padding-left:0.5pt;padding-right:0.5pt" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">2.75</p> </td></tr> <tr><td style="width:216.65pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0">November 19, 2026</p> </td><td style="width:77.35pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">184,000</p> </td><td style="width:77.3pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">USD 9.375</p> </td><td style="width:96.7pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">3.40</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:216.65pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0"> </p> </td><td style="background-color:#CCEEFF;width:77.35pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>1,525,054</b></p> </td><td style="background-color:#CCEEFF;width:77.3pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>4.00</b></p> </td><td style="background-color:#CCEEFF;width:96.7pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>1.71</b></p> </td></tr> </table> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt"> </p> | |
| CY2023 | ifrs-full |
Disclosure Of Earnings Per Share Explanatory
DisclosureOfEarningsPerShareExplanatory
|
<p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>17.</b></kbd><b>Basic and Diluted Loss per Share</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify">The calculations of basic and diluted loss per share for the year ended June 30, 2023 were based on the net loss of $15,377,601 (2022 – net loss of $9,446,454; 2021 – net loss of $552,436) and the weighted average number of basic and diluted common shares outstanding of 18,033,851 (2022 – 15,884,041; 2021 – 13,008,669).</p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify">The details of the computation of basic and diluted loss per share are as follows:</p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify"> </p> <table style="border-collapse:collapse;width:100%"><tr><td style="width:56.46%;border-bottom:0.5pt solid #000000" valign="bottom"></td><td style="width:14.52%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>2023</b></p> </td><td style="width:14.52%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">2022</p> </td><td style="width:14.5%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">2021</p> </td></tr> <tr><td style="width:56.46%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0"> </p> </td><td style="width:14.52%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>$</b></p> </td><td style="width:14.52%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">$</p> </td><td style="width:14.5%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">$</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:56.46%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0"><b>Net Loss </b></p> </td><td style="background-color:#CCEEFF;width:14.52%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>(15,377,601)</b></p> </td><td style="background-color:#CCEEFF;width:14.52%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">(9,446,454)</p> </td><td style="background-color:#CCEEFF;width:14.5%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">(552,436)</p> </td></tr> <tr><td style="width:56.46%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0"> </p> </td><td style="width:14.52%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>#</b></p> </td><td style="width:14.52%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">#</p> </td><td style="width:14.5%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">#</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:56.46%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Basic weighted-average number of shares outstanding</p> </td><td style="background-color:#CCEEFF;width:14.52%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>18,033,851</b></p> </td><td style="background-color:#CCEEFF;width:14.52%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">15,884,041</p> </td><td style="background-color:#CCEEFF;width:14.5%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">13,008,669</p> </td></tr> <tr><td style="width:56.46%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Assumed conversion of dilutive stock options and warrants</p> </td><td style="width:14.52%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>-</b></p> </td><td style="width:14.52%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">-</p> </td><td style="width:14.5%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">-</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:56.46%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Diluted weighted-average number of shares outstanding</p> </td><td style="background-color:#CCEEFF;width:14.52%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>18,033,851</b></p> </td><td style="background-color:#CCEEFF;width:14.52%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">15,884,041</p> </td><td style="background-color:#CCEEFF;width:14.5%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">13,008,669</p> </td></tr> <tr><td style="width:56.46%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0"> </p> </td><td style="width:14.52%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>$</b></p> </td><td style="width:14.52%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">$</p> </td><td style="width:14.5%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">$</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:56.46%;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0"><b>Basic and diluted loss per share</b></p> </td><td style="background-color:#CCEEFF;width:14.52%;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>(0.85)</b></p> </td><td style="background-color:#CCEEFF;width:14.52%;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">(0.60)</p> </td><td style="background-color:#CCEEFF;width:14.5%;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">(0.04)</p> </td></tr> </table> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt"> </p> | |
| CY2023 | ifrs-full |
Profit Loss Attributable To Owners Of Parent
ProfitLossAttributableToOwnersOfParent
|
15377601 | cad |
| CY2022 | ifrs-full |
Profit Loss Attributable To Owners Of Parent
ProfitLossAttributableToOwnersOfParent
|
9446454 | cad |
| CY2021 | ifrs-full |
Profit Loss Attributable To Owners Of Parent
ProfitLossAttributableToOwnersOfParent
|
552436 | cad |
| CY2023 | ifrs-full |
Adjusted Weighted Average Shares
AdjustedWeightedAverageShares
|
18033851 | shares |
| CY2022 | ifrs-full |
Adjusted Weighted Average Shares
AdjustedWeightedAverageShares
|
15884041 | shares |
| CY2021 | ifrs-full |
Adjusted Weighted Average Shares
AdjustedWeightedAverageShares
|
13008669 | shares |
| CY2023 | ifrs-full |
Earnings Per Share Explanatory
EarningsPerShareExplanatory
|
<p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify"> </p> <table style="border-collapse:collapse;width:100%"><tr><td style="width:56.46%;border-bottom:0.5pt solid #000000" valign="bottom"></td><td style="width:14.52%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>2023</b></p> </td><td style="width:14.52%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">2022</p> </td><td style="width:14.5%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">2021</p> </td></tr> <tr><td style="width:56.46%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0"> </p> </td><td style="width:14.52%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>$</b></p> </td><td style="width:14.52%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">$</p> </td><td style="width:14.5%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">$</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:56.46%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0"><b>Net Loss </b></p> </td><td style="background-color:#CCEEFF;width:14.52%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>(15,377,601)</b></p> </td><td style="background-color:#CCEEFF;width:14.52%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">(9,446,454)</p> </td><td style="background-color:#CCEEFF;width:14.5%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">(552,436)</p> </td></tr> <tr><td style="width:56.46%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0"> </p> </td><td style="width:14.52%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>#</b></p> </td><td style="width:14.52%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">#</p> </td><td style="width:14.5%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">#</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:56.46%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Basic weighted-average number of shares outstanding</p> </td><td style="background-color:#CCEEFF;width:14.52%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>18,033,851</b></p> </td><td style="background-color:#CCEEFF;width:14.52%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">15,884,041</p> </td><td style="background-color:#CCEEFF;width:14.5%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">13,008,669</p> </td></tr> <tr><td style="width:56.46%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Assumed conversion of dilutive stock options and warrants</p> </td><td style="width:14.52%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>-</b></p> </td><td style="width:14.52%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">-</p> </td><td style="width:14.5%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">-</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:56.46%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0">Diluted weighted-average number of shares outstanding</p> </td><td style="background-color:#CCEEFF;width:14.52%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>18,033,851</b></p> </td><td style="background-color:#CCEEFF;width:14.52%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">15,884,041</p> </td><td style="background-color:#CCEEFF;width:14.5%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">13,008,669</p> </td></tr> <tr><td style="width:56.46%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0"> </p> </td><td style="width:14.52%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>$</b></p> </td><td style="width:14.52%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">$</p> </td><td style="width:14.5%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">$</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:56.46%;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0"><b>Basic and diluted loss per share</b></p> </td><td style="background-color:#CCEEFF;width:14.52%;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>(0.85)</b></p> </td><td style="background-color:#CCEEFF;width:14.52%;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">(0.60)</p> </td><td style="background-color:#CCEEFF;width:14.5%;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right">(0.04)</p> </td></tr> </table> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt"> </p> | |
| CY2023 | ifrs-full |
Other Adjustments To Reconcile Profit Loss
OtherAdjustmentsToReconcileProfitLoss
|
-15377601 | cad |
| CY2022 | ifrs-full |
Other Adjustments To Reconcile Profit Loss
OtherAdjustmentsToReconcileProfitLoss
|
-9446454 | cad |
| CY2021 | ifrs-full |
Other Adjustments To Reconcile Profit Loss
OtherAdjustmentsToReconcileProfitLoss
|
-552436 | cad |
| CY2023 | ifrs-full |
Weighted Average Shares
WeightedAverageShares
|
18033851 | shares |
| CY2022 | ifrs-full |
Weighted Average Shares
WeightedAverageShares
|
15884041 | shares |
| CY2021 | ifrs-full |
Weighted Average Shares
WeightedAverageShares
|
13008669 | shares |
| CY2023 | ifrs-full |
Dilutive Effect Of Share Options On Number Of Ordinary Shares
DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares
|
0 | shares |
| CY2022 | ifrs-full |
Dilutive Effect Of Share Options On Number Of Ordinary Shares
DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares
|
0 | shares |
| CY2021 | ifrs-full |
Dilutive Effect Of Share Options On Number Of Ordinary Shares
DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares
|
0 | shares |
| CY2023 | ifrs-full |
Adjusted Weighted Average Shares
AdjustedWeightedAverageShares
|
18033851 | shares |
| CY2022 | ifrs-full |
Adjusted Weighted Average Shares
AdjustedWeightedAverageShares
|
15884041 | shares |
| CY2021 | ifrs-full |
Adjusted Weighted Average Shares
AdjustedWeightedAverageShares
|
13008669 | shares |
| CY2023 | ifrs-full |
Basic Earnings Loss Per Share
BasicEarningsLossPerShare
|
-0.85 | |
| CY2022 | ifrs-full |
Basic Earnings Loss Per Share
BasicEarningsLossPerShare
|
-0.60 | |
| CY2023 | fil |
Directors Officers Consulting Fee
DirectorsOfficersConsultingFee
|
951347 | cad |
| CY2022 | fil |
Directors Officers Consulting Fee
DirectorsOfficersConsultingFee
|
687585 | cad |
| CY2021 | fil |
Directors Officers Consulting Fee
DirectorsOfficersConsultingFee
|
200858 | cad |
| CY2023 | fil |
Cash Payment Related Party
CashPaymentRelatedParty
|
334738 | cad |
| CY2022 | fil |
Cash Payment Related Party
CashPaymentRelatedParty
|
0 | cad |
| CY2021 | fil |
Cash Payment Related Party
CashPaymentRelatedParty
|
0 | cad |
| CY2023 | fil |
Exploration And Evaluation Expenditure
ExplorationAndEvaluationExpenditure
|
415325 | cad |
| CY2022 | fil |
Exploration And Evaluation Expenditure
ExplorationAndEvaluationExpenditure
|
220765 | cad |
| CY2021 | fil |
Exploration And Evaluation Expenditure
ExplorationAndEvaluationExpenditure
|
48000 | cad |
| CY2023 | fil |
Addendum Payments Related Party
AddendumPaymentsRelatedParty
|
2554830 | cad |
| CY2022 | fil |
Addendum Payments Related Party
AddendumPaymentsRelatedParty
|
0 | cad |
| CY2021 | fil |
Addendum Payments Related Party
AddendumPaymentsRelatedParty
|
0 | cad |
| CY2023 | us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
4256240 | cad |
| CY2022 | us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
908350 | cad |
| CY2021 | us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
248858 | cad |
| CY2023 | ifrs-full |
Revenue From Rendering Of Information Technology Consulting Services
RevenueFromRenderingOfInformationTechnologyConsultingServices
|
492377 | cad |
| CY2022 | ifrs-full |
Revenue From Rendering Of Information Technology Consulting Services
RevenueFromRenderingOfInformationTechnologyConsultingServices
|
585615 | cad |
| CY2021 | ifrs-full |
Revenue From Rendering Of Information Technology Consulting Services
RevenueFromRenderingOfInformationTechnologyConsultingServices
|
200858 | cad |
| CY2023 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
250000 | usd |
| CY2022 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
334738 | usd |
| CY2021 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
0 | usd |
| CY2023Q2 | ifrs-full |
Tangible Exploration And Evaluation Assets
TangibleExplorationAndEvaluationAssets
|
415325 | cad |
| CY2022Q2 | ifrs-full |
Tangible Exploration And Evaluation Assets
TangibleExplorationAndEvaluationAssets
|
220765 | cad |
| CY2021Q2 | ifrs-full |
Tangible Exploration And Evaluation Assets
TangibleExplorationAndEvaluationAssets
|
48000 | cad |
| CY2023 | fil |
Addendum Payments Fees
AddendumPaymentsFees
|
1672988 | cad |
| CY2023 | fil |
Addendum Payments Fees Usd
AddendumPaymentsFeesUsd
|
1224040 | usd |
| CY2022 | fil |
Addendum Payments Fees
AddendumPaymentsFees
|
881842 | cad |
| CY2022 | fil |
Addendum Payments Fees Usd
AddendumPaymentsFeesUsd
|
648020 | usd |
| CY2023 | fil |
Stock Based Compensations
StockBasedCompensations
|
2337172 | cad |
| CY2022 | fil |
Stock Based Compensations
StockBasedCompensations
|
8035506 | cad |
| CY2021 | fil |
Stock Based Compensations
StockBasedCompensations
|
0 | cad |
| CY2023 | fil |
Loss On Shares For Debt Settlement
LossOnSharesForDebtSettlement
|
157502 | cad |
| CY2023 | fil |
Payable To Nova Minerals Ltd
PayableToNovaMineralsLtd
|
86616 | cad |
| CY2022 | fil |
Payable To Nova Minerals Ltd
PayableToNovaMineralsLtd
|
110274 | cad |
| CY2021 | fil |
Payable To Nova Minerals Ltd
PayableToNovaMineralsLtd
|
236402 | cad |
| CY2023 | fil |
Receivable Payable To Nova Minerals Ltd
ReceivablePayableToNovaMineralsLtd
|
-10287 | cad |
| CY2022 | fil |
Receivable Payable To Nova Minerals Ltd
ReceivablePayableToNovaMineralsLtd
|
-10287 | cad |
| CY2021 | fil |
Receivable Payable To Nova Minerals Ltd
ReceivablePayableToNovaMineralsLtd
|
43240 | cad |
| CY2023Q2 | ifrs-full |
Amounts Payable Related Party Transactions
AmountsPayableRelatedPartyTransactions
|
76329 | cad |
| CY2022Q2 | ifrs-full |
Amounts Payable Related Party Transactions
AmountsPayableRelatedPartyTransactions
|
99987 | cad |
| CY2021Q2 | ifrs-full |
Amounts Payable Related Party Transactions
AmountsPayableRelatedPartyTransactions
|
279642 | cad |
| CY2023 | ifrs-full |
Disclosure Of Income Tax Explanatory
DisclosureOfIncomeTaxExplanatory
|
<p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>19.</b></kbd><b>Income Taxes</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify">The reconciliation of the combined Canadian federal and provincial statutory income tax rate of 27% (2022 – 27%) to the effective tax rate is as follows:</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify"> </p> <table style="border-collapse:collapse;width:100%"><tr><td style="width:56.64%;border-bottom:0.5pt solid #000000" valign="bottom"></td><td style="width:14.4%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right"><b>2023</b></p> </td><td style="width:14.7%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right">2022</p> </td><td style="width:14.26%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-17.85pt;margin-left:17.85pt;text-align:right">2021</p> </td></tr> <tr><td style="width:56.64%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt"> </p> </td><td style="width:14.4%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right"><b>$</b></p> </td><td style="width:14.7%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right"> $</p> </td><td style="width:14.26%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-17.85pt;margin-left:17.85pt;text-align:right"> $</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:56.64%" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0"><span style="font-size:10pt">Net loss before income tax</span></p> </td><td style="background-color:#CCEEFF;width:14.4%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-17.85pt;margin-left:17.85pt;text-align:right"><b>(15,377,601)</b></p> </td><td style="background-color:#CCEEFF;width:14.7%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-17.85pt;margin-left:17.85pt;text-align:right">(9,446,454)</p> </td><td style="background-color:#CCEEFF;width:14.26%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-17.85pt;margin-left:17.85pt;text-align:right">(552,436)</p> </td></tr> <tr><td style="width:56.64%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0"><span style="font-size:10pt">Combined federal and provincial statutory income tax rates</span></p> </td><td style="width:14.4%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right"><b>27%</b></p> </td><td style="width:14.7%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right">27%</p> </td><td style="width:14.26%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right">27%</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:56.64%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0"><span style="font-size:10pt">Expected income tax recovery at statutory rates</span></p> </td><td style="background-color:#CCEEFF;width:14.4%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right"><b>4,151,952</b></p> </td><td style="background-color:#CCEEFF;width:14.7%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right">2,550,543</p> </td><td style="background-color:#CCEEFF;width:14.26%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right">149,158</p> </td></tr> <tr><td style="width:56.64%" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0"><span style="font-size:10pt">Non-deductible differences</span></p> </td><td style="width:14.4%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right"><b>(202,429)</b></p> </td><td style="width:14.7%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right">(1,102,753)</p> </td><td style="width:14.26%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-17.85pt;margin-left:17.85pt;text-align:right">(7,310)</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:56.64%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0"><span style="font-size:10pt">Change in unrecognized deductible temporary differences</span></p> </td><td style="background-color:#CCEEFF;width:14.4%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right"><b>(3,949,523)</b></p> </td><td style="background-color:#CCEEFF;width:14.7%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right">(1,447,790)</p> </td><td style="background-color:#CCEEFF;width:14.26%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-17.85pt;margin-left:17.85pt;text-align:right">(141,848)</p> </td></tr> <tr><td style="width:56.64%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt"><span style="font-size:10pt"><b>Total income tax recovery</b></span></p> </td><td style="width:14.4%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right"><b>-</b></p> </td><td style="width:14.7%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right">-</p> </td><td style="width:14.26%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right">-</p> </td></tr> </table> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt"> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>19.</b></kbd><b>Income Taxes (continued)</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify"><i>Unrecognized deductible temporary differences</i></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:6pt;text-align:justify">The income tax benefit of the following deductible temporary differences has not been recorded in these financial statements because of the uncertainly of their recovery:</p> <table style="border-collapse:collapse;width:100%"><tr><td style="width:56.64%;border-bottom:0.5pt solid #000000" valign="bottom"></td><td style="width:14.34%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right"><b>2023</b></p> </td><td style="width:14.7%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right">2022</p> </td><td style="width:14.32%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right">2021</p> </td></tr> <tr><td style="width:56.64%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt"> </p> </td><td style="width:14.34%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right"><b>$</b></p> </td><td style="width:14.7%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right"> $</p> </td><td style="width:14.32%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right"> $</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:56.64%" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0"><span style="font-size:10pt">Non-capital losses carried forward</span></p> </td><td style="background-color:#CCEEFF;width:14.34%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right"><b>5,226,507</b></p> </td><td style="background-color:#CCEEFF;width:14.7%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right">1,110,151</p> </td><td style="background-color:#CCEEFF;width:14.32%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-17.85pt;margin-left:17.85pt;text-align:right">300,805</p> </td></tr> <tr><td style="width:56.64%" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0"><span style="font-size:10pt">Exploration and evaluation assets</span></p> </td><td style="width:14.34%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right"><b>(100,081)</b></p> </td><td style="width:14.7%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right">(100,058)</p> </td><td style="width:14.32%" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right">(109,447)</p> </td></tr> <tr><td style="background-color:#CCEEFF;width:56.64%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0"><span style="font-size:10pt">Other items</span></p> </td><td style="background-color:#CCEEFF;width:14.34%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right"><b>493,493</b></p> </td><td style="background-color:#CCEEFF;width:14.7%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right">660,396</p> </td><td style="background-color:#CCEEFF;width:14.32%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-17.85pt;margin-left:17.85pt;text-align:right">15,278</p> </td></tr> <tr><td style="width:56.64%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"></td><td style="width:14.34%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right"><b>5,619,919</b></p> </td><td style="width:14.7%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt;text-align:right">1,670,489</p> </td><td style="width:14.32%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-17.85pt;margin-left:17.85pt;text-align:right">206,636</p> </td></tr> </table> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt"><i>Non-capital losses carried forward</i></p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify">The Company has non-capital tax losses available to reduce taxes in future years of approximately $19,357,000 (2022 – $4,112,000; 2021 – $1,114,000). These losses have expiry dates between 2038 and 2042. </p> <p style="font:8pt stHtmlOvrFontNm;margin:0;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">Tax attributes are subject to review, and potential adjustment, by tax authorities.</p> | |
| CY2023 | ifrs-full |
Profit Loss Before Tax
ProfitLossBeforeTax
|
-15377601 | cad |
| CY2022 | ifrs-full |
Profit Loss Before Tax
ProfitLossBeforeTax
|
-9446454 | cad |
| CY2021 | ifrs-full |
Profit Loss Before Tax
ProfitLossBeforeTax
|
-552436 | cad |
| CY2023 | ifrs-full |
Average Effective Tax Rate
AverageEffectiveTaxRate
|
0.27 | pure |
| CY2022 | ifrs-full |
Average Effective Tax Rate
AverageEffectiveTaxRate
|
0.27 | pure |
| CY2021 | ifrs-full |
Average Effective Tax Rate
AverageEffectiveTaxRate
|
0.27 | pure |
| CY2023 | ifrs-full |
Tax Effect From Change In Tax Rate
TaxEffectFromChangeInTaxRate
|
4151952 | cad |
| CY2022 | ifrs-full |
Tax Effect From Change In Tax Rate
TaxEffectFromChangeInTaxRate
|
2550543 | cad |
| CY2021 | ifrs-full |
Tax Effect From Change In Tax Rate
TaxEffectFromChangeInTaxRate
|
149158 | cad |
| CY2023 | ifrs-full |
Tax Effect Of Expense Not Deductible In Determining Taxable Profit Tax Loss
TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss
|
-202429 | cad |
| CY2022 | ifrs-full |
Tax Effect Of Expense Not Deductible In Determining Taxable Profit Tax Loss
TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss
|
-1102753 | cad |
| CY2021 | ifrs-full |
Tax Effect Of Expense Not Deductible In Determining Taxable Profit Tax Loss
TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss
|
-7310 | cad |
| CY2023 | ifrs-full |
Other Tax Effects For Reconciliation Between Accounting Profit And Tax Expense Income
OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome
|
-3949523 | cad |
| CY2022 | ifrs-full |
Other Tax Effects For Reconciliation Between Accounting Profit And Tax Expense Income
OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome
|
-1447790 | cad |
| CY2021 | ifrs-full |
Other Tax Effects For Reconciliation Between Accounting Profit And Tax Expense Income
OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome
|
-141848 | cad |
| CY2023 | ifrs-full |
Deferred Tax Expense Income
DeferredTaxExpenseIncome
|
0 | cad |
| CY2022 | ifrs-full |
Deferred Tax Expense Income
DeferredTaxExpenseIncome
|
0 | cad |
| CY2021 | ifrs-full |
Deferred Tax Expense Income
DeferredTaxExpenseIncome
|
0 | cad |
| CY2023 | ifrs-full |
Deferred Tax Expense Income Relating To Origination And Reversal Of Temporary Differences
DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences
|
5226507 | cad |
| CY2022 | ifrs-full |
Deferred Tax Expense Income Relating To Origination And Reversal Of Temporary Differences
DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences
|
1110151 | cad |
| CY2021 | ifrs-full |
Deferred Tax Expense Income Relating To Origination And Reversal Of Temporary Differences
DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences
|
300805 | cad |
| CY2023 | ifrs-full |
Payments For Exploration And Evaluation Expenses
PaymentsForExplorationAndEvaluationExpenses
|
-100081 | cad |
| CY2022 | ifrs-full |
Payments For Exploration And Evaluation Expenses
PaymentsForExplorationAndEvaluationExpenses
|
-100058 | cad |
| CY2021 | ifrs-full |
Payments For Exploration And Evaluation Expenses
PaymentsForExplorationAndEvaluationExpenses
|
-109447 | cad |
| CY2023 | ifrs-full |
Other Components Of Deferred Tax Expense Income
OtherComponentsOfDeferredTaxExpenseIncome
|
493493 | cad |
| CY2022 | ifrs-full |
Other Components Of Deferred Tax Expense Income
OtherComponentsOfDeferredTaxExpenseIncome
|
660396 | cad |
| CY2021 | ifrs-full |
Other Components Of Deferred Tax Expense Income
OtherComponentsOfDeferredTaxExpenseIncome
|
15278 | cad |
| CY2023 | ifrs-full |
Other Comprehensive Income Before Tax
OtherComprehensiveIncomeBeforeTax
|
5619919 | cad |
| CY2022 | ifrs-full |
Other Comprehensive Income Before Tax
OtherComprehensiveIncomeBeforeTax
|
1670489 | cad |
| CY2021 | ifrs-full |
Other Comprehensive Income Before Tax
OtherComprehensiveIncomeBeforeTax
|
206636 | cad |
| CY2023 | ifrs-full |
Tax Effect Of Tax Losses
TaxEffectOfTaxLosses
|
19357000 | cad |
| CY2022 | ifrs-full |
Tax Effect Of Tax Losses
TaxEffectOfTaxLosses
|
4112000 | cad |
| CY2021 | ifrs-full |
Tax Effect Of Tax Losses
TaxEffectOfTaxLosses
|
1114000 | cad |
| CY2023 | ifrs-full |
Disclosure Of Financial Risk Management Explanatory
DisclosureOfFinancialRiskManagementExplanatory
|
<p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>21.</b></kbd><b>Financial Risks</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">The Company is exposed to various risks as it relates to financial instruments. Management, in conjunction with the Board, mitigates these risks by assessing, monitoring and approving the Company’s risk management process. There have not been any changes in the nature of these risks or the process of managing these risks from the previous reporting periods.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify"><i>Credit risk</i></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">Credit risk is the risk of loss associated with a counterparty’s inability to fulfill its payment obligations. The Company’s credit risk is primarily attributable to cash, other receivable (excluding sales tax receivable), and due from related party, which expose the Company to credit risk should the borrower default on maturity of the instruments. Cash is held with reputable chartered bank in Canada, which is closely monitored by management. Management believes that the credit risk concentration with respect to financial instruments included in cash, other receivables, and due from related party is minimal.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify"><i>Liquidity risk</i></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">Liquidity risk is the risk that the Company will not have sufficient cash resources to meet its financial obligations as they come due. The Company’s liquidity and operating results may be adversely affected if the Company’s access to the capital market is hindered, whether as a result of a downturn in stock market conditions generally or related to matters specific to the Company. The Company generates cash flow primarily from its financing and investing activities.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>21.</b></kbd><b>Financial Risks (continued)</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify"><i>Liquidity risk (continued)</i></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">As at June 30, 2023, the Company had a cash balance of $3,840,880 (June 30, 2022 – $23,792,408; June 30, 2021 – $318,844), to settle current liabilities of $3,062,917 (June 30, 2022 – $1,780,877; June 30, 2021 – $1,374,819).</p> <p style="font:10pt stHtmlOvrFontNm;margin:0">As at June 30, 2023, the Company had the following contractual obligations:</p> <p style="font:10pt stHtmlOvrFontNm;margin:0"> </p> <table style="border-collapse:collapse;width:100%"><tr><td style="width:38.1%;padding-left:5.4pt;padding-right:5.4pt;border-bottom:1pt solid #000000" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt"> </p> </td><td style="width:15.88%;padding-left:5.4pt;padding-right:5.4pt;border-bottom:1pt solid #000000" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>Less than 1 year</b></p> </td><td style="width:15.88%;padding-left:5.4pt;padding-right:5.4pt;border-bottom:1pt solid #000000" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>1 to 3 years</b></p> </td><td style="width:14.28%;padding-left:5.4pt;padding-right:5.4pt;border-bottom:1pt solid #000000" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>3 to 5 years</b></p> </td><td style="width:15.86%;padding-left:5.4pt;padding-right:5.4pt;border-bottom:1pt solid #000000" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>Total</b></p> </td></tr> <tr><td style="width:38.1%;padding-left:5.4pt;padding-right:5.4pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt"> </p> </td><td style="width:15.88%;padding-left:5.4pt;padding-right:5.4pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>$</b></p> </td><td style="width:15.88%;padding-left:5.4pt;padding-right:5.4pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>$</b></p> </td><td style="width:14.28%;padding-left:5.4pt;padding-right:5.4pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>$</b></p> </td><td style="width:15.86%;padding-left:5.4pt;padding-right:5.4pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>$</b></p> </td></tr> <tr><td style="background-color:#CCEEFF;width:38.1%;padding-left:5.4pt;padding-right:5.4pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt">Accounts payable and accrued liabilities</p> </td><td style="background-color:#CCEEFF;width:15.88%;padding-left:5.4pt;padding-right:5.4pt" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">1,024,134</span></p> </td><td style="background-color:#CCEEFF;width:15.88%;padding-left:5.4pt;padding-right:5.4pt" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">-</span></p> </td><td style="background-color:#CCEEFF;width:14.28%;padding-left:5.4pt;padding-right:5.4pt" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">-</span></p> </td><td style="background-color:#CCEEFF;width:15.86%;padding-left:5.4pt;padding-right:5.4pt" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt"><b>1,024,134</b></span></p> </td></tr> <tr><td style="width:38.1%;padding-left:5.4pt;padding-right:5.4pt" valign="middle"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt">Due to related parties</p> </td><td style="width:15.88%;padding-left:5.4pt;padding-right:5.4pt" valign="middle"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">86,616</span></p> </td><td style="width:15.88%;padding-left:5.4pt;padding-right:5.4pt" valign="middle"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">-</span></p> </td><td style="width:14.28%;padding-left:5.4pt;padding-right:5.4pt" valign="middle"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">-</span></p> </td><td style="width:15.86%;padding-left:5.4pt;padding-right:5.4pt" valign="middle"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt"><b>86,616</b></span></p> </td></tr> <tr><td style="background-color:#CCEEFF;width:38.1%;padding-left:5.4pt;padding-right:5.4pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt">Lease liabilities</p> </td><td style="background-color:#CCEEFF;width:15.88%;padding-left:5.4pt;padding-right:5.4pt" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">29,921</span></p> </td><td style="background-color:#CCEEFF;width:15.88%;padding-left:5.4pt;padding-right:5.4pt" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">31,107</span></p> </td><td style="background-color:#CCEEFF;width:14.28%;padding-left:5.4pt;padding-right:5.4pt" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">-</span></p> </td><td style="background-color:#CCEEFF;width:15.86%;padding-left:5.4pt;padding-right:5.4pt" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt"><b>61,028</b></span></p> </td></tr> <tr><td style="width:38.1%;padding-left:5.4pt;padding-right:5.4pt;border-bottom:1pt solid #000000" valign="middle"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt">Derivative liabilities</p> </td><td style="width:15.88%;padding-left:5.4pt;padding-right:5.4pt;border-bottom:1pt solid #000000" valign="middle"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">1,922,246</span></p> </td><td style="width:15.88%;padding-left:5.4pt;padding-right:5.4pt;border-bottom:1pt solid #000000" valign="middle"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">-</span></p> </td><td style="width:14.28%;padding-left:5.4pt;padding-right:5.4pt;border-bottom:1pt solid #000000" valign="middle"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">-</span></p> </td><td style="width:15.86%;padding-left:5.4pt;padding-right:5.4pt;border-bottom:1pt solid #000000" valign="middle"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt"><b>1,922,246</b></span></p> </td></tr> <tr><td style="background-color:#CCEEFF;width:38.1%;padding-left:5.4pt;padding-right:5.4pt;border-top:1pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt"><b>Total</b></p> </td><td style="background-color:#CCEEFF;width:15.88%;padding-left:5.4pt;padding-right:5.4pt;border-top:1pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt"><b>3,062,917</b></span></p> </td><td style="background-color:#CCEEFF;width:15.88%;padding-left:5.4pt;padding-right:5.4pt;border-top:1pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt"><b>31,107</b></span></p> </td><td style="background-color:#CCEEFF;width:14.28%;padding-left:5.4pt;padding-right:5.4pt;border-top:1pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">-</span></p> </td><td style="background-color:#CCEEFF;width:15.86%;padding-left:5.4pt;padding-right:5.4pt;border-top:1pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt"><b>3,094,024</b></span></p> </td></tr> </table> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">The Company manages liquidity risk by maintaining adequate cash reserves and by continuously monitoring forecasts and actual cash flows for a rolling period of 12 months to identify financial requirements. Where insufficient liquidity may exist, the Company may pursue various debt and equity instruments for short or long-term financing of its operations. Management believes there is sufficient capital to meet short-term business obligations, after taking into account cash flow requirements from operations and the Company’s cash position as at June 30, 2023.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify"><i>Interest rate risk </i></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company’s loans payable and convertible debentures have fixed interest rates. As at June 30, 2023, the Company had no hedging agreements in place with respect to floating interest rates. Management believes that the interest rate risk concentration with respect to financial instruments is minimal.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify"><i>Foreign exchange risk </i></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">Foreign exchange risk is the risk that the Company will be subject to foreign currency fluctuations in satisfying obligations related to its foreign activities. The Company has from time to time, financial instruments and transactions denominated in foreign currencies, notably in USD. The Company’s primary exposure to foreign exchange risk is that transactions denominated in foreign currency may expose the Company to the risk of exchange rate fluctuations. Based on its current operations, management believes that the foreign exchange risk remains minimal.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify"><i>Fair value </i></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">Fair value estimates of financial instruments are made at a specific point in time based on relevant information about financial markets and specific financial instruments. As these estimates are subjective in nature, involving uncertainties and matters of significant judgment, they cannot be determined with precision. Changes in assumptions can significantly affect estimated fair values.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">As at June 30, 2023, the Company’s financial instruments consisted of cash, other receivables (excluding sales tax recoverable), due from related party, accounts payable, due to related parties, lease liabilities, and derivative liabilities. The fair value of other receivables (excluding sales tax recoverable), due from related party, accounts payable and due to related parties are approximately equal to their carrying value due to their short-term nature. The fair values of the lease liabilities approximate their carrying amounts as they were measured taking into consideration comparable instruments with similar risks in determining the rates at which to discount their amount in applying their respective measurement models.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>21.</b></kbd><b>Financial Risks (continued)</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify"><i>Fair value (continued)</i></p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;text-align:justify">The Company classifies fair value measurements using a fair value hierarchy that reflects the significance of the inputs used in making the measurements. The fair value hierarchy has the following levels: </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;margin-left:31.45pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-13.6pt"><span style="font-family:Symbol">·</span></kbd>Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities. </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;margin-left:31.45pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-13.6pt"><span style="font-family:Symbol">·</span></kbd>Level 2 – Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices); and </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;margin-left:31.5pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-13.5pt"><span style="font-family:Symbol">·</span></kbd>Level 3 – Inputs for the asset or liability that are not based on observable market data (unobservable inputs). </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-13.5pt;margin-left:31.5pt;text-align:justify"> </p> <table style="border-collapse:collapse;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000"><tr><td style="width:166.2pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0"> </p> </td><td style="width:75.45pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>Level 1</b></p> </td><td style="width:75.45pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>Level 2</b></p> </td><td style="width:75.45pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>Level 3</b></p> </td><td style="width:75.45pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>Total </b></p> </td></tr> <tr><td style="width:166.2pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0"> </p> </td><td style="width:75.45pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>$</b></p> </td><td style="width:75.45pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>$</b></p> </td><td style="width:75.45pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>$</b></p> </td><td style="width:75.45pt;padding-left:0.5pt;padding-right:0.5pt;border-top:0.5pt solid #000000" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>$</b></p> </td></tr> <tr><td style="background-color:#CCEEFF;width:166.2pt;padding-left:0.5pt;padding-right:0.5pt" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0">Cash</p> </td><td style="background-color:#CCEEFF;width:75.45pt;padding-left:0.5pt;padding-right:0.5pt" valign="top"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">3,480,880</span></p> </td><td style="background-color:#CCEEFF;width:75.45pt;padding-left:0.5pt;padding-right:0.5pt" valign="top"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">-</span></p> </td><td style="background-color:#CCEEFF;width:75.45pt;padding-left:0.5pt;padding-right:0.5pt" valign="top"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">-</span></p> </td><td style="background-color:#CCEEFF;width:75.45pt;padding-left:0.5pt;padding-right:0.5pt" valign="top"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt"><b>3,480,880</b></span></p> </td></tr> <tr><td style="width:166.2pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0">Derivative liabilities</p> </td><td style="width:75.45pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">-</span></p> </td><td style="width:75.45pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">(1,922,246)</span></p> </td><td style="width:75.45pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">-</span></p> </td><td style="width:75.45pt;padding-left:0.5pt;padding-right:0.5pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt"><b>(1,922,246)</b></span></p> </td></tr> </table> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-13.5pt;margin-left:31.5pt;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify">As at June 30, 2023, the Company’s financial instruments carried at fair value consisted of its cash, which is classified as Level 1, and its derivative liabilities, which have been classified as Level 2. There were no transfers between Levels 2 and 3 for recurring fair value measurements during the years ended June 30, 2023, 2022 and 2021.</p> | |
| CY2023Q2 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
3840880 | cad |
| CY2022Q2 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
23792408 | cad |
| CY2021Q2 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
318844 | cad |
| CY2023Q2 | ifrs-full |
Current Liabilities
CurrentLiabilities
|
3062917 | cad |
| CY2022Q2 | ifrs-full |
Current Liabilities
CurrentLiabilities
|
1780877 | cad |
| CY2021Q2 | ifrs-full |
Current Liabilities
CurrentLiabilities
|
1374819 | cad |
| CY2023 | ifrs-full |
Maturity Analysis For Nonderivative Financial Liabilities
MaturityAnalysisForNonderivativeFinancialLiabilities
|
<table style="border-collapse:collapse;width:100%"><tr><td style="width:38.1%;padding-left:5.4pt;padding-right:5.4pt;border-bottom:1pt solid #000000" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt"> </p> </td><td style="width:15.88%;padding-left:5.4pt;padding-right:5.4pt;border-bottom:1pt solid #000000" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>Less than 1 year</b></p> </td><td style="width:15.88%;padding-left:5.4pt;padding-right:5.4pt;border-bottom:1pt solid #000000" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>1 to 3 years</b></p> </td><td style="width:14.28%;padding-left:5.4pt;padding-right:5.4pt;border-bottom:1pt solid #000000" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>3 to 5 years</b></p> </td><td style="width:15.86%;padding-left:5.4pt;padding-right:5.4pt;border-bottom:1pt solid #000000" valign="top"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>Total</b></p> </td></tr> <tr><td style="width:38.1%;padding-left:5.4pt;padding-right:5.4pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt"> </p> </td><td style="width:15.88%;padding-left:5.4pt;padding-right:5.4pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>$</b></p> </td><td style="width:15.88%;padding-left:5.4pt;padding-right:5.4pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>$</b></p> </td><td style="width:14.28%;padding-left:5.4pt;padding-right:5.4pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>$</b></p> </td><td style="width:15.86%;padding-left:5.4pt;padding-right:5.4pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:right"><b>$</b></p> </td></tr> <tr><td style="background-color:#CCEEFF;width:38.1%;padding-left:5.4pt;padding-right:5.4pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt">Accounts payable and accrued liabilities</p> </td><td style="background-color:#CCEEFF;width:15.88%;padding-left:5.4pt;padding-right:5.4pt" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">1,024,134</span></p> </td><td style="background-color:#CCEEFF;width:15.88%;padding-left:5.4pt;padding-right:5.4pt" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">-</span></p> </td><td style="background-color:#CCEEFF;width:14.28%;padding-left:5.4pt;padding-right:5.4pt" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">-</span></p> </td><td style="background-color:#CCEEFF;width:15.86%;padding-left:5.4pt;padding-right:5.4pt" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt"><b>1,024,134</b></span></p> </td></tr> <tr><td style="width:38.1%;padding-left:5.4pt;padding-right:5.4pt" valign="middle"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt">Due to related parties</p> </td><td style="width:15.88%;padding-left:5.4pt;padding-right:5.4pt" valign="middle"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">86,616</span></p> </td><td style="width:15.88%;padding-left:5.4pt;padding-right:5.4pt" valign="middle"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">-</span></p> </td><td style="width:14.28%;padding-left:5.4pt;padding-right:5.4pt" valign="middle"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">-</span></p> </td><td style="width:15.86%;padding-left:5.4pt;padding-right:5.4pt" valign="middle"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt"><b>86,616</b></span></p> </td></tr> <tr><td style="background-color:#CCEEFF;width:38.1%;padding-left:5.4pt;padding-right:5.4pt" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt">Lease liabilities</p> </td><td style="background-color:#CCEEFF;width:15.88%;padding-left:5.4pt;padding-right:5.4pt" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">29,921</span></p> </td><td style="background-color:#CCEEFF;width:15.88%;padding-left:5.4pt;padding-right:5.4pt" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">31,107</span></p> </td><td style="background-color:#CCEEFF;width:14.28%;padding-left:5.4pt;padding-right:5.4pt" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">-</span></p> </td><td style="background-color:#CCEEFF;width:15.86%;padding-left:5.4pt;padding-right:5.4pt" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt"><b>61,028</b></span></p> </td></tr> <tr><td style="width:38.1%;padding-left:5.4pt;padding-right:5.4pt;border-bottom:1pt solid #000000" valign="middle"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt">Derivative liabilities</p> </td><td style="width:15.88%;padding-left:5.4pt;padding-right:5.4pt;border-bottom:1pt solid #000000" valign="middle"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">1,922,246</span></p> </td><td style="width:15.88%;padding-left:5.4pt;padding-right:5.4pt;border-bottom:1pt solid #000000" valign="middle"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">-</span></p> </td><td style="width:14.28%;padding-left:5.4pt;padding-right:5.4pt;border-bottom:1pt solid #000000" valign="middle"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">-</span></p> </td><td style="width:15.86%;padding-left:5.4pt;padding-right:5.4pt;border-bottom:1pt solid #000000" valign="middle"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt"><b>1,922,246</b></span></p> </td></tr> <tr><td style="background-color:#CCEEFF;width:38.1%;padding-left:5.4pt;padding-right:5.4pt;border-top:1pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt stHtmlOvrFontNm;margin:0;text-indent:-18pt;margin-left:18pt"><b>Total</b></p> </td><td style="background-color:#CCEEFF;width:15.88%;padding-left:5.4pt;padding-right:5.4pt;border-top:1pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt"><b>3,062,917</b></span></p> </td><td style="background-color:#CCEEFF;width:15.88%;padding-left:5.4pt;padding-right:5.4pt;border-top:1pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt"><b>31,107</b></span></p> </td><td style="background-color:#CCEEFF;width:14.28%;padding-left:5.4pt;padding-right:5.4pt;border-top:1pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt">-</span></p> </td><td style="background-color:#CCEEFF;width:15.86%;padding-left:5.4pt;padding-right:5.4pt;border-top:1pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt stHtmlOvrFontNm;margin:0;text-align:right"><span style="font-size:10pt"><b>3,094,024</b></span></p> </td></tr> </table> | |
| CY2023Q2 | ifrs-full |
Trade And Other Current Payables
TradeAndOtherCurrentPayables
|
1024134 | cad |
| CY2023Q2 | ifrs-full |
Trade And Other Payables To Related Parties
TradeAndOtherPayablesToRelatedParties
|
86616 | cad |
| CY2023Q2 | ifrs-full |
Loans Payable In Default
LoansPayableInDefault
|
61028 | cad |
| CY2023Q2 | ifrs-full |
Noncurrent Derivative Financial Liabilities
NoncurrentDerivativeFinancialLiabilities
|
1922246 | cad |
| CY2023Q2 | ifrs-full |
Financial Liabilities
FinancialLiabilities
|
3094024 | cad |
| CY2023Q2 | ifrs-full |
Other Cash And Cash Equivalents
OtherCashAndCashEquivalents
|
3480880 | cad |
| CY2023Q2 | ifrs-full |
Noncurrent Derivative Financial Liabilities
NoncurrentDerivativeFinancialLiabilities
|
1922246 | cad |
| CY2023 | ifrs-full |
Income Tax Expense Continuing Operations
IncomeTaxExpenseContinuingOperations
|
-109750 | cad |
| CY2022 | ifrs-full |
Income Tax Expense Continuing Operations
IncomeTaxExpenseContinuingOperations
|
-109745 | cad |
| CY2021 | ifrs-full |
Income Tax Expense Continuing Operations
IncomeTaxExpenseContinuingOperations
|
0 | cad |
| CY2023 | ifrs-full |
Disclosure Of Commitments And Contingent Liabilities Explanatory
DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory
|
<p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>23.</b></kbd><b>Contingencies</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0.05pt;margin-bottom:0pt;text-align:justify">The Company’s E&E activities are subject to various laws and regulations governing the protection of the environment. These laws and regulations are continually changing and generally becoming more restrictive. As at June 30, 2023, the Company believes its operations are materially in compliance with all applicable laws and regulations. The Company expects to make future expenditures to comply with such laws and regulations.</p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0.05pt;margin-bottom:0pt;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">As of June 30, 2023, Snow Lake has also made a claim against certain former directors of the Company and their holding companies for, among other things, breach of fiduciary duty as a result of, amongst other matters, of those directors approving changes to the consulting agreements between the former CEO and COO and their holding companies, for termination payments of USD $1,392,000 (to USD $1,872,000) during a time where it was clear that a change of control of the Company was imminent and increased the range of instances where they would be eligible for those payments. The Company takes the position that the amendments are void and that the former CEO and COO were not entitled to any payments under their consulting agreements. Snow Lake seeks to recover the payments made to the former CEO and COO.</p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify">As of the date of approval of these consolidated financial statements, all defendants have now filed Statements of Defence. All defendants have made counterclaims seeking indemnification for legal fees incurred in responding to this claim in relation to directors’ indemnity agreements they have with the Company. The Company takes the position that the defendants are not eligible for indemnity payments as a result of their breaches of fiduciary duties. The next step will be for the Company to file its Replies and Defences to Counterclaims, and then proceed to discovery. As at June 30, 2023, as the outcome of the claims remains uncertain, the Company had not recognized any contingent assets on the consolidated statements of financial position.</p> | |
| CY2023 | ifrs-full |
Disclosure Of Events After Reporting Period Explanatory
DisclosureOfEventsAfterReportingPeriodExplanatory
|
<p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:7.2pt;margin-left:18pt"><kbd style="position:absolute;font:10pt stHtmlOvrFontNm;margin-left:-18pt"><b>24.</b></kbd><b>Subsequent Events</b> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">On July 13, 2023, the Company filed an application against its former Manitoba law firm seeking to assess for reasonableness certain invoices of the law firm rendered between May 2022 and January 2023, as well as the repayment of any fees paid to the law firm which the Court finds to be unreasonable. This application is at the early stages.</p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify">On July 17, 2023, the Company granted 250,000 options and 200,000 RSUs to its new CEO. 25% of the options will vest six months from the grant date, 25% will vest 12 months from the grant date, with the remainder to vest 18 months from the grant date. The RSUs, on the other hand, will vest at various stages depending on the Company’s volume weighted average price exceeding certain thresholds.</p> <p style="font:8pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify">On July 29, 2023, a former director resigned from the Company, resulting in 50,000 options and 10,000 RSUs being cancelled.</p> <p style="font:8pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify">On September 21, 2023, the Company closed its best-efforts flow-through financing through the issuance of 2,133,979 common shares at a price of $3.6117 (USD $2.67) per common share, for g<span style="background-color:#FEFEFE">ross proceeds of</span> <span style="background-color:#FEFEFE">$7,707,292 </span>(USD $5,697,710) <span style="background-color:#FEFEFE">(the “Offering”)</span>. In connection with the Offering, the Company issued 86,000 Warrants at USD $2.67 per share with an expiry of five years and paid fees and expenses to various agents in the amount of $215,376. </p> <p style="font:8pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin-top:0pt;margin-bottom:8pt;text-align:justify">On September 21, 2023, the Company also issued 21,276 common shares to a third-party pursuant to a letter agreement between the parties.</p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify">As of August 9, 2023 160,000 RSUs out of the 470,000 RSUs awarded on January 30, 2023 had met the milestones required to vest. On September 26, 2023, the Company paid $546,476 (USD $400,000) to redeem 160,000 of the vested RSUs at USD $2.50 each.</p> <p style="font:10pt stHtmlOvrFontNm;margin:0;color:#000000;text-align:justify"> </p> <p style="font:10pt stHtmlOvrFontNm;margin:0;text-align:justify">On October 20, 2023, the Company issued 40,000 common shares to a third-party pursuant to a marketing services agreement (the “Marketing Agreement”) between the parties for a term of six months from October 2, 2023 to April 2, 2024. Upon execution of the agreement, the Company also paid a cash payment of USD $62,500 upon execution, The Company also issued 300,000 Warrants to the third-party pursuant to the Marketing Agreement, whereby each Warrant is exercisable for a period of 12 months at an exercise price of: (i) USD $2 for 100,000 Warrants; (ii) USD $2.50 for 100,000 Warrants; and (iii) USD $3 for 100,000 Warrants.</p> |
