2023 Q1 Form 20-F Financial Statement
#000137647423000329 Filed on June 01, 2023
Income Statement
| Concept | 2023 Q1 | 2023 | 2022 |
|---|---|---|---|
| Revenue | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $536.2K | $905.7K | $4.556M |
| YoY Change | -76.28% | -80.12% | 637.41% |
| % of Gross Profit | |||
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $1.970K | $8.040K | $11.60K |
| YoY Change | -32.07% | -30.69% | -30.41% |
| % of Gross Profit | |||
| Operating Expenses | $538.2K | $913.8K | $9.401M |
| YoY Change | -92.42% | -90.28% | 1381.42% |
| Operating Profit | |||
| YoY Change | |||
| Interest Expense | -$4.990K | $10.94K | -$530.00 |
| YoY Change | -163.08% | -2164.15% | -93.89% |
| % of Operating Profit | |||
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | -$543.4K | -$903.0K | -$34.41M |
| YoY Change | -98.31% | -97.38% | 5248.86% |
| Income Tax | $0.00 | ||
| % Of Pretax Income | |||
| Net Earnings | -$543.4K | -903.0K cads | -$34.41M |
| YoY Change | -98.31% | -97.38% | 5248.86% |
| Net Earnings / Revenue | |||
| Basic Earnings Per Share | -$0.05 | -$2.05 | |
| Diluted Earnings Per Share | -$0.03 | -$0.05 | -$2.051M |
| COMMON SHARES | |||
| Basic Shares Outstanding | 16.82M shares | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2023 Q1 | 2023 | 2022 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $543.2K | $543.2K | $1.172M |
| YoY Change | -53.67% | -53.67% | -20.85% |
| Cash & Equivalents | $543.2K | $543.2K | $1.172M |
| Short-Term Investments | |||
| Other Short-Term Assets | $12.44K | $12.44K | $13.57K |
| YoY Change | -8.33% | -8.33% | -83.87% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $2.760K | $2.760K | $3.070K |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $558.4K | $558.4K | $1.189M |
| YoY Change | -53.04% | -53.04% | -24.14% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $201.1K | $201.1K | $26.93K |
| YoY Change | 646.86% | 646.86% | -99.91% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $123.6K | $123.6K | $123.6K |
| YoY Change | 0.0% | 0.0% | 0.0% |
| Total Long-Term Assets | 324.7K cads | $324.7K | $150.5K |
| YoY Change | 115.72% | 115.72% | -99.5% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $558.4K | $558.4K | $1.189M |
| Total Long-Term Assets | 324.7K cads | $324.7K | $150.5K |
| Total Assets | 883.1K cads | $883.1K | $1.340M |
| YoY Change | -34.07% | -34.07% | -95.74% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $29.66K | $29.66K | $32.35K |
| YoY Change | -8.32% | -8.32% | 69.37% |
| Accrued Expenses | |||
| YoY Change | |||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $60.52K | $60.52K | $46.82K |
| YoY Change | 29.26% | 29.26% | 41.54% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | |||
| YoY Change | |||
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $60.52K | $60.52K | $46.82K |
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Total Liabilities | $60.52K | $60.52K | $46.82K |
| YoY Change | 29.26% | 29.26% | 41.54% |
| 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 | $822.6K | $822.6K | $1.293M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $883.1K | $883.1K | $1.340M |
| YoY Change | -34.07% | -34.07% | -95.74% |
Cashflow Statement
| Concept | 2023 Q1 | 2023 | 2022 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$543.4K | -903.0K cads | -$34.41M |
| YoY Change | -98.31% | -97.38% | 5248.86% |
| Depreciation, Depletion And Amortization | $1.970K | $8.040K | $11.60K |
| YoY Change | -32.07% | -30.69% | -30.41% |
| Cash From Operating Activities | -$61.47K | -$446.6K | -$335.4K |
| YoY Change | 9.59% | 33.16% | -17.52% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $87.46K | $182.6K | -$123.6K |
| YoY Change | -537.3% | -247.83% | |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | ||
| YoY Change | |||
| Cash From Investing Activities | -$87.46K | -$182.6K | -$123.6K |
| YoY Change | 337.3% | 47.83% | |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $150.0K | ||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 0.000 | 0.000 | 150.0K |
| YoY Change | -100.0% | -100.0% | |
| NET CHANGE | |||
| Cash From Operating Activities | -61.47K | -446.6K | -335.4K |
| Cash From Investing Activities | -87.46K | -182.6K | -123.6K |
| Cash From Financing Activities | 0.000 | 0.000 | 150.0K |
| Net Change In Cash | -148.9K | -629.2K | -308.9K |
| YoY Change | -301.5% | 103.68% | -24.03% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$61.47K | -$446.6K | -$335.4K |
| Capital Expenditures | $87.46K | $182.6K | -$123.6K |
| Free Cash Flow | -$148.9K | -$629.2K | -$211.8K |
| YoY Change | 312.66% | 197.05% | -47.91% |
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| CY2022 | ifrs-full |
Cash Flows From Used In Exploration For And Evaluation Of Mineral Resources Classified As Investing Activities
CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResourcesClassifiedAsInvestingActivities
|
-123546 | cad |
| CY2021 | ifrs-full |
Cash Flows From Used In Exploration For And Evaluation Of Mineral Resources Classified As Investing Activities
CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResourcesClassifiedAsInvestingActivities
|
0 | cad |
| CY2023 | ifrs-full |
Cash Flows From Used In Investing Activities
CashFlowsFromUsedInInvestingActivities
|
-182644 | cad |
| CY2022 | ifrs-full |
Cash Flows From Used In Investing Activities
CashFlowsFromUsedInInvestingActivities
|
-123546 | cad |
| CY2021 | ifrs-full |
Cash Flows From Used In Investing Activities
CashFlowsFromUsedInInvestingActivities
|
0 | cad |
| CY2023 | ifrs-full |
Increase Decrease In Cash And Cash Equivalents
IncreaseDecreaseInCashAndCashEquivalents
|
-629189 | cad |
| CY2022 | ifrs-full |
Increase Decrease In Cash And Cash Equivalents
IncreaseDecreaseInCashAndCashEquivalents
|
-308909 | cad |
| CY2021 | ifrs-full |
Increase Decrease In Cash And Cash Equivalents
IncreaseDecreaseInCashAndCashEquivalents
|
-406622 | cad |
| CY2022Q1 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
1172393 | cad |
| CY2021Q1 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
1481302 | cad |
| CY2020Q1 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
1887924 | cad |
| CY2023Q1 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
543204 | cad |
| CY2022Q1 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
1172393 | cad |
| CY2021Q1 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
1481302 | cad |
| CY2023 | ifrs-full |
Disclosure Of Notes And Other Explanatory Information Explanatory
DisclosureOfNotesAndOtherExplanatoryInformationExplanatory
|
<p style="font:11pt Times New Roman;margin-top:12pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt"><b>1.</b></kbd><kbd style="margin-left:36pt"/><b>CORPORATE INFORMATION</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The Company was incorporated on February 18, 1983 under the Company Act of British Columbia as Booker Gold Explorations Limited. On February 8, 2000, the Company changed its name to Pacific Booker Minerals Inc. The address of the Company’s corporate office and principal place of business is located at Suite #1203 - 1166 Alberni Street, Vancouver, British Columbia, <span style="-sec-ix-hidden:fact3">Canada</span>.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The Company’s principal business activity is the exploration of its mineral property interests, with its principal mineral property interests located in Canada. The Company is listed on the TSX Venture Exchange (“TSX-V”) under the symbol “BKM” and was listed on the NYSE MKT Equities Exchange (“NYSE MKT”) under the symbol “PBM” until the voluntary delisting on April 29, 2016.</p> | |
| CY2023 | dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
1983-02-18 | |
| CY2023 | dei |
Entity Information Date To Change Former Legal Or Registered Name
EntityInformationDateToChangeFormerLegalOrRegisteredName
|
2000-02-08 | |
| CY2023 | dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
Suite #1203 - 1166 Alberni Street | |
| CY2023 | dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Vancouver | |
| CY2023 | dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
BC | |
| CY2023 | dei |
Entity Listing Description
EntityListingDescription
|
listed on the TSX Venture Exchange (“TSX-V”) under the symbol “BKM” | |
| CY2023 | ifrs-full |
Disclosure Of Basis Of Preparation Of Financial Statements Explanatory
DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory
|
<p style="font:11pt Times New Roman;margin-top:12pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt"><b>2.</b></kbd><kbd style="margin-left:36pt"/><b>BASIS OF PRESENTATION</b> </p> <p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(a)</b></kbd><kbd style="margin-left:72pt"/><b>Statement of compliance</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">These financial statements and the notes thereto (the "Financial Statements") present the Company's financial results of operations in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB") for the years ended January 31, 2023, 2022 and 2021 and financial position as at January 31, 2023 and 2022.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">All adjustments necessary to present fairly the financial position of the Company as at January 31, 2023 and the results of its operations and cash flows for the year then ended have been made.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The Board of Directors have approved the annual financial statements for issue on May 26, 2023.</p> <p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(b)</b></kbd><kbd style="margin-left:72pt"/><b>Going concern of operations</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">These financial statements have been prepared on the basis of the accounting principles applicable to a going concern, which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">A going concern in accounting is a term that indicates whether or not the entity can continue in business for the next fiscal year. Indicators against a “going concern” are negative cash flows from operations, consecutive losses from operations, and an accumulated deficit.</p> <p style="font:11pt Times New Roman;margin:0;text-align:justify">The Company is a resource company, and must incur expenses during the process of exploring and evaluating a mineral property to prove the commercial viability of the ore body, a necessary step in the process of developing a property to the production stage. As a non-producing resource company, the Company has no operating income, cash flow is generated mostly by the sale of shares by the Company, and an accumulated deficit is the result of operations and exploration activities without production.</p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The Company has incurred losses and negative cash flows from operations since inception and has an accumulated deficit. The ability of the Company to continue as a going concern depends upon its ability to continue to raise adequate financing and to develop profitable operations in the future.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The ability of the Company to realize the costs it has incurred to date on its mineral property interests is dependent upon the Company being able to continue to finance its exploration and evaluation costs. To date, the Company has not earned any revenue and is considered to be in the advanced exploration stage.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Management has based “the ability to continue in operations” judgement on various factors including (but not limited to) the opinion of management that the Morrison project will receive the necessary certificates/permits to allow the Company to proceed with the development of the project to the production phase, that the Company’s claims are in good standing, the NI 43-101 feasibility study (completed in 2009) shows commercially viable quantities of mineral resources. The Company has sufficient cash on hand to meet its obligations for the fiscal year and may receive proceeds from the exercise of options to ensure the Company’s financial resources.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">There can be no assurance that the Company will be able to continue to raise funds in which case the Company may be unable to meet its obligations. Should the Company be unable to realize on its assets and discharge its liabilities in the normal course of business, the net realizable value of its assets may be materially less than the amounts recorded on the statements of financial position. These financial statements do not include the adjustments that would be necessary should the Company be unable to continue as a going concern.</p> <p style="font:11pt Times New Roman;margin:0"> </p> <table style="border-collapse:collapse;width:477.2pt;margin-left:43.2pt"><tr><td style="width:173.15pt;border-top:3px double #000000;border-bottom:0.5pt solid #000000" valign="top"/><td colspan="2" style="width:101.2pt;border-top:3px double #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:center"><b>2023</b></p> </td><td colspan="2" style="width:101.2pt;border-top:3px double #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:center"><b>2022</b></p> </td><td colspan="2" style="width:101.65pt;border-top:3px double #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:center"><b>2021</b></p> </td></tr> <tr><td style="width:173.15pt;border-top:0.5pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:16.35pt;border-top:0.5pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.6pt"> </p> </td><td style="width:84.85pt;border-top:0.5pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.6pt"> </p> </td><td style="width:16.35pt;border-top:0.5pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.6pt"> </p> </td><td style="width:84.85pt;border-top:0.5pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.6pt"> </p> </td><td style="width:16.35pt;border-top:0.5pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.6pt"> </p> </td><td style="width:85.3pt;border-top:0.5pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.6pt"> </p> </td></tr> <tr><td style="width:173.15pt" valign="top"><p style="font:11pt Times New Roman;margin:0">Working capital</p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:84.85pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">497,881</p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:84.85pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">1,142,219</p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:85.3pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">1,534,315</p> </td></tr> <tr><td style="width:173.15pt" valign="top"><p style="font:11pt Times New Roman;margin:0">Loss for the year</p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:84.85pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right">(903,039)</p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:84.85pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right">(34,405,463)</p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:85.3pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right">(643,227)</p> </td></tr> <tr><td style="width:173.15pt;border-bottom:3px double #000000" valign="top"><p style="font:11pt Times New Roman;margin:0">Deficit</p> </td><td style="width:16.35pt;border-bottom:3px double #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:84.85pt;border-bottom:3px double #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right">(75,829,695)</p> </td><td style="width:16.35pt;border-bottom:3px double #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:84.85pt;border-bottom:3px double #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right">(74,926,656)</p> </td><td style="width:16.35pt;border-bottom:3px double #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:85.3pt;border-bottom:3px double #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right">(40,521,193)</p> </td></tr> </table> <p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt;margin-left:72pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-36pt"><b>(c)</b></kbd><b>Basis of Measurement</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The financial statements have been prepared under the historical cost convention, except for certain financial instruments which are measured at fair value.</p> <p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(d)</b></kbd><kbd style="margin-left:72pt"/><b>Functional and presentation currency</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The financial statements are presented in Canadian dollars, which is Company’s functional and presentation currency.</p> <p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(e)</b></kbd><kbd style="margin-left:72pt"/><b>Critical accounting judgements</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The preparation of these financial statements, in conformity with IFRS, requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions of accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected by that revision.</p> <p style="font:11pt Times New Roman;margin:0;margin-left:81.35pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-27.35pt"><b>(i)</b></kbd><b>Going concern</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:54pt;text-align:justify">The Company’s ability to execute its strategy by funding future working capital requirements requires judgment. Assumptions are continually evaluated and are based on historical experience and expectations of future events that are believed to be reasonable under the circumstances (see Note 2(b)).</p> <p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(f)</b></kbd><kbd style="margin-left:72pt"/><b>Key sources of estimation uncertainty</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:0pt;margin-left:81.35pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-27.35pt"><b>(i)</b></kbd><b>Recoverability of asset carrying values for equipment, vehicles and furniture</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:54pt;text-align:justify">The declining balance depreciation method used reflects the pattern in which management expects the asset’s future economic benefits to be consumed by the Company. The Company assesses its equipment, vehicles and furniture for possible impairment as described in Note 3(d), if there are events or changes in circumstances that indicate that the recorded carrying values of the assets may not be recoverable at every reporting period. Such indicators include changes in the Company’s business plans affecting the asset use and anticipated life and evidence of current physical damage.</p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:0pt;margin-left:81.35pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-27.35pt"><b>(ii)</b></kbd><b>Option based payments</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:54pt;text-align:justify">The Company has an equity-settled option to purchase shares plan for Eligible Persons (as defined by the policies of the TSX Venture Exchange and/or National Instrument 45-106). The fair value of the share purchase options are estimated on the measurement date by using the Black-Scholes option-pricing model, based on certain assumptions and recognized as option based payments expense over the vesting period of the option with a corresponding increase to equity as contributed surplus. Those assumptions are described in Note 7 of the annual financial statements and include, among others, expected volatility, forfeiture rate, expected life of the options and number of options expected to vest.</p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:0pt;margin-left:81.35pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-27.35pt"><b>(iii)</b></kbd><b>Exploration and evaluation assets</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:54pt;text-align:justify">Although the Company has taken steps to verify title to 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 unregistered prior agreements and non-compliance with regulatory requirements.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:54pt;text-align:justify">Recovery of amounts indicated under exploration and evaluation assets are subject to the discovery of economically recoverable reserves, the Company’s ability to obtain the necessary permits, the Company's ability to obtain the financing required to complete development and profitable future production or the proceeds from the sale of such assets.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:54pt;text-align:justify">Management reviews the property for impairments on an on-going basis. As discussed at Note 3(d), the provisions of IFRS 6 related to the determination of whether impairment indicators exist are subject to significant judgement, and any resultant impairment losses recognized cannot typically be determined independent of the historic deferred costs incurred due to a lack of relevant and available data.</p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:0pt;margin-left:81.35pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-27.35pt"><b>(iv)</b></kbd><b>Restoration and close down provisions</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:54pt;text-align:justify">The Company recognizes reclamation and close down provisions based on “Best Estimate” which can be based on internal or external costs. The Company is required to have a bond in place in an amount determined by the provincial government to provide for the costs of reclamation of the site disturbances. This bond shows as Reclamation deposit asset on the statement of financial position. Significant assumptions used by management to ascertain the provision are described in Note 3(e).</p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:0pt;margin-left:81.35pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-27.35pt"><b>(v)</b></kbd><b>Taxes</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:54pt;text-align:justify">Provisions for income tax liabilities and assets are calculated using the best estimate of the tax amounts prepared by knowledgeable persons, based on an assessment of relevant factors. The Company reviews the adequacy of the estimate at the end of the reporting period. It is possible that at some future date, an additional liability or asset could result from audits by the taxing authorities. Where the final outcome of these tax-related matters is different from the amounts that were originally recorded, such differences will be reflected in the tax provisions in the current period when such determination is made.</p> | |
| CY2023 | ifrs-full |
Statement Of Ifrs Compliance
StatementOfIFRSCompliance
|
<p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(a)</b></kbd><kbd style="margin-left:72pt"/><b>Statement of compliance</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">These financial statements and the notes thereto (the "Financial Statements") present the Company's financial results of operations in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB") for the years ended January 31, 2023, 2022 and 2021 and financial position as at January 31, 2023 and 2022.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">All adjustments necessary to present fairly the financial position of the Company as at January 31, 2023 and the results of its operations and cash flows for the year then ended have been made.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The Board of Directors have approved the annual financial statements for issue on May 26, 2023.</p> | |
| CY2023 | ifrs-full |
Disclosure Of Going Concern Explanatory
DisclosureOfGoingConcernExplanatory
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<p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(b)</b></kbd><kbd style="margin-left:72pt"/><b>Going concern of operations</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">These financial statements have been prepared on the basis of the accounting principles applicable to a going concern, which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">A going concern in accounting is a term that indicates whether or not the entity can continue in business for the next fiscal year. Indicators against a “going concern” are negative cash flows from operations, consecutive losses from operations, and an accumulated deficit.</p> <p style="font:11pt Times New Roman;margin:0;text-align:justify">The Company is a resource company, and must incur expenses during the process of exploring and evaluating a mineral property to prove the commercial viability of the ore body, a necessary step in the process of developing a property to the production stage. As a non-producing resource company, the Company has no operating income, cash flow is generated mostly by the sale of shares by the Company, and an accumulated deficit is the result of operations and exploration activities without production.</p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The Company has incurred losses and negative cash flows from operations since inception and has an accumulated deficit. The ability of the Company to continue as a going concern depends upon its ability to continue to raise adequate financing and to develop profitable operations in the future.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The ability of the Company to realize the costs it has incurred to date on its mineral property interests is dependent upon the Company being able to continue to finance its exploration and evaluation costs. To date, the Company has not earned any revenue and is considered to be in the advanced exploration stage.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Management has based “the ability to continue in operations” judgement on various factors including (but not limited to) the opinion of management that the Morrison project will receive the necessary certificates/permits to allow the Company to proceed with the development of the project to the production phase, that the Company’s claims are in good standing, the NI 43-101 feasibility study (completed in 2009) shows commercially viable quantities of mineral resources. The Company has sufficient cash on hand to meet its obligations for the fiscal year and may receive proceeds from the exercise of options to ensure the Company’s financial resources.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">There can be no assurance that the Company will be able to continue to raise funds in which case the Company may be unable to meet its obligations. Should the Company be unable to realize on its assets and discharge its liabilities in the normal course of business, the net realizable value of its assets may be materially less than the amounts recorded on the statements of financial position. These financial statements do not include the adjustments that would be necessary should the Company be unable to continue as a going concern.</p> <p style="font:11pt Times New Roman;margin:0"> </p> <table style="border-collapse:collapse;width:477.2pt;margin-left:43.2pt"><tr><td style="width:173.15pt;border-top:3px double #000000;border-bottom:0.5pt solid #000000" valign="top"/><td colspan="2" style="width:101.2pt;border-top:3px double #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:center"><b>2023</b></p> </td><td colspan="2" style="width:101.2pt;border-top:3px double #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:center"><b>2022</b></p> </td><td colspan="2" style="width:101.65pt;border-top:3px double #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:center"><b>2021</b></p> </td></tr> <tr><td style="width:173.15pt;border-top:0.5pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:16.35pt;border-top:0.5pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.6pt"> </p> </td><td style="width:84.85pt;border-top:0.5pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.6pt"> </p> </td><td style="width:16.35pt;border-top:0.5pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.6pt"> </p> </td><td style="width:84.85pt;border-top:0.5pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.6pt"> </p> </td><td style="width:16.35pt;border-top:0.5pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.6pt"> </p> </td><td style="width:85.3pt;border-top:0.5pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.6pt"> </p> </td></tr> <tr><td style="width:173.15pt" valign="top"><p style="font:11pt Times New Roman;margin:0">Working capital</p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:84.85pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">497,881</p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:84.85pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">1,142,219</p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:85.3pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">1,534,315</p> </td></tr> <tr><td style="width:173.15pt" valign="top"><p style="font:11pt Times New Roman;margin:0">Loss for the year</p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:84.85pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right">(903,039)</p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:84.85pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right">(34,405,463)</p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:85.3pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right">(643,227)</p> </td></tr> <tr><td style="width:173.15pt;border-bottom:3px double #000000" valign="top"><p style="font:11pt Times New Roman;margin:0">Deficit</p> </td><td style="width:16.35pt;border-bottom:3px double #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:84.85pt;border-bottom:3px double #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right">(75,829,695)</p> </td><td style="width:16.35pt;border-bottom:3px double #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:84.85pt;border-bottom:3px double #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right">(74,926,656)</p> </td><td style="width:16.35pt;border-bottom:3px double #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:85.3pt;border-bottom:3px double #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right">(40,521,193)</p> </td></tr> </table> | |
| CY2023 | ifrs-full |
Increase Decrease In Working Capital
IncreaseDecreaseInWorkingCapital
|
497881 | cad |
| CY2022 | ifrs-full |
Increase Decrease In Working Capital
IncreaseDecreaseInWorkingCapital
|
1142219 | cad |
| CY2021 | ifrs-full |
Increase Decrease In Working Capital
IncreaseDecreaseInWorkingCapital
|
1534315 | cad |
| CY2023 | ifrs-full |
Profit Loss
ProfitLoss
|
-903039 | cad |
| CY2022 | ifrs-full |
Profit Loss
ProfitLoss
|
-34405463 | cad |
| CY2021 | ifrs-full |
Profit Loss
ProfitLoss
|
-643227 | cad |
| CY2023Q1 | ifrs-full |
Retained Earnings
RetainedEarnings
|
-75829695 | cad |
| CY2022Q1 | ifrs-full |
Retained Earnings
RetainedEarnings
|
-74926656 | cad |
| CY2021Q1 | ifrs-full |
Retained Earnings
RetainedEarnings
|
-40521193 | cad |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Fair Value Measurement Explanatory
DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory
|
<p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt;margin-left:72pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-36pt"><b>(c)</b></kbd><b>Basis of Measurement</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The financial statements have been prepared under the historical cost convention, except for certain financial instruments which are measured at fair value.</p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Functional Currency Explanatory
DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory
|
<p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(d)</b></kbd><kbd style="margin-left:72pt"/><b>Functional and presentation currency</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The financial statements are presented in Canadian dollars, which is Company’s functional and presentation currency.</p> | |
| CY2023 | ifrs-full |
Disclosure Of Accounting Judgements And Estimates Explanatory
DisclosureOfAccountingJudgementsAndEstimatesExplanatory
|
<p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(e)</b></kbd><kbd style="margin-left:72pt"/><b>Critical accounting judgements</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The preparation of these financial statements, in conformity with IFRS, requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions of accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected by that revision.</p> <p style="font:11pt Times New Roman;margin:0;margin-left:81.35pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-27.35pt"><b>(i)</b></kbd><b>Going concern</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:54pt;text-align:justify">The Company’s ability to execute its strategy by funding future working capital requirements requires judgment. Assumptions are continually evaluated and are based on historical experience and expectations of future events that are believed to be reasonable under the circumstances (see Note 2(b)).</p> | |
| CY2023 | ifrs-full |
Disclosure Of Summary Of Significant Accounting Policies Explanatory
DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory
|
<p style="font:11pt Times New Roman;margin-top:12pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt"><b>3.</b></kbd><kbd style="margin-left:36pt"/><b>SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The accounting policies set out below have been applied consistently, to all periods presented in these financial statements. The significant accounting policies adopted by the Company are as follows:</p> <p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(a)</b></kbd><kbd style="margin-left:72pt"/><b>Foreign currency translation</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The monetary assets and liabilities of the Company that are denominated in foreign currencies are translated to the functional currency at the rate of exchange at the reporting date and non-monetary items are translated using the exchange rate at the date of the transaction. Revenues and expenses are translated at the exchange rates approximating those in effect at the time of the transaction. Exchange gains and losses arising on translation are included in the statements of comprehensive loss.</p> <p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(b)</b></kbd><kbd style="margin-left:72pt"/><b>Cash and cash equivalents</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Cash includes cash on hand and demand deposits. Cash equivalents includes short-term, highly liquid investments that are readily convertible to known amounts of cash and have a maturity date of less than 90 days from the initial acquisition date of the investment and are subject to an insignificant risk of change in value.</p> <p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(c)</b></kbd><kbd style="margin-left:72pt"/><b>Mineral property interests and Exploration and evaluation assets</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">All costs related to the acquisition of mineral properties are capitalized as Mineral Property interest. The recorded cost of mineral property interests is based on cash paid and the fair market value of share consideration issued for mineral property interest acquisitions.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">All pre-exploration costs, i.e. costs incurred prior to obtaining the legal right to undertake exploration and evaluation activities on an area of interest, are expensed as incurred. Once the legal right to explore has been acquired, exploration and evaluation expenditures are capitalized in respect of each identifiable area of interest until the technical feasibility and commercial viability of extracting a mineral resource are demonstrable. Costs incurred include appropriate technical overheads. Exploration and evaluation assets are carried at historical cost, less any impairment losses recognized.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">When technical feasibility and commercial viability of extracting a mineral resource are demonstrable for an area of interest, the Company stops capitalizing exploration and evaluation costs for that area, tests recognized exploration and evaluation assets for impairment and reclassifies any unimpaired exploration and evaluation assets either as tangible or intangible mine development assets according to the nature of the assets. Mineral properties are reviewed for impairment whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. If, after management review, it is determined that the carrying amount of a mineral property is impaired, that property is written down to its estimated net realizable value. When a property is abandoned, all related costs are written off to operations.</p> <p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(d)</b></kbd><kbd style="margin-left:72pt"/><b>Impairment</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:0pt;margin-left:81.35pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-27.35pt"><b>(i)</b></kbd><b>Financial assets</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:54pt;text-align:justify">The Company assesses on a forward-looking basis, the expected credit losses associated with its assets, even if no actual loss events have taken place. In addition to past events and current conditions, reasonable and supportable forward-looking information that is available without undue cost or effort is considered in determining impairment. One model applies to all financial instruments subject to impairment testing.</p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:0pt;margin-left:81.35pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-27.35pt"><b>(ii)</b></kbd><b>Non-financial assets</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:54pt;text-align:justify">The carrying amounts of equipment, vehicles and furniture are reviewed at each reporting date to determine whether there is any indication of impairment.</p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:54pt;text-align:justify">The carrying amounts of mining properties and exploration and evaluation assets are assessed for impairment only when indicators of impairment exist, typically when one of the following circumstances applies:</p> <p style="font:11pt Times New Roman;margin:0;margin-left:81pt"><kbd style="position:absolute;font:11pt Symbol;margin-left:0pt">·</kbd><kbd style="margin-left:27pt"/>Exploration rights have / will expire in the near future; </p> <p style="font:11pt Times New Roman;margin:0;margin-left:81pt"><kbd style="position:absolute;font:11pt Symbol;margin-left:0pt">·</kbd><kbd style="margin-left:27pt"/>No future substantive exploration expenditures are budgeted; </p> <p style="font:11pt Times New Roman;margin:0;margin-left:81pt"><kbd style="position:absolute;font:11pt Symbol;margin-left:0pt">·</kbd><kbd style="margin-left:27pt"/>No commercially viable quantities discovered and exploration and evaluation activities will be discontinued; </p> <p style="font:11pt Times New Roman;margin:0;margin-left:81pt"><kbd style="position:absolute;font:11pt Symbol;margin-left:0pt">·</kbd><kbd style="margin-left:27pt"/>Exploration and evaluation assets are unlikely to be fully recovered from successful development or sale. If any such indication exists, then the asset’s recoverable amount is estimated. </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:54pt;text-align:justify">Prior to January 31, 2022, the carrying value of the exploration and evaluation assets was reflective of historical costs incurred, which may or may not reflect their eventual recoverable value.</p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:54pt;text-align:justify">Mining properties and exploration and evaluation assets are also assessed for impairment upon the transfer of exploration and evaluation assets to development assets regardless of whether facts and circumstances indicate that the carrying amount of the exploration and evaluation assets is in excess of their recoverable amount.</p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:54pt;text-align:justify">The recoverable amount of an asset (or cash-generating unit) is the greater of its value in use and its fair value less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. For the purpose of impairment testing, assets that cannot be tested individually are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or groups of assets (the "cash-generating unit", or "CGU"). The level identified by the group for the purposes of testing exploration and evaluation assets for impairment corresponds to each mining property.</p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:54pt;text-align:justify">An impairment loss is recognized if the carrying amount of an asset or its CGU exceeds its estimated recoverable amount. Impairment losses are recognized in profit or loss. Impairment losses recognized in respect of CGUs are allocated to the assets in the unit (group of units) on a pro rata basis.</p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:54pt;text-align:justify">Impairment losses recognized in prior periods are assessed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognized.</p> <p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(e)</b></kbd><kbd style="margin-left:72pt"/><b>Restoration and close down provision</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The Company is required to have a bond in place in an amount determined by the Ministry of Mines to provide for the costs of reclamation of the site disturbances. This bond shows as Reclamation deposit in the assets on the statement of financial position. The reclamation obligation is generally considered to have been incurred when mine assets are constructed or the ground environment is disturbed at the project location.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The Company also estimates the timing of the outlays, which is subject to change depending on continued operation or newly discovered reserves. Additional disturbances or changes in restoration obligations will be recognized when they occur.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The Company has determined that it has no additional restoration obligations as at January 31, 2023.</p> <p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(f)</b></kbd><kbd style="margin-left:72pt"/><b>Equipment, vehicles and furniture</b> </p> <p style="font:11pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">Equipment, vehicles and furniture are recorded at cost. Depreciation is calculated on the residual value, which is the historical cost of an asset less the prior allowances made. Depreciation methods, useful life and residual value are reviewed at each financial year-end and adjusted, if appropriate. Where an item of equipment, vehicles and furniture is comprised of major components with different useful lives, the components are accounted for as separate items. The Company currently provides for depreciation annually as follows:</p> <table style="border-collapse:collapse;margin-left:77.4pt"><tr><td style="width:182.7pt" valign="top"/><td style="width:184.5pt" valign="top"/></tr> <tr><td style="width:182.7pt" valign="top"><p style="font:11pt Times New Roman;margin:0">Automobile</p> </td><td style="width:184.5pt" valign="top"><p style="font:11pt Times New Roman;margin:0">30% declining balance</p> </td></tr> <tr><td style="width:182.7pt" valign="top"><p style="font:11pt Times New Roman;margin:0">Computer equipment</p> </td><td style="width:184.5pt" valign="top"><p style="font:11pt Times New Roman;margin:0">30% to 45% declining balance</p> </td></tr> <tr><td style="width:182.7pt" valign="top"><p style="font:11pt Times New Roman;margin:0">Office furniture and equipment</p> </td><td style="width:184.5pt" valign="top"><p style="font:11pt Times New Roman;margin:0">20% declining balance</p> </td></tr> </table> <p style="font:11pt Times New Roman;margin:0"> </p> <p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(g)</b></kbd><kbd style="margin-left:72pt"/><b>Option based payments</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The Company has an equity settled stock option plan that grants options to buy common shares of the Company to Eligible Persons (as defined by the policies of the TSX Venture Exchange and/or National Instrument 45-106). The fair value of stock options are estimated at the measurement date, using the Black-Scholes option pricing model and recorded as option based payments expense in the statement of comprehensive loss and credited to contributed surplus within shareholders’ equity, over the vesting period of the stock options, based on the Company’s estimate of the number of stock options that will eventually vest.</p> <p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(h)</b></kbd><kbd style="margin-left:72pt"/><b>Private placement unit offerings</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The Company engages in equity financing transactions to obtain the funds necessary to continue operations. These equity financing transactions involve issuance of common shares or units (“Units”). A Unit comprises a specific number of common shares and a specific number of share purchase warrants (“Warrants”) at a set price. The Warrants are exercisable into additional common shares prior to expiry at a price and on the terms and conditions stipulated by the Financing Agreement.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Warrants that are part of Units are valued using residual value method which involves comparing the selling price of the Units to the Company’s share price on the announcement date of the financing. The market value is then applied to the common share purchase (“Share Capital”), and any residual amount is assigned to the Warrants (“Warrant Reserve”).</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Warrants that are issued as payments for agency fees or other transaction costs are accounted for as share-based payments and are recognized in equity.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Under IAS 32, these warrants are an equity instrument as they are not issued in exchange for goods or services and are exercisable for a fixed amount of cash, denominated in the functional currency. Warrants classified as equity instruments are not subsequently re-measured for changes in fair value.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">If a Warrant holder exercises the option to convert the Warrants into common shares, the accounting for the exercise will include the transfer of the Warrant Reserve value to the Share Capital account. The accounting for unexercised Warrants will transfer the Warrant Reserve value to the Contributed Surplus account at the date the Warrants expire unexercised.</p> <p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(i)</b></kbd><kbd style="margin-left:72pt"/><b>Loss per share</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The basic and diluted loss per share shown in these statements is calculated using the weighted-average number of common shares outstanding during the year.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The weighted average number of common shares outstanding for the year ended January 31, 2023 does not include the 3,225,000 (2022 – 3,075,000) stock options outstanding as the inclusion of these amounts would reduce the loss per share amount and are therefore considered anti-dilutive.</p> <p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(j)</b></kbd><kbd style="margin-left:72pt"/><b>Income taxes</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Income tax expense comprises current and deferred tax. Income tax is recognized in the statements of comprehensive loss except to the extent it relates to items recognized in other comprehensive income or directly in equity.</p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:0pt;margin-left:81.35pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-27.35pt"><b>(i)</b></kbd><b>Current tax</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:54pt;text-align:justify">Current tax expense is based on the results for the period as adjusted for items that are not taxable or not deductible. Current tax is calculated using tax rates and laws that were enacted or substantively enacted at the end of the reporting period. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. Provisions are established where appropriate on the basis of amounts expected to be paid to the tax authorities.</p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:0pt;margin-left:81.35pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-27.35pt"><b>(ii)</b></kbd><b>Deferred tax</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:54pt;text-align:justify">Deferred taxes are the taxes expected to be payable or recoverable on the difference between the carrying amounts of assets in the statement of financial position and their corresponding tax bases used in the computation of taxable profit, and are accounted for using the statement of financial position liability method. Deferred tax liabilities are generally recognized for all taxable temporary differences between the carrying amounts of assets and their corresponding tax bases. Deferred tax assets are recognized to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilized. Such assets and liabilities are not recognized if the temporary difference arises from the initial recognition of goodwill or from the initial recognition (other than in a business combination) of other assets in a transaction that affects neither the taxable profit nor the accounting profit.</p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:0pt;margin-left:54pt;text-align:justify"><i>Deferred tax liabilities:</i></p> <p style="font:11pt Times New Roman;margin:0;margin-left:72pt;text-align:justify"><kbd style="position:absolute;font:11pt Symbol;margin-left:0pt">·</kbd><kbd style="margin-left:36pt"/>are generally recognized for all taxable temporary differences; </p> <p style="font:11pt Times New Roman;margin:0;margin-left:72pt;text-align:justify"><kbd style="position:absolute;font:11pt Symbol;margin-left:0pt">·</kbd><kbd style="margin-left:36pt"/>are recognized for taxable temporary differences arising on investments in subsidiaries except where the reversal of the temporary difference can be controlled and it is probable that the difference will not reverse in the foreseeable future; and </p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:72pt;text-align:justify"><kbd style="position:absolute;font:11pt Symbol;margin-left:0pt">·</kbd><kbd style="margin-left:36pt"/>are not recognized on temporary differences that arise from goodwill which is not deductible for tax purposes. </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:0pt;margin-left:54pt;text-align:justify"><i>Deferred tax assets:</i></p> <p style="font:11pt Times New Roman;margin:0;margin-left:72pt;text-align:justify"><kbd style="position:absolute;font:11pt Symbol;margin-left:0pt">·</kbd><kbd style="margin-left:36pt"/>are recognized to the extent it is probable that taxable profits will be available against which the deductible temporary differences can be utilized; and </p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:72pt;text-align:justify"><kbd style="position:absolute;font:11pt Symbol;margin-left:0pt">·</kbd><kbd style="margin-left:36pt"/>are reviewed at the end of the reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of an asset to be recovered. </p> <p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(k)</b></kbd><kbd style="margin-left:72pt"/><b>Financial instruments</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The Company recognizes all financial assets initially at fair value and classifies them into one of the following measurement categories: fair value through profit or loss (“FVTPL”), fair value through other comprehensive (“FVTOCI”) or amortized cost, as appropriate.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Financial liabilities are initially recognized at fair value and classified as either FVTPL or amortized cost, as appropriate.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Financial assets are derecognized when the rights to receive cash flows from the investments have expired or have been transferred and the Company has transferred substantially all risks and rewards of ownership.</p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">At each reporting date, the Company assesses whether there is objective evidence that a financial asset has been impaired.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The Company had made the following classification of its financial instruments:</p> <table style="border-collapse:collapse;width:337.5pt;margin-left:56.15pt"><tr><td style="width:220.5pt;padding-left:2.15pt;padding-right:2.15pt" valign="top"><p style="font:11pt Times New Roman;margin:0"><b>Financial asset or liability</b></p> </td><td style="width:117pt;padding-left:2.15pt;padding-right:2.15pt" valign="top"><p style="font:11pt Times New Roman;margin:0"><b>Category</b></p> </td></tr> <tr><td style="width:220.5pt;padding-left:2.15pt;padding-right:2.15pt" valign="top"><p style="font:11pt Times New Roman;margin:0">Cash and cash equivalents</p> </td><td style="width:117pt;padding-left:2.15pt;padding-right:2.15pt" valign="top"><p style="font:11pt Times New Roman;margin:0">amortized cost</p> </td></tr> <tr><td style="width:220.5pt;padding-left:2.15pt;padding-right:2.15pt" valign="top"><p style="font:11pt Times New Roman;margin:0">Receivables (excluding GST receivable)</p> </td><td style="width:117pt;padding-left:2.15pt;padding-right:2.15pt" valign="top"><p style="font:11pt Times New Roman;margin:0">amortized cost</p> </td></tr> <tr><td style="width:220.5pt;padding-left:2.15pt;padding-right:2.15pt" valign="top"><p style="font:11pt Times New Roman;margin:0">Reclamation deposits</p> </td><td style="width:117pt;padding-left:2.15pt;padding-right:2.15pt" valign="top"><p style="font:11pt Times New Roman;margin:0">amortized cost</p> </td></tr> <tr><td style="width:220.5pt;padding-left:2.15pt;padding-right:2.15pt" valign="top"><p style="font:11pt Times New Roman;margin:0">Accounts payable and accrued liabilities</p> </td><td style="width:117pt;padding-left:2.15pt;padding-right:2.15pt" valign="top"><p style="font:11pt Times New Roman;margin:0">amortized cost</p> </td></tr> <tr><td style="width:220.5pt;padding-left:2.15pt;padding-right:2.15pt" valign="top"><p style="font:11pt Times New Roman;margin:0">Amounts owing to related parties</p> </td><td style="width:117pt;padding-left:2.15pt;padding-right:2.15pt" valign="top"><p style="font:11pt Times New Roman;margin:0">amortized cost</p> </td></tr> </table> <p style="font:11pt Times New Roman;margin:0"> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Financial instruments measured at fair value are classified into one of the three levels in the fair value hierarchy according to the relative reliability of the inputs used to estimate the fair values. The three levels of the fair value hierarchy are:</p> <p style="font:11pt Times New Roman;margin:0;margin-left:54pt;text-align:justify"><kbd style="position:absolute;font:11pt Symbol;margin-left:0pt">·</kbd><kbd style="margin-left:18pt"/>Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities; </p> <p style="font:11pt Times New Roman;margin:0;margin-left:54pt;text-align:justify"><kbd style="position:absolute;font:11pt Symbol;margin-left:0pt">·</kbd><kbd style="margin-left:18pt"/>Level 2 – Inputs other than quoted prices that are observable for the asset or liability either directly or indirectly; </p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:54pt;text-align:justify"><kbd style="position:absolute;font:11pt Symbol;margin-left:0pt">·</kbd><kbd style="margin-left:18pt"/>Level 3 – Inputs that are not based on observable market data. </p> <p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(l)</b></kbd><kbd style="margin-left:72pt"/><b>Equity instruments</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Equity instruments issued by the Company are recorded at the proceeds received net of direct issuance costs. The Company has its common shares as equity instruments.</p> <p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(m)</b></kbd><kbd style="margin-left:72pt"/><b>Leases</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Leasing activity for the Company typically involves the lease of office space. For the fiscal year ended January 31, 2023, the Company held a twelve month rental lease for the office premises space. The payments made under the rental contract total $93,406 (2022 - $90,944) for the fiscal year. This amount is included in office rent on the statement of comprehensive loss.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Another 12 month rental agreement for the office space has been signed for the fiscal year ending January 31, 2024. The payments for the rental are approximately $77,314 for the next fiscal year. This amount will be included in office rent on the statement of comprehensive loss.</p> <p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(n)</b></kbd><kbd style="margin-left:72pt"/><b>Provisions</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">A provision is recognized if, as a result of a past event, the Company has a present legal or constructive obligation that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects the current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognized as a finance cost. The Company has not recognized any legal or constructive obligations based on past events during the current period.</p> <p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(o)</b></kbd><kbd style="margin-left:72pt"/><b>Finance costs</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Finance costs comprise interest expense on borrowings and the reversal of the discount on provisions. Borrowing costs that are not directly attributable to the acquisition, construction or production of a qualifying asset are recognized in the income statement using the effective interest method. The Company currently does not have any finance costs.</p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Foreign Currency Translation Explanatory
DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory
|
<p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(a)</b></kbd><kbd style="margin-left:72pt"/><b>Foreign currency translation</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The monetary assets and liabilities of the Company that are denominated in foreign currencies are translated to the functional currency at the rate of exchange at the reporting date and non-monetary items are translated using the exchange rate at the date of the transaction. Revenues and expenses are translated at the exchange rates approximating those in effect at the time of the transaction. Exchange gains and losses arising on translation are included in the statements of comprehensive loss.</p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy To Determine Components Of Cash And Cash Equivalents
DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents
|
<p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(b)</b></kbd><kbd style="margin-left:72pt"/><b>Cash and cash equivalents</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Cash includes cash on hand and demand deposits. Cash equivalents includes short-term, highly liquid investments that are readily convertible to known amounts of cash and have a maturity date of less than 90 days from the initial acquisition date of the investment and are subject to an insignificant risk of change in value.</p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Exploration And Evaluation Expenditures
DescriptionOfAccountingPolicyForExplorationAndEvaluationExpenditures
|
<p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(c)</b></kbd><kbd style="margin-left:72pt"/><b>Mineral property interests and Exploration and evaluation assets</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">All costs related to the acquisition of mineral properties are capitalized as Mineral Property interest. The recorded cost of mineral property interests is based on cash paid and the fair market value of share consideration issued for mineral property interest acquisitions.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">All pre-exploration costs, i.e. costs incurred prior to obtaining the legal right to undertake exploration and evaluation activities on an area of interest, are expensed as incurred. Once the legal right to explore has been acquired, exploration and evaluation expenditures are capitalized in respect of each identifiable area of interest until the technical feasibility and commercial viability of extracting a mineral resource are demonstrable. Costs incurred include appropriate technical overheads. Exploration and evaluation assets are carried at historical cost, less any impairment losses recognized.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">When technical feasibility and commercial viability of extracting a mineral resource are demonstrable for an area of interest, the Company stops capitalizing exploration and evaluation costs for that area, tests recognized exploration and evaluation assets for impairment and reclassifies any unimpaired exploration and evaluation assets either as tangible or intangible mine development assets according to the nature of the assets. Mineral properties are reviewed for impairment whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. If, after management review, it is determined that the carrying amount of a mineral property is impaired, that property is written down to its estimated net realizable value. When a property is abandoned, all related costs are written off to operations.</p> | |
| CY2023 | ifrs-full |
Disclosure Of Impairment Of Assets Explanatory
DisclosureOfImpairmentOfAssetsExplanatory
|
<p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(d)</b></kbd><kbd style="margin-left:72pt"/><b>Impairment</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:0pt;margin-left:81.35pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-27.35pt"><b>(i)</b></kbd><b>Financial assets</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:54pt;text-align:justify">The Company assesses on a forward-looking basis, the expected credit losses associated with its assets, even if no actual loss events have taken place. In addition to past events and current conditions, reasonable and supportable forward-looking information that is available without undue cost or effort is considered in determining impairment. One model applies to all financial instruments subject to impairment testing.</p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:0pt;margin-left:81.35pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-27.35pt"><b>(ii)</b></kbd><b>Non-financial assets</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:54pt;text-align:justify">The carrying amounts of equipment, vehicles and furniture are reviewed at each reporting date to determine whether there is any indication of impairment.</p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:54pt;text-align:justify">The carrying amounts of mining properties and exploration and evaluation assets are assessed for impairment only when indicators of impairment exist, typically when one of the following circumstances applies:</p> <p style="font:11pt Times New Roman;margin:0;margin-left:81pt"><kbd style="position:absolute;font:11pt Symbol;margin-left:0pt">·</kbd><kbd style="margin-left:27pt"/>Exploration rights have / will expire in the near future; </p> <p style="font:11pt Times New Roman;margin:0;margin-left:81pt"><kbd style="position:absolute;font:11pt Symbol;margin-left:0pt">·</kbd><kbd style="margin-left:27pt"/>No future substantive exploration expenditures are budgeted; </p> <p style="font:11pt Times New Roman;margin:0;margin-left:81pt"><kbd style="position:absolute;font:11pt Symbol;margin-left:0pt">·</kbd><kbd style="margin-left:27pt"/>No commercially viable quantities discovered and exploration and evaluation activities will be discontinued; </p> <p style="font:11pt Times New Roman;margin:0;margin-left:81pt"><kbd style="position:absolute;font:11pt Symbol;margin-left:0pt">·</kbd><kbd style="margin-left:27pt"/>Exploration and evaluation assets are unlikely to be fully recovered from successful development or sale. If any such indication exists, then the asset’s recoverable amount is estimated. </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:54pt;text-align:justify">Prior to January 31, 2022, the carrying value of the exploration and evaluation assets was reflective of historical costs incurred, which may or may not reflect their eventual recoverable value.</p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:54pt;text-align:justify">Mining properties and exploration and evaluation assets are also assessed for impairment upon the transfer of exploration and evaluation assets to development assets regardless of whether facts and circumstances indicate that the carrying amount of the exploration and evaluation assets is in excess of their recoverable amount.</p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:54pt;text-align:justify">The recoverable amount of an asset (or cash-generating unit) is the greater of its value in use and its fair value less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. For the purpose of impairment testing, assets that cannot be tested individually are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or groups of assets (the "cash-generating unit", or "CGU"). The level identified by the group for the purposes of testing exploration and evaluation assets for impairment corresponds to each mining property.</p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:54pt;text-align:justify">An impairment loss is recognized if the carrying amount of an asset or its CGU exceeds its estimated recoverable amount. Impairment losses are recognized in profit or loss. Impairment losses recognized in respect of CGUs are allocated to the assets in the unit (group of units) on a pro rata basis.</p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:54pt;text-align:justify">Impairment losses recognized in prior periods are assessed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognized.</p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Decommissioning Restoration And Rehabilitation Provisions Explanatory
DescriptionOfAccountingPolicyForDecommissioningRestorationAndRehabilitationProvisionsExplanatory
|
<p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(e)</b></kbd><kbd style="margin-left:72pt"/><b>Restoration and close down provision</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The Company is required to have a bond in place in an amount determined by the Ministry of Mines to provide for the costs of reclamation of the site disturbances. This bond shows as Reclamation deposit in the assets on the statement of financial position. The reclamation obligation is generally considered to have been incurred when mine assets are constructed or the ground environment is disturbed at the project location.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The Company also estimates the timing of the outlays, which is subject to change depending on continued operation or newly discovered reserves. Additional disturbances or changes in restoration obligations will be recognized when they occur.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The Company has determined that it has no additional restoration obligations as at January 31, 2023.</p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Property Plant And Equipment Explanatory
DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory
|
<p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(f)</b></kbd><kbd style="margin-left:72pt"/><b>Equipment, vehicles and furniture</b> </p> <p style="font:11pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">Equipment, vehicles and furniture are recorded at cost. Depreciation is calculated on the residual value, which is the historical cost of an asset less the prior allowances made. Depreciation methods, useful life and residual value are reviewed at each financial year-end and adjusted, if appropriate. Where an item of equipment, vehicles and furniture is comprised of major components with different useful lives, the components are accounted for as separate items. The Company currently provides for depreciation annually as follows:</p> <table style="border-collapse:collapse;margin-left:77.4pt"><tr><td style="width:182.7pt" valign="top"/><td style="width:184.5pt" valign="top"/></tr> <tr><td style="width:182.7pt" valign="top"><p style="font:11pt Times New Roman;margin:0">Automobile</p> </td><td style="width:184.5pt" valign="top"><p style="font:11pt Times New Roman;margin:0">30% declining balance</p> </td></tr> <tr><td style="width:182.7pt" valign="top"><p style="font:11pt Times New Roman;margin:0">Computer equipment</p> </td><td style="width:184.5pt" valign="top"><p style="font:11pt Times New Roman;margin:0">30% to 45% declining balance</p> </td></tr> <tr><td style="width:182.7pt" valign="top"><p style="font:11pt Times New Roman;margin:0">Office furniture and equipment</p> </td><td style="width:184.5pt" valign="top"><p style="font:11pt Times New Roman;margin:0">20% declining balance</p> </td></tr> </table> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Sharebased Payment Transactions Explanatory
DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory
|
<p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(g)</b></kbd><kbd style="margin-left:72pt"/><b>Option based payments</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The Company has an equity settled stock option plan that grants options to buy common shares of the Company to Eligible Persons (as defined by the policies of the TSX Venture Exchange and/or National Instrument 45-106). The fair value of stock options are estimated at the measurement date, using the Black-Scholes option pricing model and recorded as option based payments expense in the statement of comprehensive loss and credited to contributed surplus within shareholders’ equity, over the vesting period of the stock options, based on the Company’s estimate of the number of stock options that will eventually vest.</p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Earnings Per Share Explanatory
DescriptionOfAccountingPolicyForEarningsPerShareExplanatory
|
<p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(i)</b></kbd><kbd style="margin-left:72pt"/><b>Loss per share</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The basic and diluted loss per share shown in these statements is calculated using the weighted-average number of common shares outstanding during the year.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The weighted average number of common shares outstanding for the year ended January 31, 2023 does not include the 3,225,000 (2022 – 3,075,000) stock options outstanding as the inclusion of these amounts would reduce the loss per share amount and are therefore considered anti-dilutive.</p> | |
| CY2023Q1 | fil |
Anti Dilutive Stock Options Outstanding
AntiDilutiveStockOptionsOutstanding
|
3225000 | shares |
| CY2022Q1 | fil |
Anti Dilutive Stock Options Outstanding
AntiDilutiveStockOptionsOutstanding
|
3075000 | shares |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Income Tax Explanatory
DescriptionOfAccountingPolicyForIncomeTaxExplanatory
|
<p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(j)</b></kbd><kbd style="margin-left:72pt"/><b>Income taxes</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Income tax expense comprises current and deferred tax. Income tax is recognized in the statements of comprehensive loss except to the extent it relates to items recognized in other comprehensive income or directly in equity.</p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:0pt;margin-left:81.35pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-27.35pt"><b>(i)</b></kbd><b>Current tax</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:54pt;text-align:justify">Current tax expense is based on the results for the period as adjusted for items that are not taxable or not deductible. Current tax is calculated using tax rates and laws that were enacted or substantively enacted at the end of the reporting period. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. Provisions are established where appropriate on the basis of amounts expected to be paid to the tax authorities.</p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:0pt;margin-left:81.35pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-27.35pt"><b>(ii)</b></kbd><b>Deferred tax</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:54pt;text-align:justify">Deferred taxes are the taxes expected to be payable or recoverable on the difference between the carrying amounts of assets in the statement of financial position and their corresponding tax bases used in the computation of taxable profit, and are accounted for using the statement of financial position liability method. Deferred tax liabilities are generally recognized for all taxable temporary differences between the carrying amounts of assets and their corresponding tax bases. Deferred tax assets are recognized to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilized. Such assets and liabilities are not recognized if the temporary difference arises from the initial recognition of goodwill or from the initial recognition (other than in a business combination) of other assets in a transaction that affects neither the taxable profit nor the accounting profit.</p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:0pt;margin-left:54pt;text-align:justify"><i>Deferred tax liabilities:</i></p> <p style="font:11pt Times New Roman;margin:0;margin-left:72pt;text-align:justify"><kbd style="position:absolute;font:11pt Symbol;margin-left:0pt">·</kbd><kbd style="margin-left:36pt"/>are generally recognized for all taxable temporary differences; </p> <p style="font:11pt Times New Roman;margin:0;margin-left:72pt;text-align:justify"><kbd style="position:absolute;font:11pt Symbol;margin-left:0pt">·</kbd><kbd style="margin-left:36pt"/>are recognized for taxable temporary differences arising on investments in subsidiaries except where the reversal of the temporary difference can be controlled and it is probable that the difference will not reverse in the foreseeable future; and </p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:72pt;text-align:justify"><kbd style="position:absolute;font:11pt Symbol;margin-left:0pt">·</kbd><kbd style="margin-left:36pt"/>are not recognized on temporary differences that arise from goodwill which is not deductible for tax purposes. </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:0pt;margin-left:54pt;text-align:justify"><i>Deferred tax assets:</i></p> <p style="font:11pt Times New Roman;margin:0;margin-left:72pt;text-align:justify"><kbd style="position:absolute;font:11pt Symbol;margin-left:0pt">·</kbd><kbd style="margin-left:36pt"/>are recognized to the extent it is probable that taxable profits will be available against which the deductible temporary differences can be utilized; and </p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:72pt;text-align:justify"><kbd style="position:absolute;font:11pt Symbol;margin-left:0pt">·</kbd><kbd style="margin-left:36pt"/>are reviewed at the end of the reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of an asset to be recovered. </p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Financial Instruments Explanatory
DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory
|
<p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(k)</b></kbd><kbd style="margin-left:72pt"/><b>Financial instruments</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The Company recognizes all financial assets initially at fair value and classifies them into one of the following measurement categories: fair value through profit or loss (“FVTPL”), fair value through other comprehensive (“FVTOCI”) or amortized cost, as appropriate.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Financial liabilities are initially recognized at fair value and classified as either FVTPL or amortized cost, as appropriate.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Financial assets are derecognized when the rights to receive cash flows from the investments have expired or have been transferred and the Company has transferred substantially all risks and rewards of ownership.</p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">At each reporting date, the Company assesses whether there is objective evidence that a financial asset has been impaired.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The Company had made the following classification of its financial instruments:</p> <table style="border-collapse:collapse;width:337.5pt;margin-left:56.15pt"><tr><td style="width:220.5pt;padding-left:2.15pt;padding-right:2.15pt" valign="top"><p style="font:11pt Times New Roman;margin:0"><b>Financial asset or liability</b></p> </td><td style="width:117pt;padding-left:2.15pt;padding-right:2.15pt" valign="top"><p style="font:11pt Times New Roman;margin:0"><b>Category</b></p> </td></tr> <tr><td style="width:220.5pt;padding-left:2.15pt;padding-right:2.15pt" valign="top"><p style="font:11pt Times New Roman;margin:0">Cash and cash equivalents</p> </td><td style="width:117pt;padding-left:2.15pt;padding-right:2.15pt" valign="top"><p style="font:11pt Times New Roman;margin:0">amortized cost</p> </td></tr> <tr><td style="width:220.5pt;padding-left:2.15pt;padding-right:2.15pt" valign="top"><p style="font:11pt Times New Roman;margin:0">Receivables (excluding GST receivable)</p> </td><td style="width:117pt;padding-left:2.15pt;padding-right:2.15pt" valign="top"><p style="font:11pt Times New Roman;margin:0">amortized cost</p> </td></tr> <tr><td style="width:220.5pt;padding-left:2.15pt;padding-right:2.15pt" valign="top"><p style="font:11pt Times New Roman;margin:0">Reclamation deposits</p> </td><td style="width:117pt;padding-left:2.15pt;padding-right:2.15pt" valign="top"><p style="font:11pt Times New Roman;margin:0">amortized cost</p> </td></tr> <tr><td style="width:220.5pt;padding-left:2.15pt;padding-right:2.15pt" valign="top"><p style="font:11pt Times New Roman;margin:0">Accounts payable and accrued liabilities</p> </td><td style="width:117pt;padding-left:2.15pt;padding-right:2.15pt" valign="top"><p style="font:11pt Times New Roman;margin:0">amortized cost</p> </td></tr> <tr><td style="width:220.5pt;padding-left:2.15pt;padding-right:2.15pt" valign="top"><p style="font:11pt Times New Roman;margin:0">Amounts owing to related parties</p> </td><td style="width:117pt;padding-left:2.15pt;padding-right:2.15pt" valign="top"><p style="font:11pt Times New Roman;margin:0">amortized cost</p> </td></tr> </table> <p style="font:11pt Times New Roman;margin:0"> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Financial instruments measured at fair value are classified into one of the three levels in the fair value hierarchy according to the relative reliability of the inputs used to estimate the fair values. The three levels of the fair value hierarchy are:</p> <p style="font:11pt Times New Roman;margin:0;margin-left:54pt;text-align:justify"><kbd style="position:absolute;font:11pt Symbol;margin-left:0pt">·</kbd><kbd style="margin-left:18pt"/>Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities; </p> <p style="font:11pt Times New Roman;margin:0;margin-left:54pt;text-align:justify"><kbd style="position:absolute;font:11pt Symbol;margin-left:0pt">·</kbd><kbd style="margin-left:18pt"/>Level 2 – Inputs other than quoted prices that are observable for the asset or liability either directly or indirectly; </p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:54pt;text-align:justify"><kbd style="position:absolute;font:11pt Symbol;margin-left:0pt">·</kbd><kbd style="margin-left:18pt"/>Level 3 – Inputs that are not based on observable market data. </p> | |
| CY2023 | ifrs-full |
Disclosure Of Fair Value Measurement Of Equity Explanatory
DisclosureOfFairValueMeasurementOfEquityExplanatory
|
<p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(l)</b></kbd><kbd style="margin-left:72pt"/><b>Equity instruments</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Equity instruments issued by the Company are recorded at the proceeds received net of direct issuance costs. The Company has its common shares as equity instruments.</p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Leases Explanatory
DescriptionOfAccountingPolicyForLeasesExplanatory
|
<p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(m)</b></kbd><kbd style="margin-left:72pt"/><b>Leases</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Leasing activity for the Company typically involves the lease of office space. For the fiscal year ended January 31, 2023, the Company held a twelve month rental lease for the office premises space. The payments made under the rental contract total $93,406 (2022 - $90,944) for the fiscal year. This amount is included in office rent on the statement of comprehensive loss.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Another 12 month rental agreement for the office space has been signed for the fiscal year ending January 31, 2024. The payments for the rental are approximately $77,314 for the next fiscal year. This amount will be included in office rent on the statement of comprehensive loss.</p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Provisions Explanatory
DescriptionOfAccountingPolicyForProvisionsExplanatory
|
<p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(n)</b></kbd><kbd style="margin-left:72pt"/><b>Provisions</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">A provision is recognized if, as a result of a past event, the Company has a present legal or constructive obligation that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects the current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognized as a finance cost. The Company has not recognized any legal or constructive obligations based on past events during the current period.</p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Finance Costs Explanatory
DescriptionOfAccountingPolicyForFinanceCostsExplanatory
|
<p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(o)</b></kbd><kbd style="margin-left:72pt"/><b>Finance costs</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Finance costs comprise interest expense on borrowings and the reversal of the discount on provisions. Borrowing costs that are not directly attributable to the acquisition, construction or production of a qualifying asset are recognized in the income statement using the effective interest method. The Company currently does not have any finance costs.</p> | |
| CY2023 | ifrs-full |
Description Of Initial Application Of Standards Or Interpretations
DescriptionOfInitialApplicationOfStandardsOrInterpretations
|
<p style="font:11pt Times New Roman;margin-top:12pt;margin-bottom:0pt;margin-left:36pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-36pt"><b>4.</b></kbd><b>RECENTLY ADOPTED ACCOUNTING STANDARDS, AND ACCOUNTING STANDARDS ISSUED BUT NOT YET EFFECTIVE</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">There are no IFRS or International Financial Reporting Interpretations Committee interpretations that are not yet effective that would be expected to have a material impact on the Company’s financial statements.</p> | |
| CY2023 | ifrs-full |
Disclosure Of Exploration And Evaluation Assets Explanatory
DisclosureOfExplorationAndEvaluationAssetsExplanatory
|
<p style="font:11pt Times New Roman;margin-top:12pt;margin-bottom:0pt;margin-left:36pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-36pt"><b>5.</b></kbd><b>EXPLORATION AND EVALUATION ASSETS</b> </p> <p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt;margin-left:36pt"><b>Morrison claims, Omineca Mining Division, British Columbia</b></p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">In 1998, the Company obtained, and subsequently completed, an option from Noranda Mining and Exploration Inc. ("Noranda" which was subsequently acquired by Glencore PLC, "Glencore”) whereby it earned an initial 50% interest in the Morrison claims.</p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">On April 19, 2004, the Company signed an agreement whereby Noranda agreed to sell its remaining 50% interest to the Company such that the Company would have a 100% interest in the Morrison claims.</p> <p style="font:11pt Times New Roman;margin:0;margin-left:36pt">In order to obtain the remaining 50% interest, the Company agreed to:</p> <p style="font:11pt Times New Roman;margin:0;margin-left:72pt;text-align:justify"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-36pt">i)</kbd>on or before June 19, 2004, pay $1,000,000 (paid), issue 250,000 common shares (issued) and issue 250,000 share purchase warrants exercisable at $4.05 per share until June 5, 2006 (issued); </p> <p style="font:11pt Times New Roman;margin:0;margin-left:72pt;text-align:justify"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-36pt">ii)</kbd>pay $1,000,000 on or before October 19, 2005 (paid); </p> <p style="font:11pt Times New Roman;margin:0;margin-left:72pt;text-align:justify"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-36pt">iii)</kbd>pay $1,500,000 on or before April 19, 2007 (paid); and </p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:72pt;text-align:justify"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-36pt">iv)</kbd>issue 250,000 common shares on or before commencement of commercial production. In the event the trading price of the Company’s common shares is below $4.00 per share, the Company is obligated to pay, in cash, the difference between $1,000,000 and the average trading price which is less than $4.00 per share multiplied by 250,000 common shares. </p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The Company has agreed to execute a re-transfer of its 100% interest to Glencore if it fails to comply with the outstanding terms of the agreement ((iv) above).</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The Company has also acquired a 100% interest in certain mineral claims located contiguous to the Morrison claims, subject to 1.5% NSR royalty in consideration for the issuance of 45,000 common shares at a value of $180,000.</p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Title to mineral property interests 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 history characteristic of many mineral claims. The Company has investigated title to all of its mineral property interests and, to the best of its knowledge, title to all of its interests are in good standing.</p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The Company began exploration of the Morrison property in October 1997. A positive Feasibility Study, as defined by National Instrument 43-101, was released by the Company for the Morrison Copper/Gold Project in February 2009. The study described the scope, design and financial viability of a conventional open pit mine with a 30,000 tonnes per day mill with a 21 year mine life. The mineral reserve estimates have been prepared and classified in accordance with CIM Classification established under National Instrument 43-101 of the Canadian Securities Administrators. The reserve estimate takes into consideration all geologic, mining, milling and economic factors and is stated according to the Canadian Standards. Under US standards, no reserve declaration is possible until financing and permits are acquired.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The Company is currently in the design stage of the exploration and evaluation of the Morrison property.</p> <p style="font:11pt Times New Roman;margin:0"> </p> <p style="font:11pt Times New Roman;margin:0;margin-left:36pt"><b>Indication of Impairment</b></p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">An impairment allowance was recorded effective as at January 31, 2022 on the basis of the refusal by the BC Government to grant an Environmental Assessment certificate in February 2022. The Company was unable to demonstrate that a new application for the EAC would be successful or that the accumulated costs would be recoverable by a sale of the assets. Accordingly, the Company made an allowance for the full amount that had been capitalized as both acquisition and deferred exploration costs.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The impairment charge recorded is based solely on the lack of available objective evidence that would support an alternative estimate of fair value in respect to the property interest.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Prior to January 31, 2022, the Company had capitalized and continued to defer its historic exploration and evaluation costs incurred on the basis that no clear indicators of impairment existed.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">During the current fiscal year, the Company has re-commenced capitalizing current exploration and evaluation costs incurred on the project on the basis of a judgement that these are clearly immaterial in relation to the impairment charge taken during the comparative fiscal year, and in the context of the inherent uncertainty associated with the project's current fair value. On this basis, management is of the view that, as at January 31, 2023, no impairment indicators apply specifically in respect to the current carrying value of the property.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Impairment losses recognized in prior periods are assessed at each reporting date for any indications that the loss has decreased or no longer exists.</p> <p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:6pt"><kbd style="margin-left:36pt"/>Continuity of acquisition cost </p> <table style="border-collapse:collapse;width:450pt;margin-left:36pt"><tr><td style="width:193.5pt;border-top:3px double #000000;border-bottom:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><b>Morrison claims, Canada</b></p> </td><td colspan="2" style="width:81pt;border-top:3px double #000000;border-bottom:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:2.7pt;text-align:center"><b>2023</b></p> </td><td colspan="2" style="width:90pt;border-top:3px double #000000;border-bottom:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:center"><b>2022</b></p> </td><td colspan="2" style="width:85.5pt;border-top:3px double #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:center"><b>2021</b></p> </td></tr> <tr><td style="width:193.5pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:10.55pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:70.45pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right"> </p> </td><td style="width:12.95pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:77.05pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:14.55pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:70.95pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td style="width:193.5pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0">Balance, beginning of year</p> </td><td style="width:10.55pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:70.45pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">- </p> </td><td style="width:12.95pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:77.05pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">4,832,500</p> </td><td style="width:14.55pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:70.95pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">4,832,500</p> </td></tr> <tr><td style="width:193.5pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:10.55pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:70.45pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right"> </p> </td><td style="width:12.95pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:77.05pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:14.55pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:70.95pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right"> </p> </td></tr> <tr><td style="width:193.5pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0">Impairment Allowance</p> </td><td style="width:10.55pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:70.45pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">- </p> </td><td style="width:12.95pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:77.05pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:right">(4,832,500)</p> </td><td style="width:14.55pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:70.95pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">- </p> </td></tr> <tr><td style="width:193.5pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:10.55pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:70.45pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right"> </p> </td><td style="width:12.95pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:77.05pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:14.55pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:70.95pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right"> </p> </td></tr> <tr><td style="width:193.5pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0">Balance, end of year</p> </td><td style="width:10.55pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:70.45pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">- </p> </td><td style="width:12.95pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:77.05pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">- </p> </td><td style="width:14.55pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:70.95pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">4,832,500</p> </td></tr> </table> <p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:6pt;margin-left:36pt">Continuity of exploration costs</p> <table style="border-collapse:collapse;width:477pt;margin-left:41.4pt"><tr style="height:16.15pt"><td style="width:214.85pt;border-top:3px double #000000" valign="top"><p style="font:11pt Verdana;margin:0"><span style="font-family:Times New Roman"><b>Morrison claims, Canada</b></span></p> </td><td colspan="2" style="width:86.85pt;border-top:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:center"><b>2023</b></p> </td><td colspan="2" style="width:89.4pt;border-top:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:center"><b>2022</b></p> </td><td colspan="2" style="width:85.9pt;border-top:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:center"><b>2021</b></p> </td></tr> <tr><td style="width:214.85pt;border-top:0.75pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-9pt"> </p> </td><td style="width:16.35pt;border-top:0.75pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:70.5pt;border-top:0.75pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:16.35pt;border-top:0.75pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:73.05pt;border-top:0.75pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:16.35pt;border-top:0.75pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:69.55pt;border-top:0.75pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td style="width:214.85pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-9.35pt"><b>Balance, beginning of year</b></p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:70.5pt;padding-left:2.15pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">- </p> </td><td style="width:16.35pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:73.05pt;padding-left:2.15pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">24,880,659</p> </td><td style="width:16.35pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:69.55pt;padding-left:2.15pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">24,880,659</p> </td></tr> <tr><td style="width:214.85pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-9pt"> </p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:70.5pt;padding-left:2.15pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right"> </p> </td><td style="width:16.35pt;border-top:0.5pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:73.05pt;padding-left:2.15pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right"> </p> </td><td style="width:16.35pt;border-top:0.5pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:69.55pt;padding-left:2.15pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right"> </p> </td></tr> <tr><td style="width:214.85pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-9pt"><b>Exploration and evaluation costs</b></p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:70.5pt;padding-left:2.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right"> </p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:73.05pt;padding-left:2.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right"> </p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:69.55pt;padding-left:2.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right"> </p> </td></tr> <tr><td style="width:214.85pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-9pt">Additions</p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:70.5pt;padding-left:2.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right"> </p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:73.05pt;padding-left:2.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right"> </p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:69.55pt;padding-left:2.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right"> </p> </td></tr> <tr><td style="width:214.85pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-9pt"><kbd style="margin-left:18pt"/>Staking and recording </p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:70.5pt;padding-left:2.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">178,706</p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:73.05pt;padding-left:2.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">88,020</p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:69.55pt;padding-left:2.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">- </p> </td></tr> <tr><td style="width:214.85pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-9pt"><kbd style="margin-left:7.9pt"/>Environmental </p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:70.5pt;padding-left:2.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right"> </p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:73.05pt;padding-left:2.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right"> </p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:69.55pt;padding-left:2.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right"> </p> </td></tr> <tr><td style="width:214.85pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-9pt"><kbd style="margin-left:18pt"/>Geological and geophysical </p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:70.5pt;padding-left:2.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">- </p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:73.05pt;padding-left:2.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">2,300</p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:69.55pt;padding-left:2.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">- </p> </td></tr> <tr><td style="width:214.85pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-9pt"><kbd style="margin-left:18pt"/>Sub-contracts and labour </p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:70.5pt;padding-left:2.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">3,323</p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:73.05pt;padding-left:2.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">- </p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:69.55pt;padding-left:2.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">- </p> </td></tr> <tr><td style="width:214.85pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-9pt"><kbd style="margin-left:18pt"/>Supplies and general </p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:70.5pt;padding-left:2.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">100</p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:73.05pt;padding-left:2.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">- </p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:69.55pt;padding-left:2.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">- </p> </td></tr> <tr><td style="width:214.85pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-9pt"><kbd style="margin-left:18pt"/>Travel </p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:70.5pt;padding-left:2.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">327</p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:73.05pt;padding-left:2.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">- </p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:69.55pt;padding-left:2.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">- </p> </td></tr> <tr><td style="width:214.85pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-9pt"><kbd style="margin-left:7.9pt"/>Scoping/Feasibility study </p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:70.5pt;padding-left:2.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right"> </p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:73.05pt;padding-left:2.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right"> </p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:69.55pt;padding-left:2.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right"> </p> </td></tr> <tr><td style="width:214.85pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-9pt"><kbd style="margin-left:18pt"/>Sub-contracts and labour </p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:70.5pt;padding-left:2.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">- </p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:73.05pt;padding-left:2.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">24,211</p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:69.55pt;padding-left:2.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">- </p> </td></tr> <tr><td style="width:214.85pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-9pt"><kbd style="margin-left:18pt"/>Sub-contracts and labour-related parties </p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:70.5pt;padding-left:2.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">- </p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:73.05pt;padding-left:2.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">4,500</p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:69.55pt;padding-left:2.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">- </p> </td></tr> <tr><td style="width:214.85pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-9pt"><kbd style="margin-left:18pt"/>Travel </p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:70.5pt;padding-left:2.15pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">- </p> </td><td style="width:16.35pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:73.05pt;padding-left:2.15pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">4,726</p> </td><td style="width:16.35pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:69.55pt;padding-left:2.15pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">- </p> </td></tr> <tr><td style="width:214.85pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-9pt"> </p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:70.5pt;padding-left:2.15pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right"> </p> </td><td style="width:16.35pt;border-top:0.5pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:73.05pt;padding-left:2.15pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right"> </p> </td><td style="width:16.35pt;border-top:0.5pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:69.55pt;padding-left:2.15pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right"> </p> </td></tr> <tr><td style="width:214.85pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-9pt"><b>Total exploration and evaluation costs</b></p> <p style="font:11pt Times New Roman;margin:0;margin-right:-9pt"><kbd style="margin-left:6.3pt"/><b>for the year</b> </p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:70.5pt;padding-left:2.15pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">182,456</p> </td><td style="width:16.35pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:73.05pt;padding-left:2.15pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">123,757</p> </td><td style="width:16.35pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:69.55pt;padding-left:2.15pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">- </p> </td></tr> <tr><td style="width:214.85pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-9pt"> </p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:70.5pt;padding-left:2.15pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right"> </p> </td><td style="width:16.35pt;border-top:0.5pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:73.05pt;padding-left:2.15pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:16.35pt;border-top:0.5pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:69.55pt;padding-left:2.15pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right"> </p> </td></tr> <tr><td style="width:214.85pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-9pt"><kbd style="margin-left:10.8pt"/>Impairment allowance </p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:70.5pt;padding-left:2.15pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">- </p> </td><td style="width:16.35pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:73.05pt;padding-left:2.15pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:right">(25,004,416)</p> </td><td style="width:16.35pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:69.55pt;padding-left:2.15pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">- </p> </td></tr> <tr><td style="width:214.85pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-9pt"> </p> </td><td style="width:16.35pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:70.5pt;padding-left:2.15pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right"> </p> </td><td style="width:16.35pt;border-top:0.5pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:73.05pt;padding-left:2.15pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:16.35pt;border-top:0.5pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:69.55pt;padding-left:2.15pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right"> </p> </td></tr> <tr><td style="width:214.85pt;border-bottom:3px double #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-9pt"><b>Balance, end of year</b></p> </td><td style="width:16.35pt;border-bottom:3px double #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:70.5pt;padding-left:2.15pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">182,456</p> </td><td style="width:16.35pt;border-bottom:3px double #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:73.05pt;padding-left:2.15pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">- </p> </td><td style="width:16.35pt;border-bottom:3px double #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:69.55pt;padding-left:2.15pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:3.6pt;text-align:right">24,880,659</p> </td></tr> </table> | |
| CY2023 | ifrs-full |
Disclosure Of Property Plant And Equipment Explanatory
DisclosureOfPropertyPlantAndEquipmentExplanatory
|
<p style="font:11pt Times New Roman;margin-top:12pt;margin-bottom:0pt;margin-left:36pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-36pt"><b>6.</b></kbd><b>EQUIPMENT, VEHICLES AND FURNITURE</b> </p> <p style="font:11pt Times New Roman;margin:0"> </p> <table style="border-collapse:collapse;width:470.7pt;margin-left:43.2pt"><tr><td style="width:172.8pt;border-top:3px double #000000;border-bottom:0.75pt solid #000000" valign="bottom"/><td style="width:77.4pt;border-top:3px double #000000;border-bottom:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-0.55pt;text-align:center"><b>Balance</b></p> <p style="font:11pt Times New Roman;margin:0;margin-right:-0.55pt;text-align:center"><b>February 1,</b></p> <p style="font:11pt Times New Roman;margin:0;margin-right:-0.55pt;text-align:center"><b>2022</b></p> </td><td style="width:72pt;border-top:3px double #000000;border-bottom:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-0.55pt;text-align:center"><b>Additions</b></p> <p style="font:11pt Times New Roman;margin:0;margin-right:-0.55pt;text-align:center"><b>for the year</b></p> </td><td style="width:72pt;border-top:3px double #000000;border-bottom:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-0.55pt;text-align:center"><b>Disposals</b></p> <p style="font:11pt Times New Roman;margin:0;margin-right:-0.55pt;text-align:center"><b>for the year</b></p> </td><td style="width:76.5pt;border-top:3px double #000000;border-bottom:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-0.55pt;text-align:center"><b>Balance</b></p> <p style="font:11pt Times New Roman;margin:0;margin-right:-0.55pt;text-align:center"><b>January 31,</b></p> <p style="font:11pt Times New Roman;margin:0;margin-right:-0.55pt;text-align:center"><b>2023</b></p> </td></tr> <tr><td style="width:172.8pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:77.4pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-0.55pt"> </p> </td><td style="width:72pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-0.55pt"> </p> </td><td style="width:72pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-0.55pt"> </p> </td><td style="width:76.5pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-0.55pt"> </p> </td></tr> <tr><td style="width:172.8pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><b>Automobile</b></p> </td><td style="width:77.4pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-16.25pt"> </p> </td><td style="width:72pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-16.25pt"> </p> </td><td style="width:72pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-16.25pt"> </p> </td><td style="width:76.5pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-16.25pt"> </p> </td></tr> <tr><td style="width:172.8pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="margin-left:24.3pt"/>Value at Cost </p> </td><td style="width:77.4pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">62,633</kbd> </p> </td><td style="width:72pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:47.5pt">- </kbd> </p> </td><td style="width:72pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:50.4pt">- </kbd> </p> </td><td style="width:76.5pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:48.25pt">62,633</kbd> </p> </td></tr> <tr><td style="width:172.8pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="margin-left:24.3pt"/>Accumulated Depreciation </p> </td><td style="width:77.4pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">(36,547)</kbd> </p> </td><td style="width:72pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:47.5pt">(7,826)</kbd> </p> </td><td style="width:72pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:50.4pt">- </kbd> </p> </td><td style="width:76.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:48.25pt">(44,373)</kbd> </p> </td></tr> <tr><td style="width:172.8pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="margin-left:24.3pt"/><b>Net book value</b> </p> </td><td style="width:77.4pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">26,086</kbd> </p> </td><td style="width:72pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:47.5pt">(7,826)</kbd> </p> </td><td style="width:72pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:50.4pt">- </kbd> </p> </td><td style="width:76.5pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:48.25pt">18,260</kbd> </p> </td></tr> <tr><td style="width:172.8pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:77.4pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:72pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:72pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:76.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td></tr> <tr><td style="width:172.8pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><b>Office furniture and equipment</b></p> </td><td style="width:77.4pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:72pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:72pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:76.5pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td></tr> <tr><td style="width:172.8pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="margin-left:24.3pt"/>Value at Cost </p> </td><td style="width:77.4pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">23,397</kbd> </p> </td><td style="width:72pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:47.5pt">- </kbd> </p> </td><td style="width:72pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:50.4pt">(8,003)</kbd> </p> </td><td style="width:76.5pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:48.25pt">15,394</kbd> </p> </td></tr> <tr><td style="width:172.8pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="margin-left:24.3pt"/>Accumulated Depreciation </p> </td><td style="width:77.4pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">(22,931)</kbd> </p> </td><td style="width:72pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:47.5pt">(54)</kbd> </p> </td><td style="width:72pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:50.4pt">7,807</kbd> </p> </td><td style="width:76.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:48.25pt">(15,178)</kbd> </p> </td></tr> <tr><td style="width:172.8pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="margin-left:24.3pt"/><b>Net book value</b> </p> </td><td style="width:77.4pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">466</kbd> </p> </td><td style="width:72pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:47.5pt">(54)</kbd> </p> </td><td style="width:72pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:50.4pt">(196)</kbd> </p> </td><td style="width:76.5pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:48.25pt">216</kbd> </p> </td></tr> <tr><td style="width:172.8pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:77.4pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:72pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:72pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:76.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td></tr> <tr><td style="width:172.8pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><b>Computer equipment</b></p> </td><td style="width:77.4pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:72pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:72pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:76.5pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td></tr> <tr><td style="width:172.8pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="margin-left:24.3pt"/>Value at Cost </p> </td><td style="width:77.4pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">97,620</kbd> </p> </td><td style="width:72pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:47.5pt">- </kbd> </p> </td><td style="width:72pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:50.4pt">(64,236)</kbd> </p> </td><td style="width:76.5pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:48.25pt">33,384</kbd> </p> </td></tr> <tr><td style="width:172.8pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="margin-left:24.3pt"/>Accumulated Depreciation </p> </td><td style="width:77.4pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">(97,238)</kbd> </p> </td><td style="width:72pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:47.5pt">(160)</kbd> </p> </td><td style="width:72pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:50.4pt">64,210</kbd> </p> </td><td style="width:76.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:48.25pt">(33,188)</kbd> </p> </td></tr> <tr><td style="width:172.8pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="margin-left:24.3pt"/><b>Net book value</b> </p> </td><td style="width:77.4pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">382</kbd> </p> </td><td style="width:72pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:47.5pt">(160)</kbd> </p> </td><td style="width:72pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:50.4pt">(26)</kbd> </p> </td><td style="width:76.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:48.25pt">196</kbd> </p> </td></tr> <tr><td style="width:172.8pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:77.4pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:72pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:72pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:76.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td></tr> <tr><td style="width:172.8pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><b>Totals</b></p> </td><td style="width:77.4pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">26,934</kbd> </p> </td><td style="width:72pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:47.5pt">(8,040)</kbd> </p> </td><td style="width:72pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:50.4pt">(222)</kbd> </p> </td><td style="width:76.5pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:48.25pt">18,672</kbd> </p> </td></tr> </table> <p style="font:11pt Times New Roman;margin:0"> </p> <table style="border-collapse:collapse;width:466.2pt;margin-left:43.2pt"><tr><td style="width:172.8pt;border-top:3px double #000000;border-bottom:0.75pt solid #000000" valign="bottom"/><td style="width:72.9pt;border-top:3px double #000000;border-bottom:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-0.55pt;text-align:center"><b>Balance</b></p> <p style="font:11pt Times New Roman;margin:0;margin-right:-0.55pt;text-align:center"><b>February 1,</b></p> <p style="font:11pt Times New Roman;margin:0;margin-right:-0.55pt;text-align:center"><b>2021</b></p> </td><td style="width:72pt;border-top:3px double #000000;border-bottom:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-0.55pt;text-align:center"><b>Additions</b></p> <p style="font:11pt Times New Roman;margin:0;margin-right:-0.55pt;text-align:center"><b>for the year</b></p> </td><td style="width:72pt;border-top:3px double #000000;border-bottom:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-0.55pt;text-align:center"><b>Disposals</b></p> <p style="font:11pt Times New Roman;margin:0;margin-right:-0.55pt;text-align:center"><b>for the year</b></p> </td><td style="width:76.5pt;border-top:3px double #000000;border-bottom:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-0.55pt;text-align:center"><b>Balance</b></p> <p style="font:11pt Times New Roman;margin:0;margin-right:-0.55pt;text-align:center"><b>January 31,</b></p> <p style="font:11pt Times New Roman;margin:0;margin-right:-0.55pt;text-align:center"><b>2022</b></p> </td></tr> <tr><td style="width:172.8pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:72.9pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-0.55pt"> </p> </td><td style="width:72pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-0.55pt"> </p> </td><td style="width:72pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-0.55pt"> </p> </td><td style="width:76.5pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-0.55pt"> </p> </td></tr> <tr><td style="width:172.8pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><b>Automobile</b></p> </td><td style="width:72.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-16.25pt"> </p> </td><td style="width:72pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-16.25pt"> </p> </td><td style="width:72pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-16.25pt"> </p> </td><td style="width:76.5pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-16.25pt"> </p> </td></tr> <tr><td style="width:172.8pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="margin-left:24.3pt"/>Value at Cost </p> </td><td style="width:72.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">62,633</kbd> </p> </td><td style="width:72pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">- </kbd> </p> </td><td style="width:72pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">- </kbd> </p> </td><td style="width:76.5pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">62,633</kbd> </p> </td></tr> <tr><td style="width:172.8pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="margin-left:24.3pt"/>Accumulated Depreciation </p> </td><td style="width:72.9pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">(25,366)</kbd> </p> </td><td style="width:72pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">(11,181)</kbd> </p> </td><td style="width:72pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">- </kbd> </p> </td><td style="width:76.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">(36,547)</kbd> </p> </td></tr> <tr><td style="width:172.8pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="margin-left:24.3pt"/><b>Net book value</b> </p> </td><td style="width:72.9pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">37,267</kbd> </p> </td><td style="width:72pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">(11,181)</kbd> </p> </td><td style="width:72pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">- </kbd> </p> </td><td style="width:76.5pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">26,086</kbd> </p> </td></tr> <tr><td style="width:172.8pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:72.9pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:72pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:72pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:76.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td></tr> <tr><td style="width:172.8pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><b>Office furniture and equipment</b></p> </td><td style="width:72.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:72pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:72pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:76.5pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td></tr> <tr><td style="width:172.8pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="margin-left:24.3pt"/>Value at Cost </p> </td><td style="width:72.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">23,397</kbd> </p> </td><td style="width:72pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">- </kbd> </p> </td><td style="width:72pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">- </kbd> </p> </td><td style="width:76.5pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">23,397</kbd> </p> </td></tr> <tr><td style="width:172.8pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="margin-left:24.3pt"/>Accumulated Depreciation </p> </td><td style="width:72.9pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">(22,815)</kbd> </p> </td><td style="width:72pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">(116)</kbd> </p> </td><td style="width:72pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">- </kbd> </p> </td><td style="width:76.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">(22,931)</kbd> </p> </td></tr> <tr><td style="width:172.8pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="margin-left:24.3pt"/><b>Net book value</b> </p> </td><td style="width:72.9pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">582</kbd> </p> </td><td style="width:72pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">(116)</kbd> </p> </td><td style="width:72pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">- </kbd> </p> </td><td style="width:76.5pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">466</kbd> </p> </td></tr> <tr><td style="width:172.8pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:72.9pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:72pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:72pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:76.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td></tr> <tr><td style="width:172.8pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><b>Computer equipment</b></p> </td><td style="width:72.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:72pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:72pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:76.5pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td></tr> <tr><td style="width:172.8pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="margin-left:24.3pt"/>Value at Cost </p> </td><td style="width:72.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">97,620</kbd> </p> </td><td style="width:72pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">- </kbd> </p> </td><td style="width:72pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">- </kbd> </p> </td><td style="width:76.5pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">97,620</kbd> </p> </td></tr> <tr><td style="width:172.8pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="margin-left:24.3pt"/>Accumulated Depreciation </p> </td><td style="width:72.9pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">(96,931)</kbd> </p> </td><td style="width:72pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">(307)</kbd> </p> </td><td style="width:72pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">- </kbd> </p> </td><td style="width:76.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">(97,238)</kbd> </p> </td></tr> <tr><td style="width:172.8pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="margin-left:24.3pt"/><b>Net book value</b> </p> </td><td style="width:72.9pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">689</kbd> </p> </td><td style="width:72pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">(307)</kbd> </p> </td><td style="width:72pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">- </kbd> </p> </td><td style="width:76.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">382</kbd> </p> </td></tr> <tr><td style="width:172.8pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:72.9pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:72pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:72pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:76.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td></tr> <tr><td style="width:172.8pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><b>Totals</b></p> </td><td style="width:72.9pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">38,538</kbd> </p> </td><td style="width:72pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">(11,604)</kbd> </p> </td><td style="width:72pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">- </kbd> </p> </td><td style="width:76.5pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.85pt">26,934</kbd> </p> </td></tr> </table> | |
| CY2022Q1 | ifrs-full |
Property Plant And Equipment
PropertyPlantAndEquipment
|
26934 | cad |
| CY2023 | ifrs-full |
Additions Other Than Through Business Combinations Property Plant And Equipment
AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment
|
-8040 | cad |
| CY2023 | fil |
Disposals For Period
DisposalsForPeriod
|
-222 | cad |
| CY2023Q1 | ifrs-full |
Property Plant And Equipment
PropertyPlantAndEquipment
|
18672 | cad |
| CY2021Q1 | ifrs-full |
Property Plant And Equipment
PropertyPlantAndEquipment
|
38538 | cad |
| CY2022 | ifrs-full |
Additions Other Than Through Business Combinations Property Plant And Equipment
AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment
|
-11604 | cad |
| CY2022 | fil |
Disposals For Period
DisposalsForPeriod
|
0 | cad |
| CY2022Q1 | ifrs-full |
Property Plant And Equipment
PropertyPlantAndEquipment
|
26934 | cad |
| CY2023 | ifrs-full |
Disclosure Of Sharebased Payment Arrangements Explanatory
DisclosureOfSharebasedPaymentArrangementsExplanatory
|
<p style="font:11pt Times New Roman;margin-top:12pt;margin-bottom:0pt;margin-left:36pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-36pt"><b>7.</b></kbd><b>SHARE CAPITAL, OPTION BASED PAYMENTS & CONTRIBUTED SURPLUS</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt">Authorized Share Capital: 100,000,000 common shares without par value</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">During the year ended January 31, 2023, the Company did not announce or complete any private placements.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">During the year ended January 31, 2022, the Company did not announce or complete any private placements.</p> <p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="margin-left:36pt"/><b>Option based payments</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">During the fiscal year ended January 31, 2004, the Company adopted an equity settled stock option plan whereby the Company can reserve approximately 20% of its outstanding shares for issuance to Eligible Persons (as defined by the policies of the TSX Venture Exchange and/or National Instrument 45-106). Under the plan, the exercise price of each option equals the market price of the Company’s stock as calculated on the date of grant. These options can be granted for a maximum term of 10 years.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">During the year ended January 31, 2023, 850,000 stock options were granted (2022 – 3,025,000) at an averaged exercise price of $2.74 (2022 - $2.97).</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">During the year ended January 31, 2023, 700,000 stock options expired unexercised (2022 – 2,875,000) at an averaged exercise price of $3.00 (2022 - $1.49).</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">During the year ended January 31, 2023, no stock options were exercised (2022 – 50,000) at an exercise price of $nil (2022 - $3.00) for total proceeds of $nil (2022 - $150,000).</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt">Stock option transactions are summarized as follows:</p> <table style="border-collapse:collapse;width:520.4pt;margin-left:36pt"><tr style="height:6.2pt"><td style="width:131.4pt;border-top:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td colspan="2" style="width:123.3pt;border-top:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"> </p> </td><td colspan="4" style="width:265.5pt;border-top:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"> </p> </td></tr> <tr style="height:6.2pt"><td style="width:131.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td colspan="2" style="width:123.3pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>2023</b></p> </td><td colspan="2" style="width:135pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>2022</b></p> </td><td colspan="2" style="width:130.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>2021</b></p> </td></tr> <tr><td style="width:131.4pt;border-bottom:0.75pt solid #000000" valign="bottom"/><td style="width:62.4pt;padding-left:5.75pt;padding-right:5.75pt;border-top:0.5pt solid #000000;border-bottom:0.75pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Number</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>of</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Options</b></p> </td><td style="width:60.9pt;padding-left:5.75pt;padding-right:5.75pt;border-top:0.5pt solid #000000;border-bottom:0.75pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Weighted</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Average</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Exercise</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Price</b></p> </td><td style="width:67.5pt;padding-left:5.75pt;padding-right:5.75pt;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Number</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>of</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Options</b></p> </td><td style="width:67.5pt;padding-left:5.75pt;padding-right:5.75pt;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Weighted</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Average</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Exercise</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Price</b></p> </td><td style="width:63pt;padding-left:5.75pt;padding-right:5.75pt;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Number</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>of</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Options</b></p> </td><td style="width:67.5pt;padding-left:5.75pt;padding-right:5.75pt;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Weighted</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Average</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Exercise</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Price</b></p> </td></tr> <tr><td style="width:131.4pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:62.4pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:60.9pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:67.5pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:67.5pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:63pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:67.5pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td></tr> <tr><td style="width:131.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0">Outstanding,</p> <p style="font:10pt Times New Roman;margin:0"> beginning of year</p> </td><td style="width:62.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:48.55pt">3,075,000</kbd> </p> </td><td style="width:60.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:20.7pt">2.90</kbd> </p> </td><td style="width:67.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:46.6pt">2,975,000</kbd> </p> </td><td style="width:67.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:20.7pt">1.47</kbd> </p> </td><td style="width:63pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:46.8pt">2,975,000</kbd> </p> </td><td style="width:67.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:20.7pt">1.47</kbd> </p> </td></tr> <tr><td style="width:131.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="margin-left:18pt"/>Granted </p> </td><td style="width:62.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:48.55pt">850,000</kbd> </p> </td><td style="width:60.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:20.7pt">2.74</kbd> </p> </td><td style="width:67.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:46.6pt">3,025,000</kbd> </p> </td><td style="width:67.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:20.7pt">2.97</kbd> </p> </td><td style="width:63pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:46.8pt">700,000</kbd> </p> </td><td style="width:67.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:20.7pt">3.00</kbd> </p> </td></tr> <tr><td style="width:131.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="margin-left:18pt"/>Expired </p> </td><td style="width:62.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:48.55pt">(700,000)</kbd> </p> </td><td style="width:60.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:20.7pt">3.00</kbd> </p> </td><td style="width:67.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:46.6pt">(2,875,000)</kbd> </p> </td><td style="width:67.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:20.7pt">1.49</kbd> </p> </td><td style="width:63pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:46.8pt">(700,000)</kbd> </p> </td><td style="width:67.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:20.7pt">3.00</kbd> </p> </td></tr> <tr><td style="width:131.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="margin-left:18pt"/>Exercised </p> </td><td style="width:62.4pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:48.55pt">- </kbd> </p> </td><td style="width:60.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:30.35pt">- </kbd> </p> </td><td style="width:67.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:46.6pt">(50,000)</kbd> </p> </td><td style="width:67.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:20.7pt">3.00</kbd> </p> </td><td style="width:63pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:46.8pt">- </kbd> </p> </td><td style="width:67.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:33.9pt">- </kbd> </p> </td></tr> <tr><td style="width:131.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:62.4pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"> </p> </td><td style="width:60.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"> </p> </td><td style="width:67.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"> </p> </td><td style="width:67.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"> </p> </td><td style="width:63pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"> </p> </td><td style="width:67.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"> </p> </td></tr> <tr><td style="width:131.4pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0">Outstanding,</p> <p style="font:10pt Times New Roman;margin:0"> end of year</p> </td><td style="width:62.4pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:48.55pt">3,225,000</kbd> </p> </td><td style="width:60.9pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:20.7pt">2.84</kbd> </p> </td><td style="width:67.5pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:46.6pt">3,075,000</kbd> </p> </td><td style="width:67.5pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:20.7pt">2.90</kbd> </p> </td><td style="width:63pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:46.8pt">2,975,000</kbd> </p> </td><td style="width:67.5pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:20.7pt">1.47</kbd> </p> </td></tr> <tr><td style="width:131.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:62.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"> </p> </td><td style="width:60.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"> </p> </td><td style="width:67.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"> </p> </td><td style="width:67.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"> </p> </td><td style="width:63pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"> </p> </td><td style="width:67.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"> </p> </td></tr> <tr><td style="width:131.4pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0">Options exercisable,</p> <p style="font:10pt Times New Roman;margin:0"> end of year</p> </td><td style="width:62.4pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:48.55pt">3,225,000</kbd> </p> </td><td style="width:60.9pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:20.7pt">2.84</kbd> </p> </td><td style="width:67.5pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:46.6pt">3,025,000</kbd> </p> </td><td style="width:67.5pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:20.7pt">2.90</kbd> </p> </td><td style="width:63pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:46.8pt">2,975,000</kbd> </p> </td><td style="width:67.5pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:20.7pt">1.47</kbd> </p> </td></tr> <tr><td style="width:131.4pt;border-top:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:62.4pt;border-top:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"> </p> </td><td style="width:60.9pt;border-top:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"> </p> </td><td style="width:67.5pt;border-top:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"> </p> </td><td style="width:67.5pt;border-top:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"> </p> </td><td style="width:63pt;border-top:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"> </p> </td><td style="width:67.5pt;border-top:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"> </p> </td></tr> <tr><td colspan="2" style="width:194pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt">Weighted average remaining life of</p> <p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"> outstanding options granted in years</p> </td><td style="width:60.9pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:20.7pt">2.89</kbd> </p> </td><td style="width:67.5pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"> </p> </td><td style="width:67.5pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:20.7pt">3.56</kbd> </p> </td><td style="width:63pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"> </p> </td><td style="width:67.5pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:20.7pt">0.58</kbd> </p> </td></tr> <tr><td style="width:131.4pt;border-top:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:62.4pt;border-top:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"> </p> </td><td style="width:60.9pt;border-top:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"> </p> </td><td style="width:67.5pt;border-top:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"> </p> </td><td style="width:67.5pt;border-top:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"> </p> </td><td style="width:63pt;border-top:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"> </p> </td><td style="width:67.5pt;border-top:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"> </p> </td></tr> <tr><td colspan="2" style="width:194pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt">Weighted average fair value</p> <p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"> per option granted</p> </td><td style="width:60.9pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:20.7pt">0.49</kbd> </p> </td><td style="width:67.5pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"> </p> </td><td style="width:67.5pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:20.7pt">1.32</kbd> </p> </td><td style="width:63pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"> </p> </td><td style="width:67.5pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:21.9pt">0.32</kbd> </p> </td></tr> </table> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt">The following stock options were outstanding at January 31, 2023:</p> <table style="border-collapse:collapse;margin-left:43.2pt"><tr><td style="width:84.9pt;border-top:3px double #000000;border-bottom:0.75pt solid #000000" valign="bottom"/><td colspan="2" style="width:84.9pt;border-top:3px double #000000;border-bottom:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:center"><b>Number of Options Outstanding</b></p> </td><td colspan="2" style="width:85.05pt;border-top:3px double #000000;border-bottom:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:center"><b>Number</b></p> <p style="font:11pt Times New Roman;margin:0;text-align:center"><b>Currently</b></p> <p style="font:11pt Times New Roman;margin:0;text-align:center"><b>Exercisable</b></p> </td><td style="width:79.95pt;border-top:3px double #000000;border-bottom:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:center"><b>Exercise</b></p> <p style="font:11pt Times New Roman;margin:0;text-align:center"><b>Price</b></p> </td><td style="width:182.1pt;border-top:3px double #000000;border-bottom:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:center"><b>Expiry Date</b></p> </td></tr> <tr><td style="width:84.9pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:84.4pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td colspan="2" style="width:84.5pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td colspan="2" style="width:81pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:182.1pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td></tr> <tr><td style="width:84.9pt" valign="bottom"/><td style="width:84.4pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0">100,000</p> </td><td colspan="2" style="width:84.5pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0">100,000</p> </td><td colspan="2" style="width:81pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:8.1pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:39.6pt">1.00</kbd> </p> </td><td style="width:182.1pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0">June 26, 2023</p> </td></tr> <tr><td style="width:84.9pt" valign="bottom"/><td style="width:84.4pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0">700,000</p> </td><td colspan="2" style="width:84.5pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0">700,000</p> </td><td colspan="2" style="width:81pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:8.1pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:39.6pt">3.00</kbd> </p> </td><td style="width:182.1pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0">November 2, 2023</p> </td></tr> <tr><td style="width:84.9pt" valign="bottom"/><td style="width:84.4pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0">100,000</p> </td><td colspan="2" style="width:84.5pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0">100,000</p> </td><td colspan="2" style="width:81pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:8.1pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:39.6pt">2.00</kbd> </p> </td><td style="width:182.1pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0">February 23, 2026</p> </td></tr> <tr><td style="width:84.9pt" valign="bottom"/><td style="width:84.4pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0">2,175,000</p> </td><td colspan="2" style="width:84.5pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0">2,175,000</p> </td><td colspan="2" style="width:81pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:8.1pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:39.6pt">3.00</kbd> </p> </td><td style="width:182.1pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0">August 17, 2026*</p> </td></tr> <tr><td style="width:84.9pt;border-bottom:3px double #000000" valign="bottom"/><td style="width:84.4pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0">150,000</p> </td><td colspan="2" style="width:84.5pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0">150,000</p> </td><td colspan="2" style="width:81pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:8.1pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:39.6pt">1.50</kbd> </p> </td><td style="width:182.1pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0">November 22, 2027</p> </td></tr> </table> <p style="font:11pt Times New Roman;margin:0"><kbd style="margin-left:45pt"/>* 275,000 options expired unexercised on March 2, 2023 due to the death of the optionee </p> <p style="font:11pt Times New Roman;margin:0"> </p> <p style="font:11pt Times New Roman;margin:0;text-align:justify"><kbd style="margin-left:36pt"/><b>Option based payment expense</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The fair value of stock options granted during the year ended January 31, 2023 was $418,710 (2022 – $4,152,789; 2021 – $221,193) which has been recognized as option based payments.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Total option based payments recognized during the year ended January 31, 2023 was $432,895 (2022 – $4,138,604; 2021 – $221,193) which has been recorded in the statements of comprehensive loss as option based payments with corresponding contributed surplus recorded in shareholders' equity.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The following weighted average assumptions were used for the Black-Scholes valuation of stock options granted during the years:</p> <table style="border-collapse:collapse;width:465.1pt;margin-left:41.75pt"><tr><td style="width:229.15pt;border-top:3px double #000000;border-bottom:0.5pt solid #000000" valign="bottom"/><td style="width:78.65pt;border-top:3px double #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:center"><b>2023</b></p> </td><td style="width:78.65pt;border-top:3px double #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:center"><b>2022</b></p> </td><td style="width:78.65pt;border-top:3px double #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:center"><b>2021</b></p> </td></tr> <tr><td style="width:229.15pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:justify"> </p> </td><td style="width:78.65pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:78.65pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:78.65pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td style="width:229.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:justify">Risk-free interest rate</p> </td><td style="width:78.65pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:53.1pt">3.82%</kbd> </p> </td><td style="width:78.65pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:53.1pt">0.85%</kbd> </p> </td><td style="width:78.65pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:53.1pt">0.24%</kbd> </p> </td></tr> <tr><td style="width:229.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:justify">Expected life of options</p> </td><td style="width:78.65pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:53.1pt">1.70 years</kbd> </p> </td><td style="width:78.65pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:53.1pt">4.08 year</kbd> </p> </td><td style="width:78.65pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:53.1pt">1 year</kbd> </p> </td></tr> <tr><td style="width:229.15pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:justify">Annualized volatility</p> </td><td style="width:78.65pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:53.1pt">167.44%</kbd> </p> </td><td style="width:78.65pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:53.1pt">102.9%</kbd> </p> </td><td style="width:78.65pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:53.1pt">98.41%</kbd> </p> </td></tr> <tr style="height:4.15pt"><td style="width:229.15pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:justify">Dividends</p> </td><td style="width:78.65pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:53.1pt">0.00%</kbd> </p> </td><td style="width:78.65pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:53.1pt">0.00%</kbd> </p> </td><td style="width:78.65pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:53.1pt">0.00%</kbd> </p> </td></tr> </table> <p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt;margin-left:36pt"><b>Warrants</b></p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt">No share purchase warrants were outstanding and exercisable at January 31 2023, 2022 and 2021.</p> | |
| CY2023 | fil |
Authorized Share Capital
AuthorizedShareCapital
|
100000000 | shares |
| CY2023 | fil |
Number Of Stock Options Granted
NumberOfStockOptionsGranted
|
850000 | shares |
| CY2022 | fil |
Number Of Stock Options Granted
NumberOfStockOptionsGranted
|
3025000 | shares |
| CY2023 | fil |
Stock Options Exercise Price
StockOptionsExercisePrice
|
2.74 | |
| CY2022 | fil |
Stock Options Exercise Price
StockOptionsExercisePrice
|
2.97 | |
| CY2023 | fil |
Stock Options Expired Unexercised
StockOptionsExpiredUnexercised
|
700000 | shares |
| CY2022 | fil |
Stock Options Expired Unexercised
StockOptionsExpiredUnexercised
|
2875000 | shares |
| CY2023 | fil |
Stock Options Expired Unexercised Price Per Share
StockOptionsExpiredUnexercisedPricePerShare
|
3.00 | |
| CY2022 | fil |
Stock Options Expired Unexercised Price Per Share
StockOptionsExpiredUnexercisedPricePerShare
|
1.49 | |
| CY2023 | fil |
Stock Options Exercised
StockOptionsExercised
|
0 | shares |
| CY2022 | fil |
Stock Options Exercised
StockOptionsExercised
|
50000 | shares |
| CY2023 | fil |
Stock Options Exercised Price Per Share
StockOptionsExercisedPricePerShare
|
0 | |
| CY2022 | fil |
Stock Options Exercised Price Per Share
StockOptionsExercisedPricePerShare
|
3.00 | |
| CY2023 | fil |
Stock Options Exercised Total Proceeds
StockOptionsExercisedTotalProceeds
|
0 | cad |
| CY2022 | fil |
Stock Options Exercised Total Proceeds
StockOptionsExercisedTotalProceeds
|
150000 | cad |
| CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0382 | pure |
| CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0085 | pure |
| CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0024 | pure |
| CY2023 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P1Y8M12D | |
| CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P4Y29D | |
| CY2021 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P1Y | |
| CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
1.6744 | pure |
| CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
1.029 | pure |
| CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.9841 | pure |
| CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.0000 | pure |
| CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.0000 | pure |
| CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.0000 | pure |
| CY2023 | ifrs-full |
Earnings Per Share Explanatory
EarningsPerShareExplanatory
|
<p style="font:11pt Times New Roman;margin-top:12pt;margin-bottom:0pt;margin-left:36pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-36pt"><b>8.</b></kbd><b>LOSS PER SHARE</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:0pt;margin-left:36pt;text-align:justify">The weighted average number of common shares outstanding for the year ended January 31, 2023 does not include the nil (2022 - nil; 2021 - nil) warrants outstanding and the 3,225,000 (2022 - 3,075,000; 2021 - 2,975,000) stock options outstanding as the inclusion of these amounts would reduce the loss per share amount and are therefore considered anti-dilutive. Basic and diluted loss per share is calculated using the weighted-average number of common shares outstanding during the year.</p> <p style="font:11pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <table style="border-collapse:collapse;width:493.2pt;margin-left:41.4pt"><tr style="height:9.45pt"><td style="width:265.5pt;border-top:3px double #000000" valign="top"/><td style="width:76.5pt;border-top:3px double #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:center"><b>2023</b></p> </td><td style="width:78.25pt;border-top:3px double #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:center"><b>2022</b></p> </td><td style="width:72.95pt;border-top:3px double #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:center"><b>2021</b></p> </td></tr> <tr><td style="width:265.5pt" valign="top"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:76.5pt;border-top:0.5pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-9pt"> </p> </td><td style="width:78.25pt;border-top:0.5pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-9pt"> </p> </td><td style="width:72.95pt;border-top:0.5pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-9pt"> </p> </td></tr> <tr><td style="width:265.5pt" valign="top"><p style="font:11pt Times New Roman;margin:0">Basic and diluted loss per common share</p> </td><td style="width:76.5pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.6pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:43.1pt">(0.05)</kbd> </p> </td><td style="width:78.25pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.6pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:43.1pt">(2.05)</kbd> </p> </td><td style="width:72.95pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.6pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:37.85pt">(0.04)</kbd> </p> </td></tr> <tr><td style="width:265.5pt" valign="top"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:76.5pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-9pt"> </p> </td><td style="width:78.25pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-9pt"> </p> </td><td style="width:72.95pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-right:-9pt"> </p> </td></tr> <tr><td style="width:265.5pt;border-bottom:3px double #000000" valign="top"><p style="font:11pt Times New Roman;margin:0">Weighted average number of common shares outstanding (basic and diluted)</p> </td><td style="width:76.5pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.6pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:64.8pt">16,816,969</kbd> </p> </td><td style="width:78.25pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.6pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:64.8pt">16,773,544</kbd> </p> </td><td style="width:72.95pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.6pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:56.75pt">17,766,969</kbd> </p> </td></tr> </table> | |
| CY2023 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.05 | |
| CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-2.05 | |
| CY2021 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.04 | |
| CY2023 | fil |
Weighted Average Number Of Common Shares Outstanding Basic And Diluted
WeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted
|
16816969 | shares |
| CY2022 | fil |
Weighted Average Number Of Common Shares Outstanding Basic And Diluted
WeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted
|
16773544 | shares |
| CY2021 | fil |
Weighted Average Number Of Common Shares Outstanding Basic And Diluted
WeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted
|
17766969 | shares |
| CY2023 | ifrs-full |
Disclosure Of Transactions Between Related Parties Explanatory
DisclosureOfTransactionsBetweenRelatedPartiesExplanatory
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<p style="font:11pt Times New Roman;margin-top:12pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt"><b>9.</b></kbd><kbd style="margin-left:36pt"/><b>TRANSACTIONS WITH AND AMOUNTS OWING TO RELATED PARTIES</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt">The Company entered into the following transactions with related parties:</p> <table style="border-collapse:collapse;width:480.3pt;margin-left:36pt"><tr><td style="width:117.25pt;border-top:3px double #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"> </p> </td><td colspan="3" style="width:121.5pt;border-top:3px double #000000;border-left:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>2023</b></p> </td><td colspan="3" style="width:124.55pt;border-top:3px double #000000;border-left:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>2022</b></p> </td><td colspan="3" style="width:117pt;border-top:3px double #000000;border-left:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>2021</b></p> </td></tr> <tr><td style="width:117.25pt;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"/><td style="width:40.5pt;padding-left:0.7pt;padding-right:0.7pt;border-top:0.5pt solid #000000;border-left:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Amounts</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>paid or</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>payable</b></p> </td><td style="width:45pt;padding-left:0.7pt;padding-right:0.7pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Option</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>based</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>payment</b></p> </td><td style="width:36pt;padding-left:0.7pt;padding-right:0.7pt;border-top:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Payable</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>at year</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>end</b></p> </td><td style="width:43.2pt;padding-left:0.7pt;padding-right:0.7pt;border-top:0.5pt solid #000000;border-left:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Amounts</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>paid or</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>payable</b></p> </td><td style="width:45.35pt;padding-left:0.7pt;padding-right:0.7pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Option</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>based</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>payment</b></p> </td><td style="width:36pt;padding-left:0.7pt;padding-right:0.7pt;border-top:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Payable</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>at year</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>end</b></p> </td><td style="width:40.5pt;padding-left:0.7pt;padding-right:0.7pt;border-top:0.5pt solid #000000;border-left:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Amounts</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>paid or</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>payable</b></p> </td><td style="width:40.5pt;padding-left:0.7pt;padding-right:0.7pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Option</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>based</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>payment</b></p> </td><td style="width:36pt;padding-left:0.7pt;padding-right:0.7pt;border-top:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Payable</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>at year</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>end</b></p> </td></tr> <tr><td style="width:117.25pt;border-top:0.75pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0">To a director for:</p> </td><td style="width:40.5pt;border-top:0.5pt solid #000000;border-left:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:45pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:36pt;border-top:0.75pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:43.2pt;border-top:0.75pt solid #000000;border-left:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:45.35pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:36pt;border-top:0.75pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:40.5pt;border-top:0.75pt solid #000000;border-left:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:40.5pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:36pt;border-top:0.75pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td></tr> <tr><td style="width:117.25pt;border-left:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0">investor relations</p> </td><td style="width:40.5pt;border-left:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:36pt">132,000</kbd> </p> </td><td style="width:45pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40.5pt">333,918</kbd> </p> </td><td style="width:36pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.5pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:30.95pt">23,231</kbd> </p> </td><td style="width:43.2pt;border-left:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40.2pt">132,000</kbd> </p> </td><td style="width:45.35pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:42pt">1,094,123</kbd> </p> </td><td style="width:36pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:31.5pt">12,919</kbd> </p> </td><td style="width:40.5pt;border-left:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:36pt">132,000</kbd> </p> </td><td style="width:40.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:36pt">221,193</kbd> </p> </td><td style="width:36pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:31.5pt">12,246</kbd> </p> </td></tr> <tr><td style="width:117.25pt;border:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0">consulting (a)</p> </td><td style="width:40.5pt;border-top:0.5pt solid #000000;border-left:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:36pt">1,125</kbd> </p> </td><td style="width:45pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40.5pt">- </kbd> </p> </td><td style="width:36pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.5pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:30.95pt">- </kbd> </p> </td><td style="width:43.2pt;border-top:0.5pt solid #000000;border-left:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40.2pt">5,400</kbd> </p> </td><td style="width:45.35pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:42pt">158,060</kbd> </p> </td><td style="width:36pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:31.5pt">- </kbd> </p> </td><td style="width:40.5pt;border-top:0.5pt solid #000000;border-left:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:36pt">675</kbd> </p> </td><td style="width:40.5pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:36pt">- </kbd> </p> </td><td style="width:36pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:31.5pt">- </kbd> </p> </td></tr> <tr><td style="width:117.25pt;border-top:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:40.5pt;border-top:0.5pt solid #000000;border-left:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"> </p> </td><td style="width:45pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"> </p> </td><td style="width:36pt;border-top:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.5pt"> </p> </td><td style="width:43.2pt;border-top:0.5pt solid #000000;border-left:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:45.35pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"> </p> </td><td style="width:36pt;border-top:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"> </p> </td><td style="width:40.5pt;border-top:0.5pt solid #000000;border-left:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"> </p> </td><td style="width:40.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"> </p> </td><td style="width:36pt;border-top:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"> </p> </td></tr> <tr><td style="width:117.25pt;border-left:0.5pt solid #000000;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0">To an officer (b)</p> </td><td style="width:40.5pt;border-left:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:36pt">41,787</kbd> </p> </td><td style="width:45pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40.5pt">- </kbd> </p> </td><td style="width:36pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.5pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:30.95pt">7,625</kbd> </p> </td><td style="width:43.2pt;border-left:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40.2pt">39,225</kbd> </p> </td><td style="width:45.35pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:42pt">355,836</kbd> </p> </td><td style="width:36pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:31.5pt">1,549</kbd> </p> </td><td style="width:40.5pt;border-left:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:36pt">40,725</kbd> </p> </td><td style="width:40.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:36pt">- </kbd> </p> </td><td style="width:36pt;border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:31.5pt">1,732</kbd> </p> </td></tr> <tr><td style="width:117.25pt;border-top:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:40.5pt;border-top:0.5pt solid #000000;border-left:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"> </p> </td><td style="width:45pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"> </p> </td><td style="width:36pt;border-top:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.5pt"> </p> </td><td style="width:43.2pt;border-top:0.5pt solid #000000;border-left:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:45.35pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"> </p> </td><td style="width:36pt;border-top:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"> </p> </td><td style="width:40.5pt;border-top:0.5pt solid #000000;border-left:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"> </p> </td><td style="width:40.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"> </p> </td><td style="width:36pt;border-top:0.5pt solid #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"> </p> </td></tr> <tr><td style="width:117.25pt;border-left:0.5pt solid #000000;border-bottom:3px double #000000;border-right:0.5pt solid #000000" valign="bottom"/><td style="width:40.5pt;border-left:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:36pt">174,912</kbd> </p> </td><td style="width:45pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40.5pt">333,918</kbd> </p> </td><td style="width:36pt;border-bottom:3px double #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.5pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:30.95pt">30,856</kbd> </p> </td><td style="width:43.2pt;border-left:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:40.2pt">176,625</kbd> </p> </td><td style="width:45.35pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:42pt">1,608,019</kbd> </p> </td><td style="width:36pt;border-bottom:3px double #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:31.5pt">14,468</kbd> </p> </td><td style="width:40.5pt;border-left:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:36pt">173,400</kbd> </p> </td><td style="width:40.5pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-8.2pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:36pt">221,193</kbd> </p> </td><td style="width:36pt;border-bottom:3px double #000000;border-right:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;margin-right:-11.8pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:31.5pt">13,978</kbd> </p> </td></tr> </table> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:0pt;margin-left:72pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-18pt">a)</kbd>fees for services which have been capitalized to subcontracts on the Morrison claims and as option based payments and other services which have been allocated to operating expenses as consulting fees. </p> <p style="font:11pt Times New Roman;margin:0;margin-left:54pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">b)</kbd><kbd style="margin-left:18pt"/>for accounting and management services. </p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">These transactions were in the normal course of operations and have been measured at their exchange amount, which is the amount of consideration established and agreed to by the related parties. The amounts owing are non-interest bearing, unsecured and have no fixed terms of repayment.</p> <p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt;margin-left:36pt"><b>Compensation of key management personnel</b></p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Key management personnel include directors and executive officers of the Company. The option based payment amounts (non-cash item) and compensation paid or payable to key management personnel is as follows:</p> <table style="border-collapse:collapse;width:432pt;margin-left:41.4pt"><tr style="height:1pt"><td style="width:207pt;border-top:3px double #000000" valign="top"/><td style="width:76.5pt;border-top:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>2023</b></p> </td><td style="width:75.6pt;border-top:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>2022</b></p> </td><td style="width:72.9pt;border-top:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>2021</b></p> </td></tr> <tr style="height:1pt"><td style="width:207pt" valign="top"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:76.5pt;border-top:0.75pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;margin-right:-9pt"> </p> </td><td style="width:75.6pt;border-top:0.75pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;margin-right:-9pt"> </p> </td><td style="width:72.9pt;border-top:0.75pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;margin-right:-3.6pt"> </p> </td></tr> <tr style="height:1pt"><td style="width:207pt" valign="top"><p style="font:10pt Times New Roman;margin:0">Remuneration or fees</p> </td><td style="width:76.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">183,412</kbd> </p> </td><td style="width:75.6pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:58pt">186,625</kbd> </p> </td><td style="width:72.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:55pt">184,400</kbd> </p> </td></tr> <tr style="height:1pt"><td style="width:207pt" valign="top"><p style="font:10pt Times New Roman;margin:0">Option based payments (non-cash item)</p> </td><td style="width:76.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">333,918</kbd> </p> </td><td style="width:75.6pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:58pt">3,836,669</kbd> </p> </td><td style="width:72.9pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:55pt">221,193</kbd> </p> </td></tr> <tr style="height:1pt"><td style="width:207pt;border-bottom:3px double #000000" valign="top"><p style="font:10pt Times New Roman;margin:0">Total compensation for</p> <p style="font:10pt Times New Roman;margin:0"> key management personnel</p> </td><td style="width:76.5pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:59pt">517,330</kbd> </p> </td><td style="width:75.6pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:58pt">4,023,293</kbd> </p> </td><td style="width:72.9pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:55pt">405,593</kbd> </p> </td></tr> </table> | |
| CY2023 | fil |
Amounts Paid Or Payable
AmountsPaidOrPayable
|
174912 | cad |
| CY2023 | fil |
Option Based Payment
OptionBasedPayment
|
333918 | cad |
| CY2023Q1 | fil |
Owed At Year End
OwedAtYearEnd
|
30856 | cad |
| CY2022 | fil |
Amounts Paid Or Payable
AmountsPaidOrPayable
|
176625 | cad |
| CY2022 | fil |
Option Based Payment
OptionBasedPayment
|
1608019 | cad |
| CY2022Q1 | fil |
Owed At Year End
OwedAtYearEnd
|
14468 | cad |
| CY2021 | fil |
Amounts Paid Or Payable
AmountsPaidOrPayable
|
173400 | cad |
| CY2021 | fil |
Option Based Payment
OptionBasedPayment
|
221193 | cad |
| CY2021Q1 | fil |
Owed At Year End
OwedAtYearEnd
|
13978 | cad |
| CY2023 | fil |
Remuneration Or Fees
RemunerationOrFees
|
183412 | cad |
| CY2022 | fil |
Remuneration Or Fees
RemunerationOrFees
|
186625 | cad |
| CY2021 | fil |
Remuneration Or Fees
RemunerationOrFees
|
184400 | cad |
| CY2023 | fil |
Option Based Payments Non Cash Item
OptionBasedPaymentsNonCashItem
|
333918 | cad |
| CY2022 | fil |
Option Based Payments Non Cash Item
OptionBasedPaymentsNonCashItem
|
3836669 | cad |
| CY2021 | fil |
Option Based Payments Non Cash Item
OptionBasedPaymentsNonCashItem
|
221193 | cad |
| CY2023 | fil |
Total Compensation For Key Management Personnel
TotalCompensationForKeyManagementPersonnel
|
517330 | cad |
| CY2022 | fil |
Total Compensation For Key Management Personnel
TotalCompensationForKeyManagementPersonnel
|
4023293 | cad |
| CY2021 | fil |
Total Compensation For Key Management Personnel
TotalCompensationForKeyManagementPersonnel
|
405593 | cad |
| CY2023 | ifrs-full |
Disclosure Of Cash Flow Statement Explanatory
DisclosureOfCashFlowStatementExplanatory
|
<p style="font:11pt Times New Roman;margin-top:12pt;margin-bottom:0pt;margin-left:36pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-36pt"><b>10.</b></kbd><b>SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS</b> </p> <p style="font:11pt Times New Roman;margin:0"> </p> <table style="border-collapse:collapse;width:432pt;margin-left:36pt"><tr><td style="width:236.5pt;padding-left:0.7pt;border-top:3px double #000000" valign="bottom"/><td style="width:72.3pt;padding-left:0.7pt;border-top:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:center"><b>2023</b></p> </td><td style="width:65.4pt;padding-left:0.7pt;border-top:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:center"><b>2022</b></p> </td><td style="width:57.8pt;padding-left:0.7pt;border-top:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:center"><b>2021</b></p> </td></tr> <tr><td style="width:236.5pt;padding-left:0.7pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:72.3pt;padding-left:0.7pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"> </p> </td><td style="width:65.4pt;padding-left:0.7pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"> </p> </td><td style="width:57.8pt;padding-left:0.7pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"> </p> </td></tr> <tr><td style="width:236.5pt;padding-left:0.7pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0">Non-cash transactions were as follows:</p> </td><td style="width:72.3pt;padding-left:0.7pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"> </p> </td><td style="width:65.4pt;padding-left:0.7pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"> </p> </td><td style="width:57.8pt;padding-left:0.7pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"> </p> </td></tr> <tr><td style="width:236.5pt;padding-left:0.7pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="margin-left:12.6pt"/>exploration and evaluation asset </p> </td><td style="width:72.3pt;padding-left:0.7pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"> </p> </td><td style="width:65.4pt;padding-left:0.7pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"> </p> </td><td style="width:57.8pt;padding-left:0.7pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"> </p> </td></tr> <tr><td style="width:236.5pt;padding-left:0.7pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="margin-left:25.9pt"/>included in accounts payable </p> </td><td style="width:72.3pt;padding-left:0.7pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:62.3pt">23</kbd> </p> </td><td style="width:65.4pt;padding-left:0.7pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:51.2pt">211</kbd> </p> </td><td style="width:57.8pt;padding-left:0.7pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:48.6pt">- </kbd> </p> </td></tr> </table> | |
| CY2023 | fil |
Deferred Exploration Expense Recorded As Accounts Payable
DeferredExplorationExpenseRecordedAsAccountsPayable
|
23 | cad |
| CY2022 | fil |
Deferred Exploration Expense Recorded As Accounts Payable
DeferredExplorationExpenseRecordedAsAccountsPayable
|
211 | cad |
| CY2021 | fil |
Deferred Exploration Expense Recorded As Accounts Payable
DeferredExplorationExpenseRecordedAsAccountsPayable
|
0 | cad |
| CY2023 | ifrs-full |
Disclosure Of Income Tax Explanatory
DisclosureOfIncomeTaxExplanatory
|
<p style="font:11pt Times New Roman;margin-top:12pt;margin-bottom:0pt;margin-left:36pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-36pt"><b>11.</b></kbd><b>INCOME TAXES</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:0pt;margin-left:36pt;text-align:justify">The income tax provision differs from income taxes, which would result from applying the expected tax rate to net loss before income taxes. The following table reconciles the expected income tax expenses (recovery) at the Canadian statutory tax rate to the amounts recognized in the statements of financial position and comprehensive loss for the years ended January 31, 2023, 2022 and 2021:</p> <p style="font:11pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <table style="border-collapse:collapse;width:432pt;margin-left:41.4pt"><tr><td style="width:204.5pt;padding-left:2.9pt;padding-right:2.9pt;border-top:3px double #000000;border-bottom:0.75pt solid #000000" valign="bottom"/><td style="width:74.5pt;padding-left:2.9pt;padding-right:2.9pt;border-top:3px double #000000;border-bottom:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:center"><b>2023</b></p> </td><td style="width:76.5pt;padding-left:2.9pt;padding-right:2.9pt;border-top:3px double #000000;border-bottom:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:center"><b>2022</b></p> </td><td style="width:76.5pt;padding-left:2.9pt;padding-right:2.9pt;border-top:3px double #000000;border-bottom:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:center"><b>2021</b></p> </td></tr> <tr><td style="width:204.5pt;padding-left:2.9pt;padding-right:2.9pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:74.5pt;padding-left:2.9pt;padding-right:2.9pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:76.5pt;padding-left:2.9pt;padding-right:2.9pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:76.5pt;padding-left:2.9pt;padding-right:2.9pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td></tr> <tr><td style="width:204.5pt;padding-left:2.9pt;padding-right:2.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0">Loss before income taxes</p> </td><td style="width:74.5pt;padding-left:2.9pt;padding-right:2.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:62.1pt">(903,039)</kbd> </p> </td><td style="width:76.5pt;padding-left:2.9pt;padding-right:2.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:68.1pt">(34,405,463)</kbd> </p> </td><td style="width:76.5pt;padding-left:2.9pt;padding-right:2.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:61.2pt">(643,227)</kbd> </p> </td></tr> <tr><td style="width:204.5pt;padding-left:2.9pt;padding-right:2.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0">Canadian statutory income tax rate</p> </td><td style="width:74.5pt;padding-left:2.9pt;padding-right:2.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:39.6pt">27.0%</kbd> </p> </td><td style="width:76.5pt;padding-left:2.9pt;padding-right:2.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:39.6pt">27.0%</kbd> </p> </td><td style="width:76.5pt;padding-left:2.9pt;padding-right:2.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:39.6pt">27.0%</kbd> </p> </td></tr> <tr><td style="width:204.5pt;padding-left:2.9pt;padding-right:2.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0">Computed “expected” income tax expense</p> </td><td style="width:74.5pt;padding-left:2.9pt;padding-right:2.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:62.1pt">(243,821)</kbd> </p> </td><td style="width:76.5pt;padding-left:2.9pt;padding-right:2.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:68.1pt">(9,289,475)</kbd> </p> </td><td style="width:76.5pt;padding-left:2.9pt;padding-right:2.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:61.2pt">(173,671)</kbd> </p> </td></tr> <tr><td style="width:204.5pt;padding-left:2.9pt;padding-right:2.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:74.5pt;padding-left:2.9pt;padding-right:2.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"> </p> </td><td style="width:76.5pt;padding-left:2.9pt;padding-right:2.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"> </p> </td><td style="width:76.5pt;padding-left:2.9pt;padding-right:2.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"> </p> </td></tr> <tr><td style="width:204.5pt;padding-left:2.9pt;padding-right:2.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0">Differences resulting from:</p> </td><td style="width:74.5pt;padding-left:2.9pt;padding-right:2.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"> </p> </td><td style="width:76.5pt;padding-left:2.9pt;padding-right:2.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"> </p> </td><td style="width:76.5pt;padding-left:2.9pt;padding-right:2.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"> </p> </td></tr> <tr><td style="width:204.5pt;padding-left:2.9pt;padding-right:2.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="margin-left:12.6pt"/>Option based payments </p> </td><td style="width:74.5pt;padding-left:2.9pt;padding-right:2.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:62.1pt">116,882</kbd> </p> </td><td style="width:76.5pt;padding-left:2.9pt;padding-right:2.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:68.1pt">1,117,423</kbd> </p> </td><td style="width:76.5pt;padding-left:2.9pt;padding-right:2.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:61.2pt">59,722</kbd> </p> </td></tr> <tr><td style="width:204.5pt;padding-left:2.9pt;padding-right:2.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="margin-left:12.6pt"/>Other items </p> </td><td style="width:74.5pt;padding-left:2.9pt;padding-right:2.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:62.1pt">1,939</kbd> </p> </td><td style="width:76.5pt;padding-left:2.9pt;padding-right:2.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:68.1pt">3,052</kbd> </p> </td><td style="width:76.5pt;padding-left:2.9pt;padding-right:2.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:61.2pt">1,949</kbd> </p> </td></tr> <tr><td style="width:204.5pt;padding-left:2.9pt;padding-right:2.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="margin-left:12.6pt"/>Increase/(decrease) in deferred tax </p> <p style="font:11pt Times New Roman;margin:0"><kbd style="margin-left:26.1pt"/>assets not recognized </p> </td><td style="width:74.5pt;padding-left:2.9pt;padding-right:2.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:62.1pt">125,000</kbd> </p> </td><td style="width:76.5pt;padding-left:2.9pt;padding-right:2.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:68.1pt">8,169,000</kbd> </p> </td><td style="width:76.5pt;padding-left:2.9pt;padding-right:2.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:61.2pt">112,000</kbd> </p> </td></tr> <tr><td style="width:204.5pt;padding-left:2.9pt;padding-right:2.9pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:74.5pt;padding-left:2.9pt;padding-right:2.9pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"> </p> </td><td style="width:76.5pt;padding-left:2.9pt;padding-right:2.9pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"> </p> </td><td style="width:76.5pt;padding-left:2.9pt;padding-right:2.9pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"> </p> </td></tr> <tr><td style="width:204.5pt;padding-left:2.9pt;padding-right:2.9pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0">Provision for income tax expense</p> </td><td style="width:74.5pt;padding-left:2.9pt;padding-right:2.9pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:62.1pt">- </kbd> </p> </td><td style="width:76.5pt;padding-left:2.9pt;padding-right:2.9pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:68.1pt">- </kbd> </p> </td><td style="width:76.5pt;padding-left:2.9pt;padding-right:2.9pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;margin-right:-10.25pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:61.2pt">- </kbd> </p> </td></tr> </table> <p style="font:11pt Times New Roman;margin:0"> </p> <p style="font:11pt Times New Roman;margin:0;margin-left:36pt">The unrecognized deductible temporary differences are as follows:</p> <p style="font:11pt Times New Roman;margin:0;margin-left:36pt"> </p> <table style="border-collapse:collapse;width:432pt;margin-left:41.4pt"><tr><td style="width:211.5pt;border-top:3px double #000000;border-bottom:0.75pt solid #000000" valign="bottom"/><td style="width:76.5pt;border-top:3px double #000000;border-bottom:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:center"><b>2023</b></p> </td><td style="width:72pt;border-top:3px double #000000;border-bottom:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:center"><b>2022</b></p> </td><td style="width:72pt;border-top:3px double #000000;border-bottom:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0;text-align:center"><b>2021</b></p> </td></tr> <tr><td colspan="3" style="width:360pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0">Unrecognized deductible temporary differences-Canada</p> </td><td style="width:72pt;border-top:0.75pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td></tr> <tr><td style="width:211.5pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:76.5pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:72pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:72pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td></tr> <tr><td style="width:211.5pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="margin-left:12.6pt"/>Non-capital loss carry forwards </p> </td><td style="width:76.5pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:70.2pt">11,258,000</kbd> </p> </td><td style="width:72pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:60.9pt">10,801,000</kbd> </p> </td><td style="width:72pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:61.2pt">10,369,000</kbd> </p> </td></tr> <tr><td style="width:211.5pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="margin-left:12.6pt"/>Exploration and evaluation asset costs </p> </td><td style="width:76.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:70.2pt">34,926,000</kbd> </p> </td><td style="width:72pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:60.9pt">34,926,000</kbd> </p> </td><td style="width:72pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:61.2pt">5,089,000</kbd> </p> </td></tr> <tr><td style="width:211.5pt" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:76.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:72pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td><td style="width:72pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"> </p> </td></tr> <tr><td style="width:211.5pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0">Total Unrecognized deductible temporary differences not recognized</p> </td><td style="width:76.5pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:70.2pt">46,184,000</kbd> </p> </td><td style="width:72pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:60.9pt">45,727,000</kbd> </p> </td><td style="width:72pt;border-bottom:3px double #000000" valign="bottom"><p style="font:11pt Times New Roman;margin:0"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:61.2pt">15,458,000</kbd> </p> </td></tr> </table> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt">The Company has Canadian non-capital loss carry forwards which expire as follows:</p> <table style="border-collapse:collapse;margin-left:41.4pt"><tr><td style="width:57.6pt" valign="top"/><td style="width:86.4pt" valign="top"/></tr> <tr><td style="width:57.6pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:center">2026</p> </td><td style="width:86.4pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-left:3.6pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:63.9pt">605,469</kbd> </p> </td></tr> <tr><td style="width:57.6pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:center">2027</p> </td><td style="width:86.4pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-left:3.6pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:63.9pt">808,472</kbd> </p> </td></tr> <tr><td style="width:57.6pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:center">2028</p> </td><td style="width:86.4pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-left:3.6pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:63.9pt">942,980</kbd> </p> </td></tr> <tr><td style="width:57.6pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:center">2029</p> </td><td style="width:86.4pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-left:3.6pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:63.9pt">466,936</kbd> </p> </td></tr> <tr><td style="width:57.6pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:center">2030</p> </td><td style="width:86.4pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-left:3.6pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:63.9pt">957,373</kbd> </p> </td></tr> <tr><td style="width:57.6pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:center">2031</p> </td><td style="width:86.4pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-left:3.6pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:63.9pt">974,551</kbd> </p> </td></tr> <tr><td style="width:57.6pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:center">2032</p> </td><td style="width:86.4pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-left:3.6pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:63.9pt">876,759</kbd> </p> </td></tr> <tr><td style="width:57.6pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:center">2033</p> </td><td style="width:86.4pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-left:3.6pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:63.9pt">910,383</kbd> </p> </td></tr> <tr><td style="width:57.6pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:center">2034</p> </td><td style="width:86.4pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-left:3.6pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:63.9pt">908,862</kbd> </p> </td></tr> <tr><td style="width:57.6pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:center">2035</p> </td><td style="width:86.4pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-left:3.6pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:63.9pt">606,902</kbd> </p> </td></tr> <tr><td style="width:57.6pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:center">2036</p> </td><td style="width:86.4pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-left:3.6pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:63.9pt">488,504</kbd> </p> </td></tr> <tr><td style="width:57.6pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:center">2037</p> </td><td style="width:86.4pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-left:3.6pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:63.9pt">366,614</kbd> </p> </td></tr> <tr><td style="width:57.6pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:center">2038</p> </td><td style="width:86.4pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-left:3.6pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:63.9pt">336,016</kbd> </p> </td></tr> <tr><td style="width:57.6pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:center">2039</p> </td><td style="width:86.4pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-left:3.6pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:63.9pt">205,817</kbd> </p> </td></tr> <tr><td style="width:57.6pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:center">2040</p> </td><td style="width:86.4pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-left:3.6pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:63.9pt">522,300</kbd> </p> </td></tr> <tr><td style="width:57.6pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:center">2041</p> </td><td style="width:86.4pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-left:3.6pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:63.9pt">406,645</kbd> </p> </td></tr> <tr><td style="width:57.6pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:center">2042</p> </td><td style="width:86.4pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-left:3.6pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:63.9pt">416,062</kbd> </p> </td></tr> <tr><td style="width:57.6pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:center">2043</p> </td><td style="width:86.4pt" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-left:3.6pt"><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:63.9pt">457,565</kbd> </p> </td></tr> <tr><td style="width:57.6pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:center"> </p> </td><td style="width:86.4pt;border-bottom:0.75pt solid #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-left:3.6pt"> </p> </td></tr> <tr><td style="width:57.6pt" valign="top"><p style="font:11pt Times New Roman;margin:0;text-align:center">Total</p> </td><td style="width:86.4pt;border-top:0.75pt solid #000000;border-bottom:3px double #000000" valign="top"><p style="font:11pt Times New Roman;margin:0;margin-left:3.6pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:0pt">$</kbd><kbd style="position:absolute;text-align:right;font:11pt Times New Roman;width:63.9pt">11,258,210</kbd> </p> </td></tr> </table> <p style="font:11pt Times New Roman;margin:0"> </p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Deferred tax assets have not been recognized in these financial statements because at this stage of the Company’s development, it is not determinable that future taxable profit will be available against which the Company can utilize such deferred tax assets.</p> | |
| CY2023 | ifrs-full |
Profit Loss
ProfitLoss
|
-903039 | cad |
| CY2022 | ifrs-full |
Profit Loss
ProfitLoss
|
-34405463 | cad |
| CY2021 | ifrs-full |
Profit Loss
ProfitLoss
|
-643227 | cad |
| CY2023 | fil |
Canadian Statutory Income Tax Rate
CanadianStatutoryIncomeTaxRate
|
0.270 | pure |
| CY2022 | fil |
Canadian Statutory Income Tax Rate
CanadianStatutoryIncomeTaxRate
|
0.270 | pure |
| CY2021 | fil |
Canadian Statutory Income Tax Rate
CanadianStatutoryIncomeTaxRate
|
0.270 | pure |
| CY2023 | fil |
Computed Expected Income Tax Expense
ComputedExpectedIncomeTaxExpense
|
-243821 | cad |
| CY2022 | fil |
Computed Expected Income Tax Expense
ComputedExpectedIncomeTaxExpense
|
-9289475 | cad |
| CY2021 | fil |
Computed Expected Income Tax Expense
ComputedExpectedIncomeTaxExpense
|
-173671 | cad |
| CY2023 | fil |
Option Based Payments
OptionBasedPayments
|
116882 | cad |
| CY2022 | fil |
Option Based Payments
OptionBasedPayments
|
1117423 | cad |
| CY2021 | fil |
Option Based Payments
OptionBasedPayments
|
59722 | cad |
| CY2023 | fil |
Other Non Deductible Items
OtherNonDeductibleItems
|
1939 | cad |
| CY2022 | fil |
Other Non Deductible Items
OtherNonDeductibleItems
|
3052 | cad |
| CY2021 | fil |
Other Non Deductible Items
OtherNonDeductibleItems
|
1949 | cad |
| CY2023 | fil |
Increase Decrease In Deferred Tax Assets Not Recognized
IncreaseDecreaseInDeferredTaxAssetsNotRecognized
|
125000 | cad |
| CY2022 | fil |
Increase Decrease In Deferred Tax Assets Not Recognized
IncreaseDecreaseInDeferredTaxAssetsNotRecognized
|
8169000 | cad |
| CY2021 | fil |
Increase Decrease In Deferred Tax Assets Not Recognized
IncreaseDecreaseInDeferredTaxAssetsNotRecognized
|
112000 | cad |
| CY2023 | fil |
Provision For Income Tax Expense
ProvisionForIncomeTaxExpense
|
0 | cad |
| CY2022 | fil |
Provision For Income Tax Expense
ProvisionForIncomeTaxExpense
|
0 | cad |
| CY2021 | fil |
Provision For Income Tax Expense
ProvisionForIncomeTaxExpense
|
0 | cad |
| CY2023 | fil |
Non Capital Loss Carry Forwards1
NonCapitalLossCarryForwards1
|
11258000 | cad |
| CY2022 | fil |
Non Capital Loss Carry Forwards1
NonCapitalLossCarryForwards1
|
10801000 | cad |
| CY2021 | fil |
Non Capital Loss Carry Forwards1
NonCapitalLossCarryForwards1
|
10369000 | cad |
| CY2023 | fil |
Exploration And Evaluation Asset Costs
ExplorationAndEvaluationAssetCosts
|
34926000 | cad |
| CY2022 | fil |
Exploration And Evaluation Asset Costs
ExplorationAndEvaluationAssetCosts
|
34926000 | cad |
| CY2021 | fil |
Exploration And Evaluation Asset Costs
ExplorationAndEvaluationAssetCosts
|
5089000 | cad |
| CY2023 | fil |
Total Unrecognized Deductible Temporary Differences Not Recognized
TotalUnrecognizedDeductibleTemporaryDifferencesNotRecognized
|
46184000 | cad |
| CY2022 | fil |
Total Unrecognized Deductible Temporary Differences Not Recognized
TotalUnrecognizedDeductibleTemporaryDifferencesNotRecognized
|
45727000 | cad |
| CY2021 | fil |
Total Unrecognized Deductible Temporary Differences Not Recognized
TotalUnrecognizedDeductibleTemporaryDifferencesNotRecognized
|
15458000 | cad |
| CY2023 | fil |
Non Capital Loss Carry Forwards
NonCapitalLossCarryForwards
|
11258210 | cad |
| CY2023 | ifrs-full |
Disclosure Of Commitments Explanatory
DisclosureOfCommitmentsExplanatory
|
<p style="font:11pt Times New Roman;margin-top:12pt;margin-bottom:0pt;margin-left:36pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-36pt"><b>12.</b></kbd><b>COMMITMENTS</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The Company has signed an agreement with a hunting lodge in the area of the project, which, conditional on the receipt of applicable permits and licences, requires the Company to pay $100,000 (plus sales tax if required) as full and final compensation for any loss of business which the lodge may suffer in connection with the construction, development and overall operation of the mine. This payment is required to be made three months prior to commencement of construction.</p> | |
| CY2023 | ifrs-full |
Disclosure Of Operating Segments Explanatory
DisclosureOfOperatingSegmentsExplanatory
|
<p style="font:11pt Times New Roman;margin-top:12pt;margin-bottom:0pt;margin-left:36pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-36pt"><b>13.</b></kbd><b>SEGMENTED INFORMATION</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The Company has determined that it had only one operating segment, i.e. mining exploration. The Company’s mining operations are centralized whereby the Company’s head office is responsible for the exploration results and to provide support in addressing local and regional issues. As at January 31, 2023 and 2022, the Company’s assets are all located in Canada (Notes 5 and 6).</p> | |
| CY2023 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | pure |
| CY2023 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | pure |
| CY2023 | ifrs-full |
Disclosure Of Financial Instruments Explanatory
DisclosureOfFinancialInstrumentsExplanatory
|
<p style="font:11pt Times New Roman;margin-top:12pt;margin-bottom:0pt;margin-left:36pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-36pt"><b>14.</b></kbd><b>FINANCIAL INSTRUMENTS & FINANCIAL RISK MANAGEMENT</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The Company's financial instruments include cash and cash equivalents, accounts receivable (excluding GST), accounts payable and accrued liabilities, amounts owing to related parties and reclamation deposits. Cash is recognized at fair value and subsequently measured at amortized cost. The carrying values of these financial instruments approximate their fair values due to their relatively short periods to maturity.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The Company’s financial instruments at January 31, 2023 are cash and cash equivalents in the amount of $543,204 (2022 - $1,172,393), recognized at fair value and subsequently measured at amortized cost.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The Company's risk management policies are established to identify and analyze the risks faced by the Company, to set appropriate risk limits and controls, and to monitor risks and adherence to market conditions and the Company's activities. The Board of Directors has overall responsibility for the establishment and oversight of the Company's risk management framework. The Board has implemented and monitors compliance with risk management policies.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The Company has some exposure to credit risk, liquidity risk and market risk as a result of its use of financial instruments. This note presents information about the Company's exposure to each of the above risks and the Company's objectives, policies and processes for measuring and managing these risks. Further quantitative disclosures are included throughout these financial statements.</p> <p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(a)</b></kbd><kbd style="margin-left:72pt"/><b>Credit risk</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Credit risk is the risk of financial loss to the Company if the counterparty to a financial instrument fails to meet its contractual obligations. The Company's receivables primarily relate to Goods & Services Tax input tax credits. Accordingly, the Company views credit risk on receivables as minimal.</p> <p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(b)</b></kbd><kbd style="margin-left:72pt"/><b>Liquidity risk</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Liquidity risk is the risk that the Company will incur difficulties meeting its financial obligations as they are due. The Company's approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions without incurring unacceptable losses or risking harm to the Company's reputation.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The Company anticipates it will have adequate liquidity to fund its financial liabilities through cash on hand and future equity contributions.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">As at January 31, 2023, the Company's financial liabilities were comprised of accounts payable and accrued liabilities and amounts owing to related parties which have a maturity of less than one year.</p> <p style="font:11pt Times New Roman;margin-top:6pt;margin-bottom:0pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:36pt"><b>(c)</b></kbd><kbd style="margin-left:72pt"/><b>Market risk</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Market risk consists of currency risk, commodity price risk and interest rate risk. The objective of market risk management is to manage and control market risk exposures within acceptable limits, while maximizing returns.</p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:0pt;margin-left:54pt"><i>Currency risk</i></p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:54pt;text-align:justify">Foreign currency exchange rate risk is the risk that the fair value or future cash flows will fluctuate as a result of changes in foreign exchange rates. Although the Company is considered to be in the exploration stage and has not yet developed commercial mineral interests, the underlying market prices in Canada for minerals are impacted by changes in the exchange rate between the Canadian and United States dollar. As most of the Company's transactions are currently denominated in Canadian dollars, the Company is not exposed to foreign currency exchange risk at this time.</p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:0pt;margin-left:54pt"><i>Commodity price risk</i></p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:54pt;text-align:justify">Commodity price risk is the risk that the fair value or future cash flows will fluctuate as a result of changes in commodity prices. Commodity prices for minerals are impacted by world economic events that dictate the levels of supply and demand as well as the relationship between the Canadian and United States dollar, as outlined above. As the Company has not yet developed commercial mineral interests, it is not exposed to commodity price risk at this time.</p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:0pt;margin-left:54pt"><i>Interest rate risk</i></p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:54pt;text-align:justify">Interest rate risk is the risk that future cash flows will fluctuate as a result of changes in market interest rates. As the Company has no debt or interest-earning investments, it is not exposed to interest rate risk at this time.</p> | |
| CY2023 | ifrs-full |
Disclosure Of Objectives Policies And Processes For Managing Capital Explanatory
DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory
|
<p style="font:11pt Times New Roman;margin-top:12pt;margin-bottom:0pt;margin-left:36pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-36pt"><b>15.</b></kbd><b>CAPITAL MANAGEMENT</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The Company manages its capital structure and makes adjustments to it, based on the funds available to the Company, in order to support the exploration of its mineral properties. The Board of Directors have not established a quantitative return on capital criteria for management, but rather relies on the expertise of the Company’s management to sustain future development of the business. The Company defines capital that it manages as share capital.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Management reviews its capital management approach on an on-going basis and believes that this approach, given the relative size of the Company, is reasonable.</p> <p style="font:11pt Times New Roman;margin-top:0pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">The Company is in the business of mineral exploration and has no source of operating revenue. Operations are financed through the issuance of capital stock. Capital raised is held in cash in an interest bearing bank account until such time as it is required to pay operating expenses or resource property costs. The Company is not subject to any externally imposed capital restrictions. Its objectives in managing its capital are to safeguard its cash and its ability to continue as a going concern, and to utilize as much of its available capital as possible for exploration activities. The Company’s objectives have not changed during the year ended January 31, 2023.</p> | |
| CY2023 | ifrs-full |
Disclosure Of Events After Reporting Period Explanatory
DisclosureOfEventsAfterReportingPeriodExplanatory
|
<p style="font:11pt Times New Roman;margin-top:12pt;margin-bottom:0pt;margin-left:36pt"><kbd style="position:absolute;font:11pt Times New Roman;margin-left:-36pt"><b>16.</b></kbd><b>SUBSEQUENT EVENT</b> </p> <p style="font:11pt Times New Roman;margin-top:3pt;margin-bottom:6pt;margin-left:36pt;text-align:justify">Subsequent to the end of the period, 275,000 options expired unexercised due to the death of the optionee in 2022.</p> <hr style="border:0;height:0;width:0;margin:14pt 0 0 0"/><p style="font:10pt Verdana;margin:0;text-align:center"><span style="font-family:Times New Roman">F-30</span></p> <hr style="page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0"/><p style="line-height:0;margin:0"/> <hr style="border:0;height:0;width:0;margin:14pt 0 0 0"/> | |
| CY2023 | us-gaap |
Subsequent Event Description
SubsequentEventDescription
|
275,000 options expired unexercised due to the death of the optionee in 2022 |
