2022 Q4 Form 20-F Financial Statement
#000149315223017472 Filed on May 15, 2023
Income Statement
| Concept | 2022 Q4 | 2022 | 2021 |
|---|---|---|---|
| Revenue | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $3.457M | $15.36M | $3.716M |
| YoY Change | 71.9% | 313.41% | 64.86% |
| % of Gross Profit | |||
| Research & Development | $69.37K | $69.37K | |
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $95.66K | $96.54K | $5.000K |
| YoY Change | -2013.2% | 1830.8% | -28.57% |
| % of Gross Profit | |||
| Operating Expenses | $4.011M | $15.94M | $3.721M |
| YoY Change | 99.96% | 328.33% | 64.57% |
| Operating Profit | |||
| YoY Change | |||
| Interest Expense | -$313.2K | $8.702M | -$176.0K |
| YoY Change | 187.38% | -5044.3% | 34.35% |
| % of Operating Profit | |||
| Other Income/Expense, Net | $0.00 | ||
| YoY Change | -100.0% | ||
| Pretax Income | $41.88M | -$36.41M | -$3.996M |
| YoY Change | -1991.45% | 811.17% | 45.79% |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | $41.88M | -36.41M cads | -$3.996M |
| YoY Change | -1991.45% | 811.17% | 45.79% |
| Net Earnings / Revenue | |||
| Basic Earnings Per Share | $0.25 | ||
| Diluted Earnings Per Share | $0.38 | -$0.33 | -$163.3K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 116.5M shares | 109.7M | |
| Diluted Shares Outstanding | 109.7M |
Balance Sheet
| Concept | 2022 Q4 | 2022 | 2021 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $5.163M | $5.163M | $1.973M |
| YoY Change | 161.68% | 161.68% | 540.58% |
| Cash & Equivalents | $5.163M | ||
| Short-Term Investments | |||
| Other Short-Term Assets | $470.7K | $470.7K | $53.00K |
| YoY Change | 788.17% | 788.17% | 47.22% |
| Inventory | |||
| Prepaid Expenses | $470.7K | ||
| Receivables | |||
| Other Receivables | $804.6K | ||
| Total Short-Term Assets | $6.438M | $6.438M | $2.247M |
| YoY Change | 186.53% | 186.53% | 432.46% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $35.22M | $35.22M | $39.12M |
| YoY Change | -9.96% | -9.96% | -0.02% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $321.0K | ||
| YoY Change | 568.75% | ||
| Other Assets | $0.00 | ||
| YoY Change | -100.0% | ||
| Total Long-Term Assets | 35.22M cads | $35.22M | $39.44M |
| YoY Change | -10.69% | -10.69% | 0.55% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $6.438M | $6.438M | $2.247M |
| Total Long-Term Assets | 35.22M cads | $35.22M | $39.44M |
| Total Assets | 41.66M cads | $41.66M | $41.68M |
| YoY Change | -0.06% | -0.06% | 5.14% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $3.661M | $3.661M | $401.0K |
| YoY Change | 812.85% | 812.85% | 38.28% |
| Accrued Expenses | $322.0K | $322.0K | $46.00K |
| YoY Change | 599.91% | 599.91% | 4.55% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $7.071M | $7.071M | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $1.366M | $1.366M | |
| YoY Change | |||
| Total Short-Term Liabilities | $12.46M | $12.46M | $480.0K |
| YoY Change | 2496.33% | 2496.33% | -23.69% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $1.366M | $1.366M | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $640.6K | $640.6K | |
| YoY Change | |||
| Total Long-Term Liabilities | $2.006M | $2.006M | $0.00 |
| YoY Change | |||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $12.46M | $12.46M | $480.0K |
| Total Long-Term Liabilities | $2.006M | $2.006M | $0.00 |
| Total Liabilities | 14.47M cads | $14.47M | $480.0K |
| YoY Change | 2914.3% | 2914.3% | -23.69% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$72.19M | ||
| YoY Change | |||
| Common Stock | $0.00 | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $27.19M | $27.19M | $41.20M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $41.66M | $41.66M | $41.68M |
| YoY Change | -0.06% | -0.06% | 5.14% |
Cashflow Statement
| Concept | 2022 Q4 | 2022 | 2021 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $41.88M | -36.41M cads | -$3.996M |
| YoY Change | -1991.45% | 811.17% | 45.79% |
| Depreciation, Depletion And Amortization | $95.66K | $96.54K | $5.000K |
| YoY Change | -2013.2% | 1830.8% | -28.57% |
| Cash From Operating Activities | -$464.3K | -$5.518M | -$1.474M |
| YoY Change | 16.65% | 274.37% | 10.66% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $6.593M | $29.66M | -$122.0K |
| YoY Change | 329531.5% | -24412.63% | -80.79% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | $11.05M | -$392.0K |
| YoY Change | -2919.37% | 129.24% | |
| Cash From Investing Activities | -$6.593M | -$18.61M | -$514.0K |
| YoY Change | -329731.0% | 3520.52% | -36.23% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $3.743M | ||
| YoY Change | 154.28% | ||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 7.936M | 28.77M | 3.653M |
| YoY Change | 658.02% | 687.68% | 170.99% |
| NET CHANGE | |||
| Cash From Operating Activities | -464.3K | -5.518M | -1.474M |
| Cash From Investing Activities | -6.593M | -18.61M | -514.0K |
| Cash From Financing Activities | 7.936M | 28.77M | 3.653M |
| Net Change In Cash | 879.6K | 4.646M | 1.665M |
| YoY Change | 35.12% | 179.04% | -310.76% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$464.3K | -$5.518M | -$1.474M |
| Capital Expenditures | $6.593M | $29.66M | -$122.0K |
| Free Cash Flow | -$7.057M | -$35.18M | -$1.352M |
| YoY Change | 1664.22% | 2502.04% | 93.97% |
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72197650 | shares |
| CY2020Q4 | ifrs-full |
Equity
Equity
|
-2654845 | cad |
| CY2021 | ifrs-full |
Profit Loss
ProfitLoss
|
-9359605 | cad |
| CY2021 | PNRLF |
Number Of Share Capital Issued Through Private Placement Value
NumberOfShareCapitalIssuedThroughPrivatePlacementValue
|
6771729 | cad |
| CY2021 | ifrs-full |
Share Issue Related Cost
ShareIssueRelatedCost
|
287228 | cad |
| CY2021 | ifrs-full |
Expense From Sharebased Payment Transactions With Employees
ExpenseFromSharebasedPaymentTransactionsWithEmployees
|
1261891 | cad |
| CY2021 | ifrs-full |
Other Comprehensive Income Net Of Tax Exchange Differences On Translation Other Than Translation Of Foreign Operations
OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOtherThanTranslationOfForeignOperations
|
-48906 | cad |
| CY2021Q4 | ifrs-full |
Equity
Equity
|
-4316964 | cad |
| CY2021Q4 | ifrs-full |
Equity
Equity
|
-4316964 | cad |
| CY2022 | ifrs-full |
Profit Loss
ProfitLoss
|
-36410469 | cad |
| CY2022 | ifrs-full |
Profit Loss
ProfitLoss
|
-36410469 | cad |
| CY2022 | PNRLF |
Number Of Share Capital Issued Through Private Placement Value
NumberOfShareCapitalIssuedThroughPrivatePlacementValue
|
22388599 | cad |
| CY2022 | ifrs-full |
Share Issue Related Cost
ShareIssueRelatedCost
|
1535727 | cad |
| CY2022 | PNRLF |
Stock Issued During Period Cancel Shares Held By Subsidiary Value
StockIssuedDuringPeriodCancelSharesHeldBySubsidiaryValue
|
-19710608 | cad |
| CY2022 | PNRLF |
Stock Issued During Period Cancel Shares Warrant Held By Deficit Value
StockIssuedDuringPeriodCancelSharesWarrantHeldByDeficitValue
|
28275255 | cad |
| CY2022 | PNRLF |
Outstanding Shares Acquired Value
OutstandingSharesAcquiredValue
|
87128245 | cad |
| CY2022 | PNRLF |
Exercise Of Warrants Value
ExerciseOfWarrantsValue
|
569399 | cad |
| CY2022 | PNRLF |
Exercise Of Options Value
ExerciseOfOptionsValue
|
723076 | cad |
| CY2022 | ifrs-full |
Expense From Sharebased Payment Transactions With Employees
ExpenseFromSharebasedPaymentTransactionsWithEmployees
|
7731117 | cad |
| CY2022 | ifrs-full |
Other Comprehensive Income Net Of Tax Exchange Differences On Translation Other Than Translation Of Foreign Operations
OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationOtherThanTranslationOfForeignOperations
|
-1103069 | cad |
| CY2022Q4 | ifrs-full |
Equity
Equity
|
27188344 | cad |
| CY2022Q4 | ifrs-full |
Equity
Equity
|
27188344 | cad |
| CY2022 | ifrs-full |
Profit Loss
ProfitLoss
|
-36410469 | cad |
| CY2021 | ifrs-full |
Profit Loss
ProfitLoss
|
-9359605 | cad |
| CY2022 | ifrs-full |
Adjustments For Sharebased Payments
AdjustmentsForSharebasedPayments
|
7731117 | cad |
| CY2021 | ifrs-full |
Adjustments For Sharebased Payments
AdjustmentsForSharebasedPayments
|
1261891 | cad |
| CY2022 | PNRLF |
Deferred Share Units Granted
DeferredShareUnitsGranted
|
298000 | cad |
| CY2022 | ifrs-full |
Depreciation Expense
DepreciationExpense
|
96543 | cad |
| CY2022 | ifrs-full |
Adjustments For Provisions
AdjustmentsForProvisions
|
177941 | cad |
| CY2022 | ifrs-full |
Interest Expense On Borrowings
InterestExpenseOnBorrowings
|
70959 | cad |
| CY2022 | PNRLF |
Warrant Fair Value Movement
WarrantFairValueMovement
|
8974901 | cad |
| CY2021 | PNRLF |
Warrant Fair Value Movement
WarrantFairValueMovement
|
-6345310 | cad |
| CY2022 | ifrs-full |
Profit Loss Of Acquiree
ProfitLossOfAcquiree
|
-29174415 | cad |
| CY2022 | ifrs-full |
Adjustments For Decrease Increase In Other Operating Receivables
AdjustmentsForDecreaseIncreaseInOtherOperatingReceivables
|
-1127061 | cad |
| CY2021 | ifrs-full |
Adjustments For Decrease Increase In Other Operating Receivables
AdjustmentsForDecreaseIncreaseInOtherOperatingReceivables
|
-121241 | cad |
| CY2022 | ifrs-full |
Adjustments For Increase Decrease In Trade And Other Payables
AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables
|
3445230 | cad |
| CY2021 | ifrs-full |
Adjustments For Increase Decrease In Trade And Other Payables
AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables
|
419326 | cad |
| CY2022 | ifrs-full |
Cash Flows From Used In Operating Activities
CashFlowsFromUsedInOperatingActivities
|
-5518226 | cad |
| CY2021 | ifrs-full |
Cash Flows From Used In Operating Activities
CashFlowsFromUsedInOperatingActivities
|
-1454319 | cad |
| CY2022 | ifrs-full |
Purchase Of Property Plant And Equipment Classified As Investing Activities
PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities
|
737271 | cad |
| CY2022 | ifrs-full |
Purchase Of Exploration And Evaluation Assets
PurchaseOfExplorationAndEvaluationAssets
|
28924135 | cad |
| CY2021 | ifrs-full |
Purchase Of Exploration And Evaluation Assets
PurchaseOfExplorationAndEvaluationAssets
|
3099926 | cad |
| CY2022 | ifrs-full |
Other Cash Receipts From Sales Of Equity Or Debt Instruments Of Other Entities Classified As Investing Activities
OtherCashReceiptsFromSalesOfEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities
|
11051917 | cad |
| CY2022 | ifrs-full |
Cash Flows From Used In Investing Activities
CashFlowsFromUsedInInvestingActivities
|
-18609489 | cad |
| CY2021 | ifrs-full |
Cash Flows From Used In Investing Activities
CashFlowsFromUsedInInvestingActivities
|
-3099926 | cad |
| CY2022 | PNRLF |
Proceeds From Repayment Of Issuing Shares
ProceedsFromRepaymentOfIssuingShares
|
23404857 | cad |
| CY2021 | PNRLF |
Proceeds From Repayment Of Issuing Shares
ProceedsFromRepaymentOfIssuingShares
|
6771729 | cad |
| CY2022 | ifrs-full |
Payments For Debt Issue Costs
PaymentsForDebtIssueCosts
|
1535727 | cad |
| CY2021 | ifrs-full |
Payments For Debt Issue Costs
PaymentsForDebtIssueCosts
|
287228 | cad |
| CY2022 | ifrs-full |
Proceeds From Current Borrowings
ProceedsFromCurrentBorrowings
|
164644 | cad |
| CY2022 | PNRLF |
Proceeds From Promissory Note Financing
ProceedsFromPromissoryNoteFinancing
|
6740000 | cad |
| CY2022 | ifrs-full |
Cash Flows From Used In Financing Activities
CashFlowsFromUsedInFinancingActivities
|
28773774 | cad |
| CY2021 | ifrs-full |
Cash Flows From Used In Financing Activities
CashFlowsFromUsedInFinancingActivities
|
6484501 | cad |
| CY2022 | PNRLF |
Impact Of Currency Translation For Foreign Operations
ImpactOfCurrencyTranslationForForeignOperations
|
-1473271 | cad |
| CY2021 | PNRLF |
Impact Of Currency Translation For Foreign Operations
ImpactOfCurrencyTranslationForForeignOperations
|
-48906 | cad |
| CY2022 | ifrs-full |
Increase Decrease In Cash And Cash Equivalents
IncreaseDecreaseInCashAndCashEquivalents
|
3172788 | cad |
| CY2021 | ifrs-full |
Increase Decrease In Cash And Cash Equivalents
IncreaseDecreaseInCashAndCashEquivalents
|
1881350 | cad |
| CY2021Q4 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
1990203 | cad |
| CY2020Q4 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
108853 | cad |
| CY2022Q4 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
5162991 | cad |
| CY2021Q4 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
1990203 | cad |
| CY2022 | PNRLF |
Disclosure Of Nature And Continuance Of Operations Explanatory
DisclosureOfNatureAndContinuanceOfOperationsExplanatory
|
<p id="xdx_80B_ecustom--DisclosureOfNatureAndContinuanceOfOperationsExplanatory_z2m0IHL3DNol" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1. <span id="xdx_829_zFeVpAGNgH53">NATURE OF OPERATIONS AND GOING CONCERN</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Premium Nickel Resources Ltd. (TSXV: PNRL) (formerly, North American Nickel Inc.) (the “Company” or “PNRL”) was founded upon the closing of a reverse takeover transaction (the “<b>RTO</b>”) whereby Premium Nickel Resources Corporation (“<b>PNRC</b>”) and 1000178269 Ontario Inc., a wholly owned subsidiary of North American Nickel Inc. (“<b>NAN</b>”), amalgamated by way of a triangular amalgamation under the Business Corporations Act (Ontario) (“<b>OBCA</b>”) (the “<b>Amalgamation</b>”) on August 3, 2022. (Note 4). Prior to the RTO, the common shares of NAN were listed and posted for trading on the TSX Venture Exchange (the “<b>Exchange</b>”) under the symbol “NAN”.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prior to the RTO, PNRC was a private company existing under the OBCA to evaluate, acquire, improve and reopen, assuming economic feasibility, a combination of certain assets of BCL Limited (“<b>BCL</b>”) and Tati Nickel Mining Company (“<b>TNMC</b>”) that were in liquidation in Botswana. The initial investors of PNRC include NAN, several resource investors and local Namibian and Botswana mine operators.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In connection with the RTO, the Company was continued under the OBCA and changed its name from “North American Nickel Inc.” to “Premium Nickel Resources Ltd.”</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Currently, the Company’s principal business activity is the exploration and development of mineral properties in Botswana through its wholly-owned subsidiaries.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following corporate structure chart sets out details of the direct and indirect ownership of the principal subsidiaries of the Company:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_007.jpg" style="width: 544px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="text-decoration: underline">Notes:</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 91.2pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="text-decoration: underline"/></b></span></p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="width: 0.5in"> </td> <td style="padding-left: 10pt; text-indent: -0.01pt; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</span></td> <td style="padding-left: 10pt; text-indent: -0.01pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Premium Nickel Resources Proprietary Limited owns the Selebi Mines (as defined below).</span></td></tr> <tr style="vertical-align: top"> <td> </td> <td style="padding-left: 10pt; text-indent: -0.01pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</span></td> <td style="padding-left: 10pt; text-indent: -0.01pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Premium Nickel Group Proprietary Limited owns the Selkirk mine.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021<br/> <i>(Expressed in Canadian dollars)</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company has its head and registered office at One First Canadian Place, 100 King Street West, Suite 3400, Toronto, Ontario, Canada, M5X 1A4.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On September 28, 2021, PNRC executed a definitive asset purchase agreement (the “<b>Selebi APA</b>”) with the liquidator of BCL to acquire the Selebi and Selebi North (together, the “Selebi Assets”) nickel-copper-cobalt (“<b>Ni-Cu-Co</b>”) deposits and related infrastructure formerly operated by BCL. On January 31, 2022, PNRC closed the transaction and ownership of the assets was transferred to the Company.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">PNRC also negotiated a separate asset purchase agreement to finalize terms for any prioritized assets formerly operated by TNMC. On August 22, 2022, the Company announced the completion of its acquisition of the nickel, copper, cobalt, platinum-group elements (“<b>Ni-Cu-Co-PGE</b>”) Selkirk mine in Botswana, together with associated infrastructure and four surrounding prospecting licenses (collectively, the “<b>Selkirk Assets</b>”). The acquisition was completed pursuant to the PNRC’s previously announced asset purchase agreement with the liquidator of TNMC on January 20, 2022. With the acquisition now complete, ownership of the Selkirk mine has been transferred to the Company</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company continues to monitor the global COVID-19 developments and is committed to working with health and safety as a priority and in full respect of all government and local COVID-19 protocol requirements. PNRL has developed COVID-19 travel, living and working protocols and is ensuring integration of those protocols with the currently applicable protocols of the Government of Botswana and surrounding communities. The impact of COVID-19 on the Company’s operation was mainly the increase in travelling costs due to travel restriction as well as inflated material cost for exploration and drilling work.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Going Concern</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company, being in the exploration and redevelopment stage, is subject to risks and challenges similar to companies in a comparable stage of exploration and development. These risks include the challenges of securing adequate capital for exploration, development and operational risks inherent in the mining industry, and global economic and metal price volatility and there is no assurance management will be successful in its endeavors. As at December 31, 2022, the Company had no source of operating cash flows, nor any credit line currently in place. The Company incurred a net loss of $<span id="xdx_907_eifrs-full--ProfitLoss_iN_di_c20220101__20221231_zlO2cXCr33ac" title="Net loss">36,410,469</span> for the year ended December 31, 2022 ($<span id="xdx_901_eifrs-full--ProfitLoss_iN_di_c20210101__20211231_zB89LnsOck2a" title="Net loss">9,359,605</span>) for the year ended December 31, 2021). The Company’s committed cash obligations and expected level of expenses will vary depending on its operations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These consolidated financial statements have been prepared on the assumption that the Company will continue as a going concern, meaning it will continue in operation for the foreseeable future and will be able to realize assets and discharge liabilities in the ordinary course of operations. The ability of the Company to continue operations as a going concern is ultimately dependent upon achieving profitable operations and its ability to obtain adequate financing. To date, the Company has not generated profitable operations from its resource activities and will need to invest additional funds in carrying out its planned exploration, development and operational activities. It is not possible to predict whether financing efforts will be successful or if the Company will attain a profitable level of operation. These material uncertainties cast substantial doubt about the Company’s ability to continue as a going concern. These consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts and classification of liabilities and the reported expenses and comprehensive loss that might be necessary should the Company be unable to continue as a going concern. These adjustments could be material.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The evaluation properties in which the Company currently has an interest are in pre-revenue exploration stage. As such, the Company is dependent on external financing to fund its activities. In order to carry out the planned exploration and cover administrative costs, the Company will use its existing working capital and raise additional amounts as needed. Although the Company has been successful in its past fundraising activities, there is no assurance as to the success of future fundraising efforts or as to the sufficiency of funds raised in the future. The Company will continue to assess new properties and seek to acquire interests in additional properties if there is sufficient geologic or economic potential and if adequate financial resources are available to do so.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #767070"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i/></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #767070"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021<br/> <i>(Expressed in Canadian dollars)</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The consolidated financial statements were approved and authorized for issuance by the Board of Directors of the Company on May 1, 2023. The discussion in the notes to the consolidated financial statements is stated in Canadian dollars.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
| CY2022 | ifrs-full |
Profit Loss
ProfitLoss
|
-36410469 | cad |
| CY2021 | ifrs-full |
Profit Loss
ProfitLoss
|
-9359605 | cad |
| CY2022 | ifrs-full |
Disclosure Of Summary Of Significant Accounting Policies Explanatory
DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory
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<p id="xdx_807_eifrs-full--DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory_zgSnHyY1eYde" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2. <span id="xdx_822_zFYf5nUEdzy4">BASIS OF PREPARATION AND SIGNIFICANT ACCOUNTING POLICIES</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p id="xdx_84A_ecustom--DescriptionOfAccountingPolicyForStatementOfComplianceExplanatory_zHbAw2U5iG56" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(a) <span id="xdx_862_zc1ZLcurGxJ1">Statement of Compliance</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These consolidated financial statements were prepared in accordance with International Financial Reporting Standards (“<b>IFRS</b>”) as issued by the International Accounting Standards Board (the “IASB”) and Interpretations of the International Financial Reporting Interpretations Committee (“IFRIC”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84D_eifrs-full--DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory_zIpTsyYKiBl7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(b) <span id="xdx_86E_zWcVIjhPoSo8">Basis of preparation</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These consolidated financial statements have been prepared under the historical cost convention, modified by the revaluation of any financial assets and financial liabilities where applicable. The preparation of consolidated financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise judgment in the process of applying the Company’s accounting policies. These areas involving a higher degree of judgment or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements, are disclosed in note 3.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_845_eifrs-full--DisclosureOfBasisOfConsolidationExplanatory_z3PyRyOgcc7g" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(c) <span id="xdx_86B_zenqxUTHRPH9">Basis of consolidation</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These consolidated financial statements include the financial statements of the Company and its wholly owned subsidiaries. All intercompany transactions, balances, income and expenses are eliminated upon consolidation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Effective August 3, 2022, NAN completed the <span id="xdx_909_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pid_dp_uPure_c20220302__dei--LegalEntityAxis__custom--NorthAmericanNickelIncMember_zaiBMTMLTvmd" title="Percentage of voting equity interests acquired">100%</span> acquisition of the outstanding shares of PNRC (Note 4). As the shareholders of PNRC obtained control of the Company through the exchange of their shares of PNRC for shares of NAN, the acquisition of PNRC has been accounted for in these consolidated financial statements as a reverse takeover. Consequently, the consolidated statements of loss and cash flows reflect the results from the operations and cash flows of PNRC, the legal subsidiary, for the year ended December 31, 2022 and 2021, combined with those of NAN, the legal parent, from the acquisition on August 3, 2022 to December 31, 2022, in accordance with generally accepted accounting principles for reverse takeovers. The comparative balance sheet reflects the balance sheet of PNRC as at December 31, 2021.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_846_eifrs-full--DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory_z3g60oKjmO67" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(d) <span id="xdx_867_zTwAer2C2e06">Foreign currency translation</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s functional and presentation currency is the Canadian dollar. Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the date of the transaction. Foreign currency monetary items are translated at the year-end exchange rate. Non-monetary items measured at historical cost continue to be carried at the exchange rate at the date of the transaction. Non-monetary items measured at fair value are reported at the exchange rate at the date when fair values were determined.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exchange differences arising on the translation of monetary items or on settlement of monetary items are recognized in profit or loss in the statement of comprehensive loss in the period in which they arise, except where deferred in equity as a qualifying cash flow or net investment hedge.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exchange differences arising on the translation of non-monetary items are recognized in other comprehensive income in the statement of comprehensive loss to the extent that gains and losses arising on those non-monetary items are also recognized in other comprehensive income. Where the non-monetary gain or loss is recognized in profit or loss, the exchange component is also recognized in profit or loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021<br/> <i>(Expressed in Canadian dollars)</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_844_ecustom--DescriptionOfAccountingPolicyForForeignOperationsExplanatory_zSmIJhHbji4h" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(e) <span id="xdx_86D_zjiQM29tLMFc">Foreign operations</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In the Company’s consolidated financial statements, all assets, liabilities and transactions of the Company’s entities with a functional currency other than the Canadian dollar are translated into Canadian dollars upon consolidation. The functional currency of the Company’s subsidiaries in Barbados is the US dollar, and the Botswana Pula (BWP) for the subsidiaries in Botswana during the reporting period. On consolidation, assets and liabilities have been translated into Canadian dollars at the closing rate on the reporting date. Fair value adjustments arising on the acquisition of a foreign entity have been treated as assets and liabilities of the foreign entity and translated into Canadian dollars at the closing rate on the reporting date. Income and expenses have been translated into Canadian dollars at the average rate over the reporting period. Exchange differences are charged or credited to other comprehensive loss and recognized in the currency translation reserve in equity. On disposal of a foreign operation, the related cumulative translation differences recognized in equity are reclassified to profit or loss and are recognized as part of the gain or loss on disposal.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84D_eifrs-full--DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory_zkLc9Babtmjg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(f) <span id="xdx_86E_zRLG671p6fwh">Financial instruments</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Classification</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company classifies its financial instruments in the following categories: at fair value through profit and loss (“FVTPL”), at fair value through other comprehensive income (loss) (“FVTOCI”) or at amortized cost. The Company determines the classification of financial assets at initial recognition. The classification of debt instruments is driven by the Company’s business model for managing the financial assets and their contractual cash flow characteristics. Equity instruments that are held for trading are classified as FVTPL. For other equity instruments, on the day of acquisition, the Company can make an irrevocable election (on an instrument-by-instrument basis) to designate them as at FVTOCI. Financial liabilities are measured at amortized cost, unless they are required to be measured at FVTPL (such as instruments held for trading or derivatives) or the Company has opted to measure them at FVTPL.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table shows the classification of the Company’s financial assets and liabilities:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 96%; border-collapse: collapse; margin-left: 0.25in"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; width: 68%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Financial asset/liability</b></span></td> <td style="width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; width: 30%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Classification</b></span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cash</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">FVTPL</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Trade payables and accrued liabilities</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amortized cost</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lease liability</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amortized cost</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Promissory note</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amortized cost</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Vehicle financing</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amortized cost</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial liability – warrant</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">FVTPL</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred share unit liability</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">FVTPL</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Measurement</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Financial assets and liabilities at amortized cost</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial assets and liabilities at amortized cost are initially recognized at fair value plus or minus transaction costs,</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">respectively, and subsequently carried at amortized cost less any impairment.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Financial assets and liabilities at FVTPL</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial assets and liabilities carried at FVTPL are initially recorded at fair value and transaction costs are expensed in profit or loss. Realized and unrealized gains and losses arising from changes in the fair value of the financial assets and liabilities held at FVTPL are included in the statements of comprehensive loss in the period in which they arise.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021<br/> <i>(Expressed in Canadian dollars)</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Impairment of financial assets at amortized cost</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">An ‘expected credit loss’ impairment model applies that requires a loss allowance to be recognized based on expected credit losses. The estimated present value of future cash flows associated with the asset is determined and an </span>impairment loss is recognized for the difference between this amount and the carrying amount as follows: the carrying amount of the asset is reduced to estimated present value of the future cash flows associated with the asset, discounted at the financial asset’s original effective interest rate, either directly or through the use of an allowance account and the resulting loss is recognized in profit or loss for the period.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In a subsequent period, if the amount of the impairment loss related to financial assets measured at amortized cost decreases, the previously recognized impairment loss is reversed through profit or loss to the extent that the carrying amount of the investment at the date the impairment is reversed does not exceed what the amortized cost would have been had the impairment not been recognized.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Derecognition</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Financial assets</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company derecognizes financial assets only when the contractual rights to cash flows from the financial assets expire, or when it transfers the financial assets and substantially all of the associated risks and rewards of ownership to another party. Gains and losses on derecognition are generally recognized in the statements of comprehensive loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Investments are derecognized when the rights to receive cash flows from the investments have expired or the Company has transferred the financial asset and the transfer qualifies for derecognition.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Financial liabilities</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial liabilities are derecognized when, and only when, the Company’s obligations are discharged, cancelled or they expire. The difference between the carrying amount of the financial liability derecognized and the consideration paid and payable is recognized in the Statement of Comprehensive Loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_843_eifrs-full--DescriptionOfAccountingPolicyForExplorationAndEvaluationExpenditures_zGg5tj4JzI6e" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(g) <span id="xdx_865_zONNl9rJu0q9">Exploration and evaluation assets</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exploration and evaluation assets include the costs of acquiring licenses, costs associated with exploration and evaluation activity less accumulated impairment losses and the fair value (at acquisition date) of exploration and evaluation assets acquired in a business combination. Exploration and evaluation expenditures are initially capitalized.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Costs incurred before the Company has obtained the legal rights to explore an area are recognized in profit or loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Government tax credits received are generally recorded as a reduction to the cumulative costs incurred and capitalized on the related property.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exploration and evaluation assets are assessed for impairment if (i) sufficient data exists to determine technical feasibility and commercial viability, and (ii) facts, events and circumstances suggest that the carrying amount exceeds the recoverable amount.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Once the technical feasibility and commercial viability of the extraction of mineral resources in an area of interest are demonstrable, exploration and evaluation assets attributable to that area of interest are first tested for impairment and then reclassified to mining property and development assets within property, plant and equipment.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Recoverability of the carrying amount of any exploration and evaluation assets is dependent on successful development and commercial exploitation, or alternatively, sale of the respective areas of interest.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company may occasionally enter into farm-out arrangements, whereby it will transfer part of an interest, as consideration, for an agreement by the farmee to meet certain exploration and evaluation expenditures which would have otherwise been undertaken by the Company. The Company does not record any expenditures made by the farmee on its behalf. Any cash consideration received from the agreement is credited against the costs previously capitalized to the mineral interest given up by the Company, with any excess consideration accounted for in profit.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021<br/> <i>(Expressed in Canadian dollars)</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">When a project is deemed to no longer have commercially viable prospects to the Company, exploration and evaluation expenditures in respect of that project are deemed to be impaired. As a result, those exploration and evaluation expenditure costs, in excess of estimated recoveries, are written off to the consolidated statement of comprehensive loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_848_eifrs-full--DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory_zNCo4yOfJnC3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(h) <span id="xdx_86D_z0OGByDYfLBj">Impairment of assets</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-financial assets, including exploration and evaluation assets and property, plant and equipment, are subject to impairment tests whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. Where the carrying value of an asset exceeds its recoverable amount, which is the higher of value in use and fair value less costs to sell, the asset is written down accordingly.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Where it is not possible to estimate the recoverable amount of an individual asset, the impairment test is carried out on the asset’s cash-generating unit, which is the lowest group of assets in which the asset belongs and for which </span>there are separately identifiable cash inflows that are largely independent of the cash inflows from other assets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">An impairment loss is charged to the profit or loss, except to the extent the loss reverses gains previously recognized in other comprehensive loss</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_849_eifrs-full--DescriptionOfAccountingPolicyForLeasesExplanatory_zuWJQGtQIdC5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(i) <span id="xdx_863_zmXCrSNZgkal">Leases</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">At commencement of a contract, the Company assesses whether a contract is, or contains, a lease by determining whether the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. A right-of-use (the “ROU “) asset and lease liability are recognized at the lease commencement date. The lease liability is initially measured at the present value of all future lease payments that have not been paid as of the commencement date of the lease, discounted using the Company’s incremental borrowing rate, unless the rate implicit in the lease is readily determinable. The ROU asset is initially measured at cost, which is calculated as the initial amount of the lease liability, with an adjustment for any initial direct costs incurred, plus adjustments for any lease payments made in advance of the commencement date, and less any lease incentives received. Subsequent to initial recognition, the ROU asset is depreciated on a straight-line basis over the term of the lease or the estimated useful life, with inclusion for any options to extend that the Company reasonably expects to exercise.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ROU assets are tested for impairment in accordance with IAS 36 Impairment of Assets. The right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease liability. The lease liability is remeasured when there is a change in future lease payments arising from a change in an index or rate, if there is a change in the Company’s estimate of the amount expected to be payable under a residual value guarantee, or if the Company changes its assessment of whether it will exercise a purchase, extension or termination option. These adjustments are recorded through profit or loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_845_eifrs-full--DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory_znY7XO2pl2d2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(j) <span id="xdx_863_z4IfD8usB1ga">Property, plant and equipment</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Property, Plant and Equipment is stated at historical cost less accumulated depreciation and accumulated impairment losses.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of a significant replaced part is derecognized. All other repairs and maintenance are charged to the consolidated statement of comprehensive loss during the financial period in which they are incurred. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognized in profit or loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021<br/> <i>(Expressed in Canadian dollars)</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Depreciation is calculated on a straight-line method to charge the cost, less residual value, of the assets to their residual values over their estimated useful lives. The depreciation rate applicable to each category of property, plant and equipment is as follows:</span></p> <p id="xdx_893_ecustom--DisclosureOfDepreciationAndAmortizationRatesExplanatory_zztzmNhgDhTd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.7pt 0pt 17.85pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BB_zNK53fHDz3Ge" style="display: none">SCHEDULE OF DEPRECIATION AND AMORTIZATION RATE</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 90%; border-collapse: collapse; margin-left: 0.25in"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; width: 68%; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Equipment</b></span></td> <td style="padding-bottom: 1.5pt; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; width: 30%; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Estimated useful life (years)</b></span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exploration equipment</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_904_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20220101__20221231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--ExplorationEquipmentMember_z9kzMjYoSSDh" title="Estimated useful life (years)">5</span></span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Computer software</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_907_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20220101__20221231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--ComputerSoftwareMember_zIDiuue4Y5Bb" title="Estimated useful life (years)">2</span></span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Computer equipment</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_902_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20220101__20221231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--ComputerEquipmentsMember__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zXmNPBstnaW2" title="Estimated useful life (years)">1</span>-<span id="xdx_906_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20220101__20221231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--ComputerEquipmentsMember__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zbrhnSOKIrCg" title="Estimated useful life (years)">2</span></span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Vehicles</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90E_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20220101__20221231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--VehiclesMember_zusm3Rw9jvKa" title="Estimated useful life (years)">4</span></span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Furniture and fixture</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_905_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20220101__20221231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--FurnitureAndFixtureMember_zay34AOem9A4" title="Estimated useful life (years)">10</span></span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Buildings</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_901_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20220101__20221231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zEd8tTzyJvSc" title="Estimated useful life (years)">25</span></span></td></tr> </table> <p id="xdx_8A1_zdA55h1IrYQh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_84A_eifrs-full--DescriptionOfAccountingPolicyForIssuedCapitalExplanatory_z9eBasXLqVEj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(k) <span id="xdx_863_zl3O39lEyX9">Share capital</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s common shares and share warrants are classified as equity instruments.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Incremental costs directly attributable to the issue of new shares, warrants or options are shown in equity as a deduction from the proceeds.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Proceeds received on the issuance of units, consisting of common shares and warrants are allocated to share capital.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_840_eifrs-full--DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory_zGzvb3DC1H6a" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(l) <span id="xdx_869_zxFwzsUVBV76">Share-based payments</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Where equity-settled share options are awarded to employees, the fair value of the options at the date of grant is recognized over the vesting period. Performance vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each reporting date so that, ultimately, the cumulative amount recognized over the vesting period is based on the number of options that eventually vest. Non-vesting conditions and market vesting conditions are factored into the fair value of the options granted. As long as all other vesting conditions are satisfied, a charge is made irrespective of whether these non-vesting and market vesting conditions are satisfied. The cumulative expense is not adjusted for failure to achieve a market vesting condition or where a non-vesting condition is not satisfied.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.7pt 0pt 17.85pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Where the terms and conditions of options are modified, the increase in the fair value of the options, measured immediately before and after the modification, is also recognized over the remaining vesting period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.7pt 0pt 17.85pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Where equity instruments are granted to non-employees, they are recorded at the fair value of the goods or services received. Amounts related to the issuance of shares are recorded as a reduction of share capital.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.7pt 0pt 17.85pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">When the value of goods and services received in exchange for the share-based payment cannot be reliably estimated, the fair value is measured by use of a valuation model. The expected life used in the model is adjusted, based on management’s best estimate, for the effects of non-transferability, exercise restrictions, and behavioural considerations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">All equity-settled share-based payments are reflected in share-based payments reserve, until exercised. Upon exercise shares are issued from the treasury and the amount reflected in share-based payments reserve is credited to share capital along with any consideration paid.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.7pt 0pt 17.85pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_847_ecustom--DescriptionOfAccountingPolicyDeferredShareUnitsExplanatory_z3h9EjXY65W1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(m) <span id="xdx_86F_zKp5oIMo1wMj">Deferred Share Units</span> (“DSUs)”</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In the year ended December 31, 2022, the Company approved the adoption of a DSU plan. In accordance with IFRS 2 Share Based Payments, this plan is a cash-settled share-based compensation program whereby the Company records the fair value of the liability at the date upon which it is incurred and adjusts the liability to the fair value at the end of each reporting period and at the date of settlement, with any changes in fair value recognized in profit or loss for the period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021<br/> <i>(Expressed in Canadian dollars)</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The DSU Plan enables the Company upon approval by the Directors to grant DSU’s to eligible non-management directors. Upon granting DSU’s, the Company records stock-based compensation based on the number of units granted multiplied by the volume weighted average price of the Company’s common shares for the last five trading days (“5-day-VWAP”) immediately preceding the date of the grant.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.7pt 0pt 17.85pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The DSUs credited to the account of a director may only be redeemed following the date upon which the holder ceases to be a director. Depending upon the country of residence of a director, the DSUs may be redeemed at any time prior to December 15 in the calendar year following the year in which the holder ceases to be a director, and may be redeemed in as many as four installments. Upon redemption, the holder is entitled to a cash payment equal to the number of units redeemed multiplied by the 5-day-VWAP of the Company’s common shares on that date. The Company may elect, in its sole discretion, to settle the value of the DSUs redeemed in the Company’s common shares on a one-for-one basis, provided shareholder approval has been obtained on or prior to the relevant redemption date.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.7pt 0pt 17.85pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84D_eifrs-full--DescriptionOfAccountingPolicyForEarningsPerShareExplanatory_zZOC2Oiq3Q07" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(n) <span id="xdx_865_zMdCJLdhBidi">Loss per share</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.7pt 0pt 17.85pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company uses the treasury stock method to compute the dilutive effect of options, warrants and similar instruments. Under this method, the dilutive effect on loss per common share is recognized on the use of the proceeds that could be obtained upon exercise of options, warrants and similar instruments. It assumes that the proceeds would be used to purchase common shares at the average market price during the period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Basic loss per common share is calculated using the weighted average number of common shares outstanding during the period and does not include outstanding options and warrants. Dilutive loss per common share is not presented differently from basic loss per share as the conversion of outstanding stock options and warrants into common shares would be anti-dilutive.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.7pt 0pt 17.85pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84A_eifrs-full--DescriptionOfAccountingPolicyForIncomeTaxExplanatory_zxT2P0QAFXg7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(o) <span id="xdx_867_z3xDyjOn9m1f">Income taxes</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Income tax expense comprises current income and deferred income tax. Current tax and deferred tax are recognized in net loss except to the extent that it arises in a business combination, or from items recognized directly in equity or other comprehensive loss</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Current income tax assets and liabilities for the current period are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting date, in the countries where the Company operates and generates taxable income.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Current income tax relating to items recognized directly in other comprehensive losses equity is recognized in other comprehensive loss or equity and not in profit or loss. Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred income tax is calculated using the asset and liability method of temporary differences at the reporting date between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The carrying amount of deferred income tax assets is reviewed at the end of each reporting period and recognized only to the extent that it is probable that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be utilized.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realized or the liability is settled, based on tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021<br/> <i>(Expressed in Canadian dollars)</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred income tax assets and deferred income tax liabilities are offset only if a legally enforceable right exists to set off current tax assets against current income tax liabilities and the deferred income taxes relate to the same taxable entity and the same taxation authority.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">A deferred tax asset is recognized for all deductible temporary differences to the extent that it is probable that taxable profit will be available against which the deductible temporary difference can be utilized. We have not recognized any deferred tax asset as at December 31, 2022 as there are currently no sources of taxable profit currently available to the Company. We will continue to reassess whether the tax attributes meet the criteria for recognition as a deferred tax asset.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_844_ecustom--DescriptionOfAccountingPolicyNewAccountingStandardsIssuedNotYetEffectiveExplanatory_zhdfxjAvRZh3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(p) <span id="xdx_867_z6I9RhNKDpq4">Accounting standards and amendments issued but not yet effective</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain pronouncements were issued by the IASB or the IFRIC that are mandatory for accounting periods commencing on or after January 1, 2023. Many are not applicable or do not have a significant impact to the Company and have been excluded. The following have not yet been adopted and are being evaluated to determine their impact on the Company.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">IAS 1 – Presentation of Financial Statements (“IAS 1”) was amended in January 2020 to provide a more general approach to the classification of liabilities under IAS 1 based on the contractual arrangements in place at the reporting date. The amendments clarify that the classification of liabilities as current or non-current is based solely on a company’s right to defer settlement at the reporting date. The right needs to be unconditional and must have substance. The amendments also clarify that the transfer of a company’s own equity instruments is regarded as settlement of a liability, unless it results from the exercise of a conversion option meeting the definition of an equity instrument. The amendments are effective for annual periods beginning on January 1, 2024.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">IAS 1 – In February 2021, the IASB issued ‘Disclosure of Accounting Policies’ with amendments that are intended to help preparers in deciding which accounting policies to disclose in their financial statements. The amendments are effective for year ends beginning on or after January 1, 2023.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">IAS 8 – In February 2021, the IASB issued ‘Definition of Accounting Estimates’ to help entities distinguish between accounting policies and accounting estimates. The amendments are effective for year ends beginning on or after beginning on or after January 1, 2023.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
| CY2022 | PNRLF |
Description Of Accounting Policy For Statement Of Compliance Explanatory
DescriptionOfAccountingPolicyForStatementOfComplianceExplanatory
|
<p id="xdx_84A_ecustom--DescriptionOfAccountingPolicyForStatementOfComplianceExplanatory_zHbAw2U5iG56" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(a) <span id="xdx_862_zc1ZLcurGxJ1">Statement of Compliance</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These consolidated financial statements were prepared in accordance with International Financial Reporting Standards (“<b>IFRS</b>”) as issued by the International Accounting Standards Board (the “IASB”) and Interpretations of the International Financial Reporting Interpretations Committee (“IFRIC”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
| CY2022 | ifrs-full |
Disclosure Of Basis Of Preparation Of Financial Statements Explanatory
DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory
|
<p id="xdx_84D_eifrs-full--DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory_zIpTsyYKiBl7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(b) <span id="xdx_86E_zWcVIjhPoSo8">Basis of preparation</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These consolidated financial statements have been prepared under the historical cost convention, modified by the revaluation of any financial assets and financial liabilities where applicable. The preparation of consolidated financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise judgment in the process of applying the Company’s accounting policies. These areas involving a higher degree of judgment or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements, are disclosed in note 3.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
| CY2022 | ifrs-full |
Disclosure Of Basis Of Consolidation Explanatory
DisclosureOfBasisOfConsolidationExplanatory
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<p id="xdx_845_eifrs-full--DisclosureOfBasisOfConsolidationExplanatory_z3PyRyOgcc7g" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(c) <span id="xdx_86B_zenqxUTHRPH9">Basis of consolidation</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These consolidated financial statements include the financial statements of the Company and its wholly owned subsidiaries. All intercompany transactions, balances, income and expenses are eliminated upon consolidation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Effective August 3, 2022, NAN completed the <span id="xdx_909_eifrs-full--PercentageOfVotingEquityInterestsAcquired_iI_pid_dp_uPure_c20220302__dei--LegalEntityAxis__custom--NorthAmericanNickelIncMember_zaiBMTMLTvmd" title="Percentage of voting equity interests acquired">100%</span> acquisition of the outstanding shares of PNRC (Note 4). As the shareholders of PNRC obtained control of the Company through the exchange of their shares of PNRC for shares of NAN, the acquisition of PNRC has been accounted for in these consolidated financial statements as a reverse takeover. Consequently, the consolidated statements of loss and cash flows reflect the results from the operations and cash flows of PNRC, the legal subsidiary, for the year ended December 31, 2022 and 2021, combined with those of NAN, the legal parent, from the acquisition on August 3, 2022 to December 31, 2022, in accordance with generally accepted accounting principles for reverse takeovers. The comparative balance sheet reflects the balance sheet of PNRC as at December 31, 2021.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
| CY2022 | ifrs-full |
Description Of Accounting Policy For Foreign Currency Translation Explanatory
DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory
|
<p id="xdx_846_eifrs-full--DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory_z3g60oKjmO67" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(d) <span id="xdx_867_zTwAer2C2e06">Foreign currency translation</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s functional and presentation currency is the Canadian dollar. Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the date of the transaction. Foreign currency monetary items are translated at the year-end exchange rate. Non-monetary items measured at historical cost continue to be carried at the exchange rate at the date of the transaction. Non-monetary items measured at fair value are reported at the exchange rate at the date when fair values were determined.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exchange differences arising on the translation of monetary items or on settlement of monetary items are recognized in profit or loss in the statement of comprehensive loss in the period in which they arise, except where deferred in equity as a qualifying cash flow or net investment hedge.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exchange differences arising on the translation of non-monetary items are recognized in other comprehensive income in the statement of comprehensive loss to the extent that gains and losses arising on those non-monetary items are also recognized in other comprehensive income. Where the non-monetary gain or loss is recognized in profit or loss, the exchange component is also recognized in profit or loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021<br/> <i>(Expressed in Canadian dollars)</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
| CY2022 | PNRLF |
Description Of Accounting Policy For Foreign Operations Explanatory
DescriptionOfAccountingPolicyForForeignOperationsExplanatory
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<p id="xdx_844_ecustom--DescriptionOfAccountingPolicyForForeignOperationsExplanatory_zSmIJhHbji4h" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(e) <span id="xdx_86D_zjiQM29tLMFc">Foreign operations</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In the Company’s consolidated financial statements, all assets, liabilities and transactions of the Company’s entities with a functional currency other than the Canadian dollar are translated into Canadian dollars upon consolidation. The functional currency of the Company’s subsidiaries in Barbados is the US dollar, and the Botswana Pula (BWP) for the subsidiaries in Botswana during the reporting period. On consolidation, assets and liabilities have been translated into Canadian dollars at the closing rate on the reporting date. Fair value adjustments arising on the acquisition of a foreign entity have been treated as assets and liabilities of the foreign entity and translated into Canadian dollars at the closing rate on the reporting date. Income and expenses have been translated into Canadian dollars at the average rate over the reporting period. Exchange differences are charged or credited to other comprehensive loss and recognized in the currency translation reserve in equity. On disposal of a foreign operation, the related cumulative translation differences recognized in equity are reclassified to profit or loss and are recognized as part of the gain or loss on disposal.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
| CY2022 | ifrs-full |
Description Of Accounting Policy For Derivative Financial Instruments Explanatory
DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory
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<p id="xdx_84D_eifrs-full--DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory_zkLc9Babtmjg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(f) <span id="xdx_86E_zRLG671p6fwh">Financial instruments</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Classification</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company classifies its financial instruments in the following categories: at fair value through profit and loss (“FVTPL”), at fair value through other comprehensive income (loss) (“FVTOCI”) or at amortized cost. The Company determines the classification of financial assets at initial recognition. The classification of debt instruments is driven by the Company’s business model for managing the financial assets and their contractual cash flow characteristics. Equity instruments that are held for trading are classified as FVTPL. For other equity instruments, on the day of acquisition, the Company can make an irrevocable election (on an instrument-by-instrument basis) to designate them as at FVTOCI. Financial liabilities are measured at amortized cost, unless they are required to be measured at FVTPL (such as instruments held for trading or derivatives) or the Company has opted to measure them at FVTPL.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table shows the classification of the Company’s financial assets and liabilities:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 96%; border-collapse: collapse; margin-left: 0.25in"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; width: 68%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Financial asset/liability</b></span></td> <td style="width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; width: 30%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Classification</b></span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cash</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">FVTPL</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Trade payables and accrued liabilities</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amortized cost</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lease liability</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amortized cost</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Promissory note</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amortized cost</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Vehicle financing</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amortized cost</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial liability – warrant</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">FVTPL</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred share unit liability</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">FVTPL</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Measurement</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Financial assets and liabilities at amortized cost</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial assets and liabilities at amortized cost are initially recognized at fair value plus or minus transaction costs,</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">respectively, and subsequently carried at amortized cost less any impairment.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Financial assets and liabilities at FVTPL</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial assets and liabilities carried at FVTPL are initially recorded at fair value and transaction costs are expensed in profit or loss. Realized and unrealized gains and losses arising from changes in the fair value of the financial assets and liabilities held at FVTPL are included in the statements of comprehensive loss in the period in which they arise.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021<br/> <i>(Expressed in Canadian dollars)</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Impairment of financial assets at amortized cost</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">An ‘expected credit loss’ impairment model applies that requires a loss allowance to be recognized based on expected credit losses. The estimated present value of future cash flows associated with the asset is determined and an </span>impairment loss is recognized for the difference between this amount and the carrying amount as follows: the carrying amount of the asset is reduced to estimated present value of the future cash flows associated with the asset, discounted at the financial asset’s original effective interest rate, either directly or through the use of an allowance account and the resulting loss is recognized in profit or loss for the period.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In a subsequent period, if the amount of the impairment loss related to financial assets measured at amortized cost decreases, the previously recognized impairment loss is reversed through profit or loss to the extent that the carrying amount of the investment at the date the impairment is reversed does not exceed what the amortized cost would have been had the impairment not been recognized.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Derecognition</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Financial assets</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company derecognizes financial assets only when the contractual rights to cash flows from the financial assets expire, or when it transfers the financial assets and substantially all of the associated risks and rewards of ownership to another party. Gains and losses on derecognition are generally recognized in the statements of comprehensive loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Investments are derecognized when the rights to receive cash flows from the investments have expired or the Company has transferred the financial asset and the transfer qualifies for derecognition.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Financial liabilities</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial liabilities are derecognized when, and only when, the Company’s obligations are discharged, cancelled or they expire. The difference between the carrying amount of the financial liability derecognized and the consideration paid and payable is recognized in the Statement of Comprehensive Loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
| CY2022 | ifrs-full |
Description Of Accounting Policy For Exploration And Evaluation Expenditures
DescriptionOfAccountingPolicyForExplorationAndEvaluationExpenditures
|
<p id="xdx_843_eifrs-full--DescriptionOfAccountingPolicyForExplorationAndEvaluationExpenditures_zGg5tj4JzI6e" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(g) <span id="xdx_865_zONNl9rJu0q9">Exploration and evaluation assets</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exploration and evaluation assets include the costs of acquiring licenses, costs associated with exploration and evaluation activity less accumulated impairment losses and the fair value (at acquisition date) of exploration and evaluation assets acquired in a business combination. Exploration and evaluation expenditures are initially capitalized.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Costs incurred before the Company has obtained the legal rights to explore an area are recognized in profit or loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Government tax credits received are generally recorded as a reduction to the cumulative costs incurred and capitalized on the related property.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exploration and evaluation assets are assessed for impairment if (i) sufficient data exists to determine technical feasibility and commercial viability, and (ii) facts, events and circumstances suggest that the carrying amount exceeds the recoverable amount.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Once the technical feasibility and commercial viability of the extraction of mineral resources in an area of interest are demonstrable, exploration and evaluation assets attributable to that area of interest are first tested for impairment and then reclassified to mining property and development assets within property, plant and equipment.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Recoverability of the carrying amount of any exploration and evaluation assets is dependent on successful development and commercial exploitation, or alternatively, sale of the respective areas of interest.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company may occasionally enter into farm-out arrangements, whereby it will transfer part of an interest, as consideration, for an agreement by the farmee to meet certain exploration and evaluation expenditures which would have otherwise been undertaken by the Company. The Company does not record any expenditures made by the farmee on its behalf. Any cash consideration received from the agreement is credited against the costs previously capitalized to the mineral interest given up by the Company, with any excess consideration accounted for in profit.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021<br/> <i>(Expressed in Canadian dollars)</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">When a project is deemed to no longer have commercially viable prospects to the Company, exploration and evaluation expenditures in respect of that project are deemed to be impaired. As a result, those exploration and evaluation expenditure costs, in excess of estimated recoveries, are written off to the consolidated statement of comprehensive loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
| CY2022 | ifrs-full |
Description Of Accounting Policy For Impairment Of Assets Explanatory
DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory
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<p id="xdx_848_eifrs-full--DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory_zNCo4yOfJnC3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(h) <span id="xdx_86D_z0OGByDYfLBj">Impairment of assets</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-financial assets, including exploration and evaluation assets and property, plant and equipment, are subject to impairment tests whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. Where the carrying value of an asset exceeds its recoverable amount, which is the higher of value in use and fair value less costs to sell, the asset is written down accordingly.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Where it is not possible to estimate the recoverable amount of an individual asset, the impairment test is carried out on the asset’s cash-generating unit, which is the lowest group of assets in which the asset belongs and for which </span>there are separately identifiable cash inflows that are largely independent of the cash inflows from other assets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">An impairment loss is charged to the profit or loss, except to the extent the loss reverses gains previously recognized in other comprehensive loss</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
| CY2022 | ifrs-full |
Description Of Accounting Policy For Leases Explanatory
DescriptionOfAccountingPolicyForLeasesExplanatory
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<p id="xdx_849_eifrs-full--DescriptionOfAccountingPolicyForLeasesExplanatory_zuWJQGtQIdC5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(i) <span id="xdx_863_zmXCrSNZgkal">Leases</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">At commencement of a contract, the Company assesses whether a contract is, or contains, a lease by determining whether the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. A right-of-use (the “ROU “) asset and lease liability are recognized at the lease commencement date. The lease liability is initially measured at the present value of all future lease payments that have not been paid as of the commencement date of the lease, discounted using the Company’s incremental borrowing rate, unless the rate implicit in the lease is readily determinable. The ROU asset is initially measured at cost, which is calculated as the initial amount of the lease liability, with an adjustment for any initial direct costs incurred, plus adjustments for any lease payments made in advance of the commencement date, and less any lease incentives received. Subsequent to initial recognition, the ROU asset is depreciated on a straight-line basis over the term of the lease or the estimated useful life, with inclusion for any options to extend that the Company reasonably expects to exercise.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ROU assets are tested for impairment in accordance with IAS 36 Impairment of Assets. The right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease liability. The lease liability is remeasured when there is a change in future lease payments arising from a change in an index or rate, if there is a change in the Company’s estimate of the amount expected to be payable under a residual value guarantee, or if the Company changes its assessment of whether it will exercise a purchase, extension or termination option. These adjustments are recorded through profit or loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
| CY2022 | ifrs-full |
Description Of Accounting Policy For Property Plant And Equipment Explanatory
DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory
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<p id="xdx_845_eifrs-full--DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory_znY7XO2pl2d2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(j) <span id="xdx_863_z4IfD8usB1ga">Property, plant and equipment</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Property, Plant and Equipment is stated at historical cost less accumulated depreciation and accumulated impairment losses.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of a significant replaced part is derecognized. All other repairs and maintenance are charged to the consolidated statement of comprehensive loss during the financial period in which they are incurred. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognized in profit or loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021<br/> <i>(Expressed in Canadian dollars)</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Depreciation is calculated on a straight-line method to charge the cost, less residual value, of the assets to their residual values over their estimated useful lives. The depreciation rate applicable to each category of property, plant and equipment is as follows:</span></p> <p id="xdx_893_ecustom--DisclosureOfDepreciationAndAmortizationRatesExplanatory_zztzmNhgDhTd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.7pt 0pt 17.85pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BB_zNK53fHDz3Ge" style="display: none">SCHEDULE OF DEPRECIATION AND AMORTIZATION RATE</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 90%; border-collapse: collapse; margin-left: 0.25in"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; width: 68%; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Equipment</b></span></td> <td style="padding-bottom: 1.5pt; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; width: 30%; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Estimated useful life (years)</b></span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exploration equipment</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_904_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20220101__20221231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--ExplorationEquipmentMember_z9kzMjYoSSDh" title="Estimated useful life (years)">5</span></span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Computer software</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_907_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20220101__20221231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--ComputerSoftwareMember_zIDiuue4Y5Bb" title="Estimated useful life (years)">2</span></span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Computer equipment</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_902_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20220101__20221231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--ComputerEquipmentsMember__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zXmNPBstnaW2" title="Estimated useful life (years)">1</span>-<span id="xdx_906_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20220101__20221231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--ComputerEquipmentsMember__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zbrhnSOKIrCg" title="Estimated useful life (years)">2</span></span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Vehicles</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90E_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20220101__20221231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--VehiclesMember_zusm3Rw9jvKa" title="Estimated useful life (years)">4</span></span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Furniture and fixture</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_905_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20220101__20221231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--FurnitureAndFixtureMember_zay34AOem9A4" title="Estimated useful life (years)">10</span></span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Buildings</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_901_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20220101__20221231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zEd8tTzyJvSc" title="Estimated useful life (years)">25</span></span></td></tr> </table> <p id="xdx_8A1_zdA55h1IrYQh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> | |
| CY2022 | PNRLF |
Disclosure Of Depreciation And Amortization Rates Explanatory
DisclosureOfDepreciationAndAmortizationRatesExplanatory
|
<p id="xdx_893_ecustom--DisclosureOfDepreciationAndAmortizationRatesExplanatory_zztzmNhgDhTd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.7pt 0pt 17.85pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BB_zNK53fHDz3Ge" style="display: none">SCHEDULE OF DEPRECIATION AND AMORTIZATION RATE</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 90%; border-collapse: collapse; margin-left: 0.25in"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; width: 68%; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Equipment</b></span></td> <td style="padding-bottom: 1.5pt; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; width: 30%; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Estimated useful life (years)</b></span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exploration equipment</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_904_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20220101__20221231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--ExplorationEquipmentMember_z9kzMjYoSSDh" title="Estimated useful life (years)">5</span></span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Computer software</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_907_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20220101__20221231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--ComputerSoftwareMember_zIDiuue4Y5Bb" title="Estimated useful life (years)">2</span></span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Computer equipment</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_902_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20220101__20221231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--ComputerEquipmentsMember__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zXmNPBstnaW2" title="Estimated useful life (years)">1</span>-<span id="xdx_906_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20220101__20221231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--ComputerEquipmentsMember__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zbrhnSOKIrCg" title="Estimated useful life (years)">2</span></span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Vehicles</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90E_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20220101__20221231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--VehiclesMember_zusm3Rw9jvKa" title="Estimated useful life (years)">4</span></span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Furniture and fixture</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_905_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20220101__20221231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__custom--FurnitureAndFixtureMember_zay34AOem9A4" title="Estimated useful life (years)">10</span></span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Buildings</span></td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_901_eifrs-full--UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_dtY_c20220101__20221231__ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis__ifrs-full--BuildingsMember_zEd8tTzyJvSc" title="Estimated useful life (years)">25</span></span></td></tr> </table> | |
| CY2022 | ifrs-full |
Description Of Accounting Policy For Issued Capital Explanatory
DescriptionOfAccountingPolicyForIssuedCapitalExplanatory
|
<p id="xdx_84A_eifrs-full--DescriptionOfAccountingPolicyForIssuedCapitalExplanatory_z9eBasXLqVEj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(k) <span id="xdx_863_zl3O39lEyX9">Share capital</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s common shares and share warrants are classified as equity instruments.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Incremental costs directly attributable to the issue of new shares, warrants or options are shown in equity as a deduction from the proceeds.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Proceeds received on the issuance of units, consisting of common shares and warrants are allocated to share capital.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
| CY2022 | ifrs-full |
Description Of Accounting Policy For Sharebased Payment Transactions Explanatory
DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory
|
<p id="xdx_840_eifrs-full--DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory_zGzvb3DC1H6a" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(l) <span id="xdx_869_zxFwzsUVBV76">Share-based payments</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Where equity-settled share options are awarded to employees, the fair value of the options at the date of grant is recognized over the vesting period. Performance vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each reporting date so that, ultimately, the cumulative amount recognized over the vesting period is based on the number of options that eventually vest. Non-vesting conditions and market vesting conditions are factored into the fair value of the options granted. As long as all other vesting conditions are satisfied, a charge is made irrespective of whether these non-vesting and market vesting conditions are satisfied. The cumulative expense is not adjusted for failure to achieve a market vesting condition or where a non-vesting condition is not satisfied.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.7pt 0pt 17.85pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Where the terms and conditions of options are modified, the increase in the fair value of the options, measured immediately before and after the modification, is also recognized over the remaining vesting period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.7pt 0pt 17.85pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Where equity instruments are granted to non-employees, they are recorded at the fair value of the goods or services received. Amounts related to the issuance of shares are recorded as a reduction of share capital.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.7pt 0pt 17.85pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">When the value of goods and services received in exchange for the share-based payment cannot be reliably estimated, the fair value is measured by use of a valuation model. The expected life used in the model is adjusted, based on management’s best estimate, for the effects of non-transferability, exercise restrictions, and behavioural considerations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">All equity-settled share-based payments are reflected in share-based payments reserve, until exercised. Upon exercise shares are issued from the treasury and the amount reflected in share-based payments reserve is credited to share capital along with any consideration paid.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.7pt 0pt 17.85pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
| CY2022 | PNRLF |
Description Of Accounting Policy Deferred Share Units Explanatory
DescriptionOfAccountingPolicyDeferredShareUnitsExplanatory
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<p id="xdx_847_ecustom--DescriptionOfAccountingPolicyDeferredShareUnitsExplanatory_z3h9EjXY65W1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(m) <span id="xdx_86F_zKp5oIMo1wMj">Deferred Share Units</span> (“DSUs)”</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In the year ended December 31, 2022, the Company approved the adoption of a DSU plan. In accordance with IFRS 2 Share Based Payments, this plan is a cash-settled share-based compensation program whereby the Company records the fair value of the liability at the date upon which it is incurred and adjusts the liability to the fair value at the end of each reporting period and at the date of settlement, with any changes in fair value recognized in profit or loss for the period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021<br/> <i>(Expressed in Canadian dollars)</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The DSU Plan enables the Company upon approval by the Directors to grant DSU’s to eligible non-management directors. Upon granting DSU’s, the Company records stock-based compensation based on the number of units granted multiplied by the volume weighted average price of the Company’s common shares for the last five trading days (“5-day-VWAP”) immediately preceding the date of the grant.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.7pt 0pt 17.85pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The DSUs credited to the account of a director may only be redeemed following the date upon which the holder ceases to be a director. Depending upon the country of residence of a director, the DSUs may be redeemed at any time prior to December 15 in the calendar year following the year in which the holder ceases to be a director, and may be redeemed in as many as four installments. Upon redemption, the holder is entitled to a cash payment equal to the number of units redeemed multiplied by the 5-day-VWAP of the Company’s common shares on that date. The Company may elect, in its sole discretion, to settle the value of the DSUs redeemed in the Company’s common shares on a one-for-one basis, provided shareholder approval has been obtained on or prior to the relevant redemption date.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.7pt 0pt 17.85pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
| CY2022 | ifrs-full |
Description Of Accounting Policy For Earnings Per Share Explanatory
DescriptionOfAccountingPolicyForEarningsPerShareExplanatory
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<p id="xdx_84D_eifrs-full--DescriptionOfAccountingPolicyForEarningsPerShareExplanatory_zZOC2Oiq3Q07" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(n) <span id="xdx_865_zMdCJLdhBidi">Loss per share</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.7pt 0pt 17.85pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company uses the treasury stock method to compute the dilutive effect of options, warrants and similar instruments. Under this method, the dilutive effect on loss per common share is recognized on the use of the proceeds that could be obtained upon exercise of options, warrants and similar instruments. It assumes that the proceeds would be used to purchase common shares at the average market price during the period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Basic loss per common share is calculated using the weighted average number of common shares outstanding during the period and does not include outstanding options and warrants. Dilutive loss per common share is not presented differently from basic loss per share as the conversion of outstanding stock options and warrants into common shares would be anti-dilutive.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.7pt 0pt 17.85pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
| CY2022 | ifrs-full |
Description Of Accounting Policy For Income Tax Explanatory
DescriptionOfAccountingPolicyForIncomeTaxExplanatory
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<p id="xdx_84A_eifrs-full--DescriptionOfAccountingPolicyForIncomeTaxExplanatory_zxT2P0QAFXg7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(o) <span id="xdx_867_z3xDyjOn9m1f">Income taxes</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Income tax expense comprises current income and deferred income tax. Current tax and deferred tax are recognized in net loss except to the extent that it arises in a business combination, or from items recognized directly in equity or other comprehensive loss</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Current income tax assets and liabilities for the current period are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting date, in the countries where the Company operates and generates taxable income.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Current income tax relating to items recognized directly in other comprehensive losses equity is recognized in other comprehensive loss or equity and not in profit or loss. Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred income tax is calculated using the asset and liability method of temporary differences at the reporting date between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The carrying amount of deferred income tax assets is reviewed at the end of each reporting period and recognized only to the extent that it is probable that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be utilized.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realized or the liability is settled, based on tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021<br/> <i>(Expressed in Canadian dollars)</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred income tax assets and deferred income tax liabilities are offset only if a legally enforceable right exists to set off current tax assets against current income tax liabilities and the deferred income taxes relate to the same taxable entity and the same taxation authority.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">A deferred tax asset is recognized for all deductible temporary differences to the extent that it is probable that taxable profit will be available against which the deductible temporary difference can be utilized. We have not recognized any deferred tax asset as at December 31, 2022 as there are currently no sources of taxable profit currently available to the Company. We will continue to reassess whether the tax attributes meet the criteria for recognition as a deferred tax asset.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
| CY2022 | PNRLF |
Description Of Accounting Policy New Accounting Standards Issued Not Yet Effective Explanatory
DescriptionOfAccountingPolicyNewAccountingStandardsIssuedNotYetEffectiveExplanatory
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<p id="xdx_844_ecustom--DescriptionOfAccountingPolicyNewAccountingStandardsIssuedNotYetEffectiveExplanatory_zhdfxjAvRZh3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(p) <span id="xdx_867_z6I9RhNKDpq4">Accounting standards and amendments issued but not yet effective</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain pronouncements were issued by the IASB or the IFRIC that are mandatory for accounting periods commencing on or after January 1, 2023. Many are not applicable or do not have a significant impact to the Company and have been excluded. The following have not yet been adopted and are being evaluated to determine their impact on the Company.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">IAS 1 – Presentation of Financial Statements (“IAS 1”) was amended in January 2020 to provide a more general approach to the classification of liabilities under IAS 1 based on the contractual arrangements in place at the reporting date. The amendments clarify that the classification of liabilities as current or non-current is based solely on a company’s right to defer settlement at the reporting date. The right needs to be unconditional and must have substance. The amendments also clarify that the transfer of a company’s own equity instruments is regarded as settlement of a liability, unless it results from the exercise of a conversion option meeting the definition of an equity instrument. The amendments are effective for annual periods beginning on January 1, 2024.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">IAS 1 – In February 2021, the IASB issued ‘Disclosure of Accounting Policies’ with amendments that are intended to help preparers in deciding which accounting policies to disclose in their financial statements. The amendments are effective for year ends beginning on or after January 1, 2023.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">IAS 8 – In February 2021, the IASB issued ‘Definition of Accounting Estimates’ to help entities distinguish between accounting policies and accounting estimates. The amendments are effective for year ends beginning on or after beginning on or after January 1, 2023.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
| CY2022 | ifrs-full |
Disclosure Of Changes In Accounting Policies Accounting Estimates And Errors Explanatory
DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory
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<p id="xdx_80C_eifrs-full--DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory_z8h7Lx0HFTsj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>3. <span id="xdx_824_zNvyowwrEo06">CRITICAL ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the consolidated financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that can affect reported amounts of assets, liabilities, revenue and expenses and the accompanying disclosures. Estimates and assumptions are continuously evaluated and are based on management’s historical experience and on other assumptions believed to be reasonable under the circumstances. However, different judgments, estimates and assumptions could result in outcomes that require a material adjustment to the carrying amount of assets or liabilities affected in future periods.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The area involving a higher degree of judgment or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements are:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Critical Accounting Judgement:</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(a) RTO – fair value</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fair value considerations for the RTO transactions are assessed in accordance with International Financial Reporting Standards (IFRS). These considerations are based on various factors such as the fair value of the assets acquired or liabilities assumed, the fair value of equity instruments issued, and any related acquisition costs.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021<br/> <i>(Expressed in Canadian dollars)</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The assumptions and estimates used in arriving at fair value figures are based on management’s judgments and relevant market data. The fair value of the equity instruments issued is determined based on market prices or valuation techniques that take into account factors such as expected share price volatility.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(b) Recoverability of exploration and evaluation Assets</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The ultimate recoverability of the exploration and evaluation assets with a carrying value of $<span id="xdx_90B_eifrs-full--TangibleExplorationAndEvaluationAssets_iI_pp0p0_c20221231_zXJ7woQvXLi2" title="Carrying value of exploration and evaluation assets">31,823,982</span> at December 31, 2022, is dependent upon the Company’s ability to obtain the necessary financing to complete the exploration and development and commence profitable production at its projects, or alternatively, upon the Company’s ability to dispose of its interests therein on an advantageous basis. A review of the indicators of potential impairment is carried out at least at each period end.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Management undertakes a periodic review of these assets to determine whether any indication of impairment exists. Where an indicator of impairment exists, a formal estimate of the recoverable amount of the assets is made. An impairment loss is recognized when the carrying value of the assets is higher than the recoverable amount and when mineral license tenements are relinquished or have lapsed. In undertaking this review, management of the Company is required to make significant estimates of, among other things, discount rates, commodity prices, availability of financing, future operating and capital costs and all aspects of project advancement. These estimates are subject to various risks and uncertainties, which may ultimately have an effect on the expected recoverability of the carrying values of the assets.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(c) Restoration provisions</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Management’s best estimates regarding the restoration provisions are based on the current economic environment. Changes in estimates of contamination, restoration standards and restoration activities result in changes to provisions from period to period. Actual restoration provisions will ultimately depend on future market prices for future restoration obligations. Management has determined that the Company has no restoration obligations at December 31, 2022.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(d) Going concern</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consolidated financial statements are prepared on a going concern basis unless management either intends to liquidate the Company or has no realistic alternative to do so. Assessment of the Company’s ability to continue as a going concern requires the consideration of all available information about the future, which is at least, but not limited to, twelve months from the end of the reporting period. This information includes estimates of future cash flows and other factors, the outcome of which is uncertain. When management is aware, in making its assessment, of material uncertainties related to events or conditions that may cast substantial doubt upon the Company’s ability to continue as a going concern those uncertainties are disclosed.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Critical Accounting Estimates</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(a) Valuation of share-based compensation</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company estimates the fair value of warrants and options using the Black-Scholes Option Pricing Model which requires significant estimation around assumptions and inputs such as expected term to maturity, expected volatility and expected forfeiture rates. Note 8 of the consolidated financial statements contains further details of significant assumptions applied to these areas of estimation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(b) Deferred income tax</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Tax benefits from uncertain tax positions may be recognized when it is probable that the Company will be able to use deductible temporary differences against taxable profit: (i) whether a tax position, based solely on its technical merits, is probable to be sustained upon examination, and (ii) measuring the tax benefit as the expected value or most likely amount taking into consideration which method better predicts the realized amounts upon ultimate settlement.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Furthermore, the Corporation uses the asset and liability method in accounting for deferred income taxes and mining duties. Under this method, deferred income taxes are recognized for future income tax.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021<br/> <i>(Expressed in Canadian dollars)</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <br/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In preparing these estimates, management is required to interpret substantially enacted legislation as well as economic and business conditions along with management’s tax and corporate structure plans which may impact taxable income in future periods.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(c) Estimated useful lives and depreciation of property, plant and equipment</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.7pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Depreciation of property, plant and equipment is dependent upon estimates of useful lives which are determined through the exercise of judgment. The assessment of any impairment of these assets is dependent upon estimates of recoverable amounts that take into account factors such as economic and market conditions and the useful lives of assets.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
| CY2022Q4 | ifrs-full |
Tangible Exploration And Evaluation Assets
TangibleExplorationAndEvaluationAssets
|
31823982 | cad |
| CY2022 | ifrs-full |
Disclosure Of Business Combinations Explanatory
DisclosureOfBusinessCombinationsExplanatory
|
<p id="xdx_80A_eifrs-full--DisclosureOfBusinessCombinationsExplanatory_zu0JM4QIsxv6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>4. <span id="xdx_820_z5B2u3zqPxI8">AMALGAMATION</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.7pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On April 26, 2022, PNRC and NAN entered into a definitive amalgamation agreement (the “<b>Amalgamation Agreement</b>”) in respect of their previously-announced RTO transaction, pursuant to which PNRC would “go-public” by way of a reverse takeover of NAN.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline">Transaction Particulars</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant to the Amalgamation Agreement:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"/><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">NAN’s subsidiary, 1000178269 Ontario Inc. (“<b>NAN Subco</b>”), amalgamated with PNRC under Section 174 of the OBCA to form one corporation;</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"/><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Holders of PNRC shares exchanged their shares at a rate of <span id="xdx_90E_ecustom--ShareExchangeRatioForRto_iI_pid_uPure_c20220426__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember__ifrs-full--TypesOfContractsAxis__custom--AmalgamationAgreementMember_zMhfgnbRWMFj" title="Exchange ratio for RTO">1.054</span> shares of NAN for each share of PNRC (the “<b>Exchange Ratio</b>”), after giving effect to a <span id="xdx_90F_eifrs-full--DescriptionOfNatureAndPurposeOfReservesWithinEquity_c20220425__20220426__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember__ifrs-full--TypesOfContractsAxis__custom--AmalgamationAgreementMember_zCVmjVOVCW77" title="Share consolidation description">5-to-1</span> share consolidation for each outstanding share of NAN; and</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"/><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">the transactions resulted in an RTO of the Company in accordance with the policies of the TSXV, all in the manner contemplated by, and pursuant to, the terms and conditions of the Amalgamation Agreement.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In connection with the RTO, NAN has, among other things: (i) changed its name to “Premium Nickel Resources Ltd.”; (ii) changed its stock exchange ticker symbol to “PNRL”; and (iii) reconstituted the board of directors and management of the Company. The outstanding options of PNRC immediately prior to the effective time of the RTO were exchanged and adjusted pursuant to the terms of the Amalgamation Agreement such that holders thereof were entitled to acquire, following the closing of the RTO, options of the Company after giving effect to the Exchange Ratio, as applicable.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant to the Amalgamation Agreement, the Company issued <span id="xdx_901_eifrs-full--NumberOfSharesIssued_iI_c20220803__ifrs-full--TypesOfContractsAxis__custom--AmalgamationAgreementMember__dei--LegalEntityAxis__custom--PremiumNickelResourcesCorporationMember_zyZfVgvnqdEc" title="Common share issued">82,157,536</span> common shares of the Company (on a post-consolidation basis) in exchange for <span id="xdx_902_ecustom--OutstandingNumberOfSharesSubscribedByRelatedParty_iI_c20220803__ifrs-full--TypesOfContractsAxis__custom--AmalgamationAgreementMember__dei--LegalEntityAxis__custom--PremiumNickelResourcesCorporationMember_zmKI4Riojn96" title="Outstanding shares">77,948,368 </span>outstanding shares of PNRC immediately prior to the effective time of the RTO. Immediately after giving effect to the RTO Transaction, the Company was owned approximately <span id="xdx_900_ecustom--ProportionOfOwnershipInterest_dp_c20220803__20220803__ifrs-full--TypesOfContractsAxis__custom--AmalgamationAgreementMember__dei--LegalEntityAxis__custom--PremiumNickelResourcesCorporationMember_znaKVaZgGvKj" title="Proportion of ownership interest">72.1</span>% by persons who were shareholders of PNRC prior to the RTO and <span id="xdx_906_ecustom--ProportionOfOwnershipInterest_dp_c20220803__20220803__ifrs-full--TypesOfContractsAxis__custom--AmalgamationAgreementMember__dei--LegalEntityAxis__custom--NorthAmericanNickelIncMember_zNzAvsDwTySa" title="Proportion of ownership interest">27.9</span>% by persons who were shareholders of NAN prior to the RTO.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prior to this exchange, NAN had <span id="xdx_907_ecustom--OutstandingNumberOfSharesSubscribedByRelatedParty_iI_c20220803_z1WeUS3T8hXd" title="Outstanding shares">31,748,399</span> shares outstanding (on a post-consolidation basis). Taking into account the composition of the board and senior management and the relative ownership percentages of NAN and PNRC shareholders in the newly combined enterprise, from an accounting perspective PNRC is considered to have acquired NAN, and hence the transaction has been recorded as a reverse takeover.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The substance of the transaction is a reverse acquisition of a public company. The transaction does not constitute a business acquisition as NAN does not meet the definition of a business under IFRS 3 as it has no inputs or processes. As a result, the transaction is accounted for as a capital transaction with NAN being identified as the accounting acquiree and the equity consideration being measured at fair value (“<b>FV</b>”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The purchase price has been determined based on the number of shares that PNRC would have had to issue on the date of closing to give the owners of NAN the same percentage equity (<span id="xdx_90C_ecustom--ProportionOfOwnershipInterest_pid_dp_c20220803__20220803__ifrs-full--TypesOfContractsAxis__custom--AmalgamationAgreementMember__dei--LegalEntityAxis__custom--NorthAmericanNickelIncMember_znuBmfu2WTKb" title="Proportion of ownership interest">27.9</span>%) of the combined entity as they hold subsequent to the reverse takeover.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021<br/> <i>(Expressed in Canadian dollars)</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_89E_eifrs-full--DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory_zVvzH3XTxDV6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The costs of the acquisition have been allocated as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BB_zQ2PKtjf3nVk" style="display: none">SUMMARY OF COST OF ACQUISITION</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_493_20220426__dei--LegalEntityAxis__custom--NorthAmericanNickelIncMember_zQkQfM4C1Zt" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--FairValueOfShareTransferred_iI_zTz9MzVQV5C4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%">FV of shares transferred</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">77,431,152</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_ecustom--FairValueOfOptionsWarrantsAndAgentWarrants_iI_zEyFVowqMIM5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">FV of options, warrants and agent warrants</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,665,577</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--FairValueOfPreferredShares_iI_zNnqIqs1ooTk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>FV of preferred shares</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">31,516</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--SettlementOfPreexistingRelationship_iI_znookwAsGES2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Settlement of pre-existing relationship – <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90F_ecustom--WarrantsPercent_iI_pid_dp_c20220426_zjQPTi6ANRMa" title="Warrant percent">15</span>% warrant and shares*</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(47,985,863</td><td style="text-align: left">)</td></tr> <tr id="xdx_407_eifrs-full--AcquisitiondateFairValueOfTotalConsiderationTransferred_iI_zCuEmUhStpwd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total FV of consideration transferred</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">39,142,383</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--CashTransferred_iI_z8lQfHvQ4AHe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Cash</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">11,051,917</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eifrs-full--FairValueOfAcquiredReceivables_iI_zOMX34iWIAQ3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Trade and other receivables</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">450,522</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eifrs-full--PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate_iI_zxk46BTLVzQ3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Property, plant and equipment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,111</td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eifrs-full--TradeAndOtherPayablesRecognisedAsOfAcquisitionDate_iNI_di_zebRSVuPF9R5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Trade payables and accrued liabilities</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,548,582</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_402_eifrs-full--IdentifiableAssetsAcquiredLiabilitiesAssumed_iI_zymcfG9eUri" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Net assets acquired</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,967,968</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--LossOnAcquisition_zfRCMEiRtSM2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Loss on acquisition</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">29,174,415</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_401_eifrs-full--AcquisitiondateFairValueOfTotalConsiderationTransferred_iI_zDB4S0uC0zVi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif">Total purchase price</span></td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">39,142,383</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span style="text-decoration: underline">*Pre-existing relationship</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0 0pt 21.3pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Before the closing of the RTO, NAN owned <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_905_eifrs-full--NumberOfSharesOutstanding_iI_c20220803__dei--LegalEntityAxis__custom--NorthAmericanNickelIncMember__ifrs-full--ComponentsOfEquityAxis__ifrs-full--OrdinarySharesMember_zvbsiYoM4g82" title="Number of common shares">7,667,707</span> common shares of PNRC and a <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_909_ecustom--WarrantsPercent_iI_pid_dp_c20220803_zThqyLY6UhLl" title="Warrant percent">15</span>% warrant which entitled NAN to purchase common shares of PNRC, for up to <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_901_ecustom--OutstandingCapitalPercent_iI_pid_dp_c20220803__dei--LegalEntityAxis__custom--NorthAmericanNickelIncMember__ifrs-full--ComponentsOfEquityAxis__ifrs-full--OrdinarySharesMember_zflfShY8K9E9" title="Outstanding capital percent">15</span>% of the then outstanding capital of PNRC, upon payment of US $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90C_ecustom--CapitalToBeIssued_iI_c20220803__dei--LegalEntityAxis__custom--NorthAmericanNickelIncMember__ifrs-full--ComponentsOfEquityAxis__ifrs-full--OrdinarySharesMember_zRqlFVPhOUml" title="Capital to be issued">10,000,000</span> prior to the fifth anniversary of the date of issue. Prior to the date that the Amalgamation became effective, the PNRC shares and the <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_903_ecustom--WarrantsPercent_iI_pid_dp_c20220803_zkJn0wpLoGlc" title="Warrant percent">15</span>% warrant held by NAN were contributed to NAN Subco, as part of the securities contribution, resulting in such securities being cancelled by operation of the triangular amalgamation.</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Prior to the RTO, the fair value of the <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90F_ecustom--WarrantsPercent_iI_pid_dp_c20220803_zcKf5C1G2ubh" title="Warrant percent">15</span>% warrant and the shares held by NAN were $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_903_ecustom--FairValueOfWarrants_iI_c20220803__dei--LegalEntityAxis__custom--NorthAmericanNickelIncMember_zyiq7vGUhyA7" title="Fair value of warrants">28,275,255</span> and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_900_ecustom--FairValueOfShares_iI_c20220803__dei--LegalEntityAxis__custom--NorthAmericanNickelIncMember_zbAJSsqLIn4h" title="Fair value of shares">19,710,608</span>, respectively. The fair value of the shares was calculated based on the last offer price of PNRC financing prior to the RTO, and the fair value of the warrants was calculated using the Black-Sholes Model with the following assumptions: expected life of <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_907_ecustom--ExpectedLifeOfShares_dtY_c20220803__20220803_zVK27NezILsi" title="Expected life of shares">2.57</span> years, expected dividend yield of <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_907_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_c20220803__20220803_zZQnrHDnO7kf" title="Expected dividend yield">0</span>%, a risk free rate of <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90D_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_c20220803__20220803_zkFG9Saby2Di" title="Risk free interest rate">3.14</span>% and an expected volatility of <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_906_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20220803__20220803_zfZeeqVci7Yj" title="Expected volatility rate">141.63</span>%. As they were the securities contributed by NAN on the closing of the RTO, the fair value of the warrants and shares were included as part of the consideration on the acquisition date.</i></span></p> <p id="xdx_8A3_zCiQ5IIgSlMl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant to the RTO, an aggregate of <span id="xdx_908_eifrs-full--NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_uShares_c20220803__20220803__ifrs-full--TypesOfContractsAxis__custom--ReverseTakeoverTransactionMember_z7ZJzPoEqYxc" title="Options to purchase">8,827,250</span> options to purchase common shares of the Company (“<b>Replacement Options</b>”) were issued (on a post 5:1 consolidation basis) to the former holders of options to purchase common shares of PNRC (prior to the RTO) (“<b>PNRC Options</b>”) in exchange for <span id="xdx_909_eifrs-full--NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_uShares_c20220803__20220803__dei--LegalEntityAxis__custom--PremiumNickelResourcesCorporationMember_zQO66sWyRk2a" title="Options to purchase shares">8,375,000</span> PNRC Options. The Replacement Options issued to the former holders of PNRC Options were on the same terms and conditions as those exchanged by PNRC holders except all the previously unvested options vested immediately. Immediately prior to the completion of the RTO, PNRC had <span id="xdx_903_ecustom--NumberOfUnvestedOptionsOutstanding_iI_uShares_c20220803__dei--LegalEntityAxis__custom--PremiumNickelResourcesCorporationMember_zABh3qQliKC4" title="Unvested options">2,383,333</span> unvested options outstanding which re-evaluated at a FV of $ <span id="xdx_902_eifrs-full--WeightedAverageFairValueAtMeasurementDateShareOptionsGranted_iI_c20220803__dei--LegalEntityAxis__custom--PremiumNickelResourcesCorporationMember_z2nLpMRxFGi9" title="Fair value of stock option">5,138,022</span> upon the completion of the RTO according to IFRS2. See Note 11 (d) for details.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Given that the RTO has been accounted for as a reverse takeover of NAN by PNRC, from an accounting perspective, PNRC is deemed to have issued options and warrants to the former security holders of NAN. Immediately prior to the closing of the RTO, NAN had <span id="xdx_90D_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20220803__dei--LegalEntityAxis__custom--NorthAmericanNickelIncMember_zDumAe143xg6" title="Option outstanding">2,995,794</span> options and <span id="xdx_90B_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20220803__dei--LegalEntityAxis__custom--NorthAmericanNickelIncMember_zCtiYM8V1O6i" title="Warrants outstanding">2,228,340</span> warrants outstanding, respectively, as well as <span id="xdx_908_ecustom--ConversionOfStockSharesIssued_iI_uShares_c20220803__ifrs-full--ComponentsOfEquityAxis__ifrs-full--PreferenceSharesMember_zyOq44zjiG19" title="Conversion of stock, shares issued">118,186</span> preferred shares that could be converted to <span id="xdx_901_ecustom--ConversionOfStockSharesIssued_iI_uShares_c20220803__ifrs-full--ComponentsOfEquityAxis__ifrs-full--OrdinarySharesMember_zPBiV0rMtvnf" title="Conversion of stock, shares issued">13,131</span> common shares of NAN (on a post-consolidation basis). The aggregate fair value of such <span id="xdx_90E_eifrs-full--NumberOfOutstandingShareOptions_iI_uShares_c20220803__dei--LegalEntityAxis__custom--NorthAmericanNickelIncMember_zdQ9pChRJbgf" title="Option outstanding">2,995,794</span> options, <span id="xdx_900_eifrs-full--NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_iI_uShares_c20220803__dei--LegalEntityAxis__custom--NorthAmericanNickelIncMember_ziJ6TpUA6THg" title="Warrants outstanding">2,228,340</span> warrants and <span id="xdx_90B_ecustom--ConversionOfStockSharesIssued_iI_uShares_c20220803__ifrs-full--ComponentsOfEquityAxis__ifrs-full--PreferenceSharesMember_znGYyySFyNEa" title="Conversion of stock, shares issued">118,186</span> preferred shares of NAN was $<span id="xdx_90A_ecustom--FairValueOfShares_iI_c20220803_zviMbNpksDB4" title="Fair value of shares">9,665,577</span>, and this amount has been included as a component of the purchase price. Costs related to the transaction were $<span id="xdx_90B_ecustom--TransactionCosts_iI_c20221231_zAMX2CeE7Rsg" title="Transaction costs">2,327,125</span> and were expensed as incurred.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021<br/> <i>(Expressed in Canadian dollars)</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_896_eifrs-full--DisclosureOfSharebasedPaymentArrangementsExplanatory_zStuXU8llKm8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The fair value of NAN’s options and warrants as at August 3, 2022 was calculated using the following assumptions:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B6_zcEFJniNmpEd" style="display: none">SCHEDULE OF FAIR VALUE ASSUMPTIONS OF OPTIONS AND WARRANTS</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 85%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; font-weight: bold">As of August 3, 2022</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Warrants</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Options</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Expected dividend yield</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_c20220803__20220803__ifrs-full--ComponentsOfEquityAxis__custom--WarrantsMember_zCzYWuZKqz32" style="width: 16%; text-align: right" title="Expected dividend yield">0</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_c20220803__20220803__ifrs-full--ComponentsOfEquityAxis__custom--OptionsMember_zAO0vkCd6WHj" style="width: 16%; text-align: right" title="Expected dividend yield">0</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Share price of last financing</td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eifrs-full--WeightedAverageSharePriceShareOptionsGranted2019_pid_c20220803__20220803__ifrs-full--ComponentsOfEquityAxis__custom--WarrantsMember_zNjsm25wyzb1" style="text-align: right" title="Share price of last financing">0.48</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98B_eifrs-full--WeightedAverageSharePriceShareOptionsGranted2019_pid_c20220803__20220803__ifrs-full--ComponentsOfEquityAxis__custom--OptionsMember_z32QXeRSOdBk" style="text-align: right" title="Share price of last financing">0.48</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Expected share price volatility</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_905_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20220803__20220803__ifrs-full--ComponentsOfEquityAxis__custom--WarrantsMember__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zaqOs5KKnD7b" title="Expected share price volatility">64.91</span>% -<span id="xdx_90B_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20220803__20220803__ifrs-full--ComponentsOfEquityAxis__custom--WarrantsMember__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zHpKtST4ITUb" title="Expected share price volatility">113.22</span></span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_909_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20220803__20220803__ifrs-full--ComponentsOfEquityAxis__custom--OptionsMember__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zVCkbH4ACt6d" title="Expected share price volatility">133.15</span>% - <span id="xdx_902_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20220803__20220803__ifrs-full--ComponentsOfEquityAxis__custom--OptionsMember__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_z792lduqkkMc" title="Expected share price volatility">143.3</span></span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Risk free interest rate</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_c20220803__20220803__ifrs-full--ComponentsOfEquityAxis__custom--WarrantsMember_z9tPpXBtF0pg" style="text-align: right" title="Risk free interest rate">3.18</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_900_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_c20220803__20220803__ifrs-full--ComponentsOfEquityAxis__custom--OptionsMember__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zruOBIKsGml1" title="Risk free interest rate">2.85</span>% - <span id="xdx_908_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_c20220803__20220803__ifrs-full--ComponentsOfEquityAxis__custom--OptionsMember__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zrxZ77PZURh" title="Risk free interest rate">3.08</span></span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Remaining life of warrants & options</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90D_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20220803__20220803__ifrs-full--ComponentsOfEquityAxis__custom--WarrantsMember__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zZORMj5RytBj" title="Remaining life of warrants and options">0.03</span> - <span id="xdx_902_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20220803__20220803__ifrs-full--ComponentsOfEquityAxis__custom--WarrantsMember__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zf0aWZMPXpC8" title="Remaining life of warrants and options">2</span> years</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_902_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20220803__20220803__ifrs-full--ComponentsOfEquityAxis__custom--OptionsMember__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zmfFACYOZUH7" title="Remaining life of warrants and options">2.56</span> – <span id="xdx_906_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20220803__20220803__ifrs-full--ComponentsOfEquityAxis__custom--OptionsMember__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_z00jOLUlYks6" title="Remaining life of warrants and options">4.23</span> years</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8AC_zzmHJYOVODk1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For purposes of determining the fair value of the share consideration exchanged on the RTO, the shares of PNRC were valued at US$<span id="xdx_90E_eifrs-full--ParValuePerShare_iI_c20220803__dei--LegalEntityAxis__custom--PremiumNickelResourcesCorporationMember_zLtvSCBBojV1" title="Share price">2.00</span> per share, the offering price for the PNRC shares on the last PNRC equity financing prior to the RTO.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The RTO resulted in a loss of $<span id="xdx_904_eifrs-full--FinancialAssetsAtFairValue_iI_c20220803__ifrs-full--TypesOfContractsAxis__custom--ReverseTakeoverTransactionMember_zut6f9cVVon7" title="Fair value of assets">29,174,415</span> with respect to the fair value of the consideration transferred over the fair value of identifiable net assets, which has been recorded as a loss during the year in other income.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
| CY2022Q3 | PNRLF |
Outstanding Number Of Shares Subscribed By Related Party
OutstandingNumberOfSharesSubscribedByRelatedParty
|
31748399 | shares |
| CY2022 | ifrs-full |
Disclosure Of Detailed Information About Business Combinations Explanatory
DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory
|
<p id="xdx_89E_eifrs-full--DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory_zVvzH3XTxDV6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The costs of the acquisition have been allocated as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BB_zQ2PKtjf3nVk" style="display: none">SUMMARY OF COST OF ACQUISITION</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_493_20220426__dei--LegalEntityAxis__custom--NorthAmericanNickelIncMember_zQkQfM4C1Zt" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--FairValueOfShareTransferred_iI_zTz9MzVQV5C4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%">FV of shares transferred</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">77,431,152</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_ecustom--FairValueOfOptionsWarrantsAndAgentWarrants_iI_zEyFVowqMIM5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">FV of options, warrants and agent warrants</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,665,577</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--FairValueOfPreferredShares_iI_zNnqIqs1ooTk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>FV of preferred shares</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">31,516</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--SettlementOfPreexistingRelationship_iI_znookwAsGES2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Settlement of pre-existing relationship – <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90F_ecustom--WarrantsPercent_iI_pid_dp_c20220426_zjQPTi6ANRMa" title="Warrant percent">15</span>% warrant and shares*</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(47,985,863</td><td style="text-align: left">)</td></tr> <tr id="xdx_407_eifrs-full--AcquisitiondateFairValueOfTotalConsiderationTransferred_iI_zCuEmUhStpwd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total FV of consideration transferred</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">39,142,383</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--CashTransferred_iI_z8lQfHvQ4AHe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Cash</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">11,051,917</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eifrs-full--FairValueOfAcquiredReceivables_iI_zOMX34iWIAQ3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Trade and other receivables</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">450,522</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eifrs-full--PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate_iI_zxk46BTLVzQ3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Property, plant and equipment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,111</td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eifrs-full--TradeAndOtherPayablesRecognisedAsOfAcquisitionDate_iNI_di_zebRSVuPF9R5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Trade payables and accrued liabilities</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,548,582</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_402_eifrs-full--IdentifiableAssetsAcquiredLiabilitiesAssumed_iI_zymcfG9eUri" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Net assets acquired</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,967,968</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--LossOnAcquisition_zfRCMEiRtSM2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Loss on acquisition</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">29,174,415</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_401_eifrs-full--AcquisitiondateFairValueOfTotalConsiderationTransferred_iI_zDB4S0uC0zVi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif">Total purchase price</span></td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">39,142,383</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span style="text-decoration: underline">*Pre-existing relationship</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0 0pt 21.3pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Before the closing of the RTO, NAN owned <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_905_eifrs-full--NumberOfSharesOutstanding_iI_c20220803__dei--LegalEntityAxis__custom--NorthAmericanNickelIncMember__ifrs-full--ComponentsOfEquityAxis__ifrs-full--OrdinarySharesMember_zvbsiYoM4g82" title="Number of common shares">7,667,707</span> common shares of PNRC and a <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_909_ecustom--WarrantsPercent_iI_pid_dp_c20220803_zThqyLY6UhLl" title="Warrant percent">15</span>% warrant which entitled NAN to purchase common shares of PNRC, for up to <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_901_ecustom--OutstandingCapitalPercent_iI_pid_dp_c20220803__dei--LegalEntityAxis__custom--NorthAmericanNickelIncMember__ifrs-full--ComponentsOfEquityAxis__ifrs-full--OrdinarySharesMember_zflfShY8K9E9" title="Outstanding capital percent">15</span>% of the then outstanding capital of PNRC, upon payment of US $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90C_ecustom--CapitalToBeIssued_iI_c20220803__dei--LegalEntityAxis__custom--NorthAmericanNickelIncMember__ifrs-full--ComponentsOfEquityAxis__ifrs-full--OrdinarySharesMember_zRqlFVPhOUml" title="Capital to be issued">10,000,000</span> prior to the fifth anniversary of the date of issue. Prior to the date that the Amalgamation became effective, the PNRC shares and the <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_903_ecustom--WarrantsPercent_iI_pid_dp_c20220803_zkJn0wpLoGlc" title="Warrant percent">15</span>% warrant held by NAN were contributed to NAN Subco, as part of the securities contribution, resulting in such securities being cancelled by operation of the triangular amalgamation.</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Prior to the RTO, the fair value of the <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90F_ecustom--WarrantsPercent_iI_pid_dp_c20220803_zcKf5C1G2ubh" title="Warrant percent">15</span>% warrant and the shares held by NAN were $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_903_ecustom--FairValueOfWarrants_iI_c20220803__dei--LegalEntityAxis__custom--NorthAmericanNickelIncMember_zyiq7vGUhyA7" title="Fair value of warrants">28,275,255</span> and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_900_ecustom--FairValueOfShares_iI_c20220803__dei--LegalEntityAxis__custom--NorthAmericanNickelIncMember_zbAJSsqLIn4h" title="Fair value of shares">19,710,608</span>, respectively. The fair value of the shares was calculated based on the last offer price of PNRC financing prior to the RTO, and the fair value of the warrants was calculated using the Black-Sholes Model with the following assumptions: expected life of <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_907_ecustom--ExpectedLifeOfShares_dtY_c20220803__20220803_zVK27NezILsi" title="Expected life of shares">2.57</span> years, expected dividend yield of <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_907_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_c20220803__20220803_zZQnrHDnO7kf" title="Expected dividend yield">0</span>%, a risk free rate of <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90D_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_c20220803__20220803_zkFG9Saby2Di" title="Risk free interest rate">3.14</span>% and an expected volatility of <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_906_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20220803__20220803_zfZeeqVci7Yj" title="Expected volatility rate">141.63</span>%. As they were the securities contributed by NAN on the closing of the RTO, the fair value of the warrants and shares were included as part of the consideration on the acquisition date.</i></span></p> | |
| CY2022Q2 | PNRLF |
Warrants Percent
WarrantsPercent
|
0.15 | pure |
| CY2022Q3 | PNRLF |
Warrants Percent
WarrantsPercent
|
0.15 | pure |
| CY2022Q3 | PNRLF |
Warrants Percent
WarrantsPercent
|
0.15 | pure |
| CY2022Q3 | PNRLF |
Warrants Percent
WarrantsPercent
|
0.15 | pure |
| CY2022Q3 | PNRLF |
Expected Life Of Shares
ExpectedLifeOfShares
|
P2Y6M25D | |
| CY2022Q3 | ifrs-full |
Expected Dividend As Percentage Share Options Granted
ExpectedDividendAsPercentageShareOptionsGranted
|
0 | pure |
| CY2022Q3 | ifrs-full |
Description Of Risk Free Interest Rate Share Options Granted
DescriptionOfRiskFreeInterestRateShareOptionsGranted
|
0.0314 | pure |
| CY2022Q3 | ifrs-full |
Description Of Expected Volatility Share Options Granted
DescriptionOfExpectedVolatilityShareOptionsGranted
|
1.4163 | pure |
| CY2022Q3 | PNRLF |
Fair Value Of Shares
FairValueOfShares
|
9665577 | cad |
| CY2022Q4 | PNRLF |
Transaction Costs
TransactionCosts
|
2327125 | cad |
| CY2022 | ifrs-full |
Disclosure Of Sharebased Payment Arrangements Explanatory
DisclosureOfSharebasedPaymentArrangementsExplanatory
|
<p id="xdx_896_eifrs-full--DisclosureOfSharebasedPaymentArrangementsExplanatory_zStuXU8llKm8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The fair value of NAN’s options and warrants as at August 3, 2022 was calculated using the following assumptions:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B6_zcEFJniNmpEd" style="display: none">SCHEDULE OF FAIR VALUE ASSUMPTIONS OF OPTIONS AND WARRANTS</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 85%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; font-weight: bold">As of August 3, 2022</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Warrants</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Options</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Expected dividend yield</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_c20220803__20220803__ifrs-full--ComponentsOfEquityAxis__custom--WarrantsMember_zCzYWuZKqz32" style="width: 16%; text-align: right" title="Expected dividend yield">0</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_c20220803__20220803__ifrs-full--ComponentsOfEquityAxis__custom--OptionsMember_zAO0vkCd6WHj" style="width: 16%; text-align: right" title="Expected dividend yield">0</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Share price of last financing</td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eifrs-full--WeightedAverageSharePriceShareOptionsGranted2019_pid_c20220803__20220803__ifrs-full--ComponentsOfEquityAxis__custom--WarrantsMember_zNjsm25wyzb1" style="text-align: right" title="Share price of last financing">0.48</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98B_eifrs-full--WeightedAverageSharePriceShareOptionsGranted2019_pid_c20220803__20220803__ifrs-full--ComponentsOfEquityAxis__custom--OptionsMember_z32QXeRSOdBk" style="text-align: right" title="Share price of last financing">0.48</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Expected share price volatility</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_905_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20220803__20220803__ifrs-full--ComponentsOfEquityAxis__custom--WarrantsMember__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zaqOs5KKnD7b" title="Expected share price volatility">64.91</span>% -<span id="xdx_90B_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20220803__20220803__ifrs-full--ComponentsOfEquityAxis__custom--WarrantsMember__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zHpKtST4ITUb" title="Expected share price volatility">113.22</span></span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_909_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20220803__20220803__ifrs-full--ComponentsOfEquityAxis__custom--OptionsMember__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zVCkbH4ACt6d" title="Expected share price volatility">133.15</span>% - <span id="xdx_902_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20220803__20220803__ifrs-full--ComponentsOfEquityAxis__custom--OptionsMember__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_z792lduqkkMc" title="Expected share price volatility">143.3</span></span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Risk free interest rate</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_c20220803__20220803__ifrs-full--ComponentsOfEquityAxis__custom--WarrantsMember_z9tPpXBtF0pg" style="text-align: right" title="Risk free interest rate">3.18</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_900_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_c20220803__20220803__ifrs-full--ComponentsOfEquityAxis__custom--OptionsMember__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zruOBIKsGml1" title="Risk free interest rate">2.85</span>% - <span id="xdx_908_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_c20220803__20220803__ifrs-full--ComponentsOfEquityAxis__custom--OptionsMember__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zrxZ77PZURh" title="Risk free interest rate">3.08</span></span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Remaining life of warrants & options</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90D_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20220803__20220803__ifrs-full--ComponentsOfEquityAxis__custom--WarrantsMember__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zZORMj5RytBj" title="Remaining life of warrants and options">0.03</span> - <span id="xdx_902_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20220803__20220803__ifrs-full--ComponentsOfEquityAxis__custom--WarrantsMember__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zf0aWZMPXpC8" title="Remaining life of warrants and options">2</span> years</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_902_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20220803__20220803__ifrs-full--ComponentsOfEquityAxis__custom--OptionsMember__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zmfFACYOZUH7" title="Remaining life of warrants and options">2.56</span> – <span id="xdx_906_eifrs-full--WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_dtY_c20220803__20220803__ifrs-full--ComponentsOfEquityAxis__custom--OptionsMember__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_z00jOLUlYks6" title="Remaining life of warrants and options">4.23</span> years</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> | |
| CY2022 | ifrs-full |
Disclosure Of Trade And Other Receivables Explanatory
DisclosureOfTradeAndOtherReceivablesExplanatory
|
<p id="xdx_80F_eifrs-full--DisclosureOfTradeAndOtherReceivablesExplanatory_zaR8KML29Wz1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>5. <span><span id="xdx_824_zoSnqBX4M4V2">OTHER RECEIVABLES</span></span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p id="xdx_89A_ecustom--DisclosureOfDetailedInformationReceivablesAndOtherCurrentAssetsExplanatory_zU5xJTq8GYm4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">A summary of the other receivables as at December 31, 2022 and December 31, 2021 is detailed in the table below:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.7pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B5_zshVvRhNm1Q5" style="display: none">SCHEDULE OF RECEIVABLES AND OTHER CURRENT ASSETS</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_49C_20221231_zzuifvljO9Wg" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><p style="margin-top: 0; margin-bottom: 0">December 31,</p> <p style="margin-top: 0; margin-bottom: 0">2022</p></td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_499_20211231_zleb12Xnv69k" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><p style="margin-top: 0; margin-bottom: 0">December 31,</p> <p style="margin-top: 0; margin-bottom: 0">2021</p></td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr id="xdx_401_ecustom--HstPaidOnPurchases_iI_pp0p0_maTAOCRzYSI_zUOIRy3ZWrqi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">HST paid on purchases</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">445,128</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">84,563</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_eifrs-full--ValueAddedTaxReceivables_iI_pp0p0_maTAOCRzYSI_zKD5DGn6mBCj" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">VAT paid on purchases</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">359,502</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">55,067</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--TradeAndOtherCurrentReceivables_iTI_pp0p0_mtTAOCRzYSI_zj6P4Xuxyysc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif">Total receivables and other current assets</span></td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">804,630</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">139,630</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8AF_zwE7jqb0NLx5" style="margin-top: 0; margin-bottom: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021<br/> <i>(Expressed in Canadian dollars)</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
| CY2022 | PNRLF |
Disclosure Of Detailed Information Receivables And Other Current Assets Explanatory
DisclosureOfDetailedInformationReceivablesAndOtherCurrentAssetsExplanatory
|
<p id="xdx_89A_ecustom--DisclosureOfDetailedInformationReceivablesAndOtherCurrentAssetsExplanatory_zU5xJTq8GYm4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">A summary of the other receivables as at December 31, 2022 and December 31, 2021 is detailed in the table below:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.7pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B5_zshVvRhNm1Q5" style="display: none">SCHEDULE OF RECEIVABLES AND OTHER CURRENT ASSETS</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_49C_20221231_zzuifvljO9Wg" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><p style="margin-top: 0; margin-bottom: 0">December 31,</p> <p style="margin-top: 0; margin-bottom: 0">2022</p></td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_499_20211231_zleb12Xnv69k" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><p style="margin-top: 0; margin-bottom: 0">December 31,</p> <p style="margin-top: 0; margin-bottom: 0">2021</p></td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr id="xdx_401_ecustom--HstPaidOnPurchases_iI_pp0p0_maTAOCRzYSI_zUOIRy3ZWrqi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">HST paid on purchases</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">445,128</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">84,563</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_eifrs-full--ValueAddedTaxReceivables_iI_pp0p0_maTAOCRzYSI_zKD5DGn6mBCj" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">VAT paid on purchases</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">359,502</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">55,067</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--TradeAndOtherCurrentReceivables_iTI_pp0p0_mtTAOCRzYSI_zj6P4Xuxyysc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif">Total receivables and other current assets</span></td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">804,630</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">139,630</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> | |
| CY2022Q4 | PNRLF |
Hst Paid On Purchases
HstPaidOnPurchases
|
445128 | cad |
| CY2021Q4 | PNRLF |
Hst Paid On Purchases
HstPaidOnPurchases
|
84563 | cad |
| CY2022Q4 | ifrs-full |
Value Added Tax Receivables
ValueAddedTaxReceivables
|
359502 | cad |
| CY2021Q4 | ifrs-full |
Value Added Tax Receivables
ValueAddedTaxReceivables
|
55067 | cad |
| CY2022Q4 | ifrs-full |
Trade And Other Current Receivables
TradeAndOtherCurrentReceivables
|
804630 | cad |
| CY2021Q4 | ifrs-full |
Trade And Other Current Receivables
TradeAndOtherCurrentReceivables
|
139630 | cad |
| CY2022 | ifrs-full |
Disclosure Of Exploration And Evaluation Assets Explanatory
DisclosureOfExplorationAndEvaluationAssetsExplanatory
|
<p id="xdx_807_eifrs-full--DisclosureOfExplorationAndEvaluationAssetsExplanatory_zkOOuX3WmXRf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>6. <span id="xdx_82D_zI0iJT5EWgt6">EXPLORATION AND EVALUATION ASSETS</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span> </span></b></span></p> <p id="xdx_894_ecustom--DisclosureOfDetailedInformationExplorationAndEvaluationAssetsExplanatory_zCSIwreYJmbh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_8BC_zjd0hDMek58b" style="display: none">SUMMARY OF EXPLORATION AND EVALUATION ASSETS</span></b></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_4BB_custom--TypeOfPropertyAxis_custom--SelebiMember_ifrs-full--GeographicalAreasAxis_country--BW_zOUpAa0YjRAc" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Selebi</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_4B9_custom--TypeOfPropertyAxis_custom--SelkirkMember_ifrs-full--GeographicalAreasAxis_country--BW_zYuQMGl2pfXi" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Selkirk</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_4B5_zaVJ8IaKufg" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Total</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Botswana</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2"> </td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Selebi</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Selkirk</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Total</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Acquisitions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_43A_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromAcquisitionMember_eifrs-full--IntangibleExplorationAndEvaluationAssets_iS_zMybACpvA9I1" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt">Balance, December 31, 2021</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0718">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl0719">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0720">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_430_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromAcquisitionMember_ecustom--IncreaseThroughAcquisitionCostsExplorationAndEvaluationAssets_zXBewrn0Tpsf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; width: 46%; text-align: left; padding-bottom: 1.5pt">Acquisition costs</td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; width: 14%; text-align: right">8,251,518</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; width: 14%; text-align: right">327,109</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; width: 14%; text-align: right">8,578,627</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_434_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromAcquisitionMember_eifrs-full--IntangibleExplorationAndEvaluationAssets_iE_zPQP2BheE5Kh" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; padding-bottom: 1.5pt">Balance, December 31, 2022</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">8,251,518</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">327,109</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">8,578,627</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Exploration</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_43B_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromExplorationMember_eifrs-full--IntangibleExplorationAndEvaluationAssets_iS_zJwhtV8f0y0j" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt">Balance, December 31, 2021</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,099,926</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0731">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,099,926</td><td style="text-align: left"> </td></tr> <tr id="xdx_430_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromExplorationMember_eifrs-full--IntangibleExplorationAndEvaluationAssets_iS_zfAjeLo4YiHl" style="display: none; vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt">Beginning balance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,099,926</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0735">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,099,926</td><td style="text-align: left"> </td></tr> <tr id="xdx_438_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromExplorationMember_ecustom--IncreaseThroughSiteAdministrationExplorationAndEvaluationAssets_zl8i0VKiQVY4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Site operations & administration</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,601,381</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">46,100</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,647,481</td><td style="text-align: left"> </td></tr> <tr id="xdx_436_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromExplorationMember_ecustom--IncreaseThroughCareAndMaintenanceExpensesExplorationAndEvaluationAssets_z3Sd9Ins8Au2" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Care & Maintenance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,177,677</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0743">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,177,677</td><td style="text-align: left"> </td></tr> <tr id="xdx_438_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromExplorationMember_ecustom--IncreaseThroughGeologyExpensesExplorationAndEvaluationAssets_zd8UJiET9Cf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt">Geology</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,573,182</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">163,812</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,736,994</td><td style="text-align: left"> </td></tr> <tr id="xdx_437_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromExplorationMember_ecustom--IncreaseThroughDrillingExpensesExplorationAndEvaluationAssets_zofFgqma9Gs5" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt">Drilling</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,202,715</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,613</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,211,328</td><td style="text-align: left"> </td></tr> <tr id="xdx_43E_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromExplorationMember_ecustom--IncreaseThroughGeophysicsExpensesExplorationAndEvaluationAssets_zMZ8ZVubDi4k" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt">Geophysics</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,659,814</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">12,651</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,672,465</td><td style="text-align: left"> </td></tr> <tr id="xdx_439_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromExplorationMember_ecustom--IncreaseThroughEngineeringExplorationAndEvaluationAssets_zkjLMcy3dZYe" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt">Engineering</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,968,618</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">66,761</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,035,379</td><td style="text-align: left"> </td></tr> <tr id="xdx_437_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromExplorationMember_ecustom--IncreaseThroughESGExplorationAndEvaluationAssets_zTd0Agwaihx3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt">ESG</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">197,675</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">35,262</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">232,937</td><td style="text-align: left"> </td></tr> <tr id="xdx_435_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromExplorationMember_ecustom--IncreaseThroughMetallurgyAndMPExplorationAndEvaluationAssets_zcRlYL73AgX7" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Metallurgy & MP</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">75,955</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,800</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">80,755</td><td style="text-align: left"> </td></tr> <tr id="xdx_436_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromExplorationMember_ecustom--IncreaseThroughTechnicalStudiesExplorationAndEvaluationAssets_zIQ4o6VWQhK7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Technical studies</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">46,762</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">12,202</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">58,964</td><td style="text-align: left"> </td></tr> <tr id="xdx_43A_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromExplorationMember_ecustom--IncreaseThroughHealthAndSafetyExplorationAndEvaluationAssets_z5KuzuDm6Gjj" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Health and safety</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">277,284</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0775">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">277,284</td><td style="text-align: left"> </td></tr> <tr id="xdx_438_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromExplorationMember_ecustom--IncreaseThroughInfrastructureWaterStudiesExplorationAndEvaluationAssets_zUXYS858iWW7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1.5pt">Infrastructure – water studies</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">14,165</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0779">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">14,165</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_437_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromExplorationMember_eifrs-full--IntangibleExplorationAndEvaluationAssets_iE_zIrFunYJDOoe" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; padding-bottom: 1.5pt">Balance, December 31, 2022</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">22,895,154</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">350,201</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">23,245,355</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_433_c20220101__20221231_eifrs-full--IntangibleExplorationAndEvaluationAssets_iE_zudW246OneDa" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; font-weight: bold; padding-bottom: 2.5pt">Total, December 31, 2022</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">31,146,673</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">677,310</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">31,823,982</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_43C_c20210101__20211231_eifrs-full--IntangibleExplorationAndEvaluationAssets_iE_zsNRwLygZUP9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; font-weight: bold; padding-bottom: 2.5pt">Total, December 31, 2021</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">3,099,926</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0791">-</span></td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">3,099,926</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_439_c20210101__20211231_eifrs-full--IntangibleExplorationAndEvaluationAssets_iE_zqxJ6UXSrmh4" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; font-weight: bold; padding-bottom: 2.5pt">Ending balance</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">3,099,926</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0795">-</span></td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">3,099,926</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8A6_z3SoI48pTVt" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following is a description of the Company’s exploration and evaluation assets and the related spending commitments:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.15in 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Botswana Assets - Selebi and Selkirk</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.15in 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On September 28, 2021, the Company executed the Selebi APA with the BCL liquidator to acquire the Selebi assets and related infrastructure formerly operated by BCL. On January 31, 2022, the Company closed the transaction and ownership of the Selebi Assets transferred to the Company.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">PNRC also negotiated a separate asset purchase agreement (the “Selkirk APA”) with the liquidator of TNMC to acquire the Selkirk deposit and related infrastructure formerly operated by TNMC on January 20, 2022 and closed the transaction on August 22, 2022.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant to the Selebi APA the aggregate purchase price payable to the seller for the Selebi Assets, shall be the sum of $<span id="xdx_90E_eifrs-full--IdentifiableAssetsAcquiredLiabilitiesAssumed_iI_c20210928__ifrs-full--BusinessCombinationsAxis__custom--SelebiMember_zsU6YtkpQjQ2" title="Assets purchase price">76,862,200</span>(US$<span id="xdx_907_eifrs-full--IdentifiableAssetsAcquiredLiabilitiesAssumed_iI_uUSD_c20210928__ifrs-full--BusinessCombinationsAxis__custom--SelebiMember_zl5LeHrYGPNa" title="Assets purchase price">56,750,000</span>) which amount shall be paid in three instalments:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.35in">●</td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$<span id="xdx_90C_ecustom--ClosingPayable_c20210928__20210928__ifrs-full--BusinessCombinationsAxis__custom--SelebiMember_zsaj9aH09Igd" title="Closing payment">2,086,830</span> (US$<span id="xdx_90C_ecustom--ClosingPayable_uUSD_c20210928__20210928__ifrs-full--BusinessCombinationsAxis__custom--SelebiMember_zBk17XiWFCq4" title="Closing payment">1,750,000</span>) payable on the closing date. This payment has been made.</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$<span id="xdx_90B_ecustom--SecondInstallmentPurchasePrice_c20210928__20210928__ifrs-full--BusinessCombinationsAxis__custom--SelebiMember_z7V7ib9h7Xh1" title="Earlier payment">33,860,000</span> (US$<span id="xdx_904_ecustom--SecondInstallmentPurchasePrice_uUSD_c20210928__20210928__ifrs-full--BusinessCombinationsAxis__custom--SelebiMember_zurOeSs6fvKh" title="Second installment purchase price">25,000,000</span>) upon the earlier of: a) approval by the Ministry of Mineral Resources, Green Technology and Energy Security (“<b>MMRGTES</b>”) of the Company’s Section 42 and Section 43 Applications (further extension of the mining license and conversion of the mining licence into an operating license respectively), and b) on the expiry date of the study phase, January 31, 2025, which can be extended for one year with written notice.</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The third instalment of $<span id="xdx_90C_ecustom--ThirdInstallmentPurchasePriceUponMineConstruction_c20210928__20210928__ifrs-full--BusinessCombinationsAxis__custom--SelebiMember_zMdaoV7bv1j7" title="Payable of mine construction">40,632,000</span> (US$<span id="xdx_90B_ecustom--ThirdInstallmentPurchasePriceUponMineConstruction_uUSD_c20210928__20210928__ifrs-full--BusinessCombinationsAxis__custom--SelebiMember_zdykdGNK6ulg" title="Third installment of purchase price upon mine construction">30,000,000</span>) is payable on the completion of mine construction and production start-up (commissioning) by the Company on or before January 31, 2030, but not later than four years after the approval by the Minister of MMRGTES of the Company’s Section 42 and Section 43 Applications.</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Payment of care and maintenance funding contribution in respect of the Selebi Assets for a total of $<span id="xdx_908_ecustom--PaymentOfCareAndMaintenanceExpense_c20210322__20220131__ifrs-full--BusinessCombinationsAxis__custom--SelebiMember_zD1eGtaCYJJh" title="Payment of care and maintenance">6,164,688</span> (US$<span id="xdx_90E_ecustom--PaymentOfCareAndMaintenanceExpense_uUSD_c20210322__20220131__ifrs-full--BusinessCombinationsAxis__custom--SelebiMember_z783DrAsxQIl" title="Payment of care and maintenance">5,178,747</span>) from March 22, 2021 to the closing date. This payment has been made.</td></tr> </table> <p style="margin-top: 0; margin-bottom: 0"> </p> <p style="margin-top: 0; margin-bottom: 0"/> <p style="margin-top: 0; margin-bottom: 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021</span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(Expressed in Canadian dollars)</i></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The total acquisition cost of Selebi included the 1<sup>st</sup> instalment of $<span id="xdx_901_eifrs-full--FinancialAssetsRecognisedAsOfAcquisitionDate_iI_c20210928__ifrs-full--BusinessCombinationsAxis__custom--SelebiMember_zGH4xNA2sEP4" title="Acquisition cost">2,086,830</span> (US$<span id="xdx_90B_eifrs-full--FinancialAssetsRecognisedAsOfAcquisitionDate_iI_uUSD_c20210928__ifrs-full--BusinessCombinationsAxis__custom--SelebiMember_zD9aOtTHZuv6" title="Acquisition cost">1,750,000</span>) and the payment of the care and maintenance funding contribution of $<span id="xdx_902_ecustom--PaymentOfCareAndMaintenanceFundings_c20210928__20210928__ifrs-full--BusinessCombinationsAxis__custom--SelebiMember_zrjbTPC4xfSi" title="Payment of care and maintenance funding">6,164,688</span> (US$<span id="xdx_903_ecustom--PaymentOfCareAndMaintenanceFundings_uUSD_c20210928__20210928__ifrs-full--BusinessCombinationsAxis__custom--SelebiMember_zD0OK6lFFIM4" title="Payment of care and maintenance funding">5,178,747</span>) for the asset. As per the terms and conditions of the Selebi APA, the Company has the option to cancel the second and third payments and give back the Selebi Assets to the liquidator in the event where the exploration program determines that the Selebi Assets are not economical. The Company also has an option to pay in advance the second and third payments in the event where the exploration program determines that the Selebi Assets are economical. The Company’s accounting policy, as permitted by IAS 16 – <i>Property, Plant and Equipment</i>, is to measure and record contingent consideration when the conditions associated with the contingency are met. As of December 31, 2022, none of the conditions of the second and third instalment are met. Hence, these amounts are not accrued in the consolidated financial statements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In addition to the Selebi APA, the purchase of the Selebi Assets is also subject to a contingent compensation agreement as well as a royalty agreement with the liquidator.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In regard to the Selkirk Assets, the Selkirk APA does not provide for a purchase price or initial payment for the purchase of the assets. The acquisition cost of Selkirk of $<span id="xdx_90C_eifrs-full--FinancialAssetsRecognisedAsOfAcquisitionDate_iI_c20220822__custom--TypeOfPropertyAxis__custom--SelkirkAssetsMember_z7X5Qad1Uyel" title="Acquisition cost">327,109</span> (US$<span id="xdx_904_eifrs-full--FinancialAssetsRecognisedAsOfAcquisitionDate_iI_uUSD_c20220822__custom--TypeOfPropertyAxis__custom--SelkirkAssetsMember_zWgdL5uoRxM7" title="Acquisition cost">244,954</span>) was the care and maintenance funding contribution from April 1, 2021 to the closing date of the Selkirk APA. The Selkirk APA provides that if the Company elects to develop Selkirk first, the payment of the second Selebi instalment of $<span id="xdx_90C_ecustom--PaymentOfSecondInstalment_pp0p0_c20210401__20220822__custom--TypeOfPropertyAxis__custom--SelkirkAssetsMember_z3Ua2vgjmgzl" title="Payment of second instalment">33,860,000</span> (US$<span id="xdx_90A_ecustom--PaymentOfSecondInstalment_pp0p0_uUSD_c20210401__20220822__custom--TypeOfPropertyAxis__custom--SelkirkAssetsMember_z1EkdvnKB18g" title="Payment of second instalment">25,000,000</span>) would be upon the approval by the Minister of MMRGTES of the Company’s Section 42 and Section 43 Applications (further extension of the Selkirk mining license (years) and conversion of the Selkirk mining license into an operating license respectively). For the third Selebi instalment of $<span id="xdx_903_ecustom--PaymentOfThirdInstalment_pp0p0_c20210401__20220822__custom--TypeOfPropertyAxis__custom--SelkirkAssetsMember_zuV7aVimK9Ia" title="Payment of third instalment">40,632,000</span> (US$<span id="xdx_90A_ecustom--PaymentOfThirdInstalment_pp0p0_uUSD_c20210401__20220822__custom--TypeOfPropertyAxis__custom--SelkirkAssetsMember_zHHhQWvVVOQb" title="Payment of third instalment">30,000,000</span>), if Selkirk were to be commissioned earlier than Selebi, the payment would trigger on Selkirk’s commission date.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the year ended December 31, 2022, the Company incurred $<span id="xdx_906_eifrs-full--PaymentsForExplorationAndEvaluationExpenses_c20220101__20221231__ifrs-full--BusinessCombinationsAxis__custom--SelebiMember_zvzCC1GnObh2" title="Exploration related cost">28,046,746</span> and $<span id="xdx_90F_ecustom--ExplorationAndLicenseRelatedExpenditure_c20220101__20221231__custom--TypeOfPropertyAxis__custom--SelkirkAssetsMember_zz8kh5kUY6se" title="Exploration and assets related expenditure">677,310</span> in acquisition and exploration expenditures on the Selebi Assets and Selkirk Assets, respectively (December 31, 2021 - $<span id="xdx_907_ecustom--ExplorationAndLicenseRelatedExpenditure_c20210101__20211231__custom--TypeOfPropertyAxis__custom--SelkirkAssetsMember_zl8tnCaiyOnj" title="Exploration and assets related expenditure"><span id="xdx_90B_ecustom--ExplorationAndLicenseRelatedExpenditure_c20210101__20211231__ifrs-full--BusinessCombinationsAxis__custom--SelebiMember_z0E76IsOc5ph" title="Exploration and assets related expenditure">3,099,926</span></span>).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Greenland – Maniitsoq Property</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s Maniitsoq property in Greenland was owned by NAN prior to the RTO. The Maniitsoq property is subject to a <span id="xdx_90C_ecustom--PercentageOfNetSmelterReturnRoyalties_pid_dp_c20220101__20221231__custom--TypeOfPropertyAxis__custom--ManiitsoqPropertyMember_zqBPlYSeSYjk" title="Percentage of net smelter return royalties">2.5</span>% net smelter return (“NSR”). The Company can reduce the NSR to <span id="xdx_900_ecustom--PercentageOfNetSmelterReturnRoyaltiesAfterReduction_pid_dp_c20220101__20221231__custom--TypeOfPropertyAxis__custom--ManiitsoqPropertyMember_zZ6F4g3DuG4c" title="Percentage of net smelter return royalties after reduction">1</span>% by paying $<span id="xdx_90F_ecustom--PaymentRequiredToReduceNetSmelterReturnRoyalties_c20220101__20221231__custom--TypeOfPropertyAxis__custom--ManiitsoqPropertyMember_zfJz3I6rbh1j" title="Payment required to reduce net smelter return royalties">2,000,000</span> on or before 60 days from the decision to commence commercial production.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90D_ecustom--LicensePeriodDescription_c20220101__20221231__custom--TypeOfPropertyAxis__custom--ManiitsoqPropertyMember_zwMymQAJXCB6" title="License period description">At the expiration of the first license period, the Company may apply for a second license period (years 6-10), and the Company may apply for a further <span id="xdx_90B_ecustom--PeriodOfAdditionalLicenseApplication_dtY_c20220101__20221231__custom--TypeOfPropertyAxis__custom--ManiitsoqPropertyMember__srt--StatementScenarioAxis__custom--ElevenToThirteenYearsMember_zAFQtai9YSm5" title="Period of additional license application">3</span>-year license for years 11 to 13. Thereafter, the Company may apply for additional <span id="xdx_909_ecustom--PeriodOfAdditionalLicenseApplication_dtY_c20220101__20221231__custom--TypeOfPropertyAxis__custom--ManiitsoqPropertyMember__srt--StatementScenarioAxis__custom--FourteenToTwentyTwoMember_zrR8jtSghfQ" title="Period of additional license application">3</span>-year licenses for years 14 to 16, 17 to 19 and 20 to 22. The Company will be required to pay additional license fees and will be obligated to incur minimum eligible exploration expenses for such years.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company may terminate the licenses at any time, however any unfulfilled obligations according to the licenses will remain in force, regardless of the termination.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Future required minimum exploration expenditures will be adjusted each year on the basis of the change to the Danish Consumer Price Index.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prior to the closing of the RTO on August 3, 2022, the Maniitsoq property had a book value of $<span id="xdx_901_ecustom--PropertyOfBookValue_c20220803__20220803__custom--TypeOfPropertyAxis__custom--ManiitsoqPropertyMember_zLrO4V3KiZtl" title="Book value">36,692,516</span>. As the transaction is accounted for as a capital transaction with NAN being identified as the accounting acquiree, the net assets of NAN should be measured at fair value at the acquisition date. Upon the completion of the RTO, the Company has switched its focus to development of the Botswana assets with the result that limited resources (management time, capital etc.) have since been allocated or will be allocated to the Greenland assets. Management believes that facts and circumstances exist to suggest that the carrying amount of the Maniitsoq property at August 3, 2022 exceeds its fair value. As a result, the carrying value of the Greenland assets has been reduced to nil as of August 3, 2022, for a total impairment of $<span id="xdx_904_eifrs-full--ImpairmentLossRecognisedInProfitOrLossInvestmentProperty_c20220803__20220803__custom--TypeOfPropertyAxis__custom--ManiitsoqPropertyMember_zqC19O5nsDW2" title="Impairment of property">36,692,516</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">From August 3 to December 31, 2022, the Company spent an additional $<span id="xdx_909_ecustom--AcquisitionAndExplorationExpenditureAmount_c20220802__20221231__custom--TypeOfPropertyAxis__custom--ManiitsoqPropertyMember_zCnfkvL7U3sc" title="Acquisition and exploration expenditure">48,001</span> in acquisition and exploration expenditures on the Maniitsoq property, which is comprised of the Sulussugut, Ininngui, Carbonatite and 2020/05 Licenses. These expenditures were recorded as general exploration expense in the consolidated statements of comprehensive loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021</span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Expressed in Canadian dollars)</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Sulussugut License (2011/54), which was first granted on August 15, 2011 by the Bureau of Minerals and Petroleum (“<b>BMP</b>”) of Greenland, has been renewed and is valid until December 31, 2022. The Company has available credits of DKK <span id="xdx_908_ecustom--AmountOfLicenseCarriedCredits_uDKK_c20210101__20211231__custom--TypeOfPropertyAxis__custom--SulussugutLicenseMember_z2eOetiakLvb" title="Amount of license carried credits">278,854,152</span> (approximately $<span id="xdx_906_ecustom--AmountOfLicenseCarriedCredits_c20210101__20211231__custom--TypeOfPropertyAxis__custom--SulussugutLicenseMember_zsJtnp7ANgCj" title="Amount of license carried credits">55,627,220</span>) at the end of December 31, 2021. The credits available from each year may be carried forward for three years plus a two-year extension and expire between December 31, 2022 and December 31, 2024.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.7pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Ininngui License (2012/28) was first granted by BMP on March 4, 2012.During the year ended December 31, 2021, the Company received a license extension, which provides for a renewal period until December 31, 2023. Total cumulative surplus credit as at December 31, 2021 was DKK <span id="xdx_903_ecustom--AmountOfLicenseCarriedCredits_uDKK_c20210101__20211231__custom--TypeOfPropertyAxis__custom--IninnguiLicenseMember_zvKZo0T5v4D1" title="Amount of license carried credits">35,426,696</span> (approximately $<span id="xdx_90E_ecustom--AmountOfLicenseCarriedCredits_c20210101__20211231__custom--TypeOfPropertyAxis__custom--IninnguiLicenseMember_zD8q5fKcIlaa" title="Amount of license carried credits">7,067,162</span>) and is expected to expire between December 31, 2022 and December 31, 2024.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.7pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Carbonatite License (2018/21) was granted on May 4, 2018 for exclusive exploration rights of an area located near Maniitsoq in West Greenland. The license is valid for five years until December 31, 2022 and during the year ended December 31, 2021, the Company received a license extension, which provides for renewal until December 31, 2024. The Company has a total surplus credit of DKK <span id="xdx_90D_ecustom--AmountOfLicenseCarriedCredits_uDKK_c20210101__20211231__custom--TypeOfPropertyAxis__custom--CarbonatiteLicenseMember_z1OHBzadrZFj" title="Amount of license carried credits">10,577,191</span> (approximately $<span id="xdx_901_ecustom--AmountOfLicenseCarriedCredits_c20210101__20211231__custom--TypeOfPropertyAxis__custom--CarbonatiteLicenseMember_zOQ62rYlHHUl" title="Amount of license carried credits">2,110,012</span>) which is expected to expire between December 31, 2023 and December 31, 2024.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.7pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On February 18, 2020, the Company was granted new prospective license No. 2020/05, by the BMP of Greenland for a period of five years ending December 31, 2024.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.7pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Canada – Post Creek, Halcyon and Quetico Property</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">NAN acquired the rights to the Post Creek, Halcyon and Quetico properties within the Sudbury Mining District of Ontario in 2013, 2015, and 2018, respectively. The Company is obligated to pay advances on net smelter return royalties (“NSR”) of $<span id="xdx_904_ecustom--AdvancesPayableAnnuallyOnNetSmelterReturnRoyalties_c20220101__20221231__custom--TypeOfPropertyAxis__custom--PostCreekPropertyMember_ziydFn2j6o6" title="Advances payable annually on net smelter return royalties">10,000</span> per annum for the Post Creek Property and $<span id="xdx_90A_ecustom--AdvancesPayableAnnuallyOnNetSmelterReturnRoyalties_c20220101__20221231__custom--TypeOfPropertyAxis__custom--HalcyonPropertyMember_zJuh5zlasH9c" title="Advances payable annually on net smelter return royalties">8,000</span> per annum for the Halcyon Property. The total of the advances will be deducted from any payments to be made under the NSR.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The work commitment to hold all 809 claim cells of Quetico was $<span id="xdx_901_ecustom--TotalAnnualWorkRequirementCost_c20220401__20220430__custom--TypeOfPropertyAxis__custom--QueticoPropertyMember__custom--CreationsDateAxis__custom--PriorToAprilTwentySixTwothousandTwentyOneMember_zlLXdz6p3Ph7" title="Work commitment amount"><span id="xdx_90D_ecustom--TotalAnnualWorkRequirementCost_c20220501__20220531__custom--TypeOfPropertyAxis__custom--QueticoPropertyMember__custom--CreationsDateAxis__custom--PriorToAprilTwentySixTwothousandTwentyOneMember_zIAiQ5GZjbla" title="Work commitment amount">323,600</span></span>, with claims due in April and May of 2022. NAN renewed 49 high priority claims for two years for the Quetico East Block and renewed 46 claims for one year and four high priority claims for two years for the West Block. All other claims expired.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prior to the closing of the RTO on August 3, 2022, total book value of the Canadian assets was $<span id="xdx_90F_ecustom--WrittenOffOfAssetsBookValue_iI_c20220803__custom--TypeOfPropertyAxis__custom--CanadianPropertiesMember_zPuValbygRa7" title="Written off of assets book value">2,535,873</span> which has been written off effective as at August 3, 2022, the closing date of the RTO as the Company has switched its focus to development of the Botswana assets with the result that limited resources (management time, capital etc.) have since been allocated or will be allocated to the Canada assets. During the period from August 3 to December 31, 2022, the Company incurred additional $<span id="xdx_90D_ecustom--ExplorationAndLicenseRelatedExpenditure_c20220802__20221231__custom--TypeOfPropertyAxis__custom--CanadianPropertiesMember_zRYFrNZbYhP6" title="Exploration and license related expenditures">21,739</span> in exploration and license related expenditures for the Canadian properties and the expenditures were recorded as general exploration expense in the consolidated statements of comprehensive loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>High Atlas Project in Morocco</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In 2018, the Company’s geologists identified a project opportunity in the high Atlas Mountains of Morocco. There is no modern geophysical coverage and no drilling on the property.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In 2019, the Company signed a memorandum of understanding (the “<b>MOU</b>”) with Office National des Hydrocarbons et des Mines (“<b>ONHYM</b>”), a government entity and the single largest current permit holder in Morocco. Through this alliance, the Company was given access to confidential exploration data to develop nickel projects in the High Atlas Region of Morocco. In November and December 2021, the Company lodged applications for five permits in Morocco. In December, four of the five permits were awarded to the Company. An application for a fifth permit was submitted and awarded in February 2022. Work plans were submitted in May 2022. The work obligations are approximately $<span id="xdx_901_eifrs-full--CapitalCommitments_iI_c20221231__custom--TypeOfPropertyAxis__custom--HighAtlasProjectInMoroccoMember_zE9yT9O1mEb4" title="Work commitment amount">65,000</span> per permit over a three-year period with work commencing within six months.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In October 2022, the Company and ONHYM decided not to pursue the joint venture discussions that initially set out the general framework of a joint venture for the exploration and consolidation of permits owned by ONHYM in the Imilchil area. The Company intends to continue its work on the five permits it acquired in 2021 in the same region.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021</span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Expressed in Canadian dollars)</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The exploration and license related expenditures for the project are recorded as property investigation expense in the consolidated statements of comprehensive loss. The Company has spent $nil on the project during the period from August 3 to December 31, 2022.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.55in 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
| CY2022 | PNRLF |
Disclosure Of Detailed Information Exploration And Evaluation Assets Explanatory
DisclosureOfDetailedInformationExplorationAndEvaluationAssetsExplanatory
|
<p id="xdx_894_ecustom--DisclosureOfDetailedInformationExplorationAndEvaluationAssetsExplanatory_zCSIwreYJmbh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_8BC_zjd0hDMek58b" style="display: none">SUMMARY OF EXPLORATION AND EVALUATION ASSETS</span></b></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_4BB_custom--TypeOfPropertyAxis_custom--SelebiMember_ifrs-full--GeographicalAreasAxis_country--BW_zOUpAa0YjRAc" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Selebi</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_4B9_custom--TypeOfPropertyAxis_custom--SelkirkMember_ifrs-full--GeographicalAreasAxis_country--BW_zYuQMGl2pfXi" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Selkirk</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_4B5_zaVJ8IaKufg" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Total</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Botswana</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2"> </td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Selebi</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Selkirk</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Total</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Acquisitions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_43A_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromAcquisitionMember_eifrs-full--IntangibleExplorationAndEvaluationAssets_iS_zMybACpvA9I1" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt">Balance, December 31, 2021</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0718">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl0719">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0720">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_430_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromAcquisitionMember_ecustom--IncreaseThroughAcquisitionCostsExplorationAndEvaluationAssets_zXBewrn0Tpsf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; width: 46%; text-align: left; padding-bottom: 1.5pt">Acquisition costs</td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; width: 14%; text-align: right">8,251,518</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; width: 14%; text-align: right">327,109</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; width: 14%; text-align: right">8,578,627</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_434_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromAcquisitionMember_eifrs-full--IntangibleExplorationAndEvaluationAssets_iE_zPQP2BheE5Kh" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; padding-bottom: 1.5pt">Balance, December 31, 2022</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">8,251,518</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">327,109</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">8,578,627</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Exploration</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_43B_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromExplorationMember_eifrs-full--IntangibleExplorationAndEvaluationAssets_iS_zJwhtV8f0y0j" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt">Balance, December 31, 2021</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,099,926</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0731">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,099,926</td><td style="text-align: left"> </td></tr> <tr id="xdx_430_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromExplorationMember_eifrs-full--IntangibleExplorationAndEvaluationAssets_iS_zfAjeLo4YiHl" style="display: none; vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt">Beginning balance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,099,926</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0735">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,099,926</td><td style="text-align: left"> </td></tr> <tr id="xdx_438_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromExplorationMember_ecustom--IncreaseThroughSiteAdministrationExplorationAndEvaluationAssets_zl8i0VKiQVY4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Site operations & administration</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,601,381</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">46,100</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,647,481</td><td style="text-align: left"> </td></tr> <tr id="xdx_436_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromExplorationMember_ecustom--IncreaseThroughCareAndMaintenanceExpensesExplorationAndEvaluationAssets_z3Sd9Ins8Au2" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Care & Maintenance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,177,677</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0743">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,177,677</td><td style="text-align: left"> </td></tr> <tr id="xdx_438_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromExplorationMember_ecustom--IncreaseThroughGeologyExpensesExplorationAndEvaluationAssets_zd8UJiET9Cf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt">Geology</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,573,182</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">163,812</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,736,994</td><td style="text-align: left"> </td></tr> <tr id="xdx_437_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromExplorationMember_ecustom--IncreaseThroughDrillingExpensesExplorationAndEvaluationAssets_zofFgqma9Gs5" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt">Drilling</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,202,715</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,613</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,211,328</td><td style="text-align: left"> </td></tr> <tr id="xdx_43E_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromExplorationMember_ecustom--IncreaseThroughGeophysicsExpensesExplorationAndEvaluationAssets_zMZ8ZVubDi4k" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt">Geophysics</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,659,814</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">12,651</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,672,465</td><td style="text-align: left"> </td></tr> <tr id="xdx_439_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromExplorationMember_ecustom--IncreaseThroughEngineeringExplorationAndEvaluationAssets_zkjLMcy3dZYe" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt">Engineering</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,968,618</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">66,761</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,035,379</td><td style="text-align: left"> </td></tr> <tr id="xdx_437_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromExplorationMember_ecustom--IncreaseThroughESGExplorationAndEvaluationAssets_zTd0Agwaihx3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt">ESG</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">197,675</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">35,262</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">232,937</td><td style="text-align: left"> </td></tr> <tr id="xdx_435_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromExplorationMember_ecustom--IncreaseThroughMetallurgyAndMPExplorationAndEvaluationAssets_zcRlYL73AgX7" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Metallurgy & MP</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">75,955</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,800</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">80,755</td><td style="text-align: left"> </td></tr> <tr id="xdx_436_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromExplorationMember_ecustom--IncreaseThroughTechnicalStudiesExplorationAndEvaluationAssets_zIQ4o6VWQhK7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Technical studies</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">46,762</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">12,202</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">58,964</td><td style="text-align: left"> </td></tr> <tr id="xdx_43A_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromExplorationMember_ecustom--IncreaseThroughHealthAndSafetyExplorationAndEvaluationAssets_z5KuzuDm6Gjj" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Health and safety</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">277,284</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0775">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">277,284</td><td style="text-align: left"> </td></tr> <tr id="xdx_438_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromExplorationMember_ecustom--IncreaseThroughInfrastructureWaterStudiesExplorationAndEvaluationAssets_zUXYS858iWW7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1.5pt">Infrastructure – water studies</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">14,165</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0779">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">14,165</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_437_c20220101__20221231__ifrs-full--ClassesOfAssetsAxis__custom--ExplorationAndEvaluationAssetsArisingFromExplorationMember_eifrs-full--IntangibleExplorationAndEvaluationAssets_iE_zIrFunYJDOoe" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; padding-bottom: 1.5pt">Balance, December 31, 2022</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">22,895,154</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">350,201</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">23,245,355</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_433_c20220101__20221231_eifrs-full--IntangibleExplorationAndEvaluationAssets_iE_zudW246OneDa" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; font-weight: bold; padding-bottom: 2.5pt">Total, December 31, 2022</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">31,146,673</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">677,310</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">31,823,982</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_43C_c20210101__20211231_eifrs-full--IntangibleExplorationAndEvaluationAssets_iE_zsNRwLygZUP9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; font-weight: bold; padding-bottom: 2.5pt">Total, December 31, 2021</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">3,099,926</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0791">-</span></td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">3,099,926</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_439_c20210101__20211231_eifrs-full--IntangibleExplorationAndEvaluationAssets_iE_zqxJ6UXSrmh4" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; font-weight: bold; padding-bottom: 2.5pt">Ending balance</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">3,099,926</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0795">-</span></td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">3,099,926</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> | |
| CY2022Q4 | ifrs-full |
Intangible Exploration And Evaluation Assets
IntangibleExplorationAndEvaluationAssets
|
31823982 | cad |
| CY2021Q4 | ifrs-full |
Intangible Exploration And Evaluation Assets
IntangibleExplorationAndEvaluationAssets
|
3099926 | cad |
| CY2021Q4 | ifrs-full |
Intangible Exploration And Evaluation Assets
IntangibleExplorationAndEvaluationAssets
|
3099926 | cad |
| CY2022 | ifrs-full |
Disclosure Of Property Plant And Equipment Explanatory
DisclosureOfPropertyPlantAndEquipmentExplanatory
|
<p id="xdx_80B_eifrs-full--DisclosureOfPropertyPlantAndEquipmentExplanatory_zG1KO7dzK2F3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>7. <span id="xdx_826_zwfMZTCTslbe">PROPERTY, PLANT AND EQUIPMENT</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p id="xdx_894_eifrs-full--DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory_zaqTSZgRIWUh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The table below sets out costs and accumulated amortization as at December 31, 2022. The Company had no property, plant and equipment as at December 31, 2021.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.55in 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B8_zxI6hkLSftK9" style="display: none">SUMMARY OF PROPERTY, PLANT AND EQUIPMENT</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-weight: bold">Cost</td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" id="xdx_4BA_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--LandAndBuildingsMember_zEy8zLeNIQHh" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Land and <br/> Buildings (ROU <br/> Assets)</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" id="xdx_4B3_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--FixturesAndFittingsMember_zIDsFu5ub5Kd" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Furniture <br/> and <br/> Fixtures</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" id="xdx_4B7_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_custom--ExplorationEquipmentMember_zfvZCz5S90s7" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Exploration <br/> Equipment</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" id="xdx_4B9_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_custom--GeneratorMember_zhQzgt30fh4b" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Generator</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" id="xdx_4BF_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--VehiclesMember_zLZmvq7vV2tg" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Vehicles</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" id="xdx_4BF_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_custom--ComputerEquipmentsAndSoftwareMember_zVuiapvROO1e" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Computer <br/> and <br/> software</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" id="xdx_4B2_zv3dVSc8dqk3" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Total</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr id="xdx_43B_c20220101__20221231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--PropertyPlantAndEquipment_iS_zS7wPyyd3YId" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Balance – December 31, 2021</td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-hidden: xdx2ixbrl0894">-</span></td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-hidden: xdx2ixbrl0895">-</span></td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-hidden: xdx2ixbrl0896">-</span></td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0897">-</span></td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0898">-</span></td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-hidden: xdx2ixbrl0899">-</span></td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0900">-</span></td><td style="font-weight: bold"> </td></tr> <tr id="xdx_406_eifrs-full--AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment_hifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_zOYD2n8XZNmf" style="vertical-align: bottom; background-color: White"> <td style="width: 37%; text-align: left">Additions </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">3,077,421</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">126,605</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">11,973</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">31,381</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">241,884</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">1,950</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">3,479,240</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--DisposalsPropertyPlantAndEquipment_hifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_zwweHO7EvnBl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Dispositions</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0910">-</span></td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0911">-</span></td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0912">-</span></td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0913">-</span></td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0914">-</span></td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"/><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0916">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eifrs-full--DepreciationPropertyPlantAndEquipment_zEoMJW6sYmJ8" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Depreciation during the year</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_430_c20220101__20221231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--PropertyPlantAndEquipment_iE_z9NyTPd7kuY4" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold">Balance – December 31, 2022</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">3,077,421</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">126,605</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">11,973</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">31,381</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">241,884</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,950</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">3,479,240</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left; width: 37%">Accumulated <br/> Depreciation</td><td style="font-weight: bold; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left; width: 1%"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right; width: 5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Land and <br/> Buildings (ROU <br/> Assets)</b></span></td><td style="font-weight: bold; text-align: left; width: 1%"> </td><td style="font-weight: bold; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left; width: 1%"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right; width: 5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Furniture <br/> and <br/> Fixtures</b></span></td><td style="font-weight: bold; text-align: left; width: 1%"> </td><td style="font-weight: bold; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left; width: 1%"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right; width: 5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Exploration <br/> Equipment</b></span></td><td style="font-weight: bold; text-align: left; width: 1%"> </td><td style="font-weight: bold; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left; width: 1%"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right; width: 5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Generator</b></span></td><td style="font-weight: bold; text-align: left; width: 1%"> </td><td style="font-weight: bold; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left; width: 1%"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right; width: 5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Vehicles</b></span></td><td style="font-weight: bold; text-align: left; width: 1%"> </td><td style="font-weight: bold; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left; width: 1%"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right; width: 5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Computer <br/> and <br/> software</b></span></td><td style="font-weight: bold; text-align: left; width: 1%"> </td><td style="font-weight: bold; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left; width: 1%"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right; width: 5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Total</b></span></td><td style="font-weight: bold; text-align: left; width: 1%"> </td></tr> <tr id="xdx_435_c20220101__20221231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__custom--AccumulatedDepreciationMember_eifrs-full--PropertyPlantAndEquipment_iS_z3ikrM3oePW7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Balance – December 31, 2021</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0934">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0935">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0936">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0937">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0938">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0939">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0940">-</span></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_403_eifrs-full--DepreciationPropertyPlantAndEquipment_hifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__custom--AccumulatedDepreciationMember_zS9Cc9Lu6NA7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Depreciation during the year</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">51,124</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,872</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,447</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">562</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">39,589</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,950</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">96,543</td><td style="text-align: left"> </td></tr> <tr id="xdx_432_c20220101__20221231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__custom--AccumulatedDepreciationMember_eifrs-full--PropertyPlantAndEquipment_iE_zNmNrF3Q21Ml" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Balance – December 31, 2022</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">51,124</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,872</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,447</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">562</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">39,589</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,950</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">96,543</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-weight: bold; width: 37%">Carrying Value</td><td style="text-align: center; font-weight: bold; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center; width: 1%"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center; width: 5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Land and <br/> Buildings (ROU <br/> Assets)</b></span></td><td style="font-weight: bold; text-align: center; width: 1%"> </td><td style="text-align: center; font-weight: bold; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center; width: 1%"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center; width: 5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Furniture <br/> and <br/> Fixtures</b></span></td><td style="font-weight: bold; text-align: center; width: 1%"> </td><td style="text-align: center; font-weight: bold; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center; width: 1%"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center; width: 5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Exploration <br/> Equipment</b></span></td><td style="font-weight: bold; text-align: center; width: 1%"> </td><td style="text-align: center; font-weight: bold; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center; width: 1%"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center; width: 5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Generator</b></span></td><td style="font-weight: bold; text-align: center; width: 1%"> </td><td style="text-align: center; font-weight: bold; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center; width: 1%"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center; width: 5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Vehicles</b></span></td><td style="font-weight: bold; text-align: center; width: 1%"> </td><td style="text-align: center; font-weight: bold; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center; width: 1%"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center; width: 5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Computer <br/> and <br/> Software</b></span></td><td style="font-weight: bold; text-align: center; width: 1%"> </td><td style="text-align: center; font-weight: bold; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center; width: 1%"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center; width: 5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Total</b></span></td><td style="font-weight: bold; text-align: center; width: 1%"> </td></tr> <tr id="xdx_438_c20220101__20221231_eifrs-full--PropertyPlantAndEquipment_iS_ztxN6P7eTRTa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance – December 31, 2021</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0958">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0959">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0960">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0961">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0962">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0963">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0964">-</span></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_437_c20220101__20221231_eifrs-full--PropertyPlantAndEquipment_iS_zG6E9SjpliTc" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Beginning balance</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0966">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0967">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0968">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0969">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0970">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0971">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0972">-</span></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_433_c20220101__20221231_eifrs-full--PropertyPlantAndEquipment_iE_z7GBWGogEM8j" style="vertical-align: bottom; background-color: White"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Balance – December 31, 2022</b></span></td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">3,026,267</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">124,733</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">10,526</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">30,819</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">202,295</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl0979">-</span></span></td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">3,394,670</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_439_c20220101__20221231_eifrs-full--PropertyPlantAndEquipment_iE_zT2Ki5B5DoBa" style="display: none; vertical-align: bottom; background-color: White"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Ending balance</b></span></td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">3,026,267</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">124,733</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">10,526</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">30,819</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">202,295</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0987">-</span></td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">3,394,670</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8AC_zbi5tytXhuVg" style="margin-top: 0; margin-bottom: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021</span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Expressed in Canadian dollars)</span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
| CY2022 | ifrs-full |
Disclosure Of Detailed Information About Property Plant And Equipment Explanatory
DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory
|
<p id="xdx_894_eifrs-full--DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory_zaqTSZgRIWUh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The table below sets out costs and accumulated amortization as at December 31, 2022. The Company had no property, plant and equipment as at December 31, 2021.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.55in 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B8_zxI6hkLSftK9" style="display: none">SUMMARY OF PROPERTY, PLANT AND EQUIPMENT</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-weight: bold">Cost</td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" id="xdx_4BA_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--LandAndBuildingsMember_zEy8zLeNIQHh" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Land and <br/> Buildings (ROU <br/> Assets)</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" id="xdx_4B3_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--FixturesAndFittingsMember_zIDsFu5ub5Kd" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Furniture <br/> and <br/> Fixtures</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" id="xdx_4B7_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_custom--ExplorationEquipmentMember_zfvZCz5S90s7" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Exploration <br/> Equipment</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" id="xdx_4B9_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_custom--GeneratorMember_zhQzgt30fh4b" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Generator</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" id="xdx_4BF_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_ifrs-full--VehiclesMember_zLZmvq7vV2tg" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Vehicles</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" id="xdx_4BF_ifrs-full--ClassesOfPropertyPlantAndEquipmentAxis_custom--ComputerEquipmentsAndSoftwareMember_zVuiapvROO1e" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Computer <br/> and <br/> software</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" id="xdx_4B2_zv3dVSc8dqk3" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Total</td><td style="text-align: center; font-weight: bold"> </td></tr> <tr id="xdx_43B_c20220101__20221231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--PropertyPlantAndEquipment_iS_zS7wPyyd3YId" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Balance – December 31, 2021</td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-hidden: xdx2ixbrl0894">-</span></td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-hidden: xdx2ixbrl0895">-</span></td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-hidden: xdx2ixbrl0896">-</span></td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0897">-</span></td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0898">-</span></td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-hidden: xdx2ixbrl0899">-</span></td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0900">-</span></td><td style="font-weight: bold"> </td></tr> <tr id="xdx_406_eifrs-full--AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment_hifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_zOYD2n8XZNmf" style="vertical-align: bottom; background-color: White"> <td style="width: 37%; text-align: left">Additions </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">3,077,421</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">126,605</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">11,973</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">31,381</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">241,884</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">1,950</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">3,479,240</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--DisposalsPropertyPlantAndEquipment_hifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_zwweHO7EvnBl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Dispositions</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0910">-</span></td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0911">-</span></td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0912">-</span></td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0913">-</span></td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0914">-</span></td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"/><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0916">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eifrs-full--DepreciationPropertyPlantAndEquipment_zEoMJW6sYmJ8" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Depreciation during the year</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_430_c20220101__20221231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__ifrs-full--GrossCarryingAmountMember_eifrs-full--PropertyPlantAndEquipment_iE_z9NyTPd7kuY4" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold">Balance – December 31, 2022</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">3,077,421</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">126,605</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">11,973</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">31,381</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">241,884</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,950</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">3,479,240</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left; width: 37%">Accumulated <br/> Depreciation</td><td style="font-weight: bold; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left; width: 1%"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right; width: 5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Land and <br/> Buildings (ROU <br/> Assets)</b></span></td><td style="font-weight: bold; text-align: left; width: 1%"> </td><td style="font-weight: bold; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left; width: 1%"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right; width: 5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Furniture <br/> and <br/> Fixtures</b></span></td><td style="font-weight: bold; text-align: left; width: 1%"> </td><td style="font-weight: bold; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left; width: 1%"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right; width: 5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Exploration <br/> Equipment</b></span></td><td style="font-weight: bold; text-align: left; width: 1%"> </td><td style="font-weight: bold; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left; width: 1%"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right; width: 5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Generator</b></span></td><td style="font-weight: bold; text-align: left; width: 1%"> </td><td style="font-weight: bold; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left; width: 1%"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right; width: 5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Vehicles</b></span></td><td style="font-weight: bold; text-align: left; width: 1%"> </td><td style="font-weight: bold; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left; width: 1%"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right; width: 5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Computer <br/> and <br/> software</b></span></td><td style="font-weight: bold; text-align: left; width: 1%"> </td><td style="font-weight: bold; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left; width: 1%"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right; width: 5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Total</b></span></td><td style="font-weight: bold; text-align: left; width: 1%"> </td></tr> <tr id="xdx_435_c20220101__20221231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__custom--AccumulatedDepreciationMember_eifrs-full--PropertyPlantAndEquipment_iS_z3ikrM3oePW7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Balance – December 31, 2021</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0934">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0935">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0936">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0937">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0938">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0939">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0940">-</span></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_403_eifrs-full--DepreciationPropertyPlantAndEquipment_hifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__custom--AccumulatedDepreciationMember_zS9Cc9Lu6NA7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Depreciation during the year</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">51,124</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,872</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,447</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">562</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">39,589</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,950</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">96,543</td><td style="text-align: left"> </td></tr> <tr id="xdx_432_c20220101__20221231__ifrs-full--CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis__custom--AccumulatedDepreciationMember_eifrs-full--PropertyPlantAndEquipment_iE_zNmNrF3Q21Ml" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Balance – December 31, 2022</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">51,124</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,872</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,447</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">562</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">39,589</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,950</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">96,543</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-weight: bold; width: 37%">Carrying Value</td><td style="text-align: center; font-weight: bold; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center; width: 1%"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center; width: 5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Land and <br/> Buildings (ROU <br/> Assets)</b></span></td><td style="font-weight: bold; text-align: center; width: 1%"> </td><td style="text-align: center; font-weight: bold; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center; width: 1%"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center; width: 5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Furniture <br/> and <br/> Fixtures</b></span></td><td style="font-weight: bold; text-align: center; width: 1%"> </td><td style="text-align: center; font-weight: bold; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center; width: 1%"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center; width: 5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Exploration <br/> Equipment</b></span></td><td style="font-weight: bold; text-align: center; width: 1%"> </td><td style="text-align: center; font-weight: bold; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center; width: 1%"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center; width: 5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Generator</b></span></td><td style="font-weight: bold; text-align: center; width: 1%"> </td><td style="text-align: center; font-weight: bold; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center; width: 1%"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center; width: 5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Vehicles</b></span></td><td style="font-weight: bold; text-align: center; width: 1%"> </td><td style="text-align: center; font-weight: bold; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center; width: 1%"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center; width: 5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Computer <br/> and <br/> Software</b></span></td><td style="font-weight: bold; text-align: center; width: 1%"> </td><td style="text-align: center; font-weight: bold; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center; width: 1%"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center; width: 5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Total</b></span></td><td style="font-weight: bold; text-align: center; width: 1%"> </td></tr> <tr id="xdx_438_c20220101__20221231_eifrs-full--PropertyPlantAndEquipment_iS_ztxN6P7eTRTa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Balance – December 31, 2021</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0958">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0959">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0960">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0961">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0962">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0963">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0964">-</span></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_437_c20220101__20221231_eifrs-full--PropertyPlantAndEquipment_iS_zG6E9SjpliTc" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Beginning balance</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0966">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0967">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0968">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0969">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0970">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0971">-</span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0972">-</span></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_433_c20220101__20221231_eifrs-full--PropertyPlantAndEquipment_iE_z7GBWGogEM8j" style="vertical-align: bottom; background-color: White"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Balance – December 31, 2022</b></span></td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">3,026,267</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">124,733</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">10,526</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">30,819</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">202,295</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl0979">-</span></span></td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">3,394,670</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_439_c20220101__20221231_eifrs-full--PropertyPlantAndEquipment_iE_zT2Ki5B5DoBa" style="display: none; vertical-align: bottom; background-color: White"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Ending balance</b></span></td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">3,026,267</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">124,733</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">10,526</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">30,819</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">202,295</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0987">-</span></td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">3,394,670</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> | |
| CY2022Q4 | ifrs-full |
Property Plant And Equipment
PropertyPlantAndEquipment
|
3394670 | cad |
| CY2022Q4 | ifrs-full |
Property Plant And Equipment
PropertyPlantAndEquipment
|
3394670 | cad |
| CY2022 | ifrs-full |
Disclosure Of Trade And Other Payables Explanatory
DisclosureOfTradeAndOtherPayablesExplanatory
|
<p id="xdx_808_eifrs-full--DisclosureOfTradeAndOtherPayablesExplanatory_zGf0rzTZHNcj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>8. <span id="xdx_82A_zKgQCqrOdTog">TRADE PAYABLES AND ACCRUED LIABILITIES</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span> </span></b></span></p> <p id="xdx_894_ecustom--DisclosureOfDetailedInformationAboutTradePayablesAndAccruedLiabilitiesExplanatory_zrFlOG9zc7Af" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_8B4_zXe5FlvEkQDd" style="display: none">SUMMARY OF TRADE PAYABLES AND ACCRUED LIABILITIES</span></b></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_49C_20221231_zsxx9tKekcqg" style="border-bottom: Black 1.5pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31,</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2022</b></span></p></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_493_20211231_zU2q4UrYsfvb" style="border-bottom: Black 1.5pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31,</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2021</b></span></p></td><td style="padding-bottom: 1.5pt"> </td></tr> <tr id="xdx_408_eifrs-full--TradeAndOtherCurrentPayablesToRelatedParties_iI_maTAOCPzLvu_zjipxnrIfhGk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Amounts due to related parties (note 12)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">43,235</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">225,904</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--TradeAndOtherCurrentPayablesToTradeSuppliers_iI_maTAOCPzLvu_zo9Uv4xLZD78" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Trade payables</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,660,519</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">218,456</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--AccrualsClassifiedAsCurrent_iI_maTAOCPzLvu_zyokxDl7Kq4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Accrued liabilities</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">321,962</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">136,126</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--TradeAndOtherCurrentPayables_iTI_mtTAOCPzLvu_zTC1hku8MD34" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif">Trade payables and accrued liabilities</span></td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">4,025,716</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">580,486</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8A8_z4E5Mx1oNkgh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> | |
| CY2022 | PNRLF |
Disclosure Of Detailed Information About Trade Payables And Accrued Liabilities Explanatory
DisclosureOfDetailedInformationAboutTradePayablesAndAccruedLiabilitiesExplanatory
|
<p id="xdx_894_ecustom--DisclosureOfDetailedInformationAboutTradePayablesAndAccruedLiabilitiesExplanatory_zrFlOG9zc7Af" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_8B4_zXe5FlvEkQDd" style="display: none">SUMMARY OF TRADE PAYABLES AND ACCRUED LIABILITIES</span></b></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_49C_20221231_zsxx9tKekcqg" style="border-bottom: Black 1.5pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31,</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2022</b></span></p></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_493_20211231_zU2q4UrYsfvb" style="border-bottom: Black 1.5pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31,</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2021</b></span></p></td><td style="padding-bottom: 1.5pt"> </td></tr> <tr id="xdx_408_eifrs-full--TradeAndOtherCurrentPayablesToRelatedParties_iI_maTAOCPzLvu_zjipxnrIfhGk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Amounts due to related parties (note 12)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">43,235</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">225,904</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--TradeAndOtherCurrentPayablesToTradeSuppliers_iI_maTAOCPzLvu_zo9Uv4xLZD78" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Trade payables</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,660,519</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">218,456</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--AccrualsClassifiedAsCurrent_iI_maTAOCPzLvu_zyokxDl7Kq4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Accrued liabilities</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">321,962</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">136,126</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--TradeAndOtherCurrentPayables_iTI_mtTAOCPzLvu_zTC1hku8MD34" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif">Trade payables and accrued liabilities</span></td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">4,025,716</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">580,486</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> | |
| CY2022Q4 | ifrs-full |
Trade And Other Current Payables To Related Parties
TradeAndOtherCurrentPayablesToRelatedParties
|
43235 | cad |
| CY2021Q4 | ifrs-full |
Trade And Other Current Payables To Related Parties
TradeAndOtherCurrentPayablesToRelatedParties
|
225904 | cad |
| CY2022Q4 | ifrs-full |
Trade And Other Current Payables To Trade Suppliers
TradeAndOtherCurrentPayablesToTradeSuppliers
|
3660519 | cad |
| CY2021Q4 | ifrs-full |
Trade And Other Current Payables To Trade Suppliers
TradeAndOtherCurrentPayablesToTradeSuppliers
|
218456 | cad |
| CY2022Q4 | ifrs-full |
Accruals Classified As Current
AccrualsClassifiedAsCurrent
|
321962 | cad |
| CY2021Q4 | ifrs-full |
Accruals Classified As Current
AccrualsClassifiedAsCurrent
|
136126 | cad |
| CY2022Q4 | ifrs-full |
Trade And Other Current Payables
TradeAndOtherCurrentPayables
|
4025716 | cad |
| CY2021Q4 | ifrs-full |
Trade And Other Current Payables
TradeAndOtherCurrentPayables
|
580486 | cad |
| CY2022 | PNRLF |
Disclosure Of Detailed Information About Promissory Note Explanatory
DisclosureOfDetailedInformationAboutPromissoryNoteExplanatory
|
<p id="xdx_808_ecustom--DisclosureOfDetailedInformationAboutPromissoryNoteExplanatory_zEFjP61Imdrl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>9. <span id="xdx_828_zdZIvgIcPsOb">PROMISSORY NOTE</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On November 21, 2022, the Company announced a $<span id="xdx_902_eifrs-full--CorporateLoans_iI_c20221121__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PinnacleIslandLPMember_zDmfC3OTrpUd" title="Bridge loan">7,000,000</span> million bridge loan (the “<b>Bridge Loan</b>”) financing from Pinnacle Island LP (the “<b>Lender</b>”). The Bridge Loan financing closed on November 25, 2022 and net proceeds of $<span id="xdx_90C_eifrs-full--LoansReceived_iI_c20221121__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PinnacleIslandLPMember_zF8kzkkHOQNf" title="Proceeds from loans">6,740,000</span> were received by the Company (after deducting the commitment fee of $<span id="xdx_90D_eifrs-full--FeeAndCommissionExpense_c20221121__20221121__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PinnacleIslandLPMember_zvpCpnrwKH05" title="Commitment fee">260,000</span>). The Bridge Loan is evidenced by the issuance of a promissory note by the Company to the Lender (the “<b>Promissory Note</b>”). The Promissory Note has a principal amount of $<span id="xdx_901_eifrs-full--Borrowings_iI_pn6n6_c20221121__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PinnacleIslandLPMember_zfKBBcJm9gUh" title="Promissory note principal amount">7</span> million and bears interest at a rate of <span id="xdx_905_eifrs-full--BorrowingsInterestRate_iI_pid_dp_uPure_c20221121__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PinnacleIslandLPMember_zbg8CKAMmbhb" title="Commitment fee">10</span>% per annum, calculated monthly and initially payable on <span id="xdx_905_eifrs-full--BorrowingsMaturity_c20221121__20221121__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PinnacleIslandLPMember_zwdMZx2m9bIh" title="Maturity date">February 22, 2023</span>, being the maturity date of the Promissory Note, with a right of the Company to extend the maturity date to March 22, 2023 and further by providing written notice to the Lender by February 15, 2023. <span id="xdx_901_ecustom--BorrowingsExtendedMaturity_c20221121__20221121__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PinnacleIslandLPMember_zjhHrBM2q4lh" title="Extend maturity date description">The Company extended the maturity to March 22, 2023 and negotiated further extension to November 24, 2023.</span> All other terms of the Promissory Note remain the same. Further details are disclosed in the subsequent events note 17 for further details.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In connection with the promissory note, the Company accrued $<span id="xdx_90C_eifrs-full--InterestPayable_iI_c20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PinnacleIslandLPMember_z1cCtNVbgGfe" title="Accrued interest">70,959 </span>of interest due to the Lender as at December 31, 2022.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The obligations of the Company under the Promissory Note are fully and unconditionally guaranteed by each of its existing and future subsidiaries. No assets of the Company were pledged as collateral under the Promissory Notes. The Promissory Note is subject to certain covenants and provisions on events of default, repayments and mandatory prepayments.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In connection with the Bridge Loan financing, the Company also issued <span id="xdx_904_ecustom--WarrantsIssuedToPurchaseCommonShares_iI_uShares_c20221121__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PinnacleIslandLPMember_zxyhnevvhSYc" title="Warrants issued to purchase common shares">119,229</span> common share purchase warrants to the Lender, each of which is exercisable to acquire one common share of the Company at a price of $<span id="xdx_901_eifrs-full--ExercisePriceOfOutstandingShareOptions2019_iI_pid_c20221121__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PinnacleIslandLPMember_zuRHm3K7sq35" title="Exercise price">2.04</span> per share until November 25, 2023. The fair value of the liability of the warrants was estimated at $<span id="xdx_905_eifrs-full--WarrantLiability_iI_c20221121__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PinnacleIslandLPMember_zfjo0nbiIm9b" title="Warrant liability">46,492</span> using the Black-Scholes Option Pricing Model. Subsequent to year end, in connection with the extension of the maturity of the promissory note from March 22, 2023 to November 24, 2023 these warrants were cancelled and <span id="xdx_906_ecustom--NontransferrableWarrantsIssued_uShares_c20221121__20221121__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PinnacleIslandLPMember_z9SGjMeVd5u2" title="Non-transferrable warrants issued">350,000</span> new non-transferrable common share purchase warrants were issued.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
| CY2022 | ifrs-full |
Disclosure Of Leases Explanatory
DisclosureOfLeasesExplanatory
|
<p id="xdx_801_eifrs-full--DisclosureOfLeasesExplanatory_znOzpBTElXwa" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>10. <span id="xdx_822_z3DJyncZNmv7">LEASE LIABILITY</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On July 9, 2022, the Company executed a sales agreement (the “Agreement”) with Tuli Tourism Pty Ltd. (the “Seller”) for the Syringa Lodge (the “Lodge”) in Botswana.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As per the Agreement of the Lodge, the aggregate purchase price payable to the Seller shall be the sum of $<span id="xdx_90E_eifrs-full--PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_c20220709__20220709__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TuliTourismPtyLtdMember_zWbA9Ivl9Z3h" title="Payment of lease liabilities">3,213,404</span> (BWP <span id="xdx_906_eifrs-full--PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_uBWP_c20220709__20220709__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TuliTourismPtyLtdMember_zrFJ1YeIwPs7" title="Payment of lease liabilities">30,720,000.00</span>) A deposit of $<span id="xdx_905_eifrs-full--LongtermDeposits_iI_c20220817__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TuliTourismPtyLtdMember_zHdMZ8A70KDd" title="Deposits paid">482,011</span> (BWP <span id="xdx_902_eifrs-full--LongtermDeposits_iI_uBWP_c20220817__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TuliTourismPtyLtdMember_zXqlAxRSnmUj" title="Deposits paid">4,608,000</span>) was paid on August 17, 2022. The balance is payable into two installments of $<span id="xdx_900_eifrs-full--BalancesOnTermDepositsFromCustomers_iI_c20230701__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TuliTourismPtyLtdMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventMember_zvCei6WD6s0i" title="Term deposits payable"><span id="xdx_90B_eifrs-full--BalancesOnTermDepositsFromCustomers_iI_c20240801__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TuliTourismPtyLtdMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventMember_zdyebsBrncE4" title="Term deposits payable">1,365,697</span></span> (BWP <span id="xdx_900_eifrs-full--BalancesOnTermDepositsFromCustomers_iI_uBWP_c20230701__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TuliTourismPtyLtdMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventMember_zjeIeHMekf04" title="Term deposits payable"><span id="xdx_90D_eifrs-full--BalancesOnTermDepositsFromCustomers_iI_uBWP_c20240801__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TuliTourismPtyLtdMember__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventMember_z9IjDw1OcnFa" title="Term deposits payable">13,056,000.00</span></span>) on July 1, 2023 and August 1, 2024.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In addition to the above purchase price, the Company will pay to the Seller the Agreed Interest Amount in 12 equal monthly instalments of $<span id="xdx_903_eifrs-full--CurrentInterestPayable_iI_c20220709__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TuliTourismPtyLtdMember_zzLOv1P2dNWh" title="Interest payable current">13,657</span> (BWP <span id="xdx_90E_eifrs-full--CurrentInterestPayable_iI_uBWP_c20220709__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TuliTourismPtyLtdMember_zLunG25ESOe3" title="Interest payable current">130,560</span>), followed by 12 equal monthly instalments of $<span id="xdx_903_eifrs-full--NoncurrentInterestPayable_iI_c20220709__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TuliTourismPtyLtdMember_z5A8xd9tiX0f" title="Interest payable noncurrent">6,828</span> (BWP <span id="xdx_908_eifrs-full--NoncurrentInterestPayable_iI_uBWP_c20220709__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--TuliTourismPtyLtdMember_zoA66b5gzVzc" title="Interest payable noncurrent">65,280</span>).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021</span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Expressed in Canadian dollars)</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_896_ecustom--DisclosureOfDetailedInformationOfLeaseLiabilitiesExplanatory_zQkeI7YHEKhe" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The details of lease liabilities are as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B8_zMkcGvhb1pfi" style="display: none">SCHEDULE OF DETAILS OF LEASE LIABILITIES</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_496_20220101__20221231_z51m4Opkf83b" style="border-bottom: Black 1.5pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31,</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2022</b></span></p></td><td style="padding-bottom: 1.5pt"> </td></tr> <tr id="xdx_40D_eifrs-full--LeaseLiabilities_iS_zGlnjVs0acCl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Lease liabilities as of beginning of year</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1060">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--LeaseAdditionsFromAcquisitions_zXxyWppScfHe" style="vertical-align: bottom; background-color: White"> <td style="width: 80%; text-align: left">Lease additions from acquisitions</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">3,213,404</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_iN_di_z4AcOpONVAxe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Lease payments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(550,295</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_eifrs-full--InterestExpenseOnLeaseLiabilities_zwBOlm7mJEI5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Interest expense on lease liabilities</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">68,285</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--LeaseLiabilities_iE_z9Ym7aCstSq4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">IFRS 16 lease liabilities as of end of year</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,731,394</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Current portion of lease liability (less than one year)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--CurrentLeaseLiabilities_iI_c20221231_zS2tR4E9DKJb" style="text-align: right" title="Current portion of lease liability (less than one year)">1,365,697</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Long-term lease liability (one to five year)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--NoncurrentLeaseLiabilities_iI_c20221231_zegRzZSysUD" style="text-align: right" title="Long-term lease liability (one to five year)">1,365,697</td><td style="text-align: left"> </td></tr> </table> <p id="xdx_8A3_zjQoqmh69jQ4" style="margin-top: 0; margin-bottom: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> | |
| CY2022 | PNRLF |
Disclosure Of Detailed Information Of Lease Liabilities Explanatory
DisclosureOfDetailedInformationOfLeaseLiabilitiesExplanatory
|
<p id="xdx_896_ecustom--DisclosureOfDetailedInformationOfLeaseLiabilitiesExplanatory_zQkeI7YHEKhe" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The details of lease liabilities are as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B8_zMkcGvhb1pfi" style="display: none">SCHEDULE OF DETAILS OF LEASE LIABILITIES</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_496_20220101__20221231_z51m4Opkf83b" style="border-bottom: Black 1.5pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31,</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2022</b></span></p></td><td style="padding-bottom: 1.5pt"> </td></tr> <tr id="xdx_40D_eifrs-full--LeaseLiabilities_iS_zGlnjVs0acCl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Lease liabilities as of beginning of year</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1060">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_407_ecustom--LeaseAdditionsFromAcquisitions_zXxyWppScfHe" style="vertical-align: bottom; background-color: White"> <td style="width: 80%; text-align: left">Lease additions from acquisitions</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">3,213,404</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_iN_di_z4AcOpONVAxe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Lease payments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(550,295</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_eifrs-full--InterestExpenseOnLeaseLiabilities_zwBOlm7mJEI5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Interest expense on lease liabilities</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">68,285</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--LeaseLiabilities_iE_z9Ym7aCstSq4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">IFRS 16 lease liabilities as of end of year</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,731,394</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Current portion of lease liability (less than one year)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--CurrentLeaseLiabilities_iI_c20221231_zS2tR4E9DKJb" style="text-align: right" title="Current portion of lease liability (less than one year)">1,365,697</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Long-term lease liability (one to five year)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--NoncurrentLeaseLiabilities_iI_c20221231_zegRzZSysUD" style="text-align: right" title="Long-term lease liability (one to five year)">1,365,697</td><td style="text-align: left"> </td></tr> </table> | |
| CY2022 | PNRLF |
Lease Additions From Acquisitions
LeaseAdditionsFromAcquisitions
|
3213404 | cad |
| CY2022 | ifrs-full |
Payments Of Lease Liabilities Classified As Financing Activities
PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities
|
550295 | cad |
| CY2022 | ifrs-full |
Interest Expense On Lease Liabilities
InterestExpenseOnLeaseLiabilities
|
68285 | cad |
| CY2022Q4 | ifrs-full |
Lease Liabilities
LeaseLiabilities
|
2731394 | cad |
| CY2022Q4 | ifrs-full |
Current Lease Liabilities
CurrentLeaseLiabilities
|
1365697 | cad |
| CY2022Q4 | ifrs-full |
Noncurrent Lease Liabilities
NoncurrentLeaseLiabilities
|
1365697 | cad |
| CY2022 | ifrs-full |
Disclosure Of Share Capital Reserves And Other Equity Interest Explanatory
DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory
|
<p id="xdx_80D_eifrs-full--DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory_zAJ7aU9Li5B5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>11. <span id="xdx_829_zUoGl70EuI59">SHARE CAPITAL, WARRANTS AND OPTIONS</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The authorized capital of the Company comprises an unlimited number of common shares without par value and <span id="xdx_906_ecustom--PreferredShareConvertedToCommonShares_c20220101__20221231__ifrs-full--ClassesOfShareCapitalAxis__custom--SeriesOneConvertiblePreferredSharesMember_zWe7c5i0q3r2" title="Convertible preferred shares">100,000,000</span> Series 1 convertible preferred shares without par value.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.3in 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Effective August 3, 2022, in connection with the closing of the RTO, the Company completed a share consolidation of the Company’s issued and outstanding common shares, exchanging one (1) post-consolidation common share without par value for every five (5) pre-consolidation common shares issued and outstanding.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.3in 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">All references to share capital, warrants, options and weighted average number of shares outstanding have been adjusted in these financial statements and retrospectively to reflect the Company’s RTO share exchange and <span id="xdx_90D_eifrs-full--DescriptionOfNatureAndPurposeOfReservesWithinEquity_c20220101__20221231_zuobzPdnaWxj" title="Share consolidation description">5-for-1</span> share consolidation as if it occurred at the beginning of the earliest period presented.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.35in 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>a) Common Shares Issued and Outstanding</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On August 3, 2022, PNRC combined with NAN in a reverse takeover transaction whereby shareholders of PNRC exchanged their shares at a rate of <span id="xdx_904_ecustom--ShareExchangeRatioForRto_iI_pid_uPure_c20220803__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zo9KZUudo1Wb" title="Share exchange ratio for RTO">1.054</span> shares of NAN for each share of PNRC, after giving effect to a <span id="xdx_90B_eifrs-full--DescriptionOfNatureAndPurposeOfReservesWithinEquity_c20220803__20220803__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zEjQ42yimf0e" title="Share consolidation description">5-to-1</span> share consolidation for each outstanding share of NAN (Note 4). The following table provides a continuity of share capital presented in these consolidation financial statements:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_898_eifrs-full--DisclosureOfClassesOfShareCapitalExplanatory_zf5U2rkeKzsb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.3in 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8BF_zX5Kdo9C9oP" style="display: none">SCHEDULE OF SHARE CAPITAL</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">PNRC common share</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Company common share</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Number</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Amount</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Number</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Amount</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; text-align: justify">December 31, 2020</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_989_eifrs-full--NumberOfSharesOutstanding_iS_c20210101__20211231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_zGlVpGhlryee" style="width: 11%; text-align: right" title="Shares outstanding, beginning">64,083,487</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_eifrs-full--Equity_iS_c20210101__20211231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_zcyzgpmMI2eh" style="width: 11%; text-align: right" title="Shares capital, beginning">1,468,174</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_984_eifrs-full--NumberOfSharesOutstanding_iS_c20210101__20211231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zeARW3iKAD8h" style="width: 11%; text-align: right" title="Shares outstanding, beginning"><span style="-sec-ix-hidden: xdx2ixbrl1090">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_985_eifrs-full--Equity_iS_c20210101__20211231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zmCUkZqB9QT5" style="width: 11%; text-align: right" title="Shares capital, beginning"><span style="-sec-ix-hidden: xdx2ixbrl1092">-</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Share capital issued through private placement (net of issue costs)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_989_ecustom--ShareCapitalIssuedThroughPrivatePlacementShares_c20210101__20211231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_zlv5sp7YHXp8" style="border-bottom: Black 1.5pt solid; text-align: right" title="Share capital issued through private placement (net of issue costs), shares">12,596,421</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98E_ecustom--ShareCapitalIssuedThroughPrivatePlacement_c20210101__20211231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_zRdIxy7dVRLd" style="border-bottom: Black 1.5pt solid; text-align: right" title="Share capital issued through private placement (net of issue costs)">6,484,501</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_981_ecustom--ShareCapitalIssuedThroughPrivatePlacementShares_c20210101__20211231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zeMpwna3S5Xi" style="border-bottom: Black 1.5pt solid; text-align: right" title="Share capital issued through private placement (net of issue costs), shares"><span style="-sec-ix-hidden: xdx2ixbrl1098">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98A_ecustom--ShareCapitalIssuedThroughPrivatePlacement_c20210101__20211231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zV3pAg0Zhrte" style="border-bottom: Black 1.5pt solid; text-align: right" title="Share capital issued through private placement (net of issue costs)"><span style="-sec-ix-hidden: xdx2ixbrl1100">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">December 31, 2021</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--NumberOfSharesOutstanding_iS_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_z6Z9pAb84hNf" style="text-align: right" title="Shares outstanding, beginning">76,679,908</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--Equity_iS_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_zOpWsAUktT61" style="text-align: right" title="Shares capital, beginning">7,952,675</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--NumberOfSharesOutstanding_iS_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zwt63c2S9a2c" style="text-align: right" title="Shares outstanding, beginning"><span style="-sec-ix-hidden: xdx2ixbrl1106">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eifrs-full--Equity_iS_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zpe3WC9Atzmg" style="text-align: right" title="Shares capital, beginning"><span style="-sec-ix-hidden: xdx2ixbrl1108">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Share capital issued through private placement (net of issue costs)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--ShareCapitalIssuedThroughPrivatePlacementShares_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_zpP2gYTyouGi" style="text-align: right" title="Share capital issued through private placement (net of issue costs), shares">8,936,167</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--ShareCapitalIssuedThroughPrivatePlacement_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_zmiMx6VaC9w5" style="text-align: right" title="Share capital issued through private placement (net of issue costs)">20,852,872</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--ShareCapitalIssuedThroughPrivatePlacementShares_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_z61gC9XJZUNa" style="text-align: right" title="Share capital issued through private placement (net of issue costs), shares"><span style="-sec-ix-hidden: xdx2ixbrl1114">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--ShareCapitalIssuedThroughPrivatePlacement_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zkj9I5X5lKs" style="text-align: right" title="Share capital issued through private placement (net of issue costs)"><span style="-sec-ix-hidden: xdx2ixbrl1116">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Cancel PNRC shares held by NAN</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--CancellationOfRelatedPartySharesHeldBySubsidiary_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_zSazvw3OiUr4" style="text-align: right" title="Cancel PNRC shares held by NAN, Shares">(7,667,707</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--CancellationOfRelatedPartySharesHeldBySubsidiaryAmount_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_zTZm48ikhE31" style="text-align: right" title="Cancel PNRC shares held by NAN"><span style="-sec-ix-hidden: xdx2ixbrl1120">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--CancellationOfRelatedPartySharesHeldBySubsidiary_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zNm4GRqAWqba" style="text-align: right" title="Cancel PNRC shares held by NAN, Shares"><span style="-sec-ix-hidden: xdx2ixbrl1122">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--CancellationOfRelatedPartySharesHeldBySubsidiaryAmount_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zI4s3Tc39jPc" style="text-align: right" title="Cancel PNRC shares held by NAN">(19,710,608</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Shares exchanged on the RTO</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--SharesExchangedOnReverseTakeoverTransaction_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_ztWCKU2Gtbfg" style="text-align: right" title="Shares exchanged on the RTO, Shares">(77,948,368</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--ShareValueExchangedOnReverseTakeoverTransaction_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_z8HhH3K6vx38" style="text-align: right" title="Shares exchanged on the RTO">(28,805,547</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--SharesExchangedOnReverseTakeoverTransaction_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_z594ONCafcZc" style="text-align: right" title="Shares exchanged on the RTO, Shares">82,157,536</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_ecustom--ShareValueExchangedOnReverseTakeoverTransaction_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zMsEHd8rZVZd" style="text-align: right" title="Shares exchanged on the RTO">28,805,547</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Share capital of the Company immediately post RTO</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--SharesOfTheCompanyImmediatelyPostReverseTakeoverTransaction_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_z23BapdvWQ9e" style="text-align: right" title="Share capital of the company immediately post RTO, Shares">31,748,399</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--ShareCapitalOfTheCompanyImmediatelyPostReverseTakeoverTransaction_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zXiqceRduFV2" style="text-align: right" title="Share capital of the company immediately post RTO">77,431,152</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Shares issued for exercised warrants</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--SharesIssuedForExercisedWarrants_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zNMhwdTSDCjd" style="text-align: right" title="Shares issued for exercised warrants, Shares">1,236,408</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--IssuedValueForExercisedWarrants_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_z7c0p5LtrEjf" style="text-align: right" title="Shares issued for exercised warrants">2,890,913</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Shares issued for exercised options</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98D_ecustom--SharesIssuedForExercisedOptions_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zGoObcErPX23" style="border-bottom: Black 1.5pt solid; text-align: right" title="Shares issued for exercised options, Shares">1,379,000</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_985_ecustom--IssuedValueForExercisedOptions_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zSjYw4bwmblf" style="border-bottom: Black 1.5pt solid; text-align: right" title="Shares issued for exercised options">1,727,264</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Balance as at December 31, 2022</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98A_eifrs-full--NumberOfSharesOutstanding_iE_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_za6AZUe8jPGf" style="border-bottom: Black 2.5pt double; text-align: right" title="Shares outstanding, ending"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl1146">-</span></span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"><b>$</b></td><td id="xdx_988_eifrs-full--Equity_iE_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_zzR9swnCTs9d" style="border-bottom: Black 2.5pt double; text-align: right" title="Shares capital, ending"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl1148">-</span></span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_98C_eifrs-full--NumberOfSharesOutstanding_iE_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zxr4gMJ31Jpf" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Shares outstanding, ending">116,521,343</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_98A_eifrs-full--Equity_iE_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_z7qiudAZyznf" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Shares capital, ending">91,144,268</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8A2_zlhpsFCkphXk" style="margin-top: 0; margin-bottom: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #767070"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #767070"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021</span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Expressed in Canadian dollars)</span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2022</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.15in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In April 2022, the Company completed a non-brokered private placement of <span id="xdx_905_ecustom--ShareCapitalIssuedThroughPrivatePlacementShares_c20220401__20220430__ifrs-full--ClassesOfShareCapitalAxis__custom--PrivatePlacementsMember_zxNUQ6nFtoja" title="Issuance of subscription receipts units">8,936,167</span> shares at a price of US$<span id="xdx_90C_eifrs-full--ParValuePerShare_iI_uUSDPShares_c20220430__ifrs-full--ClassesOfShareCapitalAxis__custom--PrivatePlacementsMember_z78DSXZp8vI9" title="Subscription Receipts price per share">2.00</span>/Share for gross proceeds of $<span id="xdx_901_eifrs-full--ProceedsFromIssuingShares_c20220401__20220430__ifrs-full--ClassesOfShareCapitalAxis__custom--PrivatePlacementsMember_zXBsslo4E1x7" title="Gross proceeds">22,388,599</span> (US$<span id="xdx_903_eifrs-full--ProceedsFromIssuingShares_uUSD_c20220401__20220430__ifrs-full--ClassesOfShareCapitalAxis__custom--PrivatePlacementsMember_zdj3kMwAdgV5" title="Gross proceeds">17,731,238</span>). In connection with the private placement, the Company has paid to eligible finders (“Finders”) (i) cash commission equal to <span id="xdx_90B_ecustom--CashCommissionPercentage_iI_c20220430__ifrs-full--ClassesOfShareCapitalAxis__custom--PrivatePlacementsMember_ziu2htjLjSni" title="Commision percentage">6%</span> of the gross proceeds raised from subscribers introduced to the Company by such Finders, being an aggregate of $<span id="xdx_904_eifrs-full--OtherFeeAndCommissionIncome_c20220401__20220430__ifrs-full--ClassesOfShareCapitalAxis__custom--PrivatePlacementsMember_zoWXNDxnHqBd" title="Cash commission">1,535,727</span>, and (ii) a number of common share equal to <span id="xdx_907_ecustom--CashCommissionPercentage_iI_c20220430__ifrs-full--ClassesOfShareCapitalAxis__custom--PrivatePlacementsMember__srt--TitleOfIndividualAxis__custom--FinderMember_zVzJdVpTMenf" title="Commision percentage">6%</span> of the units attributable to the Finders under the private placement, being an aggregate of <span id="xdx_904_eifrs-full--NumberOfSharesIssued_iI_c20220430__ifrs-full--ClassesOfShareCapitalAxis__custom--PrivatePlacementsMember__srt--TitleOfIndividualAxis__custom--FinderMember_zOnZ6tUVzjuj" title="Aggregate gross proceeds">70,548</span> shares with total value of $<span id="xdx_90B_eifrs-full--IssueOfEquity_c20220401__20220430__ifrs-full--ClassesOfShareCapitalAxis__custom--PrivatePlacementsMember__srt--TitleOfIndividualAxis__custom--FinderMember_zCW0qOK68Hgd" title="Value of shares issued">176,398</span> at the offer price of the private placement.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.15in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On August 3, 2022, the date of the RTO, a total of <span id="xdx_90B_ecustom--SharesExchangedOnReverseTakeoverTransaction_pid_c20220803__20220803__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_z49sohXzyBL3" title="Shares exchanged on the RTO, Shares">82,157,536</span> common shares of NAN were issued in exchange for <span id="xdx_904_ecustom--SharesExchangedOnReverseTakeoverTransaction_pid_c20220803__20220803__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_zX7ztH89L4D5" title="Shares exchanged on the RTO, Shares">77,948,368</span> shares of PNRC. These shares were added to the current NAN shares outstanding balance of <span id="xdx_901_ecustom--SharesOfTheCompanyImmediatelyPostReverseTakeoverTransaction_c20220803__20220803__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_z0ouTTif2qJg" title="Share capital of the company immediately post RTO, Shares">31,748,399</span> for total shares outstanding of <span id="xdx_903_ecustom--SharesOfTheCompanyImmediatelyPostReverseTakeoverTransaction_c20220803__20220803_zY12lqRnIvQj" title="Share capital of the company immediately post RTO, Shares">113,905,935</span> upon closing of the RTO.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.15in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Before the closing of the RTO, NAN owned <span id="xdx_905_ecustom--CancellationOfRelatedPartySharesHeldBySubsidiary_c20220803__20220803__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_ziePp0Xi8Cp6" title="Cancel PNRC shares held by NAN, Shares">7,667,707</span> common shares of PNRC and a <span id="xdx_902_ecustom--PercentageForWarrantsPurchaseCommonStock_pid_dp_uPure_c20220803__20220803__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zzHtz8XknGpd" title="Percentage for warrants purchase common stock">15</span>% warrant which entitled NAN to purchase common shares of PNRC, for up to <span id="xdx_90A_ecustom--PercentageForWarrantsPurchaseCommonStock_pid_dp_uPure_c20220803__20220803__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_zc84KMssvRqb" title="Percentage for warrants purchase common stock">15</span>% of the capital of PNRC at the time of such purchase, upon payment of US $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_904_ecustom--CapitalToBeIssued_iI_c20220803__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_zyJMK7BSp1Kk" title="Capital to be issued">10,000,000</span> prior to the fifth anniversary of the date of issue. Prior to the date that the Amalgamation became effective, the PNRC shares and the <span id="xdx_904_ecustom--PercentageForWarrantsPurchaseCommonStock_pid_dp_uPure_c20220803__20220803__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zngr5mxwqCO1" title="Percentage for warrants purchase common stock">15</span>% warrant held by NAN were contributed to NAN Subco, as part of the securities contribution, resulting in such securities being cancelled by operation of the triangular amalgamation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.15in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prior to the RTO, the fair value of the <span id="xdx_90F_ecustom--PercentageForWarrantsPurchaseCommonStock_pid_dp_uPure_c20220803__20220803__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zXYdJdZXUjt" title="Percentage for warrants purchase common stock">15</span>% warrant and the shares held by NAN were $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90A_ecustom--FairValueOfWarrants_iI_c20220803__dei--LegalEntityAxis__custom--NorthAmericanNickelIncMember_zTqgaXxvpds9" title="Fair value of warrants">28,275,255</span> and $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90C_ecustom--FairValueOfShares_iI_c20220803__dei--LegalEntityAxis__custom--NorthAmericanNickelIncMember_zUaxDyJHbvdg" title="Fair value of shares">19,710,608</span>, respectively. The fair value of the shares was calculated based on the last offer price of PNRC financing prior to the RTO, the fair value of the <span id="xdx_903_ecustom--PercentageForWarrantsPurchaseCommonStock_pid_dp_uPure_c20220803__20220803__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_z5sZAL2nlM3h" title="Percentage for warrants purchase common stock">15</span>% warrant was calculated using the Black-Sholes Model with the <i>the following assumptions: expected life of <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_906_ecustom--ExpectedLifeOfShares_dtY_c20220803__20220803_zI65VIvIbP3e" title="Expected life of shares">2.57</span> years, expected dividend yield of<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90B_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_c20220803__20220803_zCDVumfajQEb" title="Expected dividend yield"> 0</span>%, a risk free rate of <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_902_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_c20220803__20220803_zigyyiodLgUg" title="Risk free interest rate">3.14</span>% and an expected volatility of <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_90C_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_c20220803__20220803_zzv2G6OOqim6" title="Expected volatility rate">141.63</span>%</i>. As the securities were contributed by NAN and cancelled on completion of the RTO, the fair value was included as part of the consideration on the acquisition date.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.15in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Post RTO, during the period from August 3 to December 31, 2022, a total of <span id="xdx_901_ecustom--NumberOfShareWarrantOutstanding_c20220802__20221231__srt--ConsolidationItemsAxis__custom--ReverseTakeoverTransactionMember_zewEKPyJB2mf" title="Post RTO Shares outstanding">1,236,408</span> common shares of the Company were issued upon the exercise of warrants at prices between $<span id="xdx_908_eifrs-full--ExercisePriceShareOptionsGranted2019_c20220802__20221231__srt--ConsolidationItemsAxis__custom--ReverseTakeoverTransactionMember__ifrs-full--ComponentsOfEquityAxis__ifrs-full--WarrantReserveMember__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_ztRwjxNGMxv7" title="Post RTO Share excercise price">0.45</span> and $<span id="xdx_90A_ecustom--OrdinarySharesOutstanding_c20220802__20221231__srt--ConsolidationItemsAxis__custom--ReverseTakeoverTransactionMember__ifrs-full--ComponentsOfEquityAxis__ifrs-full--WarrantReserveMember__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_z0H6yCkc3u2i" title="Post RTO Share excercise price">1.75</span> per share for total cash proceeds of $<span id="xdx_907_ecustom--ProceedsFromIssuingWarrants_c20220802__20221231__srt--ConsolidationItemsAxis__custom--ReverseTakeoverTransactionMember_zCNdPVLWWCv7" title="Post RTO warrants outstanding">569,399</span>. As a result of these exercises, $<span id="xdx_90F_eifrs-full--CapitalReserve_iI_c20221231__srt--ConsolidationItemsAxis__custom--ReverseTakeoverTransactionMember_zZTKr7T4Sj09" title="Share capital">2,880,376</span> was transferred from reserve to share capital.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.15in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Post RTO, during the period from August 3 to December 31, 2022, a total of <span id="xdx_90E_ecustom--OrdinaryStockOptionsOutstanding_c20220802__20221231__srt--ConsolidationItemsAxis__custom--ReverseTakeoverTransactionMember_zqDIvikX1V03" title="Post RTO Shares outstanding">1,379,000</span> common shares of the Company were issued upon the exercise of options at prices between $<span id="xdx_900_eifrs-full--ExercisePriceShareOptionsGranted2019_c20220802__20221231__srt--ConsolidationItemsAxis__custom--ReverseTakeoverTransactionMember__ifrs-full--ComponentsOfEquityAxis__custom--OptionsMember__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zq8rJ43kwJL" title="Post RTO Share excercise price">0.39</span> and $<span id="xdx_900_ecustom--OrdinarySharesOutstanding_c20220802__20221231__srt--ConsolidationItemsAxis__custom--ReverseTakeoverTransactionMember__ifrs-full--ComponentsOfEquityAxis__custom--OptionsMember__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zMuFvW0Bpnf3" title="Post RTO Share excercise price">1.60</span> per share for total cash proceeds of $<span id="xdx_90D_ecustom--ProceedsFromIssuingShareOptions_c20220802__20221231__srt--ConsolidationItemsAxis__custom--ReverseTakeoverTransactionMember_zcETZNsSkR4j" title="Post RTO Share option outstanding">723,076</span>. As a result of these exercises, $<span id="xdx_90C_ecustom--CapitalReserveFromOptions_iI_c20221231__srt--ConsolidationItemsAxis__custom--ReverseTakeoverTransactionMember_z2G5jA3TZ512" title="Share capital">1,004,188</span> was transferred from reserve to share capital.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.15in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As at December 31, 2022, the Company had <span id="xdx_90D_eifrs-full--NumberOfSharesIssued_iI_c20221231__ifrs-full--ComponentsOfEquityAxis__ifrs-full--OrdinarySharesMember_zRxXMTzr8Sgl" title="Shares issued"><span id="xdx_908_eifrs-full--NumberOfSharesOutstanding_iI_c20221231__ifrs-full--ComponentsOfEquityAxis__ifrs-full--OrdinarySharesMember_zCdfXMSqFGP" title="Shares outstanding">116,521,343</span></span> common shares issued and outstanding (December 31, 2021 – <span id="xdx_90B_eifrs-full--NumberOfSharesIssued_iI_c20211231__srt--ConsolidationItemsAxis__custom--ReverseTakeoverTransactionMember_zYKfPNJGw96" title="Shares issued"><span id="xdx_90D_eifrs-full--NumberOfSharesOutstanding_iI_c20211231__srt--ConsolidationItemsAxis__custom--ReverseTakeoverTransactionMember_zlRCRwmUOgU2" title="Shares outstanding">80,820,623</span></span> on a post-RTO and post -consolidation basis).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.15in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2021</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.15in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the year 2021, the Company closed two non-broker private placement equity financings totalling <span id="xdx_900_ecustom--ShareCapitalIssuedThroughPrivatePlacementShares_c20210101__20211231__srt--ConsolidationItemsAxis__custom--PreReverseTakeoverTransactionAndPostConsolidationBasisMember__srt--TitleOfIndividualAxis__custom--TwoNonBrokerMember_z8MYO28DMssa" title="Number of private placement equity">12,596,421</span> shares (pre-RTO, pre-share-consolidation basis) at a price of $<span id="xdx_90F_eifrs-full--ParValuePerShare_iI_c20211231__srt--ConsolidationItemsAxis__custom--PreReverseTakeoverTransactionAndPostConsolidationBasisMember__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember__srt--TitleOfIndividualAxis__custom--TwoNonBrokerMember_zHqhDj3UFbjf" title="Price per share">0.40</span> and $<span id="xdx_904_eifrs-full--ParValuePerShare_iI_c20211231__srt--ConsolidationItemsAxis__custom--PreReverseTakeoverTransactionAndPostConsolidationBasisMember__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember__srt--TitleOfIndividualAxis__custom--TwoNonBrokerMember_zVPhFlHIIGU" title="Price per share">0.95</span>, respectively, and raised aggregate gross proceeds of $<span id="xdx_905_eifrs-full--ProceedsFromIssuingShares_c20210101__20211231__srt--ConsolidationItemsAxis__custom--PreReverseTakeoverTransactionAndPostConsolidationBasisMember__srt--TitleOfIndividualAxis__custom--TwoNonBrokerMember_zDJXAJcFiJZf" title="Gross proceeds">6,771,729</span>. The Company incurred total share issuance costs of $<span id="xdx_908_eifrs-full--ShareIssueRelatedCost_c20210101__20211231__srt--ConsolidationItemsAxis__custom--PreReverseTakeoverTransactionAndPostConsolidationBasisMember__srt--TitleOfIndividualAxis__custom--TwoNonBrokerMember_z30yZiiCFW0h" title="Issuance cost">287,228</span>, including the fair value of $<span id="xdx_90A_ecustom--SharesFairValue_c20210101__20211231__srt--ConsolidationItemsAxis__custom--PreReverseTakeoverTransactionAndPostConsolidationBasisMember__srt--TitleOfIndividualAxis__custom--TwoNonBrokerMember_zDWJvNbrLpei" title="Shares fair value price">7,000</span> for <span id="xdx_909_ecustom--SharesIssuedAtFairValue_c20210101__20211231__srt--ConsolidationItemsAxis__custom--PreReverseTakeoverTransactionAndPostConsolidationBasisMember__srt--TitleOfIndividualAxis__custom--TwoNonBrokerMember_zVxl6iCCGB72" title="Shares issued at fair value">17,000</span> shares issued to the agent in conjunction with the first private placement.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.15in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As at December 31, 2021, the Company had <span id="xdx_902_eifrs-full--NumberOfSharesIssued_iI_c20211231__srt--ConsolidationItemsAxis__custom--PreReverseTakeoverTransactionAndPostConsolidationBasisMember_zkCy9XMEvKR6" title="Shares issued"><span id="xdx_901_eifrs-full--NumberOfSharesOutstanding_iI_c20211231__srt--ConsolidationItemsAxis__custom--PreReverseTakeoverTransactionAndPostConsolidationBasisMember_zBoFpnb1LuF7" title="Shares outstanding">76,679,908</span></span> common shares issued and outstanding (pre-RTO, pre-share-consolidation basis).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.15in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>b) Preferred shares issued and outstanding</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.75pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As at December 31, 2022 and December 31, 2021 there are <span id="xdx_90E_eifrs-full--NumberOfSharesIssued_iI_c20221231__ifrs-full--ClassesOfShareCapitalAxis__custom--SeriesOneConvertiblePreferredSharesMember__srt--ConsolidationItemsAxis__custom--PreReverseTakeoverTransactionAndPostConsolidationBasisMember_zDqkznYWcnF2" title="Number of shares issued"><span id="xdx_901_eifrs-full--NumberOfSharesIssued_iI_c20211231__ifrs-full--ClassesOfShareCapitalAxis__custom--SeriesOneConvertiblePreferredSharesMember__srt--ConsolidationItemsAxis__custom--PreReverseTakeoverTransactionAndPostConsolidationBasisMember_z7WWUanqA3G1" title="Number of shares issued">118,186</span></span> series 1 preferred shares outstanding (on a post-RTO and post-consolidation basis).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.15in 0pt 0.4in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.15in 0pt 0.4in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.15in 0pt 0.4in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.15in 0pt 0.4in; text-align: justify"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021</span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Expressed in Canadian dollars)</span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The rights and restrictions of the preferred shares are as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.4in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <br/></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif">i)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">dividends shall be paid at the discretion of the directors;</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"/><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ii)</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">the holders of the preferred shares are not entitled to vote except at meetings of the holders of the preferred shares, where they are entitled to one vote for each preferred share held;</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"/><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">iii)</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">the shares are convertible at any time after six months from the date of issuance, upon the holder serving the Company with 10 days written notice; and</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"/><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">iv)</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">the number of the common shares to be received on conversion of each preferred share is to be determined by dividing the conversion value of the share, $<span id="xdx_902_ecustom--ShareConversionPrice_c20210101__20211231_zePG40MTpfk3" title="Conversion price">1</span> per share, by $<span id="xdx_90C_ecustom--ShareConversionPrice1_c20210101__20211231_zOVfl9ZUbj57" title="Conversion price">9.00</span>.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.15in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>c) Warrants</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.15in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On February 26, 2021, PNRC issued NAN a non-transferable share purchase warrant (the “<b>Warrant</b>”), which entitled NAN to purchase common shares of PNRC for up to <span id="xdx_909_ecustom--PercentageForWarrantsPurchaseCommonStock_pid_dp_uPure_c20220225__20220226__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_zOc6FGnPINB8" title="Percentage for warrants purchase common stock">15</span>% of the then outstanding capital of PNRC, upon payment of US $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNVTU1BUlkgT0YgQ09TVCBPRiBBQ1FVSVNJVElPTiAoRGV0YWlscykgKFBhcmVudGhldGljYWwpAA__" id="xdx_901_ecustom--CapitalToBeIssued_iI_c20220226__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_z4dnxzSCulhh" title="Capital to be issued">10,000,000</span> prior to the fifth anniversary of the date of issue.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.15in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Warrant was classified as a derivative financial liability that should be measured at fair value, with changes in value recorded in profit or loss. Prior to the RTO, on Jun 30, 2022, the Company reassessed the fair value of the warrant at $<span id="xdx_903_eifrs-full--NoncurrentWarrantLiability_iI_c20220630__srt--ConsolidationItemsAxis__custom--ReverseTakeoverTransactionMember_zKbU6Pawpdpl" title="Fair value of warrants">28,275,256</span> and recorded the amount as a long-term financial liability. The fair value of the warrant did not change up to the date of the RTO as the underline assumptions remained the same.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.15in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_894_eifrs-full--DisclosureOfIndirectMeasurementOfFairValueOfGoodsOrServicesReceivedShareOptionsGrantedDuringPeriodExplanatory_hifrs-full--ComponentsOfEquityAxis__ifrs-full--WarrantReserveMember_zK3hAtv6hcx5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The fair value of the liability of the Warrant was estimated using the Black-Scholes Option Pricing Model with the following assumptions:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.15in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8BB_zzkbxqsE9Cfi" style="display: none">SCHEDULE OF INPUTS TO OPTION PRICING MODEL</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">December 31, 2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">December 31, 2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Expected dividend yield</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_uPure_c20220101__20221231__ifrs-full--ComponentsOfEquityAxis__ifrs-full--WarrantReserveMember_zKKR5WZZieWf" style="width: 16%; text-align: right" title="Expected dividend yield">0</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_985_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_uPure_c20210101__20211231__ifrs-full--ComponentsOfEquityAxis__ifrs-full--WarrantReserveMember_zbRutrXyLS16" style="width: 16%; text-align: right" title="Expected dividend yield">0</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Latest private placement price</td><td> </td> <td style="text-align: left">$</td><td id="xdx_982_ecustom--LatestPrivatePlacementPrice_iI_c20221231__ifrs-full--ComponentsOfEquityAxis__ifrs-full--WarrantReserveMember_zK9B3c2IhSBj" style="text-align: right" title="Latest private placement price">2.49</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_987_ecustom--LatestPrivatePlacementPrice_iI_c20211231__ifrs-full--ComponentsOfEquityAxis__ifrs-full--WarrantReserveMember_zrbGDjHaojHk" style="text-align: right" title="Latest private placement price">0.95</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Expected share price volatility</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_uPure_c20220101__20221231__ifrs-full--ComponentsOfEquityAxis__ifrs-full--WarrantReserveMember_z1IvzpPGd1th" style="text-align: right" title="Expected share price volatility">141.63</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_pid_dp_uPure_c20210101__20211231__ifrs-full--ComponentsOfEquityAxis__ifrs-full--WarrantReserveMember_zpO6tSSiUv2l" style="text-align: right" title="Expected share price volatility">144.13</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Risk free interest rate</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_uPure_c20220101__20221231__ifrs-full--ComponentsOfEquityAxis__ifrs-full--WarrantReserveMember_zquuP7VeCvHi" style="text-align: right" title="Risk free interest rate">3.14</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_pid_dp_uPure_c20210101__20211231__ifrs-full--ComponentsOfEquityAxis__ifrs-full--WarrantReserveMember_zfmeWJY8i2yh" style="text-align: right" title="Risk free interest rate">1.02</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Remaining life of warrants</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_903_ecustom--ExpectedLifeOfOptionsGranted_dtY_c20220101__20221231__ifrs-full--ComponentsOfEquityAxis__ifrs-full--WarrantReserveMember_zov6zIdCVNK8">2.66</span> years</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_903_ecustom--ExpectedLifeOfOptionsGranted_dtY_c20210101__20211231__ifrs-full--ComponentsOfEquityAxis__ifrs-full--WarrantReserveMember_zjTkWk42Ct28">3.16</span> years</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8A7_zdLpprAyhLDb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.75pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Volatility assumptions for the valuation of the Warrant were derived by reference to the volatility of NAN as the stock price of NAN was highly correlated to the advancement of the BCL assets acquisition following its investment in PNRC.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prior to the date that the Amalgamation became effective, the PNR Shares and the Warrant held by NAN were contributed to NAN Subco, as part of the securities contribution, resulting in such securities being cancelled by operation of the triangular amalgamation. The fair value of the Warrant was written off upon the closing of the RTO. PNRC had no other issued and outstanding warrants prior to the RTO.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.15in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_891_eifrs-full--DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory_zrVIAvxWzLb4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Warrant activity, after converting for the Exchange Ratio, for the year ended December 31, 2022 was as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.15in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B3_zmI3zkvXdE95" style="display: none">SCHEDULE OF WARRANT ACTIVITY AFTER CONVERTING FOR EXCHANGE RATIO</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; font-weight: bold">Premium Nickel Resources Ltd.</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Number Outstanding <br/> (Post-consolidation basis)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Weighted Average <br/> Exercise Price ($)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>December 31, 2021</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--NumberOfWarrantsOutstanding_iS_pid_uShares_c20220101__20221231__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zlbgBkui2iS2" style="text-align: right" title="Issued"><span style="-sec-ix-hidden: xdx2ixbrl1288">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--WeightedAverageExercisePriceOfWarrantsOutstanding_iS_pid_c20220101__20221231__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_z9k26G6xdGga" style="text-align: right" title="Weighted Average Exercise Price, Outstanding at beginning of year"><span style="-sec-ix-hidden: xdx2ixbrl1290">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Adjustment pursuant to the</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%">RTO</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98B_ecustom--NumberOfWarrantsReverseTakeoverTransaction_iS_pid_uShares_c20220101__20221231__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_z3yxsviTSVhi" style="width: 16%; text-align: right" title="RTO">2,228,340</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_980_ecustom--ReverseTakeoverTransaction_iI_pid_c20220101__20221231__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_z9yyW3PNTCOl" style="width: 16%; text-align: right" title="Weighted Average Exercise Price, issued">1.11</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Issued</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--NumberOfWarrantsIssued_pid_uShares_c20220101__20221231__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zhyXRIGKXnSe" style="text-align: right" title="Issued">119,229</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--WeightedAverageExercisePriceOfWarrantsIssued_pid_c20220101__20221231__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zClGqwcoUas8" style="text-align: right" title="Weighted Average Exercise Price, issued">2.04</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Exercised</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--NumberOfWarrantsExercised_iN_pid_di_uShares_c20220101__20221231__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_z5WXxNFOzVk1" style="text-align: right" title="Exercised">(1,236,408</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--WeightedAverageExercisePriceOfWarrantsExercised_pid_c20220101__20221231__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zou6yjNUK8E8" style="text-align: right" title="Weighted Average Exercise Price, exercised">0.46</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Cancelled / expired</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98F_ecustom--NumberOfWarrantsCancelledOrExpired_iN_pid_di_uShares_c20220101__20221231__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zIRAQ1aN29T9" style="border-bottom: Black 1.5pt solid; text-align: right" title="Cancelled\expired">(12,375</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_989_ecustom--WeightedAverageExercisePriceOfWarrantsCancelledOrExpired_pid_c20220101__20221231__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zfqNsF2sN7md" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted Average Exercise Price, Cancelled / expired"><span style="-sec-ix-hidden: xdx2ixbrl1306">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt">Balance as at December 31, 2022</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_987_ecustom--NumberOfWarrantsOutstanding_iE_pid_uShares_c20220101__20221231__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zeCDo7nofQW5" style="border-bottom: Black 1.5pt solid; text-align: right" title="Outstanding at End of year">1,098,786</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_987_ecustom--WeightedAverageExercisePriceOfWarrantsOutstanding_iE_pid_c20220101__20221231__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zoYuuILqc1Gj" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted Average Exercise Price, Outstanding at end of year">1.96</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8A2_zgp7JgzEqLcl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.75pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">PNRC had no warrants as at December 31, 2021 except the Warrant granted to NAN that was subsequently cancelled upon the RTO.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.75pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.75pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><br/> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.75pt; text-align: justify"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021</span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Expressed in Canadian dollars)</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.75pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.75pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p id="xdx_896_ecustom--DisclosureOfNumberAndWeightedAverageRemainingContractualLifeOfOutstandingWarrantsExplanatory_zIx5uqkhrFIj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">At December 31, 2022, the Company had outstanding common share purchase warrants exercisable to acquire common shares of the Company as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.15in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span><span id="xdx_8BF_zcdpZ3NkLyu" style="display: none">SCHEDULE OF NUMBER AND WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE OF OUTSTANDING WARRANTS</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%"> <tr style="vertical-align: bottom"> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Warrants Outstanding</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Expiry Date</td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Exercise Price</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>($)</b></span></p></td><td style="padding-bottom: 1.5pt"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Weighted Average remaining contractual life (years)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 1%; text-align: left"> </td><td id="xdx_980_ecustom--NumberOfWarrantsOutstanding_iI_c20221231__custom--TypesOfWarrantsAxis__custom--WarrantsExpiringAprilSixteenTwoThousandTwentyThreeMember_z0oCE9GEJEke" style="width: 22%; text-align: right" title="Warrants outstanding">683,905</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 24%; text-align: right">April 16, 2023</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98A_ecustom--ExercisePriceOfWarrant_iI_pid_c20221231__custom--TypesOfWarrantsAxis__custom--WarrantsExpiringAprilSixteenTwoThousandTwentyThreeMember_zZdrslB1KGbf" style="width: 16%; text-align: right" title="Exercise price">1.75</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_ecustom--WeightedAverageRemainingContractualLifeOfOutstandingWarrant_pid_dtY_c20220101__20221231__custom--TypesOfWarrantsAxis__custom--WarrantsExpiringAprilSixteenTwoThousandTwentyThreeMember_zh2Pbunf5t66" style="width: 26%; text-align: right" title="Weighted Average remaining contractual life (years)">0.18</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td id="xdx_989_ecustom--NumberOfWarrantsOutstanding_iI_c20221231__custom--TypesOfWarrantsAxis__custom--WarrantsExpiringAugustThreeTwoThousandTwentyFourMember_zouLKTREwsP9" style="text-align: right" title="Warrants outstanding">295,652</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right">August 3, 2024</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--ExercisePriceOfWarrant_iI_c20221231__custom--TypesOfWarrantsAxis__custom--WarrantsExpiringAugustThreeTwoThousandTwentyFourMember_zKlX1QSOVOE7" style="text-align: right" title="Exercise price">2.40</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--WeightedAverageRemainingContractualLifeOfOutstandingWarrant_dtY_c20220101__20221231__custom--TypesOfWarrantsAxis__custom--WarrantsExpiringAugustThreeTwoThousandTwentyFourMember_zZpNuT2iQo4l" style="text-align: right" title="Weighted Average remaining contractual life (years)">0.43</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98F_ecustom--NumberOfWarrantsOutstanding_iI_c20221231__custom--TypesOfWarrantsAxis__custom--WarrantsExpiringNovemberTwentyFiveTwoThousandTwentyThreeMember_zm0ONwAavFJ3" style="border-bottom: Black 1.5pt solid; text-align: right" title="Warrants outstanding">119,229</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="text-align: right; padding-bottom: 1.5pt">November 25, 2023</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_983_ecustom--ExercisePriceOfWarrant_iI_c20221231__custom--TypesOfWarrantsAxis__custom--WarrantsExpiringNovemberTwentyFiveTwoThousandTwentyThreeMember_zninR1OguNBc" style="border-bottom: Black 1.5pt solid; text-align: right" title="Exercise price">2.04</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98E_ecustom--WeightedAverageRemainingContractualLifeOfOutstandingWarrant_dtY_c20220101__20221231__custom--TypesOfWarrantsAxis__custom--WarrantsExpiringNovemberTwentyFiveTwoThousandTwentyThreeMember_zs0Co5Mb2uAd" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted Average remaining contractual life (years)">0.10</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_983_ecustom--NumberOfWarrantsOutstanding_iI_c20221231_zCtY796442a8" style="border-bottom: Black 1.5pt solid; text-align: right" title="Warrants outstanding">1,098,786</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_983_ecustom--WeightedAverageRemainingContractualLifeOfOutstandingWarrant_dtY_c20220101__20221231_zqrmi5lfspwb" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted Average remaining contractual life (years)">0.71</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8A4_zqMde3IFFO9c" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.45pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>d) Stock options</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company adopted a Stock Option Plan (the “<b>Plan</b>”), providing the authority to grant options to directors, officers, employees and consultants enabling them to acquire up to <span id="xdx_908_ecustom--PercentageForIssuedAndOutstanding_dp_uPure_c20220101__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember_zMIIXKrufmEi" title="Percentage for issued and outstanding">20</span>% of the issued and outstanding common shares of the Company. Under the Plan, the exercise price of each option typically equals to the last closing price per share on the trading day immediately preceding the day on which the Company announces the grant of the option, less applicable discount, if any, permitted by the policies of the Exchanges and approved by the Board. The options can be granted for a maximum term of five years.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_890_eifrs-full--DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory_zpEgzdWF8IZ" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The outstanding options of each company prior to the completion of the RTO were as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B4_z7kDoVMOsIGb" style="display: none">SCHEDULE OF NUMBER AND WEIGHTED AVERAGE EXERCISE PRICES OF SHARE OPTIONS</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; font-weight: bold">North American Nickel</td><td> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Number Outstanding</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(post-consolidation basis)</b></span></p></td><td> </td><td> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Weighted Average</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Exercise Price ($)</b></span></p></td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%">December 31, 2021</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_eifrs-full--NumberOfOutstandingShareOptions_iS_pid_uShares_c20220101__20220803__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PriorConsolidationBasisMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zmUaegmXX31d" style="width: 16%; text-align: right" title="Outstanding, beginning of year">3,010,919</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_ecustom--WeightedAverageExercisePriceOutstandingAtBeginningOfYear_pid_c20220101__20220803__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PriorConsolidationBasisMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zH2G3lhnvfTf" style="width: 16%; text-align: right" title="Weighted Average Exercise Price, Outstanding at beginning of year">1.35</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Cancelled/expired</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98B_ecustom--NumberOfShareOptionsCancelledOrExpiredInShareBasedPaymentArrangement_pid_uShares_c20220101__20220803__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PriorConsolidationBasisMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_z5wKdi0ib95b" style="border-bottom: Black 1.5pt solid; text-align: right" title="Cancelled/expired">(15,125</td><td style="text-align: left">)</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_986_ecustom--WeightedAverageExercisePriceCancelledExpired_pid_c20220101__20220803__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PriorConsolidationBasisMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zdt0EpMpJCp8" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted Average Exercise Price, Cancelled/expired">6.00</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Balance as at August 3, 2022 prior to business combination with PNRC</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_98D_eifrs-full--NumberOfOutstandingShareOptions_iE_pid_uShares_c20220101__20220803__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PriorConsolidationBasisMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zu79iqm0jRMc" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Outstanding, End of year">2,995,794</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_987_ecustom--WeightedAverageExercisePriceOutstandingAtEndOfYear_pid_c20220101__20220803__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PriorConsolidationBasisMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_z5PmFc0kWpDf" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Weighted Average Exercise Price, Outstanding at end of year">1.33</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; width: 60%">Premium Nickel Resources Corp.</td><td style="font-weight: bold; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left; width: 1%"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right; width: 16%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Number Outstanding</b></span></td><td style="font-weight: bold; text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; width: 1%"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; width: 16%"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Weighted Average</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Exercise Price ($)</b></span></p></td><td style="text-align: left; width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>December 31, 2021</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--NumberOfOutstandingShareOptions_iS_pid_uShares_c20220101__20220803__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PriorConsolidationBasisMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_zNshPfK5NbHh" style="text-align: right" title="Outstanding, beginning of year">5,775,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--WeightedAverageExercisePriceOutstandingAtBeginningOfYear_pid_c20220101__20220803__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PriorConsolidationBasisMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_z0eqk2k6fCrk" style="text-align: right" title="Weighted Average Exercise Price, Outstanding at beginning of year">0.52</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Granted</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_988_eifrs-full--NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_pid_uShares_c20220101__20220803__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PriorConsolidationBasisMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_z80DPhfR14Ak" style="border-bottom: Black 1.5pt solid; text-align: right" title="Issued">2,600,000</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_981_ecustom--WeightedAverageGrantedSharesExercisePrice_pid_c20220101__20220803__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PriorConsolidationBasisMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_zIUDLItsLK2c" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted Average Exercise Price, Issued">2.49</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Balance as at August 3, 2022 prior to business combination with NAN</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_98C_eifrs-full--NumberOfOutstandingShareOptions_iE_pid_uShares_c20220101__20220803__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PriorConsolidationBasisMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_zzGwaExdIrlk" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Outstanding, End of year">8,375,000</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_989_ecustom--WeightedAverageExercisePriceOutstandingAtEndOfYear_pid_c20220101__20220803__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PriorConsolidationBasisMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_zFPS0aN83kXl" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Weighted Average Exercise Price,End of year">1.13</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Subsequent to the RTO, the outstanding options of the Company were as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; font-weight: bold">Premium Nickel Resources Ltd.</td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Number Outstanding</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Weighted Average</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Exercise Price ($)</b></span></p></td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Balance as at August 3, 2022 prior to business combination with PNRC</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_eifrs-full--NumberOfOutstandingShareOptions_iS_pid_uShares_c20220804__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zLLX3xKL0cif" style="width: 16%; text-align: right" title="Outstanding, beginning of year">2,995,794</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_ecustom--WeightedAverageExercisePriceOutstandingAtBeginningOfYear_pid_c20220804__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_z5o7AgsXZKFk" style="width: 16%; text-align: right" title="Weighted Average Exercise Price, Outstanding at beginning of year">1.33</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Issued pursuant to RTO in exchange for options of PNRC</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eifrs-full--NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_pid_uShares_c20220804__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zxVjYUUkTGcc" style="text-align: right" title="Issued">8,827,250</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_ecustom--WeightedAverageGrantedSharesExercisePrice_pid_c20220804__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zZezEUQbRyje" style="text-align: right" title="Weighted Average Exercise Price, Issued">1.16</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Options exercised</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_980_eifrs-full--NumberOfShareOptionsExercisedInSharebasedPaymentArrangement_pid_uShares_c20220804__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zMMcU8KOAlGb" style="border-bottom: Black 1.5pt solid; text-align: right" title="Options exercised">(1,416,000</td><td style="text-align: left">)</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_989_ecustom--WeightedAverageExercisePriceOptionsExercised_pid_c20220804__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zxSwejABxVM7" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted Average Exercise Price, Options Exercised">0.46</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Balance as at December 31, 2022</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_98B_eifrs-full--NumberOfOutstandingShareOptions_iE_pid_uShares_c20220804__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zddP9ZY0P2Pa" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Outstanding, End of year">10,407,044</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_98B_ecustom--WeightedAverageExercisePriceOutstandingAtEndOfYear_pid_c20220804__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zX14abuERll7" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Weighted Average Exercise Price, Outstanding at End of year">1.10</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8A2_zwdn8NISWBG7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the year ended December 31, 2022, prior to the RTO, PNRC granted an aggregate total of <span id="xdx_901_eifrs-full--NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_pid_uShares_c20220101__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember_zfBGPkrL9OHk" title="Number of stock option granted">2,600,000</span> stock options to employees, directors and consultants with a maximum term of <span id="xdx_902_ecustom--PeriodOfOptionsGranted_dt_c20220101__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember_zHmLdDfHTIki" title="Period of options granted">five years</span>. The options are exercisable at US$<span id="xdx_908_eifrs-full--ExercisePriceShareOptionsGranted2019_uUSDPShares_c20220101__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember_zL5S4tlAx06h" title="Stock options exercisable price per share">2.00</span> per share (C$<span id="xdx_90E_ecustom--StockOptionsExercisablePricePerShare_iI_uCADPShares_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember_zL1vfqKf07Sd" title="Stock options exercisable price per share">2.49</span>/share) with 1/3 vesting on the date of grant, 1/3 on the first anniversary and 1/3 on the second anniversary following the close of the US$<span id="xdx_90F_eifrs-full--ProceedsFromSaleOrIssueOfTreasuryShares_pid_uUSD_c20220101__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember_zj8xt5BwsGz" title="Proceeds from private palcement">20,000,000</span> private placement.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021</span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Expressed in Canadian dollars)</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.75pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <br/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Upon the closing of the RTO, all PNRC options were exchanged for options of the Company at a rate of <span id="xdx_907_ecustom--OptionsExchangeRate_iI_c20221231__srt--ConsolidationItemsAxis__custom--ReverseTakeoverTransactionMember_zaDcCowHemta" title="Exchange rate">1.054</span> and vested in full immediately. Prior to the RTO, PNRC had granted but unvested options of <span id="xdx_904_eifrs-full--NumberOfInstrumentsOtherEquityInstrumentsGranted_uPure_c20220101__20221231__srt--ConsolidationItemsAxis__custom--PreReverseTakeoverTransactionAndPostConsolidationBasisMember_zjgAiV37cnhb" title="Unvested options granted">2,512,033</span> (Post RTO, Post-consolidation basis). These options were considered a replacement awarded under the former plan and modification accounting under IFRS 2 Share based payments was applied. When modification accounting is applied, the Company revalued those stock options using the Black-Scholes Option Pricing Model.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The fair value of all options, including those granted during the year ended December 31, 2022 as well as the ones granted but not vested during the year ended December 2021, amounted to $<span id="xdx_901_eifrs-full--ExpenseFromSharebasedPaymentTransactionsWithEmployees_pp0p0_c20220101__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember_zmfDZEhCTfvj" title="Share based payment expense">7,731,117</span> and was recorded as a share-based payment expense. The weighted average fair value of options granted is $<span id="xdx_907_ecustom--WeightedAverageFairValuePerOptionsGranted_uUSDPShares_c20220101__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember_zdSqWCwTdIkl" title="Fair value per option granted">1.41</span> per option.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_894_eifrs-full--DisclosureOfIndirectMeasurementOfFairValueOfGoodsOrServicesReceivedShareOptionsGrantedDuringPeriodExplanatory_zFhVxVuMJJAd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The fair value of stock options granted and vested during the year ended December 31, 2022 was calculated using the following assumptions:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8BF_zAlhq9QIUmH" style="display: none">SCHEDULE OF INPUTS TO OPTION PRICING MODEL</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%; margin-left: 0pt"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">December 31, 2022</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">December 31, 2021</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Expected dividend yield</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98F_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_uPure_c20220101__20220930_zkVvEHyBzdd9" style="width: 16%; text-align: right" title="Expected dividend yield">0</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_uPure_c20210101__20211231_zpkdBpZjlcL5" style="width: 16%; text-align: right" title="Expected dividend yield">0</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Latest private placement price</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$<span id="xdx_90E_ecustom--LatestPrivatePlacementPrice_iI_c20221231__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zB8L0ay9bqC9" title="Latest private placement price">0.40</span> - $<span id="xdx_90E_ecustom--LatestPrivatePlacementPrice_iI_c20221231__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zqq3pS5fCvZh" title="Latest private placement price">2.53</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span id="xdx_906_ecustom--LatestPrivatePlacementPrice_iI_c20211231_z1qg1hkYVgk2" title="Latest private placement price">0.95</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Expected share price volatility</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_900_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_dp_c20220101__20221231__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_z4I9dTDBy9C4" title="Expected share price volatility">125.83%</span>-<span id="xdx_907_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_dp_c20220101__20221231__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zjw60cq3uWA1" title="Expected share price volatility">129.48</span></span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_900_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_dp_c20210101__20211231__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zU4PjjCmtKW1" title="Expected share price volatility">125.18%</span>-<span id="xdx_906_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_dp_c20210101__20211231__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zhxWiaRulHh2" title="Expected share price volatility">127.03</span></span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Risk free interest rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90F_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_dp_c20220101__20221231__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_z01Hilowdzs" title="Risk free interest rate">0.42%</span> - <span id="xdx_904_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_c20220101__20221231__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zUXtZS98ivG5" title="Risk free interest rate">2.85</span></span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_907_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_dp_c20210101__20211231__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zXoqmbp3OZH2" title="Risk free interest rate">0.42%</span> - <span id="xdx_901_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_c20210101__20211231__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zc7X11kYomM8" title="Risk free interest rate">1.11</span></span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Expected life of options</td><td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90F_ecustom--ExpectedLifeOfOptionsGranted_dtY_c20220101__20221231__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zFFQbvmrKto2" title="Expected life of options">4.16</span> - <span id="xdx_903_ecustom--ExpectedLifeOfOptionsGranted_dtY_c20220101__20221231__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zL2ZazNz1Pjg" title="Expected life of options">5</span> years</span></td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90E_ecustom--ExpectedLifeOfOptionsGranted_dtY_c20210101__20211231_zBJXJz2mfRP4" title="Expected life of options">5</span> years</span></td><td style="text-align: left"> </td></tr> </table> <p id="xdx_8AB_zun4FpRjpIG3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Volatility assumptions for the valuation of options were derived by reference to the volatility of NAN as the stock price of NAN was highly correlated to the advancement of the BCL assets acquisition following its investment in PNRC.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_897_eifrs-full--DisclosureOfNumberAndWeightedAverageRemainingContractualLifeOfOutstandingShareOptionsExplanatory_z1CWmedecDj6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Details of options outstanding as at December 31, 2022 are as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B9_zXPNmzk0Eyka" style="display: none">SCHEDULE OF NUMBER AND WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE OF OUTSTANDING SHARE OPTIONS</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%"> <tr style="vertical-align: bottom"> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: right; font-weight: bold">Options Outstanding</td><td style="text-align: right; font-weight: bold"> </td><td style="text-align: right; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Options Exercisable</td><td style="text-align: right; font-weight: bold"> </td><td style="text-align: right; font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: right; font-weight: bold">Expiry Date</td><td style="text-align: right; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: right; font-weight: bold">Exercise Price ($)</td><td style="text-align: right; font-weight: bold"> </td><td style="text-align: right"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: right; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Weighted average remaining contractual life</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(years)</b></span></p></td><td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 1%; text-align: left"> </td><td id="xdx_985_eifrs-full--NumberOfOutstandingShareOptions_iI_pid_uShares_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringFebruaryTwentyFourTwoThousandTwentyFiveMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zBYDBm46dRK" style="width: 16%; text-align: right" title="Options outstanding">900,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_pid_uShares_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringFebruaryTwentyFourTwoThousandTwentyFiveMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zBUhJTz2BWKe" style="width: 16%; text-align: right" title="Options exercisable">900,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 20%; text-align: right">February 24, 2025</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98B_ecustom--ExercisePriceOfStockOption_iI_pid_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringFebruaryTwentyFourTwoThousandTwentyFiveMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zJextw3aPn88" style="width: 16%; text-align: right" title="Exercise price">0.80</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98E_ecustom--WeightedAverageRemainingContractualLifeOfOutstandingWarrant_dtY_c20220101__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringFebruaryTwentyFourTwoThousandTwentyFiveMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zFCBwU9rVFa2" style="width: 16%; text-align: right" title="Weighted average remaining contractual life (years)">0.19</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--NumberOfOutstandingShareOptions_iI_pid_uShares_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringAugustNineteenTwoThousandTwentyFiveMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zzvWyEXBwku" style="text-align: right" title="Options outstanding">240,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_pid_uShares_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringAugustNineteenTwoThousandTwentyFiveMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zDRKplFD1W7b" style="text-align: right" title="Options exercisable">240,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right">August 19, 2025</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--ExercisePriceOfStockOption_iI_pid_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringAugustNineteenTwoThousandTwentyFiveMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zGgUvwOfnDt1" style="text-align: right" title="Exercise price">0.45</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--WeightedAverageRemainingContractualLifeOfOutstandingWarrant_iI_dtY_c20220101__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringAugustNineteenTwoThousandTwentyFiveMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zquLOPtcXz93" style="text-align: right" title="Weighted average remaining contractual life (years)">0.06</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td id="xdx_989_eifrs-full--NumberOfOutstandingShareOptions_iI_pid_uShares_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringJanuaryTwentySixTwoThousandAndTwentySixMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zfaAb5HU13uh" style="text-align: right" title="Options outstanding">3,689,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_pid_uShares_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringJanuaryTwentySixTwoThousandAndTwentySixMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zEToxlSpy4Wf" style="text-align: right" title="Options exercisable">3,689,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right">January 26, 2026</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--ExercisePriceOfStockOption_iI_pid_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringJanuaryTwentySixTwoThousandAndTwentySixMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zQq0crUfurq6" style="text-align: right" title="Exercise price">0.39</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--WeightedAverageRemainingContractualLifeOfOutstandingWarrant_iI_dtY_c20220101__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringJanuaryTwentySixTwoThousandAndTwentySixMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zwialBtZ0J2b" style="text-align: right" title="Weighted average remaining contractual life (years)">1.09</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td id="xdx_980_eifrs-full--NumberOfOutstandingShareOptions_iI_pid_uShares_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringFebruaryTwentyFiveTwoThousandAndTwentySixMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_znKZ0JsvsRxk" style="text-align: right" title="Options outstanding">597,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_pid_uShares_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringFebruaryTwentyFiveTwoThousandAndTwentySixMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zV047OVTzCle" style="text-align: right" title="Options exercisable">597,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right">February 25, 2026</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--ExercisePriceOfStockOption_iI_pid_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringFebruaryTwentyFiveTwoThousandAndTwentySixMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zm7DUDkRfPvh" style="text-align: right" title="Exercise price">1.60</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--WeightedAverageRemainingContractualLifeOfOutstandingWarrant_iI_dtY_c20220101__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringFebruaryTwentyFiveTwoThousandAndTwentySixMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_z0MLtsNbFWRl" style="text-align: right" title="Weighted average remaining contractual life (years)">0.15</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--NumberOfOutstandingShareOptions_iI_pid_uShares_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringSeptemberTwentyNineTwoThousandAndTwentySixMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_ztdHX4E37oOe" style="text-align: right" title="Options outstanding">1,343,850</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_pid_uShares_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringSeptemberTwentyNineTwoThousandAndTwentySixMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_z1OwhR7zbsh" style="text-align: right" title="Options exercisable">1,343,850</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right">September 29, 2026</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--ExercisePriceOfStockOption_iI_pid_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringSeptemberTwentyNineTwoThousandAndTwentySixMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zLm1iZrZrsha" style="text-align: right" title="Exercise price">0.91</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--WeightedAverageRemainingContractualLifeOfOutstandingWarrant_iI_dtY_c20220101__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringSeptemberTwentyNineTwoThousandAndTwentySixMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zxenV6bpPKbf" style="text-align: right" title="Weighted average remaining contractual life (years)">0.48</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--NumberOfOutstandingShareOptions_iI_pid_uShares_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringOctoberTwentyFiveTwoThousandAndTwentySixMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_z7xLTPecQ0ff" style="text-align: right" title="Options outstanding">998,794</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_pid_uShares_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringOctoberTwentyFiveTwoThousandAndTwentySixMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zILofBpZ6RRd" style="text-align: right" title="Options exercisable">998,794</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right">October 25, 2026</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--ExercisePriceOfStockOption_iI_pid_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringOctoberTwentyFiveTwoThousandAndTwentySixMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zFojwIJwS8X7" style="text-align: right" title="Exercise price">2.00</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--WeightedAverageRemainingContractualLifeOfOutstandingWarrant_iI_dtY_c20220101__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringOctoberTwentyFiveTwoThousandAndTwentySixMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zy1COaj7UB9l" style="text-align: right" title="Weighted average remaining contractual life (years)">0.37</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98B_eifrs-full--NumberOfOutstandingShareOptions_iI_pid_uShares_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringJanuaryTwentyTwoThousandAndTwentySevenMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zTFi5JdVLQi6" style="border-bottom: Black 1.5pt solid; text-align: right" title="Options outstanding">2,740,400</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98F_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_pid_uShares_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringJanuaryTwentyTwoThousandAndTwentySevenMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zuAzQJrQoeNh" style="border-bottom: Black 1.5pt solid; text-align: right" title="Options exercisable">2,740,400</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right">January 20, 2027</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_989_ecustom--ExercisePriceOfStockOption_iI_pid_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringJanuaryTwentyTwoThousandAndTwentySevenMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_z8M3RiBrHmEl" style="border-bottom: Black 1.5pt solid; text-align: right" title="Exercise price">2.62</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_987_ecustom--WeightedAverageRemainingContractualLifeOfOutstandingWarrant_iI_dtY_c20220101__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringJanuaryTwentyTwoThousandAndTwentySevenMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_z8lynUslm8Bg" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted average remaining contractual life (years)">1.07</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_980_eifrs-full--NumberOfOutstandingShareOptions_iI_pid_uShares_c20221231__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zTr03aChqxsc" style="border-bottom: Black 2.5pt double; text-align: right" title="Options outstanding">10,407,044</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_986_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_pid_uShares_c20221231__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zOxHlJi56jK6" style="border-bottom: Black 2.5pt double; text-align: right" title="Options exercisable">10,407,044</td><td style="text-align: left"> </td><td> </td> <td> </td><td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_98A_ecustom--WeightedAverageRemainingContractualLifeOfOutstandingWarrant_iI_dtY_c20220101__20221231__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zwhM1PooPlA5" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Weighted average remaining contractual life (years)">3.41</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8A0_zVppZ5Hu7sIi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>e) DSU Plan</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Effective December 2022, the Company approved a Deferred Share Unit Plan (“DSU Plan”) (“DSUs”) that enables the Company upon approval by the Directors to grant DSUs to eligible non-management directors. The DSUs credited to the account of a director may only be redeemed following the date upon which the holder ceases to be a director. Depending upon the country of residence of a director, the DSUs may be redeemed at any time prior to December 15 in the calendar year following the year in which the holder ceases to be a director and may be redeemed in as many as four installments. Upon redemption, the holder is entitled to a cash payment equal to the number of units redeemed multiplied by the 5-day-VWAP of the Company’s common shares on that date. The Company may elect, in its sole discretion, to settle the value of the DSUs redeemed in the Company’s common shares on a one-for-one basis, provided shareholder approval has been obtained on or prior to the relevant redemption date.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021</span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Expressed in Canadian dollars)</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.75pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_897_ecustom--DisclosureOfDSUsSharesOutstandingExplanatory_zsPQ25V2NPS5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the year ended December 31, 2022, DSUs have been granted as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.15in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B8_zLeAFPODHpM" style="display: none">SCHEDULE OF DEFERRED SHARE UNIT PLAN HAVE BEEN GRANTED</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_49C_20220101__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--DeferredShareUnitPlanMember_zlwmL7tJv1tk" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr id="xdx_400_eifrs-full--NumberOfSharesOutstanding_iS_zd1X2ILmUSc2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Number of DSUs outstanding at the beginning of the fiscal year</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1498">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--IncreaseDecreaseInNumberOfSharesOutstanding_zarVb3FjXbGb" style="vertical-align: bottom; background-color: White"> <td style="width: 78%; text-align: left; padding-bottom: 1.5pt">Number of DSUs during the year</td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; width: 18%; text-align: right">200,000</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_404_eifrs-full--NumberOfSharesOutstanding_iE_z1GjyIaTjI74" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Number of DSUs outstanding at the end of the year</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">200,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8A5_z5RPitklLkKe" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the year ended December 31, 2022, the DSU compensation amounted to $<span id="xdx_902_eifrs-full--NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_uShares_c20220101__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--DeferredShareUnitPlanMember_z3M1RDi6WYl6" title="Share based compensation">298,000</span> recorded as share based compensation, and a DSU liability of the same amount.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>f) Reserve</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The reserve records items recognized as stock-based compensation expense and other share-based payments until such time that the stock options or warrants are exercised, at which time the corresponding amount will be transferred to share capital. Amounts recorded for forfeited or expired unexercised options and warrants are transferred to deficit.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the year ended December 31, 2022, the Company recorded $<span id="xdx_90E_eifrs-full--ReserveOfSharebasedPayments_iI_c20221231_z8yxAazgdF9h" title="Reserves">7,731,117</span> (December 31, 2021 - $<span id="xdx_904_eifrs-full--ReserveOfSharebasedPayments_iI_c20211231_zlhlQfgacGpe" title="Reserves">1,261,891</span>) of share-based payments to reserves and transferred $<span id="xdx_90D_ecustom--ShareCapitalForExercisedWarrantsAndOptions_iI_c20221231_zSFXQ8nJmfBk" title="Reserves transferred to share capital">3,325,702</span> to share capital for exercised warrants and options (December 31, 2021 – <span id="xdx_901_ecustom--ShareCapitalForExercisedWarrantsAndOptions_iI_dxL_c20211231_zV0ZS81l8uxa" title="ReservesReserves transferred to share capital::XDX::-"><span style="-sec-ix-hidden: xdx2ixbrl1512">Nil</span></span>).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
| CY2022 | ifrs-full |
Description Of Nature And Purpose Of Reserves Within Equity
DescriptionOfNatureAndPurposeOfReservesWithinEquity
|
5-for-1 | |
| CY2022 | ifrs-full |
Disclosure Of Classes Of Share Capital Explanatory
DisclosureOfClassesOfShareCapitalExplanatory
|
<p id="xdx_898_eifrs-full--DisclosureOfClassesOfShareCapitalExplanatory_zf5U2rkeKzsb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.3in 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8BF_zX5Kdo9C9oP" style="display: none">SCHEDULE OF SHARE CAPITAL</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">PNRC common share</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Company common share</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Number</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Amount</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Number</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Amount</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; text-align: justify">December 31, 2020</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_989_eifrs-full--NumberOfSharesOutstanding_iS_c20210101__20211231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_zGlVpGhlryee" style="width: 11%; text-align: right" title="Shares outstanding, beginning">64,083,487</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_eifrs-full--Equity_iS_c20210101__20211231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_zcyzgpmMI2eh" style="width: 11%; text-align: right" title="Shares capital, beginning">1,468,174</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_984_eifrs-full--NumberOfSharesOutstanding_iS_c20210101__20211231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zeARW3iKAD8h" style="width: 11%; text-align: right" title="Shares outstanding, beginning"><span style="-sec-ix-hidden: xdx2ixbrl1090">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_985_eifrs-full--Equity_iS_c20210101__20211231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zmCUkZqB9QT5" style="width: 11%; text-align: right" title="Shares capital, beginning"><span style="-sec-ix-hidden: xdx2ixbrl1092">-</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Share capital issued through private placement (net of issue costs)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_989_ecustom--ShareCapitalIssuedThroughPrivatePlacementShares_c20210101__20211231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_zlv5sp7YHXp8" style="border-bottom: Black 1.5pt solid; text-align: right" title="Share capital issued through private placement (net of issue costs), shares">12,596,421</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98E_ecustom--ShareCapitalIssuedThroughPrivatePlacement_c20210101__20211231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_zRdIxy7dVRLd" style="border-bottom: Black 1.5pt solid; text-align: right" title="Share capital issued through private placement (net of issue costs)">6,484,501</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_981_ecustom--ShareCapitalIssuedThroughPrivatePlacementShares_c20210101__20211231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zeMpwna3S5Xi" style="border-bottom: Black 1.5pt solid; text-align: right" title="Share capital issued through private placement (net of issue costs), shares"><span style="-sec-ix-hidden: xdx2ixbrl1098">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98A_ecustom--ShareCapitalIssuedThroughPrivatePlacement_c20210101__20211231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zV3pAg0Zhrte" style="border-bottom: Black 1.5pt solid; text-align: right" title="Share capital issued through private placement (net of issue costs)"><span style="-sec-ix-hidden: xdx2ixbrl1100">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">December 31, 2021</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--NumberOfSharesOutstanding_iS_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_z6Z9pAb84hNf" style="text-align: right" title="Shares outstanding, beginning">76,679,908</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eifrs-full--Equity_iS_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_zOpWsAUktT61" style="text-align: right" title="Shares capital, beginning">7,952,675</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--NumberOfSharesOutstanding_iS_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zwt63c2S9a2c" style="text-align: right" title="Shares outstanding, beginning"><span style="-sec-ix-hidden: xdx2ixbrl1106">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eifrs-full--Equity_iS_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zpe3WC9Atzmg" style="text-align: right" title="Shares capital, beginning"><span style="-sec-ix-hidden: xdx2ixbrl1108">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Share capital issued through private placement (net of issue costs)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--ShareCapitalIssuedThroughPrivatePlacementShares_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_zpP2gYTyouGi" style="text-align: right" title="Share capital issued through private placement (net of issue costs), shares">8,936,167</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--ShareCapitalIssuedThroughPrivatePlacement_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_zmiMx6VaC9w5" style="text-align: right" title="Share capital issued through private placement (net of issue costs)">20,852,872</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--ShareCapitalIssuedThroughPrivatePlacementShares_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_z61gC9XJZUNa" style="text-align: right" title="Share capital issued through private placement (net of issue costs), shares"><span style="-sec-ix-hidden: xdx2ixbrl1114">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--ShareCapitalIssuedThroughPrivatePlacement_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zkj9I5X5lKs" style="text-align: right" title="Share capital issued through private placement (net of issue costs)"><span style="-sec-ix-hidden: xdx2ixbrl1116">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Cancel PNRC shares held by NAN</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--CancellationOfRelatedPartySharesHeldBySubsidiary_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_zSazvw3OiUr4" style="text-align: right" title="Cancel PNRC shares held by NAN, Shares">(7,667,707</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--CancellationOfRelatedPartySharesHeldBySubsidiaryAmount_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_zTZm48ikhE31" style="text-align: right" title="Cancel PNRC shares held by NAN"><span style="-sec-ix-hidden: xdx2ixbrl1120">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--CancellationOfRelatedPartySharesHeldBySubsidiary_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zNm4GRqAWqba" style="text-align: right" title="Cancel PNRC shares held by NAN, Shares"><span style="-sec-ix-hidden: xdx2ixbrl1122">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--CancellationOfRelatedPartySharesHeldBySubsidiaryAmount_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zI4s3Tc39jPc" style="text-align: right" title="Cancel PNRC shares held by NAN">(19,710,608</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Shares exchanged on the RTO</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--SharesExchangedOnReverseTakeoverTransaction_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_ztWCKU2Gtbfg" style="text-align: right" title="Shares exchanged on the RTO, Shares">(77,948,368</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--ShareValueExchangedOnReverseTakeoverTransaction_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_z8HhH3K6vx38" style="text-align: right" title="Shares exchanged on the RTO">(28,805,547</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--SharesExchangedOnReverseTakeoverTransaction_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_z594ONCafcZc" style="text-align: right" title="Shares exchanged on the RTO, Shares">82,157,536</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_ecustom--ShareValueExchangedOnReverseTakeoverTransaction_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zMsEHd8rZVZd" style="text-align: right" title="Shares exchanged on the RTO">28,805,547</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Share capital of the Company immediately post RTO</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--SharesOfTheCompanyImmediatelyPostReverseTakeoverTransaction_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_z23BapdvWQ9e" style="text-align: right" title="Share capital of the company immediately post RTO, Shares">31,748,399</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--ShareCapitalOfTheCompanyImmediatelyPostReverseTakeoverTransaction_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zXiqceRduFV2" style="text-align: right" title="Share capital of the company immediately post RTO">77,431,152</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Shares issued for exercised warrants</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--SharesIssuedForExercisedWarrants_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zNMhwdTSDCjd" style="text-align: right" title="Shares issued for exercised warrants, Shares">1,236,408</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--IssuedValueForExercisedWarrants_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_z7c0p5LtrEjf" style="text-align: right" title="Shares issued for exercised warrants">2,890,913</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Shares issued for exercised options</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98D_ecustom--SharesIssuedForExercisedOptions_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zGoObcErPX23" style="border-bottom: Black 1.5pt solid; text-align: right" title="Shares issued for exercised options, Shares">1,379,000</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_985_ecustom--IssuedValueForExercisedOptions_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zSjYw4bwmblf" style="border-bottom: Black 1.5pt solid; text-align: right" title="Shares issued for exercised options">1,727,264</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Balance as at December 31, 2022</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98A_eifrs-full--NumberOfSharesOutstanding_iE_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_za6AZUe8jPGf" style="border-bottom: Black 2.5pt double; text-align: right" title="Shares outstanding, ending"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl1146">-</span></span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"><b>$</b></td><td id="xdx_988_eifrs-full--Equity_iE_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_zzR9swnCTs9d" style="border-bottom: Black 2.5pt double; text-align: right" title="Shares capital, ending"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl1148">-</span></span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_98C_eifrs-full--NumberOfSharesOutstanding_iE_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zxr4gMJ31Jpf" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Shares outstanding, ending">116,521,343</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_98A_eifrs-full--Equity_iE_c20220101__20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_z7qiudAZyznf" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Shares capital, ending">91,144,268</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> | |
| CY2022Q3 | PNRLF |
Shares Of The Company Immediately Post Reverse Takeover Transaction
SharesOfTheCompanyImmediatelyPostReverseTakeoverTransaction
|
113905935 | shares |
| CY2022 | ifrs-full |
Disclosure Of Number And Weighted Average Remaining Contractual Life Of Outstanding Share Options Explanatory
DisclosureOfNumberAndWeightedAverageRemainingContractualLifeOfOutstandingShareOptionsExplanatory
|
<p id="xdx_897_eifrs-full--DisclosureOfNumberAndWeightedAverageRemainingContractualLifeOfOutstandingShareOptionsExplanatory_z1CWmedecDj6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Details of options outstanding as at December 31, 2022 are as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B9_zXPNmzk0Eyka" style="display: none">SCHEDULE OF NUMBER AND WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE OF OUTSTANDING SHARE OPTIONS</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%"> <tr style="vertical-align: bottom"> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: right; font-weight: bold">Options Outstanding</td><td style="text-align: right; font-weight: bold"> </td><td style="text-align: right; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Options Exercisable</td><td style="text-align: right; font-weight: bold"> </td><td style="text-align: right; font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: right; font-weight: bold">Expiry Date</td><td style="text-align: right; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: right; font-weight: bold">Exercise Price ($)</td><td style="text-align: right; font-weight: bold"> </td><td style="text-align: right"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: right; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Weighted average remaining contractual life</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(years)</b></span></p></td><td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 1%; text-align: left"> </td><td id="xdx_985_eifrs-full--NumberOfOutstandingShareOptions_iI_pid_uShares_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringFebruaryTwentyFourTwoThousandTwentyFiveMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zBYDBm46dRK" style="width: 16%; text-align: right" title="Options outstanding">900,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_pid_uShares_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringFebruaryTwentyFourTwoThousandTwentyFiveMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zBUhJTz2BWKe" style="width: 16%; text-align: right" title="Options exercisable">900,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 20%; text-align: right">February 24, 2025</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98B_ecustom--ExercisePriceOfStockOption_iI_pid_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringFebruaryTwentyFourTwoThousandTwentyFiveMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zJextw3aPn88" style="width: 16%; text-align: right" title="Exercise price">0.80</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98E_ecustom--WeightedAverageRemainingContractualLifeOfOutstandingWarrant_dtY_c20220101__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringFebruaryTwentyFourTwoThousandTwentyFiveMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zFCBwU9rVFa2" style="width: 16%; text-align: right" title="Weighted average remaining contractual life (years)">0.19</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--NumberOfOutstandingShareOptions_iI_pid_uShares_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringAugustNineteenTwoThousandTwentyFiveMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zzvWyEXBwku" style="text-align: right" title="Options outstanding">240,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_pid_uShares_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringAugustNineteenTwoThousandTwentyFiveMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zDRKplFD1W7b" style="text-align: right" title="Options exercisable">240,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right">August 19, 2025</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--ExercisePriceOfStockOption_iI_pid_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringAugustNineteenTwoThousandTwentyFiveMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zGgUvwOfnDt1" style="text-align: right" title="Exercise price">0.45</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--WeightedAverageRemainingContractualLifeOfOutstandingWarrant_iI_dtY_c20220101__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringAugustNineteenTwoThousandTwentyFiveMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zquLOPtcXz93" style="text-align: right" title="Weighted average remaining contractual life (years)">0.06</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td id="xdx_989_eifrs-full--NumberOfOutstandingShareOptions_iI_pid_uShares_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringJanuaryTwentySixTwoThousandAndTwentySixMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zfaAb5HU13uh" style="text-align: right" title="Options outstanding">3,689,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_pid_uShares_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringJanuaryTwentySixTwoThousandAndTwentySixMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zEToxlSpy4Wf" style="text-align: right" title="Options exercisable">3,689,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right">January 26, 2026</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--ExercisePriceOfStockOption_iI_pid_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringJanuaryTwentySixTwoThousandAndTwentySixMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zQq0crUfurq6" style="text-align: right" title="Exercise price">0.39</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_ecustom--WeightedAverageRemainingContractualLifeOfOutstandingWarrant_iI_dtY_c20220101__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringJanuaryTwentySixTwoThousandAndTwentySixMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zwialBtZ0J2b" style="text-align: right" title="Weighted average remaining contractual life (years)">1.09</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td id="xdx_980_eifrs-full--NumberOfOutstandingShareOptions_iI_pid_uShares_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringFebruaryTwentyFiveTwoThousandAndTwentySixMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_znKZ0JsvsRxk" style="text-align: right" title="Options outstanding">597,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_pid_uShares_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringFebruaryTwentyFiveTwoThousandAndTwentySixMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zV047OVTzCle" style="text-align: right" title="Options exercisable">597,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right">February 25, 2026</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--ExercisePriceOfStockOption_iI_pid_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringFebruaryTwentyFiveTwoThousandAndTwentySixMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zm7DUDkRfPvh" style="text-align: right" title="Exercise price">1.60</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--WeightedAverageRemainingContractualLifeOfOutstandingWarrant_iI_dtY_c20220101__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringFebruaryTwentyFiveTwoThousandAndTwentySixMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_z0MLtsNbFWRl" style="text-align: right" title="Weighted average remaining contractual life (years)">0.15</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--NumberOfOutstandingShareOptions_iI_pid_uShares_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringSeptemberTwentyNineTwoThousandAndTwentySixMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_ztdHX4E37oOe" style="text-align: right" title="Options outstanding">1,343,850</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_pid_uShares_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringSeptemberTwentyNineTwoThousandAndTwentySixMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_z1OwhR7zbsh" style="text-align: right" title="Options exercisable">1,343,850</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right">September 29, 2026</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--ExercisePriceOfStockOption_iI_pid_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringSeptemberTwentyNineTwoThousandAndTwentySixMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zLm1iZrZrsha" style="text-align: right" title="Exercise price">0.91</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--WeightedAverageRemainingContractualLifeOfOutstandingWarrant_iI_dtY_c20220101__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringSeptemberTwentyNineTwoThousandAndTwentySixMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zxenV6bpPKbf" style="text-align: right" title="Weighted average remaining contractual life (years)">0.48</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td id="xdx_987_eifrs-full--NumberOfOutstandingShareOptions_iI_pid_uShares_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringOctoberTwentyFiveTwoThousandAndTwentySixMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_z7xLTPecQ0ff" style="text-align: right" title="Options outstanding">998,794</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_pid_uShares_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringOctoberTwentyFiveTwoThousandAndTwentySixMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zILofBpZ6RRd" style="text-align: right" title="Options exercisable">998,794</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right">October 25, 2026</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--ExercisePriceOfStockOption_iI_pid_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringOctoberTwentyFiveTwoThousandAndTwentySixMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zFojwIJwS8X7" style="text-align: right" title="Exercise price">2.00</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--WeightedAverageRemainingContractualLifeOfOutstandingWarrant_iI_dtY_c20220101__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringOctoberTwentyFiveTwoThousandAndTwentySixMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zy1COaj7UB9l" style="text-align: right" title="Weighted average remaining contractual life (years)">0.37</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98B_eifrs-full--NumberOfOutstandingShareOptions_iI_pid_uShares_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringJanuaryTwentyTwoThousandAndTwentySevenMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zTFi5JdVLQi6" style="border-bottom: Black 1.5pt solid; text-align: right" title="Options outstanding">2,740,400</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98F_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_pid_uShares_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringJanuaryTwentyTwoThousandAndTwentySevenMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zuAzQJrQoeNh" style="border-bottom: Black 1.5pt solid; text-align: right" title="Options exercisable">2,740,400</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right">January 20, 2027</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_989_ecustom--ExercisePriceOfStockOption_iI_pid_c20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringJanuaryTwentyTwoThousandAndTwentySevenMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_z8M3RiBrHmEl" style="border-bottom: Black 1.5pt solid; text-align: right" title="Exercise price">2.62</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_987_ecustom--WeightedAverageRemainingContractualLifeOfOutstandingWarrant_iI_dtY_c20220101__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--OptionsExpiringJanuaryTwentyTwoThousandAndTwentySevenMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_z8lynUslm8Bg" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted average remaining contractual life (years)">1.07</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_980_eifrs-full--NumberOfOutstandingShareOptions_iI_pid_uShares_c20221231__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zTr03aChqxsc" style="border-bottom: Black 2.5pt double; text-align: right" title="Options outstanding">10,407,044</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_986_eifrs-full--NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_iI_pid_uShares_c20221231__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zOxHlJi56jK6" style="border-bottom: Black 2.5pt double; text-align: right" title="Options exercisable">10,407,044</td><td style="text-align: left"> </td><td> </td> <td> </td><td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_98A_ecustom--WeightedAverageRemainingContractualLifeOfOutstandingWarrant_iI_dtY_c20220101__20221231__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zwhM1PooPlA5" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Weighted average remaining contractual life (years)">3.41</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> | |
| CY2022Q3 | PNRLF |
Expected Life Of Shares
ExpectedLifeOfShares
|
P2Y6M25D | |
| CY2022Q3 | ifrs-full |
Expected Dividend As Percentage Share Options Granted
ExpectedDividendAsPercentageShareOptionsGranted
|
0 | pure |
| CY2022Q3 | ifrs-full |
Description Of Risk Free Interest Rate Share Options Granted
DescriptionOfRiskFreeInterestRateShareOptionsGranted
|
0.0314 | pure |
| CY2022Q3 | ifrs-full |
Description Of Expected Volatility Share Options Granted
DescriptionOfExpectedVolatilityShareOptionsGranted
|
1.4163 | pure |
| CY2021 | PNRLF |
Share Conversion Price
ShareConversionPrice
|
1 | |
| CY2021 | PNRLF |
Share Conversion Price1
ShareConversionPrice1
|
9.00 | |
| CY2022 | ifrs-full |
Disclosure Of Number And Weighted Average Exercise Prices Of Other Equity Instruments Explanatory
DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory
|
<p id="xdx_891_eifrs-full--DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory_zrVIAvxWzLb4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Warrant activity, after converting for the Exchange Ratio, for the year ended December 31, 2022 was as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.15in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B3_zmI3zkvXdE95" style="display: none">SCHEDULE OF WARRANT ACTIVITY AFTER CONVERTING FOR EXCHANGE RATIO</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; font-weight: bold">Premium Nickel Resources Ltd.</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Number Outstanding <br/> (Post-consolidation basis)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Weighted Average <br/> Exercise Price ($)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>December 31, 2021</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--NumberOfWarrantsOutstanding_iS_pid_uShares_c20220101__20221231__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zlbgBkui2iS2" style="text-align: right" title="Issued"><span style="-sec-ix-hidden: xdx2ixbrl1288">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--WeightedAverageExercisePriceOfWarrantsOutstanding_iS_pid_c20220101__20221231__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_z9k26G6xdGga" style="text-align: right" title="Weighted Average Exercise Price, Outstanding at beginning of year"><span style="-sec-ix-hidden: xdx2ixbrl1290">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Adjustment pursuant to the</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%">RTO</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98B_ecustom--NumberOfWarrantsReverseTakeoverTransaction_iS_pid_uShares_c20220101__20221231__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_z3yxsviTSVhi" style="width: 16%; text-align: right" title="RTO">2,228,340</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_980_ecustom--ReverseTakeoverTransaction_iI_pid_c20220101__20221231__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_z9yyW3PNTCOl" style="width: 16%; text-align: right" title="Weighted Average Exercise Price, issued">1.11</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Issued</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--NumberOfWarrantsIssued_pid_uShares_c20220101__20221231__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zhyXRIGKXnSe" style="text-align: right" title="Issued">119,229</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--WeightedAverageExercisePriceOfWarrantsIssued_pid_c20220101__20221231__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zClGqwcoUas8" style="text-align: right" title="Weighted Average Exercise Price, issued">2.04</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Exercised</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--NumberOfWarrantsExercised_iN_pid_di_uShares_c20220101__20221231__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_z5WXxNFOzVk1" style="text-align: right" title="Exercised">(1,236,408</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--WeightedAverageExercisePriceOfWarrantsExercised_pid_c20220101__20221231__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zou6yjNUK8E8" style="text-align: right" title="Weighted Average Exercise Price, exercised">0.46</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Cancelled / expired</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98F_ecustom--NumberOfWarrantsCancelledOrExpired_iN_pid_di_uShares_c20220101__20221231__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zIRAQ1aN29T9" style="border-bottom: Black 1.5pt solid; text-align: right" title="Cancelled\expired">(12,375</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_989_ecustom--WeightedAverageExercisePriceOfWarrantsCancelledOrExpired_pid_c20220101__20221231__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zfqNsF2sN7md" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted Average Exercise Price, Cancelled / expired"><span style="-sec-ix-hidden: xdx2ixbrl1306">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt">Balance as at December 31, 2022</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_987_ecustom--NumberOfWarrantsOutstanding_iE_pid_uShares_c20220101__20221231__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zeCDo7nofQW5" style="border-bottom: Black 1.5pt solid; text-align: right" title="Outstanding at End of year">1,098,786</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_987_ecustom--WeightedAverageExercisePriceOfWarrantsOutstanding_iE_pid_c20220101__20221231__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zoYuuILqc1Gj" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted Average Exercise Price, Outstanding at end of year">1.96</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> | |
| CY2022 | PNRLF |
Disclosure Of Number And Weighted Average Remaining Contractual Life Of Outstanding Warrants Explanatory
DisclosureOfNumberAndWeightedAverageRemainingContractualLifeOfOutstandingWarrantsExplanatory
|
<p id="xdx_896_ecustom--DisclosureOfNumberAndWeightedAverageRemainingContractualLifeOfOutstandingWarrantsExplanatory_zIx5uqkhrFIj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">At December 31, 2022, the Company had outstanding common share purchase warrants exercisable to acquire common shares of the Company as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.15in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span><span id="xdx_8BF_zcdpZ3NkLyu" style="display: none">SCHEDULE OF NUMBER AND WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE OF OUTSTANDING WARRANTS</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%"> <tr style="vertical-align: bottom"> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Warrants Outstanding</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Expiry Date</td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Exercise Price</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>($)</b></span></p></td><td style="padding-bottom: 1.5pt"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Weighted Average remaining contractual life (years)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 1%; text-align: left"> </td><td id="xdx_980_ecustom--NumberOfWarrantsOutstanding_iI_c20221231__custom--TypesOfWarrantsAxis__custom--WarrantsExpiringAprilSixteenTwoThousandTwentyThreeMember_z0oCE9GEJEke" style="width: 22%; text-align: right" title="Warrants outstanding">683,905</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 24%; text-align: right">April 16, 2023</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98A_ecustom--ExercisePriceOfWarrant_iI_pid_c20221231__custom--TypesOfWarrantsAxis__custom--WarrantsExpiringAprilSixteenTwoThousandTwentyThreeMember_zZdrslB1KGbf" style="width: 16%; text-align: right" title="Exercise price">1.75</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_ecustom--WeightedAverageRemainingContractualLifeOfOutstandingWarrant_pid_dtY_c20220101__20221231__custom--TypesOfWarrantsAxis__custom--WarrantsExpiringAprilSixteenTwoThousandTwentyThreeMember_zh2Pbunf5t66" style="width: 26%; text-align: right" title="Weighted Average remaining contractual life (years)">0.18</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td id="xdx_989_ecustom--NumberOfWarrantsOutstanding_iI_c20221231__custom--TypesOfWarrantsAxis__custom--WarrantsExpiringAugustThreeTwoThousandTwentyFourMember_zouLKTREwsP9" style="text-align: right" title="Warrants outstanding">295,652</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right">August 3, 2024</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--ExercisePriceOfWarrant_iI_c20221231__custom--TypesOfWarrantsAxis__custom--WarrantsExpiringAugustThreeTwoThousandTwentyFourMember_zKlX1QSOVOE7" style="text-align: right" title="Exercise price">2.40</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--WeightedAverageRemainingContractualLifeOfOutstandingWarrant_dtY_c20220101__20221231__custom--TypesOfWarrantsAxis__custom--WarrantsExpiringAugustThreeTwoThousandTwentyFourMember_zZpNuT2iQo4l" style="text-align: right" title="Weighted Average remaining contractual life (years)">0.43</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98F_ecustom--NumberOfWarrantsOutstanding_iI_c20221231__custom--TypesOfWarrantsAxis__custom--WarrantsExpiringNovemberTwentyFiveTwoThousandTwentyThreeMember_zm0ONwAavFJ3" style="border-bottom: Black 1.5pt solid; text-align: right" title="Warrants outstanding">119,229</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="text-align: right; padding-bottom: 1.5pt">November 25, 2023</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_983_ecustom--ExercisePriceOfWarrant_iI_c20221231__custom--TypesOfWarrantsAxis__custom--WarrantsExpiringNovemberTwentyFiveTwoThousandTwentyThreeMember_zninR1OguNBc" style="border-bottom: Black 1.5pt solid; text-align: right" title="Exercise price">2.04</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98E_ecustom--WeightedAverageRemainingContractualLifeOfOutstandingWarrant_dtY_c20220101__20221231__custom--TypesOfWarrantsAxis__custom--WarrantsExpiringNovemberTwentyFiveTwoThousandTwentyThreeMember_zs0Co5Mb2uAd" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted Average remaining contractual life (years)">0.10</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_983_ecustom--NumberOfWarrantsOutstanding_iI_c20221231_zCtY796442a8" style="border-bottom: Black 1.5pt solid; text-align: right" title="Warrants outstanding">1,098,786</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_983_ecustom--WeightedAverageRemainingContractualLifeOfOutstandingWarrant_dtY_c20220101__20221231_zqrmi5lfspwb" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted Average remaining contractual life (years)">0.71</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> | |
| CY2022Q4 | PNRLF |
Number Of Warrants Outstanding
NumberOfWarrantsOutstanding
|
1098786 | shares |
| CY2022 | PNRLF |
Weighted Average Remaining Contractual Life Of Outstanding Warrant
WeightedAverageRemainingContractualLifeOfOutstandingWarrant
|
P0Y8M15D | |
| CY2022 | ifrs-full |
Disclosure Of Number And Weighted Average Exercise Prices Of Share Options Explanatory
DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory
|
<p id="xdx_890_eifrs-full--DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory_zpEgzdWF8IZ" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The outstanding options of each company prior to the completion of the RTO were as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B4_z7kDoVMOsIGb" style="display: none">SCHEDULE OF NUMBER AND WEIGHTED AVERAGE EXERCISE PRICES OF SHARE OPTIONS</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; font-weight: bold">North American Nickel</td><td> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Number Outstanding</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(post-consolidation basis)</b></span></p></td><td> </td><td> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Weighted Average</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Exercise Price ($)</b></span></p></td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%">December 31, 2021</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_eifrs-full--NumberOfOutstandingShareOptions_iS_pid_uShares_c20220101__20220803__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PriorConsolidationBasisMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zmUaegmXX31d" style="width: 16%; text-align: right" title="Outstanding, beginning of year">3,010,919</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_ecustom--WeightedAverageExercisePriceOutstandingAtBeginningOfYear_pid_c20220101__20220803__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PriorConsolidationBasisMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zH2G3lhnvfTf" style="width: 16%; text-align: right" title="Weighted Average Exercise Price, Outstanding at beginning of year">1.35</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Cancelled/expired</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98B_ecustom--NumberOfShareOptionsCancelledOrExpiredInShareBasedPaymentArrangement_pid_uShares_c20220101__20220803__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PriorConsolidationBasisMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_z5wKdi0ib95b" style="border-bottom: Black 1.5pt solid; text-align: right" title="Cancelled/expired">(15,125</td><td style="text-align: left">)</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_986_ecustom--WeightedAverageExercisePriceCancelledExpired_pid_c20220101__20220803__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PriorConsolidationBasisMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zdt0EpMpJCp8" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted Average Exercise Price, Cancelled/expired">6.00</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Balance as at August 3, 2022 prior to business combination with PNRC</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_98D_eifrs-full--NumberOfOutstandingShareOptions_iE_pid_uShares_c20220101__20220803__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PriorConsolidationBasisMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zu79iqm0jRMc" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Outstanding, End of year">2,995,794</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_987_ecustom--WeightedAverageExercisePriceOutstandingAtEndOfYear_pid_c20220101__20220803__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PriorConsolidationBasisMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_z5PmFc0kWpDf" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Weighted Average Exercise Price, Outstanding at end of year">1.33</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left; width: 60%">Premium Nickel Resources Corp.</td><td style="font-weight: bold; width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left; width: 1%"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right; width: 16%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Number Outstanding</b></span></td><td style="font-weight: bold; text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; width: 1%"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; width: 16%"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Weighted Average</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Exercise Price ($)</b></span></p></td><td style="text-align: left; width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>December 31, 2021</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--NumberOfOutstandingShareOptions_iS_pid_uShares_c20220101__20220803__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PriorConsolidationBasisMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_zNshPfK5NbHh" style="text-align: right" title="Outstanding, beginning of year">5,775,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--WeightedAverageExercisePriceOutstandingAtBeginningOfYear_pid_c20220101__20220803__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PriorConsolidationBasisMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_z0eqk2k6fCrk" style="text-align: right" title="Weighted Average Exercise Price, Outstanding at beginning of year">0.52</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Granted</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_988_eifrs-full--NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_pid_uShares_c20220101__20220803__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PriorConsolidationBasisMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_z80DPhfR14Ak" style="border-bottom: Black 1.5pt solid; text-align: right" title="Issued">2,600,000</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_981_ecustom--WeightedAverageGrantedSharesExercisePrice_pid_c20220101__20220803__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PriorConsolidationBasisMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_zIUDLItsLK2c" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted Average Exercise Price, Issued">2.49</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Balance as at August 3, 2022 prior to business combination with NAN</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_98C_eifrs-full--NumberOfOutstandingShareOptions_iE_pid_uShares_c20220101__20220803__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PriorConsolidationBasisMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_zzGwaExdIrlk" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Outstanding, End of year">8,375,000</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_989_ecustom--WeightedAverageExercisePriceOutstandingAtEndOfYear_pid_c20220101__20220803__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PriorConsolidationBasisMember__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--PremiumNickelResourcesCorporationMember_zFPS0aN83kXl" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Weighted Average Exercise Price,End of year">1.13</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Subsequent to the RTO, the outstanding options of the Company were as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; font-weight: bold">Premium Nickel Resources Ltd.</td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Number Outstanding</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Weighted Average</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Exercise Price ($)</b></span></p></td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Balance as at August 3, 2022 prior to business combination with PNRC</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_eifrs-full--NumberOfOutstandingShareOptions_iS_pid_uShares_c20220804__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zLLX3xKL0cif" style="width: 16%; text-align: right" title="Outstanding, beginning of year">2,995,794</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_ecustom--WeightedAverageExercisePriceOutstandingAtBeginningOfYear_pid_c20220804__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_z5o7AgsXZKFk" style="width: 16%; text-align: right" title="Weighted Average Exercise Price, Outstanding at beginning of year">1.33</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Issued pursuant to RTO in exchange for options of PNRC</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eifrs-full--NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_pid_uShares_c20220804__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zxVjYUUkTGcc" style="text-align: right" title="Issued">8,827,250</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_ecustom--WeightedAverageGrantedSharesExercisePrice_pid_c20220804__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zZezEUQbRyje" style="text-align: right" title="Weighted Average Exercise Price, Issued">1.16</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Options exercised</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_980_eifrs-full--NumberOfShareOptionsExercisedInSharebasedPaymentArrangement_pid_uShares_c20220804__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zMMcU8KOAlGb" style="border-bottom: Black 1.5pt solid; text-align: right" title="Options exercised">(1,416,000</td><td style="text-align: left">)</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_989_ecustom--WeightedAverageExercisePriceOptionsExercised_pid_c20220804__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zxSwejABxVM7" style="border-bottom: Black 1.5pt solid; text-align: right" title="Weighted Average Exercise Price, Options Exercised">0.46</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Balance as at December 31, 2022</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_98B_eifrs-full--NumberOfOutstandingShareOptions_iE_pid_uShares_c20220804__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zddP9ZY0P2Pa" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Outstanding, End of year">10,407,044</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_98B_ecustom--WeightedAverageExercisePriceOutstandingAtEndOfYear_pid_c20220804__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--StockOptionPlanMember__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zX14abuERll7" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Weighted Average Exercise Price, Outstanding at End of year">1.10</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> | |
| CY2022 | ifrs-full |
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Options Granted During Period Explanatory
DisclosureOfIndirectMeasurementOfFairValueOfGoodsOrServicesReceivedShareOptionsGrantedDuringPeriodExplanatory
|
<p id="xdx_894_eifrs-full--DisclosureOfIndirectMeasurementOfFairValueOfGoodsOrServicesReceivedShareOptionsGrantedDuringPeriodExplanatory_zFhVxVuMJJAd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The fair value of stock options granted and vested during the year ended December 31, 2022 was calculated using the following assumptions:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8BF_zAlhq9QIUmH" style="display: none">SCHEDULE OF INPUTS TO OPTION PRICING MODEL</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%; margin-left: 0pt"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">December 31, 2022</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">December 31, 2021</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Expected dividend yield</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98F_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_uPure_c20220101__20220930_zkVvEHyBzdd9" style="width: 16%; text-align: right" title="Expected dividend yield">0</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_eifrs-full--ExpectedDividendAsPercentageShareOptionsGranted_pid_dp_uPure_c20210101__20211231_zpkdBpZjlcL5" style="width: 16%; text-align: right" title="Expected dividend yield">0</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Latest private placement price</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$<span id="xdx_90E_ecustom--LatestPrivatePlacementPrice_iI_c20221231__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zB8L0ay9bqC9" title="Latest private placement price">0.40</span> - $<span id="xdx_90E_ecustom--LatestPrivatePlacementPrice_iI_c20221231__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zqq3pS5fCvZh" title="Latest private placement price">2.53</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span id="xdx_906_ecustom--LatestPrivatePlacementPrice_iI_c20211231_z1qg1hkYVgk2" title="Latest private placement price">0.95</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Expected share price volatility</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_900_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_dp_c20220101__20221231__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_z4I9dTDBy9C4" title="Expected share price volatility">125.83%</span>-<span id="xdx_907_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_dp_c20220101__20221231__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zjw60cq3uWA1" title="Expected share price volatility">129.48</span></span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_900_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_dp_c20210101__20211231__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zU4PjjCmtKW1" title="Expected share price volatility">125.18%</span>-<span id="xdx_906_eifrs-full--DescriptionOfExpectedVolatilityShareOptionsGranted_dp_c20210101__20211231__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zhxWiaRulHh2" title="Expected share price volatility">127.03</span></span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Risk free interest rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90F_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_dp_c20220101__20221231__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_z01Hilowdzs" title="Risk free interest rate">0.42%</span> - <span id="xdx_904_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_c20220101__20221231__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zUXtZS98ivG5" title="Risk free interest rate">2.85</span></span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_907_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_dp_c20210101__20211231__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zXoqmbp3OZH2" title="Risk free interest rate">0.42%</span> - <span id="xdx_901_eifrs-full--DescriptionOfRiskFreeInterestRateShareOptionsGranted_c20210101__20211231__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zc7X11kYomM8" title="Risk free interest rate">1.11</span></span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Expected life of options</td><td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90F_ecustom--ExpectedLifeOfOptionsGranted_dtY_c20220101__20221231__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zFFQbvmrKto2" title="Expected life of options">4.16</span> - <span id="xdx_903_ecustom--ExpectedLifeOfOptionsGranted_dtY_c20220101__20221231__ifrs-full--RangeAxis__ifrs-full--TopOfRangeMember_zL2ZazNz1Pjg" title="Expected life of options">5</span> years</span></td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90E_ecustom--ExpectedLifeOfOptionsGranted_dtY_c20210101__20211231_zBJXJz2mfRP4" title="Expected life of options">5</span> years</span></td><td style="text-align: left"> </td></tr> </table> | |
| ifrs-full |
Expected Dividend As Percentage Share Options Granted
ExpectedDividendAsPercentageShareOptionsGranted
|
0 | pure | |
| CY2021 | ifrs-full |
Expected Dividend As Percentage Share Options Granted
ExpectedDividendAsPercentageShareOptionsGranted
|
0 | pure |
| CY2021Q4 | PNRLF |
Latest Private Placement Price
LatestPrivatePlacementPrice
|
0.95 | |
| CY2021 | PNRLF |
Expected Life Of Options Granted
ExpectedLifeOfOptionsGranted
|
P5Y | |
| CY2022 | PNRLF |
Disclosure Of Ds Us Shares Outstanding Explanatory
DisclosureOfDSUsSharesOutstandingExplanatory
|
<p id="xdx_897_ecustom--DisclosureOfDSUsSharesOutstandingExplanatory_zsPQ25V2NPS5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the year ended December 31, 2022, DSUs have been granted as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.15in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B8_zLeAFPODHpM" style="display: none">SCHEDULE OF DEFERRED SHARE UNIT PLAN HAVE BEEN GRANTED</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_49C_20220101__20221231__ifrs-full--TypesOfSharebasedPaymentArrangementsAxis__custom--DeferredShareUnitPlanMember_zlwmL7tJv1tk" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr id="xdx_400_eifrs-full--NumberOfSharesOutstanding_iS_zd1X2ILmUSc2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Number of DSUs outstanding at the beginning of the fiscal year</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1498">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eifrs-full--IncreaseDecreaseInNumberOfSharesOutstanding_zarVb3FjXbGb" style="vertical-align: bottom; background-color: White"> <td style="width: 78%; text-align: left; padding-bottom: 1.5pt">Number of DSUs during the year</td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; width: 18%; text-align: right">200,000</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_404_eifrs-full--NumberOfSharesOutstanding_iE_z1GjyIaTjI74" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Number of DSUs outstanding at the end of the year</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">200,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> | |
| CY2022Q4 | ifrs-full |
Reserve Of Sharebased Payments
ReserveOfSharebasedPayments
|
7731117 | cad |
| CY2021Q4 | ifrs-full |
Reserve Of Sharebased Payments
ReserveOfSharebasedPayments
|
1261891 | cad |
| CY2022Q4 | PNRLF |
Share Capital For Exercised Warrants And Options
ShareCapitalForExercisedWarrantsAndOptions
|
3325702 | cad |
| CY2022 | ifrs-full |
Disclosure Of Related Party Explanatory
DisclosureOfRelatedPartyExplanatory
|
<p id="xdx_80A_eifrs-full--DisclosureOfRelatedPartyExplanatory_zmyQg59dJ91i" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>12. <span id="xdx_82A_zTxDfAy0Fld2">RELATED PARTY TRANSACTIONS</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_898_eifrs-full--DisclosureOfTransactionsBetweenRelatedPartiesExplanatory_gL3DOTBRPE-QZWOK_zxCCpRw87QJ4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following amounts due to related parties are included in trade payables and accrued liabilities (note 8).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8BC_zmiwO8ORpTN" style="display: none">SCHEDULE OF AMOUNTS DUE TO RELATED PARTIES, INCLUDED IN TRADE PAYABLES AND ACCRUED LIABILITIES</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_491_20221231_zSOLPs4CUoOj" style="border-bottom: Black 1.5pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 13.5pt 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31,</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 13.5pt 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2022</b></span></p></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_493_20211231_zqYWnM1qKeb6" style="border-bottom: Black 1.5pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31,</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2021</b></span></p></td><td style="padding-bottom: 1.5pt"> </td></tr> <tr id="xdx_402_eifrs-full--TradeAndOtherCurrentPayablesToRelatedParties_iI_hifrs-full--CategoriesOfRelatedPartiesAxis__custom--DirectorsAndOfficersCompanyMember_zMEb6mpxP6w4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Directors and Officers of the Company</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">43,235</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">26,759</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--TradeAndOtherCurrentPayablesToRelatedParties_iI_hifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zVhyenKAfKIe" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt">NAN</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1524">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">199,145</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_400_eifrs-full--TradeAndOtherCurrentPayablesToRelatedParties_iI_zLP33xd7XjC8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Total</span></td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">43,235</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">225,904</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8A0_zJhyM4nVAeX4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These amounts are unsecured, non-interest bearing and have no fixed terms of repayment.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) Related party transactions</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the year ended December 31, 2022, ThreeD Capital subscribed for a further <span id="xdx_90D_ecustom--SaleOfStockSharesOwnedAfterTransaction_iI_c20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThreeDCapitalMember_zN1zBmQrYDYg" title="Number of common shares beneficially owned">1,213,538</span> common shares of PNRC (<span id="xdx_902_ecustom--SaleOfStockSharesOwnedAfterTransaction_iI_c20221231_ztOvDyegk4g7" title="Number of common shares beneficially owned">1,279,069</span> shares on a post-RTO and post-consolidation basis), for a further investment of $<span id="xdx_906_eifrs-full--InvestmentsInSubsidiariesJointVenturesAndAssociates_iI_c20221231__srt--ConsolidationItemsAxis__custom--PostConsolidationBasisMember_zePdjLJ8Ypdi" title="Investment">3,064,582</span> (US$<span id="xdx_909_eifrs-full--InvestmentsInSubsidiariesJointVenturesAndAssociates_iI_c20221231_zQ2oBDBCWaR" title="Investment">2,427,076</span>) (2021 - $<span id="xdx_90B_eifrs-full--InvestmentsInSubsidiariesJointVenturesAndAssociates_iI_c20211231_zDECMXeinpC3" title="Investment">374,123</span>). As of December 31, 2022, ThreeD Capital beneficially owns <span id="xdx_90F_ecustom--SaleOfStockSharesOwnedAfterTransaction_iI_c20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThreeDCapitalMember__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zsTkmFLihI5i" title="Number of common shares beneficially owned">8,662,347</span> shares (2021 - <span id="xdx_903_ecustom--SaleOfStockSharesOwnedAfterTransaction_iI_c20211231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThreeDCapitalMember__ifrs-full--RangeAxis__ifrs-full--BottomOfRangeMember_zL5lWquWZuxb" title="Number of common shares beneficially owned">7,383,278</span> shares) in both cases on a post-RTO and post-consolidation basis, constituting approximately <span id="xdx_905_ecustom--IfrsSaleOfStockPercentageOfOwnershipAfterTransaction_iI_dp_c20221231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThreeDCapitalMember_zCphjSglHoma" title="Number of common shares beneficially owned, percentage">7.5%</span> (2021 – <span id="xdx_900_ecustom--IfrsSaleOfStockPercentageOfOwnershipAfterTransaction_iI_dp_c20211231__ifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThreeDCapitalMember_zTe1Ot0KBkDh" title="Number of common shares beneficially owned, percentage">9.14%</span>) of the issued and outstanding shares of the Company.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span id="xdx_C0B_gL3DOTBRPE-QZWOK_zDRYk4J9e5Rg"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></p> <div id="xdx_C0D_gL3DOTBRPE-QZWOK_zmzUm6kmDNs2"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span>Between March 2 and March 3, 2022, PNRC issued promissory notes to its officers and directors as well as its shareholders as below:</span></span></p> <div><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" id="xdx_307_134_zLWzi8FkwLC6" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto" summary="xdx: Disclosure - SCHEDULE OF AMOUNTS DUE TO RELATED PARTIES, INCLUDED IN TRADE PAYABLES AND ACCRUED LIABILITIES (Details)"> <tr style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49C_20220303_zZQccC1FViT7" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eifrs-full--TradeAndOtherCurrentPayablesToRelatedParties_iI_hifrs-full--CategoriesOfRelatedPartiesAxis__custom--DirectorsAndOfficersCompanyMember_zAXozReyTs41" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 78%; text-align: justify">Directors and Officers of the Company</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 18%; text-align: right">35,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_400_eifrs-full--TradeAndOtherCurrentPayablesToRelatedParties_iI_hifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThreeDCapitalMember_zH8bBH3cPnz8" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">ThreeD Capital</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">762,180</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--TradeAndOtherCurrentPayablesToRelatedParties_iI_hifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zoax7mBmm2Xc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">NAN</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,270,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eifrs-full--TradeAndOtherCurrentPayablesToRelatedParties_iI_zLSa9GHLQ705" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Total</span></td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">2,067,180</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> </div></div><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span><span id="xdx_C03_gL3DOTBRPE-QZWOK_z7WlWHZzvGKh"> </span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021</span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Expressed in Canadian dollars)</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.75pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On April 30, 2022, all amounts owing in respect of the above promissory notes were repaid in full by payment of cash in an amount of $<span id="xdx_906_eifrs-full--RepaymentsOfBondsNotesAndDebentures_c20220430__20220430_zdESX2rbiO81" title="Payment of promissory notes">2,018,568</span>, including interest and fees, and by issuing <span id="xdx_902_ecustom--ShareIssuedPriorToRtoInConnectionWithPromissoryNotes_iI_c20220430_zHVePU03Pkt5" title="Share issued prior to RTO in connection with Promissory Notes">310,000</span> PNRC Shares (<span id="xdx_90C_ecustom--SaleOfStockSharesOwnedAfterTransaction_iI_c20220430_zu12mVNtd1b7" title="Number of common shares beneficially owned">326,740</span> shares of the Company on a post-RTO and post-consolidation basis).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) Key management personnel is defined as members of the Board of Directors and senior officers.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_898_eifrs-full--DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatory_zKrDScGvAME8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Key management compensation was related to the following:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8BD_z36xumfuLTTg" style="display: none">SCHEDULE OF KEY MANAGEMENT COMPENSATION</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-left: 0pt"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49F_20220101__20221231_zbKdna2ngBOk" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">December 31, 2022</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49F_20210101__20211231_zMU04ErrXWOl" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">December 31, 2021</td><td style="font-weight: bold"> </td></tr> <tr id="xdx_402_ecustom--KeyManagementPersonnelCompensationManagementFees_maKMPCzhT1_zD6tLs1clzcd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Management fees</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">2,418,984</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">675,001</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_400_eifrs-full--KeyManagementPersonnelCompensationPostemploymentBenefits_maKMPCzhT1_zULgJm717Oi4" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Due diligence BCL</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1567">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">131,600</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eifrs-full--KeyManagementPersonnelCompensationOtherLongtermBenefits_maKMPCzhT1_zERN36jsXf5b" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Corporate and administration expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">102,884</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">108,193</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--KeyManagementPersonnelCompensationSharebasedPayment_maKMPCzhT1_zApnMD5xZnXa" style="vertical-align: bottom; background-color: White"> <td>Share base payment</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">4,623,089</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,019,932</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eifrs-full--KeyManagementPersonnelCompensation_iT_mtKMPCzhT1_zNCJEaIYCKwk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Total</span></td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">7,144,957</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,934,726</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8AD_z52b9kBnOEo3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> | |
| CY2022 | ifrs-full |
Disclosure Of Transactions Between Related Parties Explanatory
DisclosureOfTransactionsBetweenRelatedPartiesExplanatory
|
<p id="xdx_898_eifrs-full--DisclosureOfTransactionsBetweenRelatedPartiesExplanatory_gL3DOTBRPE-QZWOK_zxCCpRw87QJ4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following amounts due to related parties are included in trade payables and accrued liabilities (note 8).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8BC_zmiwO8ORpTN" style="display: none">SCHEDULE OF AMOUNTS DUE TO RELATED PARTIES, INCLUDED IN TRADE PAYABLES AND ACCRUED LIABILITIES</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_491_20221231_zSOLPs4CUoOj" style="border-bottom: Black 1.5pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 13.5pt 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31,</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 13.5pt 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2022</b></span></p></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_493_20211231_zqYWnM1qKeb6" style="border-bottom: Black 1.5pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31,</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2021</b></span></p></td><td style="padding-bottom: 1.5pt"> </td></tr> <tr id="xdx_402_eifrs-full--TradeAndOtherCurrentPayablesToRelatedParties_iI_hifrs-full--CategoriesOfRelatedPartiesAxis__custom--DirectorsAndOfficersCompanyMember_zMEb6mpxP6w4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Directors and Officers of the Company</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">43,235</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">26,759</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--TradeAndOtherCurrentPayablesToRelatedParties_iI_hifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zVhyenKAfKIe" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt">NAN</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1524">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">199,145</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_400_eifrs-full--TradeAndOtherCurrentPayablesToRelatedParties_iI_zLP33xd7XjC8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Total</span></td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">43,235</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">225,904</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span>Between March 2 and March 3, 2022, PNRC issued promissory notes to its officers and directors as well as its shareholders as below:</span></span></p> <div><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" id="xdx_307_134_zLWzi8FkwLC6" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto" summary="xdx: Disclosure - SCHEDULE OF AMOUNTS DUE TO RELATED PARTIES, INCLUDED IN TRADE PAYABLES AND ACCRUED LIABILITIES (Details)"> <tr style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49C_20220303_zZQccC1FViT7" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eifrs-full--TradeAndOtherCurrentPayablesToRelatedParties_iI_hifrs-full--CategoriesOfRelatedPartiesAxis__custom--DirectorsAndOfficersCompanyMember_zAXozReyTs41" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 78%; text-align: justify">Directors and Officers of the Company</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 18%; text-align: right">35,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_400_eifrs-full--TradeAndOtherCurrentPayablesToRelatedParties_iI_hifrs-full--CategoriesOfRelatedPartiesAxis__custom--ThreeDCapitalMember_zH8bBH3cPnz8" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">ThreeD Capital</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">762,180</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--TradeAndOtherCurrentPayablesToRelatedParties_iI_hifrs-full--CategoriesOfRelatedPartiesAxis__custom--NorthAmericanNickelIncMember_zoax7mBmm2Xc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">NAN</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,270,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eifrs-full--TradeAndOtherCurrentPayablesToRelatedParties_iI_zLSa9GHLQ705" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Total</span></td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">2,067,180</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> </div> | |
| CY2022Q4 | ifrs-full |
Trade And Other Current Payables To Related Parties
TradeAndOtherCurrentPayablesToRelatedParties
|
43235 | cad |
| CY2021Q4 | ifrs-full |
Trade And Other Current Payables To Related Parties
TradeAndOtherCurrentPayablesToRelatedParties
|
225904 | cad |
| CY2022Q4 | PNRLF |
Sale Of Stock Shares Owned After Transaction
SaleOfStockSharesOwnedAfterTransaction
|
1279069 | shares |
| CY2022Q4 | ifrs-full |
Investments In Subsidiaries Joint Ventures And Associates
InvestmentsInSubsidiariesJointVenturesAndAssociates
|
2427076 | cad |
| CY2021Q4 | ifrs-full |
Investments In Subsidiaries Joint Ventures And Associates
InvestmentsInSubsidiariesJointVenturesAndAssociates
|
374123 | cad |
| CY2022Q1 | ifrs-full |
Trade And Other Current Payables To Related Parties
TradeAndOtherCurrentPayablesToRelatedParties
|
2067180 | cad |
| CY2022Q2 | ifrs-full |
Repayments Of Bonds Notes And Debentures
RepaymentsOfBondsNotesAndDebentures
|
2018568 | cad |
| CY2022Q2 | PNRLF |
Share Issued Prior To Rto In Connection With Promissory Notes
ShareIssuedPriorToRtoInConnectionWithPromissoryNotes
|
310000 | shares |
| CY2022Q2 | PNRLF |
Sale Of Stock Shares Owned After Transaction
SaleOfStockSharesOwnedAfterTransaction
|
326740 | shares |
| CY2022 | ifrs-full |
Disclosure Of Amounts Incurred By Entity For Provision Of Key Management Personnel Services Provided By Separate Management Entities Explanatory
DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatory
|
<p id="xdx_898_eifrs-full--DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatory_zKrDScGvAME8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Key management compensation was related to the following:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8BD_z36xumfuLTTg" style="display: none">SCHEDULE OF KEY MANAGEMENT COMPENSATION</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-left: 0pt"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49F_20220101__20221231_zbKdna2ngBOk" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">December 31, 2022</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49F_20210101__20211231_zMU04ErrXWOl" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">December 31, 2021</td><td style="font-weight: bold"> </td></tr> <tr id="xdx_402_ecustom--KeyManagementPersonnelCompensationManagementFees_maKMPCzhT1_zD6tLs1clzcd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Management fees</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">2,418,984</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">675,001</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_400_eifrs-full--KeyManagementPersonnelCompensationPostemploymentBenefits_maKMPCzhT1_zULgJm717Oi4" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Due diligence BCL</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1567">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">131,600</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eifrs-full--KeyManagementPersonnelCompensationOtherLongtermBenefits_maKMPCzhT1_zERN36jsXf5b" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Corporate and administration expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">102,884</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">108,193</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eifrs-full--KeyManagementPersonnelCompensationSharebasedPayment_maKMPCzhT1_zApnMD5xZnXa" style="vertical-align: bottom; background-color: White"> <td>Share base payment</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">4,623,089</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,019,932</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eifrs-full--KeyManagementPersonnelCompensation_iT_mtKMPCzhT1_zNCJEaIYCKwk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Total</span></td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">7,144,957</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,934,726</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> | |
| CY2022 | PNRLF |
Key Management Personnel Compensation Management Fees
KeyManagementPersonnelCompensationManagementFees
|
2418984 | cad |
| CY2021 | PNRLF |
Key Management Personnel Compensation Management Fees
KeyManagementPersonnelCompensationManagementFees
|
675001 | cad |
| CY2021 | ifrs-full |
Key Management Personnel Compensation Postemployment Benefits
KeyManagementPersonnelCompensationPostemploymentBenefits
|
131600 | cad |
| CY2022 | ifrs-full |
Key Management Personnel Compensation Other Longterm Benefits
KeyManagementPersonnelCompensationOtherLongtermBenefits
|
102884 | cad |
| CY2021 | ifrs-full |
Key Management Personnel Compensation Other Longterm Benefits
KeyManagementPersonnelCompensationOtherLongtermBenefits
|
108193 | cad |
| CY2022 | ifrs-full |
Key Management Personnel Compensation Sharebased Payment
KeyManagementPersonnelCompensationSharebasedPayment
|
4623089 | cad |
| CY2021 | ifrs-full |
Key Management Personnel Compensation Sharebased Payment
KeyManagementPersonnelCompensationSharebasedPayment
|
1019932 | cad |
| CY2022 | ifrs-full |
Key Management Personnel Compensation
KeyManagementPersonnelCompensation
|
7144957 | cad |
| CY2021 | ifrs-full |
Key Management Personnel Compensation
KeyManagementPersonnelCompensation
|
1934726 | cad |
| CY2022 | ifrs-full |
Disclosure Of Financial Instruments Explanatory
DisclosureOfFinancialInstrumentsExplanatory
|
<p id="xdx_805_eifrs-full--DisclosureOfFinancialInstrumentsExplanatory_zH6G3dJl8HU2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>13. <span id="xdx_82D_zeIs3jnFlPy">FINANCIAL INSTRUMENTS</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company thoroughly examines the various financial instrument risks to which it is exposed and assesses the impact and likelihood of those risks. These risks may include interest rate risk, credit risk, liquidity risk, market risk and currency risk. The carrying value of cash and trade payables and accrued liabilities approximate their fair value due to their short-term nature. The fair value of the Promissory Note, vehicle financing and lease liability are equal to their carrying values as all these amounts carry a fix interest rate. The fair value of the DSUs is the closing price of the Company’s common share at the end of each reporting period. Fair value measurements of financial instruments are required to be classified using a fair value hierarchy that reflects the significance of inputs in making the measurements. The levels of the fair value hierarchy are defined as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level 3 – Inputs for the asset or liability that are not based on observable market data.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.15in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On December 31, 2022, the fair value of the Company’s warrant liabilities are based on Level 3 measurements and the fair value of cash and DSUs is based on Level 1 measurements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> | |
| CY2022 | ifrs-full |
Disclosure Of Financial Risk Management Explanatory
DisclosureOfFinancialRiskManagementExplanatory
|
<p id="xdx_80A_eifrs-full--DisclosureOfFinancialRiskManagementExplanatory_zsCFthMhTMRe" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>14. <span id="xdx_829_zUI1veI1MX2c">RISK MANAGEMENT</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s exposure to market risk includes, but is not limited to, the following risks:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Interest Rate Risk</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Interest rate risk is the risk that the future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company is not subject to significant changes in interest rates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Foreign Currency Exchange Rate Risk</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Currency risk is risk that the fair value of future cash flows will fluctuate because of changes in foreign currency exchange rates. In addition, the value of cash and other financial assets and liabilities denominated in foreign currencies can fluctuate with changes in currency exchange rates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021</span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Expressed in Canadian dollars)</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.75pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company operates in Canada, Barbados and Botswana and undertakes transactions denominated in foreign currencies such as US dollar and Botswana Pula, and consequently is exposed to exchange rate risks. Exchange risks are managed by matching levels of foreign currency balances and related obligations and by maintaining operating cash accounts in non-Canadian dollar currencies.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_897_ecustom--DisclosureOfDetailedInformationOfForeignCurrencyFinancialAssetsAndLiabilitiesExplanatory_zwgogXt08y5g" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Foreign currency denominated financial assets and liabilities which expose the Company to currency risk are disclosed below. The amount shown are those reported and translated into CAD at the closing rate.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B0_zSX1DL9t59ek" style="display: none">SCHEDULE OF FOREIGN CURRENCY FINANCIAL ASSETS AND LIABILITIES</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Short -term exposure</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Long-term exposure</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">USD</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">BWP</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">BWP</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify">December 31, 2022</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 40%; text-align: justify">Financial assets</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_eifrs-full--CurrentFinancialAssets_iI_uUSD_c20221231_zZ5kMB2Shgs8" style="width: 16%; text-align: right" title="Financial assets, Short term exposure">2,834,303</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98E_eifrs-full--CurrentFinancialAssets_iI_uBWP_c20221231_zMkwWX1ynyKb" style="width: 16%; text-align: right" title="Financial assets, Short term exposure">473,980</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98B_eifrs-full--NoncurrentFinancialAssets_iI_uBWP_c20221231_zm8plCPIIfp7" style="width: 16%; text-align: right" title="Financial assets, Long term exposure">32,058,793</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Financial liabilities</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_988_eifrs-full--CurrentFinancialLiabilities_iNI_di_uUSD_c20221231_z6me4ox4ce2" style="border-bottom: Black 1.5pt solid; text-align: right" title="Financial liabilities, Short term exposure">(1,246,825</td><td style="text-align: left">)</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_986_eifrs-full--CurrentFinancialLiabilities_iNI_di_uBWP_c20221231_zqkOn3SPpYRa" style="border-bottom: Black 1.5pt solid; text-align: right" title="Financial liabilities, Short term exposure">(2,176,110</td><td style="text-align: left">)</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_987_eifrs-full--NoncurrentFinancialLiabilities_iNI_di_uBWP_c20221231_zOLXU5uv2iSj" style="border-bottom: Black 1.5pt solid; text-align: right" title="Financial liabilities, Long term exposure">(1,530,341</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: justify">Total exposure</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_988_ecustom--FinancialAssetsAndLiabilitiesNetCurrent_iI_uUSD_c20221231_za1pW530c9j" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total exposure, Short term exposure">1,587,477</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_98C_ecustom--FinancialAssetsAndLiabilitiesNetCurrent_iI_uBWP_c20221231_zQXsrMN6wCcl" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total exposure, Short term exposure">(1,702,130</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_981_ecustom--FinancialAssetsAndLiabilitiesNetNonCurrent_iI_uBWP_c20221231_zDtBXoORTWk" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total exposure, Long term exposure">30,528,452</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Short -term exposure</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Long-term exposure</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">USD</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">BWP</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">BWP</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify">December 31, 2021</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 40%; text-align: justify">Financial assets</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_986_eifrs-full--CurrentFinancialAssets_iI_uUSD_c20211231_zPC1mg4tBbjk" style="width: 16%; text-align: right" title="Financial assets, Short term exposure">244,154</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_eifrs-full--CurrentFinancialAssets_iI_uBWP_c20211231_zYvs2vALsiI5" style="width: 16%; text-align: right" title="Financial assets, Short term exposure">155,548</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98A_eifrs-full--NoncurrentFinancialAssets_iI_uBWP_c20211231_z1jPSeUxK35l" style="width: 16%; text-align: right" title="Financial assets, Long term exposure">739,767</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Financial liabilities</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_980_eifrs-full--CurrentFinancialLiabilities_iNI_di_uUSD_c20211231_zl5sJ2ziUv1b" style="border-bottom: Black 1.5pt solid; text-align: right" title="Financial liabilities, Short term exposure">(34,231</td><td style="text-align: left">)</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_982_eifrs-full--CurrentFinancialLiabilities_iNI_di_uBWP_c20211231_zhxXLHgRlF97" style="border-bottom: Black 1.5pt solid; text-align: right" title="Financial liabilities, Short term exposure">(130,270</td><td style="text-align: left">)</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_983_eifrs-full--NoncurrentFinancialLiabilities_iNI_di_uBWP_c20211231_zcFNskNeuH7c" style="border-bottom: Black 1.5pt solid; text-align: right" title="Financial liabilities, Long term exposure"><span style="-sec-ix-hidden: xdx2ixbrl1613">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: justify">Total exposure</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_98D_ecustom--FinancialAssetsAndLiabilitiesNetCurrent_iI_uUSD_c20211231_zlhUFRu942D" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total exposure, Short term exposure">209,924</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_982_ecustom--FinancialAssetsAndLiabilitiesNetCurrent_iI_uBWP_c20211231_zfBITRptXx4h" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total exposure, Short term exposure">25,278</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_98A_ecustom--FinancialAssetsAndLiabilitiesNetNonCurrent_iI_uBWP_c20211231_zIyDL9ss3qPd" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total exposure, Long term exposure">739,767</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8AD_zPjhduy5nfm3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table illustrates the sensitivity of net loss in relating to the Company’s financial assets and financial liabilities and the USD/CAD exchange rate and BWP/CAD exchange rate all other things being equal. It assumes +/- 5% change of the USD/CAD and BWP/CAD exchange rates for the year ended December 31, 2022 and 2021 respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_89F_ecustom--DisclosureOfDetailedInformationOfChangesInExchangeRatesExplanatory_zS2BgRAUO1p9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">If the CAD strengthened against the USD and BWP by 5% respectively, (2021 – 5 %), it would have had the following impact:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8BD_zibBqQChrohj" style="display: none">SCHEDULE OF CHANGES IN EXCHANGE RATES</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Profit for the year</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: justify"> </td><td style="padding-bottom: 1.5pt"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Long-term exposure profit for the year</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">USD</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">BWP</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Total</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">BWP</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; text-align: justify; padding-bottom: 1.5pt">December 31, 2022</td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td id="xdx_982_eifrs-full--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_uUSD_c20220101__20221231__srt--StatementScenarioAxis__custom--ExchangeRateStrengthenedMember_zUMlVrdWNZl9" style="border-bottom: Black 1.5pt solid; width: 11%; text-align: right" title="Profit for the year">79,374</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td id="xdx_984_eifrs-full--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_uBWP_c20220101__20221231__srt--StatementScenarioAxis__custom--ExchangeRateStrengthenedMember_zpMLOcsGszpk" style="border-bottom: Black 1.5pt solid; width: 11%; text-align: right" title="Profit for the year">(85,106</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left">)</td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td id="xdx_982_eifrs-full--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_c20220101__20221231__srt--StatementScenarioAxis__custom--ExchangeRateStrengthenedMember_zUneci31xuZc" style="border-bottom: Black 1.5pt solid; width: 11%; text-align: right" title="Profit for the year">(5,733</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left">)</td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td id="xdx_988_ecustom--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLossForLongTerm_uBWP_c20220101__20221231__srt--StatementScenarioAxis__custom--ExchangeRateStrengthenedMember_zLzgoCgzaAWj" style="border-bottom: Black 1.5pt solid; width: 11%; text-align: right" title="Long-term exposure profit for the year">1,526,423</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1.5pt">December 31, 2021</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98E_eifrs-full--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_uUSD_c20210101__20211231__srt--StatementScenarioAxis__custom--ExchangeRateStrengthenedMember_z0GlKnIIMBEg" style="border-bottom: Black 1.5pt solid; text-align: right" title="Profit for the year">10,496</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98A_eifrs-full--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_uBWP_c20210101__20211231__srt--StatementScenarioAxis__custom--ExchangeRateStrengthenedMember_zl5zmDUF1tk5" style="border-bottom: Black 1.5pt solid; text-align: right" title="Profit for the year">1,264</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98C_eifrs-full--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_c20210101__20211231__srt--StatementScenarioAxis__custom--ExchangeRateStrengthenedMember_zlJYuR6c0lye" style="border-bottom: Black 1.5pt solid; text-align: right" title="Profit for the year">11,760</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_980_ecustom--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLossForLongTerm_uBWP_c20210101__20211231__srt--StatementScenarioAxis__custom--ExchangeRateStrengthenedMember_zEnzgjatUzU6" style="border-bottom: Black 1.5pt solid; text-align: right" title="Long-term exposure profit for the year">36,988</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">If the CAD weakened against the USD and BWP by 5% respectively, (2021 – 5 %), it would have had the following impact:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Profit for the year</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Long-term exposure profit for the year</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">USD</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">BWP</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Total</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">BWP</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; text-align: justify">December 31, 2022</td><td style="width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td id="xdx_98F_eifrs-full--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_uUSD_c20220101__20221231__srt--StatementScenarioAxis__custom--ExchangeRateWeakenedMember_zj9DhkgopK51" style="border-bottom: Black 1.5pt solid; width: 11%; text-align: right" title="Profit for the year">(79,374</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td id="xdx_98E_eifrs-full--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_uBWP_c20220101__20221231__srt--StatementScenarioAxis__custom--ExchangeRateWeakenedMember_zc26X6JCw0Hf" style="border-bottom: Black 1.5pt solid; width: 11%; text-align: right" title="Profit for the year">85,106</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td id="xdx_985_eifrs-full--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_c20220101__20221231__srt--StatementScenarioAxis__custom--ExchangeRateWeakenedMember_zuYLdD5Acine" style="border-bottom: Black 1.5pt solid; width: 11%; text-align: right" title="Profit for the year">5,733</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td id="xdx_987_ecustom--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLossForLongTerm_uBWP_c20220101__20221231__srt--StatementScenarioAxis__custom--ExchangeRateWeakenedMember_zoTiAegbwIMk" style="border-bottom: Black 1.5pt solid; width: 11%; text-align: right" title="Long-term exposure profit for the year">(1,526,423</td><td style="width: 1%; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">December 31, 2021</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98F_eifrs-full--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_uUSD_c20210101__20211231__srt--StatementScenarioAxis__custom--ExchangeRateWeakenedMember_zGptHoML1p3d" style="border-bottom: Black 1.5pt solid; text-align: right" title="Profit for the year">(10,496</td><td style="text-align: left">)</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_989_eifrs-full--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_uBWP_c20210101__20211231__srt--StatementScenarioAxis__custom--ExchangeRateWeakenedMember_zbu6liT6MTqc" style="border-bottom: Black 1.5pt solid; text-align: right" title="Profit for the year">(1,264</td><td style="text-align: left">)</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_989_eifrs-full--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_c20210101__20211231__srt--StatementScenarioAxis__custom--ExchangeRateWeakenedMember_zUbB8Ze5wE1l" style="border-bottom: Black 1.5pt solid; text-align: right" title="Profit for the year">(11,760</td><td style="text-align: left">)</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98B_ecustom--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLossForLongTerm_uBWP_c20210101__20211231__srt--StatementScenarioAxis__custom--ExchangeRateWeakenedMember_zKdNCQOiUyK6" style="border-bottom: Black 1.5pt solid; text-align: right" title="Long-term exposure profit for the year">(36,988</td><td style="text-align: left">)</td></tr> </table> <p id="xdx_8A8_z4lPDL1CWHtg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The higher foreign currency exchange rate sensitivity in profit in 2022 compared with 2021 is attributable to an increase in activities of foreign operations in Botswana and Barbados.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021</span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Expressed in Canadian dollars)</span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Credit Risk</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Credit risk is the risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation. The credit risk is primarily associated with liquid financial assets. The Company limits exposure to credit risk on liquid financial assets by holding cash at highly-rated financial institutions.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Liquidity Risk</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Liquidity risk is the risk that the Company will encounter difficulty in meeting obligations associated with financial liabilities that are settled by delivering cash or another financial asset. The Company manages the liquidity risk inherent in these financial obligations by regularly monitoring actual cash flows to annual budget which forecast cash and expected cash availability to meet future obligations</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company will defer discretionary expenditures, as required, in order to manage and conserve cash required for current liabilities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_892_eifrs-full--DisclosureOfFinancialLiabilitiesHeldForTradingExplanatory_zUW9kBchBIIf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table shows the Company’s contractual obligations as at December 31, 2022:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.45pt 0pt 10.75pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BF_zg0KFJk75nf3" style="display: none">SCHEDULE OF CONTRACTUAL OBLIGATIONS</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: justify">December 31, 2022</td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49D_20221231__ifrs-full--ClassesOfContingentLiabilitiesAxis__ifrs-full--LaterThanSixMonthsAndNotLaterThanOneYearMember_z6ljqlt1IH36" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Less than 1 year</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49C_20221231__ifrs-full--ClassesOfContingentLiabilitiesAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_zCYYPpt7VHX9" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">1 - 2 years</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49A_20221231__ifrs-full--ClassesOfContingentLiabilitiesAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanFiveYearsMember_zFM5lUgEqlIc" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2 - 5 years</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49D_20221231_zVoq1m2tVs5e" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Trade payables and</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eifrs-full--TradeAndOtherPayablesToTradeSuppliers_iI_zGKmFzqQZ9U4" style="vertical-align: bottom; background-color: White"> <td style="width: 40%; text-align: left">accrued liabilities</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 11%; text-align: right">4,450,966</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 11%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1658">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 11%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1659">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 11%; text-align: right">4,450,966</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_eifrs-full--TradeAndOtherPayablesToTradeSuppliers_iI_zKQi5QH4yAth" style="display: none; vertical-align: bottom; background-color: White"> <td style="text-align: left">Trade payables and accrued liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,450,966</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1663">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1664">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,450,966</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eifrs-full--PayablesForPurchaseOfNoncurrentAssets_iI_zDRKgGerhtTi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Vehicle financing</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">50,291</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">50,291</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">64,062</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">164,644</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--LeaseLiabilities_iI_z3z4DohhTMCa" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Lease liability</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,365,697</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,365,697</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1674">-</span></td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,731,394</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eifrs-full--TradeAndOtherPayablesToRelatedParties_iI_zsGQIjDsdCka" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span style="display: none; font-family: Times New Roman, Times, Serif">Total</span></td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">5,866,954</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,415,988</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">64,062</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">7,347,004</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8AB_zJvk9kC4Y2wc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Capital Risk Management</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company manages its capital to ensure that it will be able to continue as a going concern, so that adequate funds are available or are scheduled to be raised to meet its ongoing administrative and operating costs and obligations. This is achieved by the Board of Directors’ review and ultimate approval of budgets that are achievable within existing resources, and the timely matching and release of the next stage of expenditures with the resources made available from capital raisings and debt funding from related or other parties. In doing so, the Company may issue new shares, restructure or issue new debt.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company is not subject to any externally imposed capital requirements imposed by a regulator or a lending institution.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_894_eifrs-full--DisclosureOfFinancialInstrumentsHeldForTradingExplanatory_z0CuLZGZS2sd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In the management of capital, the Company includes the components of equity (deficiency), loans and borrowings, and other current liabilities, net of cash.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8BC_ziROf8UmvBtb" style="display: none">SCHEDULE OF COMPONENTS OF EQUITY DEFICIENCY, LOANS AND BORROWING, OTHER CURRENT LIABILITIES, NET OF CASH</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_493_20221231_zAwYMn8ZRBOf" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">December 31, 2022</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_499_20211231_zNB86s8sExh9" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">December 31, 2021</td><td style="font-weight: bold"> </td></tr> <tr id="xdx_407_eifrs-full--Equity_iI_maTLAEz2y0_zdpxucxvgfJ8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Shareholder’s equity (deficiency)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">27,188,344</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">(4,316,964</td><td style="width: 1%; text-align: left">)</td></tr> <tr id="xdx_409_eifrs-full--CurrentLiabilities_iI_maTLAEz2y0_zlKTAbBWFnEb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Current liabilities</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">12,462,372</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">580,486</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--TotalLiabilitiesAndEquity_iTI_mtTLAEz2y0_maMCz53I_zFoJTCcUWzQj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span style="display: none; font-family: Times New Roman, Times, Serif">Total liabilities and equity</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">39,650,716</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3,736,478</td><td style="text-align: left">)</td></tr> <tr id="xdx_408_eifrs-full--CashAndCashEquivalents_iNI_di_msMCz53I_zLk55WpIaY06" style="vertical-align: bottom; background-color: White"> <td>Cash</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(5,162,991</td><td style="text-align: left">)</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,990,203</td><td style="text-align: left">)</td></tr> <tr id="xdx_40C_ecustom--ManagementCapital_iTI_mtMCz53I_zzXNZ71FWTXb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span style="display: none; font-family: Times New Roman, Times, Serif">Total</span></td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">34,487,725</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(5,726,681</td><td style="font-weight: bold; text-align: left">)</td></tr> </table> <p id="xdx_8AA_zxpWO5SgkXOh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021</span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Expressed in Canadian dollars)</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
| CY2022 | PNRLF |
Disclosure Of Detailed Information Of Foreign Currency Financial Assets And Liabilities Explanatory
DisclosureOfDetailedInformationOfForeignCurrencyFinancialAssetsAndLiabilitiesExplanatory
|
<p id="xdx_897_ecustom--DisclosureOfDetailedInformationOfForeignCurrencyFinancialAssetsAndLiabilitiesExplanatory_zwgogXt08y5g" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Foreign currency denominated financial assets and liabilities which expose the Company to currency risk are disclosed below. The amount shown are those reported and translated into CAD at the closing rate.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B0_zSX1DL9t59ek" style="display: none">SCHEDULE OF FOREIGN CURRENCY FINANCIAL ASSETS AND LIABILITIES</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Short -term exposure</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Long-term exposure</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">USD</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">BWP</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">BWP</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify">December 31, 2022</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 40%; text-align: justify">Financial assets</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_eifrs-full--CurrentFinancialAssets_iI_uUSD_c20221231_zZ5kMB2Shgs8" style="width: 16%; text-align: right" title="Financial assets, Short term exposure">2,834,303</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98E_eifrs-full--CurrentFinancialAssets_iI_uBWP_c20221231_zMkwWX1ynyKb" style="width: 16%; text-align: right" title="Financial assets, Short term exposure">473,980</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98B_eifrs-full--NoncurrentFinancialAssets_iI_uBWP_c20221231_zm8plCPIIfp7" style="width: 16%; text-align: right" title="Financial assets, Long term exposure">32,058,793</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Financial liabilities</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_988_eifrs-full--CurrentFinancialLiabilities_iNI_di_uUSD_c20221231_z6me4ox4ce2" style="border-bottom: Black 1.5pt solid; text-align: right" title="Financial liabilities, Short term exposure">(1,246,825</td><td style="text-align: left">)</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_986_eifrs-full--CurrentFinancialLiabilities_iNI_di_uBWP_c20221231_zqkOn3SPpYRa" style="border-bottom: Black 1.5pt solid; text-align: right" title="Financial liabilities, Short term exposure">(2,176,110</td><td style="text-align: left">)</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_987_eifrs-full--NoncurrentFinancialLiabilities_iNI_di_uBWP_c20221231_zOLXU5uv2iSj" style="border-bottom: Black 1.5pt solid; text-align: right" title="Financial liabilities, Long term exposure">(1,530,341</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: justify">Total exposure</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_988_ecustom--FinancialAssetsAndLiabilitiesNetCurrent_iI_uUSD_c20221231_za1pW530c9j" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total exposure, Short term exposure">1,587,477</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_98C_ecustom--FinancialAssetsAndLiabilitiesNetCurrent_iI_uBWP_c20221231_zQXsrMN6wCcl" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total exposure, Short term exposure">(1,702,130</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_981_ecustom--FinancialAssetsAndLiabilitiesNetNonCurrent_iI_uBWP_c20221231_zDtBXoORTWk" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total exposure, Long term exposure">30,528,452</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Short -term exposure</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Long-term exposure</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">USD</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">BWP</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">BWP</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify">December 31, 2021</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 40%; text-align: justify">Financial assets</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_986_eifrs-full--CurrentFinancialAssets_iI_uUSD_c20211231_zPC1mg4tBbjk" style="width: 16%; text-align: right" title="Financial assets, Short term exposure">244,154</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_eifrs-full--CurrentFinancialAssets_iI_uBWP_c20211231_zYvs2vALsiI5" style="width: 16%; text-align: right" title="Financial assets, Short term exposure">155,548</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98A_eifrs-full--NoncurrentFinancialAssets_iI_uBWP_c20211231_z1jPSeUxK35l" style="width: 16%; text-align: right" title="Financial assets, Long term exposure">739,767</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Financial liabilities</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_980_eifrs-full--CurrentFinancialLiabilities_iNI_di_uUSD_c20211231_zl5sJ2ziUv1b" style="border-bottom: Black 1.5pt solid; text-align: right" title="Financial liabilities, Short term exposure">(34,231</td><td style="text-align: left">)</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_982_eifrs-full--CurrentFinancialLiabilities_iNI_di_uBWP_c20211231_zhxXLHgRlF97" style="border-bottom: Black 1.5pt solid; text-align: right" title="Financial liabilities, Short term exposure">(130,270</td><td style="text-align: left">)</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_983_eifrs-full--NoncurrentFinancialLiabilities_iNI_di_uBWP_c20211231_zcFNskNeuH7c" style="border-bottom: Black 1.5pt solid; text-align: right" title="Financial liabilities, Long term exposure"><span style="-sec-ix-hidden: xdx2ixbrl1613">-</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: justify">Total exposure</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_98D_ecustom--FinancialAssetsAndLiabilitiesNetCurrent_iI_uUSD_c20211231_zlhUFRu942D" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total exposure, Short term exposure">209,924</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_982_ecustom--FinancialAssetsAndLiabilitiesNetCurrent_iI_uBWP_c20211231_zfBITRptXx4h" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total exposure, Short term exposure">25,278</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_98A_ecustom--FinancialAssetsAndLiabilitiesNetNonCurrent_iI_uBWP_c20211231_zIyDL9ss3qPd" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total exposure, Long term exposure">739,767</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> | |
| CY2022Q4 | ifrs-full |
Current Financial Assets
CurrentFinancialAssets
|
2834303 | usd |
| CY2022Q4 | ifrs-full |
Current Financial Assets
CurrentFinancialAssets
|
473980 | bwp |
| CY2022Q4 | ifrs-full |
Noncurrent Financial Assets
NoncurrentFinancialAssets
|
32058793 | bwp |
| CY2022Q4 | ifrs-full |
Current Financial Liabilities
CurrentFinancialLiabilities
|
1246825 | usd |
| CY2022Q4 | ifrs-full |
Current Financial Liabilities
CurrentFinancialLiabilities
|
2176110 | bwp |
| CY2022Q4 | ifrs-full |
Noncurrent Financial Liabilities
NoncurrentFinancialLiabilities
|
1530341 | bwp |
| CY2022Q4 | PNRLF |
Financial Assets And Liabilities Net Current
FinancialAssetsAndLiabilitiesNetCurrent
|
1587477 | usd |
| CY2022Q4 | PNRLF |
Financial Assets And Liabilities Net Current
FinancialAssetsAndLiabilitiesNetCurrent
|
-1702130 | bwp |
| CY2022Q4 | PNRLF |
Financial Assets And Liabilities Net Non Current
FinancialAssetsAndLiabilitiesNetNonCurrent
|
30528452 | bwp |
| CY2021Q4 | ifrs-full |
Current Financial Assets
CurrentFinancialAssets
|
244154 | usd |
| CY2021Q4 | ifrs-full |
Current Financial Assets
CurrentFinancialAssets
|
155548 | bwp |
| CY2021Q4 | ifrs-full |
Noncurrent Financial Assets
NoncurrentFinancialAssets
|
739767 | bwp |
| CY2021Q4 | ifrs-full |
Current Financial Liabilities
CurrentFinancialLiabilities
|
34231 | usd |
| CY2021Q4 | ifrs-full |
Current Financial Liabilities
CurrentFinancialLiabilities
|
130270 | bwp |
| CY2021Q4 | PNRLF |
Financial Assets And Liabilities Net Current
FinancialAssetsAndLiabilitiesNetCurrent
|
209924 | usd |
| CY2021Q4 | PNRLF |
Financial Assets And Liabilities Net Current
FinancialAssetsAndLiabilitiesNetCurrent
|
25278 | bwp |
| CY2021Q4 | PNRLF |
Financial Assets And Liabilities Net Non Current
FinancialAssetsAndLiabilitiesNetNonCurrent
|
739767 | bwp |
| CY2022 | PNRLF |
Disclosure Of Detailed Information Of Changes In Exchange Rates Explanatory
DisclosureOfDetailedInformationOfChangesInExchangeRatesExplanatory
|
<p id="xdx_89F_ecustom--DisclosureOfDetailedInformationOfChangesInExchangeRatesExplanatory_zS2BgRAUO1p9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">If the CAD strengthened against the USD and BWP by 5% respectively, (2021 – 5 %), it would have had the following impact:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8BD_zibBqQChrohj" style="display: none">SCHEDULE OF CHANGES IN EXCHANGE RATES</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Profit for the year</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: justify"> </td><td style="padding-bottom: 1.5pt"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Long-term exposure profit for the year</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">USD</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">BWP</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Total</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">BWP</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; text-align: justify; padding-bottom: 1.5pt">December 31, 2022</td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td id="xdx_982_eifrs-full--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_uUSD_c20220101__20221231__srt--StatementScenarioAxis__custom--ExchangeRateStrengthenedMember_zUMlVrdWNZl9" style="border-bottom: Black 1.5pt solid; width: 11%; text-align: right" title="Profit for the year">79,374</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td id="xdx_984_eifrs-full--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_uBWP_c20220101__20221231__srt--StatementScenarioAxis__custom--ExchangeRateStrengthenedMember_zpMLOcsGszpk" style="border-bottom: Black 1.5pt solid; width: 11%; text-align: right" title="Profit for the year">(85,106</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left">)</td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td id="xdx_982_eifrs-full--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_c20220101__20221231__srt--StatementScenarioAxis__custom--ExchangeRateStrengthenedMember_zUneci31xuZc" style="border-bottom: Black 1.5pt solid; width: 11%; text-align: right" title="Profit for the year">(5,733</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left">)</td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td id="xdx_988_ecustom--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLossForLongTerm_uBWP_c20220101__20221231__srt--StatementScenarioAxis__custom--ExchangeRateStrengthenedMember_zLzgoCgzaAWj" style="border-bottom: Black 1.5pt solid; width: 11%; text-align: right" title="Long-term exposure profit for the year">1,526,423</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1.5pt">December 31, 2021</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98E_eifrs-full--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_uUSD_c20210101__20211231__srt--StatementScenarioAxis__custom--ExchangeRateStrengthenedMember_z0GlKnIIMBEg" style="border-bottom: Black 1.5pt solid; text-align: right" title="Profit for the year">10,496</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98A_eifrs-full--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_uBWP_c20210101__20211231__srt--StatementScenarioAxis__custom--ExchangeRateStrengthenedMember_zl5zmDUF1tk5" style="border-bottom: Black 1.5pt solid; text-align: right" title="Profit for the year">1,264</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98C_eifrs-full--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_c20210101__20211231__srt--StatementScenarioAxis__custom--ExchangeRateStrengthenedMember_zlJYuR6c0lye" style="border-bottom: Black 1.5pt solid; text-align: right" title="Profit for the year">11,760</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_980_ecustom--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLossForLongTerm_uBWP_c20210101__20211231__srt--StatementScenarioAxis__custom--ExchangeRateStrengthenedMember_zEnzgjatUzU6" style="border-bottom: Black 1.5pt solid; text-align: right" title="Long-term exposure profit for the year">36,988</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">If the CAD weakened against the USD and BWP by 5% respectively, (2021 – 5 %), it would have had the following impact:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Profit for the year</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Long-term exposure profit for the year</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">USD</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">BWP</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Total</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">BWP</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; text-align: justify">December 31, 2022</td><td style="width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td id="xdx_98F_eifrs-full--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_uUSD_c20220101__20221231__srt--StatementScenarioAxis__custom--ExchangeRateWeakenedMember_zj9DhkgopK51" style="border-bottom: Black 1.5pt solid; width: 11%; text-align: right" title="Profit for the year">(79,374</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td id="xdx_98E_eifrs-full--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_uBWP_c20220101__20221231__srt--StatementScenarioAxis__custom--ExchangeRateWeakenedMember_zc26X6JCw0Hf" style="border-bottom: Black 1.5pt solid; width: 11%; text-align: right" title="Profit for the year">85,106</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td id="xdx_985_eifrs-full--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_c20220101__20221231__srt--StatementScenarioAxis__custom--ExchangeRateWeakenedMember_zuYLdD5Acine" style="border-bottom: Black 1.5pt solid; width: 11%; text-align: right" title="Profit for the year">5,733</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td id="xdx_987_ecustom--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLossForLongTerm_uBWP_c20220101__20221231__srt--StatementScenarioAxis__custom--ExchangeRateWeakenedMember_zoTiAegbwIMk" style="border-bottom: Black 1.5pt solid; width: 11%; text-align: right" title="Long-term exposure profit for the year">(1,526,423</td><td style="width: 1%; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">December 31, 2021</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98F_eifrs-full--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_uUSD_c20210101__20211231__srt--StatementScenarioAxis__custom--ExchangeRateWeakenedMember_zGptHoML1p3d" style="border-bottom: Black 1.5pt solid; text-align: right" title="Profit for the year">(10,496</td><td style="text-align: left">)</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_989_eifrs-full--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_uBWP_c20210101__20211231__srt--StatementScenarioAxis__custom--ExchangeRateWeakenedMember_zbu6liT6MTqc" style="border-bottom: Black 1.5pt solid; text-align: right" title="Profit for the year">(1,264</td><td style="text-align: left">)</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_989_eifrs-full--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_c20210101__20211231__srt--StatementScenarioAxis__custom--ExchangeRateWeakenedMember_zUbB8Ze5wE1l" style="border-bottom: Black 1.5pt solid; text-align: right" title="Profit for the year">(11,760</td><td style="text-align: left">)</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98B_ecustom--GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLossForLongTerm_uBWP_c20210101__20211231__srt--StatementScenarioAxis__custom--ExchangeRateWeakenedMember_zKdNCQOiUyK6" style="border-bottom: Black 1.5pt solid; text-align: right" title="Long-term exposure profit for the year">(36,988</td><td style="text-align: left">)</td></tr> </table> | |
| CY2022 | ifrs-full |
Disclosure Of Financial Liabilities Held For Trading Explanatory
DisclosureOfFinancialLiabilitiesHeldForTradingExplanatory
|
<p id="xdx_892_eifrs-full--DisclosureOfFinancialLiabilitiesHeldForTradingExplanatory_zUW9kBchBIIf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table shows the Company’s contractual obligations as at December 31, 2022:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.45pt 0pt 10.75pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BF_zg0KFJk75nf3" style="display: none">SCHEDULE OF CONTRACTUAL OBLIGATIONS</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: justify">December 31, 2022</td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49D_20221231__ifrs-full--ClassesOfContingentLiabilitiesAxis__ifrs-full--LaterThanSixMonthsAndNotLaterThanOneYearMember_z6ljqlt1IH36" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Less than 1 year</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49C_20221231__ifrs-full--ClassesOfContingentLiabilitiesAxis__ifrs-full--LaterThanOneYearAndNotLaterThanTwoYearsMember_zCYYPpt7VHX9" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">1 - 2 years</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49A_20221231__ifrs-full--ClassesOfContingentLiabilitiesAxis__ifrs-full--LaterThanTwoYearsAndNotLaterThanFiveYearsMember_zFM5lUgEqlIc" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2 - 5 years</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49D_20221231_zVoq1m2tVs5e" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Trade payables and</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eifrs-full--TradeAndOtherPayablesToTradeSuppliers_iI_zGKmFzqQZ9U4" style="vertical-align: bottom; background-color: White"> <td style="width: 40%; text-align: left">accrued liabilities</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 11%; text-align: right">4,450,966</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 11%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1658">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 11%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1659">-</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 11%; text-align: right">4,450,966</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_eifrs-full--TradeAndOtherPayablesToTradeSuppliers_iI_zKQi5QH4yAth" style="display: none; vertical-align: bottom; background-color: White"> <td style="text-align: left">Trade payables and accrued liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,450,966</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1663">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1664">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,450,966</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eifrs-full--PayablesForPurchaseOfNoncurrentAssets_iI_zDRKgGerhtTi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Vehicle financing</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">50,291</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">50,291</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">64,062</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">164,644</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eifrs-full--LeaseLiabilities_iI_z3z4DohhTMCa" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Lease liability</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,365,697</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,365,697</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1674">-</span></td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,731,394</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eifrs-full--TradeAndOtherPayablesToRelatedParties_iI_zsGQIjDsdCka" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span style="display: none; font-family: Times New Roman, Times, Serif">Total</span></td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">5,866,954</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,415,988</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">64,062</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">7,347,004</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> | |
| CY2022Q4 | ifrs-full |
Trade And Other Payables To Trade Suppliers
TradeAndOtherPayablesToTradeSuppliers
|
4450966 | cad |
| CY2022Q4 | ifrs-full |
Trade And Other Payables To Trade Suppliers
TradeAndOtherPayablesToTradeSuppliers
|
4450966 | cad |
| CY2022Q4 | ifrs-full |
Payables For Purchase Of Noncurrent Assets
PayablesForPurchaseOfNoncurrentAssets
|
164644 | cad |
| CY2022Q4 | ifrs-full |
Lease Liabilities
LeaseLiabilities
|
2731394 | cad |
| CY2022Q4 | ifrs-full |
Trade And Other Payables To Related Parties
TradeAndOtherPayablesToRelatedParties
|
7347004 | cad |
| CY2022 | ifrs-full |
Disclosure Of Financial Instruments Held For Trading Explanatory
DisclosureOfFinancialInstrumentsHeldForTradingExplanatory
|
<p id="xdx_894_eifrs-full--DisclosureOfFinancialInstrumentsHeldForTradingExplanatory_z0CuLZGZS2sd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In the management of capital, the Company includes the components of equity (deficiency), loans and borrowings, and other current liabilities, net of cash.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8BC_ziROf8UmvBtb" style="display: none">SCHEDULE OF COMPONENTS OF EQUITY DEFICIENCY, LOANS AND BORROWING, OTHER CURRENT LIABILITIES, NET OF CASH</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_493_20221231_zAwYMn8ZRBOf" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">December 31, 2022</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_499_20211231_zNB86s8sExh9" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">December 31, 2021</td><td style="font-weight: bold"> </td></tr> <tr id="xdx_407_eifrs-full--Equity_iI_maTLAEz2y0_zdpxucxvgfJ8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Shareholder’s equity (deficiency)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">27,188,344</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">(4,316,964</td><td style="width: 1%; text-align: left">)</td></tr> <tr id="xdx_409_eifrs-full--CurrentLiabilities_iI_maTLAEz2y0_zlKTAbBWFnEb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Current liabilities</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">12,462,372</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">580,486</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--TotalLiabilitiesAndEquity_iTI_mtTLAEz2y0_maMCz53I_zFoJTCcUWzQj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span style="display: none; font-family: Times New Roman, Times, Serif">Total liabilities and equity</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">39,650,716</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3,736,478</td><td style="text-align: left">)</td></tr> <tr id="xdx_408_eifrs-full--CashAndCashEquivalents_iNI_di_msMCz53I_zLk55WpIaY06" style="vertical-align: bottom; background-color: White"> <td>Cash</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(5,162,991</td><td style="text-align: left">)</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,990,203</td><td style="text-align: left">)</td></tr> <tr id="xdx_40C_ecustom--ManagementCapital_iTI_mtMCz53I_zzXNZ71FWTXb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span style="display: none; font-family: Times New Roman, Times, Serif">Total</span></td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">34,487,725</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(5,726,681</td><td style="font-weight: bold; text-align: left">)</td></tr> </table> | |
| CY2022Q4 | ifrs-full |
Equity
Equity
|
27188344 | cad |
| CY2021Q4 | ifrs-full |
Equity
Equity
|
-4316964 | cad |
| CY2022Q4 | ifrs-full |
Current Liabilities
CurrentLiabilities
|
12462372 | cad |
| CY2021Q4 | ifrs-full |
Current Liabilities
CurrentLiabilities
|
580486 | cad |
| CY2022Q4 | PNRLF |
Total Liabilities And Equity
TotalLiabilitiesAndEquity
|
39650716 | cad |
| CY2021Q4 | PNRLF |
Total Liabilities And Equity
TotalLiabilitiesAndEquity
|
-3736478 | cad |
| CY2022Q4 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
5162991 | cad |
| CY2021Q4 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
1990203 | cad |
| CY2022Q4 | PNRLF |
Management Capital
ManagementCapital
|
34487725 | cad |
| CY2021Q4 | PNRLF |
Management Capital
ManagementCapital
|
-5726681 | cad |
| CY2022 | ifrs-full |
Disclosure Of Entitys Reportable Segments Explanatory
DisclosureOfEntitysReportableSegmentsExplanatory
|
<p id="xdx_809_eifrs-full--DisclosureOfEntitysReportableSegmentsExplanatory_zvMfAOHN7lqh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>15. <span id="xdx_82C_zhrctI1r3MG3">SEGMENTED INFORMATION</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company operates in one reportable operating segment being that of the acquisition, exploration and development of mineral properties in three geographic segments being Botswana, Greenland and Canada (note 6). The Company’s geographic segments are as follows:</span></p> <p id="xdx_89E_eifrs-full--DisclosureOfGeographicalAreasExplanatory_zxklyghIX22c" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B0_zrh045JRPPlh" style="display: none">SCHEDULE OF GEOGRAPHIC SEGMENTS</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">December 31, 2022</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">December 31, 2021</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Current assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 60%">Canada</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98D_eifrs-full--CurrentAssets_iI_c20221231__ifrs-full--GeographicalAreasAxis__custom--CanadaCountryMember_zDLDLtuEiIYi" style="width: 16%; text-align: right" title="Current assets">3,198,343</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_eifrs-full--CurrentAssets_iI_c20211231__ifrs-full--GeographicalAreasAxis__custom--CanadaCountryMember_zjR0922wYAV3" style="width: 16%; text-align: right" title="Current assets">1,779,117</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt">Barbados</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--CurrentAssets_iI_c20221231__ifrs-full--GeographicalAreasAxis__custom--BarbadosCountryMember_zn5h8gXMAZpc" style="text-align: right" title="Current assets">493,552</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--CurrentAssets_iI_c20211231__ifrs-full--GeographicalAreasAxis__custom--BarbadosCountryMember_z52yIPEpJ2ba" style="text-align: right" title="Current assets">63,677</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt">Botswana</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_989_eifrs-full--CurrentAssets_iI_c20221231__ifrs-full--GeographicalAreasAxis__custom--BotswanaCountryMember_zAdsKpmM0uJi" style="border-bottom: Black 1.5pt solid; text-align: right" title="Current assets">2,746,450</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98E_eifrs-full--CurrentAssets_iI_c20211231__ifrs-full--GeographicalAreasAxis__custom--BotswanaCountryMember_zKo8CpnTKPb4" style="border-bottom: Black 1.5pt solid; text-align: right" title="Current assets">295,703</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Total</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_983_eifrs-full--CurrentAssets_iI_c20221231_zMCN8fwI4mJ8" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Current assets">6,438,346</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_98A_eifrs-full--CurrentAssets_iI_c20211231_zZ2jjzMYAfz1" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Current assets">2,138,497</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; white-space: nowrap; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31, 2022</b></span></td><td> </td><td> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31, 2021</b></span></td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Property, plant and equipment </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 60%">Canada</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98D_eifrs-full--PropertyPlantAndEquipment_iI_c20221231__ifrs-full--GeographicalAreasAxis__custom--CanadaCountryMember_zVbKVY6SOJMb" style="width: 16%; text-align: right" title="Equipment">10,714</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td id="xdx_985_eifrs-full--PropertyPlantAndEquipment_iI_c20211231__ifrs-full--GeographicalAreasAxis__custom--CanadaCountryMember_zv5qtBaxh2ok" style="width: 16%; font-weight: bold; text-align: right" title="Equipment"><span style="-sec-ix-hidden: xdx2ixbrl1721">-</span></td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt">Botswana</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_981_eifrs-full--PropertyPlantAndEquipment_iI_c20221231__ifrs-full--GeographicalAreasAxis__custom--BotswanaCountryMember_zb1IunZ6ZCH4" style="border-bottom: Black 1.5pt solid; text-align: right" title="Equipment">3,383,956</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98A_eifrs-full--PropertyPlantAndEquipment_iI_c20211231__ifrs-full--GeographicalAreasAxis__custom--BotswanaCountryMember_zIJnl5OHHiQk" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right" title="Equipment"><span style="-sec-ix-hidden: xdx2ixbrl1725">-</span></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold">Total</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_98E_eifrs-full--PropertyPlantAndEquipment_iI_c20221231_zizWwoNZ2xw6" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Property, plant and equipment">3,394,670</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_981_eifrs-full--PropertyPlantAndEquipment_iI_c20211231_zmwFxQoyuKhj" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Property, plant and equipment"><span style="-sec-ix-hidden: xdx2ixbrl1729">-</span></td><td style="font-weight: bold; text-align: left"> </td></tr> </table> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31, 2022</b></span></td><td> </td><td> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31, 2021</b></span></td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Exploration and evaluation assets <br/></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 60%">Botswana</td><td style="width: 2%"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left"> </td><td id="xdx_98D_eifrs-full--TangibleExplorationAndEvaluationAssets_iI_c20221231__ifrs-full--GeographicalAreasAxis__custom--BotswanaCountryMember_zSkCwLaU1rLg" style="border-bottom: Black 2.5pt double; width: 16%; text-align: right" title="Exploration and evaluation assets">31,823,982</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left"> </td><td id="xdx_98F_eifrs-full--TangibleExplorationAndEvaluationAssets_iI_c20211231__ifrs-full--GeographicalAreasAxis__custom--BotswanaCountryMember_zgEbmzInRBUj" style="border-bottom: Black 2.5pt double; width: 16%; text-align: right" title="Exploration and evaluation assets">3,099,926</td><td style="width: 1%; text-align: left"> </td></tr> </table> <p id="xdx_8A5_zDqKSd1Sqw8h" style="margin-top: 0; margin-bottom: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> </p> | |
| CY2022 | ifrs-full |
Disclosure Of Geographical Areas Explanatory
DisclosureOfGeographicalAreasExplanatory
|
<p id="xdx_89E_eifrs-full--DisclosureOfGeographicalAreasExplanatory_zxklyghIX22c" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B0_zrh045JRPPlh" style="display: none">SCHEDULE OF GEOGRAPHIC SEGMENTS</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">December 31, 2022</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">December 31, 2021</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Current assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 60%">Canada</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98D_eifrs-full--CurrentAssets_iI_c20221231__ifrs-full--GeographicalAreasAxis__custom--CanadaCountryMember_zDLDLtuEiIYi" style="width: 16%; text-align: right" title="Current assets">3,198,343</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_eifrs-full--CurrentAssets_iI_c20211231__ifrs-full--GeographicalAreasAxis__custom--CanadaCountryMember_zjR0922wYAV3" style="width: 16%; text-align: right" title="Current assets">1,779,117</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt">Barbados</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eifrs-full--CurrentAssets_iI_c20221231__ifrs-full--GeographicalAreasAxis__custom--BarbadosCountryMember_zn5h8gXMAZpc" style="text-align: right" title="Current assets">493,552</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--CurrentAssets_iI_c20211231__ifrs-full--GeographicalAreasAxis__custom--BarbadosCountryMember_z52yIPEpJ2ba" style="text-align: right" title="Current assets">63,677</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt">Botswana</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_989_eifrs-full--CurrentAssets_iI_c20221231__ifrs-full--GeographicalAreasAxis__custom--BotswanaCountryMember_zAdsKpmM0uJi" style="border-bottom: Black 1.5pt solid; text-align: right" title="Current assets">2,746,450</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98E_eifrs-full--CurrentAssets_iI_c20211231__ifrs-full--GeographicalAreasAxis__custom--BotswanaCountryMember_zKo8CpnTKPb4" style="border-bottom: Black 1.5pt solid; text-align: right" title="Current assets">295,703</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Total</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_983_eifrs-full--CurrentAssets_iI_c20221231_zMCN8fwI4mJ8" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Current assets">6,438,346</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_98A_eifrs-full--CurrentAssets_iI_c20211231_zZ2jjzMYAfz1" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Current assets">2,138,497</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; white-space: nowrap; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31, 2022</b></span></td><td> </td><td> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31, 2021</b></span></td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Property, plant and equipment </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 60%">Canada</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98D_eifrs-full--PropertyPlantAndEquipment_iI_c20221231__ifrs-full--GeographicalAreasAxis__custom--CanadaCountryMember_zVbKVY6SOJMb" style="width: 16%; text-align: right" title="Equipment">10,714</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td id="xdx_985_eifrs-full--PropertyPlantAndEquipment_iI_c20211231__ifrs-full--GeographicalAreasAxis__custom--CanadaCountryMember_zv5qtBaxh2ok" style="width: 16%; font-weight: bold; text-align: right" title="Equipment"><span style="-sec-ix-hidden: xdx2ixbrl1721">-</span></td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt">Botswana</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_981_eifrs-full--PropertyPlantAndEquipment_iI_c20221231__ifrs-full--GeographicalAreasAxis__custom--BotswanaCountryMember_zb1IunZ6ZCH4" style="border-bottom: Black 1.5pt solid; text-align: right" title="Equipment">3,383,956</td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td id="xdx_98A_eifrs-full--PropertyPlantAndEquipment_iI_c20211231__ifrs-full--GeographicalAreasAxis__custom--BotswanaCountryMember_zIJnl5OHHiQk" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right" title="Equipment"><span style="-sec-ix-hidden: xdx2ixbrl1725">-</span></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold">Total</td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_98E_eifrs-full--PropertyPlantAndEquipment_iI_c20221231_zizWwoNZ2xw6" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Property, plant and equipment">3,394,670</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_981_eifrs-full--PropertyPlantAndEquipment_iI_c20211231_zmwFxQoyuKhj" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Property, plant and equipment"><span style="-sec-ix-hidden: xdx2ixbrl1729">-</span></td><td style="font-weight: bold; text-align: left"> </td></tr> </table> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31, 2022</b></span></td><td> </td><td> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31, 2021</b></span></td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Exploration and evaluation assets <br/></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 60%">Botswana</td><td style="width: 2%"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left"> </td><td id="xdx_98D_eifrs-full--TangibleExplorationAndEvaluationAssets_iI_c20221231__ifrs-full--GeographicalAreasAxis__custom--BotswanaCountryMember_zSkCwLaU1rLg" style="border-bottom: Black 2.5pt double; width: 16%; text-align: right" title="Exploration and evaluation assets">31,823,982</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left"> </td><td id="xdx_98F_eifrs-full--TangibleExplorationAndEvaluationAssets_iI_c20211231__ifrs-full--GeographicalAreasAxis__custom--BotswanaCountryMember_zgEbmzInRBUj" style="border-bottom: Black 2.5pt double; width: 16%; text-align: right" title="Exploration and evaluation assets">3,099,926</td><td style="width: 1%; text-align: left"> </td></tr> </table> | |
| CY2022Q4 | ifrs-full |
Current Assets
CurrentAssets
|
6438346 | cad |
| CY2021Q4 | ifrs-full |
Current Assets
CurrentAssets
|
2138497 | cad |
| CY2022Q4 | ifrs-full |
Property Plant And Equipment
PropertyPlantAndEquipment
|
3394670 | cad |
| CY2022 | ifrs-full |
Disclosure Of Income Tax Explanatory
DisclosureOfIncomeTaxExplanatory
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<p id="xdx_805_eifrs-full--DisclosureOfIncomeTaxExplanatory_zD7YVWHOKs5d" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>16. <span id="xdx_825_zzsAtWMdiUyd">INCOME TAXES</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The reported recovery of income taxes differs from amounts computed by applying the statutory income tax rates to the reported loss before income taxes as follows:</span></p> <p id="xdx_894_ecustom--DisclosureOfEffectiveIncomeTaxRateReconciliationsExplanatory_zb6x80jXsoE2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8BE_z0HQpwicYbHl" style="display: none"> SCHEDULE OF RECONCILIATION OF EXPECTED INCOME TAX RECOVERY TO ACTUAL INCOME TAX RECOVERY</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" id="xdx_492_20220101__20221231_zwy6kIvnr3za" style="border-bottom: Black 1.5pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.2in; text-indent: 0.15in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Year ended December 31,</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 13.95pt 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2022</b></span></p></td><td> </td><td> </td> <td colspan="2" id="xdx_495_20210101__20211231_zwtnpF1z7Kyf" style="border-bottom: Black 1.5pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.2in; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Year ended December 31,</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.45pt 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2021</b></span></p></td><td> </td></tr> <tr id="xdx_40E_eifrs-full--AccountingProfit_zah5HwlBYanb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Loss before income taxes</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">(36,410,469</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">(9,359,605</td><td style="width: 1%; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Statutory tax rate</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span id="xdx_907_eifrs-full--ApplicableTaxRate_pid_dp_c20220101__20221231_zmPQoYwBfXuh" title="Statutory tax rate">26.50</span></td><td style="text-align: left">%</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span id="xdx_909_eifrs-full--ApplicableTaxRate_pid_dp_c20210101__20211231_zYCzbOOmR8Aa" title="Statutory tax rate">26.50</span></td><td style="text-align: left">%</td></tr> <tr id="xdx_40B_eifrs-full--TaxExpenseIncomeAtApplicableTaxRate_zSSc5RhjTkFg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Expected income tax recovery at the statutory tax rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(9,648,774</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,480,295</td><td style="text-align: left">)</td></tr> <tr id="xdx_404_ecustom--TaxEffectOfPermanentDifferencesAndOther_z3U9SVDUqO4g" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Permanent differences and other</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,227</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(6</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_ecustom--TaxEffectRatesStockBasedPayment_zWKAslWh7fCg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Stock based payment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,378,349</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">334,401</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_ecustom--TaxRateEffectFairValueAdjustmentOnWarrants_zLwuue9prSCg" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Fair value adjustment on warrants</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,127,716</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,681,507</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eifrs-full--TaxEffectFromChangeInTaxRate_zCbTHQaV5Iw2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Change in estimates and other</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(520,103</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eifrs-full--TaxEffectOfForeignTaxRates_zNPPaaXrYBa8" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Differences in foreign tax rates</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">360,345</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">34,131</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_ecustom--TaxRateEffectAcquisitionLoss_zRt3bWKcDML" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Acquisition loss on RTO</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,731,220</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_z1BGr59oBerl" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Change in deferred tax assets not recognized</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,320,718</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">430,261</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eifrs-full--IncomeTaxExpenseContinuingOperations_zAj8x2oRIak9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Income tax recovery</td><td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1770">-</span></td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1771">-</span></td><td style="text-align: left"> </td></tr> </table> <p id="xdx_8A0_z8fbLHyD42eh" style="margin-top: 0; margin-bottom: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021</span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Expressed in Canadian dollars)</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_89A_eifrs-full--DisclosureOfDeferredTaxesExplanatory_zuIeD0pPENu9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As at December 31, 2022, the Company has the following deferred tax assets (liabilities):</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.75pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BA_z7sfzTOxNPyg" style="display: none">SCHEDULE OF SIGNIFICANT COMPONENTS OF DEFERRED INCOME TAX ASSETS AND LIABILITIES</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_499_20221231_zaBlR5OoW1I2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Year ended December 31, 2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_499_20211231_z2GwzRbOL8Ib" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Year ended December 31, 2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Deferred tax asset</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"/><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--DeferredTaxAssetsNoncapitalLosses_iNI_di_zY5wnUTNwht8" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 60%; text-align: left">Non-capital losses available for carry forward</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">94,260</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1776">-</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--DeferredTaxRightOfUseAsset_iNI_di_zphR6LPvfSF3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Right-of-use asset</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">600,907</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1779">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--DeferredTaxLiabilitiesLiabilities_iI_zyxIMjtOgWxg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Deferred tax liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--DeferredTaxLeaseLiability_iI_zwE5IwwA5J77" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1.5pt">Lease Liability</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(695,166</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1785">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--DeferredTaxLiabilityAsset_iI_zNUjCIJ3Fon7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Net deferred tax asset (liability)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1787">-</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1788">-</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8A4_zSVYQTxmKPv6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.75pt"> </p> <p id="xdx_895_ecustom--DisclosureOfDeferredTaxesAndLiabilitiesRecognizedExplanatory_zPckgdqebSJj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred tax assets in excess of deferred tax liabilities have not been recognized in respect of the following attributes because it is not probable that future taxable profit will be available against which the Company can use the benefits:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.75pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B9_zAED3goIwphl" style="display: none">SCHEDULE OF DEFERRED INCOME TAX ASSETS AND LIABILITIES RECOGNIZED</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_49D_20221231_zGb4PrbLDK88" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Year ended December 31, 2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_498_20211231_zonIAib7Ie4c" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Year ended December 31, 2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr id="xdx_402_ecustom--DeferredTaxAssetsTotalUnrecognizedDeductibleTemporaryDifferences_iI_hifrs-full--TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis__ifrs-full--ExplorationAndEvaluationAssetsMember_zyOc74LG32L4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Exploration and evaluation assets</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">1,243,480</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">329,522</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--DeferredTaxAssetsTotalUnrecognizedDeductibleTemporaryDifferences_iI_hifrs-full--TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis__ifrs-full--UnusedTaxLossesMember_zNPI3KIgS47e" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Loss carry forwards</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">10,066,250</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">369,658</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--DeferredTaxAssetsTotalUnrecognizedDeductibleTemporaryDifferences_iI_hifrs-full--TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis__custom--ShareIssuanceCostsMember_zCVsVX7T3h3d" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt">Share issuance costs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,124,869</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">62,018</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_ecustom--DeferredTaxAssetsTotalUnrecognizedDeductibleTemporaryDifferences_iI_hifrs-full--TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis__custom--EquipmentsMember_zuOwphmkHy48" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; padding-bottom: 1.5pt">Equipment</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">3,397</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1802">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--DeferredTaxAssetsTotalUnrecognizedDeductibleTemporaryDifferences_iI_zhVS98FdCLZg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total unrecognized deductible temporary differences</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">13,437,996</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">761,198</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8A8_zHQ24rmTtmhk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.75pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_892_eifrs-full--DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory_zNOPW7OtvEdc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The tax losses that have not been recognized expire as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.75pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8BF_zmfrETYSPbVj" style="display: none"> SCHEDULE OF TAX LOSSES </span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 60%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="border-bottom: Black 2.5pt double; text-align: right">Losses</td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: right">2029</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_eifrs-full--UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised_iI_c20221231__ifrs-full--TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis__custom--CanadianNonCapitalLossesMember__ifrs-full--MaturityAxis__custom--ExpiringInTwoThousandTwentyNineMember_zRFX2owKmVri" style="width: 20%; text-align: right" title="Deferred tax liability (asset)">1,349,090</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: right">2039</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised_iI_c20221231__ifrs-full--TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis__custom--CanadianNonCapitalLossesMember__ifrs-full--MaturityAxis__custom--ExpiringInTwoThousandThirtyNineMember_zhIs2ySXSqi4" style="text-align: right" title="Deferred tax liability (asset)">101,573</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: right">2040</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eifrs-full--UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised_iI_c20221231__ifrs-full--TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis__custom--CanadianNonCapitalLossesMember__ifrs-full--MaturityAxis__custom--ExpiringInTwoThousandFortyMember_zK0KOqSTaBu8" style="text-align: right" title="Deferred tax liability (asset)">351,131</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: right">2041</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eifrs-full--UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised_iI_c20221231__ifrs-full--TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis__custom--CanadianNonCapitalLossesMember__ifrs-full--MaturityAxis__custom--ExpiringInTwoThousandFortyOneMember_z3KSyQBLgWe5" style="text-align: right" title="Deferred tax liability (asset)">942,144</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: right">2042</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised_iI_c20221231__ifrs-full--TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis__custom--CanadianNonCapitalLossesMember__ifrs-full--MaturityAxis__custom--ExpiringInTwoThousandFortyTwoMember_z7tX8ZN6F5b3" style="text-align: right" title="Deferred tax liability (asset)">5,351,811</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: right">Indefinite</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_980_eifrs-full--UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised_iI_c20221231__ifrs-full--TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis__custom--CanadianNonCapitalLossesMember__ifrs-full--MaturityAxis__custom--IndefiniteMember_zJKTkmehtmEi" style="border-bottom: Black 1.5pt solid; text-align: right" title="Deferred tax liability (asset)">1,970,501</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Total</span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-size: 10pt">$</span></td><td id="xdx_98E_eifrs-full--UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised_iI_c20221231_zgTDNxm6kqjd" style="border-bottom: Black 2.5pt double; text-align: right" title="Deferred tax liability (asset)"><span style="font-size: 10pt">10,066,250</span></td><td style="text-align: left"><span style="font-size: 10pt"> </span></td></tr> </table> <p id="xdx_8AE_z9QVDLJ3AxIc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.75pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The company has approximately Canadian non-capital losses of $<span id="xdx_90D_eifrs-full--DeferredTaxAssets_iI_c20221231__ifrs-full--GeographicalAreasAxis__custom--CanadaCountryMember_z6qQrTC2GYX3" title="Non-capital losses">6,746,659 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">which <span id="xdx_90C_ecustom--NoncapitalLossesExpirationYearDescription_c20220101__20221231__ifrs-full--GeographicalAreasAxis__custom--CanadaCountryMember_z4jKioCR8Kd4" title="Non-capital losses expiration year description">expire between 2039 and 2042</span>. The Company also has Barbados losses of $<span id="xdx_901_eifrs-full--DeferredTaxAssets_iI_c20221231__ifrs-full--GeographicalAreasAxis__custom--BarbadosCountryMember_zjuIY40CMv8j" title="Non-capital losses">1,349,090</span> </span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">which expire in <span id="xdx_90D_ecustom--NoncapitalLossesExpirationYearDescription_c20220101__20221231__ifrs-full--GeographicalAreasAxis__custom--BarbadosCountryMember_zSxwDFPZfyHg" title="Non-capital losses expiration year description">2029</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. Botswana losses of approximately $<span id="xdx_903_eifrs-full--UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised_iI_c20221231__ifrs-full--GeographicalAreasAxis__custom--BotswanaCountryMember__ifrs-full--MaturityAxis__custom--IndefiniteMember_zYO0O1wEx8l4" title="Carried forward Indefinite">1,970,501 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">may be carried forward indefinitely.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.75pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
| CY2022 | PNRLF |
Disclosure Of Effective Income Tax Rate Reconciliations Explanatory
DisclosureOfEffectiveIncomeTaxRateReconciliationsExplanatory
|
<p id="xdx_894_ecustom--DisclosureOfEffectiveIncomeTaxRateReconciliationsExplanatory_zb6x80jXsoE2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8BE_z0HQpwicYbHl" style="display: none"> SCHEDULE OF RECONCILIATION OF EXPECTED INCOME TAX RECOVERY TO ACTUAL INCOME TAX RECOVERY</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" id="xdx_492_20220101__20221231_zwy6kIvnr3za" style="border-bottom: Black 1.5pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.2in; text-indent: 0.15in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Year ended December 31,</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 13.95pt 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2022</b></span></p></td><td> </td><td> </td> <td colspan="2" id="xdx_495_20210101__20211231_zwtnpF1z7Kyf" style="border-bottom: Black 1.5pt solid; text-align: right"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.2in; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Year ended December 31,</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.45pt 0pt 0; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2021</b></span></p></td><td> </td></tr> <tr id="xdx_40E_eifrs-full--AccountingProfit_zah5HwlBYanb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Loss before income taxes</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">(36,410,469</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">(9,359,605</td><td style="width: 1%; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Statutory tax rate</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span id="xdx_907_eifrs-full--ApplicableTaxRate_pid_dp_c20220101__20221231_zmPQoYwBfXuh" title="Statutory tax rate">26.50</span></td><td style="text-align: left">%</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span id="xdx_909_eifrs-full--ApplicableTaxRate_pid_dp_c20210101__20211231_zYCzbOOmR8Aa" title="Statutory tax rate">26.50</span></td><td style="text-align: left">%</td></tr> <tr id="xdx_40B_eifrs-full--TaxExpenseIncomeAtApplicableTaxRate_zSSc5RhjTkFg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Expected income tax recovery at the statutory tax rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(9,648,774</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,480,295</td><td style="text-align: left">)</td></tr> <tr id="xdx_404_ecustom--TaxEffectOfPermanentDifferencesAndOther_z3U9SVDUqO4g" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Permanent differences and other</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,227</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(6</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_ecustom--TaxEffectRatesStockBasedPayment_zWKAslWh7fCg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Stock based payment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,378,349</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">334,401</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_ecustom--TaxRateEffectFairValueAdjustmentOnWarrants_zLwuue9prSCg" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Fair value adjustment on warrants</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,127,716</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,681,507</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eifrs-full--TaxEffectFromChangeInTaxRate_zCbTHQaV5Iw2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Change in estimates and other</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(520,103</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eifrs-full--TaxEffectOfForeignTaxRates_zNPPaaXrYBa8" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Differences in foreign tax rates</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">360,345</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">34,131</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_ecustom--TaxRateEffectAcquisitionLoss_zRt3bWKcDML" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Acquisition loss on RTO</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,731,220</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eifrs-full--OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_z1BGr59oBerl" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Change in deferred tax assets not recognized</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,320,718</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">430,261</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eifrs-full--IncomeTaxExpenseContinuingOperations_zAj8x2oRIak9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Income tax recovery</td><td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1770">-</span></td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1771">-</span></td><td style="text-align: left"> </td></tr> </table> | |
| CY2022 | ifrs-full |
Accounting Profit
AccountingProfit
|
-36410469 | cad |
| CY2021 | ifrs-full |
Accounting Profit
AccountingProfit
|
-9359605 | cad |
| CY2022 | ifrs-full |
Applicable Tax Rate
ApplicableTaxRate
|
0.2650 | pure |
| CY2021 | ifrs-full |
Applicable Tax Rate
ApplicableTaxRate
|
0.2650 | pure |
| CY2022 | ifrs-full |
Tax Expense Income At Applicable Tax Rate
TaxExpenseIncomeAtApplicableTaxRate
|
-9648774 | cad |
| CY2021 | ifrs-full |
Tax Expense Income At Applicable Tax Rate
TaxExpenseIncomeAtApplicableTaxRate
|
-2480295 | cad |
| CY2022 | PNRLF |
Tax Effect Of Permanent Differences And Other
TaxEffectOfPermanentDifferencesAndOther
|
7227 | cad |
| CY2021 | PNRLF |
Tax Effect Of Permanent Differences And Other
TaxEffectOfPermanentDifferencesAndOther
|
-6 | cad |
| CY2022 | PNRLF |
Tax Effect Rates Stock Based Payment
TaxEffectRatesStockBasedPayment
|
-2378349 | cad |
| CY2021 | PNRLF |
Tax Effect Rates Stock Based Payment
TaxEffectRatesStockBasedPayment
|
334401 | cad |
| CY2022 | PNRLF |
Tax Rate Effect Fair Value Adjustment On Warrants
TaxRateEffectFairValueAdjustmentOnWarrants
|
2127716 | cad |
| CY2021 | PNRLF |
Tax Rate Effect Fair Value Adjustment On Warrants
TaxRateEffectFairValueAdjustmentOnWarrants
|
1681507 | cad |
| CY2022 | ifrs-full |
Tax Effect From Change In Tax Rate
TaxEffectFromChangeInTaxRate
|
-520103 | cad |
| CY2022 | ifrs-full |
Tax Effect Of Foreign Tax Rates
TaxEffectOfForeignTaxRates
|
360345 | cad |
| CY2021 | ifrs-full |
Tax Effect Of Foreign Tax Rates
TaxEffectOfForeignTaxRates
|
34131 | cad |
| CY2022 | PNRLF |
Tax Rate Effect Acquisition Loss
TaxRateEffectAcquisitionLoss
|
7731220 | cad |
| CY2022 | ifrs-full |
Other Tax Effects For Reconciliation Between Accounting Profit And Tax Expense Income
OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome
|
2320718 | cad |
| CY2021 | ifrs-full |
Other Tax Effects For Reconciliation Between Accounting Profit And Tax Expense Income
OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome
|
430261 | cad |
| CY2022 | ifrs-full |
Disclosure Of Deferred Taxes Explanatory
DisclosureOfDeferredTaxesExplanatory
|
<p id="xdx_89A_eifrs-full--DisclosureOfDeferredTaxesExplanatory_zuIeD0pPENu9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As at December 31, 2022, the Company has the following deferred tax assets (liabilities):</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.75pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BA_z7sfzTOxNPyg" style="display: none">SCHEDULE OF SIGNIFICANT COMPONENTS OF DEFERRED INCOME TAX ASSETS AND LIABILITIES</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_499_20221231_zaBlR5OoW1I2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Year ended December 31, 2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_499_20211231_z2GwzRbOL8Ib" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Year ended December 31, 2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Deferred tax asset</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"/><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--DeferredTaxAssetsNoncapitalLosses_iNI_di_zY5wnUTNwht8" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 60%; text-align: left">Non-capital losses available for carry forward</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">94,260</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1776">-</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--DeferredTaxRightOfUseAsset_iNI_di_zphR6LPvfSF3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Right-of-use asset</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">600,907</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1779">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--DeferredTaxLiabilitiesLiabilities_iI_zyxIMjtOgWxg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Deferred tax liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--DeferredTaxLeaseLiability_iI_zwE5IwwA5J77" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1.5pt">Lease Liability</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(695,166</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1785">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40C_eifrs-full--DeferredTaxLiabilityAsset_iI_zNUjCIJ3Fon7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Net deferred tax asset (liability)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1787">-</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1788">-</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> | |
| CY2022Q4 | PNRLF |
Deferred Tax Assets Noncapital Losses
DeferredTaxAssetsNoncapitalLosses
|
-94260 | cad |
| CY2022Q4 | PNRLF |
Deferred Tax Right Of Use Asset
DeferredTaxRightOfUseAsset
|
-600907 | cad |
| CY2022Q4 | PNRLF |
Deferred Tax Lease Liability
DeferredTaxLeaseLiability
|
-695166 | cad |
| CY2022 | PNRLF |
Disclosure Of Deferred Taxes And Liabilities Recognized Explanatory
DisclosureOfDeferredTaxesAndLiabilitiesRecognizedExplanatory
|
<p id="xdx_895_ecustom--DisclosureOfDeferredTaxesAndLiabilitiesRecognizedExplanatory_zPckgdqebSJj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred tax assets in excess of deferred tax liabilities have not been recognized in respect of the following attributes because it is not probable that future taxable profit will be available against which the Company can use the benefits:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.75pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B9_zAED3goIwphl" style="display: none">SCHEDULE OF DEFERRED INCOME TAX ASSETS AND LIABILITIES RECOGNIZED</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 96%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_49D_20221231_zGb4PrbLDK88" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Year ended December 31, 2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_498_20211231_zonIAib7Ie4c" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">Year ended December 31, 2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr id="xdx_402_ecustom--DeferredTaxAssetsTotalUnrecognizedDeductibleTemporaryDifferences_iI_hifrs-full--TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis__ifrs-full--ExplorationAndEvaluationAssetsMember_zyOc74LG32L4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Exploration and evaluation assets</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">1,243,480</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">329,522</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--DeferredTaxAssetsTotalUnrecognizedDeductibleTemporaryDifferences_iI_hifrs-full--TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis__ifrs-full--UnusedTaxLossesMember_zNPI3KIgS47e" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Loss carry forwards</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">10,066,250</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">369,658</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--DeferredTaxAssetsTotalUnrecognizedDeductibleTemporaryDifferences_iI_hifrs-full--TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis__custom--ShareIssuanceCostsMember_zCVsVX7T3h3d" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt">Share issuance costs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,124,869</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">62,018</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_ecustom--DeferredTaxAssetsTotalUnrecognizedDeductibleTemporaryDifferences_iI_hifrs-full--TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis__custom--EquipmentsMember_zuOwphmkHy48" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; padding-bottom: 1.5pt">Equipment</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">3,397</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1802">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--DeferredTaxAssetsTotalUnrecognizedDeductibleTemporaryDifferences_iI_zhVS98FdCLZg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total unrecognized deductible temporary differences</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">13,437,996</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">761,198</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> | |
| CY2022Q4 | PNRLF |
Deferred Tax Assets Total Unrecognized Deductible Temporary Differences
DeferredTaxAssetsTotalUnrecognizedDeductibleTemporaryDifferences
|
13437996 | cad |
| CY2021Q4 | PNRLF |
Deferred Tax Assets Total Unrecognized Deductible Temporary Differences
DeferredTaxAssetsTotalUnrecognizedDeductibleTemporaryDifferences
|
761198 | cad |
| CY2022 | ifrs-full |
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits Explanatory
DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory
|
<p id="xdx_892_eifrs-full--DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory_zNOPW7OtvEdc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The tax losses that have not been recognized expire as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 10.75pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8BF_zmfrETYSPbVj" style="display: none"> SCHEDULE OF TAX LOSSES </span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 60%; margin-left: 0.25in"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="border-bottom: Black 2.5pt double; text-align: right">Losses</td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: right">2029</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_eifrs-full--UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised_iI_c20221231__ifrs-full--TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis__custom--CanadianNonCapitalLossesMember__ifrs-full--MaturityAxis__custom--ExpiringInTwoThousandTwentyNineMember_zRFX2owKmVri" style="width: 20%; text-align: right" title="Deferred tax liability (asset)">1,349,090</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: right">2039</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eifrs-full--UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised_iI_c20221231__ifrs-full--TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis__custom--CanadianNonCapitalLossesMember__ifrs-full--MaturityAxis__custom--ExpiringInTwoThousandThirtyNineMember_zhIs2ySXSqi4" style="text-align: right" title="Deferred tax liability (asset)">101,573</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: right">2040</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eifrs-full--UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised_iI_c20221231__ifrs-full--TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis__custom--CanadianNonCapitalLossesMember__ifrs-full--MaturityAxis__custom--ExpiringInTwoThousandFortyMember_zK0KOqSTaBu8" style="text-align: right" title="Deferred tax liability (asset)">351,131</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: right">2041</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eifrs-full--UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised_iI_c20221231__ifrs-full--TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis__custom--CanadianNonCapitalLossesMember__ifrs-full--MaturityAxis__custom--ExpiringInTwoThousandFortyOneMember_z3KSyQBLgWe5" style="text-align: right" title="Deferred tax liability (asset)">942,144</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: right">2042</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eifrs-full--UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised_iI_c20221231__ifrs-full--TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis__custom--CanadianNonCapitalLossesMember__ifrs-full--MaturityAxis__custom--ExpiringInTwoThousandFortyTwoMember_z7tX8ZN6F5b3" style="text-align: right" title="Deferred tax liability (asset)">5,351,811</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: right">Indefinite</td><td> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_980_eifrs-full--UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised_iI_c20221231__ifrs-full--TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis__custom--CanadianNonCapitalLossesMember__ifrs-full--MaturityAxis__custom--IndefiniteMember_zJKTkmehtmEi" style="border-bottom: Black 1.5pt solid; text-align: right" title="Deferred tax liability (asset)">1,970,501</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Total</span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-size: 10pt">$</span></td><td id="xdx_98E_eifrs-full--UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised_iI_c20221231_zgTDNxm6kqjd" style="border-bottom: Black 2.5pt double; text-align: right" title="Deferred tax liability (asset)"><span style="font-size: 10pt">10,066,250</span></td><td style="text-align: left"><span style="font-size: 10pt"> </span></td></tr> </table> | |
| CY2022Q4 | ifrs-full |
Unused Tax Losses For Which No Deferred Tax Asset Recognised
UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised
|
10066250 | cad |
| CY2022 | ifrs-full |
Disclosure Of Contingent Liabilities In Business Combination Explanatory
DisclosureOfContingentLiabilitiesInBusinessCombinationExplanatory
|
<p id="xdx_80B_eifrs-full--DisclosureOfContingentLiabilitiesInBusinessCombinationExplanatory_zWOu4B8potGa" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>17. <span id="xdx_826_zzDq39cyqgof">CONTINGENT LIABILITIES</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.15in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">There are no environmental liabilities associated with the Selebi Assets and the Selkirk Assets as at the acquisition dates as all liabilities prior to the acquisitions are the responsibility of the sellers, BCL and TNMC, respectively. The Company has an obligation for the rehabilitation costs arising subsequent to the acquisitions. As of December 31, 2022, management is not aware of or anticipating any contingent liabilities that could impact the financial position or performance of the Company related to its exploration and evaluation assets.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.15in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="fin_001.jpg" style="height: 72px; width: 514px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt"/> <p style="font: 13pt/12.95pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: -0.3pt"><b><i>Formerly “North American Nickel Inc.</i></b></span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Consolidated Financial statements<br/> </b>For the years ended December 31, 2022 and 2021</span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Expressed in Canadian dollars)</span></p> <p style="font: 9pt/10.9pt Tahoma, Helvetica, Sans-Serif; margin: 0pt 1.7pt 0pt 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s exploration and evaluation assets are affected by the laws and environmental regulations that exist in the various jurisdictions in which the Company operates. It is not possible to estimate the future contingent liabilities and the impact on the Company’s operating results due to future changes in Company’s development of its projects or future changes in such laws and environmental regulations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.15in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
| CY2022 | ifrs-full |
Disclosure Of Events After Reporting Period Explanatory
DisclosureOfEventsAfterReportingPeriodExplanatory
|
<p id="xdx_80B_eifrs-full--DisclosureOfEventsAfterReportingPeriodExplanatory_zEaxZBv7QRk8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>18. <span id="xdx_824_z3Fye20PRwU3">SUBSEQUENT EVENTS</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.15in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On February 24, 2023, the Company announced it had closed its previously announced “best efforts” brokered private placement offering under which <span id="xdx_900_eifrs-full--NumberOfSharesIssued_iI_c20230224__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventMember__ifrs-full--ComponentsOfEquityAxis__custom--CommonSharesMember_zsx0smeqPmWj" title="Number of shares issued">4,437,184</span> common shares of the Company (the “Common Shares”) were issued at a price of $<span id="xdx_900_eifrs-full--ParValuePerShare_iI_c20230224__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventMember__ifrs-full--ComponentsOfEquityAxis__custom--CommonSharesMember_zwoOl0w02YFa" title="Value per common shares">1.75</span> per Common Share for gross proceeds of $<span id="xdx_905_eifrs-full--ProceedsFromIssuingShares_c20230223__20230224__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventMember__ifrs-full--ComponentsOfEquityAxis__custom--CommonSharesMember_zhaXVPvOBT0h" title="Proceeds from issuing shares">7,765,072.00</span> (the “Offering”) through a syndicate of agents. <span id="xdx_908_ecustom--DescriptionForOfferingShares_c20230223__20230224__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventMember__ifrs-full--ComponentsOfEquityAxis__custom--CommonSharesMember_z5uuCIRehey7" title="Description for offering shares">In connection with the Offering, the Company (i) paid to the agents a cash commission equal to 6% of the gross proceeds (other than on certain president’s list purchasers on which a cash commission of 3% was paid), and (ii) issued to the agents that number of non-transferable broker warrants of the Company (the “Broker Warrants”) as is equal to 6% of the number of Common Shares sold under the Offering (other than on Common Shares issued to president’s list purchasers on which Broker Warrants equal to 3% were issued)</span>. Each Broker Warrant is exercisable to acquire one Common Share at an exercise price of $<span id="xdx_905_ecustom--WarrantExercisePrice_iI_c20230224__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventMember__ifrs-full--ComponentsOfEquityAxis__custom--BrokerWarrantsMember_zBH7GvJglMB8" title="Warrant exercise price">1.75</span> per Common Share until February 24, 2025. A total of of <span id="xdx_909_ecustom--NumberOfWarrantsIssued_uShares_c20230223__20230224__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventMember__ifrs-full--ComponentsOfEquityAxis__custom--BrokerWarrantsMember_zqY9HhdAJ7Xh" title="Number of warrants issued">221,448</span> broker warrants were issued to the agents of the Private Placement</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.15in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On March 17, 2023, the Company announced that it has entered into an amended and restated promissory note (the “A&R Promissory Note”) extending the maturity of its previously issued $<span id="xdx_906_eifrs-full--ProceedsFromBorrowingsClassifiedAsFinancingActivities_c20230316__20230317__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventMember__ifrs-full--TypesOfContractsAxis__custom--AmendedAndRestatedPromissoryNoteMember_zLS1MagRIbf" title="Proceeds from promissory note">7,000,000</span> promissory note from <span id="xdx_90E_ecustom--BorrowingsExtendedMaturity_c20230316__20230317__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventMember__ifrs-full--TypesOfContractsAxis__custom--AmendedAndRestatedPromissoryNoteMember_zDmlE7JS5Bsj" title="Extend maturity date description">March 22, 2023 to November 24, 2023</span> (the “Extension”). The A&R Promissory Note is held by Pinnacle Island LP, an arm’s-length limited partnership formed under the laws of the Province of Ontario (the “Lender”). All other terms of the Promissory Note remain the same. In connection with the Extension and entry into of the A&R Promissory Note, the Company paid an amendment and restatement fee of $<span id="xdx_908_ecustom--RestatementFees_c20230316__20230317__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventMember__ifrs-full--TypesOfContractsAxis__custom--AmendedAndRestatedPromissoryNoteMember_zZKQ78EXgNk8" title="Promissory note restatement fee">225,000</span> and issued <span id="xdx_902_ecustom--NontransferrableCommonSharePurchaseWarrants_iI_c20230317__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventMember__srt--TitleOfIndividualAxis__custom--LenderMember_zG4MiBRM5Cbe" title="Non-transferrable common share purchase warrants">350,000</span> non-transferrable common share purchase warrants (the “Warrants”) to the Lender. Each Warrant is exercisable to acquire one common share of the Company (the “Common Shares”) at a price of $<span id="xdx_907_ecustom--WarrantExercisePrice_iI_c20230317__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventMember__ifrs-full--ComponentsOfEquityAxis__custom--BrokerWarrantsMember__ifrs-full--TypesOfContractsAxis__custom--AmendedAndRestatedPromissoryNoteMember_z49QCjxLsfCb" title="Warrant exercise price">1.75</span> per Common Share for a period of one year from date of the A&R Promissory Note. In connection with the Extension and issuance of the Warrants, the <span id="xdx_90A_eifrs-full--NumberOfSharesIssued_iI_c20230317__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventMember__ifrs-full--ComponentsOfEquityAxis__custom--WarrantsMember__srt--TitleOfIndividualAxis__custom--LenderMember_zMufO3R6bwE7" title="Number of shares issued">119,229</span> common share purchase warrants previously issued to the Lender in connection with the initial issuance of the promissory note have been cancelled concurrently with the Extension. The Warrants and any Common Shares issuable on exercise of the Warrants are subject to a statutory four-month hold period under applicable Canadian securities laws from the date of issue.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.15in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On April 13, 2023, the Company extended to October 16, 2023 the expiry date of a total of <span id="xdx_90A_ecustom--OutstandingWarrants_iI_c20230413__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventMember__ifrs-full--ComponentsOfEquityAxis__custom--WarrantsMember_zNVaNyJ6Axn6" title="Outstanding warrants">643,299</span> common share purchase warrants of the Company (collectively, the “Subject Warrants”), which were scheduled to expire on April 16, 2023. <span id="xdx_905_ecustom--DescriptionForSubjectWarrants_c20230412__20230413__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventMember__ifrs-full--ComponentsOfEquityAxis__custom--WarrantsMember_ztPYuUGV2J13" title="Description for subject warrants">Each of the Subject Warrants entitles the holder thereof to purchase one common share of the Company at a price of $<span id="xdx_903_ecustom--WarrantExercisePrice_iI_c20230413__ifrs-full--NonadjustingEventsAfterReportingPeriodAxis__custom--NonadjustingEventMember__ifrs-full--ComponentsOfEquityAxis__custom--WarrantsMember_zM6tAys7SMz6" title="Warrant exercise price">1.75</span> per share (on a post-consolidation basis). Other than the extension of the Subject Warrants from April 16, 2023 to October 16, 2023, all other terms and conditions of the Subject Warrants remain unchanged.</span></span></p> |
