$PRMLF
Premium Resources Ltd.

2024 Q4 Form 10-Q Financial Statement

#000149315224046023 Filed on November 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.936M
YoY Change -71.98%
% of Gross Profit
Research & Development $62.21K
YoY Change
% of Gross Profit
Depreciation & Amortization 354.6K cads $184.8K
YoY Change 91.84% -16602.68%
% of Gross Profit
Operating Expenses 11.24M cads $2.452M
YoY Change 358.43% -64.55%
Operating Profit
YoY Change
Interest Expense 23.95K cads -$1.039M
YoY Change -102.3% -103.68%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$3.492M
YoY Change -93.54%
Income Tax
% Of Pretax Income
Net Earnings -12.00M cads -$3.492M
YoY Change 243.82% -93.54%
Net Earnings / Revenue
Basic Earnings Per Share $0.06 $0.06
Diluted Earnings Per Share $0.06 -$0.03
COMMON SHARES
Basic Shares Outstanding 185.7M shares 185.7M shares 135.7M shares
Diluted Shares Outstanding 185.7M shares 135.7M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.853M
YoY Change 53.79%
Cash & Equivalents 17.36M cads 8.853M cads
Short-Term Investments
Other Short-Term Assets $1.885M
YoY Change 574.84%
Inventory
Prepaid Expenses 1.286M cads
Receivables
Other Receivables 826.5K cads
Total Short-Term Assets 20.67M cads $11.23M
YoY Change 84.02% 64.86%
LONG-TERM ASSETS
Property, Plant & Equipment $50.49M
YoY Change 11.62%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets 16.62M cads $50.49M
YoY Change -67.08% 11.62%
TOTAL ASSETS
Total Short-Term Assets 20.67M cads $11.23M
Total Long-Term Assets 16.62M cads $50.49M
Total Assets 37.29M cads $61.72M
YoY Change -39.58% 18.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable 3.596M cads $2.015M
YoY Change 78.48% -2.25%
Accrued Expenses 1.284M cads $876.9K
YoY Change 46.44% -47.79%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $1.893M
YoY Change
Total Short-Term Liabilities 5.580M cads $5.041M
YoY Change 10.7% 33.58%
LONG-TERM LIABILITIES
Long-Term Debt $13.08M
YoY Change
Other Long-Term Liabilities $4.042M
YoY Change 1305.76%
Total Long-Term Liabilities 23.99M cads $17.12M
YoY Change 40.12% 5855.93%
TOTAL LIABILITIES
Total Short-Term Liabilities 5.580M cads $5.041M
Total Long-Term Liabilities 23.99M cads $17.12M
Total Liabilities 29.57M cads $22.16M
YoY Change 33.43% 445.78%
SHAREHOLDERS EQUITY
Retained Earnings -135.7M cads
YoY Change
Common Stock 0.000 cads
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity 7.719M cads $39.56M
YoY Change
Total Liabilities & Shareholders Equity 37.29M cads $61.72M
YoY Change -39.58% 18.59%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income -12.00M cads -$3.492M
YoY Change 243.82% -93.54%
Depreciation, Depletion And Amortization 354.6K cads $184.8K
YoY Change 91.84% -16602.68%
Cash From Operating Activities -$5.146M
YoY Change 26.01%
INVESTING ACTIVITIES
Capital Expenditures $6.757M
YoY Change -70.56%
Acquisitions
YoY Change
Other Investing Activities $39.62K
YoY Change -99.64%
Cash From Investing Activities -$6.717M
YoY Change -43.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -949.6K
YoY Change -104.64%
NET CHANGE
Cash From Operating Activities -5.146M
Cash From Investing Activities -6.717M
Cash From Financing Activities -949.6K
Net Change In Cash -12.81M
YoY Change -389.99%
FREE CASH FLOW
Cash From Operating Activities -$5.146M
Capital Expenditures $6.757M
Free Cash Flow -$11.90M
YoY Change -55.97%

Facts In Submission

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PNRLF Provision For Leave And Severance
ProvisionForLeaveAndSeverance
449335 cad
PNRLF Provision For Leave And Severance
ProvisionForLeaveAndSeverance
257104 cad
us-gaap Accretion Expense
AccretionExpense
2237268 cad
us-gaap Accretion Expense
AccretionExpense
337866 cad
us-gaap Share Based Compensation
ShareBasedCompensation
1712843 cad
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
107238 cad
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
233327 cad
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
678932 cad
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1208558 cad
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
624489 cad
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1499776 cad
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
989920 cad
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
212135 cad
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-27749262 cad
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-24294641 cad
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
25835 cad
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2852916 cad
us-gaap Payments To Acquire Mineral Rights
PaymentsToAcquireMineralRights
483883 cad
PNRLF Proceeds From Interest Received Investing Activities
ProceedsFromInterestReceivedInvestingActivities
91703 cad
PNRLF Proceeds From Interest Received Investing Activities
ProceedsFromInterestReceivedInvestingActivities
39622 cad
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
65868 cad
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3297177 cad
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
27499999 cad
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
23814272 cad
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
295578 cad
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1818956 cad
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
14625000 cad
PNRLF Payments For Royalties Option
PaymentsForRoyaltiesOption
2750000 cad
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
7000000 cad
PNRLF Repayment Of Vehicle Loan
RepaymentOfVehicleLoan
-44345 cad
PNRLF Repayment Of Vehicle Loan
RepaymentOfVehicleLoan
-375 cad
PNRLF Repayments Of Lease
RepaymentsOfLease
1112496 cad
PNRLF Repayments Of Lease
RepaymentsOfLease
946427 cad
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
26136270 cad
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
31424264 cad
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-340127 cad
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-142141 cad
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1887251 cad
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3690305 cad
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19245628 cad
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5162991 cad
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17358377 cad
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8853296 cad
us-gaap Interest Paid Net
InterestPaidNet
1682379 cad
us-gaap Interest Paid Net
InterestPaidNet
809238 cad
us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_800_eus-gaap--NatureOfOperations_zDmucuY9vaN9" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1.</b></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_825_zbzeBX37gyc">NATURE OF OPERATIONS AND GOING CONCERN</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 57pt; text-align: justify; text-indent: -57pt"><span 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; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Premium Nickel Resources Ltd. (the “<b>Company</b>” or “<b>PNRL</b>”) 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 <i>Business Corporations Act</i> (Ontario) (the “<b>OBCA</b>”) on August 3, 2022. The common shares of PNRL (“<b>Common Shares</b>”) are listed and posted for trading on the TSX Venture Exchange (the “<b>TSXV</b>”) under the symbol “PNRL”.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 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 0pt 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. PNRC was incorporated 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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 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 0pt 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 0pt 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 0pt 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 evaluation of mineral properties in Botswana through its wholly-owned subsidiaries.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 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 0pt 0pt 0; text-align: justify"><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 0pt 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-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="form10-q_004.jpg" style="width: 800px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><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 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </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="text-align: justify; width: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><sup>(1)</sup></span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Premium Nickel Group Proprietary Limited owns the Selkirk Mine (as defined below).</span></td></tr> <tr style="vertical-align: top"> <td> </td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><sup>(2)</sup></span></td> <td style="text-align: justify"><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> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 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 0pt 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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="form10-q_003.jpg" style="width: 500px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Unaudited Condensed Interim Consolidated Financial Statements</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For the three and nine months ended September 30, 2024 and 2023</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(Expressed in Canadian dollars)</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s head and registered office is located 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 0pt 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The principal assets of the Company are the Selebi and Selebi North nickel-copper-cobalt (“<b>Ni-Cu-Co</b>”) mines in Botswana and related infrastructure (together, the “<b>Selebi Mines</b>”), as well as 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 Mine” and together with the Selebi Mines, the “Mines</b>”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Going Concern</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company, being in the exploration 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 and advancement of the Company’s material projects, 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 September 30, 2024, 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_905_eus-gaap--NetIncomeLoss_iN_di_c20240101__20240930_z21zXTltC0T6" title="Net loss">31,145,332</span> for the nine months ended September 30, 2024. 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 0pt 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These unaudited condensed interim consolidated financial statements have been prepared on 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 evaluation, 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 operations. These material uncertainties cast substantial doubt about the Company’s ability to continue as a going concern. These condensed interim 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 0pt 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The properties in which the Company currently has an interest are in pre-revenue stage. As such, the Company is dependent on external financing to fund its activities. In order to carry out the planned development 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Net Income Loss
NetIncomeLoss
-31145332 cad
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84D_eus-gaap--UseOfEstimates_zuvJo2EH0VCk" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(d)</i></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_863_zt60MV0N8wqg">Use of estimates and judgment</span></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"> </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 preparation of the unaudited condensed interim consolidated financial statements in accordance with US GAAP requires management to make judgements, estimates and assumptions that affect the implementation of the accounting policies and the recorded amount of assets and liabilities, income, expenses, and disclosure of contingent liabilities. Actual results may differ from these estimates.</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">Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognized prospectively.</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"><span 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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="form10-q_003.jpg" style="width: 500px"/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to the Unaudited Condensed Interim Consolidated Financial Statements</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For the three and nine months ended September 30, 2024 and 2023</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(Expressed in Canadian dollars)</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"> </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 style="text-decoration: underline">Judgement</span></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">Information about judgements made in applying accounting policies that have the most significant effect on the amounts recognized in these consolidated financial statements is the same as disclosed in Note 3 of the consolidated financial statements for the year ended December 31, 2023.</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"><span style="text-decoration: underline">Estimates</span></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">Information about assumptions and estimates uncertainties as at September 30, 2024, that have a significant risk of resulting in a material adjustment to the carrying amount of assets and liabilities in the next financial year is the same as disclosed in Note 3 of the consolidated financial statement for the year ended December 31, 2023.</span></p>
CY2024Q3 PNRLF Harmonized Sales Tax Receivable Current
HarmonizedSalesTaxReceivableCurrent
337715 cad
CY2023Q4 PNRLF Harmonized Sales Tax Receivable Current
HarmonizedSalesTaxReceivableCurrent
301618 cad
CY2024Q3 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
488775 cad
CY2023Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
223776 cad
CY2023Q4 PNRLF Other Receivables Miscellaneous Current
OtherReceivablesMiscellaneousCurrent
7441 cad
CY2024Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
826490 cad
CY2023Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
532835 cad
CY2022Q4 us-gaap Mineral Properties Net
MineralPropertiesNet
8578627 cad
CY2023 PNRLF Mining Properties Additions Through Acquisitions
MiningPropertiesAdditionsThroughAcquisitions
483883 cad
CY2023 PNRLF Mining Properties Increase Decreases From Foreign Currency Translation Adjustments
MiningPropertiesIncreaseDecreasesFromForeignCurrencyTranslationAdjustments
467712 cad
CY2023Q4 us-gaap Mineral Properties Net
MineralPropertiesNet
8594798 cad
PNRLF Mining Properties Increase Decreases From Foreign Currency Translation Adjustments
MiningPropertiesIncreaseDecreasesFromForeignCurrencyTranslationAdjustments
-260714 cad
CY2024Q3 us-gaap Mineral Properties Net
MineralPropertiesNet
8855512 cad
CY2023Q3 PNRLF Percentage Of Interest To Be Acquired In Two Additional Deposits
PercentageOfInterestToBeAcquiredInTwoAdditionalDeposits
1 pure
CY2023Q3 PNRLF Acquisition Cost Of Additional Properties
AcquisitionCostOfAdditionalProperties
1349900 cad
CY2023Q3 PNRLF Acquisition Cost Of Additional Properties
AcquisitionCostOfAdditionalProperties
1000000 usd
PNRLF Asset Acquisition Description
AssetAcquisitionDescription
In addition, the Company agreed to additional work commitments of $6,749,500 (USD 5,000,000) in the aggregate over the next four years. As a result of the extension of the Selebi mining license, the remaining asset purchase obligations of the Company outlined in the original Selebi APA with the liquidator will each increase by 10%, or $7,424,450 (USD 5,500,000) in total, while the trigger events remain unchanged. The existing 2% net smelter royalty (“NSR”) held by the Liquidator with respect to production from the Selebi mining license will also apply to production from these additional deposits, subject to the Company’s existing buy-back right for 50% of the NSR (Note 10). The acquisition of the Phikwe South and the Southeast Extension deposits has not yet closed as at September 30, 2024.
us-gaap Exploration Expense
ExplorationExpense
18598362 cad
us-gaap Exploration Expense
ExplorationExpense
13252757 cad
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3491213 cad
CY2023 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
6061525 cad
CY2023 PNRLF Property Plant And Equipment Foreign Currency Translation
PropertyPlantAndEquipmentForeignCurrencyTranslation
-221464 cad
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9331274 cad
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9331274 cad
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
137464 cad
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
137464 cad
PNRLF Property Plant And Equipment Foreign Currency Translation
PropertyPlantAndEquipmentForeignCurrencyTranslation
264357 cad
PNRLF Property Plant And Equipment Foreign Currency Translation
PropertyPlantAndEquipmentForeignCurrencyTranslation
264357 cad
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9733095 cad
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9733095 cad
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
96543 cad
CY2023 us-gaap Depreciation
Depreciation
744783 cad
CY2023 PNRLF Accumulated Depreciation And Amortization On Property Plant And Equipment Foreign Currency Translation
AccumulatedDepreciationAndAmortizationOnPropertyPlantAndEquipmentForeignCurrencyTranslation
1449 cad
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
842775 cad
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
842775 cad
us-gaap Depreciation
Depreciation
1088483 cad
us-gaap Depreciation
Depreciation
1088483 cad
PNRLF Accumulated Depreciation And Amortization On Property Plant And Equipment Foreign Currency Translation
AccumulatedDepreciationAndAmortizationOnPropertyPlantAndEquipmentForeignCurrencyTranslation
37790 cad
PNRLF Accumulated Depreciation And Amortization On Property Plant And Equipment Foreign Currency Translation
AccumulatedDepreciationAndAmortizationOnPropertyPlantAndEquipmentForeignCurrencyTranslation
37790 cad
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1969048 cad
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1969048 cad
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
8488499 cad
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
8488499 cad
CY2024Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
7764047 cad
CY2024Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
7764047 cad
CY2024Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
24667 cad
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
93795 cad
CY2024Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
3595882 cad
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
2383196 cad
CY2024Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1284086 cad
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1803155 cad
CY2024Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
4904635 cad
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
4280146 cad
CY2023Q2 PNRLF Proceeds From Financing Transactions Gross
ProceedsFromFinancingTransactionsGross
33999200 cad
CY2023Q2 PNRLF Number Of Transactions In Financing
NumberOfTransactionsInFinancing
3 integer
CY2023Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
16249200 cad
CY2023Q2 PNRLF Proceeds From Net Smelter Royalty Option
ProceedsFromNetSmelterRoyaltyOption
2750000 cad
us-gaap Interest Expense Debt
InterestExpenseDebt
1563324 cad
us-gaap Interest Expense Debt
InterestExpenseDebt
390411 cad
CY2024Q3 us-gaap Operating Leases Of Lessee Contingent Rentals Basis Spread On Variable Rate
OperatingLeasesOfLesseeContingentRentalsBasisSpreadOnVariableRate
0.50 pure
PNRLF Right Of Use Asset Obtained In Exchange For Finance Lease Liability Implied Interest Rate
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiabilityImpliedInterestRate
0.06 pure
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
237297 cad
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
126380 cad
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
107238 cad
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
233327 cad
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1043200 cad
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
3602167 cad
CY2024Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
278100 shares
CY2024Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.10
CY2024Q2 us-gaap Share Price
SharePrice
2.00
CY2024Q2 PNRLF Class Of Warrant Or Right Redemption Of Warrants Or Rights Threshold Trading Days
ClassOfWarrantOrRightRedemptionOfWarrantsOrRightsThresholdTradingDays
P20D
CY2024Q2 PNRLF Class Of Warrant Or Right Redemption Of Warrants Or Rights Threshold Consecutive Trading Days
ClassOfWarrantOrRightRedemptionOfWarrantsOrRightsThresholdConsecutiveTradingDays
P30D
CY2024Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
1025000 shares
CY2024Q2 PNRLF Advisory Fees
AdvisoryFees
250000 cad
CY2024Q2 PNRLF Fair Value Of Warrants
FairValueOfWarrants
12533135 cad
CY2024Q2 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
27499999 cad
CY2024Q2 PNRLF Share Issuance Costs
ShareIssuanceCosts
250000 cad
CY2024Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
1087755 cad
CY2024Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
1025000 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
6891099 shares
CY2023Q4 PNRLF Class Of Warrant Or Right Weighted Average Exercise Price Outstanding
ClassOfWarrantOrRightWeightedAverageExercisePriceOutstanding
1.50
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
1098786 shares
CY2022Q4 PNRLF Class Of Warrant Or Right Weighted Average Exercise Price Outstanding
ClassOfWarrantOrRightWeightedAverageExercisePriceOutstanding
1.96
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
36281409 shares
CY2024Q3 PNRLF Class Of Warrant Or Right Weighted Average Exercise Price Issued
ClassOfWarrantOrRightWeightedAverageExercisePriceIssued
1.10
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
6595448 shares
CY2023Q4 PNRLF Class Of Warrant Or Right Weighted Average Exercise Price Issued
ClassOfWarrantOrRightWeightedAverageExercisePriceIssued
1.46
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
100000 shares
CY2023Q4 PNRLF Class Of Warrant Or Right Weighted Average Exercise Price Exercised
ClassOfWarrantOrRightWeightedAverageExercisePriceExercised
-1.75
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations
645651 shares
CY2024Q3 PNRLF Class Of Warrant Or Right Weighted Average Exercise Price Cancelled Or Expired
ClassOfWarrantOrRightWeightedAverageExercisePriceCancelledOrExpired
-2.05
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations
703135 shares
CY2023Q4 PNRLF Class Of Warrant Or Right Weighted Average Exercise Price Cancelled Or Expired
ClassOfWarrantOrRightWeightedAverageExercisePriceCancelledOrExpired
-1.80
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
42526857 shares
CY2024Q3 PNRLF Class Of Warrant Or Right Weighted Average Exercise Price Outstanding
ClassOfWarrantOrRightWeightedAverageExercisePriceOutstanding
1.15
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
6891099 shares
CY2023Q4 PNRLF Class Of Warrant Or Right Weighted Average Exercise Price Outstanding
ClassOfWarrantOrRightWeightedAverageExercisePriceOutstanding
1.50
CY2024Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
42526857 shares
CY2024Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
24667 cad
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
93795 cad
CY2024Q3 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
7702283 cad
CY2024Q3 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
22585458 cad
CY2024Q3 PNRLF Contractual Obligation To Be Paid Year Two To Five
ContractualObligationToBePaidYearTwoToFive
109309 cad
CY2024Q3 us-gaap Contractual Obligation
ContractualObligation
30397050 cad
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
7718897 cad
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
9745686 cad
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
675181 cad
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1611143 cad
CY2024Q3 PNRLF Capital Gross Amount
CapitalGrossAmount
27384825 cad
CY2023Q4 PNRLF Capital Gross Amount
CapitalGrossAmount
29549376 cad
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17358377 cad
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
19245628 cad
CY2024Q3 PNRLF Capital Net Of Cash
CapitalNetOfCash
10026448 cad
CY2023Q4 PNRLF Capital Net Of Cash
CapitalNetOfCash
10303748 cad
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2024Q3 us-gaap Assets Current
AssetsCurrent
20672509 cad
CY2023Q4 us-gaap Assets Current
AssetsCurrent
20890908 cad
CY2024Q3 us-gaap Assets Current
AssetsCurrent
20672509 cad
CY2023Q4 us-gaap Assets Current
AssetsCurrent
20890908 cad
CY2024Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
7764047 cad
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
8488499 cad
CY2024Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
7764047 cad
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
8488499 cad
us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<p id="xdx_801_eus-gaap--LossContingencyDisclosures_zAS1ZfBzIXdf" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>16.</b></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_824_z4wRXEaq6Fn3">CONTINGENT LIABILITIES</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 21pt; text-align: justify; text-indent: -21pt"><span 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; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">There are no environmental liabilities associated with the Mines as at the acquisition dates as all liabilities incurred 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 September 30, 2024, 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 0pt 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 0pt 0pt 0; 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 the Company’s exploration and 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q3 PNRLF Advisory And Consultancy Expenses
AdvisoryAndConsultancyExpenses
74005 cad
CY2023Q3 PNRLF Advisory And Consultancy Expenses
AdvisoryAndConsultancyExpenses
119072 cad
PNRLF Advisory And Consultancy Expenses
AdvisoryAndConsultancyExpenses
251991 cad
PNRLF Advisory And Consultancy Expenses
AdvisoryAndConsultancyExpenses
705956 cad
CY2024Q3 PNRLF Filing Fees
FilingFees
189783 cad
CY2023Q3 PNRLF Filing Fees
FilingFees
25378 cad
PNRLF Filing Fees
FilingFees
460485 cad
PNRLF Filing Fees
FilingFees
256929 cad
CY2024Q3 PNRLF General Office Expenses
GeneralOfficeExpenses
508035 cad
CY2023Q3 PNRLF General Office Expenses
GeneralOfficeExpenses
413145 cad
PNRLF General Office Expenses
GeneralOfficeExpenses
1232215 cad
PNRLF General Office Expenses
GeneralOfficeExpenses
969768 cad
CY2024Q3 us-gaap General Insurance Expense
GeneralInsuranceExpense
157781 cad
CY2023Q3 us-gaap General Insurance Expense
GeneralInsuranceExpense
170778 cad
us-gaap General Insurance Expense
GeneralInsuranceExpense
486456 cad
us-gaap General Insurance Expense
GeneralInsuranceExpense
551791 cad
CY2024Q3 PNRLF Investor Relations Expense
InvestorRelationsExpense
185027 cad
CY2023Q3 PNRLF Investor Relations Expense
InvestorRelationsExpense
137392 cad
PNRLF Investor Relations Expense
InvestorRelationsExpense
472244 cad
PNRLF Investor Relations Expense
InvestorRelationsExpense
422754 cad
CY2024Q3 us-gaap Management Fee Expense
ManagementFeeExpense
670389 cad
CY2023Q3 us-gaap Management Fee Expense
ManagementFeeExpense
865446 cad
us-gaap Management Fee Expense
ManagementFeeExpense
2239889 cad
us-gaap Management Fee Expense
ManagementFeeExpense
2496109 cad
CY2024Q3 us-gaap Professional Fees
ProfessionalFees
347303 cad
CY2023Q3 us-gaap Professional Fees
ProfessionalFees
21539 cad
us-gaap Professional Fees
ProfessionalFees
962827 cad
us-gaap Professional Fees
ProfessionalFees
664228 cad
CY2024Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
181950 cad
CY2023Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
183390 cad
us-gaap Labor And Related Expense
LaborAndRelatedExpense
550975 cad
us-gaap Labor And Related Expense
LaborAndRelatedExpense
183390 cad
CY2024Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2314273 cad
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1936140 cad
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6657082 cad
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6250925 cad
PNRLF General And Administrative Expenses
GeneralAndAdministrativeExpenses
2708304 cad
us-gaap Other General Expense
OtherGeneralExpense
2694115 cad
CY2023 PNRLF Other Inventories Spare Parts Additions
OtherInventoriesSparePartsAdditions
212135 cad
CY2023Q4 us-gaap Other Inventories Spare Parts
OtherInventoriesSpareParts
212135 cad
PNRLF Other Inventories Spare Parts Additions
OtherInventoriesSparePartsAdditions
1110663 cad
PNRLF Other Inventories Spare Parts Utilization
OtherInventoriesSparePartsUtilization
-120342 cad
PNRLF Other Inventories Spare Parts Foreign Currency Translation
OtherInventoriesSparePartsForeignCurrencyTranslation
-401 cad
CY2024Q3 us-gaap Other Inventories Spare Parts
OtherInventoriesSpareParts
1202055 cad
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 PNRLF Non Rule10 B51 Arr Modified Flag
NonRule10B51ArrModifiedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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