2023 Q3 Form 20-F Financial Statement
#000137647424000117 Filed on February 22, 2024
Income Statement
Concept | 2023 Q3 | 2023 |
---|---|---|
Revenue | $0.00 | $0.00 |
YoY Change | ||
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | $212.6K | $627.1K |
YoY Change | 0.59% | -51.94% |
% of Gross Profit | ||
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | ||
YoY Change | ||
% of Gross Profit | ||
Operating Expenses | $212.6K | 627.1K cads |
YoY Change | 0.83% | -53.15% |
Operating Profit | ||
YoY Change | ||
Interest Expense | -$1.250K | $49.44K |
YoY Change | -102.64% | -206.51% |
% of Operating Profit | ||
Other Income/Expense, Net | -$42.71K | -$11.49K |
YoY Change | -603.66% | -139.85% |
Pretax Income | -$462.4K | -$795.0K |
YoY Change | -34.74% | -61.26% |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | -$462.4K | -795.0K cads |
YoY Change | -34.74% | -61.26% |
Net Earnings / Revenue | ||
Basic Earnings Per Share | -$0.02 | |
Diluted Earnings Per Share | -$0.01 | -$0.02 |
COMMON SHARES | ||
Basic Shares Outstanding | 159.0M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2023 Q3 | 2023 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | 139.7K cads | $139.7K |
YoY Change | -75.27% | -75.27% |
Cash & Equivalents | 135.2K cads | |
Short-Term Investments | 4.500K cads | $4.500K |
Other Short-Term Assets | $43.20K | $43.20K |
YoY Change | -87.34% | -87.34% |
Inventory | ||
Prepaid Expenses | 14.20K cads | |
Receivables | 17.03K cads | $17.03K |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | 199.9K cads | $199.9K |
YoY Change | -78.56% | -78.56% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $6.882M | $6.882M |
YoY Change | -2.05% | -2.05% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $81.42K | $81.42K |
YoY Change | -14.04% | -14.04% |
Total Long-Term Assets | 6.963M cads | $6.963M |
YoY Change | -2.77% | -2.77% |
TOTAL ASSETS | ||
Total Short-Term Assets | 199.9K cads | $199.9K |
Total Long-Term Assets | 6.963M cads | $6.963M |
Total Assets | 7.163M cads | $7.163M |
YoY Change | -11.5% | -11.5% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $246.6K | $246.6K |
YoY Change | -48.66% | -48.66% |
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | 883.7K cads | $883.7K |
YoY Change | -19.97% | -19.97% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | ||
YoY Change | ||
Total Long-Term Liabilities | $0.00 | $0.00 |
YoY Change | ||
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | 883.7K cads | $883.7K |
Total Long-Term Liabilities | $0.00 | $0.00 |
Total Liabilities | $883.7K | $883.7K |
YoY Change | -19.97% | -19.97% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -22.40M cads | |
YoY Change | 3.68% | |
Common Stock | 24.89M cads | |
YoY Change | 0.09% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | 6.279M cads | $6.279M |
YoY Change | ||
Total Liabilities & Shareholders Equity | 7.163M cads | $7.163M |
YoY Change | -11.5% | -11.5% |
Cashflow Statement
Concept | 2023 Q3 | 2023 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$462.4K | -795.0K cads |
YoY Change | -34.74% | -61.26% |
Depreciation, Depletion And Amortization | ||
YoY Change | ||
Cash From Operating Activities | -$99.85K | -369.9K cads |
YoY Change | -147.57% | -15.15% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$7.250K | $452.8K |
YoY Change | ||
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$1.540K | $228.5K |
YoY Change | -126.83% | -563.97% |
Cash From Investing Activities | $5.710K | -224.3K cads |
YoY Change | -97.49% | 355.51% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | 0.000 cads | |
YoY Change | -100.0% | |
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 86.97K | 107.0K cads |
YoY Change | -1549.5% | -85.34% |
NET CHANGE | ||
Cash From Operating Activities | -99.85K | -369.9K cads |
Cash From Investing Activities | 5.710K | -224.3K cads |
Cash From Financing Activities | 86.97K | 107.0K cads |
Net Change In Cash | -7.170K | -487.2K cads |
YoY Change | -101.66% | -299.25% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$99.85K | -369.9K cads |
Capital Expenditures | -$7.250K | $452.8K |
Free Cash Flow | -$92.60K | -822.6K cads |
YoY Change |
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29500 | cad |
CY2021 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
2805 | cad |
CY2021 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
624000 | cad |
CY2021 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
202304 | cad |
CY2021 | us-gaap |
Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
-959818 | cad |
CY2021Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
7917609 | cad |
CY2022 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
750000 | cad |
CY2022 | fil |
Share Issue Costs1
ShareIssueCosts1
|
-20370 | cad |
CY2022 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
365300 | cad |
CY2022 | us-gaap |
Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
-2022583 | cad |
CY2022Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
6989956 | cad |
CY2023 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
85000 | cad |
CY2023 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
21965 | cad |
CY2023 | us-gaap |
Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
-817618 | cad |
CY2023Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
6279303 | cad |
CY2023 | ifrs-full |
Profit Loss
ProfitLoss
|
-795040 | cad |
CY2022 | ifrs-full |
Profit Loss
ProfitLoss
|
-2051990 | cad |
CY2021 | ifrs-full |
Profit Loss
ProfitLoss
|
-939124 | cad |
CY2023 | us-gaap |
Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
|
76985 | cad |
CY2022 | us-gaap |
Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
|
-84485 | cad |
CY2021 | us-gaap |
Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
|
0 | cad |
CY2023 | fil |
Flow Through Share Premium Recovery
FlowThroughSharePremiumRecovery
|
-4221 | cad |
CY2022 | fil |
Flow Through Share Premium Recovery
FlowThroughSharePremiumRecovery
|
-28828 | cad |
CY2021 | fil |
Flow Through Share Premium Recovery
FlowThroughSharePremiumRecovery
|
-349676 | cad |
CY2023 | us-gaap |
Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
|
-30052 | cad |
CY2022 | us-gaap |
Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
|
-416 | cad |
CY2021 | us-gaap |
Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
|
0 | cad |
CY2023 | ifrs-full |
Other Income
OtherIncome
|
27000 | cad |
CY2023 | us-gaap |
Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
|
133008 | cad |
CY2022 | us-gaap |
Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
|
341966 | cad |
CY2021 | us-gaap |
Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
|
0 | cad |
CY2023 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
0 | cad |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
365300 | cad |
CY2021 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
202304 | cad |
CY2023 | us-gaap |
Gain Loss On Condemnation
GainLossOnCondemnation
|
-338943 | cad |
CY2022 | us-gaap |
Gain Loss On Condemnation
GainLossOnCondemnation
|
-1038046 | cad |
CY2021 | us-gaap |
Gain Loss On Condemnation
GainLossOnCondemnation
|
-8469 | cad |
CY2023 | ifrs-full |
Other Gains Losses
OtherGainsLosses
|
-42706 | cad |
CY2022 | ifrs-full |
Other Gains Losses
OtherGainsLosses
|
0 | cad |
CY2021 | ifrs-full |
Other Gains Losses
OtherGainsLosses
|
0 | cad |
CY2023 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-65875 | cad |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-17502 | cad |
CY2021 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
30622 | cad |
CY2023 | us-gaap |
Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
0 | cad |
CY2022 | us-gaap |
Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
-126047 | cad |
CY2021 | us-gaap |
Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
126047 | cad |
CY2023 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
198 | cad |
CY2022 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
753 | cad |
CY2021 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
1102 | cad |
CY2023 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-72156 | cad |
CY2022 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
60669 | cad |
CY2021 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-53109 | cad |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
147863 | cad |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
11604 | cad |
CY2021 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-48373 | cad |
CY2023 | us-gaap |
Increase Decrease In Due To Other Related Parties Current
IncreaseDecreaseInDueToOtherRelatedPartiesCurrent
|
203085 | cad |
CY2022 | us-gaap |
Increase Decrease In Due To Other Related Parties Current
IncreaseDecreaseInDueToOtherRelatedPartiesCurrent
|
170843 | cad |
CY2021 | us-gaap |
Increase Decrease In Due To Other Related Parties Current
IncreaseDecreaseInDueToOtherRelatedPartiesCurrent
|
-24606 | cad |
CY2023 | fil |
Funds Held For Optionee1
FundsHeldForOptionee1
|
-234081 | cad |
CY2022 | fil |
Funds Held For Optionee1
FundsHeldForOptionee1
|
234081 | cad |
CY2021 | fil |
Funds Held For Optionee1
FundsHeldForOptionee1
|
-83070 | cad |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-369853 | cad |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-435882 | cad |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1338738 | cad |
CY2023 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
216232 | cad |
CY2022 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
0 | cad |
CY2021 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
0 | cad |
CY2023 | us-gaap |
Increase Decrease In Deposits
IncreaseDecreaseInDeposits
|
12224 | cad |
CY2022 | us-gaap |
Increase Decrease In Deposits
IncreaseDecreaseInDeposits
|
-61584 | cad |
CY2021 | us-gaap |
Increase Decrease In Deposits
IncreaseDecreaseInDeposits
|
-27563 | cad |
CY2023 | us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
452748 | cad |
CY2022 | us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
-12341 | cad |
CY2021 | us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
3298056 | cad |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-224292 | cad |
CY2022 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
0 | cad |
CY2021 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
0 | cad |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-49243 | cad |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-3325619 | cad |
CY2023 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
85000 | cad |
CY2023 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | cad |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
750000 | cad |
CY2021 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
4448315 | cad |
CY2023 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
21965 | cad |
CY2022 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
0 | cad |
CY2021 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
624000 | cad |
CY2023 | us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
0 | cad |
CY2022 | us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
0 | cad |
CY2021 | us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
2805 | cad |
CY2023 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
0 | cad |
CY2022 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
20370 | cad |
CY2021 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
368215 | cad |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
106965 | cad |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
729630 | cad |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
4706905 | cad |
CY2023 | ifrs-full |
Effect Of Exchange Rate Changes On Cash And Cash Equivalents
EffectOfExchangeRateChangesOnCashAndCashEquivalents
|
-14791 | cad |
CY2022 | ifrs-full |
Effect Of Exchange Rate Changes On Cash And Cash Equivalents
EffectOfExchangeRateChangesOnCashAndCashEquivalents
|
-20007 | cad |
CY2021 | ifrs-full |
Effect Of Exchange Rate Changes On Cash And Cash Equivalents
EffectOfExchangeRateChangesOnCashAndCashEquivalents
|
8065 | cad |
CY2023 | ifrs-full |
Increase Decrease In Cash And Cash Equivalents
IncreaseDecreaseInCashAndCashEquivalents
|
-501971 | cad |
CY2022 | ifrs-full |
Increase Decrease In Cash And Cash Equivalents
IncreaseDecreaseInCashAndCashEquivalents
|
224498 | cad |
CY2021 | ifrs-full |
Increase Decrease In Cash And Cash Equivalents
IncreaseDecreaseInCashAndCashEquivalents
|
50613 | cad |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
637174 | cad |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
412676 | cad |
CY2020Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
362063 | cad |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
135203 | cad |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
637174 | cad |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
412676 | cad |
CY2023Q3 | ifrs-full |
Cash
Cash
|
135203 | cad |
CY2022Q3 | ifrs-full |
Cash
Cash
|
403093 | cad |
CY2021Q3 | ifrs-full |
Cash
Cash
|
412676 | cad |
CY2023Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
0 | cad |
CY2022Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
234081 | cad |
CY2021Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
0 | cad |
CY2023Q3 | fil |
Cash Held For Flow Through Expenditures
CashHeldForFlowThroughExpenditures
|
0 | cad |
CY2022Q3 | fil |
Cash Held For Flow Through Expenditures
CashHeldForFlowThroughExpenditures
|
50654 | cad |
CY2021Q3 | fil |
Cash Held For Flow Through Expenditures
CashHeldForFlowThroughExpenditures
|
396594 | cad |
CY2023Q3 | fil |
Cash Included In Accounts Payable And Accrued Liabilities Related To Prepaid Expenses
CashIncludedInAccountsPayableAndAccruedLiabilitiesRelatedToPrepaidExpenses
|
0 | cad |
CY2022Q3 | fil |
Cash Included In Accounts Payable And Accrued Liabilities Related To Prepaid Expenses
CashIncludedInAccountsPayableAndAccruedLiabilitiesRelatedToPrepaidExpenses
|
20398 | cad |
CY2021Q3 | fil |
Cash Included In Accounts Payable And Accrued Liabilities Related To Prepaid Expenses
CashIncludedInAccountsPayableAndAccruedLiabilitiesRelatedToPrepaidExpenses
|
0 | cad |
CY2023Q3 | fil |
Cash Included In Accounts Payable And Accrued Liabilities Is Related To Flow Through Expenditures
CashIncludedInAccountsPayableAndAccruedLiabilitiesIsRelatedToFlowThroughExpenditures
|
0 | cad |
CY2022Q3 | fil |
Cash Included In Accounts Payable And Accrued Liabilities Is Related To Flow Through Expenditures
CashIncludedInAccountsPayableAndAccruedLiabilitiesIsRelatedToFlowThroughExpenditures
|
0 | cad |
CY2021Q3 | fil |
Cash Included In Accounts Payable And Accrued Liabilities Is Related To Flow Through Expenditures
CashIncludedInAccountsPayableAndAccruedLiabilitiesIsRelatedToFlowThroughExpenditures
|
40413 | cad |
CY2023 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font:10pt Times New Roman;margin:0;margin-left:18pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt"><b>1.</b></kbd><b>NATURE OF OPERATIONS AND GOING CONCERN </b> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;color:#000000;text-align:justify">Silver North Resources Ltd. (formerly Alianza Minerals Ltd., “Alianza”) (the “Company” or “Silver North”) was incorporated in Alberta on October 21, 2005 under the Business Corporations Act of Alberta and its registered office is Suite 410, 325 Howe Street, Vancouver, BC, Canada, V6C 1Z7. On April 25, 2008 the Company filed for a certificate of continuance and is continuing as a BC Company under the Business Corporations Act (British Columbia). The Company changed its name and consolidated its shares (“Consolidation”) on August 14, 2023 and began trading on the TSX Venture Exchange (the “Exchange”) under the symbol “SNAG”.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">The Company is an exploration stage company and is engaged principally in the acquisition and exploration of mineral properties. The recovery of the Company’s investment in its exploration and evaluation assets is dependent upon the future discovery, development and sale of minerals, upon the ability to raise sufficient capital to finance these activities, and/or upon the sale of these properties.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">These consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) applicable to a going concern, which assumes that the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The ability of the Company to continue as a going concern is dependent on obtaining additional financing through the issuance of common shares or obtaining joint venture or property sale agreements for one or more properties. </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">There can be no assurance that the Company will be able to continue to raise funds in which case the Company may be unable to meet its obligations. Should the Company be unable to realize on its assets and discharge its liabilities in the normal course of business, the net realizable value of its assets may be materially less than the amounts recorded on the consolidated statement of financial position. The consolidated financial statements do not include adjustments to amounts and classifications of assets and liabilities that might be necessary should the Company be unable to continue operations.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">Adverse financial market conditions and volatility increase the uncertainty of the Company’s ability to continue as a going concern given the need to both manage expenditures and to raise additional funds. The Company is experiencing, and has experienced, negative operating cash flows. The Company will continue to search for new or alternate sources of financing but anticipates that the current market conditions may impact the ability to source such funds. Accordingly, these material uncertainties cast significant doubt upon the Company’s ability to continue as a going concern.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">As at September 30, 2023, the Company had a working capital deficiency of $683,757 (September 30, 2022: $171,465) and shareholders’ equity of $6,279,303 (September 30, 2022: $6,989,956). </p> | |
CY2023 | dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
2005-10-21 | |
CY2023 | dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
Suite 410 | |
CY2023 | dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
325 Howe Street | |
CY2023 | dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Vancouver | |
CY2023 | dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
BC | |
CY2023 | dei |
Entity Address Country
EntityAddressCountry
|
CA | |
CY2023 | dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
V6C 1Z7 | |
CY2023Q3 | fil |
Working Capital Deficiency
WorkingCapitalDeficiency
|
683757 | cad |
CY2022Q3 | fil |
Working Capital Deficiency
WorkingCapitalDeficiency
|
171465 | cad |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6279303 | cad |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6989956 | cad |
CY2023 | fil |
Marketable Securities Shares Sold
MarketableSecuritiesSharesSold
|
246284 | cad |
CY2022 | fil |
Marketable Securities Shares Sold
MarketableSecuritiesSharesSold
|
0 | cad |
CY2023 | fil |
Marketable Securities Change In Unrealized Loss
MarketableSecuritiesChangeInUnrealizedLoss
|
76985 | cad |
CY2022 | fil |
Marketable Securities Change In Unrealized Loss
MarketableSecuritiesChangeInUnrealizedLoss
|
-84485 | cad |
CY2023 | us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<p style="font:10pt Times New Roman;margin:0;margin-left:18pt"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt"><b>2.</b></kbd><b>BASIS OF PREPARATION</b> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"><b>Statement of Compliance </b></p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">These consolidated financial statements have been prepared in accordance and compliance with IFRS as issued by the International Accounting Standards Board (“IASB”) and interpretations of the International Financial Reporting Interpretations Committee (“IFRIC”).</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt"><b>Basis of preparation</b></p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">These consolidated financial statements have been prepared on a historical cost basis. In addition, these consolidated financial statements have been prepared using the accrual basis of accounting, except for cash flow information.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">These consolidated financial statements, including comparatives, have been prepared on the basis of IFRS standards that are published at the time of preparation.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt"><b>New accounting standards and interpretations</b></p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">Certain new accounting standards and interpretations have been published that are not mandatory for the September 30, 2023 reporting period. The Company has not early adopted the following new and revised standards, amendments and interpretations that have been issued but are not yet effective:</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-18pt">·</kbd>Presentation of financial statements </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify">An amendment to IAS 1 was issued in January 2020 and applies to annual reporting periods beginning on or after January 1, 2023. The amendment clarifies the criterion for classifying a liability as non-current relating to the right to defer settlement of a liability for at least 12 months after the reporting period. </p> <p style="font:10pt Times New Roman;margin:0;margin-left:14.15pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">The Company anticipates that the application of the above new and revised standards, amendments and interpretations will have no material impact on its results and financial position.</p> | |
CY2023Q3 | fil |
Marketable Securities Fair Value
MarketableSecuritiesFairValue
|
4500 | cad |
CY2022Q3 | fil |
Marketable Securities Fair Value
MarketableSecuritiesFairValue
|
161799 | cad |
CY2022Q3 | fil |
Exploration And Evaluation Assets
ExplorationAndEvaluationAssets
|
7025515 | cad |
CY2023Q3 | fil |
Exploration And Evaluation Assets Claim Staking1
ExplorationAndEvaluationAssetsClaimStaking1
|
5799 | cad |
CY2023 | fil |
Exploration And Evaluation Assets Property Acquisition
ExplorationAndEvaluationAssetsPropertyAcquisition
|
13520 | cad |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font:10pt Times New Roman;margin:0;margin-left:18pt"><b>Significant accounting judgments and estimates</b></p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">The preparation of these consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and reported amounts of expenses during the reporting period. Actual outcomes could differ from these estimates. The consolidated financial statements include estimates which, by their nature, are uncertain. The impacts of such estimates are pervasive throughout the consolidated financial statements, and may require accounting adjustments based on future occurrences. Revisions to accounting estimates are recognized in the period in which the estimate is revised and the revision affects both current and future periods.</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">Significant assumptions about the future and other sources of estimation uncertainty that management has made at the consolidated statement of financial position date, that could result in a material adjustment to the carrying amounts of assets and liabilities in the event that actual results differ from assumptions made, relate to, but are not limited to, the following: </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"><span style="border-bottom:1px solid #000000">Critical judgments</span></p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">The following are critical judgments that management has made in the process of applying accounting policies and that have the most significant effect on the amounts recognized in the consolidated financial statements:</p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-76.5pt">·</kbd>the determination that the Company will continue as a going concern for the next year; </p> <p style="font:10pt Times New Roman;margin:0;margin-left:45pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-13.5pt">·</kbd>the determination that there have been no events or changes in circumstances that indicate the carrying amount of exploration and evaluation assets may not be recoverable; </p> <p style="font:10pt Times New Roman;margin:0;margin-left:45pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-13.5pt">·</kbd>the determination that there are no restoration, rehabilitation and environmental costs to be accrued; and </p> <p style="font:10pt Times New Roman;margin:0;margin-left:45pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-13.5pt">·</kbd>the determination that the functional currency of the parent is the Canadian dollar, the functional currency of its subsidiaries in Peru is the Peruvian nuevo sole and the functional currency of its subsidiaries in the USA is the US dollar. </p> | |
CY2023 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p style="font:10pt Times New Roman;margin:0;margin-left:18pt"><b>Comparative figures</b></p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">Certain comparative figures have been reclassified to conform to the current year's presentation.</p> | |
CY2022Q3 | fil |
Marketable Securities Fair Value
MarketableSecuritiesFairValue
|
161799 | cad |
CY2021Q3 | fil |
Marketable Securities Fair Value
MarketableSecuritiesFairValue
|
0 | cad |
CY2023 | fil |
Marketable Securities Shares Received
MarketableSecuritiesSharesReceived
|
12000 | cad |
CY2022 | fil |
Marketable Securities Shares Received
MarketableSecuritiesSharesReceived
|
267500 | cad |
CY2023 | fil |
Marketable Securities Shares Transferred
MarketableSecuritiesSharesTransferred
|
0 | cad |
CY2022 | fil |
Marketable Securities Shares Transferred
MarketableSecuritiesSharesTransferred
|
-21216 | cad |
CY2023Q3 | fil |
Exploration And Evaluation Assets Total
ExplorationAndEvaluationAssetsTotal
|
19319 | cad |
CY2023 | fil |
Exploration And Evaluation Assets Camp Travel And Meals
ExplorationAndEvaluationAssetsCampTravelAndMeals
|
34079 | cad |
CY2023 | fil |
Exploration And Evaluation Assets Drilling
ExplorationAndEvaluationAssetsDrilling
|
20926 | cad |
CY2023 | fil |
Exploration And Evaluation Assets Field Equipment Rental
ExplorationAndEvaluationAssetsFieldEquipmentRental
|
7009 | cad |
CY2023 | fil |
Exploration And Evaluation Assets Field Supplies And Maps
ExplorationAndEvaluationAssetsFieldSuppliesAndMaps
|
443 | cad |
CY2023 | fil |
Exploration And Evaluation Assets Geochemical
ExplorationAndEvaluationAssetsGeochemical
|
16650 | cad |
CY2023 | fil |
Exploration And Evaluation Assets Geological Consulting
ExplorationAndEvaluationAssetsGeologicalConsulting
|
107354 | cad |
CY2023 | fil |
Exploration And Evaluation Assets Licence And Permits
ExplorationAndEvaluationAssetsLicenceAndPermits
|
46139 | cad |
CY2023 | fil |
Exploration And Evaluation Assets Management Fees1
ExplorationAndEvaluationAssetsManagementFees1
|
28581 | cad |
CY2023Q3 | fil |
Exploration And Evaluation Assets Permitting
ExplorationAndEvaluationAssetsPermitting
|
77568 | cad |
CY2023Q3 | fil |
Exploration And Evaluation Assets Reclamation
ExplorationAndEvaluationAssetsReclamation
|
717 | cad |
CY2023 | fil |
Exploration And Evaluation Assets Reporting Drafting Sampling And Analysis1
ExplorationAndEvaluationAssetsReportingDraftingSamplingAndAnalysis1
|
304 | cad |
CY2023Q3 | fil |
Exploration And Evalutation Assets Trenching
ExplorationAndEvalutationAssetsTrenching
|
270 | cad |
CY2023Q3 | fil |
Exploration And Evaluation Assets Total Expenses
ExplorationAndEvaluationAssetsTotalExpenses
|
340040 | cad |
CY2023 | fil |
Exploration And Evaluation Assets Option Payment Received
ExplorationAndEvaluationAssetsOptionPaymentReceived
|
-44897 | cad |
CY2023 | fil |
Exploration And Evaluation Assets Proceeds Received In Excess Of Exploration And Evaluation Asset Costs Recognized As Income
ExplorationAndEvaluationAssetsProceedsReceivedInExcessOfExplorationAndEvaluationAssetCostsRecognizedAsIncome
|
133008 | cad |
CY2023 | fil |
Exploration And Evaluation Assets Recovered Exploration Expenditures
ExplorationAndEvaluationAssetsRecoveredExplorationExpenditures
|
-240371 | cad |
CY2023Q3 | fil |
Exploration And Evalutation Assets Writedown Of Properties
ExplorationAndEvalutationAssetsWritedownOfProperties
|
-338943 | cad |
CY2023 | fil |
Exploration And Evaluation Assets Net Additions
ExplorationAndEvaluationAssetsNetAdditions
|
-131844 | cad |
CY2023 | fil |
Exploration And Evaluation Assets Foreign Currency Translation
ExplorationAndEvaluationAssetsForeignCurrencyTranslation
|
-12026 | cad |
CY2023Q3 | fil |
Exploration And Evaluation Assets
ExplorationAndEvaluationAssets
|
6881645 | cad |
CY2022Q3 | fil |
Exploration And Evaluation Assets Claim Staking1
ExplorationAndEvaluationAssetsClaimStaking1
|
880 | cad |
CY2022 | fil |
Exploration And Evaluation Assets Property Acquisition
ExplorationAndEvaluationAssetsPropertyAcquisition
|
91837 | cad |
CY2022Q3 | fil |
Exploration And Evaluation Assets Total
ExplorationAndEvaluationAssetsTotal
|
92717 | cad |
CY2022 | fil |
Exploration And Evaluation Assets Aircraft Charter
ExplorationAndEvaluationAssetsAircraftCharter
|
1066 | cad |
CY2022 | fil |
Exploration And Evaluation Assets Camp Travel And Meals
ExplorationAndEvaluationAssetsCampTravelAndMeals
|
81708 | cad |
CY2022 | fil |
Exploration And Evaluation Assets Drilling
ExplorationAndEvaluationAssetsDrilling
|
646501 | cad |
CY2022 | fil |
Exploration And Evaluation Assets Field Equipment Rental
ExplorationAndEvaluationAssetsFieldEquipmentRental
|
39500 | cad |
CY2022 | fil |
Exploration And Evaluation Assets Field Supplies And Maps
ExplorationAndEvaluationAssetsFieldSuppliesAndMaps
|
8352 | cad |
CY2022 | fil |
Exploration And Evaluation Assets Geochemical
ExplorationAndEvaluationAssetsGeochemical
|
1942 | cad |
CY2022 | fil |
Exploration And Evaluation Assets Geological Consulting
ExplorationAndEvaluationAssetsGeologicalConsulting
|
299958 | cad |
CY2022 | fil |
Exploration And Evaluation Assets Legal And Accounting
ExplorationAndEvaluationAssetsLegalAndAccounting
|
11662 | cad |
CY2022 | fil |
Exploration And Evaluation Assets Licence And Permits
ExplorationAndEvaluationAssetsLicenceAndPermits
|
59257 | cad |
CY2022 | fil |
Exploration And Evaluation Assets Management Fees1
ExplorationAndEvaluationAssetsManagementFees1
|
19875 | cad |
CY2022Q3 | fil |
Exploration And Evaluation Assets Permitting
ExplorationAndEvaluationAssetsPermitting
|
139119 | cad |
CY2022Q3 | fil |
Exploration And Evaluation Assets Reclamation
ExplorationAndEvaluationAssetsReclamation
|
10525 | cad |
CY2022 | fil |
Exploration And Evaluation Assets Reporting Drafting Sampling And Analysis1
ExplorationAndEvaluationAssetsReportingDraftingSamplingAndAnalysis1
|
37276 | cad |
CY2022Q3 | fil |
Exploration And Evalutation Assets Trenching
ExplorationAndEvalutationAssetsTrenching
|
87008 | cad |
CY2022Q3 | fil |
Exploration And Evaluation Assets Total Expenses
ExplorationAndEvaluationAssetsTotalExpenses
|
1443749 | cad |
CY2022 | fil |
Exploration And Evaluation Assets Option Payment Received
ExplorationAndEvaluationAssetsOptionPaymentReceived
|
-412500 | cad |
CY2022 | fil |
Exploration And Evaluation Assets Proceeds Received In Excess Of Exploration And Evaluation Asset Costs Recognized As Income
ExplorationAndEvaluationAssetsProceedsReceivedInExcessOfExplorationAndEvaluationAssetCostsRecognizedAsIncome
|
341966 | cad |
CY2022 | fil |
Exploration And Evaluation Assets Recovered Exploration Expenditures
ExplorationAndEvaluationAssetsRecoveredExplorationExpenditures
|
-1157966 | cad |
CY2022Q3 | fil |
Exploration And Evalutation Assets Writedown Of Properties
ExplorationAndEvalutationAssetsWritedownOfProperties
|
-1038046 | cad |
CY2022 | fil |
Exploration And Evaluation Assets Net Additions
ExplorationAndEvaluationAssetsNetAdditions
|
-730080 | cad |
CY2022 | fil |
Exploration And Evaluation Assets Foreign Currency Translation
ExplorationAndEvaluationAssetsForeignCurrencyTranslation
|
47216 | cad |
CY2022Q3 | fil |
Exploration And Evaluation Assets
ExplorationAndEvaluationAssets
|
7025515 | cad |
CY2023Q3 | fil |
Weighted Average Contractual Remaining Life Of Options In Years
WeightedAverageContractualRemainingLifeOfOptionsInYears
|
2.64 | pure |
CY2022Q3 | fil |
Weighted Average Contractual Remaining Life Of Options In Years
WeightedAverageContractualRemainingLifeOfOptionsInYears
|
3.39 | pure |
CY2021Q3 | fil |
Weighted Average Contractual Remaining Life Of Options In Years
WeightedAverageContractualRemainingLifeOfOptionsInYears
|
3.11 | pure |
CY2023 | fil |
Weighted Average Fair Value Of Stock Options Granted
WeightedAverageFairValueOfStockOptionsGranted
|
0 | cad |
CY2022 | fil |
Weighted Average Fair Value Of Stock Options Granted
WeightedAverageFairValueOfStockOptionsGranted
|
0.3 | cad |
CY2021 | fil |
Weighted Average Fair Value Of Stock Options Granted
WeightedAverageFairValueOfStockOptionsGranted
|
0.5 | cad |
CY2021Q3 | fil |
Fair Value Of Options Risk Free Interest Rate
FairValueOfOptionsRiskFreeInterestRate
|
0.0129 | pure |
CY2022 | fil |
Fair Value Of Options Expected Life
FairValueOfOptionsExpectedLife
|
P5Y | |
CY2021 | fil |
Fair Value Of Options Expected Life
FairValueOfOptionsExpectedLife
|
P5Y | |
CY2021Q3 | fil |
Fair Value Of Options Expected Volatility
FairValueOfOptionsExpectedVolatility
|
1.0156 | pure |
CY2022Q3 | fil |
Fair Value Of Options Expected Dividend Yield
FairValueOfOptionsExpectedDividendYield
|
0 | pure |
CY2021Q3 | fil |
Fair Value Of Options Expected Dividend Yield
FairValueOfOptionsExpectedDividendYield
|
0 | pure |
CY2023Q3 | fil |
Weighted Average Contractual Remaining Life Of Warrants In Years
WeightedAverageContractualRemainingLifeOfWarrantsInYears
|
1.62 | pure |
CY2022Q3 | fil |
Weighted Average Contractual Remaining Life Of Warrants In Years
WeightedAverageContractualRemainingLifeOfWarrantsInYears
|
0.75 | pure |
CY2021Q3 | fil |
Weighted Average Contractual Remaining Life Of Warrants In Years
WeightedAverageContractualRemainingLifeOfWarrantsInYears
|
1.15 | pure |
CY2023Q3 | fil |
Weighted Average Contractual Remaining Life Of Finder S Warrants In Years
WeightedAverageContractualRemainingLifeOfFinderSWarrantsInYears
|
0 | pure |
CY2022Q3 | fil |
Weighted Average Contractual Remaining Life Of Finder S Warrants In Years
WeightedAverageContractualRemainingLifeOfFinderSWarrantsInYears
|
0.25 | pure |
CY2021Q3 | fil |
Weighted Average Contractual Remaining Life Of Finder S Warrants In Years
WeightedAverageContractualRemainingLifeOfFinderSWarrantsInYears
|
1.25 | pure |
CY2021 | fil |
Fair Value Of Finder S Warrants Risk Free Interest Rate
FairValueOfFinderSWarrantsRiskFreeInterestRate
|
0.0109 | pure |
CY2021 | fil |
Fair Value Of Finder S Warrants Expected Life
FairValueOfFinderSWarrantsExpectedLife
|
P2Y | |
CY2021 | fil |
Fair Value Of Finder S Warrants Expected Volatility
FairValueOfFinderSWarrantsExpectedVolatility
|
1.2096 | pure |
CY2021 | fil |
Fair Value Of Finder S Warrants Expected Dividend Yield
FairValueOfFinderSWarrantsExpectedDividendYield
|
0 | pure |
CY2023Q3 | ifrs-full |
Other Shortterm Provisions
OtherShorttermProvisions
|
637105 | cad |
CY2022Q3 | ifrs-full |
Other Shortterm Provisions
OtherShorttermProvisions
|
385574 | cad |
CY2023Q3 | fil |
Exploration And Evaluation Asset Costs Included In Accounts Payable And Accrued Liabilities
ExplorationAndEvaluationAssetCostsIncludedInAccountsPayableAndAccruedLiabilities
|
20161 | cad |
CY2023Q3 | fil |
Exploration And Evaluation Asset Costs Included In Due To Related Parties
ExplorationAndEvaluationAssetCostsIncludedInDueToRelatedParties
|
19447 | cad |
CY2023Q3 | fil |
Marketable Securities Related To The Shares Received
MarketableSecuritiesRelatedToTheSharesReceived
|
12000 | cad |
CY2023 | fil |
Proceeds From Sale Of Marketable Securities
ProceedsFromSaleOfMarketableSecurities
|
216232 | cad |
CY2022Q3 | fil |
Exploration And Evaluation Asset Costs Included In Accounts Payable And Accrued Liabilities
ExplorationAndEvaluationAssetCostsIncludedInAccountsPayableAndAccruedLiabilities
|
401957 | cad |
CY2022Q3 | fil |
Advance For Exploration And Evaluation Costs Included In Prepaid Expenses
AdvanceForExplorationAndEvaluationCostsIncludedInPrepaidExpenses
|
20398 | cad |
CY2022Q3 | fil |
Share Issue Costs Included In Due To Related Parties
ShareIssueCostsIncludedInDueToRelatedParties
|
32750 | cad |
CY2022Q3 | fil |
Marketable Securities Related To The Shares Received
MarketableSecuritiesRelatedToTheSharesReceived
|
267500 | cad |
CY2021Q3 | fil |
Exploration And Evaluation Asset Costs Included In Accounts Payable And Accrued Liabilities
ExplorationAndEvaluationAssetCostsIncludedInAccountsPayableAndAccruedLiabilities
|
148335 | cad |
CY2021Q3 | fil |
Share Issue Costs Included In Due To Related Parties
ShareIssueCostsIncludedInDueToRelatedParties
|
32750 | cad |
CY2021Q3 | fil |
Share Issue Costs Related To The Issue Of Finder S Warrants Pursuant To The Private Placement Financing Completed
ShareIssueCostsRelatedToTheIssueOfFinderSWarrantsPursuantToThePrivatePlacementFinancingCompleted
|
153927 | cad |
CY2021 | fil |
Share Capital Recorded
ShareCapitalRecorded
|
29500 | cad |
CY2021Q3 | fil |
Share Capital Related To The Reclassification Of The Fair Values Of Finder S Warrants Exercised From Reserves
ShareCapitalRelatedToTheReclassificationOfTheFairValuesOfFinderSWarrantsExercisedFromReserves
|
1828 | cad |
CY2023Q3 | us-gaap |
Assets Noncurrent
AssetsNoncurrent
|
6963060 | cad |
CY2022Q3 | us-gaap |
Assets Noncurrent
AssetsNoncurrent
|
7161421 | cad |
CY2023 | fil |
Loss Before Income Taxes
LossBeforeIncomeTaxes
|
-795040 | cad |
CY2022 | fil |
Loss Before Income Taxes
LossBeforeIncomeTaxes
|
-2051990 | cad |
CY2023 | fil |
Expected Income Tax Recovery
ExpectedIncomeTaxRecovery
|
-216000 | cad |
CY2022 | fil |
Expected Income Tax Recovery
ExpectedIncomeTaxRecovery
|
-571000 | cad |
CY2023 | fil |
Permanent Differences
PermanentDifferences
|
7000 | cad |
CY2022 | fil |
Permanent Differences
PermanentDifferences
|
91000 | cad |
CY2023 | fil |
Share Issue Costs
ShareIssueCosts
|
-35000 | cad |
CY2022 | fil |
Share Issue Costs
ShareIssueCosts
|
-38000 | cad |
CY2023 | fil |
Change In Unrecognized Deductible Temporary Differences
ChangeInUnrecognizedDeductibleTemporaryDifferences
|
244000 | cad |
CY2022 | fil |
Change In Unrecognized Deductible Temporary Differences
ChangeInUnrecognizedDeductibleTemporaryDifferences
|
518000 | cad |
CY2023 | fil |
Total Deferred Income Tax Recovery Expense
TotalDeferredIncomeTaxRecoveryExpense
|
0 | cad |
CY2022 | fil |
Total Deferred Income Tax Recovery Expense
TotalDeferredIncomeTaxRecoveryExpense
|
0 | cad |
CY2023Q3 | fil |
Obligation For Future Flowthrough Expenditures
ObligationForFutureFlowthroughExpenditures
|
0 | cad |
CY2022Q3 | fil |
Obligation For Future Flowthrough Expenditures
ObligationForFutureFlowthroughExpenditures
|
50654 | cad |
CY2023 | us-gaap |
Description Of Credit Risk Exposure
DescriptionOfCreditRiskExposure
|
The Company’s credit risk is primarily attributable to the liquidity of its cash. The Company limits exposure to credit risk by maintaining its cash with a large Canadian financial institution | |
CY2023 | ifrs-full |
Description Of How Entity Manages Liquidity Risk That Arises From Contracts Within Scope Of Ifrs17
DescriptionOfHowEntityManagesLiquidityRiskThatArisesFromContractsWithinScopeOfIFRS17
|
The Company ensures there is sufficient capital in order to meet short-term business requirements, after taking into account cash flows from operations and the Company’s holdings of cash. The Company does not have sufficient cash to settle its current liabilities, and further funding will be required to meet the Company’s short-term and long-term operating needs. The Company manages liquidity risk through the management of its capital structure. | |
CY2023 | us-gaap |
Concentration Risk Market Risk
ConcentrationRiskMarketRisk
|
As at September 30, 2023, the Company has no producing assets and holds the majority of its cash in secure, Canadian dollar-denominated deposits. Consequently, its exposure to these risks has been significantly reduced, but as the Company redeploys its cash, exposure to these risks may increase. The objective of the Company is to mitigate exposure to these risks while maximizing returns. | |
CY2023 | us-gaap |
Description Of Interest Rate Risk Exposure
DescriptionOfInterestRateRiskExposure
|
As at September 30, 2023, the Company’s exposure to movements in interest rates was limited to potential decreases in interest income from changes to the variable portion of interest rates for its cash. Market interest rates in Canada are at historically low levels, so management does not consider the risk of interest rate declines to be significant, but should such risks increase, the Company may mitigate future exposure by entering into fixed-rate deposits. A 1% change in the interest rate, with other variables unchanged, would not significantly affect the Company. | |
CY2023 | us-gaap |
Foreign Currency Risk Investment Description
ForeignCurrencyRiskInvestmentDescription
|
The Company is exposed to the financial risk related to the fluctuation of foreign exchange rates. The Company may maintain cash and other financial instruments, or may incur revenues and expenditures in currencies other than the Canadian dollar. Significant changes in the currency exchange rates between the Canadian dollar relative to these foreign currencies, which may include but are not limited to US dollars and Peruvian nuevo sol, could have an effect on the Company’s results of operations, financial position or cash flows. The Company has not hedged its exposure to currency fluctuations. | |
CY2023 | us-gaap |
Description Of Price Risk Exposure
DescriptionOfPriceRiskExposure
|
The ability of the Company to develop its mineral properties and the future profitability of the Company are directly related to the market price of minerals such as gold, zinc, lead and copper. The Company’s input costs are also affected by the price of fuel. The Company closely monitors mineral and fuel prices to determine the appropriate course of action to be taken by the Company. | |
CY2023Q3 | ifrs-full |
Cash
Cash
|
135203 | cad |
CY2022Q3 | ifrs-full |
Cash
Cash
|
403093 | cad |
CY2022Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
234081 | cad |
CY2023 | us-gaap |
Statutory Accounting Practices Risk Based Capital Requirements Compliance Assertion
StatutoryAccountingPracticesRiskBasedCapitalRequirementsComplianceAssertion
|
The Company’s objectives when managing capital are to safeguard the Company’s ability to continue as a going concern in order to pursue the development of its mineral properties and to maintain a flexible capital structure which optimizes the costs of capital at an acceptable risk. | |
CY2023 | us-gaap |
Product Liability Contingency Loss Exposure Not Accrued Best Estimate
ProductLiabilityContingencyLossExposureNotAccruedBestEstimate
|
173783 | cad |
CY2023 | ifrs-full |
Disclosure Of Events After Reporting Period Explanatory
DisclosureOfEventsAfterReportingPeriodExplanatory
|
<p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt"><b>16. </b></kbd><b>EVENT AFTER THE REPORTING PERIOD</b> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify">The Company completed a non-brokered private placement in two tranches closing October 19, 2023 and December 28, 2023 by issuing 2,700,000 non-flow-through units (“Unit”) at a price of $0.20 per Unit for gross proceeds of $540,000 and 2,300,000 flow-through shares (“FT Share”) at a price of $0.20 per FT Share for gross proceeds of $460,000. Each Unit consists of one common share and one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share for a 36-month period at a price of $0.30. In connection with the financing, the Company paid $24,640 in cash finder’s fees and issued 123,200 finder’s warrants, each of which is exercisable into one common share at a price of $0.20 for a period of 36 months.</p> |