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Consolidated Statements of Cash Flow
12 Months Ended
Dec. 31, 2021
CAD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
CAD ($)
OPERATING ACTIVITIES      
Net income (loss) for the period $ 18,977,000   $ (16,283,000)
Adjustments and items not affecting cash and cash equivalents:      
Depletion, depreciation, amortization and accretion 7,385,000   7,145,000
Joint venture-equity share of loss (note 8) 464,000   0
Recognition of deferred revenue (note 12)   $ (3,207) (2,762)
Post-employment benefit payments (note 13) (110,000)   (90,000)
Loss (gain) on reclamation obligation revisions (note 14) (585,000)   3,595,000
Reclamation obligation expenditures (note 14) (815,000)   (826,000)
Gain on debt obligation adjustment (note 16) (4,000)   (2,000)
Deferred income tax recovery (note 17) (1,995,000)   (860,000)
Share purchase warrants liability issue costs expensed (note 18) 791,000   0
Gain on property, plant and equipment disposals (note 21) (135,000)   (405,000)
Fair value change losses (gains):      
Investment-equity instruments (notes 7 and 21) (10,454,000)   (5,046,000)
Investments-uranium (notes 7 and 21) (41,440,000)    
Warrants on investment (notes 7 and 21) (1,149,000)   0
Foreign exchange loss (note 21) 1,295,000   529,000
Share-based compensation (note 19) 2,832,000   1,827,000
Change in non-cash operating working capital items (note 21) (199,000) (199,000) (307,000)
Net cash used in operating activities (21,245,000)   (13,485,000)
INVESTING ACTIVITIES      
Sale of investments-equity instruments (note 7) 12,826,000   477,000
Sale of warrants on investment (note 7)   2,774 0
Purchase of investments-equity (note 7)     (7,000)
Purchase of investments-uranium (note 7)   91,674 0
Issuance of Term loan and investment in joint venture (note 8) (40,950,000)   0
Repayment of term loan (note 8) 20,450,000   0
Transaction costs-investment in joint venture (note 8) (1,356,000)    
Additions of property, plant and equipment (note 10) (1,230,000)   (278,000)
Proceeds on disposal of property, plant and equipment 139,000   137,000
Decrease (increase) in restricted cash and investments 17,000   (24,000)
Net cash provided by (used in) investing activities (99,004,000)   305,000
FINANCING ACTIVITIES      
Issuance of debt obligations (note 16)   $ 34 0
Proceeds from unit issues, net of issue costs (note 18) 135,630,000   30,825,000
Proceeds from share issues, net of issue costs (note 18) 18,091,000   0
Proceeds from warrants exercised (note 18) 14,000    
Proceeds from share options exercised (note 18) 6,300,000   148,000
Net cash provided by financing activities 159,817,000   30,506,000
Increase in cash and cash equivalents 39,568,000   17,326,000
Foreign exchange effect on cash and cash equivalents (562,000)   (524,000)
Cash and cash equivalents, beginning of period 24,992,000   8,190,000
Cash and cash equivalents, end of period $ 63,998,000   $ 24,992,000