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CONSOLIDATED STATEMENTS OF CASH FLOWS
12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Cash flows from operating activities      
Loss for the year $ (2,928,742) $ (3,723,784) $ (2,243,560)
Adjustments to reconcile loss to net cash used in operating activities      
Depreciation 151,357 175,075 185,348
Share-based payments 687,816 1,172,152 450,912
Impairment of exploration and evaluation assets 0 452,251 0
Accretion expense on government loan 970 985 623
Fair value gain on government loan 0 0 (5,062)
Gain on derivative instruments 0 0 (31,888)
Interest on lease obligation 2,365 9,320 21,393
Other non-cash adjustments 0 (1,940) 0
Changes in non-cash working capital      
Advances receivable and prepaid expenses (14,983) (108,526) (172,772)
Due to/from related parties (359,192) (476,043) (692,018)
Employee retention allowance (11,841) 792 3,640
Accounts payable (993,788) 772,927 379,196
Accrued liabilities 599,057 (137,971) 33,082
Net cash used in operating activities (2,866,981) (1,864,762) (2,071,106)
Cash flows from investing activities      
Acquisition of additional interest in subsidiary 0 0 (140,000)
Acquisition of property, plant and equipment (2,896) (943,110) 0
Expenditures on exploration and evaluation assets (2,365,943) (7,072,338) (2,796,013)
Net cash used in investing activities (2,368,839) (8,015,448) (2,936,013)
Cash flows from financing activities      
Proceeds from share issuances, net of issuance costs 5,097,804 10,008,154 5,383,914
Loans (repaid) received 307,086 (11,534) 15,316
Principal repayment of lease obligation (141,049) (218,880) (213,183)
Net cash provided from financing activities 5,263,841 9,777,740 5,186,047
Net increase in cash and cash equivalents during the year 28,021 (102,470) 178,928
Cash and cash equivalents, beginning of the year 154,154 256,624 77,696
Cash and cash equivalents, end of the year $ 182,175 $ 154,154 $ 256,624