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Consolidated Balance Sheets
May 31, 2019
CAD ($)
May 31, 2018
CAD ($)
Current assets    
Cash and cash equivalents $ 4,145,085 $ 2,610,541
Accounts receivable 49,658 25,438
Prepaid expenses 354,971 256,772
Total current assets 4,549,714 2,892,751
Property and equipment (note 4) 45,016 56,490
Capitalized acquisition costs (note 5) 5,619,005 5,238,789
Total assets 10,213,735 8,188,030
Current liabilities    
Accounts payable and accrued liabilities (note 7) 345,632 330,704
Total current liabilities 345,632 330,704
Asset retirement obligations (note 5) 419,286 366,641
Total liabilities 764,918 697,345
Shareholders’ equity    
Share capital (note 6) 97,726,772 83,606,486
Contributed surplus (note 6) 11,467,753 13,030,715
Accumulated other comprehensive income - cumulative translation differences 1,382,223 1,123,410
Deficit accumulated during the exploration stage (101,127,931) (90,269,926)
Total shareholders’ equity 9,448,817 7,490,685
Total liabilities and shareholders’ equity $ 10,213,735 $ 8,188,030