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INCOME TAXES (Tables)
12 Months Ended
May 31, 2016
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
A reconciliation of income taxes at statutory rates with the reported taxes is as follows for the years ended May 31:
 
 
 
2016
 
 
2015
 
 
 
 
 
 
 
 
 
 
Loss before income taxes
 
$
(7,434,215)
 
 
$
(10,577,487)
 
Statutory Canadian corporate tax rate
 
 
26.00
%
 
 
26.00
%
 
 
 
 
 
 
 
 
 
Income tax recovery at statutory rates
 
$
(1,932,896)
 
 
$
(2,750,147)
 
Stock-based compensation
 
 
214,739
 
 
 
386,281
 
Effect of tax rate change
 
 
-
 
 
 
775,666
 
Difference in tax rates in other jurisdictions
 
 
(422,602)
 
 
 
(647,273)
 
Tax benefits not realized
 
 
2,140,759
 
 
 
2,235,473
 
 
 
 
 
 
 
 
 
 
Income tax recovery
 
$
-
 
 
$
-
 
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
The significant components of the Company’s deferred income tax assets and liabilities are as follows:
 
 
 
2016
 
2015
 
 
 
 
 
 
 
 
 
Deferred income tax assets (liabilities)
 
 
 
 
 
 
 
Mineral properties
 
$
15,907,000
 
$
13,942,000
 
Property and equipment
 
 
30,000
 
 
19,000
 
Share issuance costs
 
 
45,000
 
 
56,000
 
Non-capital losses available for future periods
 
 
6,451,000
 
 
5,316,000
 
 
 
 
 
 
 
 
 
 
 
 
22,433,000
 
 
19,333,000
 
Valuation allowance
 
 
(22,433,000)
 
 
(19,333,000)
 
 
 
 
 
 
 
 
 
Net deferred tax assets
 
$
-
 
$
-
 
Summary of Tax Credit Carryforwards [Table Text Block]
 
 
Canada
 
United States
 
 
 
 
 
 
 
 
 
2029
 
$
-
 
$
1,253,000
 
2030
 
 
-
 
 
2,000
 
2031
 
 
379,000
 
 
186,000
 
2032
 
 
1,089,000
 
 
1,595,000
 
2033
 
 
1,443,000
 
 
2,106,000
 
2034
 
 
1,733,000
 
 
4,102,000
 
2035
 
 
1,806,000
 
 
1,906,000
 
2036
 
 
1,354,000
 
 
1,854,000
 
 
 
 
 
 
 
 
 
 
 
$
7,804,000
 
$
13,004,000