XML 67 R5.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2024
CAD ($)
Dec. 31, 2023
CAD ($)
OPERATING ACTIVITIES    
Net loss $ (73,285) $ (55,983)
Adjustments for non-cash items:    
Depreciation and amortization 9,093 8,148
Change in fair value - Listed shares 750 (275)
Change in fair value - Embedded derivatives   (6,596)
Change in fair value - Derivative warrant liability (24,900)  
Interest - Convertible notes 2,405 6,863
Lac Guret Property acquisition 18,625  
Loss on convertible notes settlement 7,548  
Unrealized foreign exchange loss (gain) 2,598 (1,142)
Loss on write-off/disposal of property, plant and equipment 1,134 5
Share-based compensation 3,930 3,061
Accretion included within financial costs 1,654 4,326
Net change in working capital (1,505) 2,078
Cash flows used in operating activities (51,953) (39,515)
INVESTING ACTIVITIES    
Additions to property, plant, and equipment, net of grants (14,055) (10,073)
Cash flows used in investing activities (14,055) (10,073)
FINANCING ACTIVITIES    
Proceeds from private placements 139,065  
Proceeds from offering   29,565
Convertible notes issue costs   (659)
Repayment of borrowings (744) (282)
Repayment of lease liabilities (457) (430)
Proceeds from the exercise of stock options 323 576
Share issue costs (2,724) (2,484)
Cash flows from financing activities 135,463 26,286
Effect of exchange rate changes on cash 509 (290)
Net change in cash and cash equivalents 69,964 (23,592)
Cash and cash equivalents at the beginning of the period 36,332 59,924
Cash and cash equivalents at the end of the period $ 106,296 $ 36,332