/s/ Leigh Curyer |
/s/ Harpreet Dhaliwal | |
Leigh Curyer |
Harpreet Dhaliwal | |
President and Chief Executive Officer |
Chief Financial Officer | |
Vancouver, Canada |
||
February 24, 2023 |
KPMG LLP Chartered Professional Accountants PO Box 10426 777 Dunsmuir Street Vancouver BC V7Y 1K3 Canada |
Telephone (604) 691-3000 Fax (604) 691-3031 Internet www.kpmg.ca |
` |
KPMG LLP Chartered Professional Accountants PO Box 10426 777 Dunsmuir Street Vancouver BC V7Y 1K3 Canada |
Telephone (604) 691-3000 Fax (604) 691-3031 Internet www.kpmg.ca |
As at December 31, 2022 |
As at December 31, 2021 | |||||||
Assets |
||||||||
Current assets |
||||||||
Cash |
$ |
$ | ||||||
Marketable securities (Note 5) |
||||||||
Amounts receivable |
||||||||
Prepaid expenses and other assets |
||||||||
Non-current assets |
||||||||
Exploration and evaluation assets (Note 6) |
||||||||
Property and equipment (Note 7) |
||||||||
Deposits |
||||||||
Total assets |
$ |
$ | ||||||
Liabilities |
||||||||
Current liabilities |
||||||||
Accounts payable and accrued liabilities |
$ |
$ | ||||||
Lease liabilities (Note 10) |
||||||||
Flow-through share premium liability (Note 8) |
||||||||
Non-current liabilities |
||||||||
Convertible debentures (Note 9) |
||||||||
Long-term lease liabilities (Note 10) |
||||||||
Deferred income tax liabilities (Note 17) |
||||||||
Total liabilities |
$ |
$ | ||||||
Equity |
||||||||
Share capital (Note 11) |
$ |
$ | ||||||
Reserves (Note 11) |
||||||||
Accumulated other comprehensive income |
||||||||
Accumulated deficit |
( |
( |
||||||
Equity attributable to NexGen Energy Ltd. shareholders |
||||||||
Non-controlling interests (Note 16) |
||||||||
Total equity |
||||||||
Total liabilities and equity |
$ |
$ |
The accompanying notes are an integral part of these consolidated financial statements. |
December 31, |
||||||||
2022 |
2021 | |||||||
Expenses |
||||||||
Salaries, benefits and directors’ fees |
$ |
$ | |
|||||
Office, administrative, and travel |
||||||||
Professional fees and insurance |
||||||||
Depreciation (Note 7) |
||||||||
Share-based payments (Note 11) |
||||||||
Finance income |
( |
( |
||||||
Mark-to-market |
||||||||
Interest expense on convertible debentures (Note 9) |
||||||||
Interest on lease liabilities (Note 10) |
||||||||
Loss (gain) on sale of assets (Note 5, 6) |
( |
|||||||
Foreign exchange (gain) loss |
( |
|||||||
Other income |
( |
|||||||
Loss before taxes |
||||||||
Deferred income tax (recovery) expense (Note 17) |
( |
|||||||
Net loss |
||||||||
Items that may not be reclassified subsequently to profit or loss: |
||||||||
Change in fair value of convertible debentures attributable to the change in credit risk (Note 9) |
( |
|||||||
Change in fair value of marketable securities (Note 5) |
( |
|||||||
Deferred income tax expense (recovery) (Note 17) |
( |
|||||||
Net comprehensive loss |
$ |
$ | ||||||
Net loss attributable to: |
||||||||
Shareholders of NexGen Energy Ltd. |
$ |
$ | ||||||
Non-controlling interests |
||||||||
$ |
$ | |||||||
Net comprehensive loss attributable to: |
||||||||
Shareholders of NexGen Energy Ltd. |
$ |
$ | ||||||
Non-controlling interests |
||||||||
$ |
$ | |||||||
Loss per share attributable to NexGen Energy Ltd. shareholders |
||||||||
Basic and diluted loss per share |
$ |
$ | ||||||
Weighted average common shares outstanding |
||||||||
Basic and diluted |
The accompanying notes are an integral part of these consolidated financial statements. |
December 31, |
||||||||
2022 |
2021 | |||||||
Net loss for the year: |
$ |
( |
$ | ( |
||||
Adjust for: |
||||||||
Depreciation (Note 7) |
||||||||
Share-based payments (Note 11) |
||||||||
Mark-to-market |
||||||||
Interest expense on convertible debentures (Note 9) |
||||||||
Interest on lease liabilities (Note 10) |
||||||||
Deferred income tax (recovery) expense (Note 17) |
( |
|||||||
Unrealized foreign exchange (gain) loss |
( |
|||||||
Loss (gain) on sale of assets (Note 6, 5) |
( |
|||||||
Other non-cash items |
( |
|||||||
Operating cash flows before working capital |
( |
( |
||||||
Changes in working capital items: |
||||||||
Amounts receivable |
( |
( |
||||||
Prepaid expenses and other |
( |
( |
||||||
Accounts payable and accrued liabilities |
||||||||
Cash used in operating activities |
$ |
( |
$ | ( |
||||
Expenditures on exploration and evaluation assets (Note 6) |
( |
( |
||||||
Proceeds on sale of assets |
||||||||
Acquisition of equipment, net of disposals |
( |
( |
||||||
Deposits |
||||||||
Cash used in investing activities |
$ |
( |
$ | ( |
||||
Proceeds from bought-deal financing, net of share issuance costs (Note 11) |
||||||||
Proceeds from common share issuance on ASX, net of share issuance costs (Note 11) |
||||||||
Shares issued from IsoEnergy Ltd. for cash from private placements, net of share issuance costs |
||||||||
Issuance of convertible debentures from IsoEnergy Ltd., net of issue costs (Note 9) |
||||||||
Proceeds from exercise of options and warrants (Note 11) |
||||||||
Payment of lease liabilities (Note 10) |
( |
( |
||||||
Interest paid on convertible debentures (Note 9) |
( |
( |
||||||
Cash provided by financing activities |
$ |
$ | ||||||
Foreign exchange gain (loss) on cash |
( |
|||||||
(Decrease) increase in cash |
$ |
( |
$ | |||||
Cash, beginning of year |
||||||||
(Decrease) increase in cash |
( |
|||||||
Cash, end of year |
$ |
$ |
The accompanying notes are an integral part of these consolidated financial statements. |
4 |
Share Capital |
||||||||||||||||||||||||||||||||
Common Shares |
||||||||||||||||||||||||||||||||
Number |
Amount |
Reserves |
Accumulated Other Comprehensive Income (Loss) |
Accumulated Deficit |
Attributable to shareholder’s of NexGen Energy Ltd. |
Non- controlling interests |
Total |
|||||||||||||||||||||||||
Balance at December 31, 2020 |
$ |
$ |
$ |
( |
$ |
( |
$ |
$ |
$ |
|||||||||||||||||||||||
Share-based payments (Note 11) |
- |
- |
- |
- |
||||||||||||||||||||||||||||
Shares issued on exercise of stock options (Note 11) |
( |
- |
- |
- |
||||||||||||||||||||||||||||
Shares issued on converted debentures (Note 9) |
- |
- |
- |
- |
||||||||||||||||||||||||||||
Shares issued for convertible debentures |
- |
- |
- |
- |
||||||||||||||||||||||||||||
Shares issued on bought-deal financing, net of share issue costs (Note 11) |
- |
- |
- |
- |
||||||||||||||||||||||||||||
Shares issued on ASX, net of share issue costs (Note 11) |
- |
- |
- |
- |
||||||||||||||||||||||||||||
Shares issued for the Rook 1 property development (Note 11) |
( |
- |
- |
- |
||||||||||||||||||||||||||||
Ownership changes relating to non-controlling interests |
- |
- |
- |
- |
||||||||||||||||||||||||||||
Net loss for the year |
- |
- |
- |
- |
( |
( |
( |
( |
||||||||||||||||||||||||
Reclass accumulated other comprehensive income related to converted debentures (Note 9) |
- |
- |
- |
( |
- |
- |
- |
|||||||||||||||||||||||||
Other comprehensive income |
- |
- |
- |
- |
||||||||||||||||||||||||||||
Balance at December 31, 2021 |
$ |
$ |
$ |
$ |
( |
$ |
$ |
$ |
||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
Balance at December 31, 2021 |
$ |
$ |
$ |
$ |
( |
$ |
$ |
$ |
||||||||||||||||||||||||
Share-based payments (Note 11) |
- |
- |
- |
- |
||||||||||||||||||||||||||||
Shares issued on exercise of stock options (Note 11) |
( |
- |
- |
- |
||||||||||||||||||||||||||||
Shares issued for convertible debenture interest payments (Note 9) |
- |
- |
- |
- |
||||||||||||||||||||||||||||
Ownership changes relating to non-controlling interests |
- |
- |
- |
- |
( |
( |
||||||||||||||||||||||||||
Net loss for the year |
- |
- |
- |
- |
( |
( |
( |
( |
||||||||||||||||||||||||
Other comprehensive loss |
- |
- |
- |
( |
- |
( |
( |
( |
||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
Balance at December 31, 2022 |
$ |
$ |
$ |
$ |
( |
$ |
$ |
$ |
The accompanying notes are an integral part of these consolidated financial statements. |
5 |
1. |
REPORTING ENTITY |
2. |
NATURE OF OPERATIONS |
3. |
BASIS OF PREPARATION |
(i) |
Impairment |
(ii) |
Share-based payments |
(iii) |
Convertible debentures |
(i) |
Deferred tax assets |
(ii) |
Exploration and evaluation assets |
4. |
SIGNIFICANT ACCOUNTING POLICIES |
(a) |
Functional and presentation currency |
(b) |
Consolidation |
Name of Subsidiary |
Percentage Ownership as at December 31, 2022 |
Percentage Ownership as at December 31, 2021 | ||
NXE Energy Royalty Ltd. |
||||
NXE Energy SW1 Ltd. |
||||
NXE Energy SW3 Ltd. |
||||
IsoEnergy Ltd. |
(c) |
Cash |
(d) |
Exploration and evaluation assets |
(e) |
Equipment |
(i) |
Recognition and measurement |
(ii) |
Subsequent costs |
(iii) |
Depreciation |
- |
Computing equipment |
|||||
- |
Software |
|||||
- |
Field equipment |
|||||
- |
Leasehold improvements |
|||||
- |
Road |
|||||
- |
Lease right-of-use |
|||||
- |
Vehicles |
(iv) |
Disposal |
(f) |
Leases |
● |
The contract involves the use of an identified asset. This may be specific, explicitly or implicitly, and should be physically distinct or represent substantially all of the capacity of a physically distinct asset. If the supplier has a substantive substitution right, then the asset is not identified; |
● |
The Company has the right to obtain substantially all of the economic benefit from use of the asset throughout the period of use; and |
● |
The Company has the right to direct the use of the asset. The Company has this right when it has the decision-making rights that are most relevant to changing how and for what purpose the asset is used. |
(g) |
Impairment |
(h) |
Decommissioning and restoration provisions |
(i) |
Share capital |
(j) |
Share-based payments |
(k) |
Flow-through shares |
(l) |
Loss per share |
(m) |
Income taxes |
(n) |
Financial instruments |
(i) |
Classification |
Financial assets/liabilities |
Classification |
|||
Cash |
|
|||
Amounts receivable |
|
|||
Marketable securities |
|
|||
Accounts payable and accrued liabilities |
|
|||
Convertible debentures |
|
(ii) |
Measurement |
(iii) |
Impairment of financial assets at amortized cost |
(iv) |
Derecognition |
(o) |
Future accounting pronouncements |
5. |
MARKETABLE SECURITIES |
Disposition of Properties |
||||
Marketable securities received |
$ | |||
Cash |
||||
Proceeds – disposition of properties |
||||
Cost – disposition of properties |
( |
|||
Gain on sale of assets |
$ |
● |
If the uranium spot price reaches US$50 per pound, IsoEnergy will receive an additional $ |
● |
If the uranium spot price reaches US$75 per pound, IsoEnergy will receive an additional $ |
● |
If the uranium spot price reaches US$100 per pound, IsoEnergy will receive an additional $ |
Disposition of Properties |
||||
Marketable securities received |
$ | |
||
Cash |
||||
Proceeds – disposition of properties |
||||
Cost – disposition of properties |
( |
|||
Gain on sale of assets |
$ |
6. |
EXPLORATION AND EVALUATION ASSETS |
(a) |
Rook I Project |
(b) |
Other Athabasca Basin Properties |
(c) |
IsoEnergy Properties |
Rook I |
Other Athabasca Basin Properties |
IsoEnergy Properties |
Total |
||||||||||||||||
Acquisition cost |
|||||||||||||||||||
Balance at December 31, 2021 |
$ |
$ |
|||||||||||||||||
Additions |
|||||||||||||||||||
Dispositions |
( |
( |
|||||||||||||||||
Balance as at December 31, 2022 |
$ |
$ |
|||||||||||||||||
Deferred exploration costs |
|||||||||||||||||||
Balance at December 31, 2021 |
$ |
$ |
|||||||||||||||||
Additions: |
|||||||||||||||||||
General exploration and drilling |
|||||||||||||||||||
Environmental, permitting, and engagement |
|||||||||||||||||||
Technical, engineering and design |
|||||||||||||||||||
Geochemistry and assays |
|||||||||||||||||||
Geological and geophysical |
|||||||||||||||||||
Labour and wages |
|||||||||||||||||||
Share-based payments (Note 11) |
|||||||||||||||||||
Travel |
|||||||||||||||||||
Total Additions |
|||||||||||||||||||
Balance as at December 31, 2022 |
$ |
$ |
|||||||||||||||||
Total costs, December 31, 2022 |
$ |
$ |
|||||||||||||||||
Rook I |
Other Athabasca Basin Properties |
IsoEnergy Properties |
Total |
||||||||||||||||
Acquisition cost |
|||||||||||||||||||
Balance at December 31, 2020 |
$ | $ | |||||||||||||||||
Additions |
|||||||||||||||||||
Dispositions |
( |
( |
|||||||||||||||||
Balance as at December 31, 2021 |
$ |
$ |
|||||||||||||||||
Deferred exploration costs |
|||||||||||||||||||
Balance at December 31, 2020 |
|||||||||||||||||||
Additions: |
|||||||||||||||||||
General exploration and drilling |
|||||||||||||||||||
Environmental, permitting, and engagement |
|||||||||||||||||||
Technical, engineering and design |
|||||||||||||||||||
Geochemistry and assays |
|||||||||||||||||||
Geological and geophysical |
|||||||||||||||||||
Labour and wages |
|||||||||||||||||||
Share-based payments (Note 11) |
|||||||||||||||||||
Travel |
|||||||||||||||||||
Total Additions |
|||||||||||||||||||
Balance as at December 31, 2021 |
$ |
$ |
|||||||||||||||||
Total costs, December 31, 2021 |
$ |
$ |
7. |
PROPERTY AND EQUIPMENT |
Computer Equipment |
Software |
Field equipment and Vehicles |
Office, Furniture and Leasehold Improvements |
Road |
Total |
|||||||||||||||||||||||||||||
Cost |
||||||||||||||||||||||||||||||||||
At December 31, 2020 |
$ | $ | $ | $ | $ | |||||||||||||||||||||||||||||
Reclassification |
- | - | ( |
- | - | |||||||||||||||||||||||||||||
Additions |
- | |||||||||||||||||||||||||||||||||
Disposals |
- | - | ( |
- | ( |
|||||||||||||||||||||||||||||
At December 31, 2021 |
$ | $ | $ | $ | $ | |||||||||||||||||||||||||||||
Additions |
- | |||||||||||||||||||||||||||||||||
Balance as at December 31, 2022 |
$ |
$ |
$ |
$ |
$ |
|||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||
Accumulated Depreciation |
||||||||||||||||||||||||||||||||||
At December 31, 2020 |
$ | $ | $ | $ | $ | |||||||||||||||||||||||||||||
Reclassification |
- | - | ( |
- | - | |||||||||||||||||||||||||||||
Depreciation |
||||||||||||||||||||||||||||||||||
Disposals |
- | - | - | ( |
- | ( |
||||||||||||||||||||||||||||
At December 31, 2021 |
$ | $ | $ | $ | $ | |||||||||||||||||||||||||||||
Depreciation |
||||||||||||||||||||||||||||||||||
Balance as at December 31, 2022 |
$ |
$ |
$ |
$ |
$ |
|||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||
Net book value at December 31, 2021 |
$ |
$ |
$ |
$ |
$ |
|||||||||||||||||||||||||||||
Net book value at December 31, 2022 |
$ |
$ |
$ |
$ |
$ |
8. |
FLOW-THROUGH SHARE PREMIUM LIABILITY |
2022 |
2021 |
|||||||
Balance, beginning of year |
$ |
$ |
||||||
Liability incurred on flow-through shares issued |
||||||||
Settlement of flow-though share liability on expenditures |
( |
|||||||
Balance, end of year |
$ |
$ |
|
9. |
CONVERTIBLE DEBENTURES |
2016 Debentures |
2017 Debentures |
2020 Debentures |
IsoEnergy 2020 Debentures |
IsoEnergy 2022 Debentures |
Total |
|||||||||||||||||||
Fair value at December 31, 2020 |
$ |
$ |
$ |
$ |
$ |
- |
$ |
|||||||||||||||||
Fair value adjustment |
- | |||||||||||||||||||||||
Settlement with shares |
( |
( |
- | - | - | ( |
||||||||||||||||||
Fair value at December 31, 2021 |
$ |
- |
$ |
- |
$ |
$ |
$ |
- |
$ |
|||||||||||||||
Fair value on issuance |
- | - | - | - | ||||||||||||||||||||
Fair value adjustment |
- | - | ( |
( |
||||||||||||||||||||
Fair Value at December 31, 2022 |
$ |
- |
$ |
- |
$ |
$ |
$ |
$ |
December 31, 2022 |
December 31, 2021 | |||||||
Volatility |
||||||||
Expected life in years |
||||||||
Risk free interest rate |
||||||||
Expected dividend yield |
||||||||
Credit spread |
||||||||
Underlying share price of the Company |
$ |
$ |
||||||
Conversion exercise price |
$ |
$ |
||||||
Exchange rate (C$:US$) |
$ |
$ |
December 31, 2022 |
December 31, 2021 | |||||||
Volatility |
||||||||
Expected life in years |
||||||||
Risk free interest rate |
||||||||
Expected dividend yield |
||||||||
Credit spread |
||||||||
Underlying share price of IsoEnergy |
$ |
$ |
||||||
Conversion exercise price |
$ |
$ |
||||||
Exchange rate (C$:US$) |
$ |
$ |
December 31, 2022 |
December 6, 2022 | |||||||
Volatility |
||||||||
Expected life in years |
||||||||
Risk free interest rate |
||||||||
Expected dividend yield |
||||||||
Credit spread |
||||||||
Underlying share price of IsoEnergy |
$ |
$ |
||||||
Conversion exercise price |
$ |
$ |
||||||
Exchange rate (C$:US$) |
$ |
$ |
10. |
LEASES |
(a) |
Right-of-use |
December 31, 2022 |
December 31, 2021 | |||||||
Right-of-use |
$ |
$ |
||||||
Additions |
||||||||
Disposals |
( |
|||||||
Depreciation |
( |
( |
||||||
Balance, end of period |
$ |
$ |
(b) |
Lease liabilities |
December 31, 2022 |
December 31, 2021 | |||||||
Lease liabilities, beginning of period |
$ |
$ |
||||||
Terminations |
( |
|||||||
Interest expense on lease liabilities |
||||||||
Payment of lease liabilities |
( |
( |
||||||
Balance, end of period |
$ |
$ |
||||||
Current portion |
||||||||
Non-current portion |
||||||||
Balance, end of period |
$ |
$ |
(c) |
Amounts relating to short-term and variable leases |
Year ended December 31, |
||||||||
2022 |
2021 | |||||||
Expense relating to short-term leases |
$ |
$ |
||||||
Expense relating to variable lease payments |
$ |
$ |
11. |
SHARE CAPITAL |
(a) |
Authorized capital |
(b) |
Share options |
Options outstanding |
Weighted average exercise price (C$) | |||||||
At December 31, 2020 |
$ |
|||||||
Granted |
||||||||
Exercised |
( |
|||||||
Expired |
( |
|||||||
Forfeited |
( |
|||||||
At December 31, 2021 |
$ |
|||||||
Granted |
||||||||
Exercised |
( |
|||||||
Expired |
( |
|||||||
Forfeited |
( |
|||||||
At December 31, 2022 – Outstanding |
$ |
|||||||
At December 31, 2022 – Exercisable |
$ |
Number of share options outstanding |
Number of share options exercisable |
Exercise prices (C$) |
Remaining contractual life (years) |
Expiry date | ||||||||||
- | ||||||||||||||
- | ||||||||||||||
For the year ended | ||||||||
December 31, 2022 |
December 31, 2021 | |||||||
Expected stock price volatility |
||||||||
Expected life of options |
||||||||
Risk free interest rate |
||||||||
Expected forfeitures |
||||||||
Expected dividend yield |
||||||||
Weighted average fair value per option granted in period |
$ |
$ |
||||||
Weighted average exercise price |
$ |
$ |
12. |
SUPPLEMENTAL CASH FLOW INFORMATION |
a) |
Schedule of non-cash investing and financing activities: |
Year ended December 31 |
||||||||
2022 |
2021 | |||||||
Capitalized share-based payments |
$ |
|
||||||
Exploration and evaluation asset expenditures included in accounts payable and accrued liabilities |
||||||||
Interest expense included in accounts payable and accrued liabilities |
||||||||
Share consideration on sale of properties (Note 5) |
- |
|||||||
13. |
RELATED PARTY TRANSACTIONS |
For the year ended December 31 |
||||||||
2022 |
2021 | |||||||
Short-term compensation (1) |
$ |
$ |
||||||
Share-based payments (2) |
||||||||
Consulting fees (3) (4) |
||||||||
$ |
$ |
14. |
CAPITAL MANAGEMENT |
December 31, 2022 |
December 31, 2021 | |||||||
Equity |
$ |
$ |
||||||
Convertible debentures (Note 9) |
||||||||
Less: Cash |
( |
( |
||||||
$ |
$ |
15. |
FINANCIAL INSTRUMENTS AND RISK MANAGEMENT |
● |
Level 1 – unadjusted quoted prices in active markets for identical assets or liabilities |
● |
Level 2 – inputs other than quoted prices that are observable for the asset or liability either directly or indirectly; and |
● |
Level 3 – inputs that are not based on observable market data. |
December 31, 2022 |
December 31, 2021 |
|||||||
Cash |
$ |
$ |
||||||
Amounts receivable |
||||||||
$ |
$ |
Less than 1 year |
1 to 3 years |
4 to 5 years |
Over 5 years |
Total | ||||||||||||||||
Trade and other payables |
$ |
$ |
$ |
$ |
$ |
|||||||||||||||
Convertible debentures (Note 9) |
||||||||||||||||||||
Lease liabilities (Note 10) |
||||||||||||||||||||
$ |
$ |
$ |
$ |
$ |
16. |
NON-CONTROLLING INTERESTS |
2022 |
2021 | |||||||
Cash |
$ |
$ | ||||||
Other current assets |
||||||||
Marketable securities |
||||||||
Non-current assets |
||||||||
Total assets |
$ |
$ | ||||||
Current liabilities |
||||||||
Non-current liabilities |
||||||||
Total liabilities |
$ |
$ | |
|||||
Loss from operations |
$ |
$ | ||||||
Loss and comprehensive loss |
$ |
$ | ||||||
Net cash flow from operating activities |
( |
( |
||||||
Net cash flow from investing activities |
( |
( |
||||||
Net cash flow from financing activities |
||||||||
Net increase (decrease) in cash |
$ |
$ | ( |
17. |
INCOME TAXES |
2022 |
2021 | |||||||
Net loss for the year |
$ |
( |
$ | ( |
||||
Statutory rate |
||||||||
Expected income tax recovery |
$ |
( |
$ | ( |
||||
Permanent differences |
||||||||
Impact of flow-through shares |
||||||||
Impact of (gain) loss recognized in other comprehensive income |
( |
|||||||
Impact of loss on convertible debt |
||||||||
Change in unrecognized deductible temporary differences |
||||||||
Other |
( |
|||||||
Deferred income tax expense (recovery) |
$ |
( |
$ |
2022 |
2021 | |||||||
Deferred income tax expense (recovery) |
$ |
( |
$ | |||||
Total |
$ |
( |
$ | |
2022 |
2021 | |||||||
Change in fair value of convertible debentures attributable to the change in credit risk |
$ |
$ | ( |
|||||
Change in fair value of marketable securities |
( |
|||||||
Total |
$ |
$ | |
2022 |
2021 | |||||||
Exploration and evaluation assets |
$ |
$ | ||||||
Convertible debentures |
||||||||
Non-capital losses |
( |
( |
||||||
Share issuance costs |
( |
( |
||||||
Equipment |
( |
( |
||||||
Marketable securities |
||||||||
Net deferred tax liabilities |
$ |
$ | |
2022 |
2021 | |||||||
Opening balance |
$ |
$ | ||||||
Recognized in income tax expense |
( |
|||||||
Recognized in OCI/equity |
( |
|||||||
Net deferred tax liabilities |
$ |
$ |
Temporary Differences |
2022 |
Expiry Date Range |
2021 |
Expiry Date Range | ||||||||
Non-capital losses available for future periods |
$ |
$ | |
|||||||||
Share issuance costs |
- |
- | ||||||||||
Equipment |
- |
- | ||||||||||
Donations |
18. |
SEGMENTED INFORMATION |
19. |
SUBSEQUENT EVENTS |