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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operations    
Net loss $ (32,933,645) $ (20,249,424)
Adjustments to reconcile net loss to cash flow from operating activities:    
Depreciation - Property, plant and equipment 467,703 302,470
Depreciation - Right-of-use assets 460,254 305,389
Lease interest expenses 76,345 68,785
Financing interest expenses 0 21,847
Reclamation accretion expenses 787,859 704,349
Reclamation expenditures (1,585,396) (1,480,166)
Unrealized foreign exchange loss 483,490 411,908
Share-based payment 1,863,085 1,693,886
Net change in non-cash working capital items:    
Receivables, prepaid expenses and other assets (63,008) (111,235)
Loan receivable (35,000) (132,877)
Lease liabilities (80,701) (72,268)
Financing liabilities 0 47,481
Trade and other payables (6,288) 1,412,600
Due to related parties 51,803 228,916
Cash flow used in operating activities (30,513,499) (16,848,339)
Investing    
Additions to property, plant and equipment (1,187,311) (314,009)
Long-term investments 74 1,392,510
Loan receivable - principal portion 7,562 0
Property acquisition costs (112,950) (165,250)
Cash flow provided by (used in) investing activities (1,292,625) 913,251
Financing    
Issuance of common shares - ATM & financing 18,976,371 23,069,000
Issuance of common shares - Options & RSUs 303,685 0
Share issue costs (1,581,119) (1,850,464)
Lease principal payments (460,671) (270,122)
Financing principal payments (156,206) (69,328)
Cash flow provided by financing activities 17,082,060 20,879,086
Increase (Decrease) in cash and cash equivalents (14,724,064) 4,943,998
Cash and cash equivalents at beginning of year 29,061,142 24,117,144
Cash and cash equivalents at end of year $ 14,337,078 $ 29,061,142