PROPERTY, PLANT AND EQUIPMENT

6 Months Ended

12 Months Ended

Apr. 30, 2022

Oct. 31, 2021

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

4. PROPERTY, PLANT AND EQUIPMENT

	Computer Equipment			Furniture			Leasehold Improvement			Furnace & Plant Equipment			Vehicle			Total
	$			$			$			$			$			$
Cost
Balance, October 31, 2020		32,318			38,916			7,610			28,413			–			107,257
Additions		77,955			11,510			129,257			2,278,205			–			2,496,927
Write-off of equipment		(4,245	)		–			–			–			–			(4,245	)
Foreign exchange effect		3,601			3,116			2,614			38,108			–			47,439
Balance, October 31, 2021		109,629			53,542			139,481			2,344,726			–			2,647,378
Additions		7,008			2,171			107,014			1,456,591			29,215			1,601,999
Foreign exchange effect		–			(288	)		(5,306	)		(70,509	)		(302	)		(76,405	)
Balance, April 30, 2022		116,637			55,425			241,189			3,730,808			28,913			4,172,972
Accumulated Depreciation
Balance, October 31, 2020		14,677			8,326			4,818			–			–			27,821
Depreciation expense		13,907			7,443			8,827			13,971			–			44,148
Write-off of equipment		(2,057	)		–			–			–			–			(2,057	)
Foreign exchange effect		1,294			745			502			221			–			2,762
Balance, October 31, 2021		27,821			16,514			14,147			14,192			–			72,674
Depreciation expense		18,236			3,833			15,217			83,755			2,920			123,961
Foreign exchange effect		–			(48	)		(404	)		(801	)		(29	)		(1,282	)
Balance, April 30, 2022		46,057			20,299			28,960			97,146			2,891			195,353
Net Book Value
Balance, October 31, 2020		17,641			30,590			2,792			28,413			–			79,436
Balance, October 31, 2021		81,808			37,028			125,334			2,330,534			–			2,574,704
Balance, April 30, 2022		70,580			35,126			212,229			3,633,662			26,022			3,977,619

5. PROPERTY, PLANT AND EQUIPMENT

	Computer Equipment			Furniture			Leasehold Improvement			Furnace & Plant Equipment			Total
	$			$			$			$			$
Cost
Balance, October 31, 2019		22,632			33,584			5,850			27,897			89,963
Additions		9,852			5,672			1,810			838			18,172
Foreign exchange effect		(166	)		(340	)		(50	)		(322	)		(878	)
Balance, October 31, 2020		32,318			38,916			7,610			28,413			107,257
Additions		77,955			11,510			129,257			2,278,205			2,496,927
Write-off of equipment		(4,245	)		–			–			–			(4,245	)
Foreign exchange effect		3,601			3,116			2,614			38,108			47,439
Balance, October 31, 2021		109,629			53,542			139,481			2,344,726			2,647,378
Accumulated Depreciation
Balance, October 31, 2019		3,184			1,679			1,950			–			6,813
Depreciation expense		11,412			6,598			2,861			–			20,871
Foreign exchange effect		81			49			7			–			137
Balance, October 31, 2020		14,677			8,326			4,818			–			27,821
Depreciation expense		13,907			7,443			8,827			13,971			44,148
Write-off of equipment		(2,057	)		–			–			–			(2,057	)
Foreign exchange effect		1,294			745			502			221			2,762
Balance, October 31, 2021		27,821			16,514			14,147			14,192			72,674
Net Book Value
Balance, October 31, 2020		17,641			30,590			2,792			28,413			79,436
Balance, October 31, 2021		81,808			37,028			125,334			2,330,534			2,574,704

WESTERN MAGNESIUM CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS For the Years Ended October 31, 2021 and 2020
Expressed in US Dollars, except where otherwise indicated