XML 56 R33.htm IDEA: XBRL DOCUMENT v3.26.1
Income taxes (Tables)
12 Months Ended
Dec. 31, 2025
Disclosure Of Income Tax [Abstract]  
Summary of Reconciliation of Provision for Income Taxes Computed at Combined Canadian Federal and Provincial Statutory Rate to Provision for Income Taxes A reconciliation of the provision for income taxes computed at the combined Canadian federal and provincial statutory rate to the provision for income taxes as shown in the statements of comprehensive loss is as follows:

 

 

For the year ended

 

 

December 31, 2025

 

December 31, 2024

 

December 31, 2023

 

 

($)

 

($)

 

($)

Net loss before income taxes

 

(4,335)

 

(9,385)

 

(32,889)

Canadian federal and provincial income tax rates

 

27%

 

27%

 

27%

Income tax recovery based on Canadian federal and provincial income tax rates

 

(1,170)

 

(2,534)

 

(8,880)

 

 

 

 

 

 

Reconciling items:

 

 

 

 

 

 

Difference in foreign tax rates

 

(67)

 

1,865

 

792

Change in deferred tax assets not recognized

 

338

 

(6,331)

 

1,319

Share-based compensation

 

744

 

631

 

758

Non-taxable dividends

 

 

 

(2)

Fair value change in warrant liability

 

 

 

(36)

Tax rate difference on fair value change in short-term investments

 

(24)

 

1

 

(2)

Permanent difference and others

 

(26)

 

394

 

(82)

 

(205)

 

(5,974)

 

(6,133)

Components of Deferred Income Tax Assets and Liabilities

The significant components of deferred income tax assets and liabilities were as follows:

 

 

As at

 

 

December 31, 2025

 

December 31, 2024

 

 

($)

 

($)

Deferred tax assets and (liabilities):

 

 

 

 

Non-capital losses

 

7,909

 

8,187

Financing fees

 

3,478

 

2,175

Other deferred tax assets

 

632

 

928

Restricted interest and financing expenses

 

3,493

 

1,138

 

 

 

 

Royalties, streaming and other mineral interests

 

(134,018)

 

(132,009)

Convertible debentures

 

 

(4,242)

Other deferred tax liabilities

 

(336)

 

(222)

 

(118,842)

 

(124,045)

 

Summary of Deductible Temporary Differences for Which No Deferred Tax Assets Recognized

At December 31, 2025, and 2024, deductible temporary differences for which no deferred tax assets are recognized are below:

 

 

As at

 

 

December 31, 2025

 

December 31, 2024

 

 

($)

 

($)

Deducted temporary differences not recognized:

 

 

 

 

Non-capital losses

 

1,306

 

936

Capital losses

 

1,296

 

937

Short-term investments

 

(136)

 

333

Other deferred tax assets

 

100

 

471

 

 

2,566

 

2,677