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Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities    
Net loss $ (20,704,388) $ (27,840,513)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 141,743 195,483
Stock-based compensation expense 2,373,711 2,859,650
Interest expense 0 138,772
Deferred income tax benefit 0 (63,999)
Changes in current assets and liabilities:    
Prepaid expenses and other current assets (419,410) (100,357)
Accounts payable and accrued liabilities 246,561 1,034,513
Other assets 0 (103,100)
Net cash used in operating activities (18,361,783) (23,879,551)
Investing activities    
Purchases of property and equipment (110,891) (143,765)
Purchases of mineral rights and properties (185,353) (430,197)
Net cash used in investing activities (296,244) (573,962)
Financing activities    
Proceeds from sale of common stock on at-the market ("ATM") program, net of issuance costs 7,316,230 7,673,146
Proceeds from common stock offering, net of issuance costs 32,684,881 0
Proceeds from Orion Equity Investment, net of issuance costs 0 5,705,926
Proceeds from exercise of options 96,000 38,400
Proceeds from exercise of warrants 2,960,157 0
Payments of income taxes on performance stock units ("PSUs"), restricted stock units ("RSUs") and shares issued for compensation (785,458) 0
Proceeds from sale of royalty interest 0 182,758
Net cash provided by financing activities 42,271,810 13,600,230
Net change in cash and cash equivalents 23,613,783 (10,853,283)
Cash and cash equivalents, beginning of period 9,408,270 25,548,373
Cash and cash equivalents, end of period 33,022,053 14,695,090
Non-cash investing and financing activities    
Amortization and expiration of deferred ATM offering costs offset against additional paid-in capital (246,671) (155,414)
Common stock issued for accrued bonuses 113,959 0
Common stock issued for purchase of mineral rights and properties $ 0 $ 1,351,747