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Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Sep. 30, 2023
Current assets    
Cash $ 1,513,591 $ 82,736
Trade and other receivables (net of allowance: 2024 - $nil; 2023 - $nil) 44,932 78,441
Prepaid expenses and deposits 146,452 127,239
Total current assets 1,704,975 288,416
Non-current assets    
Reclamation deposits 75,000 145,000
Property and equipment, net of accumulated depletion and depreciation 10,281,248 10,361,419
Right of use asset, net 146,912
Total assets 12,061,223 10,941,747
Current liabilities    
Trade and other payables 3,786,909 3,228,327
Loans payable 160,936 125,936
Convertible debentures 1,365,000
Debt subscription proceeds 2,250,000
Lease liability – current portion 77,069
Total current liabilities 7,562,845 3,431,332
Non-current liabilities    
Asset retirement obligations 392,977 260,167
Lease liability, less current portion 81,456
Total liabilities 7,955,822 3,772,955
Stockholders’ Equity    
Common stock, no par value per share; unlimited shares authorized, 551,503 shares* issued and outstanding as of September 30, 2024 and 2023. 14,947,150 14,947,150
Additional paid-in capital 5,475,316 4,549,431
Accumulated other comprehensive loss (127,413) (127,413)
Accumulated deficit (16,189,652) (12,200,376)
Total stockholders’ equity 4,105,401 7,168,792
Total liabilities and stockholders’ equity $ 12,061,223 $ 10,941,747