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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2022
SUBSEQUENT EVENTS.  
SUBSEQUENT EVENTS

NOTE 19 SUBSEQUENT EVENTS

Prepayment Agreement

On July 27, 2022 the company entered into an agreement with Auramet International LLC (“Auramet”) whereby Auramet would prepay for future production up to the lesser of $10 million, or 5,000 oz of gold.  Repayment of principal and accrued interest will be made in gold bullion. The interest rate is the Secured Overnight Financing Rate (SOFR) + 5%. As at July 27, 2022, the interest rate was 7.3%  The agreement is a revolving facility set to expire February 28, 2023, however at the option of the Company, it can be renewed at the end of the term for an additional 12 months.