AMALGAMATION (Tables)

9 Months Ended

Sep. 30, 2022

Disclosure of detailed information about business combination [abstract]

SUMMARY OF COST OF ACQUISITION

The costs of the acquisition have been allocated as follows:

NAN’s shares outstanding before RTO		158,741,995
NAN share price ($/share) before RTO	$	0.58
FV of shares transferred	$	92,070,357
FV of options, warrants and agent warrants		12,110,855
FV of preferred shares		38,082
Total FV of consideration transferred	$	104,219,294
Cash	$	11,051,917
Trade and other receivables		450,522
Property, plant and equipment		14,111
Exploration and evaluation assets*		18,875,760
Trade payables and accrued liabilities		(1,548,582	)
Net assets acquired		28,843,728
Loss on acquisition		75,375,567
	$	104,219,294

* Included in net assets acquired are exploration and evaluation assets, totaling $39.2 million, net of an impairment charge of $20.3 million.