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Condensed Interim Consolidated Statements of Cash Flows (Unaudited) - CAD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
OPERATING ACTIVITIES        
Net loss for the period $ (54,052,183) $ (375,732) $ (78,287,243) $ (1,669,387)
Items not affecting cash:        
Share-based payment 4,183,657 6,776,752 761,480
Depreciation 882 882
Provision for leave and severance 114,698 114,698
Warrant fair value movement (28,275,255) (8,974,901)
Unrealized foreign exchange loss (250,875) (1,069) (1,522,232) (2,607)
Loss on acquisition 75,375,567 75,375,567
Changes in working capital        
Prepaid expenses and other receivables 664,891 (94,127) (458,664) (207,584)
Trade payables and accrued expenses (677,611) 28,463 1,921,168 356,038
Net cash used in operating activities (2,916,139) (442,465) (5,053,973) (762,060)
INVESTING ACTIVITIES        
Property, plant and equipment (444,937) (711,049)
Expenditures on exploration and evaluation assets (5,075,145) (742,813) (22,357,735) (2,093,913)
RTO transaction 11,051,917 11,051,917
Net cash used in investing activities 5,531,835 (742,813) (12,016,867) (2,093,913)
FINANCING ACTIVITIES        
Proceeds from issuance of common shares (276,741) 2,481,814 22,111,858 6,252,986
Direct financing costs (9,502) (1,960,977) (287,228)
Proceeds from exercise of warrants and options 686,398 686,398
Net cash provided by financing activities 400,155 2,481,814 20,837,279 5,965,758
Change in cash for the period 3,015,761 1,296,536 3,766,439 3,109,785
Cash at the beginning of the period 2,740,881 1,922,102 1,990,203 108,853
Cash at the end of the period $ 5,756,642 $ 3,218,638 $ 5,756,642 $ 3,218,638