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Consolidated Statements of Cash Flows - CAD ($)
12 Months Ended
Jan. 31, 2020
Jan. 31, 2019
Jan. 31, 2018
Operating Activities      
Net income (loss) $ (531,945) $ 704,296 $ 2,015,340
Adjustments for non-cash items:      
Current income tax expense (recovery) (309,024) 2,751,000
Deferred income tax expense (recovery) (11,000) 13,000 (1,001,000)
Depreciation 1,079 1,670
Finance costs 6,786
Finance income (198,406) (189,154)
Foreign exchange gain (30,500) (1,225,704) (507,302)
Gain on sale of investments (14,635) (93,693)
Gain on sale of exploration and evaluation assets (5,871,719)
Other expenses 289,136
Share-based payments 317,283 294,432 565,250
Net cash used in operating activities before non-cash working capital (461,568) (436,574) (2,133,668)
Net change in non-cash working capital (3,197,331) 76,312 (113,747)
Net cash used in operating activities (3,658,899) (360,262) (2,247,415)
Investing Activities      
Expenditures on exploration and evaluation assets (43,192) (45,879) (265,059)
Proceeds on sale of mineral property 20,184,056
Proceeds on sale of investments 27,488 109,562
Increase in investments (2,658,284)
Decrease in term deposits 9,656,320 (5,961,905) (3,694,415)
Decrease in reclamation bond 83,277
Net cash used in investing activities 6,954,844 (5,980,296) 16,417,421
Financing Activities      
Issuance (repurchase) of shares for cash, net (936,119) (780,188) 96,760
Effect of exchange rate fluctuations on cash and cash equivalents 20,151 1,108,197 (180)
Change in cash and equivalents 2,379,977 (6,012,549) 14,266,586
Cash and cash equivalents, beginning of year 8,308,884 14,321,433 54,847
Cash and cash equivalents, end of year 10,688,861 8,308,884 14,321,433
Cash and cash equivalents consists of:      
Cash 804,520 4,592,134 5,722,848
Term deposits maturing in less than 90 days 9,884,341 3,716,750 8,598,585
Total cash and cash equivalents $ 10,688,861 $ 8,308,884 $ 14,321,433