CONSOLIDATED STATEMENTS OF CASH FLOWS	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS	Dec. 31, 2025 CAD ($)	Dec. 31, 2024 CAD ($)
Cash flows used in operating activities
Loss for the period	$ (1,126,399)	$ (42,135,091)
Items not involving cash:
Share-based compensation	6,348,916	5,285,145
Deferred income tax recovery	(3,769,253)	(2,132,799)
Interest on convertible debentures	796,637	1,246,850
Fair value gain on convertible debentures	(709,657)	(7,103,656)
Gain on disposal of assets	(13,439,425)	(5,300,611)
Disposals and impairment of assets	935,814	39,958,977
Depreciation expense	294,231	237,636
Interest and accretion	144,301	128,498
Interest income on loan receivable	(48,492)	(220,639)
Other loss	167,938
Unrealized foreign exchange gain	(7,144)	(78,550)
Changes in non-cash working capital
Accounts receivable	(45,123)	260,305
Prepaid expenses	(820,100)	(113,787)
Accounts payable and accrued liabilities	(1,529,326)	(313,437)
Cash flows used in operating activities	(12,807,082)	(10,281,159)
Cash flows used in investing activities
Additions to exploration and evaluation assets	(23,541,618)	(21,768,491)
Acquisition of exploration and evaluation assets	(2,630)	(578,107)
Additions to property and equipment	(494,177)	(618,526)
Acquisitions of marketable securities	(2,670,424)	(3,147,290)
Loan received and advanced, including interest	6,168,995	(5,899,864)
Environmental bonds posted	(412,663)
Cash in asset group disposed of		(24,728)
Cash flows used in investing activities	(20,952,517)	(32,037,006)
Cash flows from financing activities
Shares issued	77,472,375	23,000,000
Share issuance cost	(4,473,177)	(1,702,444)
Shares issued for warrant exercise		3,627,474
Shares issued for option exercise	3,229,736	2,630,019
Interest payment on debentures	(590,918)	(898,020)
Lease liability payments	(173,490)	(156,000)
Cash flows from financing activities	75,464,526	26,501,029
Effects of exchange rate changes on cash	(93,422)	78,549
Change in cash and cash equivalents	41,611,505	(15,738,587)
Cash and cash equivalents, beginning of period	21,294,663	37,033,250
Cash and cash equivalents, end of period	62,906,168	21,294,663
Cash and cash equivalents is comprised of:
Cash	50,553,305	21,294,663
Short-term cash deposits	12,352,863
Cash and cash equivalents	$ 62,906,168	$ 21,294,663

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - CAD ($)	Dec. 31, 2025	Dec. 31, 2024
Current
Cash and cash equivalents	$ 62,906,168	$ 21,294,663
Accounts receivable	546,794	500,249
Prepaid expenses	2,112,419	489,921
Loan receivable		6,120,503
Marketable securities	53,451,555	31,181,067
Total current assets	119,016,936	59,586,403
Non-Current
Property and equipment	15,813,164	16,232,302
Exploration and evaluation assets	279,091,819	262,291,098
Environmental bonds	3,036,362	2,725,220
TOTAL ASSETS	416,958,281	340,835,023
Current
Accounts payable and accrued liabilities	2,109,193	3,348,296
Convertible debentures	5,430,859	30,279,306
Current portion of lease liabilities	164,125	121,165
Flow-through share premium liabilities	4,695,312	1,355,210
Total current liabilities	12,399,489	35,103,977
Non-Current
Long-term portion of lease liabilities	277,572	281,721
Asset retirement obligation	2,416,158	2,026,975
Deferred income tax liability	438,976	259,191
TOTAL LIABILITIES	15,532,195	37,671,864
EQUITY
Share capital	461,832,359	362,941,599
Share option and warrant reserve	37,289,167	33,154,239
Accumulated deficit	(103,671,645)	(102,545,246)
Accumulated other comprehensive income	5,976,205	9,612,567
TOTAL EQUITY	401,426,086	303,163,159
TOTAL LIABILITIES AND EQUITY	$ 416,958,281	$ 340,835,023