XML 57 R24.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Exploration and Evaluation Assets (Tables)
 12 Months Ended
Mar. 31, 2024
Exploration and Evaluation Assets [Abstract]  
Schedule of Exploration and Evaluation Assets Deferred to the Statements of Financial Position Exploration and evaluation assets deferred to the statements of financial position at March 31, 2024 and 2023 are as follows:
  

March 31,

2023

  Additions  Recovery  Write-off  

March 31,

2024

 
Abitibi Lithium  $1,767,000  $
-
  $
        -
  $
-
   $1,767,000 
Augustus Lithium   593,290   
-
   
-
   
-
    593,290 
Canadian Lithium   228,881   
-
   
-
   
-
    228,881 
Cosgrave Lithium   
-
   104,750   
-
   
-
    104,750 
Electron Lithium   650,405   
-
   
-
   
-
    650,405 
Jubilee Lithium   20,000   30,000   
-
   (50,000)   
-
 
Kokanee Creek   932,125   
-
   
-
   
-
    932,125 
McNeely   820,000   
-
   
-
   
-
    820,000 
North Spirit   442,105   
-
   
-
   (442,105)   
-
 
Rose West Lithium   884,000   
-
   
-
   
-
    884,000 
Rose East Lithium   900,000   75,000   
-
   
-
    975,000 
Titan Gold   178,500   
-
   
-
   (178,500)   
-
 
Trix Lithium   75,000   4,166   
-
   (79,166)   
-
 
   $7,491,306  $213,916  $
-
  $(749,771)  $6,955,451 
    March 31,                March 31, 
    2022   Additions   Recovery   Write-off    2023 
Abitibi Lithium  $1,767,000  $
-
  $
-
  $
-
   $1,767,000 
Augustus Lithium   335,000   258,290   
-
   
-
    593,290 
Canadian Lithium   176,250   52,631   
-
   
-
    228,881 
Electron Lithium   981,250   200,000   (530,845)  
-
    650,405 
Falcon Lake   50,000   107,500   (157,500)  
-
    - 
Gaspésie Peninsula   
-
   288,500   
-
   (288,500)   - 
Jubilee Lithium   
-
   20,000   
-
   
-
    20,000 
Kokanee Creek   932,125   
-
   
-
   
-
    932,125 
McNeely   820,000   
-
   
-
   
-
    820,000 
North Spirit   
-
   442,105   
-
   
-
    442,105 
Red Lake   792,750   
-
   
-
   (792,750)   - 
Rose West Lithium   
-
   884,000   
-
   
-
    884,000 
Rose East Lithium   
-
   900,000   
-
   
-
    900,000 
Titan Gold   150,500   28,000   
-
   
-
    178,500 
Trix Lithium   
-
   75,000   
-
   
-
    75,000 
   $6,004,875  $3,256,026  $(688,345) $(1,081,250)  $7,491,306 

 
Schedule of Option Payments Under the terms of the Jubilee Lithium Agreement, the Company had acquired a 100% interest in the property by completing the following option payments:

Due Dates

Option payments
($)

December 1, 2024
(paid)		 20,000
December 1, 2025
(paid)		 30,000
Schedule of Common Share Issuances Under the terms of the Pontax West Lithium Agreement, the Company has the option to acquire a 100% interest in the property by completing the following common share issuances:

Due Dates

Issuance of
FE Battery
common shares

On signing 1,500,000
October 13, 2024 2,000,000
October 13, 2025 2,500,000
Under the terms of the Rose East Lithium Agreement, the Company has the option to acquire a 100% interest in the property by completing the following option payments:

 

Due Dates

 Issuance of FE Battery
common shares
March 4, 2023 (issued) 1,500,000
March 4, 2024 1,500,000
Schedule of Exploration and Evaluation Expenditures in Statements of Loss and Comprehensive Loss Exploration and evaluation expenditures recorded in the statements of loss and comprehensive loss for the year ended March 31, 2024, 2023 and 2022 are as follows:
Year ended
March 31, 2024		   Assay and
sampling		   Drilling and
mobilization		   Field
expenditures		   Geological
Consulting		   Geological
and
Technical
Services		   Land claims
and property
taxes		   Total
March 31,
2024
Ontario                                          
Trix Lithium   $
-
   $
-
   $ 45,000   $ 65,050   $
-
   $
-
   $ 110,050
Quebec                                          
Augustus Lithium     98,566     907,763     366,970     228,700     506,769     13,087     2,121,855
Pontax West Lithium    
-
     -    
-
     181,000     -    
-
     181,000
Rose West Lithium     -     -     -     72,600     -     -     72,600
Rose East Lithium    
-
    
-
    
-
     88,200    
-
    
-
     88,200
General Exploration    
-
    
-
    
-
    
-
     9,700    
-
     9,700
Total   $ 98,566   $ 907,763   $ 411,970   $ 635,550   $ 516,469   $ 13,087   $ 2,583,405
               Geological      
               and  Land claims  Total
Year ended  Assay and  Drilling and  Field  Geological  Technical  and property  March 31,
March 31, 2023  sampling  mobilization  expenditures  Consulting  Services  taxes  2023
Ontario                     
Jubilee Lithium  $
-
  $
-
  $
-
  $29,465  $34,830  $
      -
  $64,295
Trix Lithium   7,000   
-
   
-
   25,750   
-
   
-
   32,750
Quebec                            
Titan Gold   36,450   
-
   32,400   20,250   
-
   
-
   89,100
Augustus Lithium   20,634   733,741   216,690   176,850   326,948   
-
   1,474,863
General Exploration   8,401   
-
   2,214   149,050   
-
   
-
   159,665
Total  $72,485  $733,741  $251,304  $401,365  $361,778  $
-
  $1,820,673
Year ended
March 31, 2022		  Assay and
sampling		  Drilling and
mobilization		  Field
expenditures		  Geological
Consulting		  Geological
and
Technical
Services		  Land claims
and property
taxes		  Total
March 31,
2022
British Columbia                     
Kokanee Creek
Ontario		  $
-
  $
-
  $17,000  $47,500  $10,000  $
-
  $74,500
Phyllis Cobalt
Quebec		   9,797   11,250   
-
   
-
   
-
   
-
   21,047
Titan Gold   
-
   
-
   
-
   75   
-
   
-
   75
Augustus Lithium   115,584   822,454   208,742   280,223   73,665   1,593   1,502,261
General Exploration   
-
   
-
   
-
   11,238   
-
   
-
   11,238
Total  $125,381  $833,704  $225,742  $339,036  $83,665  $1,593  $1,609,121