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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash $ 486,063 $ 3,568,661
Accounts receivable 112,630 100,032
Prepaid expenses 300,813 376,925
Short-term deposit 68,939
Prepaid mine deposit and acquisition costs (note 6) 2,260,463
Prepaid finance costs 393,640
Total current assets 3,622,548 4,045,618
Non-current assets    
Equipment (note 4) 396,894 435,727
Right-of-use assets (note 5) 52,353 158,731
Long-term deposit (note 6) 2,068,939
Mining interests (note 6) 1 1
Total assets 4,071,796 6,709,016
Current liabilities    
Accounts payable (notes 6 and 15) 1,312,062 1,440,837
Accrued liabilities (notes 6 and 13) 869,581 214,218
EPA water treatment payable (note 6) 5,110,706 3,136,050
Interest payable (notes 6 and 8) 409,242 162,540
DSU liability (note 12) 1,531,409 1,110,125
Promissory notes payable (note 8) 2,500,000
EPA cost recovery payable (note 6) 11,000,000 8,000,000
Current portion of lease liability (note 9) 62,277 114,783
Total current liabilities 22,795,277 14,178,553
Non-current liabilities    
Lease liability (note 9) 61,824
Derivative warrant liability (notes 8 and 10) 15,518,887 24,006,236
Total liabilities 38,314,164 38,246,613
Shareholders’ Deficiency    
Preferred shares, $0.000001 par value, 10,000,000 preferred shares authorized; Nil preferred shares issued and outstanding (note 10)
Common shares, $0.000001 par value, 750,000,000 common shares authorized; 164,435,442 and 143,117,068 common shares issued and outstanding, respectively (note 10) 164 143
Additional paid-in-capital (note 10) 38,248,618 34,551,133
Shares to be issued
Deficit accumulated during the exploration stage (72,491,150) (66,088,873)
Total shareholders’ deficiency (34,242,368) (31,537,597)
Total shareholders’ deficiency and liabilities $ 4,071,796 $ 6,709,016