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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating activities:    
Net loss for the year $ (6,121,754) $ (4,893,126)
Changes in operating assets and liabilities:    
Stock-based compensation 2,118,917 336,366
Stock issued for services 169,396 765,576
Depletion 1,451,032 415,686
Depreciation 145,035 31,768
Accretion of asset retirement obligation 264,075 91,983
Accretion and accrued interest expense 26,365 192,258
Interest income (54,623) (17,733)
Change in fair value of derivative liability 686,504 1,590,762
Gain on sale of equipment (40,074)
Unrealized foreign exchange (gain) loss (32,899) 50,916
Provision for settlement agreement 285,120
Loss on write-off of notes and other receivables 46,176
(Gain) loss on debt extinguishment (97,051) 159,383
Gain on net monetary position (1,826,495)
Impairment of exploration and evaluation assets 3,101,343
Restricted cash 5,438 6,325
Amounts receivable (3,959,821) (469,752)
Prepaid expenses and deposits (883,254) (71,201)
Accounts payable and accrued liabilities 11,708,461 (18,680)
Net cash used in operating activities 7,031,965 (1,869,543)
Investing activities:    
Property and equipment expenditures (696,929) (180,739)
Disposal of equipment 64,588 65,016
Oil and gas properties expenditures (37,712,406) (66,122)
Advances from JV partner 917,064
Net cash used in investing activities (37,427,683) (181,845)
Financing activities:    
Proceeds from stock subscriptions received, net 28,701,299 544,880
Proceeds from exercise of options 571,066 191,032
Proceeds from exercise of warrants 1,208,249 1,772,884
Proceeds from loans payable 199,007 525,642
Repayments of loans payable (696,853) (394,883)
Repayment of notes receivable 136,611 23,745
Lease payments (4,121) (7,634)
Net cash provided by financing activities 30,115,258 2,655,666
Effect of exchange rate changes on cash and cash equivalents 179,531 220,000
Net increase in cash and cash equivalents (100,929) 824,278
Cash and cash equivalents, beginning of year 1,026,990 202,712
Cash and cash equivalents, end of year 926,061 1,026,990
Supplemental information:    
Taxes paid
Interest paid on credit facilities 105,805 29,980
Non-cash investing and financing activities:    
Stock issued for debt settlement 391,021 351,537
Stock issued for prepaid expenses 158,698
Stock issued for services 169,396 765,576
Stock issued for debt conversion $ 522,519