Income Tax (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Reconciliation of Current Income Taxes

A reconciliation of current income taxes at statutory rates with the reported taxes is as follows:

	2022			2021
Net loss before income taxes	$	(6,121,754	)	$	(4,893,126	)
Effective tax rate		27	%		27	%
Expected income tax recovery	$	(1,652,874	)	$	(1,321,144	)
Change in statutory, foreign tax, foreign exchange rates, and other		238,194			378,150
Permanent differences		649,306			609,738
Adjustment to prior years provision versus statutory tax returns and expiry of non-capital loses		-			(1,336,200	)
Change in unrecognized deductible temporary differences		765,374			1,669,456
Total	$	-		$	-

Schedule of Deferred Tax Assets and Liabilities

The tax effected items that give rise to significant portions of the deferred tax assets and deferred tax liabilities as at year-end are presented below:

23. Income Tax (continued)

	2022			2021
Deferred tax liabilities
Exploration and evaluation assets	$	(1,426,133	)	$	-
Deferred tax assets
Non-capital losses		1,426,133			-
Net deferred tax assets (liabilities)	$	-		$	-

Schedule of Deductible Temporary Differences and Unused Tax Losses

The Company recognizes tax benefits on losses or other deductible amounts where the probable criteria for the recognition of deferred tax assets has been met. The Company’s unrecognized deductible temporary differences and unused tax losses for which no deferred tax asset is recognized consist of the following amounts:

	2022		Expiry		2021		Expiry
Share issue costs		2,119,858		2027		-	N/A
Property and equipment		153,117		N/A		530,466	N/A
Asset retirement obligation		5,718,041		N/A		-	N/A
Exploration and evaluation assets		-		NA		4,724,218	No Expiry
Non-capital losses		28,385,944		See below		17,506,229	See below
Canada		3,995,237		2042		-	N/A
USA		16,533,694		indefinite		16,638,773	indefinite
Turkey		723,950		2024 to 2027		867,456	2024 to 2026
Bulgaria		2,401		2027		-	N/A