XML 116 R41.htm IDEA: XBRL DOCUMENT v3.24.2
Note 8 - Capital Stock and Reserves (Details Textual)
12 Months Ended 24 Months Ended
Mar. 13, 2024
$ / shares
Aug. 22, 2023
CAD ($)
$ / shares
shares
Aug. 22, 2023
USD ($)
$ / shares
shares
Mar. 31, 2024
CAD ($)
$ / shares
shares
Mar. 31, 2023
CAD ($)
$ / shares
shares
Mar. 31, 2022
CAD ($)
$ / shares
shares
Mar. 31, 2024
CAD ($)
$ / shares
shares
Sep. 07, 2022
shares
Mar. 31, 2021
CAD ($)
Statement Line Items [Line Items]                  
Proceeds from issuing shares       $ 7,047,668 $ 1,661,807 $ 592,365      
Payments for share issue costs       480,415 99,624 1,785      
Total equity       13,209,537 10,387,622 6,741,746 $ 13,209,537   $ 5,749,509
Proceeds from exercise of warrants       $ 0 $ 1,059,017 $ 701,889      
Increase (decrease) in number of shares outstanding, issued for services (in shares) | shares       30,900   8,178      
Issue of equity, shares issued for services       $ 187,872   $ 42,933      
Number of share options exercised in share-based payment arrangement       36,000 13,000 186,700      
Proceeds from exercise of options       $ 131,400 $ 77,750 $ 850,575      
Increase (decrease) through exercise of options, equity       131,400 $ 77,750 $ 850,575      
Increase in number of shares outstanding, exercise of warrants (in shares) | shares         212,750 155,134      
Proceeds from exercise of warrants 1           $ 741,889      
Increase (decrease) through share-based payment transactions, equity       910,700 $ 815,428 2,482,219      
Shares issued for services       0 0 42,933      
Trade payable, extinguishment with issuance of shares           42,933      
Gain (loss) on forgiveness of debt       $ 0 $ 184,813 $ (93,658)      
Number of share options granted in share-based payment arrangement       238,500 121,000 184,000      
Number of share options expired in share-based payment arrangement       80,300          
Share-based arrangement, payment reserve, forfeited       $ 891,400 $ 860,158        
Number of share options forfeited in share-based payment arrangement       80,300 121,000 5,000      
Share-based payment arrangement, options reinstated (in shares) | shares           4,000      
Number of warrants issued during the period (in shares) | shares         5,765        
Non-related party debt [member]                  
Statement Line Items [Line Items]                  
Increase in number of shares outstanding, settlement of debt (in shares) | shares           20,000      
Increase (decrease) in equity, settlement of debt           $ 380,000      
Extinguishment of debt, amount 1           279,644      
Gain (loss) on forgiveness of debt           $ 100,356      
Common shares [member]                  
Statement Line Items [Line Items]                  
Shares issued, price per share (in CAD per share) | $ / shares           $ 12      
Number of share options exercised in share-based payment arrangement       36,000 13,000 186,700      
Proceeds from exercise of options       $ 131,400 $ 77,750 $ 850,575      
Increase (decrease) through exercise of options, equity       $ 53,400 78,528        
Exercise price of outstanding share options (in CAD per share) | $ / shares       $ 4.95     $ 4.95    
Warrants exercised [member]                  
Statement Line Items [Line Items]                  
Proceeds from exercise of warrants 1         $ 1,059,017        
Performance Share Units (PSU) [member]                  
Statement Line Items [Line Items]                  
Number of instruments granted in share-based payment arrangement           280,000 160,000    
Number of share options exercised in share-based payment arrangement           30,000 20,000    
Increase (decrease) in number of shares outstanding, share-based payment transactions (in shares) | shares         20,000 30,000      
Increase (decrease) through share-based payment transactions, equity         $ 355,000 $ 532,500      
Number of share options granted in share-based payment arrangement       0   280,000      
Weighted average exercise price of share options granted in share-based payment arrangement (in CAD per share) | $ / shares           $ 14.85 $ 9.1    
Share-based arrangement, payment reserve, forfeited             $ 723,497    
Number of share options forfeited in share-based payment arrangement             390,000    
Total expense from share-based payment transactions         $ 363,195 $ 1,063,622      
Fair value of share options granted in share-based payment arrangement           $ 4,156,210      
Share-based arrangement, common shares reserved for issuance (in shares) | shares               343,391  
Share options cancelled under share-based arrangement (in shares) | shares         390,000        
Total expense from share-based payment transactions, reversed         $ 723,496        
Number of share options vested under share-based arrangements (in shares) | shares           50,000      
Number of share options available to vest under share-based arrangements (in shares) | shares           230,000      
Share options, vesting duration (Year)           3 years      
Share options, converted to common shares (in shares) | shares           30,000      
Performance Share Units (PSU) [member] | Bottom of range [member]                  
Statement Line Items [Line Items]                  
Share options vesting milestone value, per share (in CAD per share) | $ / shares           $ 25      
Performance Share Units (PSU) [member] | Top of range [member]                  
Statement Line Items [Line Items]                  
Share options vesting milestone value, per share (in CAD per share) | $ / shares           $ 87.5      
Performance Share Units (PSU) [member] | Company director [member]                  
Statement Line Items [Line Items]                  
Number of share options granted in share-based payment arrangement       40,000 40,000        
Total expense from share-based payment transactions         $ 63,679        
Fair value of share options granted in share-based payment arrangement         $ 387,379        
Performance Share Units (PSU) [member] | Company director [member] | Bottom of range [member]                  
Statement Line Items [Line Items]                  
Share options vesting milestone value, per share (in CAD per share) | $ / shares         $ 25        
Performance Share Units (PSU) [member] | Company director [member] | Top of range [member]                  
Statement Line Items [Line Items]                  
Share options vesting milestone value, per share (in CAD per share) | $ / shares         $ 87.5        
Performance Share Units (PSU) [member] | Company directors [member]                  
Statement Line Items [Line Items]                  
Number of share options granted in share-based payment arrangement         120,000        
Total expense from share-based payment transactions         $ 55,615        
Fair value of share options granted in share-based payment arrangement         $ 1,246,463        
Performance Share Units (PSU) [member] | Company directors [member] | Bottom of range [member]                  
Statement Line Items [Line Items]                  
Share options vesting milestone value, per share (in CAD per share) | $ / shares         $ 19.5        
Performance Share Units (PSU) [member] | Company directors [member] | Top of range [member]                  
Statement Line Items [Line Items]                  
Share options vesting milestone value, per share (in CAD per share) | $ / shares         $ 68        
Performance Share Units (PSU) [member] | Other related parties [member]                  
Statement Line Items [Line Items]                  
Increase (decrease) through share-based payment transactions, equity         $ 355,000 $ 532,500      
Share options 1 [member]                  
Statement Line Items [Line Items]                  
Maximum percentage of outstanding stock allowed under share-based payment arrangement       10.00%     10.00%    
Options issued to consultant one [member]                  
Statement Line Items [Line Items]                  
Number of share options granted in share-based payment arrangement       17,500 20,000 5,000      
Weighted average exercise price of share options granted in share-based payment arrangement (in CAD per share) | $ / shares       $ 5.65 $ 12.75 $ 5.25      
Share-based payment arrangement, award vesting period (Year)       3 years 3 years 5 years      
Share-based payment arrangement, options, fair value       $ 60,200 $ 198,300 $ 21,500 $ 60,200    
Options issued to directors and a consultant [member]                  
Statement Line Items [Line Items]                  
Number of share options granted in share-based payment arrangement       40,000          
Weighted average exercise price of share options granted in share-based payment arrangement (in CAD per share) | $ / shares       $ 6.6          
Share-based payment arrangement, award vesting period (Year)       3 years          
Share-based payment arrangement, options, fair value       $ 173,500     173,500    
Options issued to officers [member]                  
Statement Line Items [Line Items]                  
Number of share options granted in share-based payment arrangement       85,000          
Weighted average exercise price of share options granted in share-based payment arrangement (in CAD per share) | $ / shares       $ 6.6          
Share-based payment arrangement, award vesting period (Year)       5 years          
Share-based payment arrangement, options, fair value       $ 445,500     445,500    
Options issued to consultant two [member]                  
Statement Line Items [Line Items]                  
Number of share options granted in share-based payment arrangement       36,000 8,000 10,000      
Weighted average exercise price of share options granted in share-based payment arrangement (in CAD per share) | $ / shares       $ 3.65 $ 13.75 $ 7.5      
Share-based payment arrangement, award vesting period (Year)         3 years 5 years      
Share-based payment arrangement, options, fair value       $ 53,400 $ 83,200 $ 66,100 53,400    
Options Issued to Director [Member]                  
Statement Line Items [Line Items]                  
Number of share options granted in share-based payment arrangement       20,000          
Weighted average exercise price of share options granted in share-based payment arrangement (in CAD per share) | $ / shares       $ 5.47          
Share-based payment arrangement, award vesting period (Year)       3 years          
Share-based payment arrangement, options, fair value       $ 75,500     75,500    
Options issued to officer [member]                  
Statement Line Items [Line Items]                  
Number of share options granted in share-based payment arrangement       20,000          
Weighted average exercise price of share options granted in share-based payment arrangement (in CAD per share) | $ / shares       $ 3.98          
Share-based payment arrangement, award vesting period (Year)       5 years          
Share-based payment arrangement, options, fair value       $ 66,600     66,600    
Options issued to consultant three [member]                  
Statement Line Items [Line Items]                  
Number of share options granted in share-based payment arrangement       20,000 62,000 6,000      
Weighted average exercise price of share options granted in share-based payment arrangement (in CAD per share) | $ / shares       $ 3.3 $ 9 $ 12.5      
Share-based payment arrangement, award vesting period (Year)       2 years 3 years 5 years      
Share-based payment arrangement, options, fair value       $ 66,600 $ 395,600 $ 61,600 $ 66,600    
options issued to consultant four [member]                  
Statement Line Items [Line Items]                  
Number of share options granted in share-based payment arrangement         31,000 110,000      
Weighted average exercise price of share options granted in share-based payment arrangement (in CAD per share) | $ / shares         $ 9.5 $ 14.25      
Share-based payment arrangement, award vesting period (Year)         2 years 1 year      
Share-based payment arrangement, options, fair value         $ 208,600 $ 666,100      
Consultant options [member]                  
Statement Line Items [Line Items]                  
Exercise price of outstanding share options (in CAD per share) | $ / shares       $ 4.95     $ 4.95    
Share-based arrangement, payment reserve, forfeited         $ 891,400        
Number of share options forfeited in share-based payment arrangement         121,000        
Total expense from share-based payment transactions         $ 42,702 $ 3,897      
Options issued to consultant five [member]                  
Statement Line Items [Line Items]                  
Number of share options granted in share-based payment arrangement           10,000      
Weighted average exercise price of share options granted in share-based payment arrangement (in CAD per share) | $ / shares           $ 20.5      
Share-based payment arrangement, award vesting period (Year)           5 years      
Share-based payment arrangement, options, fair value           $ 163,700      
Options issued to consultant six [member]                  
Statement Line Items [Line Items]                  
Number of share options granted in share-based payment arrangement           20,000      
Weighted average exercise price of share options granted in share-based payment arrangement (in CAD per share) | $ / shares           $ 17.5      
Share-based payment arrangement, award vesting period (Year)           5 years      
Share-based payment arrangement, options, fair value           $ 285,300      
Options issued to consultant seven [member]                  
Statement Line Items [Line Items]                  
Number of share options granted in share-based payment arrangement           15,000      
Weighted average exercise price of share options granted in share-based payment arrangement (in CAD per share) | $ / shares           $ 16.5      
Share-based payment arrangement, award vesting period (Year)           2 years      
Share-based payment arrangement, options, fair value           $ 150,400      
Options issued to consultant eight [member]                  
Statement Line Items [Line Items]                  
Number of share options granted in share-based payment arrangement           4,000      
Weighted average exercise price of share options granted in share-based payment arrangement (in CAD per share) | $ / shares           $ 15.5      
Share-based payment arrangement, award vesting period (Year)           3 years      
Share-based payment arrangement, options, fair value           $ 46,600      
Options [member]                  
Statement Line Items [Line Items]                  
Number of share options exercised in share-based payment arrangement       36,000 13,000 186,700      
Increase (decrease) through exercise of options, equity         $ 78,528 $ 761,273      
Performance stock options [member]                  
Statement Line Items [Line Items]                  
Weighted average exercise price of share options granted in share-based payment arrangement (in CAD per share) | $ / shares           $ 14.25      
Share-based payment arrangement, award vesting period (Year)           2 years      
Number of share options expired in share-based payment arrangement       15,000          
Total expense from share-based payment transactions       $ 0 $ 63,148 $ 0      
Fair value of share options granted in share-based payment arrangement           $ 126,297      
Share-based payment arrangement, award vesting percentage           100.00%      
Performance Share Units (PSU) modified from earlier grants [member]                  
Statement Line Items [Line Items]                  
Number of share options granted in share-based payment arrangement         140,000        
Total expense from share-based payment transactions         $ 64,884        
Fair value of share options granted in share-based payment arrangement         $ 1,068,398        
Performance Share Units (PSU) modified from earlier grants [member] | Bottom of range [member]                  
Statement Line Items [Line Items]                  
Share options vesting milestone value, per share (in CAD per share) | $ / shares         $ 19.5        
Performance Share Units (PSU) modified from earlier grants [member] | Top of range [member]                  
Statement Line Items [Line Items]                  
Share options vesting milestone value, per share (in CAD per share) | $ / shares         $ 68        
Unit warrants expiring March 13, 2026 [member]                  
Statement Line Items [Line Items]                  
Fair value per warrant (in CAD per share) | $ / shares $ 3.77                
Exercise price of warrants or rights (in CAD per share) | $ / shares $ 4                
Expected life, warrants granted 2                
Interest rate, warrants granted 3.50%                
Dividend yield, warrants granted 0.00%                
Lac Simard South property [member]                  
Statement Line Items [Line Items]                  
Increase (decrease) in number of shares outstanding, exploration and evaluation assets option agreement (in shares) | shares       10,700          
Increase (decrease) in equity, evaluation and exploration assets option agreement       $ 85,600          
Peg North Property [member]                  
Statement Line Items [Line Items]                  
Increase (decrease) in number of shares outstanding, exploration and evaluation assets option agreement (in shares) | shares       13,072 10,526        
Increase (decrease) in equity, evaluation and exploration assets option agreement       $ 100,000 $ 100,000        
Jean Lake Property [member]                  
Statement Line Items [Line Items]                  
Increase (decrease) in number of shares outstanding, exploration and evaluation assets option agreement (in shares) | shares       6,128 6,705 5,000      
Increase (decrease) in equity, evaluation and exploration assets option agreement       $ 50,000 $ 50,000 $ 25,000      
Jol Lithium Property [member]                  
Statement Line Items [Line Items]                  
Increase (decrease) in number of shares outstanding, exploration and evaluation assets option agreement (in shares) | shares         364        
Increase (decrease) in equity, evaluation and exploration assets option agreement         $ 2,454        
Strider Agreement [member]                  
Statement Line Items [Line Items]                  
Increase (decrease) in number of shares outstanding, exploration and evaluation assets option agreement (in shares) | shares           11,194      
Increase (decrease) in equity, evaluation and exploration assets option agreement           $ 69,963      
Finders warrants [member]                  
Statement Line Items [Line Items]                  
Flow-through premium liability       20,143     $ 20,143    
Warrant premium       377,911     377,911    
Commitment to incur expenses       1,109,268     1,109,268    
Qualifying CEE       852,045          
Warrants issued in public offering [member]                  
Statement Line Items [Line Items]                  
Class of warrant or right, number of securities called by each warrant or right (in shares) | shares   1              
Class of warrant or right, exercise price of warrants or rights (in CAD per share) | $ / shares   $ 6.25              
Warrants and rights outstanding, term (Year)   5 years 5 years            
Derivative financial liabilities   $ 823,597   656,946     $ 656,946    
Total gains (losses) on financial liabilities at fair value through profit or loss       $ 166,651          
Class of warrant or right, granted (in shares) | shares       40,000          
Class of warrant or right, granted, value       $ 270,400          
Underwriter warrants [member]                  
Statement Line Items [Line Items]                  
Class of warrant or right, granted (in shares) | shares   40,000 40,000            
Total equity   $ 270,400              
Warrants issued in non-brokered private placement [member]                  
Statement Line Items [Line Items]                  
Class of warrant or right, number of securities called by each warrant or right (in shares) | shares         1        
Class of warrant or right, exercise price of warrants or rights (in CAD per share) | $ / shares         $ 10        
Warrants and rights outstanding, term (Year)         2 years        
Class of warrant or right, granted (in shares) | shares         5,765        
Total equity         $ 22,000        
Class of warrant or right, granted, value         $ 22,000        
Shares issued in public offering [member]                  
Statement Line Items [Line Items]                  
Total increase (decrease) in number of shares outstanding (in shares) | shares   800,000 800,000            
Number of warrants per unit (in shares) | shares   1              
Number of common shares per unit (in shares) | shares   1              
Shares issued, price per share (in CAD per share) | (per share)   $ 6.77 $ 5            
Proceeds from issuing shares   $ 5,418,400 $ 4,000,000            
Payments for share issue costs   $ 387,416 $ 286,000            
Tranche 1 of private placement [member]                  
Statement Line Items [Line Items]                  
Cash finder's fees paid       $ 11,134          
Tranche 1 of private placement [member] | Flow-through shares issued in private placement [member]                  
Statement Line Items [Line Items]                  
Class of warrant or right, exercise price of warrants or rights (in CAD per share) | $ / shares       $ 5.88     $ 5.88    
Number of instruments granted in share-based payment arrangement       188,651          
Proceeds from exercise of warrants       $ 1,109,268          
Tranche 1 of private placement [member] | Non-flow-through units issued in private placement [member]                  
Statement Line Items [Line Items]                  
Class of warrant or right, exercise price of warrants or rights (in CAD per share) | $ / shares       $ 3.4     3.4    
Number of instruments granted in share-based payment arrangement       152,941          
Proceeds from exercise of warrants       $ 520,000          
Tranche 1 of private placement [member] | Warrants issued in non-brokered private placement [member]                  
Statement Line Items [Line Items]                  
Class of warrant or right, exercise price of warrants or rights (in CAD per share) | $ / shares       $ 4     4    
Weighted average trading price (in CAD per share) | $ / shares       6     6    
Tranche 1 of private placement [member] | Finders warrants [member]                  
Statement Line Items [Line Items]                  
Class of warrant or right, exercise price of warrants or rights (in CAD per share) | $ / shares       $ 3.4     $ 3.4    
Increase (decrease) in number of shares outstanding, shares issued, share purchase finders warrants (in shares) | shares       3,274     3,274    
Class of warrant or right, granted, value       $ 9,700          
Shares issued in non-brokered private placement [member]                  
Statement Line Items [Line Items]                  
Shares issued, price per share (in CAD per share) | $ / shares         $ 17 $ 8.5      
Proceeds from issuing shares         $ 1,661,807 $ 341,415      
Payments for share issue costs         99,624        
Flow-through premium liability         $ 977,534        
Increase (decrease) in number of shares outstanding, private placement (in shares) | shares         97,753 40,166      
Flow-through exploration commitments fulfilled         $ 1,661,807        
Shares issued in second non-brokered private placement [member]                  
Statement Line Items [Line Items]                  
Shares issued, price per share (in CAD per share) | $ / shares           $ 5.25      
Proceeds from issuing shares           $ 250,950      
Increase (decrease) in number of shares outstanding, private placement (in shares) | shares           47,800