Gold Standard Ventures (GSV) 40-F 29 Mar 22 2021 FY Annual report (Canada) Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2021shares
Statement Line Items [Line Items]
Entity Central Index Key	0001321847
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Amendment Flag	false
Document Type	40-F
Document Registration Statement	false
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
Entity File Number	001-35571
Entity Registrant Name	Gold Standard Ventures Corp.
Entity Incorporation, State or Country Code	A1
Entity Address, Address Line One	Suite 610 - 815 West Hastings Street
Entity Address, City or Town	Vancouver
Entity Address, Postal Zip Code	V6C 1B4
Entity Address State	BC
Entity Address Country	CA
City Area Code	604
Local Phone Number	669-5702
Title of 12(b) Security	Common Shares, no par value
Trading Symbol	GSV
Name of Exchange on which Security is Registered	NYSE
Annual Information Form	true
Audited Annual Financial Statements	true
Entity Common Stock, Shares Outstanding	357,970,251
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Emerging Growth Company	false
Auditor Attestation Flag	true
Auditor Name	DAVIDSON & COMPANY LLP
Auditor Location	Vancouver, Canada
Auditor Firm Id	731
Business Contact [Member]
Statement Line Items [Line Items]
Contact Personnel Name	Gold Standard Ventures (US) Inc.
Entity Address, Address Line One	2320 Last Chance Road
Entity Address, City or Town	Elko
Entity Address, Postal Zip Code	89801
Entity Address State	NV
City Area Code	775
Local Phone Number	738-9572

Consolidated Statements of Fina

Consolidated Statements of Financial Position - CAD ($)	Dec. 31, 2021	Dec. 31, 2020
Current
Cash	$ 22,664,599	$ 18,635,636
Receivables	10,593	114,935
Prepaid expenses	720,334	429,331
Total current assets	23,395,526	19,179,902
Exploration and evaluation assets (Notes 3 and 10)	263,224,666	244,065,107
Reclamation bonds (Note 4)	3,484,948	3,499,646
Property and equipment	70,275	174,936
Right-of-use assets (Note 5)	401,027	526,959
Total assets	290,576,442	267,446,550
Current
Accounts payable and accrued liabilities (Note 6)	2,091,365	4,124,229
Current portion of lease liabilities (Note 5)	151,511	186,023
Total Current liabilities	2,242,876	4,310,252
Lease liabilities (Note 5)	262,107	378,252
Deferred revenue (Note 7)	2,830,581	2,582,119
Provision for site reclamation (Note 8)	2,018,849	1,985,521
Total Liabilities	7,354,413	9,256,144
Shareholders' equity
Share capital (Note 9)	364,107,640	330,813,214
Reserves (Note 9)	9,851,462	9,973,552
Deficit	(90,737,073)	(82,596,360)
Total shareholders' equity	283,222,029	258,190,406
Total liabilities and shareholders' equity	$ 290,576,442	$ 267,446,550

Consolidated Statements of Loss

Consolidated Statements of Loss and Comprehensive Loss - CAD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Expenses
Accretion expenses (Notes 7 and 8)	$ 219,402	$ 50,204
Community relations	13,005	6,573
Consulting fees	37,042	495,968
Depreciation (Note 5)	307,095	326,078
Foreign exchange loss	258,930	405,513
Insurance	609,381	513,001
Interest expense on lease liabilities (Note 5)	34,697	48,572
Investor relations	54,035	465,922
Management fees	1,756,403	1,237,163
Termination payments (Note 11)	1,287,509	1,199,899
Office	594,972	575,795
Professional fees	736,389	1,673,209
Property investigation	18,571	3,691
Regulatory and shareholders service	331,233	492,466
Share-based compensation (Note 9)	3,693,273	2,478,400
Travel and related	132,043	286,669
Wages and salaries	942,816	506,164
Total expense	(11,026,796)	(10,765,287)
Other income	69,200	24,694
Loss and comprehensive loss for the year	$ (10,957,596)	$ (10,740,593)
Basic and diluted loss per share	$ (0.03)	$ (0.04)
Weighted average number of common shares outstanding (basic and diluted)	352,657,635	294,983,142

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - CAD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Cash flows used in operating activities
Loss for the year	$ (10,957,596)	$ (10,740,593)
Items not affecting cash:
Depreciation	307,095	326,078
Share-based compensation	3,693,273	2,478,400
Accretion expenses	219,402	50,204
Gain on lease modification	(45,126)
Unrealized foreign exchange loss (gain)	52,792	(4,073)
Changes in non-cash working capital items
Decrease/(Increase) in receivables	104,342	(72,370)
Decrease/(Increase) in prepaid expenses	(291,003)	7,030
Increase in accounts payable and accrued liabilities	328,841	251,336
Net cash provided by operating activities	(6,587,980)	(7,703,988)
Cash flows used in investing activities
Reclamation bonds		(1,494,330)
Exploration and evaluation assets expenditures	(21,431,135)	(20,516,085)
Net cash provided by investing activities	(21,431,135)	(22,010,415)
Cash flows from financing activities
Proceeds from share issuances	34,509,200	38,353,487
Share issuance costs	(2,281,368)	(1,408,588)
Proceeds from exercise of stock options		1,715,250
Proceeds from deferred revenue		2,594,000
Repayment of lease liabilities	(179,754)	(164,682)
Net cash provided by financing activities	32,048,078	41,089,467
Net change in cash	4,028,963	11,375,064
Cash, beginning of year	18,635,636	7,260,572
Cash, end of year	22,664,599	18,635,636
Non-cash transactions
Exploration and evaluation assets expenditures in accounts payable	734,608	3,028,199
Share issuance costs in accounts payable		68,114
Reclassification of stock options expired	2,749,447	1,071,980
Reclassification of stock options exercised		1,137,027
Reclassification of cancelled restricted share units	67,436
Reclassification of restricted share units vested	998,480	551,612
Capitalization of right-of-use assets and lease liabilities	31,376
Provision for site reclamation	$ 22,015	$ 1,078,871

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - CAD ($)	Shares Capital [Member]	Reserves [Member]	Deficit [Member]	Total
Balance at Dec. 31, 2019	$ 290,532,540	$ 10,255,771	$ (72,927,747)	$ 227,860,564
Balance share at Dec. 31, 2019	277,527,886
Shares issued for cash	$ 38,353,487			38,353,487
Shares issued for cash, shares	37,716,669
Share issuance costs	$ (1,476,702)			(1,476,702)
Stock options exercised	$ 2,852,277	(1,137,027)		1,715,250
Stock options exercised, shares	2,325,000
Restricted share units vested	$ 551,612	(551,612)
Restricted share units vested, shares	436,785
Stock options expired		(1,071,980)	1,071,980
Share-based compensation		2,478,400		2,478,400
Loss for the year			(10,740,593)	(10,740,593)
Balance at Dec. 31, 2020	$ 330,813,214	9,973,552	(82,596,360)	258,190,406
Balance share at Dec. 31, 2020	318,006,340
Shares issued for cash	$ 34,509,200			34,509,200
Shares issued for cash, shares	39,215,000
Share issuance costs	$ (2,213,254)			(2,213,254)
Restricted share units vested	$ 998,480	(998,480)
Restricted share units vested, shares	748,911
Stock options expired		(2,749,447)	2,749,447
Restricted share units cancelled		(67,436)	67,436
Share-based compensation		3,693,273		3,693,273
Loss for the year			(10,957,596)	(10,957,596)
Balance at Dec. 31, 2021	$ 364,107,640	$ 9,851,462	$ (90,737,073)	$ 283,222,029
Balance share at Dec. 31, 2021	357,970,251

Nature and Continuance of Opera

Nature and Continuance of Operations	12 Months Ended
	Dec. 31, 2021
Disclosure of Nature and Continuance of Operations [Abstract]
Nature and Continuance of Operations	NOTE 1 - Nature and Continuance of Operations Gold Standard Ventures Corp. (the “Company”) was incorporated on February 6, 2004 under the Business Corporations Act (British Columbia) and is listed for trading on the Toronto Stock Exchange under the symbol “GSV” and on the NYSE American under the symbol “GSV”. The Company’s head office, principal address and registered and records office is located at Suite 610 – 815 West Hastings Street, Vancouver, British Columbia, Canada, V6C 1B4. The Company’s exploration and evaluation assets are at the exploration stage and major expenditures are required to acquire construction and operating permits and to construct mining and processing facilities. The amounts shown as exploration and evaluation assets cost represent acquisition, holding and deferred exploration costs and do not necessarily reflect present or future recoverable values. The recoverability of the amounts shown for exploration and evaluation assets cost is dependent upon the Company obtaining the necessary permits and financing to complete the development of the properties, the discovery of economically recoverable reserves and future profitable operations or through sale of the assets. These consolidated financial statements have been prepared on the assumption that the Company and its subsidiaries will continue as a going concern, meaning it will continue in operation for the foreseeable future and will be able to realize assets and discharge liabilities in the ordinary course of operations. Different bases of measurement may be appropriate if the Company is not expected to continue operations for the foreseeable future. As at December 31, 2021, the Company had not advanced its properties to commercial production and is not able to finance day to day activities through operations. The Company’s continuation as a going concern is dependent upon its ability to generate funds from profitable operations and/or raise equity capital or borrowings sufficient to meet current and future obligations. The Company may require additional financing for the upcoming year in order to maintain its operations.

Significant Accounting Policies

Significant Accounting Policies and Basis of Preparation	12 Months Ended
	Dec. 31, 2021
Disclosure of Significant Accounting Policies and Basis of Preparation [Abstract]
Significant Accounting Policies and Basis of Preparation	NOTE 2 - Significant Accounting Policies and Basis of Preparation The following is a summary of significant accounting policies used in the preparation of these consolidated financial statements. Statement of compliance These consolidated financial statements, including comparatives, have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”) and Interpretations issued by the International Financial Reporting Interpretations Committee (“IFRIC”). Basis of presentation These consolidated financial statements of the Company have been prepared on an accrual basis and are based on historical costs, except for financial instruments measured at fair value. The consolidated financial statements are presented in Canadian dollars unless otherwise noted. Basis of consolidation These consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, JKR Gold Resources ULC, Gold Standard Ventures (US) Inc., Tacoma Exploration LLC, Battle Mountain Gold Inc., and Madison Enterprises (Nevada) Inc., from their dates of formation or acquisition. The Company’s Canadian subsidiaries are holding companies while its US subsidiaries are operating companies. All significant intercompany accounts and transactions between the Company and its subsidiaries have been eliminated upon consolidation. 10 GOLD STANDARD VENTURES CORP. Notes to Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian Dollars) NOTE 2 - Significant Accounting Policies and Basis of Preparation (continued) Foreign currency translation The functional currency of an entity is the currency of the primary economic environment in which the entity operates. The functional currency of the Company and each of its subsidiaries is the Canadian dollar. The functional currency determinations were conducted through an analysis of the consideration factors identified in IAS 21 – The Effects of Changes in Foreign Exchange Rates. Transactions in currencies other than Canadian dollars are recorded at exchange rates prevailing on the dates of the transactions. At the end of each reporting period, monetary assets and liabilities denominated in foreign currencies are translated at the period end exchange rate while non-monetary assets and liabilities are translated at historical rates. Revenues and expenses are translated at the exchange rates approximating those in effect on the date of the transactions. Exchange gains and losses arising on translation are included in profit or loss. Use of estimates The preparation of financial statements in conformity with IFRS requires management to make certain estimates, judgments and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported revenues and expenses during the year. Although management uses historical experience and its best knowledge of the amount, events or actions to form the basis for judgments and estimates, actual results may differ from these estimates. The most significant items that require estimates and judgements as the basis for determining the stated amounts include the uncertainty of COVID-19 pandemic, recoverability of exploration and evaluation assets, determination of functional currency, going concern, valuation of share-based compensation, recognition of deferred tax amounts, reclamation provisions, leases, and deferred revenue. Critical judgments exercised in applying accounting policies that have the most significant effect on the amounts recognized in the consolidated financial statements are as follows: Uncertainty of COVID-19 pandemic The COVID-19 pandemic has disrupted the normal operations of many businesses, including the Company’s. This pandemic could adversely affect and harm the Company’s business and results of operations. It is not possible to predict the duration or magnitude of the adverse results of COVID-19 and its effects on the Company’s business or results of operations at this time. Economic recoverability and probability of future economic benefits of exploration and evaluation assets Management has determined that exploration, evaluation, and related costs incurred which were capitalized may have future economic benefits and may be economically recoverable. Management uses several criteria in its assessments of economic recoverability and probability of future economic benefits including, geologic and other technical information, the quality and capacity of existing infrastructure facilities, evaluation of permitting and environmental issues and local support for the project. Determination of functional currency The Company determines the functional currency through an analysis of several indicators such as expenses and cash flow, financing activities, retention of operating cash flows, and frequency of transactions within the reporting entity. 11 GOLD STANDARD VENTURES CORP. Notes to Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian Dollars) NOTE 2 - Significant Accounting Policies and Basis of Preparation (continued) Use of estimates (continued) Going concern The financial statements have been prepared on a going concern basis, which assumes that the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The assessment of the Company’s ability to fund future operations and continue as a going concern involves judgement. Estimates and assumptions are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. If the going concern assumption is not appropriate for the financial statements, then adjustments may be necessary to the carrying value of assets and liabilities and the statement of financial position classifications used (Note 1). Information about assumptions and estimation uncertainties that have a significant risk of resulting in material adjustments are as follows: Valuation of share-based compensation The Company uses the Black-Scholes option pricing model for valuation of share-based compensation. Option pricing models require the input of subjective assumptions including expected price volatility, risk-free interest rate, and forfeiture rate. Changes in the input assumptions can materially affect the fair value estimate and the Company’s earnings and equity reserves. Income taxes In assessing the probability of realizing income tax assets, management makes estimates related to expectation of future taxable income, applicable tax opportunities, expected timing of reversals of existing temporary differences and the likelihood that tax positions taken will be sustained upon examination by applicable tax authorities. In making its assessments, management gives additional weight to positive and negative evidence that can be objectively verified. Reclamation provisions The Company’s reclamation provision represents management’s best estimate of the present value of the future cash outflows required to settle the obligation. Management assesses these provisions at the end of each reporting period or when new information becomes available. This assessment includes the estimation of the future reclamation costs, the timing of these expenditures, inflation, and the impact of changes in discount rates, interest rates and foreign exchange rates. The actual future expenditures may differ from the amounts currently provided if the estimates made are significantly different than actual results or if there are significant changes in environmental and/or regulatory requirements in the future. Valuation of right-of-use asset and lease liabilities The application of IFRS 16 requires the Company to make judgments that affect the valuation of the right-of-use assets and the valuation of lease liabilities. These include assessing lease agreements to determine the contract term and interest rate used for discounting of future cash flows. The lease term determined by the Company is comprised of the non-cancellable period of lease agreements, periods covered by an option to extend the lease if the Company is reasonably certain to exercise that option and periods covered by an option to terminate the lease if the Company is reasonably certain not to exercise that option. The present value of the lease payment is determined using a discount rate representing the rate of a commercial mortgage rate, observed in the period when the lease agreement commences or is modified. 12 GOLD STANDARD VENTURES CORP. Notes to Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian Dollars) NOTE 2 - Significant Accounting Policies and Basis of Preparation (continued) Use of estimates (continued) Deferred revenue The Company entered into a silver streaming arrangement (“Silver Stream”) with OMF Fund III (HG) Ltd. (“Orion”) on October 29, 2020. The upfront payment for the Silver Stream discussed in Note 7 has been accounted for as deferred revenue, as management has determined that the agreement is not a derivative as it will be satisfied through the delivery of non-financial items (i.e. silver commodity from the Company’s potential future production), rather than cash or financial assets. A market-based discount rate is utilized at the inception of the stream agreement to determine a discount rate for computing the interest charges for the significant financing component of the deferred revenue balance. As product is delivered, the deferred revenue amount including accreted interest will be drawn down. The drawdown rate requires the use of proven and probable reserves and certain resources in the calculation that are beyond indicated and inferred resources which management is reasonably confident are transferable to proven and probable reserves. Key estimates used in determining the significant financing component include the discount rate and the reserve and resources assumed for conversion. Financial instruments Financial assets On initial recognition, financial assets are recognized at fair value and are subsequently classified and measured at: (i) amortized cost; (ii) fair value through other comprehensive income (“FVOCI”); or (iii) fair value through profit or loss (“FVTPL”). The classification of financial assets is generally based on the business model in which a financial asset is managed and its contractual cash flow characteristics. A financial asset is measured at fair value net of transaction costs that are directly attributable to its acquisition except for financial assets at FVTPL where transaction costs are expensed. All financial assets not classified and measured at amortized cost or FVOCI are classified as FVTPL. On initial recognition of an equity instrument that is not held for trading, the Company may irrevocably elect to present subsequent changes in the investment’s fair value in other comprehensive income/loss. The classification determines the method by which the financial assets are carried on the statement of financial position subsequent to inception and how changes in value are recorded. Cash, receivables and reclamation bonds are measured at amortized cost with subsequent impairments recognized in profit or loss. Impairment An ‘expected credit loss’ impairment model applies which requires a loss allowance to be recognized based on expected credit losses. The estimated present value of future cash flows associated with the asset is determined and an impairment loss is recognized for the difference between this amount and the carrying amount as follows: the carrying amount of the asset is reduced to estimated present value of the future cash flows associated with the asset, discounted at the financial asset’s original effective interest rate, either directly or through the use of an allowance account and the resulting loss is recognized in profit or loss for the period. In a subsequent period, if the amount of the impairment loss related to financial assets measured at amortized cost decreases, the previously recognized impairment loss is reversed through profit or loss to the extent that the carrying amount of the investment at the date the impairment is reversed does not exceed what the amortized cost would have been had the impairment not been recognized. Financial liabilities Financial liabilities are designated as either: (i) fair value through profit or loss; or (ii) amortized cost. All financial liabilities are classified and subsequently measured at amortized cost except for financial liabilities at FVTPL. The classification determines the method by which the financial liabilities are carried on the statement of financial position subsequent to inception and how changes in value are recorded. Accounts payable and accrued liabilities are classified and carried on the statement of financial position at amortized cost. As at December 31, 2021, the Company does not have any derivative financial liabilities. 13 GOLD STANDARD VENTURES CORP. Notes to Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian Dollars) NOTE 2 - Significant Accounting Policies and Basis of Preparation (continued) Exploration and evaluation assets Costs incurred on mineral resource properties before the Company has acquired the right to explore those properties are expensed as incurred. Costs directly related to the acquisition and exploration of exploration and evaluation assets are capitalized once the legal rights to explore the exploration and evaluation assets are acquired or obtained. When the technical and commercial viability of a mineral resource has been demonstrated and a development decision has been made, the capitalized costs of the related property are first tested for impairment, then transferred to mining assets and depreciated using the units of production method on commencement of commercial production. If it is determined that capitalized acquisition, exploration and evaluation costs are not recoverable, or the property is abandoned or management has determined an impairment in value, the property is written down to its recoverable amount. Exploration and evaluation assets are reviewed for impairment when facts and circumstances suggest that the carrying amount may exceed its recoverable amount. Restoration and environmental obligations The Company recognizes liabilities for statutory, contractual, constructive or legal obligations associated with the retirement of long-term assets, when those obligations result from the acquisition, construction, development or normal operation of the assets. The net present value of future restoration cost estimates arising from the decommissioning of plant and other site preparation work is capitalized to exploration and evaluation assets along with a corresponding increase in the restoration provision in the period incurred. Discount rates using a pre-tax rate that reflect the time value of money are used to calculate the net present value. The restoration asset will be depreciated on the same basis as the related assets. The Company’s estimates of restoration costs could change as a result of changes in regulatory requirements, discount rates and assumptions regarding the amount and timing of the future expenditures. These changes are recorded directly to the related asset with a corresponding entry to the restoration provision. The Company’s estimates are reviewed annually for changes in regulatory requirements, discount rates, effects of inflation and changes in estimates. Changes in the net present value, excluding changes in amount and timing of the Company’s estimates of reclamation costs, are charged to profit or loss for the period. The net present value of restoration costs arising from subsequent site damage that is incurred on an ongoing basis during production are charged to profit or loss in the period incurred. Leases At inception of a contract, the Company assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The Company assesses whether the contract involves the use of an identified asset, whether the right to obtain substantially all of the economic benefits from use of the asset during the term of the arrangement exists, and if the Company has the right to direct the use of the asset. At inception or on reassessment of a contract that contains a lease component, the Company allocates the consideration in the contract to each lease component on the basis of their relative standalone prices. As a lessee, the Company recognizes a right-of-use asset and a lease liability at the commencement date of a lease. The right-of-use asset is initially measured at cost, which is comprised of the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any decommissioning and restoration costs, less any lease incentives received. The right-of-use asset is subsequently depreciated using the straight line method from the commencement date to the earlier of the end of the lease term, or the end of the useful life of the asset. In addition, the right-of-use asset may be reduced due to impairment losses, if any, and adjusted for certain remeasurements of the lease liability. 14 GOLD STANDARD VENTURES CORP. Notes to Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian Dollars) NOTE 2 - Significant Accounting Policies and Basis of Preparation (continued) Leases (continued) A lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted by the interest rate implicit in the lease, or if that rate cannot be readily determined, the incremental borrowing rate. Lease payments included in the measurement of the lease liability are comprised of: • fixed payments, including in-substance fixed payments, less any lease incentives receivable; • variable lease payments that depend on an index or a rate, initially measured using the index or rate as at the commencement date; • amounts expected to be payable under a residual value guarantee; • exercise prices of purchase options if the Company is reasonably certain to exercise that option; and • payments of penalties for terminating the lease, if the lease term reflects the lessee exercising an option to terminate the lease. The lease liability is measured at amortized cost using the effective interest method. It is remeasured when there is a change in future lease payments arising from a change in an index or rate, or if there is a change in the estimate or assessment of the expected amount payable under a residual value guarantee, purchase, extension or termination option. Variable lease payments not included in the initial measurement of the lease liability are charged directly to profit or loss. The Company has elected not to recognize right-of-use assets and lease liabilities for short-term leases that have a lease term of 12 months or less and leases of low-value assets. The lease payments associated with these leases are charged directly to profit or loss on a straight-line basis over the lease term. Share-based compensation The Company operates an employee stock option plan and a restricted share unit award plan. Share-based compensation to employees is measured at the fair value of the instruments issued and amortized over the vesting periods. Share-based compensation to non-employees is measured at the fair value of goods or services received or the fair value of the equity instruments issued, if it is determined the fair value of the goods or services cannot be reliably measured, and are recorded at the date the goods or services are received. The corresponding amount is recorded to reserves. The fair value of options is determined using the Black–Scholes pricing model which incorporates all market vesting conditions and the fair value of restricted share units is determined using the fair value on grant date. The number of shares and options expected to vest is reviewed and adjusted at the end of each reporting period such that the amount recognized for services received as consideration for the equity instruments granted shall be based on the number of equity instruments that eventually vest. When vested options are forfeited or are not exercised at the expiry date, the amount previously recognized in share-based compensation is transferred to deficit. Property and equipment Property and equipment are stated at historical cost less accumulated depreciation and accumulated impairment losses. Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of any replaced parts is derecognized. All other repairs and maintenance are charged to profit or loss during the fiscal period in which they are incurred. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognized in profit or loss. Depreciation is calculated using a straight-line or a declining balance method to write off the cost of the assets. 15 GOLD STANDARD VENTURES CORP. Notes to Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian Dollars) NOTE 2 - Significant Accounting Policies and Basis of Preparation (continued) Deferred revenue The Company recognizes deferred revenue in the event it receives payments from customers in consideration for future commitments to deliver metals and before such sale meets the criteria for revenue recognition. The Company will recognize amounts in revenue as the metals are delivered to the customer. Specifically, for the metal agreement entered into with Orion, the Company will determine the amortization of deferred revenue to the consolidated statement of income (loss) on a per unit basis using the estimated total quantity of metal expected to be delivered to Orion over the term of the mine life of the Company’s potential future production. There is a significant financing component associated with the Silver Stream as funds were received in advance of the delivery of concentrate. When a significant financing component is recognized, finance expense will be higher and revenues will be higher as the larger deferred revenue balance is amortized to revenues. Income taxes Current income tax: Current income tax assets and liabilities for the current period are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting date, in the country where the Company operates and generates taxable income. Current income tax relating to items recognized directly in other comprehensive income (loss) or equity is recognized in other comprehensive income (loss) or equity and not in profit or loss. Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate. Deferred income tax: Deferred income tax is provided for, based on temporary differences at the reporting date between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes. The carrying amount of deferred income tax assets is reviewed at the end of each reporting period and recognized only to the extent that it is probable that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be utilized. Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred income tax assets and deferred income tax liabilities are offset, if a legally enforceable right exists to set off current tax assets against current income tax liabilities and the deferred income taxes relate to the same taxable entity and the same taxation authority. Impairment of non-financial assets The carrying amount of the Company’s non-financial assets (which includes property and equipment and exploration and evaluation assets) is reviewed at each reporting date to determine whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss. An impairment loss is recognized whenever the carrying amount of an asset or its cash generating unit exceeds its recoverable amount. Impairment losses are recognized in profit or loss. Assets that have an indefinite useful life are not subject to amortization and are tested annually for impairment. 16 GOLD STANDARD VENTURES CORP. Notes to Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian Dollars) NOTE 2 - Significant Accounting Policies and Basis of Preparation (continued) Impairment of non-financial assets (continued) The recoverable amount of an asset is the greater of an asset’s fair value less cost to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects the current market assessments of the time value of money and the risks specific to the asset. For an asset that does not generate cash inflows largely independent of those from other assets, the recoverable amount is determined for the cash-generating unit to which the asset belongs. An impairment loss is only reversed if there is an indication that the impairment loss may no longer exist and there has been a change in the estimates used to determine the recoverable amount, however, not to an amount higher than the carrying amount that would have been determined had no impairment loss been recognized in previous years. Loss per share Basic earnings (loss) per share is computed by dividing net earnings (loss) available to common shareholders by the weighted average number of shares outstanding during the reporting period. Diluted earnings (loss) per share is computed similar to basic earnings (loss) per share except that the weighted average shares outstanding are increased to include additional shares for the assumed exercise of stock options and warrants, if dilutive. The number of additional shares is calculated by assuming that outstanding stock options and warrants were exercised and that the proceeds from such exercises were used to acquire common stock at the average market price during the reporting periods. Potentially dilutive options excluded from diluted loss per share totalled 14,387,413 (2020 – 10,648,362). Standards issued or amended but not yet effective The Company has not applied the following revised IFRS that has been issued but was not yet effective at December 31, 2021. This accounting standard is not currently expected to have a significant effect on the Company’s accounting policies or financial statements. • IAS 16, Property, Plant and Equipment - Proceeds before Intended Use

Exploration and Evaluation Asse

Exploration and Evaluation Assets	12 Months Ended
	Dec. 31, 2021
Disclosure of Exploration and Evaluation Assets [Abstract]
Exploration and Evaluation Assets	NOTE 3 – Exploration and Evaluation Assets Expenditures for the years related to exploration and evaluation assets located in Nevada, USA were as follows: Railroad- Pinion Lewis Gold Project Project Total $ $ $ Balance as at December 31, 2019 181,996,057 39,334,874 221,330,931 Claim maintenance fees 399,726 90,729 490,455 Consulting 1,068,158 16,934 1,085,092 Data Analysis 274,113 - 274,113 Drilling 8,771,435 - 8,771,435 Economic assessments 1,259,910 - 1,259,910 Engineering 147,665 - 147,665 Environmental and permitting 1,872,415 57,798 1,930,213 Equipment rental 193,709 - 193,709 Geological 39,442 - 39,442 Geotechnical 484,804 - 484,804 Hydrology 394,116 - 394,116 Lease payments 1,579,111 122,099 1,701,210 Metallurgy 749,040 - 749,040 Provision for site reclamation 1,078,871 - 1,078,871 Sampling and processing 771,180 - 771,180 Site development and reclamation 2,828,830 2,494 2,831,324 Supplies 493,281 - 493,281 Vehicle 38,316 - 38,316 22,444,122 290,054 22,734,176 Balance as at December 31, 2020 204,440,179 39,624,928 244,065,107 18 GOLD STANDARD VENTURES CORP. Notes to Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian Dollars) NOTE 3 - Exploration and Evaluation Assets (continued) Railroad- Pinion Lewis Gold Project Project Total $ $ $ Balance as at December 31, 2020 204,440,179 39,624,928 244,065,107 NSR buydown 2,456,400 - 2,456,400 Exploration expenses Claim maintenance fees 361,599 82,203 443,802 Consulting 2,191,872 49,284 2,241,156 Data analysis 34,794 - 34,794 Drilling 3,637,829 - 3,637,829 Economic assessment 880,108 - 880,108 Engineering 1,158,663 - 1,158,663 Environmental and permitting 1,561,447 12,753 1,574,200 Equipment rental 77,668 - 77,668 Geotechnical 35,463 - 35,463 Hydrology 1,049,337 - 1,049,337 Lease payments 1,617,229 122,611 1,739,840 Metallurgy 818,703 - 818,703 Provision for site reclamation 22,015 - 22,015 Sampling and processing 1,057,874 - 1,057,874 Site development and reclamation 1,674,126 - 1,674,126 Supplies 256,795 786 257,581 18,891,922 267,637 19,159,559 Balance as at December 31, 2021 223,332,101 39,892,565 263,224,666 Railroad-Pinion Project The Railroad-Pinion project is located in Elko County, Nevada, USA. During the period from August 2009 to December 2020, the Company entered into various agreements to acquire or lease certain claims, properties and surface rights subject to net smelter return royalties (“NSR”) ranging between 1% and 5%. As well, certain claims are subject to a 1.5% mineral production royalty. The agreements are subject to specific lease terms, extension options, back-in rights, buy down or purchase provisions, and work commitments. In April 2021, the Company purchased a NSR on certain claims within the Railroad-Pinion project for US$2,000,000. 19 GOLD STANDARD VENTURES CORP. Notes to Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian Dollars) NOTE 3 - Exploration and Evaluation Assets (continued) Payment requirements from 2022 to 2026 under agreements are approximately as follows: Total Total Work Lease commitment payment Total US$ US$ US$ 2022 1,400,000 1,111,000 2,511,000 2023 1,300,000 1,065,000 2,365,000 2024 1,300,000 676,000 1,976,000 2025 1,300,000 676,000 1,976,000 2026 1,300,000 688,000 1,988,000 6,600,000 4,216,000 10,816,000 Lewis Gold Project During the year ended December 31, 2017, the Company acquired a 100% right, title and interest in mining claims located in the Battle Mountain Mining District in Lander County, Nevada, USA (the “Lewis Gold Project”). The Lewis Gold Project is subject to an advance minimum annual royalty in the amount of US$60,000 in cash, which is subject to an annual escalation based upon a defined consumer price index. The advance minimum royalty payments are to be credited against any production royalty payable in the same year. Production royalties include a 3.5% NSR for gold and silver and a 4% NSR for other minerals such as lead, zinc, and copper.

Reclamation Bonds

Reclamation Bonds	12 Months Ended
	Dec. 31, 2021
Disclosure of Reclamation Bonds [Abstract]
Reclamation Bonds	NOTE 4 - Reclamation Bonds In relation to its exploration and evaluation assets, the Company has posted reclamation bonds as at December 31, 2021 of $3,484,948 (US$2,748,815) (2020 - $3,499,646 (US$2,747,965)).

Right-of-Use Assets and Lease L

Right-of-Use Assets and Lease Liabilities	12 Months Ended
	Dec. 31, 2021
Presentation of leases for lessee [abstract]
Right-of-Use Assets and Lease Liabilities	NOTE 5 – Right-of-Use Assets and Lease Liabilities Right-of-Use Assets Office Leases Cost: $ At December 31, 2019 and 2020 934,659 Addition: Lease amendment 76,502 At December 31, 2021 1,011,161 Depreciation: At December 31, 2019 203,850 Charge for the year 203,850 At December 31, 2020 407,700 Charge for the year 202,434 At December 31, 2021 610,134 Net book value: At December 31, 2020 526,959 At December 31, 2021 401,027 20 GOLD STANDARD VENTURES CORP. Notes to Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian Dollars) NOTE 5 – Right-of-Use Assets and Lease Liabilities (continued) Lease Liabilities $ At December 31, 2019 729,878 Lease payments made (213,254 ) Interest expense on lease liabilities 48,572 Foreign exchange adjustment (921 ) At December 31, 2020 564,275 Lease payments made (214,451 ) Interest expense on lease liabilities 34,697 Addition: Lease amendment 31,376 Foreign exchange adjustment (2,279 ) 413,618 Less: current portion (151,511 ) At December 31, 2021 262,107 The remaining minimum future lease payments, excluding estimated operating costs, for the term of the lease including assumed renewal periods are as follows: $ Fiscal 2022 175,032 Fiscal 2023 74,119 Fiscal 2024 77,186 Fiscal 2025 and beyond 149,261

Accounts Payable and Accrued Li

Accounts Payable and Accrued Liabilities	12 Months Ended
	Dec. 31, 2021
Disclosure of Accounts Payable and Accrued Liabilities [Abstract]
Accounts Payable and Accrued Liabilities	NOTE 6 – Accounts Payable and Accrued Liabilities December 31, 2021 December 31, 2020 $ $ Accounts payable 562,032 2,573,208 Accrued liabilities 1,469,333 1,511,021 Government assistance 60,000 40,000 2,091,365 4,124,229

Deferred Revenue

Deferred Revenue	12 Months Ended
	Dec. 31, 2021
Disclosure of Accounts Payable and Accrued Liabilities [Abstract]
Deferred Revenue	NOTE 7 – Deferred Revenue On October 29, 2020, the Company entered into a silver streaming arrangement (“Silver Stream”) with OMF Fund III (HG) Ltd. (“Orion”), whereby Orion made an upfront cash payment of US$2,000,000, pursuant to which the Company will deliver to Orion 100% of the silver production from the potential South Railroad mine over the life of mine. Orion will pay an ongoing cash purchase price equal to 15% of the prevailing silver price at the time of delivery. The upfront payment for the Silver Stream has been accounted for as deferred revenue as the agreement will be satisfied through the delivery of non-financial items (i.e. silver commodity from the Company’s production), rather than cash or financial assets. The drawdown of the deferred revenue will be credited to future sales in the corresponding period. $ Deferred revenue proceeds 2,594,000 Accretion expense 36,556 Foreign exchange adjustment (48,437 ) Balance as at December 31, 2020 2,582,119 Accretion expense 200,025 Foreign exchange adjustment 48,437 Balance as at December 31, 2021 2,830,581

Provision for Site Reclamation

Provision for Site Reclamation	12 Months Ended
	Dec. 31, 2021
Provision For Site Reclamation
Provision for Site Reclamation	NOTE 8 – Provision for Site Reclamation The Company recorded a provision for the estimated cost of site reclamation relating to exploration activities at its Railroad-Pinion Project. As at December 31, 2021, the Company used an inflation rate of 2.16% (2020 – 2.16%) and an average discount rate of 3.08% (2020 – 3.09%) in calculating the estimated obligation. The undiscounted uninflated value of the cash flows required to settle the provision is approximately $2,180,373 and is expected to be incurred over the next 17 years. Railroad-Pinion Project $ Balance as at December 31, 2019 964,960 Change in estimate 1,078,871 Foreign exchange adjustment (71,958 ) Accretion expense for the year 13,648 Balance as at December 31, 2020 1,985,521 Change in estimate 22,015 Foreign exchange adjustment (8,064 ) Accretion expense for the year 19,377 Balance as at December 31, 2021 2,018,849

Share Capital and Reserves

Share Capital and Reserves	12 Months Ended
	Dec. 31, 2021
Disclosure of classes of share capital [abstract]
Share Capital and Reserves	NOTE 9 - Share Capital and Reserves Authorized Share Capital Unlimited number of common shares without par value. Issued Share Capital During the year ended December 31, 2020, the Company: • issued 436,785 common shares of the Company at a weighted average value of $1.26 per share in connection to the vesting of restricted share units. • closed non-brokered private placements and issued 7,619,191 shares of the Company for gross proceeds of $7,804,150, and incurred share issuance costs of $7,614. • issued 2,325,000 common shares on the exercise of stock options for proceeds of $1,715,250. • issued 30,097,478 common shares for gross proceeds totalling $30,549,337, and incurred cash commission and expenses of $1,469,088 under an at-the-market equity program. During the year ended December 31, 2021, the Company: • issued 748,911 common shares of the Company at a weighted average value of $1.33 per share in connection to the vesting of restricted share units. • completed an underwritten public offering financing and issued 39,215,000 common shares of the Company at a price of $0.88 per share for gross proceeds totalling $34,509,200, and incurred cash commissions and expenses of $2,213,254. Share Purchase Warrants There were no share purchase warrants outstanding as at December 31, 2020 and 2021 Stock Options During the year ended December 31, 2020, the Company granted a total of 3,830,306 stock options exercisable for up to five years with an aggregate grant date fair value of $1,720,964. The Company expensed a total of $1,231,724 as share-based compensation related to stock options during the year ended December 31, 2020. During the year ended December 31, 2021, the Company granted a total of 7,010,085 stock options exercisable for up to five years with an aggregate grant date fair value of $2,683,468. The Company expensed a total of $1,918,228 as share-based compensation related to stock options during the year ended December 31, 2021. The fair value of options granted is estimated on the grant date using the Black-Scholes option pricing model using the following weighted average variables: For the year ended December 31, 2021 2020 Risk-free interest rate 0.40% 0.92% Expected option life in years 4 years 4 years Expected stock price volatility 60% 58% Expected dividend rate 0% 0% 23 GOLD STANDARD VENTURES CORP. Notes to Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian Dollars) NOTE 9 - Share Capital and Reserves (continued) Stock Options (continued) A summary of stock option activities is as follows: Number of Weighted average options exercise price $ Outstanding at December 31, 2019 10,338,720 1.76 Exercised (2,325,000 ) 0.74 Granted 3,830,306 0.97 Expired/Cancelled (1,195,664 ) 1.72 Outstanding at December 31, 2020 10,648,362 1.70 Exercised - - Granted 7,010,085 0.84 Expired/Cancelled (3,271,034 ) 1.68 Outstanding at December 31, 2021 14,387,413 1.29 A summary of the stock options outstanding and exercisable at December 31, 2021 is as follows: Exercise Number Number Price Outstanding Exercisable Expiry Date $ 2.24 325,000 325,000 June 1, 2022 2.12 1,209,890 1,209,890 August 1, 2022 2.25 600,000 600,000 September 12, 2022 1.96 100,000 100,000 January 15, 2022 2.11 1,672,678 1,672,678 March 5, 2023 1.74 1,119,115 1,119,115 January 31, 2024 1.05 1,399,773 933,184 January 30, 2025 1.02 40,000 26,666 September 23, 2025 0.854 1,600,000 666,667 December 2, 2025 0.91 50,000 33,333 December 4, 2025 0.927 1,450,000 - January 4, 2026 0.84 2,964,627 - January 21, 2026 0.886 316,330 - January 29, 2026 0.797 550,000 - March 4, 2026 0.78 10,000 - March 15, 2026 0.74 80,000 - May 31, 2026 0.73 900,000 - June 9, 2026 14,387,413 6,686,533 The stock option reserve records items recognized as share-based compensation expense until such time that the stock options are exercised, at which time the corresponding amount will be transferred to share capital. If vested options expire unexercised or are forfeited, the amount recorded is transferred to deficit. 24 GOLD STANDARD VENTURES CORP. Notes to Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian Dollars) NOTE 9 - Share Capital and Reserves (continued) Restricted Share Units (“RSUs”) During the year ended December 31, 2020, the Company granted 1,220,016 RSUs to certain officers and directors with a fair value of $1,266,380. The Company expensed a total of $1,246,676 as share-based compensation related to RSUs during the year ended December 31, 2020. During the year ended December 31, 2021, the Company granted 2,615,873 RSUs to certain officers and directors with a fair value of $2,251,845. The Company cancelled 219,824 RSUs and the fair value of $67,436 attributable to these RSUs was transferred from reserves to deficit. In addition, the Company expensed a total of $1,775,046 as share-based compensation related to RSUs during the year ended December 31, 2021. A summary of restricted share unit activities is as follows: Number of RSUs Outstanding at December 31, 2019 963,348 Vested (436,785 ) Granted 1,220,016 Outstanding at December 31, 2020 1,746,579 Vested (748,913 ) Cancelled (219,824 ) Granted 2,615,873 Outstanding at December 31, 2021 3,393,715

Segmented Information

Segmented Information	12 Months Ended
	Dec. 31, 2021
Disclosure of operating segments [abstract]
Segmented Information	NOTE 10 - Segmented Information The Company has one operating segment, being the acquisition and exploration of exploration and evaluation assets. Geographic information is as follows: As at December 31, 2020 Canada US Total $ $ $ Reclamation bonds - 3,499,646 3,499,646 Property and equipment 2,736 172,200 174,936 Exploration and evaluation assets - 244,065,107 244,065,107 Right-of-use assets 304,213 222,746 526,959 306,949 247,959,699 248,266,648 As at December 31, 2021 Canada US Total $ $ $ Reclamation bonds - 3,484,948 3,484,948 Property and equipment 1,231 69,044 70,275 Exploration and evaluation assets - 263,224,666 263,224,666 Right-of-use assets 311,929 89,098 401,027 313,160 266,867,756 267,180,916

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2021
Related party transactions [abstract]
Related Party Transactions	NOTE 11 - Related Party Transactions During the year ended December 31, 2021, the Company entered into the following transactions with related parties, not disclosed elsewhere in these financial statements: i. As at December 31, 2020, $ Summary of key management personnel compensation: Key management personnel includes those persons having authority and responsibility for planning, directing, and controlling the activities of the Company as a whole. The Company has determined that key management personnel consists of members of the Board and corporate officers, including the Company’s Chief Executive Officer and Chief Financial Officer. For the year ended December 31, 2021 2020 $ $ Salaries and fees 2,165,459 1,838,945 Termination payments 1 1,287,509 1,199,899 Share-based compensation 3,004,246 2,053,092 6,457,214 5,091,936 (1) During 2020, the Company paid termination benefits of $1,199,899 to the former President and Chief Executive Officer. During 2021, the Company paid termination benefits of $782,000 and $405,509 to the former Vice President - General Counsel and Corporate Secretary, and the former Chief Financial Officer, respectively.

Capital Disclosure and Manageme

Capital Disclosure and Management	12 Months Ended
	Dec. 31, 2021
Disclosure of capital disclosure and Management [Abstract]
Capital Disclosure and Management	NOTE 12 - Capital Disclosure and Management The Company considers its capital structure to include the components of shareholders’ equity. Management’s objective is to ensure that there is sufficient capital to minimize liquidity risk and to continue as a going concern. As an exploration stage company, the Company is currently unable to self-finance its operations. Although the Company has been successful in the past in obtaining financing through the sale of equity securities, there can be no assurance that the Company will be able to obtain adequate financing in the future, or that the terms of such financings will be favourable. The Company’s share capital is not subject to any external restrictions and the Company did not change its approach to capital management during the year.

Financial Instruments and Risk

Financial Instruments and Risk Management	12 Months Ended
	Dec. 31, 2021
Disclosure of detailed information about financial instruments [abstract]
Financial Instruments and Risk Management	NOTE 13 - Financial Instruments and Risk Management Financial instruments measured at fair value are classified into one of three levels in the fair value hierarchy according to the relative reliability of the inputs used to estimate the fair values. The three levels of the fair value hierarchy are: • Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities; • Level 2 – Inputs other than quoted prices that are observable for the asset or liability either directly or indirectly; and • Level 3 – Inputs that are not based on observable market data. The Company’s financial instruments consist of cash, receivables, reclamation bonds, and accounts payable and accrued liabilities. The fair value of these financial instruments, approximates their carrying values due to the short-term nature of these instruments. The Company is exposed to a variety of financial risks by virtue of its activities including currency, credit, interest rate, liquidity, and commodity price. a) Currency risk The Company conducts exploration and evaluation activities in the United States. As such, it is subject to risk due to fluctuations in the exchange rates for the Canadian and US dollars. As at December 31, 2021, the Company had a foreign currency net monetary asset position of approximately US$12,018,000. Each 1% change in the US dollar relative to the Canadian dollar will result in a foreign exchange gain/loss of approximately $120,180. b) Credit risk Credit risk is the risk of financial loss to the Company if a counterparty to a financial instrument fails to meet its contractual obligations. The Company’s cash is held in large Canadian and U.S. financial institutions and the Company considers this risk to be remote. c) Interest rate risk Interest rate risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company is exposed to limited interest rate risk as it only holds cash and highly liquid short-term investments. 27 GOLD STANDARD VENTURES CORP. Notes to Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian Dollars) NOTE 13 - Financial Instruments and Risk Management (continued) d) Liquidity risk Liquidity risk is the risk that the Company will not be able to meet its obligations as they come due. The Company’s ability to continue as a going concern is dependent on management’s ability to raise the required capital through future equity or debt issuances. The Company manages its liquidity risk by forecasting cash flows from operations and anticipating any investing and financing activities. Management and the Board are actively involved in the review, planning, and approval of significant expenditures and commitments. The Company is exposed to liquidity risk. e) Commodity price risk The ability of the Company to raise funds to explore and develop its exploration and evaluation assets and the future profitability of the Company are directly related to the price of gold. The Company monitors gold prices to determine the appropriate course of action to be taken.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Major components of tax expense (income) [abstract]
Income Taxes	NOTE 14 – Income Taxes The reconciliation of the combined Canadian federal and provincial income tax rate to the income tax recovery presented in the accompanying statements of comprehensive loss is provided below: Years ended December 31, 2021 2020 $ $ Loss before income taxes (10,957,596 ) (10,740,593 ) Expected income tax recovery at statutory tax rates (2,959,000 ) (2,900,000 ) Impact of different statutory tax rates on earnings of subsidiaries 100,000 10,000 Change in statutory, foreign tax rates and other (37,000 ) (189,000 ) Foreign exchange 966,000 964,000 Non-deductible expenditures 293,000 687,000 Share issuance costs (598,000 ) (399,000 ) Adjustment in prior years provision statutory tax returns and expiry of non-capital losses 238,000 118,000 Change in unrecognized deductible temporary differences and others 1,997,000 1,709,000 Total - - Significant components of deferred tax assets that have not been recognized are as follows: As of December 31, 2021 2020 $ $ Share issuance costs 1,073,000 936,000 Non-capital losses 19,352,000 17,308,000 Provision for site reclamation 424,000 417,000 Allowable capital losses 210,000 229,000 Property and equipment 181,000 159,000 Exploration and evaluation assets 2,502,000 2,641,000 Total 23,742,000 21,690,000 Significant components of unrecognized deductible temporary differences and unused tax losses that have not been recognized on the statements of financial position are as follows: As of December 31, 2021 Expiry dates 2020 Expiry dates $ $ Share issuance costs 3,975,000 2021 to 2024 3,468,000 2021 to 2024 Non-capital losses 79,826,000 2027 to 2039 71,328,000 2027 to 2040 Provision for site reclamation 2,019,000 No Expiry 1,986,000 No Expiry Capital losses 779,000 No Expiry 849,000 No Expiry Property and equipment 724,000 No Expiry 622,000 No Expiry Exploration and evaluation assets 9,663,000 No Expiry 11,062,000 No Expiry Tax attributes are subject to review, and potential adjustment, by tax authorities.

Significant Accounting Polici_2

Significant Accounting Policies and Basis of Preparation (Policies)	12 Months Ended
	Dec. 31, 2021
Disclosure of Significant Accounting Policies and Basis of Preparation [Abstract]
Statement of compliance	Statement of compliance These consolidated financial statements, including comparatives, have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”) and Interpretations issued by the International Financial Reporting Interpretations Committee (“IFRIC”).
Basis of presentation	Basis of presentation These consolidated financial statements of the Company have been prepared on an accrual basis and are based on historical costs, except for financial instruments measured at fair value. The consolidated financial statements are presented in Canadian dollars unless otherwise noted.
Basis of consolidation	Basis of consolidation These consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, JKR Gold Resources ULC, Gold Standard Ventures (US) Inc., Tacoma Exploration LLC, Battle Mountain Gold Inc., and Madison Enterprises (Nevada) Inc., from their dates of formation or acquisition. The Company’s Canadian subsidiaries are holding companies while its US subsidiaries are operating companies. All significant intercompany accounts and transactions between the Company and its subsidiaries have been eliminated upon consolidation.
Foreign currency translation	Foreign currency translation The functional currency of an entity is the currency of the primary economic environment in which the entity operates. The functional currency of the Company and each of its subsidiaries is the Canadian dollar. The functional currency determinations were conducted through an analysis of the consideration factors identified in IAS 21 – The Effects of Changes in Foreign Exchange Rates. Transactions in currencies other than Canadian dollars are recorded at exchange rates prevailing on the dates of the transactions. At the end of each reporting period, monetary assets and liabilities denominated in foreign currencies are translated at the period end exchange rate while non-monetary assets and liabilities are translated at historical rates. Revenues and expenses are translated at the exchange rates approximating those in effect on the date of the transactions. Exchange gains and losses arising on translation are included in profit or loss.
Use of estimates	Use of estimates The preparation of financial statements in conformity with IFRS requires management to make certain estimates, judgments and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported revenues and expenses during the year. Although management uses historical experience and its best knowledge of the amount, events or actions to form the basis for judgments and estimates, actual results may differ from these estimates. The most significant items that require estimates and judgements as the basis for determining the stated amounts include the uncertainty of COVID-19 pandemic, recoverability of exploration and evaluation assets, determination of functional currency, going concern, valuation of share-based compensation, recognition of deferred tax amounts, reclamation provisions, leases, and deferred revenue. Critical judgments exercised in applying accounting policies that have the most significant effect on the amounts recognized in the consolidated financial statements are as follows: Uncertainty of COVID-19 pandemic The COVID-19 pandemic has disrupted the normal operations of many businesses, including the Company’s. This pandemic could adversely affect and harm the Company’s business and results of operations. It is not possible to predict the duration or magnitude of the adverse results of COVID-19 and its effects on the Company’s business or results of operations at this time. Economic recoverability and probability of future economic benefits of exploration and evaluation assets Management has determined that exploration, evaluation, and related costs incurred which were capitalized may have future economic benefits and may be economically recoverable. Management uses several criteria in its assessments of economic recoverability and probability of future economic benefits including, geologic and other technical information, the quality and capacity of existing infrastructure facilities, evaluation of permitting and environmental issues and local support for the project. Determination of functional currency The Company determines the functional currency through an analysis of several indicators such as expenses and cash flow, financing activities, retention of operating cash flows, and frequency of transactions within the reporting entity. 11 GOLD STANDARD VENTURES CORP. Notes to Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian Dollars) NOTE 2 - Significant Accounting Policies and Basis of Preparation (continued) Use of estimates (continued) Going concern The financial statements have been prepared on a going concern basis, which assumes that the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The assessment of the Company’s ability to fund future operations and continue as a going concern involves judgement. Estimates and assumptions are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. If the going concern assumption is not appropriate for the financial statements, then adjustments may be necessary to the carrying value of assets and liabilities and the statement of financial position classifications used (Note 1). Information about assumptions and estimation uncertainties that have a significant risk of resulting in material adjustments are as follows: Valuation of share-based compensation The Company uses the Black-Scholes option pricing model for valuation of share-based compensation. Option pricing models require the input of subjective assumptions including expected price volatility, risk-free interest rate, and forfeiture rate. Changes in the input assumptions can materially affect the fair value estimate and the Company’s earnings and equity reserves. Income taxes In assessing the probability of realizing income tax assets, management makes estimates related to expectation of future taxable income, applicable tax opportunities, expected timing of reversals of existing temporary differences and the likelihood that tax positions taken will be sustained upon examination by applicable tax authorities. In making its assessments, management gives additional weight to positive and negative evidence that can be objectively verified. Reclamation provisions The Company’s reclamation provision represents management’s best estimate of the present value of the future cash outflows required to settle the obligation. Management assesses these provisions at the end of each reporting period or when new information becomes available. This assessment includes the estimation of the future reclamation costs, the timing of these expenditures, inflation, and the impact of changes in discount rates, interest rates and foreign exchange rates. The actual future expenditures may differ from the amounts currently provided if the estimates made are significantly different than actual results or if there are significant changes in environmental and/or regulatory requirements in the future. Valuation of right-of-use asset and lease liabilities The application of IFRS 16 requires the Company to make judgments that affect the valuation of the right-of-use assets and the valuation of lease liabilities. These include assessing lease agreements to determine the contract term and interest rate used for discounting of future cash flows. The lease term determined by the Company is comprised of the non-cancellable period of lease agreements, periods covered by an option to extend the lease if the Company is reasonably certain to exercise that option and periods covered by an option to terminate the lease if the Company is reasonably certain not to exercise that option. The present value of the lease payment is determined using a discount rate representing the rate of a commercial mortgage rate, observed in the period when the lease agreement commences or is modified. 12 GOLD STANDARD VENTURES CORP. Notes to Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian Dollars) NOTE 2 - Significant Accounting Policies and Basis of Preparation (continued) Use of estimates (continued) Deferred revenue The Company entered into a silver streaming arrangement (“Silver Stream”) with OMF Fund III (HG) Ltd. (“Orion”) on October 29, 2020. The upfront payment for the Silver Stream discussed in Note 7 has been accounted for as deferred revenue, as management has determined that the agreement is not a derivative as it will be satisfied through the delivery of non-financial items (i.e. silver commodity from the Company’s potential future production), rather than cash or financial assets. A market-based discount rate is utilized at the inception of the stream agreement to determine a discount rate for computing the interest charges for the significant financing component of the deferred revenue balance. As product is delivered, the deferred revenue amount including accreted interest will be drawn down. The drawdown rate requires the use of proven and probable reserves and certain resources in the calculation that are beyond indicated and inferred resources which management is reasonably confident are transferable to proven and probable reserves. Key estimates used in determining the significant financing component include the discount rate and the reserve and resources assumed for conversion.
Financial instruments	Financial instruments Financial assets On initial recognition, financial assets are recognized at fair value and are subsequently classified and measured at: (i) amortized cost; (ii) fair value through other comprehensive income (“FVOCI”); or (iii) fair value through profit or loss (“FVTPL”). The classification of financial assets is generally based on the business model in which a financial asset is managed and its contractual cash flow characteristics. A financial asset is measured at fair value net of transaction costs that are directly attributable to its acquisition except for financial assets at FVTPL where transaction costs are expensed. All financial assets not classified and measured at amortized cost or FVOCI are classified as FVTPL. On initial recognition of an equity instrument that is not held for trading, the Company may irrevocably elect to present subsequent changes in the investment’s fair value in other comprehensive income/loss. The classification determines the method by which the financial assets are carried on the statement of financial position subsequent to inception and how changes in value are recorded. Cash, receivables and reclamation bonds are measured at amortized cost with subsequent impairments recognized in profit or loss. Impairment An ‘expected credit loss’ impairment model applies which requires a loss allowance to be recognized based on expected credit losses. The estimated present value of future cash flows associated with the asset is determined and an impairment loss is recognized for the difference between this amount and the carrying amount as follows: the carrying amount of the asset is reduced to estimated present value of the future cash flows associated with the asset, discounted at the financial asset’s original effective interest rate, either directly or through the use of an allowance account and the resulting loss is recognized in profit or loss for the period. In a subsequent period, if the amount of the impairment loss related to financial assets measured at amortized cost decreases, the previously recognized impairment loss is reversed through profit or loss to the extent that the carrying amount of the investment at the date the impairment is reversed does not exceed what the amortized cost would have been had the impairment not been recognized. Financial liabilities Financial liabilities are designated as either: (i) fair value through profit or loss; or (ii) amortized cost. All financial liabilities are classified and subsequently measured at amortized cost except for financial liabilities at FVTPL. The classification determines the method by which the financial liabilities are carried on the statement of financial position subsequent to inception and how changes in value are recorded. Accounts payable and accrued liabilities are classified and carried on the statement of financial position at amortized cost. As at December 31, 2021, the Company does not have any derivative financial liabilities.
Exploration and evaluation assets	Exploration and evaluation assets Costs incurred on mineral resource properties before the Company has acquired the right to explore those properties are expensed as incurred. Costs directly related to the acquisition and exploration of exploration and evaluation assets are capitalized once the legal rights to explore the exploration and evaluation assets are acquired or obtained. When the technical and commercial viability of a mineral resource has been demonstrated and a development decision has been made, the capitalized costs of the related property are first tested for impairment, then transferred to mining assets and depreciated using the units of production method on commencement of commercial production. If it is determined that capitalized acquisition, exploration and evaluation costs are not recoverable, or the property is abandoned or management has determined an impairment in value, the property is written down to its recoverable amount. Exploration and evaluation assets are reviewed for impairment when facts and circumstances suggest that the carrying amount may exceed its recoverable amount.
Restoration and environmental obligations	Restoration and environmental obligations The Company recognizes liabilities for statutory, contractual, constructive or legal obligations associated with the retirement of long-term assets, when those obligations result from the acquisition, construction, development or normal operation of the assets. The net present value of future restoration cost estimates arising from the decommissioning of plant and other site preparation work is capitalized to exploration and evaluation assets along with a corresponding increase in the restoration provision in the period incurred. Discount rates using a pre-tax rate that reflect the time value of money are used to calculate the net present value. The restoration asset will be depreciated on the same basis as the related assets. The Company’s estimates of restoration costs could change as a result of changes in regulatory requirements, discount rates and assumptions regarding the amount and timing of the future expenditures. These changes are recorded directly to the related asset with a corresponding entry to the restoration provision. The Company’s estimates are reviewed annually for changes in regulatory requirements, discount rates, effects of inflation and changes in estimates. Changes in the net present value, excluding changes in amount and timing of the Company’s estimates of reclamation costs, are charged to profit or loss for the period. The net present value of restoration costs arising from subsequent site damage that is incurred on an ongoing basis during production are charged to profit or loss in the period incurred.
Leases	Leases At inception of a contract, the Company assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The Company assesses whether the contract involves the use of an identified asset, whether the right to obtain substantially all of the economic benefits from use of the asset during the term of the arrangement exists, and if the Company has the right to direct the use of the asset. At inception or on reassessment of a contract that contains a lease component, the Company allocates the consideration in the contract to each lease component on the basis of their relative standalone prices. As a lessee, the Company recognizes a right-of-use asset and a lease liability at the commencement date of a lease. The right-of-use asset is initially measured at cost, which is comprised of the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any decommissioning and restoration costs, less any lease incentives received. The right-of-use asset is subsequently depreciated using the straight line method from the commencement date to the earlier of the end of the lease term, or the end of the useful life of the asset. In addition, the right-of-use asset may be reduced due to impairment losses, if any, and adjusted for certain remeasurements of the lease liability. 14 GOLD STANDARD VENTURES CORP. Notes to Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian Dollars) NOTE 2 - Significant Accounting Policies and Basis of Preparation (continued) Leases (continued) A lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted by the interest rate implicit in the lease, or if that rate cannot be readily determined, the incremental borrowing rate. Lease payments included in the measurement of the lease liability are comprised of: • fixed payments, including in-substance fixed payments, less any lease incentives receivable; • variable lease payments that depend on an index or a rate, initially measured using the index or rate as at the commencement date; • amounts expected to be payable under a residual value guarantee; • exercise prices of purchase options if the Company is reasonably certain to exercise that option; and • payments of penalties for terminating the lease, if the lease term reflects the lessee exercising an option to terminate the lease. The lease liability is measured at amortized cost using the effective interest method. It is remeasured when there is a change in future lease payments arising from a change in an index or rate, or if there is a change in the estimate or assessment of the expected amount payable under a residual value guarantee, purchase, extension or termination option. Variable lease payments not included in the initial measurement of the lease liability are charged directly to profit or loss. The Company has elected not to recognize right-of-use assets and lease liabilities for short-term leases that have a lease term of 12 months or less and leases of low-value assets. The lease payments associated with these leases are charged directly to profit or loss on a straight-line basis over the lease term.
Share-based compensation	Share-based compensation The Company operates an employee stock option plan and a restricted share unit award plan. Share-based compensation to employees is measured at the fair value of the instruments issued and amortized over the vesting periods. Share-based compensation to non-employees is measured at the fair value of goods or services received or the fair value of the equity instruments issued, if it is determined the fair value of the goods or services cannot be reliably measured, and are recorded at the date the goods or services are received. The corresponding amount is recorded to reserves. The fair value of options is determined using the Black–Scholes pricing model which incorporates all market vesting conditions and the fair value of restricted share units is determined using the fair value on grant date. The number of shares and options expected to vest is reviewed and adjusted at the end of each reporting period such that the amount recognized for services received as consideration for the equity instruments granted shall be based on the number of equity instruments that eventually vest. When vested options are forfeited or are not exercised at the expiry date, the amount previously recognized in share-based compensation is transferred to deficit.
Property and equipment	Property and equipment Property and equipment are stated at historical cost less accumulated depreciation and accumulated impairment losses. Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of any replaced parts is derecognized. All other repairs and maintenance are charged to profit or loss during the fiscal period in which they are incurred. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognized in profit or loss. Depreciation is calculated using a straight-line or a declining balance method to write off the cost of the assets.
Deferred revenue	Deferred revenue The Company recognizes deferred revenue in the event it receives payments from customers in consideration for future commitments to deliver metals and before such sale meets the criteria for revenue recognition. The Company will recognize amounts in revenue as the metals are delivered to the customer. Specifically, for the metal agreement entered into with Orion, the Company will determine the amortization of deferred revenue to the consolidated statement of income (loss) on a per unit basis using the estimated total quantity of metal expected to be delivered to Orion over the term of the mine life of the Company’s potential future production. There is a significant financing component associated with the Silver Stream as funds were received in advance of the delivery of concentrate. When a significant financing component is recognized, finance expense will be higher and revenues will be higher as the larger deferred revenue balance is amortized to revenues.
Income taxes	Income taxes Current income tax: Current income tax assets and liabilities for the current period are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting date, in the country where the Company operates and generates taxable income. Current income tax relating to items recognized directly in other comprehensive income (loss) or equity is recognized in other comprehensive income (loss) or equity and not in profit or loss. Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate. Deferred income tax: Deferred income tax is provided for, based on temporary differences at the reporting date between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes. The carrying amount of deferred income tax assets is reviewed at the end of each reporting period and recognized only to the extent that it is probable that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be utilized. Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred income tax assets and deferred income tax liabilities are offset, if a legally enforceable right exists to set off current tax assets against current income tax liabilities and the deferred income taxes relate to the same taxable entity and the same taxation authority.
Impairment of non-financial assets	Impairment of non-financial assets The carrying amount of the Company’s non-financial assets (which includes property and equipment and exploration and evaluation assets) is reviewed at each reporting date to determine whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss. An impairment loss is recognized whenever the carrying amount of an asset or its cash generating unit exceeds its recoverable amount. Impairment losses are recognized in profit or loss. Assets that have an indefinite useful life are not subject to amortization and are tested annually for impairment. 16 GOLD STANDARD VENTURES CORP. Notes to Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian Dollars) NOTE 2 - Significant Accounting Policies and Basis of Preparation (continued) Impairment of non-financial assets (continued) The recoverable amount of an asset is the greater of an asset’s fair value less cost to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects the current market assessments of the time value of money and the risks specific to the asset. For an asset that does not generate cash inflows largely independent of those from other assets, the recoverable amount is determined for the cash-generating unit to which the asset belongs. An impairment loss is only reversed if there is an indication that the impairment loss may no longer exist and there has been a change in the estimates used to determine the recoverable amount, however, not to an amount higher than the carrying amount that would have been determined had no impairment loss been recognized in previous years.
Loss per share	Loss per share Basic earnings (loss) per share is computed by dividing net earnings (loss) available to common shareholders by the weighted average number of shares outstanding during the reporting period. Diluted earnings (loss) per share is computed similar to basic earnings (loss) per share except that the weighted average shares outstanding are increased to include additional shares for the assumed exercise of stock options and warrants, if dilutive. The number of additional shares is calculated by assuming that outstanding stock options and warrants were exercised and that the proceeds from such exercises were used to acquire common stock at the average market price during the reporting periods. Potentially dilutive options excluded from diluted loss per share totalled 14,387,413 (2020 – 10,648,362).
Standards issued or amended but not yet effective	Standards issued or amended but not yet effective The Company has not applied the following revised IFRS that has been issued but was not yet effective at December 31, 2021. This accounting standard is not currently expected to have a significant effect on the Company’s accounting policies or financial statements. • IAS 16, Property, Plant and Equipment - Proceeds before Intended Use

Exploration and Evaluation As_2

Exploration and Evaluation Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of Exploration and Evaluation Assets [Abstract]
Schedule of Expenditures for Exploration and Evaluation Assets	Expenditures for the years related to exploration and evaluation assets located in Nevada, USA were as follows: Railroad- Pinion Lewis Gold Project Project Total $ $ $ Balance as at December 31, 2019 181,996,057 39,334,874 221,330,931 Claim maintenance fees 399,726 90,729 490,455 Consulting 1,068,158 16,934 1,085,092 Data Analysis 274,113 - 274,113 Drilling 8,771,435 - 8,771,435 Economic assessments 1,259,910 - 1,259,910 Engineering 147,665 - 147,665 Environmental and permitting 1,872,415 57,798 1,930,213 Equipment rental 193,709 - 193,709 Geological 39,442 - 39,442 Geotechnical 484,804 - 484,804 Hydrology 394,116 - 394,116 Lease payments 1,579,111 122,099 1,701,210 Metallurgy 749,040 - 749,040 Provision for site reclamation 1,078,871 - 1,078,871 Sampling and processing 771,180 - 771,180 Site development and reclamation 2,828,830 2,494 2,831,324 Supplies 493,281 - 493,281 Vehicle 38,316 - 38,316 22,444,122 290,054 22,734,176 Balance as at December 31, 2020 204,440,179 39,624,928 244,065,107 18 GOLD STANDARD VENTURES CORP. Notes to Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian Dollars) NOTE 3 - Exploration and Evaluation Assets (continued) Railroad- Pinion Lewis Gold Project Project Total $ $ $ Balance as at December 31, 2020 204,440,179 39,624,928 244,065,107 NSR buydown 2,456,400 - 2,456,400 Exploration expenses Claim maintenance fees 361,599 82,203 443,802 Consulting 2,191,872 49,284 2,241,156 Data analysis 34,794 - 34,794 Drilling 3,637,829 - 3,637,829 Economic assessment 880,108 - 880,108 Engineering 1,158,663 - 1,158,663 Environmental and permitting 1,561,447 12,753 1,574,200 Equipment rental 77,668 - 77,668 Geotechnical 35,463 - 35,463 Hydrology 1,049,337 - 1,049,337 Lease payments 1,617,229 122,611 1,739,840 Metallurgy 818,703 - 818,703 Provision for site reclamation 22,015 - 22,015 Sampling and processing 1,057,874 - 1,057,874 Site development and reclamation 1,674,126 - 1,674,126 Supplies 256,795 786 257,581 18,891,922 267,637 19,159,559 Balance as at December 31, 2021 223,332,101 39,892,565 263,224,666
Schedule of Payment Requirements	Payment requirements from 2022 to 2026 under agreements are approximately as follows: Total Total Work Lease commitment payment Total US$ US$ US$ 2022 1,400,000 1,111,000 2,511,000 2023 1,300,000 1,065,000 2,365,000 2024 1,300,000 676,000 1,976,000 2025 1,300,000 676,000 1,976,000 2026 1,300,000 688,000 1,988,000 6,600,000 4,216,000 10,816,000

Right-of-Use Assets and Lease_2

Right-of-Use Assets and Lease Liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
Presentation of leases for lessee [abstract]
Schedule of Right-of-Use Assets	Right-of-Use Assets Office Leases Cost: $ At December 31, 2019 and 2020 934,659 Addition: Lease amendment 76,502 At December 31, 2021 1,011,161 Depreciation: At December 31, 2019 203,850 Charge for the year 203,850 At December 31, 2020 407,700 Charge for the year 202,434 At December 31, 2021 610,134 Net book value: At December 31, 2020 526,959 At December 31, 2021 401,027
Schedule of Lease Liabilities	NOTE 5 – Right-of-Use Assets and Lease Liabilities (continued) Lease Liabilities $ At December 31, 2019 729,878 Lease payments made (213,254 ) Interest expense on lease liabilities 48,572 Foreign exchange adjustment (921 ) At December 31, 2020 564,275 Lease payments made (214,451 ) Interest expense on lease liabilities 34,697 Addition: Lease amendment 31,376 Foreign exchange adjustment (2,279 ) 413,618 Less: current portion (151,511 ) At December 31, 2021 262,107
Schedule of Remaining Minimum Future Lease Payments, Excluding Estimated Operating Costs	The remaining minimum future lease payments, excluding estimated operating costs, for the term of the lease including assumed renewal periods are as follows: $ Fiscal 2022 175,032 Fiscal 2023 74,119 Fiscal 2024 77,186 Fiscal 2025 and beyond 149,261

Accounts Payable and Accrued _2

Accounts Payable and Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of Accounts Payable and Accrued Liabilities [Abstract]
Schedule of Accounts Payable and Accrued Liabilities	December 31, 2021 December 31, 2020 $ $ Accounts payable 562,032 2,573,208 Accrued liabilities 1,469,333 1,511,021 Government assistance 60,000 40,000 2,091,365 4,124,229

Deferred Revenue (Tables)

Deferred Revenue (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of Accounts Payable and Accrued Liabilities [Abstract]
Schedule of Deferred Revenue	On October 29, 2020, the Company entered into a silver streaming arrangement (“Silver Stream”) with OMF Fund III (HG) Ltd. (“Orion”), whereby Orion made an upfront cash payment of US$2,000,000, pursuant to which the Company will deliver to Orion 100% of the silver production from the potential South Railroad mine over the life of mine. Orion will pay an ongoing cash purchase price equal to 15% of the prevailing silver price at the time of delivery. The upfront payment for the Silver Stream has been accounted for as deferred revenue as the agreement will be satisfied through the delivery of non-financial items (i.e. silver commodity from the Company’s production), rather than cash or financial assets. The drawdown of the deferred revenue will be credited to future sales in the corresponding period. $ Deferred revenue proceeds 2,594,000 Accretion expense 36,556 Foreign exchange adjustment (48,437 ) Balance as at December 31, 2020 2,582,119 Accretion expense 200,025 Foreign exchange adjustment 48,437 Balance as at December 31, 2021 2,830,581

Provision for Site Reclamation

Provision for Site Reclamation (Tables)	12 Months Ended
	Dec. 31, 2021
Provision For Site Reclamation Tables Abstract
Schedule of Provision Site Reclamation	Railroad-Pinion Project $ Balance as at December 31, 2019 964,960 Change in estimate 1,078,871 Foreign exchange adjustment (71,958 ) Accretion expense for the year 13,648 Balance as at December 31, 2020 1,985,521 Change in estimate 22,015 Foreign exchange adjustment (8,064 ) Accretion expense for the year 19,377 Balance as at December 31, 2021 2,018,849

Share Capital and Reserves (Tab

Share Capital and Reserves (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of classes of share capital [line items]
Schedule of Stock Options Activities	A summary of stock option activities is as follows: Number of Weighted average options exercise price $ Outstanding at December 31, 2019 10,338,720 1.76 Exercised (2,325,000 ) 0.74 Granted 3,830,306 0.97 Expired/Cancelled (1,195,664 ) 1.72 Outstanding at December 31, 2020 10,648,362 1.70 Exercised - - Granted 7,010,085 0.84 Expired/Cancelled (3,271,034 ) 1.68 Outstanding at December 31, 2021 14,387,413 1.29
Schedule of Fair Value of Options Granted Using Black-scholes Option Pricing Model	The fair value of options granted is estimated on the grant date using the Black-Scholes option pricing model using the following weighted average variables: For the year ended December 31, 2021 2020 Risk-free interest rate 0.40% 0.92% Expected option life in years 4 years 4 years Expected stock price volatility 60% 58% Expected dividend rate 0% 0%
Schedule of Stock Options Outstanding and Exercisable	A summary of the stock options outstanding and exercisable at December 31, 2021 is as follows: Exercise Number Number Price Outstanding Exercisable Expiry Date $ 2.24 325,000 325,000 June 1, 2022 2.12 1,209,890 1,209,890 August 1, 2022 2.25 600,000 600,000 September 12, 2022 1.96 100,000 100,000 January 15, 2022 2.11 1,672,678 1,672,678 March 5, 2023 1.74 1,119,115 1,119,115 January 31, 2024 1.05 1,399,773 933,184 January 30, 2025 1.02 40,000 26,666 September 23, 2025 0.854 1,600,000 666,667 December 2, 2025 0.91 50,000 33,333 December 4, 2025 0.927 1,450,000 - January 4, 2026 0.84 2,964,627 - January 21, 2026 0.886 316,330 - January 29, 2026 0.797 550,000 - March 4, 2026 0.78 10,000 - March 15, 2026 0.74 80,000 - May 31, 2026 0.73 900,000 - June 9, 2026 14,387,413 6,686,533
Number of RSUs [Member]
Disclosure of classes of share capital [line items]
Schedule of Stock Options Activities	A summary of restricted share unit activities is as follows: Number of RSUs Outstanding at December 31, 2019 963,348 Vested (436,785 ) Granted 1,220,016 Outstanding at December 31, 2020 1,746,579 Vested (748,913 ) Cancelled (219,824 ) Granted 2,615,873 Outstanding at December 31, 2021 3,393,715

Segmented Information (Tables)

Segmented Information (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of operating segments [abstract]
Schedule of Geographic Information	Geographic information is as follows: As at December 31, 2020 Canada US Total $ $ $ Reclamation bonds - 3,499,646 3,499,646 Property and equipment 2,736 172,200 174,936 Exploration and evaluation assets - 244,065,107 244,065,107 Right-of-use assets 304,213 222,746 526,959 306,949 247,959,699 248,266,648 As at December 31, 2021 Canada US Total $ $ $ Reclamation bonds - 3,484,948 3,484,948 Property and equipment 1,231 69,044 70,275 Exploration and evaluation assets - 263,224,666 263,224,666 Right-of-use assets 311,929 89,098 401,027 313,160 266,867,756 267,180,916

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2021
Related party transactions [abstract]
Schedule of Key Management Personnel Compensation	Key management personnel includes those persons having authority and responsibility for planning, directing, and controlling the activities of the Company as a whole. The Company has determined that key management personnel consists of members of the Board and corporate officers, including the Company’s Chief Executive Officer and Chief Financial Officer. For the year ended December 31, 2021 2020 $ $ Salaries and fees 2,165,459 1,838,945 Termination payments 1 1,287,509 1,199,899 Share-based compensation 3,004,246 2,053,092 6,457,214 5,091,936 (1) During 2020, the Company paid termination benefits of $1,199,899 to the former President and Chief Executive Officer. During 2021, the Company paid termination benefits of $782,000 and $405,509 to the former Vice President - General Counsel and Corporate Secretary, and the former Chief Financial Officer, respectively.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Major components of tax expense (income) [abstract]
Schedule of Reconciliation of Combined Canadian Federal And Provincial Income Tax Rate	The reconciliation of the combined Canadian federal and provincial income tax rate to the income tax recovery presented in the accompanying statements of comprehensive loss is provided below: Years ended December 31, 2021 2020 $ $ Loss before income taxes (10,957,596 ) (10,740,593 ) Expected income tax recovery at statutory tax rates (2,959,000 ) (2,900,000 ) Impact of different statutory tax rates on earnings of subsidiaries 100,000 10,000 Change in statutory, foreign tax rates and other (37,000 ) (189,000 ) Foreign exchange 966,000 964,000 Non-deductible expenditures 293,000 687,000 Share issuance costs (598,000 ) (399,000 ) Adjustment in prior years provision statutory tax returns and expiry of non-capital losses 238,000 118,000 Change in unrecognized deductible temporary differences and others 1,997,000 1,709,000 Total - -
Schedule of Components of Deferred Tax Assets	Significant components of deferred tax assets that have not been recognized are as follows: As of December 31, 2021 2020 $ $ Share issuance costs 1,073,000 936,000 Non-capital losses 19,352,000 17,308,000 Provision for site reclamation 424,000 417,000 Allowable capital losses 210,000 229,000 Property and equipment 181,000 159,000 Exploration and evaluation assets 2,502,000 2,641,000 Total 23,742,000 21,690,000
Schedule of Unrecognized Deductible Temporary Differences and Unused Tax Losses	Significant components of unrecognized deductible temporary differences and unused tax losses that have not been recognized on the statements of financial position are as follows: As of December 31, 2021 Expiry dates 2020 Expiry dates $ $ Share issuance costs 3,975,000 2021 to 2024 3,468,000 2021 to 2024 Non-capital losses 79,826,000 2027 to 2039 71,328,000 2027 to 2040 Provision for site reclamation 2,019,000 No Expiry 1,986,000 No Expiry Capital losses 779,000 No Expiry 849,000 No Expiry Property and equipment 724,000 No Expiry 622,000 No Expiry Exploration and evaluation assets 9,663,000 No Expiry 11,062,000 No Expiry

Significant Accounting Polici_3

Significant Accounting Policies and Basis of Preparation (Details) - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of Significant Accounting Policies and Basis of Preparation [Abstract]
Potentially dilutive options and warrants excluded from diluted loss per share	14,387,413	10,648,362

Exploration and Evaluation As_3

Exploration and Evaluation Assets (Railroad-Pinion Project) (Narrative) (Details) - USD ($)	1 Months Ended
	Apr. 30, 2021	Aug. 31, 2009
Kennecott Holdings Corporation [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Percentage of mineral production royalty payable		1.50%
RSM [Member] | USD [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Amount of purchased (NSR)	$ 2,000,000
RSM [Member] | Bottom of range [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Net Smelter Royalty (NSR)		1.00%
RSM [Member] | Top of range [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Net Smelter Royalty (NSR)		5.00%

Exploration and Evaluation As_4

Exploration and Evaluation Assets (Lewis Gold Project) (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2017
BMG [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Percentage of interest acquired		100.00%
Lewis Gold Project [Member] | Gold and Silver [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Net Smelter Royalty (NSR)	3.50%
Lewis Gold Project [Member] | Other Minerals [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Net Smelter Royalty (NSR)	4.00%
Lewis Gold Project [Member] | USD [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Minimum annual royalty amount	$ 60,000

Exploration and Evaluation As_5

Exploration and Evaluation Assets (Schedule of Expenditures for Exploration and Evaluation Assets) (Details) - CAD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of quantitative information about right-of-use assets [line items]
Balance Begining	$ 244,065,107	$ 221,330,931
NSR buy-down	2,456,400
Exploration expenses
Claim maintenance fees	443,802	490,455
Consulting	2,241,156	1,085,092
Data analysis	34,794	274,113
Drilling	3,637,829	8,771,435
Economic assessments	880,108	1,259,910
Engineering	1,158,663	147,665
Environmental and permitting	1,574,200	1,930,213
Equipment rental	77,668	193,709
Geological		39,442
Geotechnical	35,463	484,804
Hydrology	1,049,337	394,116
Lease payments	1,739,840	1,701,210
Metallurgy	818,703	749,040
Provision for site reclamation	22,015	1,078,871
Sampling and processing	1,057,874	771,180
Site development and reclamation	1,674,126	2,831,324
Supplies	257,581	493,281
Vehicle		38,316
Total Exploration expenses	19,159,559	22,734,176
Balance Ending	263,224,666	244,065,107
Railroad-Pinion Project [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Balance Begining	204,440,179	181,996,057
NSR buy-down	2,456,400
Exploration expenses
Claim maintenance fees	361,599	399,726
Consulting	2,191,872	1,068,158
Data analysis	34,794	274,113
Drilling	3,637,829	8,771,435
Economic assessments	880,108	1,259,910
Engineering	1,158,663	147,665
Environmental and permitting	1,561,447	1,872,415
Equipment rental	77,668	193,709
Geological		39,442
Geotechnical	35,463	484,804
Hydrology	1,049,337	394,116
Lease payments	1,617,229	1,579,111
Metallurgy	818,703	749,040
Provision for site reclamation	22,015	1,078,871
Sampling and processing	1,057,874	771,180
Site development and reclamation	1,674,126	2,828,830
Supplies	256,795	493,281
Vehicle		38,316
Total Exploration expenses	18,891,922	22,444,122
Balance Ending	223,332,101	204,440,179
Lewis Gold Project [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Balance Begining	39,624,928	39,334,874
NSR buy-down
Exploration expenses
Claim maintenance fees	82,203	90,729
Consulting	49,284	16,934
Data analysis
Drilling
Economic assessments
Engineering
Environmental and permitting	12,753	57,798
Equipment rental
Geological
Geotechnical
Hydrology
Lease payments	122,611	122,099
Metallurgy
Provision for site reclamation
Sampling and processing
Site development and reclamation		2,494
Supplies	786
Vehicle
Total Exploration expenses	267,637	290,054
Balance Ending	$ 39,892,565	$ 39,624,928

Exploration and Evaluation As_6

Exploration and Evaluation Assets (Schedule of Payment Requirements ) (Details)	12 Months Ended
	Dec. 31, 2021CAD ($)
Disclosure of maturity analysis of operating lease payments [line items]
Total work commitment	$ 6,600,000
Total Lease payment	4,216,000
Total	10,816,000
2022 [Member]
Disclosure of maturity analysis of operating lease payments [line items]
Total work commitment	1,400,000
Total Lease payment	1,111,000
Total	2,511,000
2023 [Member]
Disclosure of maturity analysis of operating lease payments [line items]
Total work commitment	1,300,000
Total Lease payment	1,065,000
Total	2,365,000
2024 [Member]
Disclosure of maturity analysis of operating lease payments [line items]
Total work commitment	1,300,000
Total Lease payment	676,000
Total	1,976,000
2025 [Member]
Disclosure of maturity analysis of operating lease payments [line items]
Total work commitment	1,300,000
Total Lease payment	676,000
Total	1,976,000
2026 [Member]
Disclosure of maturity analysis of operating lease payments [line items]
Total work commitment	1,300,000
Total Lease payment	688,000
Total	$ 1,988,000

Reclamation Bonds (Details)

Reclamation Bonds (Details)	Dec. 31, 2021CAD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020CAD ($)	Dec. 31, 2020USD ($)
Statement Line Items [Line Items]
Reclamation bonds	$ 3,484,948		$ 3,499,646
USD [Member]
Statement Line Items [Line Items]
Reclamation bonds		$ 2,748,815		$ 2,747,965

Right-of-Use Assets and Lease_3

Right-of-Use Assets and Lease Liabilities (Schedule of Right-of-Use Assets) (Details) - CAD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of quantitative information about right-of-use assets [line items]
At December 31, 2019	$ 526,959
At December 31, 2020	401,027	$ 526,959
Office Leases [Member] | Cost [Member]
Disclosure of quantitative information about right-of-use assets [line items]
At December 31, 2019	934,659
Addition: Lease amendment	76,502
At December 31, 2020	1,011,161	934,659
Office Leases [Member] | Depreciation [Member]
Disclosure of quantitative information about right-of-use assets [line items]
At December 31, 2019	407,700	203,850
Charge for the year	202,434	203,850
At December 31, 2020	610,134	407,700
Office Leases [Member] | Net Book Value [Member]
Disclosure of quantitative information about right-of-use assets [line items]
At December 31, 2019	526,959
At December 31, 2020	$ 401,027	$ 526,959

Right-of-Use Assets and Lease_4

Right-of-Use Assets and Lease Liabilities (Schedule of Lease Liabilities) (Details) - CAD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Presentation of leases for lessee [abstract]
Lease liabilities recognized as of January 1, 2020	$ 564,275	$ 729,878
Lease payments made	(214,451)	(213,254)
Interest expense on lease liabilities	34,697	48,572
Addition: Lease amendment	31,376
Foreign exchange adjustment	(2,279)	(921)
Lease liabilities recognized as of December 31, 2020	413,618	564,275
Less: current portion	(151,511)	$ (186,023)
At December 31, 2021	$ 262,107

Right-of-Use Assets and Lease_5

Right-of-Use Assets and Lease Liabilities (Schedule of Remaining Minimum Future Lease Payments) (Details)	Dec. 31, 2021CAD ($)
2022 [Member]
Disclosure of maturity analysis of operating lease payments [line items]
Remaining minimum future lease payments, excluding estimated operating costs	$ 175,032
2023 [Member]
Disclosure of maturity analysis of operating lease payments [line items]
Remaining minimum future lease payments, excluding estimated operating costs	74,119
2024 [Member]
Disclosure of maturity analysis of operating lease payments [line items]
Remaining minimum future lease payments, excluding estimated operating costs	77,186
Fiscal 2025 and beyond [Member]
Disclosure of maturity analysis of operating lease payments [line items]
Remaining minimum future lease payments, excluding estimated operating costs	$ 149,261

Accounts Payable and Accrued _3

Accounts Payable and Accrued Liabilities (Schedule of Accounts Payable and Accrued Liabilities) (Details) - CAD ($)	Dec. 31, 2021	Dec. 31, 2020
Disclosure of Accounts Payable and Accrued Liabilities [Abstract]
Accounts payable	$ 562,032	$ 2,573,208
Accrued liabilities	1,469,333	1,511,021
Government assistance	60,000	40,000
Total accounts payable and accrued liabilities	$ 2,091,365	$ 4,124,229

Deferred Revenue (Schedule of D

Deferred Revenue (Schedule of Deferred Revenue) (Details)	Dec. 31, 2021CAD ($)	Dec. 31, 2020CAD ($)	Oct. 29, 2020USD ($)
Statement Line Items [Line Items]
Deferred revenue proceeds		$ 2,594,000
Accretion expense	$ 200,025	36,556
Foreign exchange adjustment	48,437	(48,437)
Balance as at December 31, 2020	$ 2,830,581	$ 2,582,119
Orion [Member] | USD [Member]
Statement Line Items [Line Items]
Upfront cash payment			$ 2,000,000

Provision for Site Reclamatio_2

Provision for Site Reclamation (Narrative) (Details) - CAD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Provision For Site Reclamation Narrative
Inflation rate	2.16%	2.16%
Discount rate	3.08%	3.09%
Undiscounted uninflated value of the cash flows	$ 2,180,373
Period of undiscounted uninflated value of the cash flows required to settle provision	17 years

Provision for Site Reclamatio_3

Provision for Site Reclamation (Schedule of Provision for Site Reclamation) (Details) - CAD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Provision For Site Reclamation Schedule Of Provision For Site Reclamation
Balance as at December 31	$ 1,985,521	$ 964,960
Change in estimate	22,015	1,078,871
Foreign exchange adjustment	(8,064)	(71,958)
Accretion expense for the year	19,377	13,648
Balance as at December 31	$ 2,018,849	$ 1,985,521

Share Capital and Reserves (Nar

Share Capital and Reserves (Narrative) (Details)	12 Months Ended
	Dec. 31, 2021CAD ($)shares$ / shares	Dec. 31, 2020CAD ($)shares$ / shares
Disclosure of classes of share capital [line items]
Proceeds from common share	$ 34,509,200	$ 38,353,487
Stock option, granted | shares	7,010,085	3,830,306
Stock option, Exercise | shares		2,325,000
Proceeds from Stock options		$ 1,715,250
Fair value of stock options	$ 2,683,468	1,720,964
Stock option expense	1,918,228	1,231,724
Issuance costs	$ 2,213,254	$ 1,476,702
Officers and directors [Member]
Disclosure of classes of share capital [line items]
Stock option, granted | shares	2,615,873	1,220,016
Fair value of stock options	$ 2,251,845	$ 1,266,380
Vesting of restricted share units [Member]
Disclosure of classes of share capital [line items]
Common share issued | shares	748,911	436,785
Price per share | $ / shares	$ 1.33	$ 1.26
Non-brokered private placement [Member]
Disclosure of classes of share capital [line items]
Common share issued | shares		7,619,191
Proceeds from common share		$ 7,804,150
Issuance costs		$ 7,614
Market equity program [Member]
Disclosure of classes of share capital [line items]
Common share issued | shares		30,097,478
Proceeds from common share		$ 30,549,337
Net of cash commissions and expenses		1,469,088
Underwritten public offering financing [Member]
Disclosure of classes of share capital [line items]
Common share issued | shares	39,215,000
Price per share | $ / shares	$ 0.88
Proceeds from common share	$ 34,509,200
Net of cash commissions and expenses	$ 2,213,254
Restricted Share Unit (RSU) [Member]
Disclosure of classes of share capital [line items]
Stock option, Cancelled | shares	219,824
Fair value transferred from reserves to deficit	$ 67,436
Stock option expense	$ 1,775,046	$ 1,246,676

Share Capital and Reserves (Sch

Share Capital and Reserves (Schedule of Fair Value of Options Granted Using Black-scholes Option Pricing Model) (Details) - yr	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of classes of share capital [abstract]
Risk-free interest rate	0.40%	0.92%
Expected option life in years	4	4
Expected stock price volatility	60.00%	58.00%
Expected dividend rate	0.00%	0.00%

Share Capital and Reserves (S_2

Share Capital and Reserves (Schedule of Stock Options Activities) (Details)	12 Months Ended
	Dec. 31, 2021shares$ / shares	Dec. 31, 2020shares$ / shares
Disclosure of terms and conditions of share-based payment arrangement [line items]
Outstanding at December 31,	10,648,362	10,338,720
Exercised		(2,325,000)
Granted	7,010,085	3,830,306
Expired/Cancelled	(3,271,034)	(1,195,664)
Outstanding at December 31,	14,387,413	10,648,362
Weighted average exercise price outstanding at December 31, | $ / shares	$ 1.70	$ 1.76
Exercised | $ / shares		0.74
Granted | $ / shares	0.84	0.97
Expired/Cancelled | $ / shares	1.68	1.72
Weighted average exercise price outstanding at December 31, | $ / shares	$ 1.29	$ 1.70
Number of RSUs [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Outstanding at December 31,	1,746,579	963,348
Vested	(748,913)	(436,785)
Granted	2,615,873	1,220,016
Expired/Cancelled	(219,824)
Outstanding at December 31,	3,393,715	1,746,579

Share Capital and Reserves (S_3

Share Capital and Reserves (Schedule of Stock Options Outstanding and Exercisable) (Details)	12 Months Ended
	Dec. 31, 2021shares$ / shares	Dec. 31, 2020shares	Dec. 31, 2019shares
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Number outstanding	14,387,413	10,648,362	10,338,720
Number Exercisable	6,686,533
2.24 [Member]
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price | $ / shares	$ 2.24
Number outstanding	325,000
Number Exercisable	325,000
Expiry Date	June 1, 2022
2.12 [Member]
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price | $ / shares	$ 2.12
Number outstanding	1,209,890
Number Exercisable	1,209,890
Expiry Date	August 1, 2022
2.25 [Member]
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price | $ / shares	$ 2.25
Number outstanding	600,000
Number Exercisable	600,000
Expiry Date	September 12, 2022
1.96 [Member]
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price | $ / shares	$ 1.96
Number outstanding	100,000
Number Exercisable	100,000
Expiry Date	January 15, 2022
2.11 [Member]
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price | $ / shares	$ 2.11
Number outstanding	1,672,678
Number Exercisable	1,672,678
Expiry Date	March 5, 2023
1.74 [Member]
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price | $ / shares	$ 1.74
Number outstanding	1,119,115
Number Exercisable	1,119,115
Expiry Date	January 31, 2024
1.05 [Member]
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price | $ / shares	$ 1.05
Number outstanding	1,399,773
Number Exercisable	933,184
Expiry Date	January 30, 2025
1.02 [Member]
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price | $ / shares	$ 1.02
Number outstanding	40,000
Number Exercisable	26,666
Expiry Date	September 23, 2025
0.854 [Member]
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price | $ / shares	$ 0.854
Number outstanding	1,600,000
Number Exercisable	666,667
Expiry Date	December 2, 2025
0.91 [Member]
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price | $ / shares	$ 0.91
Number outstanding	50,000
Number Exercisable	33,333
Expiry Date	December 4, 2025
0.927 [Member]
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price | $ / shares	$ 0.927
Number outstanding	1,450,000
Number Exercisable
Expiry Date	January 4, 2026
0.84 [Member]
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price | $ / shares	$ 0.84
Number outstanding	2,964,627
Number Exercisable
Expiry Date	January 21, 2026
0.886 [Member]
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price | $ / shares	$ 0.886
Number outstanding	316,330
Number Exercisable
Expiry Date	January 29, 2026
0.797 [Member]
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price | $ / shares	$ 0.797
Number outstanding	550,000
Number Exercisable
Expiry Date	March 4, 2026
0.78 [Member]
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price | $ / shares	$ 0.78
Number outstanding	10,000
Number Exercisable
Expiry Date	March 15, 2026
0.74 [Member]
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price | $ / shares	$ 0.74
Number outstanding	80,000
Number Exercisable
Expiry Date	May 31, 2026
0.73 [Member]
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price | $ / shares	$ 0.73
Number outstanding	900,000
Number Exercisable
Expiry Date	June 9, 2026

Segmented Information (Schedule

Segmented Information (Schedule of Geographic Information) (Details) - CAD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of geographical areas [line items]
Reclamation bonds	$ 3,484,948	$ 3,499,646
Property and equipment	70,275	174,936
Exploration and evaluation assets	263,224,666	244,065,107	$ 221,330,931
Right-of-use assets	401,027	526,959
Total acquisition and exploration of exploration and evaluation assets	267,180,916	248,266,648
Canada [Member]
Disclosure of geographical areas [line items]
Reclamation bonds
Property and equipment	1,231	2,736
Exploration and evaluation assets
Right-of-use assets	311,929	304,213
Total acquisition and exploration of exploration and evaluation assets	313,160	306,949
US [Member]
Disclosure of geographical areas [line items]
Reclamation bonds	3,484,948	3,499,646
Property and equipment	69,044	172,200
Exploration and evaluation assets	263,224,666	244,065,107
Right-of-use assets	89,098	222,746
Total acquisition and exploration of exploration and evaluation assets	$ 266,867,756	$ 247,959,699

Related Party Transactions (Nar

Related Party Transactions (Narriative) (Details) - CAD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Former President and Chief Executive Officer [Member]
Disclosure of transactions between related parties [line items]
Termination payment		$ 199,899
Former Vice President [Member]
Disclosure of transactions between related parties [line items]
Termination payment	$ 782,000
Former Chief Financial Officer [Member]
Disclosure of transactions between related parties [line items]
Termination payment	$ 405,509
CEO [Memeber]
Disclosure of transactions between related parties [line items]
Accounts payable and accrued liabilities		92,400
Chief Financial Officer [Member]
Disclosure of transactions between related parties [line items]
Accounts payable and accrued liabilities		$ 64,248

Related Party Transactions (Sch

Related Party Transactions (Schedule of Key Management Personnel Compensation) (Details) - CAD ($)		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Disclosure of transactions between related parties [line items]
Salaries and fees		$ 942,816	$ 506,164
Termination payments		1,287,509	1,199,899
Key Management Personnel [Memeber]
Disclosure of transactions between related parties [line items]
Salaries and fees		2,165,459	1,838,945
Termination payments	[1]	1,287,509	1,199,899
Share-based compensation		3,004,246	2,053,092
Total of key management personnel compensation		$ 6,457,214	$ 5,091,936
[1]	During 2020, the Company paid termination benefits of $1,199,899 to the former President and Chief Executive Officer. During 2021, the Company paid termination benefits of $782,000 and $405,509 to the former Vice President - General Counsel and Corporate Secretary, and the former Chief Financial Officer, respectively.

Financial Instruments and Ris_2

Financial Instruments and Risk Management (Details)	12 Months Ended
	Dec. 31, 2021CAD ($)
Statement Line Items [Line Items]
Each 1% change in US dollar to Canadian dollar foreign exchange gain/loss	$ 120,180
USD [Member]
Statement Line Items [Line Items]
Foreign currency net monetary asset position	$ 12,018,000

Income Taxes (Schedule of Recon

Income Taxes (Schedule of Reconciliation of Combined Canadian Federal And Provincial Income Tax Rate) (Details) - CAD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Major components of tax expense (income) [abstract]
Loss before income taxes	$ (10,957,596)	$ (10,740,593)
Expected income tax recovery at statutory tax rates	(2,959,000)	(2,900,000)
Impact of different statutory tax rates on earnings of subsidiaries	100,000	10,000
Change in statutory, foreign tax rates and other	(37,000)	(189,000)
Foreign exchange	966,000	964,000
Non-deductible expenditures	293,000	687,000
Share issuance costs	(598,000)	(399,000)
Adjustment in prior years provision statutory tax returns and expiry of non-capital losses	238,000	118,000
Change in unrecognized deductible temporary differences and others	1,997,000	1,709,000
Total

Income Taxes (Schedule of Compo

Income Taxes (Schedule of Components of Deferred Tax Assets) (Details) - CAD ($)	Dec. 31, 2021	Dec. 31, 2020
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets	$ 23,742,000	$ 21,690,000
Share issuance costs [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets	1,073,000	936,000
Non-capital losses [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets	19,352,000	17,308,000
Provision for site reclamation [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets	424,000	417,000
Allowable Capital losses [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets	210,000	229,000
Property and equipment [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets	181,000	159,000
Exploration and evaluation assets [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets	$ 2,502,000	$ 2,641,000

Income Taxes (Schedule of Unrec

Income Taxes (Schedule of Unrecognized Deductible Temporary Differences and Unused Tax Losses) (Details) - CAD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Share issuance costs [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognized deductible temporary differences and unused tax losses	$ 3,975,000	$ 3,468,000
Expiry date	2021 to 2024	2021 to 2024
Non-capital losses [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognized deductible temporary differences and unused tax losses	$ 79,826,000	$ 71,328,000
Expiry date	2027 to 2039	2027 to 2040
Provision for site reclamation [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognized deductible temporary differences and unused tax losses	$ 2,019,000	$ 1,986,000
Expiry date	No Expiry	No Expiry
Capital losses [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognized deductible temporary differences and unused tax losses	$ 779,000	$ 11,062,000
Expiry date	No Expiry	No Expiry
Property and equipment [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognized deductible temporary differences and unused tax losses	$ 724,000	$ 849,000
Expiry date	No Expiry	No Expiry
Exploration and evaluation assets [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unrecognized deductible temporary differences and unused tax losses	$ 9,663,000	$ 622,000
Expiry date	No Expiry	No Expiry