Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2024 | Aug. 13, 2024 | |
Cover [Abstract] | ||
Registrant Name | LION COPPER AND GOLD CORP. | |
Registrant CIK | 0001339688 | |
Current Fiscal Year End Date | --12-31 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Entity File Number | 000-55139 | |
Document Period End Date | Jun. 30, 2024 | |
Document Fiscal Year Focus | 2024 | |
Document Fiscal Period Focus | Q2 | |
Entity Incorporation, State or Country Code | Z4 | |
Entity Tax Identification Number | 98-1664106 | |
Entity Address, Address Line One | 143 S Nevada St | |
Entity Address, City or Town | Yerington | |
Entity Address, State or Province | BC | |
Entity Address, Postal Zip Code | 89447 | |
City Area Code | 917 | |
Local Phone Number | 371-2966 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | true | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 385,855,710 | |
Amendment Flag | false | |
Document Transition Report | false | |
Entity Ex Transition Period | false |
Condensed Interim Consolidated
Condensed Interim Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Jun. 30, 2024 | Dec. 31, 2023 |
Current assets | ||
Cash and cash equivalents | $ 8,318 | $ 2,310 |
Other receivables | 72 | 14 |
Prepaid and deposit | 97 | 62 |
Total Current assets | 8,487 | 2,386 |
Other receivables - Long term | 10 | 10 |
Mineral properties | 7,802 | 7,647 |
Reclamation bonds | 9 | 9 |
Investment in associate | 894 | 1,206 |
Right of use asset | 59 | 0 |
Total assets | 17,261 | 11,258 |
Current liabilities | ||
Accounts payable and accrued liabilities | 721 | 163 |
Rio Tinto deposit | 6,258 | 1,357 |
Derivative liabilities | 1,125 | 176 |
Convertible debentures | 932 | 3,544 |
Lease liabilities - current | 40 | 0 |
Total Current liabilities | 9,076 | 5,240 |
Lease liabilities - long term | 19 | 0 |
Total liabilities | 9,095 | 5,240 |
Stockholders' equity | ||
Share capital, no par value, unlimited common shares authorized; 385,855,710 issued and outstanding (2023 - 309,667,975) | 109,334 | 105,396 |
Additional paid-in capital | 24,655 | 24,168 |
Deficit | (129,881) | (126,663) |
Non-controlling interest | 4,058 | 3,117 |
Total stockholders' equity | 8,166 | 6,018 |
Total liabilities and stockholders' equity | $ 17,261 | $ 11,258 |
Condensed Interim Consolidate_2
Condensed Interim Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares | 6 Months Ended | 12 Months Ended |
Jun. 30, 2024 | Dec. 31, 2023 | |
Statement of Financial Position [Abstract] | ||
Common stock, no par value | $ 0 | $ 0 |
Common stock, shares authorized, unlimited | Unlimited | Unlimited |
Common stock, shares issued | 385,855,710 | 309,667,975 |
Common stock, shares outstanding | 385,855,710 | 309,667,975 |
Condensed Interim Consolidate_3
Condensed Interim Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Operating expenses | ||||
Exploration expenditures | $ 2,389 | $ 2,159 | $ 5,049 | $ 3,409 |
Rio Tinto Deposit | (3,102) | (2,250) | (6,320) | (3,572) |
General office | 117 | 68 | 240 | 124 |
Interest | 47 | 116 | 141 | 199 |
Investor relations and corporate development | 11 | 0 | 23 | 6 |
Professional fees | 636 | 399 | 1,118 | 641 |
Salaries and benefits | 490 | 333 | 879 | 674 |
Share-based payments | 0 | (231) | 660 | (136) |
Transfer agent and regulatory | 22 | 19 | 60 | 64 |
Travel | 35 | 19 | 58 | 28 |
Operating loss | (645) | (632) | (1,908) | (1,437) |
Non-operating Income/(expenses) | ||||
Fair value (loss) gain on derivative liabilities | (427) | 1,421 | 253 | 481 |
Foreign exchange gain | (7) | 0 | (8) | 0 |
Accretion expense | (29) | (121) | (140) | (195) |
Gain on transfer of shares | 0 | 0 | 0 | 22 |
Loss on revaluation of SAFE notes | 0 | 0 | 0 | (305) |
Share of loss in associate | (218) | 22 | (312) | (4) |
Interest and other income | 152 | 51 | 238 | 63 |
Impairment of mineral properties | 0 | (602) | 0 | (602) |
Loss on conversion | 0 | 0 | (1,690) | 0 |
Loss on repayment of convertible debentures | 0 | 0 | (5) | 0 |
Loss on extinguishment of convertible debentures | 0 | 0 | (55) | 0 |
Total Non-operating Income/(expenses) | (529) | 771 | (1,719) | (540) |
Net (loss) income and comprehensive (loss) income for the period | (1,174) | 139 | (3,627) | (1,977) |
Net (loss) income and comprehensive (loss) income attributed to: | ||||
Stockholders of the Company | (961) | 425 | (3,218) | (1,528) |
Non-controlling interest | $ (213) | $ (286) | $ (409) | $ (449) |
(loss) Income per share | ||||
(loss) Income per share, basic | $ 0 | $ 0 | $ (0.01) | $ 0 |
(loss) Income per share, diluted | $ 0 | $ 0 | $ (0.01) | $ 0 |
Weighted average number of shares outstanding | ||||
Weighted average number of shares outstanding - basic | 383,558,952 | 309,567,975 | 356,660,132 | 309,567,975 |
Weighted average number of shares outstanding - diluted | 383,558,952 | 313,356,224 | 356,660,132 | 309,567,975 |
Condensed Interim Consolidate_4
Condensed Interim Consolidated Statements of Changes in Equity (Unaudited) - USD ($) $ in Thousands | Common shares [Member] | Additional paid-in capital [Member] | Deficit [Member] | Non-controlling interest [Member] | Total |
Beginning Balance at Dec. 31, 2022 | $ 105,384 | $ 23,043 | $ (121,834) | $ 388 | $ 6,981 |
Beginning Balance (Shares) at Dec. 31, 2022 | 309,567,975 | ||||
Private placement - share issuance cost | 0 | ||||
Share-based payments | (136) | (136) | |||
Issuance of common shares of FCC | 3,536 | 3,536 | |||
Net loss for the period | (1,528) | (449) | (1,977) | ||
Ending Balance at Jun. 30, 2023 | $ 105,384 | 22,907 | (123,362) | 3,475 | 8,404 |
Ending Balance (Shares) at Jun. 30, 2023 | 309,567,975 | ||||
Beginning Balance at Dec. 31, 2022 | $ 105,384 | 23,043 | (121,834) | 388 | $ 6,981 |
Beginning Balance (Shares) at Dec. 31, 2022 | 309,567,975 | ||||
Exercise of options (Shares) | 100,000 | ||||
Ending Balance at Dec. 31, 2023 | $ 105,396 | 24,168 | (126,663) | 3,117 | $ 6,018 |
Ending Balance (Shares) at Dec. 31, 2023 | 309,667,975 | 309,667,975 | |||
Beginning Balance at Mar. 31, 2023 | $ 105,384 | 23,138 | (123,787) | 3,761 | $ 8,496 |
Beginning Balance (Shares) at Mar. 31, 2023 | 309,567,975 | ||||
Share-based payments | (231) | (231) | |||
Net loss for the period | 425 | (286) | 139 | ||
Ending Balance at Jun. 30, 2023 | $ 105,384 | 22,907 | (123,362) | 3,475 | 8,404 |
Ending Balance (Shares) at Jun. 30, 2023 | 309,567,975 | ||||
Beginning Balance at Dec. 31, 2023 | $ 105,396 | 24,168 | (126,663) | 3,117 | $ 6,018 |
Beginning Balance (Shares) at Dec. 31, 2023 | 309,667,975 | 309,667,975 | |||
Private placement | $ 654 | $ 654 | |||
Private placement (Shares) | 23,809,522 | ||||
Private placement - share issuance cost | $ (27) | (27) | |||
Conversion of convertible debentures - original | $ 234 | 234 | |||
Conversion of convertible debentures - original (Shares) | 3,500,000 | ||||
Conversion of convertible debentures - induced | $ 2,723 | 2,723 | |||
Conversion of convertible debentures - induced (Shares) | 45,815,213 | ||||
Exercise of options | $ 354 | (173) | $ 181 | ||
Exercise of options (Shares) | 3,063,000 | 3,063,000 | |||
Share-based payments | 660 | $ 660 | |||
Issuance of common shares of FCC | 1,350 | 1,350 | |||
Net loss for the period | (3,218) | (409) | (3,627) | ||
Ending Balance at Jun. 30, 2024 | $ 109,334 | 24,655 | (129,881) | 4,058 | $ 8,166 |
Ending Balance (Shares) at Jun. 30, 2024 | 385,855,710 | 385,855,710 | |||
Beginning Balance at Mar. 31, 2024 | $ 108,980 | 24,828 | (128,920) | 3,371 | $ 8,259 |
Beginning Balance (Shares) at Mar. 31, 2024 | 382,792,710 | ||||
Exercise of options | $ 354 | (173) | 181 | ||
Exercise of options (Shares) | 3,063,000 | ||||
Issuance of common shares of FCC | 900 | 900 | |||
Net loss for the period | (961) | (213) | (1,174) | ||
Ending Balance at Jun. 30, 2024 | $ 109,334 | $ 24,655 | $ (129,881) | $ 4,058 | $ 8,166 |
Ending Balance (Shares) at Jun. 30, 2024 | 385,855,710 | 385,855,710 |
Condensed Interim Consolidate_5
Condensed Interim Consolidated Statements of Cash Flow (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Cash flows provided by operating activities | ||||
Loss for the period | $ (1,174) | $ 139 | $ (3,627) | $ (1,977) |
Non-cash transactions: | ||||
Interest expense | 47 | 116 | 141 | 199 |
Accretion expense | 29 | 121 | 140 | 195 |
Fair value gain on derivative liabilities | (253) | (481) | ||
Gain on transfer of investment shares | 0 | 0 | 0 | (22) |
Share of loss of investment in associate | 312 | 4 | ||
Wages settled through transfer of investment shares | 0 | 33 | ||
Share-based payments | 0 | (231) | 660 | (136) |
Loss on revaluation of SAFE notes | 0 | 0 | 0 | 305 |
Impairment of mineral properties | 0 | 602 | 0 | 602 |
Loss on conversion of convertible debentures | 0 | 0 | 1,690 | 0 |
Loss on repayment of convertible debentures | 0 | 0 | 5 | 0 |
Loss on extinguishment of convertible debentures | 0 | 0 | 55 | 0 |
Amortization of ROU asset | 13 | 0 | ||
Changes in operating assets and liabilities: | ||||
Other receivables | (58) | 2 | ||
Accounts payables and accrued liabilities | 559 | 16 | ||
Prepaid and deposit | (35) | (81) | ||
Rio Tinto deposit | 4,901 | 3,946 | ||
Lease liability | (13) | 0 | ||
Net cash provided by operating activities | 4,490 | 2,605 | ||
Cash flows used in investing activities | ||||
Capitalized expenditures on mineral properties | (155) | (260) | ||
Reclamation bond | 0 | 1 | ||
Net cash used in investing activities | (155) | (259) | ||
Cash flows provided by financing activities | ||||
Proceeds from convertible debentures | 0 | 1,306 | ||
Proceeds from FCC SAFE notes | 0 | 100 | ||
Proceeds for issuance of common shares of FCC | 1,350 | 0 | ||
FCC - Proceeds from private placement | 0 | 2,000 | ||
Proceeds from private placement | 1,000 | 0 | ||
Share issuance costs | (27) | 0 | ||
Repayment of convertible debentures | (831) | 0 | ||
Exercise of options | 181 | 0 | ||
Net cash provided by financing activities | 1,673 | 3,406 | ||
Increase in cash and cash equivalents | 6,008 | 5,752 | ||
Cash and cash equivalents, beginning of period | 2,310 | 1,365 | ||
Cash and cash equivalents, end of period | $ 8,318 | $ 7,117 | 8,318 | 7,117 |
Supplemental cash flow information | ||||
Shares issued for conversion of SAFE notes | 0 | 1,536 | ||
Shares issued for convertible debentures | $ 2,957 | $ 0 |
NATURE OF OPERATIONS AND GOING
NATURE OF OPERATIONS AND GOING CONCERN | 6 Months Ended |
Jun. 30, 2024 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
NATURE OF OPERATIONS AND GOING CONCERN [Text Block] | 1. NATURE OF OPERATIONS AND GOING CONCERN Lion Copper and Gold Corp. (together with its subsidiaries, "Lion CG" or the "Company") is a Canadian-based Company advancing its flagship copper assets at Yerington, Nevada through an option to earn-in agreement with Nuton LLC, a Rio Tinto venture. The Company is incorporated in British Columbia, Canada. Its registered and records offices are located at 1200 - 750 West Pender Street, Vancouver, British Columbia, Canada, V6C 2T8. On November 22, 2021, the Company changed its name from Quaterra Resources Inc. to Lion Copper and Gold Corp. The shares of the Company commenced trading under the new name at the open of trading on November 23, 2021. The Company's common shares are listed on the TSX Venture Exchange ("TSXV") under the symbol "LEO" and trades on the OTCQB Market under the symbol "LCGMF". The Company acquires its mineral properties through option or lease agreements and capitalizes all acquisition costs related to the properties. The underlying value of the amounts recorded as mineral properties does not reflect current or future values. The Company's continued existence depends on discovering economically recoverable mineral reserves and obtaining the necessary funding to complete the development of these properties. These condensed interim consolidated financial statements are prepared on a going concern basis, which assumes that the Company will be able to meet its commitments, continue operations and realize its assets and discharge its liabilities in the normal course of business for at least twelve months from the date of approval of these condensed interim consolidated financial statements from the Board of Directors. The Company has incurred ongoing losses and expects to incur further losses in the advancement of its exploration activities. For the six months ended June 30, 2024, the Company incurred a net loss of $3,627 (2023 - $1,977). As at June 30, 2024, the Company had cash and cash equivalents of $8,318 (December 31, 2023 - $2,310), working capital deficit of $589 (December 31, 2023 - $2,854) and an accumulated deficit of $129,881 (December 31, 2023 - $126,663). The Company continues to incur losses, has limited financial resources, and has no current source of revenue or cash flow generated from operating activities. To address its financing requirements, the Company plans to seek financing through, but not limited to, debt financing, equity financing and strategic alliances. However, there is no assurance that such financing will be available. If adequate financing is not available or cannot be obtained on a timely basis, the Company may be required to delay, reduce the scope of or eliminate one or more of its exploration programs or relinquish some or all of its rights under the existing option and acquisition agreements. The above factors give rise to material uncertainties that cast substantial doubt on the Company's ability to continue as a going concern. If the going concern assumptions were not appropriate for these condensed interim consolidated financial statements, then adjustments would be necessary to the carrying values of assets, liabilities, the reported expenses, and the consolidated balance sheet classifications used. Such adjustments could be material. |
BASIS OF PRESENTATION
BASIS OF PRESENTATION | 6 Months Ended |
Jun. 30, 2024 | |
Basis Of Accounting Disclosure [Abstract] | |
BASIS OF PRESENTATION [Text Block] | 2. BASIS OF PRESENTATION Statement of compliance The condensed interim consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP") and are expressed in U.S. dollars. These condensed interim consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany accounts and transactions were eliminated upon consolidation. These condensed interim consolidated financial statements have been prepared on a historical cost basis except for certain financial instruments which are measured at fair value. In addition, these condensed interim consolidated financial statements have been prepared using the accrual basis of accounting, except for the cash flow information. The Company consolidates an entity when it has power over that entity, is exposed, or has rights, to variable returns from its involvement with that entity and can affect those returns through its control over that entity. All material intercompany transactions, balances and expenses are eliminated on consolidation. The accompanying condensed interim consolidated financial statements should be read in conjunction with the Company's audited consolidated financial statements for the year ended December 31, 2023. The interim period results do not necessarily indicate the results that may be expected for any other interim period or for the full fiscal year. These condensed interim consolidated financial statements include the financial statements of Lion Copper and Gold Corp., and its subsidiaries: Percentage ownership Subsidiaries June 30, 2024 December 31, 2023 Country of incorporation Quaterra Alaska Inc. ("Quaterra Alaska") 100.0% 100.0% USA Singatse Peak Services, LLC ("SPS") 100.0% 100.0% USA Falcon Copper Corp ("FCC") (Formerly Blue Copper Resources Corp ("BCRC")) 43.46% 47.7% USA Blue Copper LLC 43.46% indirect through FCC 47.7% indirect through FCC USA Blue Copper Royalties LLC ("BCR LLC") 48.8% 48.8% USA Falcon Services, LLC (FSL") 43.46% indirect through FCC 47.7% indirect through FCC USA On August 25, 2023, BCR LLC was incorporated and on September 6, 2023, FCC carried out a re-organization of its assets and capital structure through an assignment transaction with BCR LLC. The Company assessed the impact of the re-organization and concluded the Company still has control over BCR LLC. As such, the re-organization is a transaction between entities under common control and the assets transferred are accounted for at their carrying values. On December 13, 2023, Falcon Services, LLC was incorporated with FCC being the sole shareholder. For partially owned subsidiaries, the interest attributable to non-controlling stockholders is reflected in non-controlling interest. The Company has assessed control for any entity with less than 50% ownership and has concluded the Company has control (Note 6). |
SIGNIFICANT ACCOUNTING POLICIES
SIGNIFICANT ACCOUNTING POLICIES | 6 Months Ended |
Jun. 30, 2024 | |
Accounting Policies [Abstract] | |
SIGNIFICANT ACCOUNTING POLICIES [Text Block] | 3. SIGNIFICANT ACCOUNTING POLICIES The significant accounting policies applied in the preparation of these condensed interim consolidated financial statements are consistent with the accounting policies disclosed in Note 3 of the Company's audited consolidated financial statements for the year ended December 31, 2023. In preparing these condensed interim consolidated financial statements, management has made judgements, estimates and assumptions that affect the applicability of the Company's accounting policies. In preparing these condensed interim consolidated financial statements, the significant estimates and critical judgments were the same as those applied to the audited consolidated financial statements as at and for the year ended December 31, 2023. During the six months ended June 30, 2024, the Company's ownership in FCC dropped from 48.8% to 43.46% and management assessed control still exists and continues to consolidate FCC as at June 30, 2024. In the absence of majority holdings, the Company will continue to consolidate FCC as the Company has majority representation on the board of directors and management of FCC. |
MINERAL PROPERTIES
MINERAL PROPERTIES | 6 Months Ended |
Jun. 30, 2024 | |
Mineral Industries Disclosures [Abstract] | |
MINERAL PROPERTIES [Text Block] | 4. MINERAL PROPERTIES Total mineral property acquisition costs are listed in the table below: Singatse Peak Services ("SPS") Lion CG ("LCG") Falcon Copper Corp (formerly Blue Copper Resources (In thousands of MacArthur Yerington Bear Wassuk Copper Canyon Chaco Bear & Blue Copper Muncy Total $ $ $ $ $ $ $ $ $ Balance December 31, 2022 2,489 1,195 1,575 1,405 - 602 618 - 7,884 Acquisition costs - - 231 - 10 - 260 95 596 Impairment - - - - - (602 ) - - (602 ) Paid by Rio Tinto - - (231 ) - - - - - (231 ) Total additions (disposals) for the year - - - - 10 (602 ) 260 95 (237 ) Balance December 31, 2023 2,489 1,195 1,575 1,405 10 - 878 95 7,647 Acquisition costs - - 131 - - - 150 5 286 Paid by Rio Tinto - - (131 ) - - - - - (131 ) Total additions for the period - - - - - - 150 5 155 Balance June 30, 2024 2,489 1,195 1,575 1,405 10 - 1,028 100 7,802 The Company owns a 100% interest in the MacArthur, Yerington and Wassuk properties and has an option to earn a 100% interest in the Bear property in Nevada. During the year ended December 31, 2023, the Company terminated its option to earn a 100% interest in the Chaco Bear and Ashton properties in British Columbia. Total exploration expenditures recorded on the condensed interim consolidated statements of operations and comprehensive income (loss) are listed in the tables below: Exploration expenditures incurred for the six months ended June 30, 2024 Singatse Peak Services Falcon Copper Corp (In thousands of U.S. dollars) MacArthur Yerington Bear Blue Copper Muncy Pioneer Recon Total $ $ $ $ $ $ $ $ Property maintenance 4 405 - 60 - - - 469 Assay & Labs 109 89 44 - - - - 242 Drilling 366 1,179 1,465 - - - - 3,010 Environmental 40 460 - - - - - 500 Geological & mapping - - - - - - - - Geophysical surveys - 45 - - 29 - - 74 Technical study - 705 - - - - - 705 Field support - 1 18 28 - 1 1 49 Total expenses incurred 519 2,884 1,527 88 29 1 1 5,049 Total Expenditures funded by Rio Tinto (519 ) (2,884 ) (1,527 ) - - - - (4,930 ) Total Expenditures funded by Lion CG - - - 88 29 1 1 119 Exploration expenditures incurred for the six months ended June 30, 2023 Singatse Peak Services Lion CG Falcon Copper Corp (In thousands of U.S dollars) MacArthur Yerington Bear Wassuk Prospects Chaco Ground Blue Copper Recon Nevada Arizona Total $ $ $ $ $ $ $ $ $ $ $ Property maintenance - 6 - 1 - - - 58 - - - 65 Assay & Labs 47 21 32 - 59 - - - - - - 159 Drilling 190 3 1,218 - 303 - - - - - - 1,714 Environmental 5 136 - - - - - - - - - 141 Geological & mapping - - - - - - - 4 - - - 4 Geophysical surveys 3 5 4 - - - - 104 10 6 90 222 Technical study - 641 - - - - - 2 - - - 643 Field support - - 44 - - - 45 212 - 145 15 461 Total expenses incurred 245 812 1,298 1 362 - 45 380 10 151 105 3,409 Total Expenditures funded by Rio Tinto (245 ) (812 ) (1,298 ) (1 ) (362 ) - - - - - - (2,718 ) Total Expenditures funded by Lion CG - - - - - - 45 380 10 151 105 691 a) On March 18, 2022, the Company entered into an Option to Earn-in Agreement with Rio Tinto America Inc. ( "Rio Tinto") to advance studies and exploration at Lion CG's copper assets in Mason Valley, Nevada (the "Rio Tinto Agreement"). Under the agreement, Rio Tinto has the exclusive option to earn a 65% interest in the assets comprising Yerington, MacArthur, Wassuk, Bear, and associated water rights (the "Mining Assets"). In addition, Rio Tinto will evaluate the potential commercial deployment of its Nuton™ technologies at the site. On April 27, 2022, the Company TSX Venture Exchange approved the Rio Tinto Agreement. The status of the Rio Tinto Agreement is set out below. Stage 1 Rio Tinto paid $4,000 for the agreed-upon Program of Work on the Mining Assets. Stage 1 was completed on December 22, 2022. Stage 2 Within forty-five (45) days of the completion of Stage 1, Rio Tinto was to provide notice to Lion CG whether Rio Tinto elected to proceed with Stage 2 (notice was provided), upon which Rio Tinto was to pay up to $5,000 for agreed-upon Mason Valley study and evaluation works to be completed by Lion CG within 12 months from the date that the parties agree upon the scope of Stage 2 work ($7,500 paid January 13, 2023, representing $5,000 for Stage 2 and $2,500 for Stage 3 in which some of the work has started for Stage 3 and a portion of the deposit has been used). On October 5, 2023, an amendment was signed for the modification of the Stage 2 Program of Work. The significant updates are related to the following: The term of Stage 2 of the Option Agreement has an end date of January 12, 2024. The Parties extend that end date by 8 months, to September 12, 2024 to continue study work, including testing and evaluation of the Nuton Technologies. Subject to internal approvals, Nuton LLC ("Nuton"), on behalf of Rio Tinto, will advance $10,000 of the Stage 3 Earn-In Not to Exceed Amount to Lion CG for the Stage 2b Program of Work within 30 days of completion of Stage 2a (Stage 2a is defined as the Stage 2 Program of Work activities performed up until January 12, 2024). Should the Parties agree that Stage 2c is necessary, the Parties will memorialize the scope of work in a letter agreement. Subject to internal approvals, Nuton will advance another $5,000 of the Stage 3 Earn-In Not to Exceed Amount to Lion CG within 30 days of the execution of the Stage 2c Program of Work Agreement. The Parties agree that Lion CG may allocate $50 per month for its corporate G&A expenses from the funds paid under the payments above (if any) and such allocation will be detailed in the relevant Program of Work Agreement(s). Stage 3 - Feasibility Study Within sixty (60) days of the completion of Stage 2, Rio Tinto shall provide notice to Lion CG whether Rio Tinto will exercise its Option and fund a Feasibility Study based on the results of the Stage 1 and Stage 2 Programs of Work. Rio Tinto will fully-fund the Feasibility Study and ancillary work completed by Lion CG in amount, in aggregate of Stages 1 through 3, not to exceed $50,000. On January 4, 2024, $11,500 was received from Rio Tinto relating to the Stage 2b and the Stage 3 Programs of Work. The Company completed the Stage 2a Program of Work on January 12, 2024. A continuity of the Company's Rio Tinto deposit is as follows: Balance December 31, 2022 $ 613 Proceeds received 7,500 Funds applied to reclamation deposit (9 ) Funds applied to capitalized acquisition costs (Note 4) (231 ) Funds applied to exploration expenditures (4,739 ) Funds applied to general operating expenditures (1,777 ) Balance December 31, 2023 $ 1,357 Proceeds received 11,500 Funds applied to prepaids (148 ) Funds applied to capitalized acquisition costs (Note 4) (131 ) Funds applied to exploration expenditures (Note 4) (4,930 ) Funds applied to general operating expenditures (1,390 ) Balance June 30, 2024 $ 6,258 b) Located in the historic copper district of Yerington, Nevada, the Company's Yerington and MacArthur properties are 100% owned by Singatse Peak Services LLC, a wholly-owned subsidiary of Lion CG. The MacArthur Project consists of 902 unpatented lode claims and 8 placer claims totaling approximately 18,800 acres on lands administered by the U.S. Department of Interior - Bureau of Land Management (BLM). The MacArthur Project is subject to a 2% net smelter return royalty ("NSR") upon commencing commercial production, which can be reduced to a 1% NSR in consideration of $1,000. The Yerington Mine Property covers approximately 11 square miles centered on the former Anaconda open pit copper mine. This includes 2,768 acres of fee simple parcels and patented mining claims as well as 208 unpatented lode and placer claims totaling approximately 4,300 acres on lands administered by the BLM. The Yerington Mine Property is subject to a 2% NSR upon commencing commercial production. The total lifetime royalty is capped at $7,500. c) The Bear deposit consists of approximately 2,300 acres of private land located to the northeast of the Yerington Mine Property, plus several hundred acres beneath the Yerington Mine property. The Company has five option agreements, entered from March 2013 to May 2015, to acquire a 100% interest in private lands covering the Bear deposit. Under the terms of these option agreements, as amended, the Company is required to make $5,988 in cash payments over 15 years ($5,454 paid) to maintain the exclusive right to purchase the land, mineral rights, and certain water rights and to conduct mineral exploration on these properties. Two of the properties are subject to a 2% NSR upon commencing commercial production, which can be reduced to a 1% NSR in consideration of $1,250 total. Outstanding payments to keep the option agreements current are as follows, by year: $131 due in 2024 (paid) $404 due in years 2025 to 2028. Outstanding consideration payments to purchase the property under the five option agreements are as follows: $1,250 for Taylor, purchase option expiring April 4, 2025 $250 for Chisum, purchase option has no expiration date, $50 per year payment required for continuation $5,000 for Yerington Mining, purchase option expiring in Q4 2024 Circle Bar N purchase option: On or before June 15, 2025: $12,000 June 16, 2025 - June 15, 2026: $13,000 June 16, 2026 - June 15, 2027: $14,000 June 16, 2027 - June 15, 2028: $15,000 June 16, 2028 - June 15, 2029: $16,000 $22,770 for Desert Pearl Farms, purchase option expiring in 2029. d) The Wassuk property consists of 310 unpatented lode claims totaling approximately 6,400 acres on lands administered by the BLM. The property is subject to a 3% NSR upon commencing commercial production, which can be reduced to a 2% NSR royalty in consideration of $1,500. e) On August 21, 2023, the Company entered into a Purchase and Sale Agreement with Convergent Mining, LLC, whereby the Company purchased the title to the Copper Canyon claims from Convergent Mining, LLC upon closing of agreement. As consideration, the Company paid $10 in necessary claim fees. Further, the Company will be required to pay an exploration fee to Convergent Mining, LLC calculated as the 5% of the first $2,000 of qualifying exploration costs, not exceeding $100. f) On August 25, 2021, the Company entered into a non-binding letter of intent with Houston Minerals Ltd. setting forth the terms of an option whereby the Company may acquire a 100% interest in the Chaco Bear and Ashton properties in British Columbia. On June 1, 2023, Lion CG and Houston terminated the option agreement surrounding the Chaco Bear and Ashton properties. As at June 30, 2024, and December 31, 2023, Lion CG impaired the full balance of property and recognized $602 in impairment expense during the six months ended June 30, 2023. FALCON COPPER CORP. g) A Plan of Operations for exploration of the Blue Copper Project is currently under review for approval by the relevant agencies. h) In 2023, FCC staked approximately 9,000 acres of federal mining claims in White Pine County, Nevada, the area of interest which is termed Cabin. The Cabin Property represents a potential major copper-moly porphyry discovery concealed beneath the Spring Valley pediment within a district-scale BLM land package, located immediately north of the Muncy Property. i) On November 22, 2023, FCC entered into an Option to Joint Venture Agreement with Kennecott Exploration Company ("Kennecott"), a Rio Tinto subsidiary. Pursuant to the agreement, Kennecott grants FCC the sole and exclusive right and option to acquire 100% interest in the Muncy Property. To exercise this option, FCC must satisfy the following: pay the payment commitment of $95 to Kennecott on or before the effective date of November 22, 2023 (Paid); pay an additional payment commitment of $5 by February 18, 2024 (Paid); pay an additional payment commitment of $51 by July 1, 2024; incur expenditures of $1,500 with respect to the Muncy Property and $1,000 with respect to the Cabin Property on or before the expenditure commitment date of November 22, 2025; ensure that no less than 70% of the expenditure commitment for the Muncy Property consists of drilling expenses for the Muncy Property; ensure that no less than 70% of the expenditure commitment for the Cabin Property consists of drilling expenses for the Cabin Property. If FCC decides to terminate the option at any time, they will grant Kennecott a 2.0% net smelter royalty in the Cabin Property. After this is done, the agreement, except for specified sections, will terminate. If Kennecott elects not to form a joint venture, Kennecott must transfer all their rights in the Muncy Property to the FCC. In return, FCC will grant the optionor a 2.0% net smelter royalty (NSR) in the Properties. Before FCC decides to develop a commercial mining operation on any portion of the Properties, FCC has the right to reduce the net smelter royalty (NSR) from 2.0% to 1.0% by paying the optionor $10,000 in cash. A Plan of Operations for exploration of the Muncy Property is currently under review for approval by the relevant agencies. (j) In 2023, FCC staked an approximate 1,300 acre covered target area prospective for high grade primary or enriched porphyry copper mineralization located within Arizona’s prolific Copper Triangle and within 10 miles of the Resolution & Ray mines. (k) The Groundhog prospect lies on the Alaskan peninsula on state lands, within an established copper porphyry belt 200 miles southwest Anchorage. l) During the six months ended June 30, 2024, FCC incurred $31 in evaluation expenditures on reconnaissance on targets in Nevada, Arizona and Montana in order to determine whether they warranted further pursuit. |
INVESTMENT IN ASSOCIATE
INVESTMENT IN ASSOCIATE | 6 Months Ended |
Jun. 30, 2024 | |
Equity Method Investments and Joint Ventures [Abstract] | |
INVESTMENT IN ASSOCIATE [Text Block] | 5. On April 5, 2022, the Company received 16,049,444 shares in Falcon Butte, in connection with a property acquisition agreement to assign the Company's options to acquire the Butte Valley property. At the time of acquisition, the 16,049,444 shares represented 25.54% of shares outstanding and the initial balance of the investment was determined to be $1,906 ($2,374 CAD). As at June 30, 2024, and December 31, 2023, the Company's share ownership was 20.48%. The Company and Falcon Butte have one common director, as such, management has assessed that the Company has significant influence over Falcon Butte and that the investment should be accounted for using the equity method of accounting. Summarized financial information of Falcon Butte and a reconciliation of the carrying amount of the investment in the condensed interim consolidated financial statements are set out below: Summarized balance sheet: June 30, 2024 December 31, 2023 Assets Cash $ 599 $ 1,375 Receivables 13 10 Financial asset - Convertible loan receivable 100 - Prepaids & deposits 25 54 Exploration and evaluation assets 2,904 2,904 Total Assets $ 3,641 $ 4,343 Liabilities Accounts payable & accrued liabilities $ 35 $ 70 Freeport deposit - 397 Derivative liabilities 132 490 Total Liabilities $ 167 $ 957 Summarized statement of loss Six months ended June 30, 2024 Six months ended June 30, 2023 Operating expenses General and administrative expenses $ 2,243 $ 1,208 Total operating expenses 2,243 1,208 Fair value (gain) loss on derivative liability (344 ) (90 ) Other income (244 ) (1,314 ) Foreign exchange loss (gain) (134 ) 217 Net loss (income) $ 1,521 $ 21 A continuity of the Company's investment in associate is as follows: Balance December 31, 2022 $ 1,504 Transfer of shares to the former CEO (10 ) Company's share of net loss (288 ) Balance December 31, 2023 $ 1,206 Company's share of net loss (312 ) Balance June 30, 2024 $ 894 |
NON-CONTROLLING INTEREST
NON-CONTROLLING INTEREST | 6 Months Ended |
Jun. 30, 2024 | |
Noncontrolling Interest [Abstract] | |
NON-CONTROLLING INTEREST [Text Block] | 6. On December 13, 2022, Quaterra Alaska assigned and transferred all right, title and interest in the Groundhog property, Butte Valley Royalty, 100% of the outstanding membership interest held in Blue Copper LLC, and the interest in the Nieves project to FCC. As consideration, on the date of transfer of assets to FCC, Quaterra Alaska was issued 57,513,764 common shares of FCC which represented 79.3% of all issued and outstanding shares at December 13, 2022. This transaction was considered a transaction between entities under common control, and thus was recorded at carrying value. On March 2, 2023, FCC completed a financing of $2,000 by way of a private placement and issued 23,809,524 units at a price of $0.084 per share. Each unit consists of one common share, and one common share purchase warrant exercisable at $0.15 for a period of 1 year. In addition, the private placement was considered a "triggering event" for Simple Agreements for Future Equity ("SAFE Notes"). FCC had previously raised $868 in SAFE Notes and were converted into equity of FCC, resulting in FCC issuing an additional 21,629,382 common shares. On September 6, 2023, FCC carried out a re-organization of its assets and capital structure (the transaction described herein is referred to as the "Reorganization"). On August 25, 2023, a new entity, BCR LLC was organized in Wyoming. BCR LLC subsequently adopted an Operating Agreement that provided for issuance of LLC Interests to its Members in the same amounts as shares issued to Shareholders of FCC. On September 6, 2023, two of the mining assets, referred to as the Butte Valley Royalty and the Nieves Royalty, that had been held by FCC were assigned to BCR LLC in exchange for 100% of the issued and outstanding LLC Interests of BCR LLC. The Nieves Royalty may only be transferred with the written consent of a third party which was received October 23, 2023 resulting in the Nieves property transferring immediately. The same LLC interests were immediately distributed pro rata to the shareholders of FCC. Furthermore, FCC had previously issued Warrants to purchase 7,936,508 (total of 23,809,524 common share purchase warrants) shares of Common Stock of FCC at a Warrant Price of $0.1500 per Share. As part of the Reorganization, these Warrants were exchanged by the Warrant Holders for two new Warrants; one issued by FCC to purchase 7,936,508 Shares of FCC at a Warrant Price of $0.1332 per Share, and the other issued by BCR LLC to purchase 7,936,508 LLC Units of BCR LLC at a Warrant Price of $0.0168 per LLC Unit. The exchange transaction was accounted for under ASC 815 whereby the effect of the exchange was measured as the excess of the fair value of the exchanged warrant over the fair value of the warrant immediately before it is exchanged. Using this method, the effect of the exchange was calculated to be $Nil. As a result of the Reorganization and the issuance and distribution of these LLC Interests, each shareholder of FCC holds the same percentage interest in FCC as the shareholders holds in BCR LLC. Additionally, the Warrant Holders now holds two Warrants, one issued by each of FCC and BCR LLC, with the aggregate value of the two warrants equal to the aggregate value of the Warrant that they held prior to the exchange. The net effect is that the capital structure of BCR LLC matches the capital structure of FCC, including the issuance of new Warrants, and the Butte Valley Royalty and Nieves Royalty are now held by BCR LLC rather than FCC. On October 17, 2023, FCC issued 2,750,000 common shares at a price of $0.10 per common share for total proceeds of $275. During the six months ended June 30, 2024, FCC completed the following private placements at $0.116 per common share for total gross proceeds of $1,350: On February 5, 2024, FCC issued 2,586,207 common shares On February 27, 2024, FCC issued 862,069 common shares On March 29, 2024, FCC issued 431,034 common shares On May 15, 2024, FCC issued 3,448,276 common shares On May 17, 2024, FCC issued 4,310,345 common shares At June 30, 2024, the Company held 43.46% of shares in FCC. In the absence of majority holdings, the Company will continue to consolidate FCC as the Company has majority representation on the FCC's board of directors. At June 30, 2024, the Company held 48.8% of shares in BCR LLC. In the absence of majority holdings, the Company will continue to consolidate BCR LLC as the directors of BCR LLC and the Company is shared, resulting in the Company having control in the business decisions of BCR LLC. The following table summarizes the balance recognized as NCI during the six months ended June 30, 2024, and year ended December 31, 2023: Balance December 31, 2022 $ 388 Issuance of common shares for conversion of SAFE notes 1,536 Issuance of common shares equity financing 2,000 Issuance of common shares 275 Net loss and comprehensive loss attributable to NCI (1,082 ) Balance December 31, 2023 $ 3,117 Issuance of common shares 1,350 Net loss and comprehensive loss attributable to NCI (409 ) Balance June 30, 2024 $ 4,058 |
DERIVATIVE LIABILITIES
DERIVATIVE LIABILITIES | 6 Months Ended |
Jun. 30, 2024 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
DERIVATIVE LIABILITIES [Text Block] | 7. Warrants & Conversion Feature Derivative Liability During the period ended June 30, 2024, and year ended December 31, 2023, the Company issued certain share purchase warrants and issued convertible debt with a conversion feature that are both exercisable in a currency different from the Company's functional currency (Note 8). The warrants and the conversion feature were classified as derivative liabilities, carried at fair value and revalued at each reporting date. A continuity schedule of the Company's derivative liabilities is as follows: Balance December 31, 2022 4 Issuance of Warrants (Note 8) 280 Issuance of convertible debentures with conversion feature (Note 8) 248 Fair value change on derivative liabilities (356 ) Balance December 31, 2023 $ 176 Issuance of warrants for private placement (Note 10) 346 Issuance of warrants upon conversion of existing debentures (Note 8) 60 Issuance of contingent warrants upon conversion of existing debentures (Note 8) 649 Issuance of warrants and conversion feature for extinguishment of existing debentures (Note 8) 55 Modification of warrants upon restructuring of debentures (Note 8) 109 Modification of conversion feature upon restructuring of debentures (Note 8) 129 Fair value change on derivative liabilities (399 ) Balance June 30, 2024 $ 1,125 |
CONVERTIBLE DEBENTURES
CONVERTIBLE DEBENTURES | 6 Months Ended |
Jun. 30, 2024 | |
Convertible Debt [Abstract] | |
CONVERTIBLE DEBENTURES [Text Block] | 8. On June 17, 2022, the Company closed the first tranche of its non-brokered private placement of unsecured convertible debentures for gross proceeds of $1,075 (Note 12) ("Existing Debentures"). The debentures bear interest at a rate of 14% per annum and mature on February 17, 2024, and are convertible into shares of the Company at $0.067 ($0.085 CAD) per share until June 17, 2023, and thereafter at $0.078 ($0.10 CAD) per share. The holder also has the option to elect at any time prior to the election date to be repaid by way of shares the Company owns of Falcon Butte (Note 5) at the rate of $0.25 per Falcon Butte share. In conjunction with the first tranche of the convertible debt financing, the Company issued 16,044,774 warrants. Each warrant is exercisable into one common share of the Company at $0.067 ($0.085 CAD) per share and expire on February 17, 2024. The convertible debentures were determined to be a financial instrument comprising a host debt component, a conversion feature classified as a derivative liability, and freestanding warrants classified as a derivative liability. The warrants and conversion features were determined to be derivative liabilities because the exercise prices are denominated in both the functional currency of the Company and a foreign currency. Thus, the instrument fails to meet the criterion of an equity instrument that states that the instrument must be indexed to its own stock. On initial recognition, the warrants and the conversion feature were fair valued, with the proceeds first allocated to the freestanding warrants, then the conversion feature. The residual proceeds are then allocated to the host debt component with an effective interest rate of 27.90%. Regarding the warrant and conversion feature, the volatility input was calibrated such that the conversion feature, warrants, and host debt component, on issuance date, equates proceeds. The fair values of the freestanding warrants and conversion features were determined to be $143 and $77, respectively, and the fair value allocated to the host debt component was $855. On July 8, 2022, the Company closed the second tranche of its non-brokered private placement of unsecured convertible debentures for gross proceeds of $925 (Note 12) ("Existing Debentures"). The debentures bear interest at a rate of 14% per annum and mature on March 8, 2024, and are convertible into shares of the Company at $0.067 ($0.085 CAD) per share until July 8, 2023, and thereafter at $0.078 ($0.10 CAD) per share. The holder also has the option to elect at any time prior to the election date to be repaid by way of shares the Company owns of Falcon Butte (Note 5) at the rate of $0.25 per Falcon Butte share. In conjunction with the second tranche of the convertible debt financing, the Company issued 13,805,964 warrants. The warrants are exercisable into one common share of the Company at $0.067 ($0.085 CAD) per share and expire on March 8, 2024. The convertible debentures were determined to be a financial instrument comprising a host debt component, a conversion feature classified as a derivative liability, and freestanding warrants classified as a derivative liability. On initial recognition, the warrants and the conversion feature were fair valued, with the proceeds first allocated to the freestanding warrants, then the conversion feature. The residual proceeds are then allocated to the host debt component with an effective interest rate of 14%-27.46%. Regarding the warrant and conversion feature, the volatility input was calibrated such that the conversion feature, warrants, and host debt component, on issuance date, equates proceeds. The fair values of the freestanding warrants and conversion features were determined to be $104 and $54, respectively, and the residual value allocated to the host debt component was $767. On March 2, 2023, the Company closed the third tranche of its non-brokered private placement of unsecured convertible debenture for gross proceeds of $1,306 (Note 12) ("Existing Debentures"). The debenture bear interest at a rate of 14% per annum and mature on November 2, 2024, and are convertible into shares of the Company at $0.070 ($0.095 CAD) per share. The holder also has the option any time prior to the election date to be repaid by way of shares the Company owns of Falcon Butte (Note 5) at the rate of $0.28 ($0.37 CAD) per Falcon Butte Share. In conjunction with the third tranche of the convertible debt financing, the Company issued 18,461,015 warrants. The warrants are exercisable into one common share of the Company at $0.070 ($0.095 CAD) per share and expire on November 2, 2024. The convertible debentures were determined to be a financial instrument comprising a host debt component, a conversion feature classified as a derivative liability, and freestanding warrants classified as a derivative liability. On initial recognition, the warrants and the conversion feature were fair valued, with the proceeds first allocated to the freestanding warrants, then the conversion feature. The residual proceeds are then allocated to the host debt component with an effective interest rate of 46.07%. Regarding the warrant and conversion feature, the volatility input was calibrated such that the conversion feature, warrants, and host debt component, on issuance date, equates proceeds. The fair values of the freestanding warrants and conversion features were determined to be $280 and $248, respectively, and the residual value allocated to the host debt component was $778. On February 16, 2024, the Company issued 3,500,000 common shares to settle $259 of existing debentures with a carrying value of $211. Convertible Debt Restructuring On February 16, 2024, the Company provided notice to existing holders of convertible debentures about a replacement offer with the following terms: The existing debentures will be replaced with new debentures. New debentures will have, a maturity date of 12 months; bear interest at a rate of 20% per annum, non-compounding, and accrued interest may be converted into common shares of the Company at a conversion price equal to $0.06 (C$0.08) per share, or at the holder's option into common shares the Company owns of Falcon Butte at $0.25 (C$0.32) per share; and one Warrant will be issued for every $0.06 of principal New Debentures issued ("New Debentures"). Each Warrant is exercisable into one common share of the Company at an exercise price of $0.06 (C$0.08) for a period of 12 months from the date of issuance. The existing debentures holders that elect not to participate in the replacement offer for New Debentures may instead convert the principal and interest of their existing debentures into units of the Company at $0.045 (C$0.06) per Unit. Each Unit will be comprised of one common share and one share purchase warrant. Each warrant is exercisable into one additional common share at a price of $0.06 (C$0.08) per share for a period of 5 years from the date of issuance. The existing debentures that do not elect for either of the above offers, will have their debentures repaid in cash. On February 16, 2024, the Company issued new convertible debentures totaling $941 to replace the existing debentures with a carrying value of $908. New Debentures holders also received 15,696,883 share purchase warrants, exercisable at $0.06 (C$0.08) per share which expire on February 16, 2025. These warrants were determined to be liability classified as the warrants have an exercise price in a currency other than its functional currency (Notes 7, 10). Based on the terms of the New Debentures, the convertible debentures were determined to be a financial instrument comprising a host debt component, a conversion feature classified as a derivative liability, and freestanding warrants classified as a derivative liability. In this case, as the conversion option on the instrument is bifurcated both before and after the modification or exchange, the Company used the 10% cash flow test. As a result, the change in cash flows were considered not substantial for the convertible debentures issued on June 17, 2022, and July 8, 2022, and extinguishment accounting was not applied. A new effective interest rate was determined and there was no gain or loss recorded on the condensed interim consolidated statements of operations and comprehensive loss. However, the convertible debentures issued on March 2, 2023, surpassed the 10% cash flow test and as a result, the debentures were considered extinguished. A new effective interest was determined and there was a loss on extinguishment recorded on the condensed interim consolidated statements of operations and comprehensive loss. Under ASC 815, for the convertible debentures that did not meet the 10% cash flow test, the amended conversion feature and the replacement warrants were valued using the Black Scholes model and the difference between the fair value of the original conversion feature and amended conversion feature were reflected on the condensed interim consolidated statements of operations and comprehensive loss as a gain/loss on the revaluation of the derivative liabilities. The fair value of the warrants associated with the prior debentures was recognized as a gain/loss and the fair value of the replacement warrants were deducted from the face value of the replacement debentures. For the convertible debentures that surpassed the 10% cash flow test, the fair value of the debentures at maturity were present valued using the new effective interest rate of 44.01% and the conversion feature and replacement warrants were valued using the Black Scholes model. The difference between the present value of the new debentures, conversion feature, replacement warrants and the carrying value of the prior debentures, fair value of the original conversion feature and warrants were recorded on the condensed interim consolidated statements of operations and comprehensive loss as a loss on extinguishment of $55. On March 8, 2024, the Company issued 4,107,998 units and 41,707,215 common shares to settle $1,924 of existing debenture debt with a carrying value of $1,764. The fair value of the shares issued is $2,723 and the fair value of the warrants issued is $59. These warrants were determined to be liability classified as the warrants have an exercise price in a currency other than its functional currency (Notes 7, 10). Certain directors and individuals did not receive warrants with their convertible debenture settlement and will receive these warrants upon the Company's listing on the CSE ("Contingent Warrants"). The Company expects to list in the near future, therefore management concluded that the issuance of the 41,707,215 Contingent Warrants is probable. As such, the fair value of the warrants as at March 8, 2024, of $648 was recognized as a derivative liability at issuance (Note 14). Under ASC 815, the conversion of debt with a bifurcated conversion option should be accounted for under the debt extinguishment accounting model. Therefore, both the debt and the conversion option that is accounted for as a derivative was derecognized at their carrying amounts and the consideration transferred should be measured at its then-current fair value, with any difference recorded as a gain or loss on the extinguishment of the two separate liabilities. The existing debenture settlement resulting in a loss on conversion of $1,690. Additionally, on March 8, 2024, the Company repaid convertible debentures of a total of $831 in cash with a loss of $5. The fair value of the warrants and conversion features were determined using the Black-Scholes Option Pricing Model using the assumptions set out as follows: Initial recognition in 2023 Fair value at December 31, 2023 Initial recognition in 2024 Fair value at June 30, 2024 Risk-free interest rate 4.27% 3.91% 4.07 - 4.41% 3.51 - 4.02% Expected volatility 10% 10% 10% 16.5% Dividend yield 0% 0% 0% 0% Expected life 1.67 years 0.13 - 0.84 years 1 - 5.56 years 0.63 - 5.25 years A continuity schedule of the Company's convertible debt is as follows: Balance as at December 31, 2022 $ 1,874 Issued 1,306 Fair value of conversion feature (280 ) Fair value of warrants (248 ) Accretion 460 Interest 432 Balance as at December 31, 2023 $ 3,544 Issued 211 Extinguished debt - fair value of conversion feature (30 ) Extinguished debt - fair value of warrants (30 ) Modified debt - fair value of warrants (93 ) Accretion 140 Interest 141 Extinguished (150 ) Converted (1,975 ) Repayment (831 ) Loss on repayment 5 Balance as at June 30, 2024 $ 932 |
SHARE CAPITAL
SHARE CAPITAL | 6 Months Ended |
Jun. 30, 2024 | |
Equity [Abstract] | |
SHARE CAPITAL [Text Block] | 9. The Company is authorized to issue an unlimited number of common shares without par value. Share transactions for the six months ended June 30, 2024 a) b) c) d) Share transactions for the six months ended June 30, 2023 e) |
ADDITIONAL PAID-IN CAPITAL
ADDITIONAL PAID-IN CAPITAL | 6 Months Ended |
Jun. 30, 2024 | |
Share-Based Payment Arrangement [Abstract] | |
ADDITIONAL PAID-IN CAPITAL [Text Block] | 10. a) The Company has a stock option plan under which the Company is authorized to grant stock options of up to 20% of the number of common shares issued and outstanding of the Company upon adoption on December 31, 2022. The continuity of the number of stock options issued and outstanding is as follows: As at June 30, 2024 As at December 31, 2023 Number of options Weighted Number of Weighted Outstanding, beginning of period 49,239,020 0.10 29,614,283 0.11 Granted 14,295,000 0.07 23,544,737 0.08 Expired (1,650,000 ) 0.07 (1,370,000 ) 0.06 Cancelled (2,000,000 ) 0.17 (2,450,000 ) 0.10 Exercised (3,063,000 ) 0.08 (100,000 ) 0.06 Outstanding, end of period 56,821,020 0.09 49,239,020 0.10 a) As of June 30, 2024, and December 31, 2023, the number of stock options outstanding and exercisable were: Expiry date Exercise price Number of Remaining Number of August 8, 2024 0.06 500,000 0.11 500,000 June 20, 2025 0.08 2,450,000 0.97 2,450,000 August 18, 2025 0.072 2,394,283 1.13 2,394,283 June 18, 2026 0.25 3,050,000 1.97 3,050,000 September 17, 2026 0.11 3,400,000 2.22 3,400,000 October 21, 2026 0.09 2,700,000 2.31 2,700,000 May 25, 2027 0.085 8,300,000 2.90 8,300,000 March 2, 2028 0.095 350,000 3.67 350,000 July 21, 2028 0.08 19,381,737 4.06 19,381,737 March 1, 2029 0.07 14,295,000 4.67 14,295,000 Balance, June 30, 2024 56,821,020 56,821,020 Expiry date Exercise price Number of Remaining Number of June 21, 2024 0.07 1,900,000 0.47 1,900,000 August 8, 2024 0.06 500,000 0.61 500,000 June 20, 2025 0.08 2,450,000 1.47 2,450,000 August 18, 2025 0.072 2,394,283 1.63 2,394,283 June 18, 2026 0.25 3,950,000 2.47 3,950,000 September 17, 2026 0.11 4,500,000 2.72 4,500,000 October 21, 2026 0.09 2,700,000 2.81 2,700,000 May 25, 2027 0.085 8,300,000 3.40 8,300,000 March 2, 2028 0.095 350,000 4.17 350,000 July 21, 2028 0.080 22,194,737 4.56 22,194,737 Outstanding, December 31, 2023 49,239,020 49,239,020 During the six months ended June 30, 2024, an amount of $660 (2023 - $26) was expensed as share-based payments related to the vesting of options. The portion of share-based payments recorded is based on the vesting schedule of the options. The following weighted average assumptions were applied using the Black-Scholes Option Pricing model used to estimate the weighted average fair value of stock options granted during the six months ended June 30, 2024. a) Six months ended June 30, 2024 Six months ended June 30, 2023 Risk-free interest rate 3.59% 3.66% Expected life (years) 5 5 Annualized volatility 141% 145% Forfeiture rate 0% 0% Dividend yield 0% 0% b) The continuity of the number of share purchase warrants outstanding as of June 30, 2024, and December 31, 2023, is as follows: June 30, 2024 December 31, 2023 Number of Weighted Number of Weighted Outstanding, beginning of period 119,626,027 $ 0.09 101,165,012 $ 0.09 Issued 43,614,402 0.06 18,461,015 0.07 Exercised - - - - Cancelled (32,270,021 ) 0.07 - - Outstanding, end of period 130,970,408 0.08 119,626,027 $ 0.09 The following table summarizes warrants outstanding as of June 30, 2024, and December 31, 2023: Expiry date Currency Exercise price June 30, 2024 December 31, September 13, 2024 USD 0.10 26,488,733 26,488,733 September 27, 2024 USD 0.10 13,152,909 13,152,909 October 21, 2024 USD 0.10 31,672,632 31,672,632 February 17, 2024 USD 0.067 - 16,044,774 March 8, 2024 USD 0.067 - 13,805,964 November 2, 2024 USD 0.070 16,041,732 18,461,015 February 16, 2025 USD 0.06 15,696,882 - March 8, 2029 USD 0.056 23,809,522 - March 8, 2029 USD 0.056 4,107,998 - Outstanding at the end of the period 130,970,408 119,626,027 c) At the 2022 Annual General Meeting, the Company's stockholders approved issuance of common shares from treasury pursuant to the Company's Amended 2021 Restricted Share Unit Plan (the "RSU Plan") and reserved 30,330,661 shares for issuance under the RSU Plan. Under the RSU Plan, if the Company divests its interests, including the option to purchase, absent a merger, sale or similar transaction in a) one of either the Chaco Bear or Ashton projects, then 50% of the total RSUs that have not vested will be cancelled, or b) both the Chaco Bear or Ashton projects, then 100% of the total RSUs that have not vested will be cancelled. There was no activity for Restricted share units ("RSU") during the six months ended June 30, 2024, and 2023. During the six months ended June 30, 2024, an amount of $Nil (2023 - $162) was reversed out of share-based payments related to the cancellations of RSU's. The RSU's were tied to the Chaco Bear and Ashton property option agreements which was terminated on June 1, 2023 as a result, the RSU's were also cancelled. The continuity of the number of RSUs issued and outstanding as of June 30, 2024, and December 31, 2023, is as follows: Number of RSUs Outstanding at December 31, 2022 5,333,334 Cancelled (5,333,334 ) Outstanding at June 30, 2024, and December 31, 2023 - |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 6 Months Ended |
Jun. 30, 2024 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS [Text Block] | 11. The Company's related parties include its directors and officers whose remuneration was as follows, subject to change of control provisions for officers: Three months ended June 30 Six months ended June 30 2024 2023 2024 2023 Salaries $ 99 $ 115 $ 212 $ 230 Directors' fees - - - 21 Share-based payments - (231 ) 281 (162 ) Interest on convertible debenture 20 66 126 104 $ 119 $ (50 ) $ 619 $ 193 Other transactions for the six months ended June 30, 2024 a) b) c) d) e) f) g) Other transactions for the six months ended June 30, 2023 h) |
SEGMENTED INFORMATION
SEGMENTED INFORMATION | 6 Months Ended |
Jun. 30, 2024 | |
Segment Reporting [Abstract] | |
SEGMENTED INFORMATION [Text Block] | 12. The Company operates in one reportable operating segment, being mineral exploration. Geographic segment information relating to the Company's mineral properties as at June 30, 2024, and December 31, 2023, is as follows: June 30, 2024 December 31, 2023 Canada USA Total Canada USA Total Mineral properties $ - $ 7,802 $ 7,802 $ - $ 7,647 $ 7,647 |
COMMITMENTS
COMMITMENTS | 6 Months Ended |
Jun. 30, 2024 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS [Text Block] | 13. COMMITMENTS To acquire certain mineral property interests as per Note 4, the Company must make optional acquisition expenditures to satisfy the terms of existing option agreements, failing which the rights to such mineral properties will revert to the property vendors. |
CONTINGENCIES
CONTINGENCIES | 6 Months Ended |
Jun. 30, 2024 | |
Commitments and Contingencies Disclosure [Abstract] | |
CONTINGENCIES [Text Block] | 14. Water Rights On July 23, 2021, the Company received a notice from the State of Nevada that three water rights permits had been forfeited. Further, the application for an extension of time to prevent forfeiture of a fourth certificate was denied. On August 20, 2021, the Company filed a Petition for Judicial Review of the Forfeiture Notice and has retained legal counsel to undertake the appeal process. SPS subsequently filed and was granted a Stay of the Forfeiture Notice on September 15, 2021. SPS filed its Opening Brief on March 28, 2022. The State Engineer filed its Answering Brief on July 8, 2022. SPS filed its Reply Brief on August 25, 2022. A hearing regarding the status of the forfeiture appeal was held in the Third Judicial Court District in Lyon County on November 4, 2022. On December 6, 2022, the Judge remanded the case back to the State for further written findings based on issues raised at the hearing. On August 30, 2023, SPS received written notice from the Nevada State Engineer in response to the Remand Order that the three water rights applications for Extensions of Time were denied and declared forfeited. The fourth certificate was not forfeited although the Extension of Time has not yet been approved. On September 28, 2023 SPS simultaneously timely filed an Amended Petition for Review and a Complaint for Equitable Relief with the Third Judicial District Court in Lyon County, Nevada seeking judicial relief from the August 30 Forfeiture Notice. On October 10, 2023, the Judge signed an order granting a Stipulated Stay of the August 30, 2023 Forfeiture Notice while the appeal process is ongoing. A hearing regarding both legal paths described above is tentatively scheduled for January 2025. The US firms representing SPS completed the briefing on the Amended Petition for Judicial Review and filed the opening brief on the Complaint for Equitable Relief. The hearing on both matters will occur in early January 2025. The firms interviewed the likely witnesses in the matters and developed the Declarations in Support of the Equitable Relief briefing. The firms await the response brief from the State of Nevada which is due on or before September 6, 2024. Thereafter the firms will determine whether expert or other witness testimony is necessary to the pursuit of the matters. Just as SPS did with the initial forfeiture decision that was remanded by the Court, SPS continues to diligently defend against the wrongful forfeiture of its water rights with clear evidence of the need for those water rights in mine remediation, production and reclamation Contingency Warrants On March 8, 2024, the Company settled a portion of its Existing Debentures with the issuance of units (Note 8). Certain directors and individuals did not receive warrants with their convertible debenture settlement and will receive these warrants upon the Company's listing on the CSE ("Contingent Warrants"). The Company expects to list in the near future, therefore management concluded that the issuance of the 41,707,215 Contingent Warrants is probable (Note 8). |
FINANCIAL INSTRUMENT RISKS
FINANCIAL INSTRUMENT RISKS | 6 Months Ended |
Jun. 30, 2024 | |
Investments, All Other Investments [Abstract] | |
FINANCIAL INSTRUMENT RISKS [Text Block] | 15. The board of directors has overall responsibility for establishing and oversight of the Company's risk management framework. The Company examines the various financial instrument risks to which it is exposed and assesses the impact and likelihood of those risks. Financial instruments consist of cash and cash equivalents, accounts payable, accrued liabilities, lease liabilities, Rio Tinto deposit, SAFE notes, convertible debentures, derivative liabilities. Financial instruments recorded at fair value on the consolidated statements of financial position are classified using a fair value hierarchy that reflects the significance of the inputs used in making the measurements. 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 activities expose it to financial risks of varying degrees of significance, which could affect its ability to achieve its strategic objectives for growth and stockholder returns. The principal financial risks to which the Company is exposed are, liquidity risk, currency risk, interest rate risk, credit risk and commodity price risk. The Board of Directors has overall responsibility for the establishment and oversight of the Company's risk management framework and reviews the Company's policies on an ongoing basis. The carrying values of cash, accounts payable, accrued liabilities and Rio Tinto deposit approximate their fair values because of their immediate or short term to maturity and the Company's convertible debentures and lease liabilities are recorded at amortized cost. The Company's derivative liabilities is measured at its fair value at the end of each reporting period and is categorized as Level 2 in the fair value hierarchy. a) Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they fall due. The Company manages liquidity risk through the management of its capital structure. To mitigate this risk, the Company has a planning and budgeting process in place to determine the funds required to support its ongoing operations and capital expenditures. The Company ensures that sufficient funds are raised from equity offerings or debt financings to meet its operating requirements, after considering existing cash and expected exercise of stock options and share purchase warrants. See Note 1 for further discussion. b) Currency risk Foreign exchange risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The Company operates in the United States and Canada; therefore, it is exposed to currency risk from transactions denominated in CAD. Currently, the Company does not have any foreign exchange hedge programs and manages its operational CAD requirements through spot purchases in the foreign exchange markets. Based on CAD financial assets and liabilities' magnitude, the Company does not have material sensitivity to CAD to USD exchange rates. c) Interest rate risk Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate due to changes in market interest rates. The Company is exposed to the interest rate risk on its liabilities through its outstanding borrowings and the interest earned on cash balances. The Company monitors its exposure to interest rates and maintains an investment policy that focuses primarily on the preservation of capital and liquidity. d) Credit risk Credit risk is the risk of a financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations. The Company is exposed to credit risk through its cash and cash equivalents. Cash and cash equivalents are held in large Canadian and US financial institutions that have high credit ratings assigned by international credit rating agencies. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 6 Months Ended |
Jun. 30, 2024 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS [Text Block] | 16. In July 2024, the Company granted a total of 9,200,000 stock options exercisable at $0.058 (C$0.08) to certain officers and directors. 1,700,000 are fully vested on the grant date and 7,500,000 are subject to vesting milestones over five years. In July 2024, 7,500,000 stock options issued to directors with grant dates from September 17, 2021 to July 21, 2023 were cancelled. |
BASIS OF PRESENTATION (Tables)
BASIS OF PRESENTATION (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Basis Of Accounting Disclosure [Abstract] | |
Schedule of subsidiaries ownership percentage [Table Text Block] | Percentage ownership Subsidiaries June 30, 2024 December 31, 2023 Country of incorporation Quaterra Alaska Inc. ("Quaterra Alaska") 100.0% 100.0% USA Singatse Peak Services, LLC ("SPS") 100.0% 100.0% USA Falcon Copper Corp ("FCC") (Formerly Blue Copper Resources Corp ("BCRC")) 43.46% 47.7% USA Blue Copper LLC 43.46% indirect through FCC 47.7% indirect through FCC USA Blue Copper Royalties LLC ("BCR LLC") 48.8% 48.8% USA Falcon Services, LLC (FSL") 43.46% indirect through FCC 47.7% indirect through FCC USA |
MINERAL PROPERTIES (Tables)
MINERAL PROPERTIES (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Mineral Industries Disclosures [Abstract] | |
Schedule of mineral property acquisition costs [Table Text Block] | Singatse Peak Services ("SPS") Lion CG ("LCG") Falcon Copper Corp (formerly Blue Copper Resources (In thousands of MacArthur Yerington Bear Wassuk Copper Canyon Chaco Bear & Blue Copper Muncy Total $ $ $ $ $ $ $ $ $ Balance December 31, 2022 2,489 1,195 1,575 1,405 - 602 618 - 7,884 Acquisition costs - - 231 - 10 - 260 95 596 Impairment - - - - - (602 ) - - (602 ) Paid by Rio Tinto - - (231 ) - - - - - (231 ) Total additions (disposals) for the year - - - - 10 (602 ) 260 95 (237 ) Balance December 31, 2023 2,489 1,195 1,575 1,405 10 - 878 95 7,647 Acquisition costs - - 131 - - - 150 5 286 Paid by Rio Tinto - - (131 ) - - - - - (131 ) Total additions for the period - - - - - - 150 5 155 Balance June 30, 2024 2,489 1,195 1,575 1,405 10 - 1,028 100 7,802 |
Schedule of exploration expenditures recorded on the statement of loss and comprehensive loss [Table Text Block] | Singatse Peak Services Falcon Copper Corp (In thousands of U.S. dollars) MacArthur Yerington Bear Blue Copper Muncy Pioneer Recon Total $ $ $ $ $ $ $ $ Property maintenance 4 405 - 60 - - - 469 Assay & Labs 109 89 44 - - - - 242 Drilling 366 1,179 1,465 - - - - 3,010 Environmental 40 460 - - - - - 500 Geological & mapping - - - - - - - - Geophysical surveys - 45 - - 29 - - 74 Technical study - 705 - - - - - 705 Field support - 1 18 28 - 1 1 49 Total expenses incurred 519 2,884 1,527 88 29 1 1 5,049 Total Expenditures funded by Rio Tinto (519 ) (2,884 ) (1,527 ) - - - - (4,930 ) Total Expenditures funded by Lion CG - - - 88 29 1 1 119 Singatse Peak Services Lion CG Falcon Copper Corp (In thousands of U.S dollars) MacArthur Yerington Bear Wassuk Prospects Chaco Ground Blue Copper Recon Nevada Arizona Total $ $ $ $ $ $ $ $ $ $ $ Property maintenance - 6 - 1 - - - 58 - - - 65 Assay & Labs 47 21 32 - 59 - - - - - - 159 Drilling 190 3 1,218 - 303 - - - - - - 1,714 Environmental 5 136 - - - - - - - - - 141 Geological & mapping - - - - - - - 4 - - - 4 Geophysical surveys 3 5 4 - - - - 104 10 6 90 222 Technical study - 641 - - - - - 2 - - - 643 Field support - - 44 - - - 45 212 - 145 15 461 Total expenses incurred 245 812 1,298 1 362 - 45 380 10 151 105 3,409 Total Expenditures funded by Rio Tinto (245 ) (812 ) (1,298 ) (1 ) (362 ) - - - - - - (2,718 ) Total Expenditures funded by Lion CG - - - - - - 45 380 10 151 105 691 |
Schedule of Rio Tinto deposit [Table Text Block] | Balance December 31, 2022 $ 613 Proceeds received 7,500 Funds applied to reclamation deposit (9 ) Funds applied to capitalized acquisition costs (Note 4) (231 ) Funds applied to exploration expenditures (4,739 ) Funds applied to general operating expenditures (1,777 ) Balance December 31, 2023 $ 1,357 Proceeds received 11,500 Funds applied to prepaids (148 ) Funds applied to capitalized acquisition costs (Note 4) (131 ) Funds applied to exploration expenditures (Note 4) (4,930 ) Funds applied to general operating expenditures (1,390 ) Balance June 30, 2024 $ 6,258 |
INVESTMENT IN ASSOCIATE (Tables
INVESTMENT IN ASSOCIATE (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Schedule of summarized balance sheet [Table Text Block] | June 30, 2024 December 31, 2023 Assets Cash $ 599 $ 1,375 Receivables 13 10 Financial asset - Convertible loan receivable 100 - Prepaids & deposits 25 54 Exploration and evaluation assets 2,904 2,904 Total Assets $ 3,641 $ 4,343 Liabilities Accounts payable & accrued liabilities $ 35 $ 70 Freeport deposit - 397 Derivative liabilities 132 490 Total Liabilities $ 167 $ 957 |
Schedule of summarized statement of loss [Table Text Block] | Six months ended June 30, 2024 Six months ended June 30, 2023 Operating expenses General and administrative expenses $ 2,243 $ 1,208 Total operating expenses 2,243 1,208 Fair value (gain) loss on derivative liability (344 ) (90 ) Other income (244 ) (1,314 ) Foreign exchange loss (gain) (134 ) 217 Net loss (income) $ 1,521 $ 21 |
Schedule of investment in associate [Table Text Block] | Balance December 31, 2022 $ 1,504 Transfer of shares to the former CEO (10 ) Company's share of net loss (288 ) Balance December 31, 2023 $ 1,206 Company's share of net loss (312 ) Balance June 30, 2024 $ 894 |
NON-CONTROLLING INTEREST (Table
NON-CONTROLLING INTEREST (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Noncontrolling Interest [Abstract] | |
Schedule of balance recognized as NCI [Table Text Block] | Balance December 31, 2022 $ 388 Issuance of common shares for conversion of SAFE notes 1,536 Issuance of common shares equity financing 2,000 Issuance of common shares 275 Net loss and comprehensive loss attributable to NCI (1,082 ) Balance December 31, 2023 $ 3,117 Issuance of common shares 1,350 Net loss and comprehensive loss attributable to NCI (409 ) Balance June 30, 2024 $ 4,058 |
DERIVATIVE LIABILITIES (Tables)
DERIVATIVE LIABILITIES (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Schedule of derivative liabilities at fair value [Table Text Block] | Balance December 31, 2022 4 Issuance of Warrants (Note 8) 280 Issuance of convertible debentures with conversion feature (Note 8) 248 Fair value change on derivative liabilities (356 ) Balance December 31, 2023 $ 176 Issuance of warrants for private placement (Note 10) 346 Issuance of warrants upon conversion of existing debentures (Note 8) 60 Issuance of contingent warrants upon conversion of existing debentures (Note 8) 649 Issuance of warrants and conversion feature for extinguishment of existing debentures (Note 8) 55 Modification of warrants upon restructuring of debentures (Note 8) 109 Modification of conversion feature upon restructuring of debentures (Note 8) 129 Fair value change on derivative liabilities (399 ) Balance June 30, 2024 $ 1,125 |
CONVERTIBLE DEBENTURES (Tables)
CONVERTIBLE DEBENTURES (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Convertible Debt [Abstract] | |
Schedule of fair value of conversion feature [Table Text Block] | Initial recognition in 2023 Fair value at December 31, 2023 Initial recognition in 2024 Fair value at June 30, 2024 Risk-free interest rate 4.27% 3.91% 4.07 - 4.41% 3.51 - 4.02% Expected volatility 10% 10% 10% 16.5% Dividend yield 0% 0% 0% 0% Expected life 1.67 years 0.13 - 0.84 years 1 - 5.56 years 0.63 - 5.25 years |
Schedule of convertible debt [Table Text Block] | Balance as at December 31, 2022 $ 1,874 Issued 1,306 Fair value of conversion feature (280 ) Fair value of warrants (248 ) Accretion 460 Interest 432 Balance as at December 31, 2023 $ 3,544 Issued 211 Extinguished debt - fair value of conversion feature (30 ) Extinguished debt - fair value of warrants (30 ) Modified debt - fair value of warrants (93 ) Accretion 140 Interest 141 Extinguished (150 ) Converted (1,975 ) Repayment (831 ) Loss on repayment 5 Balance as at June 30, 2024 $ 932 |
ADDITIONAL PAID-IN CAPITAL (Tab
ADDITIONAL PAID-IN CAPITAL (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Share-Based Payment Arrangement [Abstract] | |
Schedule of number of stock options issued and outstanding [Table Text Block] | As at June 30, 2024 As at December 31, 2023 Number of options Weighted Number of Weighted Outstanding, beginning of period 49,239,020 0.10 29,614,283 0.11 Granted 14,295,000 0.07 23,544,737 0.08 Expired (1,650,000 ) 0.07 (1,370,000 ) 0.06 Cancelled (2,000,000 ) 0.17 (2,450,000 ) 0.10 Exercised (3,063,000 ) 0.08 (100,000 ) 0.06 Outstanding, end of period 56,821,020 0.09 49,239,020 0.10 |
Schedule of number of outstanding and exercisable stock options based on expiry date [Table Text Block] | Expiry date Exercise price Number of Remaining Number of August 8, 2024 0.06 500,000 0.11 500,000 June 20, 2025 0.08 2,450,000 0.97 2,450,000 August 18, 2025 0.072 2,394,283 1.13 2,394,283 June 18, 2026 0.25 3,050,000 1.97 3,050,000 September 17, 2026 0.11 3,400,000 2.22 3,400,000 October 21, 2026 0.09 2,700,000 2.31 2,700,000 May 25, 2027 0.085 8,300,000 2.90 8,300,000 March 2, 2028 0.095 350,000 3.67 350,000 July 21, 2028 0.08 19,381,737 4.06 19,381,737 March 1, 2029 0.07 14,295,000 4.67 14,295,000 Balance, June 30, 2024 56,821,020 56,821,020 Expiry date Exercise price Number of Remaining Number of June 21, 2024 0.07 1,900,000 0.47 1,900,000 August 8, 2024 0.06 500,000 0.61 500,000 June 20, 2025 0.08 2,450,000 1.47 2,450,000 August 18, 2025 0.072 2,394,283 1.63 2,394,283 June 18, 2026 0.25 3,950,000 2.47 3,950,000 September 17, 2026 0.11 4,500,000 2.72 4,500,000 October 21, 2026 0.09 2,700,000 2.81 2,700,000 May 25, 2027 0.085 8,300,000 3.40 8,300,000 March 2, 2028 0.095 350,000 4.17 350,000 July 21, 2028 0.080 22,194,737 4.56 22,194,737 Outstanding, December 31, 2023 49,239,020 49,239,020 |
Schedule of assumptions used to calculate fair value of stock options granted [Table Text Block] | Six months ended June 30, 2024 Six months ended June 30, 2023 Risk-free interest rate 3.59% 3.66% Expected life (years) 5 5 Annualized volatility 141% 145% Forfeiture rate 0% 0% Dividend yield 0% 0% |
Schedule of number of warrants issued and outstanding [Table Text Block] | June 30, 2024 December 31, 2023 Number of Weighted Number of Weighted Outstanding, beginning of period 119,626,027 $ 0.09 101,165,012 $ 0.09 Issued 43,614,402 0.06 18,461,015 0.07 Exercised - - - - Cancelled (32,270,021 ) 0.07 - - Outstanding, end of period 130,970,408 0.08 119,626,027 $ 0.09 |
Schedule of number of outstanding warrants based on expiry date [Table Text Block] | Expiry date Currency Exercise price June 30, 2024 December 31, September 13, 2024 USD 0.10 26,488,733 26,488,733 September 27, 2024 USD 0.10 13,152,909 13,152,909 October 21, 2024 USD 0.10 31,672,632 31,672,632 February 17, 2024 USD 0.067 - 16,044,774 March 8, 2024 USD 0.067 - 13,805,964 November 2, 2024 USD 0.070 16,041,732 18,461,015 February 16, 2025 USD 0.06 15,696,882 - March 8, 2029 USD 0.056 23,809,522 - March 8, 2029 USD 0.056 4,107,998 - Outstanding at the end of the period 130,970,408 119,626,027 |
Schedule of number of RSUs issued and outstanding [Table Text Block] | Number of RSUs Outstanding at December 31, 2022 5,333,334 Cancelled (5,333,334 ) Outstanding at June 30, 2024, and December 31, 2023 - |
RELATED PARTY TRANSACTIONS (Tab
RELATED PARTY TRANSACTIONS (Tables) | 3 Months Ended |
Jun. 30, 2024 | |
Related Party Transactions [Abstract] | |
Schedule of directors and officers remuneration [Table Text Block] | Three months ended June 30 Six months ended June 30 2024 2023 2024 2023 Salaries $ 99 $ 115 $ 212 $ 230 Directors' fees - - - 21 Share-based payments - (231 ) 281 (162 ) Interest on convertible debenture 20 66 126 104 $ 119 $ (50 ) $ 619 $ 193 |
SEGMENTED INFORMATION (Tables)
SEGMENTED INFORMATION (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Segment Reporting [Abstract] | |
Schedule of segment reporting information, by segment [Table Text Block] | June 30, 2024 December 31, 2023 Canada USA Total Canada USA Total Mineral properties $ - $ 7,802 $ 7,802 $ - $ 7,647 $ 7,647 |
NATURE OF OPERATIONS AND GOIN_2
NATURE OF OPERATIONS AND GOING CONCERN (Narrative) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||
Net loss | $ (1,174) | $ 139 | $ (3,627) | $ (1,977) | |
Cash and cash equivalents | 8,318 | 8,318 | $ 2,310 | ||
Working capital deficit | (589) | (589) | (2,854) | ||
Accumulated deficit | $ (129,881) | $ (129,881) | $ (126,663) |
BASIS OF PRESENTATION - Schedul
BASIS OF PRESENTATION - Schedule of subsidiaries ownership percentage (Details) | Jun. 30, 2024 | Dec. 31, 2023 | Jun. 30, 2023 |
Quaterra Alaska Inc. ("Quaterra Alaska") [Member] | |||
Basis Of Presentation [Line Items] | |||
Percentage of ownership | 100% | 100% | |
Singatse Peak Services, LLC ("SPS") [Member] | |||
Basis Of Presentation [Line Items] | |||
Percentage of ownership | 100% | 100% | |
Falcon Copper Corp ("FCC") (Formerly Blue Copper Resources Corp ("BCRC")) [Member] | |||
Basis Of Presentation [Line Items] | |||
Percentage of ownership | 43.46% | 47.70% | 48.80% |
Blue Copper LLC [Member] | |||
Basis Of Presentation [Line Items] | |||
Percentage of ownership | 43.46% | 47.70% | |
Blue Copper Royalties, LLC [Member] | |||
Basis Of Presentation [Line Items] | |||
Percentage of ownership | 48.80% | 48.80% | |
Falcon Services, LLC [Member] | |||
Basis Of Presentation [Line Items] | |||
Percentage of ownership | 43.46% | 47.70% |
SIGNIFICANT ACCOUNTING POLICI_2
SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) | Jun. 30, 2024 | Dec. 31, 2023 | Jun. 30, 2023 |
Falcon Copper Corp [Member] | |||
Accounting Policies [Line Items] | |||
Percentage of ownership | 43.46% | 47.70% | 48.80% |
MINERAL PROPERTIES (Narrative)
MINERAL PROPERTIES (Narrative) (Details) - USD ($) $ in Thousands | 1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | 27 Months Ended | ||||||||||||
Jan. 04, 2024 | Oct. 05, 2023 | Aug. 21, 2023 | Nov. 22, 2023 | Mar. 18, 2022 | Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023 | May 31, 2015 | Jul. 01, 2024 | Feb. 18, 2024 | Jan. 13, 2023 | Dec. 22, 2022 | Apr. 27, 2022 | Aug. 25, 2021 | |
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||||||||||||||
Payments to acquire mineral rights | $ 286 | $ 596 | |||||||||||||||
General and administrative expenses | $ 117 | $ 68 | $ 240 | $ 124 | |||||||||||||
Impairment expense | $ 602 | ||||||||||||||||
Singatse Peak Services [Member] | |||||||||||||||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||||||||||||||
Percentage of ownership | 100% | 100% | 100% | ||||||||||||||
Singatse Peak Services [Member] | Macarthur, Yerington and Wassuk Properties [Member] | |||||||||||||||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||||||||||||||
Ownership interest | 100% | 100% | |||||||||||||||
Singatse Peak Services [Member] | MacArthur Project [Member] | |||||||||||||||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||||||||||||||
Net smelter return royalty | 2% | 2% | |||||||||||||||
Potential net smelter return royalty in exchange for consideration | 1% | 1% | |||||||||||||||
Consideration required for decreased net smelter return royalty | $ 1,000 | $ 1,000 | |||||||||||||||
Singatse Peak Services [Member] | Yerington Mine Property [Member] | |||||||||||||||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||||||||||||||
Net smelter return royalty | 2% | 2% | |||||||||||||||
Total lifetime royalty is capped | $ 7,500 | $ 7,500 | |||||||||||||||
Singatse Peak Services [Member] | Bear Deposit, Nevada [Member] | |||||||||||||||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||||||||||||||
Ownership option | 100% | 100% | 100% | ||||||||||||||
Option agreement, obligated cash payments | $ 5,988 | ||||||||||||||||
Payments to acquire mineral rights | $ 131 | $ 231 | $ 5,454 | ||||||||||||||
Option agreement, obligated cash payments next four years | $ 404 | 404 | |||||||||||||||
Net smelter return royalty | 2% | ||||||||||||||||
Potential net smelter return royalty in exchange for consideration | 1% | ||||||||||||||||
Consideration required for decreased net smelter return royalty | $ 1,250 | ||||||||||||||||
Impairment expense | 0 | ||||||||||||||||
Singatse Peak Services [Member] | Bear Deposit, Nevada [Member] | Taylor [Member] | |||||||||||||||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||||||||||||||
Option agreement, obligated cash payments | 1,250 | 1,250 | |||||||||||||||
Singatse Peak Services [Member] | Bear Deposit, Nevada [Member] | Chisum [Member] | |||||||||||||||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||||||||||||||
Option agreement, obligated cash payments | 250 | 250 | |||||||||||||||
Per year payment required | 50 | ||||||||||||||||
Singatse Peak Services [Member] | Bear Deposit, Nevada [Member] | Yerington Mining [Member] | |||||||||||||||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||||||||||||||
Option agreement, obligated cash payments | 5,000 | 5,000 | |||||||||||||||
Singatse Peak Services [Member] | Bear Deposit, Nevada [Member] | Circle Bar N [Member] | Purchase option on or before June 15, 2025 [Member] | |||||||||||||||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||||||||||||||
Option agreement, obligated cash payments | 12,000 | 12,000 | |||||||||||||||
Singatse Peak Services [Member] | Bear Deposit, Nevada [Member] | Circle Bar N [Member] | Purchase option June 16, 2025 - June 15, 2026 [Member] | |||||||||||||||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||||||||||||||
Option agreement, obligated cash payments | 13,000 | 13,000 | |||||||||||||||
Singatse Peak Services [Member] | Bear Deposit, Nevada [Member] | Circle Bar N [Member] | Purchase option June 16, 2026 - June 15, 2027 [Member] | |||||||||||||||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||||||||||||||
Option agreement, obligated cash payments | 14,000 | 14,000 | |||||||||||||||
Singatse Peak Services [Member] | Bear Deposit, Nevada [Member] | Circle Bar N [Member] | Purchase option June 16, 2027 - June 15, 2028 [Member] | |||||||||||||||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||||||||||||||
Option agreement, obligated cash payments | 15,000 | 15,000 | |||||||||||||||
Singatse Peak Services [Member] | Bear Deposit, Nevada [Member] | Circle Bar N [Member] | Purchase option June 16, 2028 - June 15, 2029 [Member] | |||||||||||||||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||||||||||||||
Option agreement, obligated cash payments | 16,000 | 16,000 | |||||||||||||||
Singatse Peak Services [Member] | Bear Deposit, Nevada [Member] | Desert Pearl Farms [Member] | |||||||||||||||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||||||||||||||
Option agreement, obligated cash payments | $ 22,770 | 22,770 | |||||||||||||||
Singatse Peak Services [Member] | Wassuk, Nevada [Member] | |||||||||||||||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||||||||||||||
Payments to acquire mineral rights | $ 0 | 0 | |||||||||||||||
Net smelter return royalty | 3% | 3% | |||||||||||||||
Potential net smelter return royalty in exchange for consideration | 2% | 2% | |||||||||||||||
Consideration required for decreased net smelter return royalty | $ 1,500 | $ 1,500 | |||||||||||||||
Impairment expense | 0 | ||||||||||||||||
Singatse Peak Services [Member] | Copper Canyon, Nevada [Member] | |||||||||||||||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||||||||||||||
Payments to acquire mineral rights | $ 10 | 0 | 10 | ||||||||||||||
Fees and reimburse convergent percent | 5% | ||||||||||||||||
Exploration expenditures | $ 2,000 | ||||||||||||||||
Maximum exploration costs | $ 100 | ||||||||||||||||
Impairment expense | $ 0 | ||||||||||||||||
Lion CG [Member] | Chaco Bear and Ashton Properties [Member] | |||||||||||||||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||||||||||||||
Ownership option | 100% | 100% | |||||||||||||||
Payments to acquire mineral rights | $ 0 | $ 0 | |||||||||||||||
Impairment expense | $ 602 | $ 602 | |||||||||||||||
Falcon Copper Corp [Member] | |||||||||||||||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||||||||||||||
Percentage of ownership | 43.46% | 48.80% | 43.46% | 48.80% | 47.70% | ||||||||||||
Evaluation expenditures | $ 31 | ||||||||||||||||
Falcon Copper Corp [Member] | Muncy Property [Member] | Joint Venture Agreement [Member] | |||||||||||||||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||||||||||||||
Ownership option | 100% | ||||||||||||||||
Option agreement, obligated cash payments | $ 95 | $ 51 | $ 5 | ||||||||||||||
Option agreement, expenditure commitment | 70% | ||||||||||||||||
Net smelter return royalty | 2% | ||||||||||||||||
Potential net smelter return royalty in exchange for consideration | 1% | ||||||||||||||||
Consideration required for decreased net smelter return royalty | $ 10,000 | ||||||||||||||||
Exploration expenditures | $ 1,500 | ||||||||||||||||
Falcon Copper Corp [Member] | Cabin Property [Member] | Joint Venture Agreement [Member] | |||||||||||||||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||||||||||||||
Option agreement, expenditure commitment | 70% | ||||||||||||||||
Net smelter return royalty | 2% | ||||||||||||||||
Exploration expenditures | $ 1,000 | ||||||||||||||||
Rio Tinto [Member] | Option to Earn-in Agreement [Member] | |||||||||||||||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||||||||||||||
Option to earn interest in assets | 65% | ||||||||||||||||
Exclusive earn in options | $ 10,000 | $ 7,500 | |||||||||||||||
Rio Tinto [Member] | Option to Earn-in Agreement [Member] | Work Program Stage One [Member] | |||||||||||||||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||||||||||||||
Exclusive earn in options | $ 4,000 | ||||||||||||||||
Rio Tinto [Member] | Option to Earn-in Agreement [Member] | Work Program Stage Two [Member] | |||||||||||||||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||||||||||||||
Exclusive earn in options | 5,000 | 5,000 | |||||||||||||||
Study and evaluation works | $ 5,000 | ||||||||||||||||
General and administrative expenses | $ 50 | ||||||||||||||||
Rio Tinto [Member] | Option to Earn-in Agreement [Member] | Work Program Stage Three [Member] | |||||||||||||||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||||||||||||||
Exclusive earn in options | $ 2,500 | ||||||||||||||||
Feasibility study | $ 50,000 | $ 50,000 | |||||||||||||||
Development costs | $ 11,500 |
MINERAL PROPERTIES - Schedule o
MINERAL PROPERTIES - Schedule of mineral property acquisition costs (Details) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | 27 Months Ended | ||
Aug. 21, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023 | May 31, 2015 | |
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||
Beginning Balance | $ 7,647 | $ 7,884 | $ 7,884 | ||
Acquisition costs | 286 | 596 | |||
Impairment | (602) | ||||
Paid by Rio Tinto | (131) | (231) | |||
Total additions (disposals) for the year | 155 | (237) | |||
Ending Balance | 7,802 | 7,647 | |||
Singatse Peak Services [Member] | MacArthur [Member] | |||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||
Beginning Balance | 2,489 | 2,489 | 2,489 | ||
Acquisition costs | 0 | 0 | |||
Impairment | 0 | ||||
Paid by Rio Tinto | 0 | 0 | |||
Total additions (disposals) for the year | 0 | 0 | |||
Ending Balance | 2,489 | 2,489 | |||
Singatse Peak Services [Member] | Yerington [Member] | |||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||
Beginning Balance | 1,195 | 1,195 | 1,195 | ||
Acquisition costs | 0 | 0 | |||
Impairment | 0 | ||||
Paid by Rio Tinto | 0 | 0 | |||
Total additions (disposals) for the year | 0 | 0 | |||
Ending Balance | 1,195 | 1,195 | |||
Singatse Peak Services [Member] | Bear [Member] | |||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||
Beginning Balance | 1,575 | 1,575 | 1,575 | ||
Acquisition costs | 131 | 231 | $ 5,454 | ||
Impairment | 0 | ||||
Paid by Rio Tinto | (131) | (231) | |||
Total additions (disposals) for the year | 0 | 0 | |||
Ending Balance | 1,575 | 1,575 | |||
Singatse Peak Services [Member] | Wassuk [Member] | |||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||
Beginning Balance | 1,405 | 1,405 | 1,405 | ||
Acquisition costs | 0 | 0 | |||
Impairment | 0 | ||||
Paid by Rio Tinto | 0 | 0 | |||
Total additions (disposals) for the year | 0 | 0 | |||
Ending Balance | 1,405 | 1,405 | |||
Singatse Peak Services [Member] | Copper Canyon [Member] | |||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||
Beginning Balance | 10 | 0 | 0 | ||
Acquisition costs | $ 10 | 0 | 10 | ||
Impairment | 0 | ||||
Paid by Rio Tinto | 0 | 0 | |||
Total additions (disposals) for the year | 0 | 10 | |||
Ending Balance | 10 | 10 | |||
Lion CG [Member] | Chaco Bear & Ashton [Member] | |||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||
Beginning Balance | 0 | 602 | 602 | ||
Acquisition costs | 0 | 0 | |||
Impairment | (602) | (602) | |||
Paid by Rio Tinto | 0 | 0 | |||
Total additions (disposals) for the year | 0 | (602) | |||
Ending Balance | 0 | 0 | |||
Falcon Copper Corp [Member] | Blue Copper [Member] | |||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||
Beginning Balance | 878 | 618 | 618 | ||
Acquisition costs | 150 | 260 | |||
Impairment | 0 | ||||
Paid by Rio Tinto | 0 | 0 | |||
Total additions (disposals) for the year | 150 | 260 | |||
Ending Balance | 1,028 | 878 | |||
Falcon Copper Corp [Member] | Muncy [Member] | |||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | |||||
Beginning Balance | 95 | $ 0 | 0 | ||
Acquisition costs | 5 | 95 | |||
Impairment | 0 | ||||
Paid by Rio Tinto | 0 | 0 | |||
Total additions (disposals) for the year | 5 | 95 | |||
Ending Balance | $ 100 | $ 95 |
MINERAL PROPERTIES - Schedule_2
MINERAL PROPERTIES - Schedule of exploration expenditures recorded on the statement of loss and comprehensive loss (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | $ 2,389 | $ 2,159 | $ 5,049 | $ 3,409 |
Property Maintenance [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 469 | 65 | ||
Assay & Labs [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 242 | 159 | ||
Drilling [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 3,010 | 1,714 | ||
Environmental [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 500 | 141 | ||
Geological & Mapping [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | 4 | ||
Geophysical Surveys [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 74 | 222 | ||
Technical Study [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 705 | 643 | ||
Field Support [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 49 | 461 | ||
Rio Tinto [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | (4,930) | (2,718) | ||
Lion CG [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 119 | 691 | ||
Singatse Peak Services [Member] | MacArthur [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 519 | 245 | ||
Singatse Peak Services [Member] | MacArthur [Member] | Property Maintenance [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 4 | 0 | ||
Singatse Peak Services [Member] | MacArthur [Member] | Assay & Labs [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 109 | 47 | ||
Singatse Peak Services [Member] | MacArthur [Member] | Drilling [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 366 | 190 | ||
Singatse Peak Services [Member] | MacArthur [Member] | Environmental [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 40 | 5 | ||
Singatse Peak Services [Member] | MacArthur [Member] | Geological & Mapping [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | 0 | ||
Singatse Peak Services [Member] | MacArthur [Member] | Geophysical Surveys [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | 3 | ||
Singatse Peak Services [Member] | MacArthur [Member] | Technical Study [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | 0 | ||
Singatse Peak Services [Member] | MacArthur [Member] | Field Support [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | 0 | ||
Singatse Peak Services [Member] | MacArthur [Member] | Rio Tinto [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | (519) | (245) | ||
Singatse Peak Services [Member] | MacArthur [Member] | Lion CG [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | 0 | ||
Singatse Peak Services [Member] | Yerington [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 2,884 | 812 | ||
Singatse Peak Services [Member] | Yerington [Member] | Property Maintenance [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 405 | 6 | ||
Singatse Peak Services [Member] | Yerington [Member] | Assay & Labs [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 89 | 21 | ||
Singatse Peak Services [Member] | Yerington [Member] | Drilling [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 1,179 | 3 | ||
Singatse Peak Services [Member] | Yerington [Member] | Environmental [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 460 | 136 | ||
Singatse Peak Services [Member] | Yerington [Member] | Geological & Mapping [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | 0 | ||
Singatse Peak Services [Member] | Yerington [Member] | Geophysical Surveys [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 45 | 5 | ||
Singatse Peak Services [Member] | Yerington [Member] | Technical Study [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 705 | 641 | ||
Singatse Peak Services [Member] | Yerington [Member] | Field Support [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 1 | 0 | ||
Singatse Peak Services [Member] | Yerington [Member] | Rio Tinto [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | (2,884) | (812) | ||
Singatse Peak Services [Member] | Yerington [Member] | Lion CG [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | 0 | ||
Singatse Peak Services [Member] | Bear [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 1,527 | 1,298 | ||
Singatse Peak Services [Member] | Bear [Member] | Property Maintenance [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | 0 | ||
Singatse Peak Services [Member] | Bear [Member] | Assay & Labs [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 44 | 32 | ||
Singatse Peak Services [Member] | Bear [Member] | Drilling [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 1,465 | 1,218 | ||
Singatse Peak Services [Member] | Bear [Member] | Environmental [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | 0 | ||
Singatse Peak Services [Member] | Bear [Member] | Geological & Mapping [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | 0 | ||
Singatse Peak Services [Member] | Bear [Member] | Geophysical Surveys [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | 4 | ||
Singatse Peak Services [Member] | Bear [Member] | Technical Study [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | 0 | ||
Singatse Peak Services [Member] | Bear [Member] | Field Support [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 18 | 44 | ||
Singatse Peak Services [Member] | Bear [Member] | Rio Tinto [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | (1,527) | (1,298) | ||
Singatse Peak Services [Member] | Bear [Member] | Lion CG [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | 0 | ||
Singatse Peak Services [Member] | Wassuk [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 1 | |||
Singatse Peak Services [Member] | Wassuk [Member] | Property Maintenance [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 1 | |||
Singatse Peak Services [Member] | Wassuk [Member] | Assay & Labs [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Singatse Peak Services [Member] | Wassuk [Member] | Drilling [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Singatse Peak Services [Member] | Wassuk [Member] | Environmental [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Singatse Peak Services [Member] | Wassuk [Member] | Geological & Mapping [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Singatse Peak Services [Member] | Wassuk [Member] | Geophysical Surveys [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Singatse Peak Services [Member] | Wassuk [Member] | Technical Study [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Singatse Peak Services [Member] | Wassuk [Member] | Field Support [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Singatse Peak Services [Member] | Wassuk [Member] | Rio Tinto [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | (1) | |||
Singatse Peak Services [Member] | Wassuk [Member] | Lion CG [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Singatse Peak Services [Member] | Prospects [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 362 | |||
Singatse Peak Services [Member] | Prospects [Member] | Property Maintenance [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Singatse Peak Services [Member] | Prospects [Member] | Assay & Labs [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 59 | |||
Singatse Peak Services [Member] | Prospects [Member] | Drilling [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 303 | |||
Singatse Peak Services [Member] | Prospects [Member] | Environmental [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Singatse Peak Services [Member] | Prospects [Member] | Geological & Mapping [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Singatse Peak Services [Member] | Prospects [Member] | Geophysical Surveys [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Singatse Peak Services [Member] | Prospects [Member] | Technical Study [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Singatse Peak Services [Member] | Prospects [Member] | Field Support [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Singatse Peak Services [Member] | Prospects [Member] | Rio Tinto [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | (362) | |||
Singatse Peak Services [Member] | Prospects [Member] | Lion CG [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Lion CG [Member] | Chaco Bear & Ashton [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Lion CG [Member] | Chaco Bear & Ashton [Member] | Property Maintenance [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Lion CG [Member] | Chaco Bear & Ashton [Member] | Assay & Labs [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Lion CG [Member] | Chaco Bear & Ashton [Member] | Drilling [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Lion CG [Member] | Chaco Bear & Ashton [Member] | Environmental [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Lion CG [Member] | Chaco Bear & Ashton [Member] | Geological & Mapping [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Lion CG [Member] | Chaco Bear & Ashton [Member] | Geophysical Surveys [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Lion CG [Member] | Chaco Bear & Ashton [Member] | Technical Study [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Lion CG [Member] | Chaco Bear & Ashton [Member] | Field Support [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Lion CG [Member] | Chaco Bear & Ashton [Member] | Rio Tinto [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Lion CG [Member] | Chaco Bear & Ashton [Member] | Lion CG [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Blue Copper [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 88 | 380 | ||
Falcon Copper Corp [Member] | Blue Copper [Member] | Property Maintenance [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 60 | 58 | ||
Falcon Copper Corp [Member] | Blue Copper [Member] | Assay & Labs [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | 0 | ||
Falcon Copper Corp [Member] | Blue Copper [Member] | Drilling [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | 0 | ||
Falcon Copper Corp [Member] | Blue Copper [Member] | Environmental [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | 0 | ||
Falcon Copper Corp [Member] | Blue Copper [Member] | Geological & Mapping [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | 4 | ||
Falcon Copper Corp [Member] | Blue Copper [Member] | Geophysical Surveys [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | 104 | ||
Falcon Copper Corp [Member] | Blue Copper [Member] | Technical Study [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | 2 | ||
Falcon Copper Corp [Member] | Blue Copper [Member] | Field Support [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 28 | 212 | ||
Falcon Copper Corp [Member] | Blue Copper [Member] | Rio Tinto [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | 0 | ||
Falcon Copper Corp [Member] | Blue Copper [Member] | Lion CG [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 88 | 380 | ||
Falcon Copper Corp [Member] | Muncy [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 29 | |||
Falcon Copper Corp [Member] | Muncy [Member] | Property Maintenance [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Muncy [Member] | Assay & Labs [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Muncy [Member] | Drilling [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Muncy [Member] | Environmental [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Muncy [Member] | Geological & Mapping [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Muncy [Member] | Geophysical Surveys [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 29 | |||
Falcon Copper Corp [Member] | Muncy [Member] | Technical Study [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Muncy [Member] | Field Support [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Muncy [Member] | Rio Tinto [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Muncy [Member] | Lion CG [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 29 | |||
Falcon Copper Corp [Member] | Pioneer Property [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 1 | |||
Falcon Copper Corp [Member] | Pioneer Property [Member] | Property Maintenance [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Pioneer Property [Member] | Assay & Labs [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Pioneer Property [Member] | Drilling [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Pioneer Property [Member] | Environmental [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Pioneer Property [Member] | Geological & Mapping [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Pioneer Property [Member] | Geophysical Surveys [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Pioneer Property [Member] | Technical Study [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Pioneer Property [Member] | Field Support [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 1 | |||
Falcon Copper Corp [Member] | Pioneer Property [Member] | Rio Tinto [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Pioneer Property [Member] | Lion CG [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 1 | |||
Falcon Copper Corp [Member] | Arizona Properties [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 105 | |||
Falcon Copper Corp [Member] | Arizona Properties [Member] | Property Maintenance [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Arizona Properties [Member] | Assay & Labs [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Arizona Properties [Member] | Drilling [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Arizona Properties [Member] | Environmental [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Arizona Properties [Member] | Geological & Mapping [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Arizona Properties [Member] | Geophysical Surveys [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 90 | |||
Falcon Copper Corp [Member] | Arizona Properties [Member] | Technical Study [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Arizona Properties [Member] | Field Support [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 15 | |||
Falcon Copper Corp [Member] | Arizona Properties [Member] | Rio Tinto [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Arizona Properties [Member] | Lion CG [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 105 | |||
Falcon Copper Corp [Member] | Groundhog [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 45 | |||
Falcon Copper Corp [Member] | Groundhog [Member] | Property Maintenance [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Groundhog [Member] | Drilling [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Groundhog [Member] | Environmental [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Groundhog [Member] | Geological & Mapping [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Groundhog [Member] | Geophysical Surveys [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Groundhog [Member] | Technical Study [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Groundhog [Member] | Field Support [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 45 | |||
Falcon Copper Corp [Member] | Groundhog [Member] | Rio Tinto [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Groundhog [Member] | Lion CG [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 45 | |||
Falcon Copper Corp [Member] | Nevada Properties [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 151 | |||
Falcon Copper Corp [Member] | Nevada Properties [Member] | Property Maintenance [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Nevada Properties [Member] | Assay & Labs [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Nevada Properties [Member] | Drilling [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Nevada Properties [Member] | Environmental [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Nevada Properties [Member] | Geological & Mapping [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Nevada Properties [Member] | Geophysical Surveys [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 6 | |||
Falcon Copper Corp [Member] | Nevada Properties [Member] | Technical Study [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Nevada Properties [Member] | Field Support [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 145 | |||
Falcon Copper Corp [Member] | Nevada Properties [Member] | Rio Tinto [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | |||
Falcon Copper Corp [Member] | Nevada Properties [Member] | Lion CG [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 151 | |||
Falcon Copper Corp [Member] | Recon [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 1 | 10 | ||
Falcon Copper Corp [Member] | Recon [Member] | Property Maintenance [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | 0 | ||
Falcon Copper Corp [Member] | Recon [Member] | Assay & Labs [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | 0 | ||
Falcon Copper Corp [Member] | Recon [Member] | Drilling [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | 0 | ||
Falcon Copper Corp [Member] | Recon [Member] | Environmental [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | 0 | ||
Falcon Copper Corp [Member] | Recon [Member] | Geological & Mapping [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | 0 | ||
Falcon Copper Corp [Member] | Recon [Member] | Geophysical Surveys [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | 10 | ||
Falcon Copper Corp [Member] | Recon [Member] | Technical Study [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | 0 | ||
Falcon Copper Corp [Member] | Recon [Member] | Field Support [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 1 | 0 | ||
Falcon Copper Corp [Member] | Recon [Member] | Rio Tinto [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | 0 | 0 | ||
Falcon Copper Corp [Member] | Recon [Member] | Lion CG [Member] | ||||
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Line Items] | ||||
Exploration expenditures | $ 1 | $ 10 |
MINERAL PROPERTIES - Schedule_3
MINERAL PROPERTIES - Schedule of Rio Tinto deposit (Details) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2024 | Dec. 31, 2023 | |
Deposit Liability Line Items | ||
Beginning balance | $ 1,357 | |
Ending balance | 6,258 | $ 1,357 |
Rio Tinto [Member] | ||
Deposit Liability Line Items | ||
Beginning balance | 1,357 | 613 |
Proceeds received | 11,500 | 7,500 |
Funds applied to prepaids | (148) | |
Funds applied to reclamation deposit | (9) | |
Funds applied to capitalized acquisition costs | (131) | (231) |
Funds applied to exploration expenditures | (4,930) | (4,739) |
Funds applied to general operating expenditures | (1,390) | (1,777) |
Ending balance | $ 6,258 | $ 1,357 |
INVESTMENT IN ASSOCIATE (Narrat
INVESTMENT IN ASSOCIATE (Narrative) (Details) - Falcon Butte Minerals Corp [Member] $ in Thousands, $ in Thousands | Apr. 05, 2022 CAD ($) shares | Apr. 05, 2022 USD ($) shares | Jun. 30, 2024 | Dec. 31, 2023 |
Schedule of Equity Method Investments [Line Items] | ||||
Percentage of ownership | 20.48% | 20.48% | ||
Initial investment | $ 2,374 | $ 1,906 | ||
Butte Valley Property [Member] | ||||
Schedule of Equity Method Investments [Line Items] | ||||
Number of shares issued in acquisition of Butte Valley property | 16,049,444 | 16,049,444 | ||
Percentage of voting interest acquired in acquisition of Butte Valley property | 25.54% | 25.54% |
INVESTMENT IN ASSOCIATE - Sched
INVESTMENT IN ASSOCIATE - Schedule of summarized balance sheet (Details) - USD ($) $ in Thousands | Jun. 30, 2024 | Dec. 31, 2023 | Dec. 31, 2022 |
Assets | |||
Financial asset - Convertible loan receivable | $ 932 | $ 3,544 | $ 1,874 |
Total Assets | 17,261 | 11,258 | |
Liabilities | |||
Total Liabilities | 9,095 | 5,240 | |
Falcon Butte Minerals Corp [Member] | |||
Assets | |||
Cash | 599 | 1,375 | |
Receivables | 13 | 10 | |
Financial asset - Convertible loan receivable | 100 | 0 | |
Prepaids & deposits | 25 | 54 | |
Exploration and evaluation assets | 2,904 | 2,904 | |
Total Assets | 3,641 | 4,343 | |
Liabilities | |||
Accounts payable & accrued liabilities | 35 | 70 | |
Freeport deposit | 0 | 397 | |
Derivative liabilities | 132 | 490 | |
Total Liabilities | $ 167 | $ 957 |
INVESTMENT IN ASSOCIATE - Sch_2
INVESTMENT IN ASSOCIATE - Schedule of summarized statement of loss (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Operating expenses | ||||
General and administrative expenses | $ 117 | $ 68 | $ 240 | $ 124 |
Fair value (gain) loss on derivative liability | 427 | (1,421) | (253) | (481) |
Foreign exchange loss (gain) | 7 | 0 | 8 | 0 |
Net loss (income) | $ 961 | $ (425) | 3,218 | 1,528 |
Falcon Butte Minerals Corp [Member] | ||||
Operating expenses | ||||
General and administrative expenses | 2,243 | 1,208 | ||
Total operating expenses | 2,243 | 1,208 | ||
Fair value (gain) loss on derivative liability | (344) | (90) | ||
Other income | (244) | (1,314) | ||
Foreign exchange loss (gain) | (134) | 217 | ||
Net loss (income) | $ 1,521 | $ 21 |
INVESTMENT IN ASSOCIATE - Sch_3
INVESTMENT IN ASSOCIATE - Schedule of investment in associate (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023 | |
Schedule of Equity Method Investments [Line Items] | |||||
Company's share of net loss | $ (218) | $ 22 | $ (312) | $ (4) | |
Falcon Butte Minerals Corp [Member] | |||||
Schedule of Equity Method Investments [Line Items] | |||||
Beginning Balance | 1,206 | $ 1,504 | $ 1,504 | ||
Transfer of shares to the former CEO | (10) | ||||
Company's share of net loss | (312) | (288) | |||
Ending Balance | $ 894 | $ 894 | $ 1,206 |
NON-CONTROLLING INTEREST (Narra
NON-CONTROLLING INTEREST (Narrative) (Details) $ / shares in Units, $ in Thousands | 6 Months Ended | ||||||||||||||||||
May 17, 2024 shares | May 15, 2024 shares | Mar. 29, 2024 shares | Feb. 27, 2024 shares | Feb. 05, 2024 shares | Oct. 17, 2023 USD ($) shares | Sep. 06, 2023 USD ($) shares | Mar. 02, 2023 USD ($) shares | Dec. 13, 2022 shares | Jun. 30, 2024 USD ($) | Jun. 30, 2023 USD ($) | Jun. 30, 2024 $ / shares | Jun. 30, 2024 $ / shares | Dec. 31, 2023 $ / shares | Oct. 17, 2023 $ / shares | Sep. 06, 2023 $ / shares | Mar. 02, 2023 $ / shares | Mar. 02, 2023 USD ($) shares | Dec. 31, 2022 $ / shares | |
Noncontrolling Interest [Line Items] | |||||||||||||||||||
Amount raised in the private placement | $ | $ 1,000 | $ 0 | |||||||||||||||||
Exercise price of warrants | $ / shares | $ 0.08 | $ 0.09 | $ 0.09 | ||||||||||||||||
Exchange fair value of warrant | $ | $ 0 | ||||||||||||||||||
Proceeds from issuance of common shares | $ | 1,350 | $ 0 | |||||||||||||||||
Falcon Copper Corp [Member] | |||||||||||||||||||
Noncontrolling Interest [Line Items] | |||||||||||||||||||
Number of shares issued | shares | 4,310,345 | 3,448,276 | 431,034 | 862,069 | 2,586,207 | 2,750,000 | 21,629,382 | 57,513,764 | |||||||||||
Percentage of ownership interest held | 79.30% | 43.46% | 43.46% | ||||||||||||||||
Amount raised in the private placement | $ | $ 2,000 | $ 1,350 | |||||||||||||||||
Number of private placement shares issued | shares | 23,809,524 | ||||||||||||||||||
Private placement price per shares | $ / shares | $ 0.116 | $ 0.084 | |||||||||||||||||
Warrants issued to purchase common stock | shares | 7,936,508 | ||||||||||||||||||
Total common share purchase warrants issued | shares | 23,809,524 | ||||||||||||||||||
Exercise price of warrants | $ / shares | $ 0.15 | $ 0.15 | |||||||||||||||||
Terms of warrant | 1 year | ||||||||||||||||||
Face value of raised fund | $ | $ 868 | ||||||||||||||||||
Share price per share | $ / shares | $ 0.1 | ||||||||||||||||||
Proceeds from issuance of common shares | $ | $ 275 | ||||||||||||||||||
Falcon Copper Corp [Member] | Warrant two [Member] | |||||||||||||||||||
Noncontrolling Interest [Line Items] | |||||||||||||||||||
Warrants issued to purchase common stock | shares | 7,936,508 | ||||||||||||||||||
Exercise price of warrants | $ / shares | $ 0.1332 | ||||||||||||||||||
Blue Copper Royalties, LLC [Member] | |||||||||||||||||||
Noncontrolling Interest [Line Items] | |||||||||||||||||||
Percentage of ownership interest held | 48.80% | 48.80% | 100% | ||||||||||||||||
Warrants issued to purchase common stock | shares | 7,936,508 | ||||||||||||||||||
Exercise price of warrants | $ / shares | $ 0.0168 |
NON-CONTROLLING INTEREST - Sche
NON-CONTROLLING INTEREST - Schedule of balance recognized as NCI (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023 | |
Noncontrolling Interest [Line Items] | |||||
Balance | $ 3,117 | ||||
Net loss and comprehensive loss attributable to NCI | $ (213) | $ (286) | (409) | $ (449) | |
Balance | 4,058 | 4,058 | $ 3,117 | ||
Non-controlling interest [Member] | |||||
Noncontrolling Interest [Line Items] | |||||
Balance | 3,117 | $ 388 | 388 | ||
Issuance of common shares for conversion of SAFE notes | 1,536 | ||||
Issuance of common shares equity financing | 2,000 | ||||
Issuance of common shares | 1,350 | 275 | |||
Net loss and comprehensive loss attributable to NCI | (409) | (1,082) | |||
Balance | $ 4,058 | $ 4,058 | $ 3,117 |
DERIVATIVE LIABILITIES - Schedu
DERIVATIVE LIABILITIES - Schedule of derivative liabilities (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||
Beginning Balance | $ 176 | $ 4 | $ 4 | ||
Issuance of warrants for private placement | 346 | ||||
Issuance of warrants upon conversion of existing debentures | 60 | ||||
Issuance of contingent warrants upon conversion of existing debentures | 649 | ||||
Issuance of warrants and conversion feature for extinguishment of existing debentures | $ 0 | $ 0 | 55 | $ 0 | |
Modification of warrants upon restructuring of debentures | 109 | ||||
Modification of conversion feature upon restructuring of debentures | 129 | ||||
Issuance of Warrants | 280 | ||||
Issuance of convertible debentures with conversion feature | 248 | ||||
Fair value change on derivative liabilities | (399) | (356) | |||
Ending Balance | $ 1,125 | $ 1,125 | $ 176 |
CONVERTIBLE DEBENTURES (Narrati
CONVERTIBLE DEBENTURES (Narrative) (Details) $ / shares in Units, $ in Thousands | 1 Months Ended | 3 Months Ended | 6 Months Ended | ||||||||||||||||||||||
Mar. 08, 2024 USD ($) $ / shares | Sep. 06, 2023 USD ($) | Mar. 08, 2023 USD ($) Units shares | Mar. 02, 2023 USD ($) shares | Feb. 16, 2023 USD ($) shares | Jul. 08, 2022 USD ($) shares | Jun. 17, 2022 USD ($) shares | Jun. 30, 2024 USD ($) $ / shares | Jun. 30, 2023 USD ($) | Jun. 30, 2024 USD ($) $ / shares | Jun. 30, 2023 USD ($) | Feb. 16, 2024 $ / shares | Feb. 16, 2024 USD ($) $ / shares | Dec. 31, 2023 $ / shares | Jul. 08, 2023 $ / shares | Jul. 08, 2023 $ / shares | Jun. 17, 2023 $ / shares | Jun. 17, 2023 $ / shares | Mar. 02, 2023 $ / shares | Mar. 02, 2023 USD ($) $ / shares | Dec. 31, 2022 $ / shares | Jul. 08, 2022 $ / shares | Jul. 08, 2022 USD ($) $ / shares | Jun. 17, 2022 $ / shares | Jun. 17, 2022 USD ($) $ / shares | |
Debt Instrument [Line Items] | |||||||||||||||||||||||||
Proceeds from convertible debt | $ 0 | $ 1,306 | |||||||||||||||||||||||
Conversion price per share | $ / shares | $ 0.042 | $ 0.074 | |||||||||||||||||||||||
Exercise price | $ / shares | $ 0.08 | $ 0.08 | $ 0.09 | $ 0.09 | |||||||||||||||||||||
Fair value of warrants | $ 0 | ||||||||||||||||||||||||
Loss on extinguishment of convertible debentures | $ 0 | $ 0 | $ (55) | 0 | |||||||||||||||||||||
Debt conversion amount | 1,975 | ||||||||||||||||||||||||
Loss on conversion | $ 0 | $ 0 | 1,690 | 0 | |||||||||||||||||||||
Repayments of convertible debt | $ 831 | $ 0 | |||||||||||||||||||||||
Convertible Debt [Member] | |||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||
Proceeds from convertible debt | $ 1,306 | $ 925 | $ 1,075 | ||||||||||||||||||||||
Debentures interest rate | 44.01% | 44.01% | 14% | 14% | |||||||||||||||||||||
Conversion price per share | (per share) | $ 0.1 | $ 0.078 | $ 0.1 | $ 0.078 | $ 0.095 | $ 0.07 | $ 0.085 | $ 0.067 | $ 0.085 | $ 0.067 | |||||||||||||||
Number of warrants issued | shares | 18,461,015 | 13,805,964 | 16,044,774 | ||||||||||||||||||||||
Exercise price | (per share) | 0.095 | $ 0.07 | $ 0.085 | $ 0.067 | $ 0.085 | $ 0.067 | |||||||||||||||||||
Effective interest rate | 46.07% | 27.90% | |||||||||||||||||||||||
Fair value of warrants | $ 280 | $ 104 | $ 143 | ||||||||||||||||||||||
Fair value of conversion features | $ 248 | $ 54 | $ 77 | ||||||||||||||||||||||
Fair value allocated to host debt component | $ 778 | $ 767 | $ 855 | ||||||||||||||||||||||
Loss on conversion | $ 5 | ||||||||||||||||||||||||
Repayments of convertible debt | 831 | ||||||||||||||||||||||||
Convertible Debt [Member] | Falcon Butte Minerals Corp. [Member] | |||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||
Conversion price per share | (per share) | $ 0.37 | $ 0.28 | $ 0.25 | $ 0.25 | |||||||||||||||||||||
Convertible Debt [Member] | Minimum [Member] | |||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||
Effective interest rate | 14% | ||||||||||||||||||||||||
Convertible Debt [Member] | Maximum [Member] | |||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||
Effective interest rate | 27.46% | ||||||||||||||||||||||||
Existing Debentures [Member] | |||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||
Conversion price per share | (per share) | $ 0.06 | $ 0.045 | |||||||||||||||||||||||
Fair value of warrants | 59 | ||||||||||||||||||||||||
Fair value of conversion features | 2,723 | ||||||||||||||||||||||||
Number of equity instruments | Units | 4,107,998 | ||||||||||||||||||||||||
Number of shares issued in debt conversion | shares | 41,707,215 | 3,500,000 | |||||||||||||||||||||||
Debt conversion amount | $ 1,924 | $ 259 | |||||||||||||||||||||||
Carrying value conversion debt | 1,764 | $ 211 | |||||||||||||||||||||||
Loss on conversion | $ 1,690 | ||||||||||||||||||||||||
Existing Debentures [Member] | Warrant [Member] | |||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||
Exercise price | (per share) | 0.08 | $ 0.06 | |||||||||||||||||||||||
Maturity date description | period of 5 years from the date of issuance | ||||||||||||||||||||||||
Description of conversion | Each Unit will be comprised of one common share and one share purchase warrant. | ||||||||||||||||||||||||
New Debentures [Member] | |||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||
Debentures interest rate | 20% | ||||||||||||||||||||||||
Conversion price per share | (per share) | 0.08 | $ 0.06 | |||||||||||||||||||||||
Maturity date description | 12 months | ||||||||||||||||||||||||
New Debentures [Member] | Warrant [Member] | |||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||
Exercise price | (per share) | 0.08 | $ 0.06 | |||||||||||||||||||||||
Maturity date description | 12 months from the date of issuance | ||||||||||||||||||||||||
Description of conversion | one Warrant will be issued for every $0.06 of principal New Debentures issued ("New Debentures"). | ||||||||||||||||||||||||
New Convertible Debentures [Member] | |||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||
Debt conversion amount | $ 941 | ||||||||||||||||||||||||
Carrying value conversion debt | $ 908 | ||||||||||||||||||||||||
New Convertible Debentures [Member] | Warrant [Member] | |||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||
Number of warrants issued | shares | 15,696,883 | ||||||||||||||||||||||||
Exercise price | (per share) | $ 0.08 | $ 0.06 |
CONVERTIBLE DEBENTURES Schedule
CONVERTIBLE DEBENTURES Schedule of fair value of conversion feature (Details) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2024 | Dec. 31, 2023 | |
Risk-free interest rate [Member] | ||
Debt Instrument [Line Items] | ||
Initial recognition measurement input | 4.27 | |
Fair value measurement input | 3.91 | |
Risk-free interest rate [Member] | Minimum [Member] | ||
Debt Instrument [Line Items] | ||
Initial recognition measurement input | 4.07 | |
Fair value measurement input | 3.51 | |
Risk-free interest rate [Member] | Maximum [Member] | ||
Debt Instrument [Line Items] | ||
Initial recognition measurement input | 4.41 | |
Fair value measurement input | 4.02 | |
Expected volatility [Member] | ||
Debt Instrument [Line Items] | ||
Initial recognition measurement input | 10 | 10 |
Fair value measurement input | 16.5 | 10 |
Dividend yield [Member] | ||
Debt Instrument [Line Items] | ||
Initial recognition measurement input | 0 | 0 |
Fair value measurement input | 0 | 0 |
Expected life [Member] | Minimum [Member] | ||
Debt Instrument [Line Items] | ||
Initial recognition, Expected life | 1 year | 1 year 8 months 1 day |
Fair value, Expected life | 7 months 17 days | 1 month 17 days |
Expected life [Member] | Maximum [Member] | ||
Debt Instrument [Line Items] | ||
Initial recognition, Expected life | 5 years 6 months 21 days | |
Fair value, Expected life | 5 years 3 months | 10 months 2 days |
CONVERTIBLE DEBENTURES - Schedu
CONVERTIBLE DEBENTURES - Schedule of convertible debt (Details) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2024 USD ($) | Dec. 31, 2023 USD ($) | |
Convertible Debt [Abstract] | ||
Beginning Balance | $ 3,544 | $ 1,874 |
Issued | 211 | 1,306 |
Extinguished debt - fair value of conversion feature | (30) | (280) |
Extinguished debt - fair value of warrants | (30) | (248) |
Modified debt - fair value of warrants | (93) | |
Accretion | 140 | 460 |
Interest | 141 | 432 |
Extinguished | (150) | |
Converted | (1,975) | |
Repayment | (831) | |
Loss on repayment | 5 | |
Ending Balance | 932 | 3,544 |
Current | $ 932 | $ 3,544 |
SHARE CAPITAL (Narrative) (Deta
SHARE CAPITAL (Narrative) (Details) $ / shares in Units, $ in Thousands | 1 Months Ended | 6 Months Ended | 12 Months Ended | |||||
Mar. 08, 2024 USD ($) shares | Jun. 30, 2024 USD ($) shares | Feb. 16, 2024 $ / shares shares | Jun. 30, 2024 USD ($) shares | Jun. 30, 2023 USD ($) | Dec. 31, 2023 shares | Mar. 08, 2024 $ / shares | Mar. 08, 2024 $ / shares | |
Class of Stock [Line Items] | ||||||||
Number of common shares issued in settlement of debt | 45,815,213 | 3,500,000 | ||||||
Settlement price per share | $ / shares | $ 0.074 | $ 0.042 | ||||||
Shares issued under private placement | 23,809,522 | |||||||
Shares issued price per share | (per share) | $ 0.05625 | $ 0.042 | ||||||
Aggregate gross proceeds | $ | $ 1,000 | |||||||
Number of options exercised | 3,063,000 | 3,063,000 | 100,000 | |||||
Stock options exercised | $ | $ 181 | $ 181 | $ 0 |
ADDITIONAL PAID-IN CAPITAL (Nar
ADDITIONAL PAID-IN CAPITAL (Narrative) (Details) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023 | |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||
Stock option plan, maximum percentage of number of common shares issued and outstanding | 20% | ||
Share-based payments | $ 660 | $ 26 | |
Restricted Stock Units (RSUs) [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||
Number of shares reserved for issuance | 30,330,661 | ||
Share-based payments | $ 0 | $ 162 |
ADDITIONAL PAID-IN CAPITAL - Sc
ADDITIONAL PAID-IN CAPITAL - Schedule of number of stock options issued and outstanding (Details) - $ / shares | 1 Months Ended | 6 Months Ended | 12 Months Ended |
Jun. 30, 2024 | Jun. 30, 2024 | Dec. 31, 2023 | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding [Roll Forward] | |||
Number of options, Beginning Balance | 49,239,020 | 29,614,283 | |
Number of options, Granted | 14,295,000 | 23,544,737 | |
Number of options, Expired | (1,650,000) | (1,370,000) | |
Number of options, Cancelled | (2,000,000) | (2,450,000) | |
Number of options, Exercised | (3,063,000) | (3,063,000) | (100,000) |
Number of options, Ending Balance | 56,821,020 | 56,821,020 | 49,239,020 |
Weighted average exercise price (CAD) | |||
Weighted average exercise price, Beginning Balance | $ 0.1 | $ 0.11 | |
Weighted average exercise price, Granted | 0.07 | 0.08 | |
Weighted average exercise price, Expired | 0.07 | 0.06 | |
Weighted average exercise price, Cancelled | 0.17 | 0.1 | |
Weighted average exercise price, Exercised | 0.08 | 0.06 | |
Weighted average exercise price, Ending Balance | $ 0.09 | $ 0.09 | $ 0.1 |
ADDITIONAL PAID-IN CAPITAL - _2
ADDITIONAL PAID-IN CAPITAL - Schedule of number of stock options outstanding and exercisable (Details) - $ / shares | 6 Months Ended | 12 Months Ended |
Jun. 30, 2024 | Dec. 31, 2023 | |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Number of options outstanding | 56,821,020 | 49,239,020 |
Number of options exercisable | 56,821,020 | 49,239,020 |
June 21, 2024 [Member] | ||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Exercise price | $ 0.07 | |
Number of options outstanding | 1,900,000 | |
Remaining contractual life in years | 5 months 19 days | |
Number of options exercisable | 1,900,000 | |
August 8, 2024 [Member] | ||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Exercise price | $ 0.06 | $ 0.06 |
Number of options outstanding | 500,000 | 500,000 |
Remaining contractual life in years | 1 month 9 days | 7 months 9 days |
Number of options exercisable | 500,000 | 500,000 |
June 20, 2025 [Member] | ||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Exercise price | $ 0.08 | $ 0.08 |
Number of options outstanding | 2,450,000 | 2,450,000 |
Remaining contractual life in years | 11 months 19 days | 1 year 5 months 19 days |
Number of options exercisable | 2,450,000 | 2,450,000 |
August 18, 2025 [Member] | ||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Exercise price | $ 0.072 | $ 0.072 |
Number of options outstanding | 2,394,283 | 2,394,283 |
Remaining contractual life in years | 1 year 1 month 17 days | 1 year 7 months 17 days |
Number of options exercisable | 2,394,283 | 2,394,283 |
June 18, 2026 [Member] | ||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Exercise price | $ 0.25 | $ 0.25 |
Number of options outstanding | 3,050,000 | 3,950,000 |
Remaining contractual life in years | 1 year 11 months 19 days | 2 years 5 months 19 days |
Number of options exercisable | 3,050,000 | 3,950,000 |
September 17, 2026 [Member] | ||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Exercise price | $ 0.11 | $ 0.11 |
Number of options outstanding | 3,400,000 | 4,500,000 |
Remaining contractual life in years | 2 years 2 months 19 days | 2 years 8 months 19 days |
Number of options exercisable | 3,400,000 | 4,500,000 |
October 21, 2026 [Member] | ||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Exercise price | $ 0.09 | $ 0.09 |
Number of options outstanding | 2,700,000 | 2,700,000 |
Remaining contractual life in years | 2 years 3 months 21 days | 2 years 9 months 21 days |
Number of options exercisable | 2,700,000 | 2,700,000 |
May 25, 2027 [Member] | ||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Exercise price | $ 0.085 | $ 0.085 |
Number of options outstanding | 8,300,000 | 8,300,000 |
Remaining contractual life in years | 2 years 10 months 24 days | 3 years 4 months 24 days |
Number of options exercisable | 8,300,000 | 8,300,000 |
March 02, 2028 [Member] | ||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Exercise price | $ 0.095 | $ 0.095 |
Number of options outstanding | 350,000 | 350,000 |
Remaining contractual life in years | 3 years 8 months 1 day | 4 years 2 months 1 day |
Number of options exercisable | 350,000 | 350,000 |
July 21, 2028 [Member] | ||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Exercise price | $ 0.08 | $ 0.08 |
Number of options outstanding | 19,381,737 | 22,194,737 |
Remaining contractual life in years | 4 years 21 days | 4 years 6 months 21 days |
Number of options exercisable | 19,381,737 | 22,194,737 |
March 1, 2029 [Member] | ||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Exercise price | $ 0.07 | |
Number of options outstanding | 14,295,000 | |
Remaining contractual life in years | 4 years 8 months 1 day | |
Number of options exercisable | 14,295,000 |
ADDITIONAL PAID-IN CAPITAL - _3
ADDITIONAL PAID-IN CAPITAL - Schedule of weighted average assumptions (Details) | 6 Months Ended | |
Jun. 30, 2024 | Jun. 30, 2023 | |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Risk-free interest rate | 3.59% | 3.66% |
Expected life (years) | 5 years | 5 years |
Annualized volatility | 141% | 145% |
Forfeiture rate | 0% | 0% |
Dividend yield | 0% | 0% |
ADDITIONAL PAID-IN CAPITAL - _4
ADDITIONAL PAID-IN CAPITAL - Schedule of number of share purchase warrants outstanding (Details) - $ / shares | 6 Months Ended | 12 Months Ended |
Jun. 30, 2024 | Dec. 31, 2023 | |
Class Of Warrant Or Right, Outstanding [Rollforward] | ||
Number of warrants, beginning balance | 119,626,027 | 101,165,012 |
Number of warrants, Issued | 43,614,402 | 18,461,015 |
Number of warrants, Exercised | 0 | 0 |
Number of warrants, Cancelled | (32,270,021) | 0 |
Number of warrants, ending balance | 130,970,408 | 119,626,027 |
Class Of Warrant Or Right, Exercise Price Of Warrants Or Rights [Roll Forward] | ||
Weighted average exercise price, beginning balance | $ 0.09 | $ 0.09 |
Weighted average exercise price, Issued | 0.06 | 0.07 |
Weighted average exercise price, Exercised | 0 | 0 |
Weighted average exercise price, Cancelled | 0.07 | 0 |
Weighted average exercise price, ending balance | $ 0.08 | $ 0.09 |
ADDITIONAL PAID-IN CAPITAL - _5
ADDITIONAL PAID-IN CAPITAL - Schedule of warrants outstanding (Details) - $ / shares | Jun. 30, 2024 | Dec. 31, 2023 | Dec. 31, 2022 |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||
Exercise price | $ 0.08 | $ 0.09 | $ 0.09 |
Number of warrants outstanding | 130,970,408 | 119,626,027 | 101,165,012 |
September 13, 2024 [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||
Exercise price | $ 0.1 | $ 0.1 | |
Number of warrants outstanding | 26,488,733 | 26,488,733 | |
September 27, 2024 [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||
Exercise price | $ 0.1 | $ 0.1 | |
Number of warrants outstanding | 13,152,909 | 13,152,909 | |
October 21, 2024 [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||
Exercise price | $ 0.1 | $ 0.1 | |
Number of warrants outstanding | 31,672,632 | 31,672,632 | |
February 17, 2024 [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||
Exercise price | $ 0.067 | $ 0.067 | |
Number of warrants outstanding | 0 | 16,044,774 | |
March 8, 2024 [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||
Exercise price | $ 0.067 | $ 0.067 | |
Number of warrants outstanding | 0 | 13,805,964 | |
November 2, 2024 [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||
Exercise price | $ 0.07 | $ 0.07 | |
Number of warrants outstanding | 16,041,732 | 18,461,015 | |
February 16, 2025 [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||
Exercise price | $ 0.06 | $ 0.06 | |
Number of warrants outstanding | 15,696,882 | 0 | |
March 8, 2029 [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||
Exercise price | $ 0.056 | $ 0.056 | |
Number of warrants outstanding | 23,809,522 | 0 | |
March 8, 2029 [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||
Exercise price | $ 0.056 | $ 0.056 | |
Number of warrants outstanding | 4,107,998 | 0 |
ADDITIONAL PAID-IN CAPITAL - _6
ADDITIONAL PAID-IN CAPITAL - Schedule of number of RSUs issued and outstanding (Details) - Restricted Stock Units (RSUs) [Member] | 12 Months Ended |
Dec. 31, 2023 shares | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | |
Number of RSUs outstanding, beginning balance | 5,333,334 |
Number of RSUs Cancelled | (5,333,334) |
Number of RSUs outstanding, ending balance | 0 |
RELATED PARTY TRANSACTIONS (Nar
RELATED PARTY TRANSACTIONS (Narrative) (Details) $ / shares in Units, $ in Thousands | 6 Months Ended | ||||||||
Mar. 08, 2024 USD ($) $ / shares shares | Feb. 16, 2024 USD ($) shares | Jun. 30, 2024 USD ($) | Jun. 30, 2023 USD ($) | Feb. 16, 2024 $ / shares | Feb. 16, 2024 USD ($) $ / shares | Dec. 31, 2023 USD ($) | Jun. 30, 2023 $ / shares | Jun. 30, 2023 USD ($) $ / shares | |
Related Party Transaction [Line Items] | |||||||||
Conversion price per share | $ / shares | $ 0.042 | $ 0.074 | |||||||
Proceeds from private placement | $ 1,000 | $ 0 | |||||||
Debt conversion amount | 1,975 | ||||||||
CEO, CFO and Directors [Member] | |||||||||
Related Party Transaction [Line Items] | |||||||||
Restructuring existing convertible debentures | $ 407 | ||||||||
Debentures interest rate | 20% | ||||||||
Conversion price per share | (per share) | $ 0.08 | $ 0.06 | |||||||
Number of contingent warrants | shares | 36,675,478 | ||||||||
Value of contingent warrants | $ 570 | ||||||||
Number of common stock shares subscribed | shares | 12,202,380 | ||||||||
Proceeds from private placement | $ 513 | ||||||||
Number of warrants received | shares | 12,202,380 | ||||||||
Value of warrants received | $ 177 | ||||||||
Accounts payable | 12 | $ 0 | |||||||
Directors [Member] | |||||||||
Related Party Transaction [Line Items] | |||||||||
Debentures interest rate | 14% | ||||||||
Conversion price per share | $ / shares | $ 0.074 | ||||||||
Debt conversion amount | $ 259 | ||||||||
Number of shares issued in debt conversion | shares | 3,500,000 | ||||||||
Unsecured convertible debentures | $ 1,135 | ||||||||
Directors [Member] | Conversion price until January 2, 2024 [Member] | |||||||||
Related Party Transaction [Line Items] | |||||||||
Conversion price per share | (per share) | $ 0.095 | $ 0.07 | |||||||
Directors [Member] | Conversion price after January 2, 2024 [Member] | |||||||||
Related Party Transaction [Line Items] | |||||||||
Conversion price per share | (per share) | $ 0.1 | $ 0.074 | |||||||
CFO and Directors [Member] | |||||||||
Related Party Transaction [Line Items] | |||||||||
Conversion price per share | $ / shares | $ 0.042 | ||||||||
Debt conversion amount | $ 1,541 | ||||||||
Number of shares issued in debt conversion | shares | 36,675,478 | ||||||||
Directors and Officers [Member] | |||||||||
Related Party Transaction [Line Items] | |||||||||
Accrued interest on convertible debentures | 30 | 290 | |||||||
CEO [Member] | |||||||||
Related Party Transaction [Line Items] | |||||||||
Prepaid expenses | $ 0 | $ 11 |
RELATED PARTY TRANSACTIONS - Sc
RELATED PARTY TRANSACTIONS - Schedule of directors and officers remuneration (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023 | |
Related Party Transaction [Line Items] | |||||
Interest on convertible debenture | $ 141 | $ 432 | |||
Directors and Officers [Member] | |||||
Related Party Transaction [Line Items] | |||||
Salaries | $ 99 | $ 115 | 212 | $ 230 | |
Directors' fees | 0 | 0 | 0 | 21 | |
Share-based payments | 0 | (231) | 281 | (162) | |
Interest on convertible debenture | 20 | 66 | 126 | 104 | |
Total remuneration | $ 119 | $ (50) | $ 619 | $ 193 |
SEGMENTED INFORMATION - Schedul
SEGMENTED INFORMATION - Schedule of geographic segment information (Details) - USD ($) $ in Thousands | Jun. 30, 2024 | Dec. 31, 2023 | Dec. 31, 2022 |
Segment Reporting Information [Line Items] | |||
Mineral properties | $ 7,802 | $ 7,647 | $ 7,884 |
Canada [Member] | |||
Segment Reporting Information [Line Items] | |||
Mineral properties | 0 | 0 | |
USA [Member] | |||
Segment Reporting Information [Line Items] | |||
Mineral properties | $ 7,802 | $ 7,647 |
CONTINGENCIES (Narrative) (Deta
CONTINGENCIES (Narrative) (Details) | Mar. 08, 2024 shares |
Commitments and Contingencies Disclosure [Abstract] | |
Number of probable Contingent Warrants to be issued | 41,707,215 |
SUBSEQUENT EVENTS (Narrative) (
SUBSEQUENT EVENTS (Narrative) (Details) | 1 Months Ended | 6 Months Ended | 12 Months Ended | |
Jul. 31, 2024 $ / shares shares | Jul. 31, 2024 $ / shares shares | Jun. 30, 2024 $ / shares shares | Dec. 31, 2023 $ / shares shares | |
Subsequent Event [Line Items] | ||||
Number of options granted | 14,295,000 | 23,544,737 | ||
Exercise price of options granted | $ / shares | $ 0.07 | $ 0.08 | ||
Number of options cancelled | 2,000,000 | 2,450,000 | ||
Subsequent Event [Member] | Officers and Directors [Member] | ||||
Subsequent Event [Line Items] | ||||
Number of options granted | 9,200,000 | 9,200,000 | ||
Exercise price of options granted | (per share) | $ 0.08 | $ 0.058 | ||
Number of fully vested options | 1,700,000 | 1,700,000 | ||
Number of options subject to vesting milestones | 7,500,000 | 7,500,000 | ||
Vesting period | 5 years | 5 years | ||
Subsequent Event [Member] | Directors [Member] | ||||
Subsequent Event [Line Items] | ||||
Number of options cancelled | 7,500,000 | 7,500,000 |