Cover
Cover - shares | 6 Months Ended | |
Jun. 30, 2021 | Aug. 13, 2021 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Jun. 30, 2021 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2021 | |
Current Fiscal Year End Date | --12-31 | |
Entity File Number | 333-150028 | |
Entity Registrant Name | BUNKER HILL MINING CORP. | |
Entity Central Index Key | 0001407583 | |
Entity Tax Identification Number | 32-0196442 | |
Entity Incorporation, State or Country Code | NV | |
Entity Address, Address Line One | 82 Richmond Street East | |
Entity Address, City or Town | Toronto | |
Entity Address, State or Province | ON | |
Entity Address, Country | CA | |
Entity Address, Postal Zip Code | M5C 1P1 | |
City Area Code | 416 | |
Local Phone Number | 477-7771 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 164,435,827 |
Condensed Interim Consolidated
Condensed Interim Consolidated Balance Sheets (Unaudited) - USD ($) | Jun. 30, 2021 | Dec. 31, 2020 |
Current assets | ||
Cash and cash equivalents | $ 2,377,389 | $ 3,568,661 |
Accounts receivable | 113,397 | 100,032 |
Prepaid expenses | 297,722 | 376,925 |
Total current assets | 2,788,508 | 4,045,618 |
Non-current assets | ||
Equipment (note 3) | 466,024 | 435,727 |
Right-of-use assets (note 4) | 105,542 | 158,731 |
Long term deposit (note 5) | 2,068,939 | 2,068,939 |
Mining interests (note 5) | 1 | 1 |
Total assets | 5,429,014 | 6,709,016 |
Current liabilities | ||
Accounts payable (notes 5 and 14) | 2,958,101 | 2,392,761 |
Accrued liabilities (notes 5 and 13) | 11,639,638 | 10,560,884 |
DSU liability (note 11) | 970,404 | 1,110,125 |
Current portion of lease liability (note 8) | 123,934 | 114,783 |
Total current liabilities | 15,692,077 | 14,178,553 |
Non-current liabilities | ||
Lease liability (note 8) | 61,824 | |
Derivative warrant liability (notes 7 and 9) | 12,107,172 | 24,006,236 |
Total liabilities | 27,799,249 | 38,246,613 |
Shareholders’ Deficiency | ||
Preferred shares, $0.000001 par value, 10,000,000 preferred shares authorized; Nil 0 preferred shares issued and outstanding (note 9) | ||
Common shares, $0.000001 par value, 750,000,000 common shares authorized;163,781,537 and 143,117,068 common shares issued and outstanding, respectively (note 9) | 163 | 143 |
Additional paid-in-capital (note 9) | 37,835,610 | 34,551,133 |
Deficit accumulated during the exploration stage | (60,206,008) | (66,088,873) |
Total shareholders’ deficiency | (22,370,235) | (31,537,597) |
Total shareholders’ deficiency and liabilities | $ 5,429,014 | $ 6,709,016 |
Condensed Interim Consolidate_2
Condensed Interim Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares | Jun. 30, 2021 | Dec. 31, 2020 |
Statement of Financial Position [Abstract] | ||
Preferred stock, par value | $ 0.000001 | $ 0.000001 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value | $ 0.000001 | $ 0.000001 |
Common stock, shares authorized | 750,000,000 | 750,000,000 |
Common stock, shares issued | 163,781,537 | 143,117,068 |
Common stock, shares outstanding | 163,781,537 | 143,117,068 |
Condensed Interim Consolidate_3
Condensed Interim Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Operating expenses | ||||
Operation and administration (notes 9, 10 and 11) | $ 447,463 | $ 850,015 | $ 1,285,408 | $ 1,033,739 |
Exploration | 4,123,735 | 2,461,383 | 7,212,037 | 3,377,124 |
Legal and accounting | 318,110 | 123,798 | 537,218 | 186,206 |
Consulting (note 14) | 406,249 | 154,165 | 884,868 | 355,252 |
Loss from operations | (5,295,557) | (3,589,361) | (9,919,531) | (4,952,321) |
Other income or gain (expense or loss) | ||||
Change in derivative liability (notes 7 and 9) | 5,236,792 | (19,060,232) | 15,712,168 | (8,214,828) |
Accretion expense (notes 6 and 7) | (143,759) | (252,009) | ||
Financing costs (note 7) | (30,000) | (30,000) | ||
Gain (loss) on foreign exchange | 103,821 | (9,294) | 146,374 | (19,868) |
Interest expense (notes 6 and 7) | (49,929) | (102,545) | ||
Loss on loan extinguishment (note 6) | (9,407) | |||
Loss on debt settlement (note 9) | (56,146) | |||
Net income (loss) and comprehensive income (loss) for the period | 45,056 | (22,882,575) | 5,882,865 | (13,580,978) |
Dilutive effect of warrant | (175,816) | (520,066) | ||
Diluted net income (loss) and comprehensive income (loss) for the period (Note 12) | $ (130,760) | $ (22,882,575) | $ 5,362,799 | $ (13,580,978) |
Net income (loss) per common share (note 12) | ||||
- basic | $ 0 | $ (0.29) | $ 0.04 | $ (0.18) |
- fully diluted (note 12) | $ 0 | $ (0.29) | $ 0.03 | $ (0.18) |
Weighted average number of common shares (note 12) | ||||
- basic | 163,677,564 | 79,005,399 | 158,916,637 | 76,010,941 |
- fully diluted | 164,381,133 | 79,005,399 | 159,944,037 | 76,010,941 |
Condensed Interim Consolidate_4
Condensed Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Operating activities | |||||
Net income (loss) for the period | $ 45,056 | $ (22,882,575) | $ 5,882,865 | $ (13,580,978) | |
Adjustments to reconcile net loss to net cash used in operating activities: | |||||
Stock-based compensation | 761,062 | 879,618 | |||
Depreciation expense | 117,585 | 70,035 | |||
Change in fair value of warrant liability | (15,712,168) | 8,214,828 | |||
Accretion expense | 143,759 | 252,009 | |||
Financing costs | 30,000 | 30,000 | |||
Loss on loan extinguishment | 9,407 | ||||
Interest expense on lease liability | 7,827 | 12,118 | |||
Foreign exchange gain on re-translation of lease liability | 4,485 | (10,766) | |||
Loss on debt settlement | 56,146 | ||||
Changes in operating assets and liabilities: Accounts receivable | (13,365) | (20,667) | |||
Prepaid expenses | 79,203 | (92,997) | |||
Accounts payable | 565,340 | 752,734 | |||
Accrued liabilities | 1,210,754 | 861,141 | |||
Interest payable | 102,545 | ||||
Net cash used in operating activities | (7,040,266) | (2,520,973) | |||
Investing activities | |||||
Purchase of machinery and equipment | (94,693) | (219,528) | |||
Net cash used in investing activities | (94,693) | (219,528) | |||
Financing activities | |||||
Proceeds from issuance of common stock | 6,008,672 | 1,271,066 | |||
Proceeds from warrants exercised | 417,006 | ||||
Shares to be issued | 549,363 | ||||
Lease payments | (64,985) | (61,594) | |||
Proceeds from promissory note | 702,169 | ||||
Repayment of promissory note | (158,094) | ||||
Net cash provided by financing activities | 5,943,687 | 2,719,916 | |||
Net change in cash and cash equivalents | (1,191,272) | (20,585) | |||
Cash and cash equivalents, beginning of period | 3,568,661 | 82,558 | $ 82,558 | ||
Cash and cash equivalents, end of period | $ 2,377,389 | $ 61,973 | 2,377,389 | 61,973 | $ 3,568,661 |
Non-cash activities: | |||||
Units issued to settle accounts payable, accrued liabilities and promissory notes | 188,607 | ||||
Common stock issued to settle convertible loan | $ 300,000 |
Condensed Interim Consolidate_5
Condensed Interim Consolidated Statements of Changes in Shareholders' Deficiency (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | ||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||||
Balance, December 31, 2020 | $ (31,537,597) | $ (33,241,919) | $ (23,334,737) | |||
Stock-based compensation | 900,783 | 329,954 | ||||
Shares issued at $0.42 per share | [1] | 1,301,525 | ||||
Units issued at $0.32 per unit (iii) | [2] | 6,168,069 | ||||
Shares issued for debt settlement at $0.42 per share | [1] | 300,000 | ||||
Units issued for debt settlement at $0.45 per unit (iv) | [3] | 188,145 | ||||
Shares issued for RSUs vested | ||||||
Finder’s units issued | 125,180 | |||||
Finder’s warrants issued | 50,223 | |||||
Warrants exercised at $0.18 per share | [4] | 1,288,716 | ||||
Issue costs | (159,397) | (271,165) | ||||
Warrant valuation | (3,813,103) | |||||
Shares to be issued | 549,363 | |||||
Net income (loss) for the period | $ 45,056 | $ (22,882,575) | 5,882,865 | (13,580,978) | ||
Balance, June 30, 2021 | (22,370,235) | (33,241,919) | (22,370,235) | (31,537,597) | (33,241,919) | |
Common Stock [Member] | ||||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||||
Balance, December 31, 2020 | $ 143 | $ 79 | $ 70 | |||
Beginning balance, shares | 143,117,068 | 79,259,940 | 69,817,196 | |||
Stock-based compensation | ||||||
Shares issued at $0.42 per share | [1] | $ 3 | ||||
Shares issued at $0.42 per shares, shares | [1] | 3,098,216 | ||||
Units issued at $0.32 per unit (iii) | [2] | $ 20 | ||||
Units issued at $0.32 per share, shares | [2] | 19,576,360 | ||||
Shares issued for debt settlement at $0.42 per share | [1] | $ 1 | ||||
Shares issued for debt settlement at $0.45 per share, shares | [1] | 696,428 | ||||
Units issued for debt settlement at $0.45 per unit (iv) | [3] | |||||
Units issued for debt settlement at $0.42 per share, shares | [3] | 417,720 | ||||
Shares issued for RSUs vested | ||||||
Shares issued for RSUs vested, shares | 670,389 | |||||
Finder’s units issued | $ 3 | |||||
Finder's units issued, shares | 3,315,200 | |||||
Finder’s warrants issued | ||||||
Warrants exercised at $0.18 per share | [4] | $ 2 | ||||
Warrants exercised at $0.18 per share, shares | [4] | 2,332,900 | ||||
Issue costs | ||||||
Warrant valuation | ||||||
Shares to be issued | ||||||
Net income (loss) for the period | ||||||
Balance, June 30, 2021 | $ 163 | $ 79 | $ 163 | $ 143 | $ 79 | |
Ending balance, shares | 163,781,537 | 79,259,940 | 163,781,537 | 143,117,068 | 79,259,940 | |
Additional Paid-in Capital [Member] | ||||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||||
Balance, December 31, 2020 | $ 34,551,133 | $ 30,133,058 | $ 27,008,634 | |||
Stock-based compensation | 900,783 | 329,954 | ||||
Shares issued at $0.42 per share | [1] | 1,301,522 | ||||
Units issued at $0.32 per unit (iii) | [2] | 6,168,049 | ||||
Shares issued for debt settlement at $0.42 per share | [1] | 299,999 | ||||
Units issued for debt settlement at $0.45 per unit (iv) | [3] | 188,145 | ||||
Shares issued for RSUs vested | ||||||
Finder’s units issued | 125,177 | |||||
Finder’s warrants issued | 50,223 | |||||
Warrants exercised at $0.18 per share | [4] | 1,288,714 | ||||
Issue costs | (159,397) | (271,165) | ||||
Warrant valuation | (3,813,103) | |||||
Shares to be issued | ||||||
Net income (loss) for the period | ||||||
Balance, June 30, 2021 | $ 37,835,610 | $ 30,133,058 | 37,835,610 | 34,551,133 | 30,133,058 | |
Shares To Be Issued [Member] | ||||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||||
Balance, December 31, 2020 | 549,363 | |||||
Stock-based compensation | ||||||
Shares issued at $0.42 per share | [1] | |||||
Units issued at $0.32 per unit (iii) | [2] | |||||
Shares issued for debt settlement at $0.42 per share | [1] | |||||
Units issued for debt settlement at $0.45 per unit (iv) | [3] | |||||
Shares issued for RSUs vested | ||||||
Finder’s units issued | ||||||
Finder’s warrants issued | ||||||
Warrants exercised at $0.18 per share | [4] | |||||
Issue costs | ||||||
Warrant valuation | ||||||
Shares to be issued | 549,363 | |||||
Net income (loss) for the period | ||||||
Balance, June 30, 2021 | 549,363 | 549,363 | ||||
Retained Earnings [Member] | ||||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||||
Balance, December 31, 2020 | (66,088,873) | (63,924,419) | (50,343,441) | |||
Stock-based compensation | ||||||
Shares issued at $0.42 per share | [1] | |||||
Units issued at $0.32 per unit (iii) | [2] | |||||
Shares issued for debt settlement at $0.42 per share | [1] | |||||
Units issued for debt settlement at $0.45 per unit (iv) | [3] | |||||
Shares issued for RSUs vested | ||||||
Finder’s units issued | ||||||
Finder’s warrants issued | ||||||
Warrants exercised at $0.18 per share | [4] | |||||
Issue costs | ||||||
Warrant valuation | ||||||
Shares to be issued | ||||||
Net income (loss) for the period | 5,882,865 | (13,580,978) | ||||
Balance, June 30, 2021 | $ (60,206,008) | $ (63,924,419) | $ (60,206,008) | $ (66,088,873) | $ (63,924,419) | |
[1] | Shares issued at C$0.56, converted to US at $0.42 (note 9) | |||||
[2] | Units issued at C$0.40, converted to US at $0.32 (note 9) | |||||
[3] | Units issued at C$0.57, converted to US at $0.45 (note 9) | |||||
[4] | Shares issued upon warrants exercised at C$0.25, converted to US at $0.18 (note 9) |
Nature and continuance of opera
Nature and continuance of operations and going concern | 6 Months Ended |
Jun. 30, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Nature and continuance of operations and going concern | 1. Nature and continuance of operations and going concern Bunker Hill Mining Corp. (the “Company”) was incorporated under the laws of the state of Nevada February 20, 2007 The Company was incorporated for the purpose of engaging in mineral exploration activities. It continues to work at developing its project with a view towards putting it into production. These unaudited condensed interim consolidated financial statements have been prepared on a going concern basis. The Company has incurred losses since inception resulting in an accumulated deficit of $ 60,206,008 Management is considering various financing alternatives including, but not limited to, raising capital through the capital markets and debt financing. These condensed interim consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue as a going concern. The ability of the Company to emerge from the exploration stage is dependent upon, among other things, obtaining additional financing to continue operations, explore and develop the mineral properties and the discovery, development, and sale of reserves. The Company’s operations could be significantly adversely affected by the effects of a widespread global outbreak of epidemics, pandemics, or other health crises, including the recent outbreak of respiratory illness caused by the novel coronavirus (“COVID19”). The Company cannot accurately predict the impact COVID19 will have on its operations and the ability of others to meet their obligations with the Company, including uncertainties relating to the ultimate geographic spread of the virus, the severity of the disease, the duration of the outbreak, and the length of travel and quarantine restrictions imposed by governments of affected countries. In addition, a significant outbreak of contagious diseases in the human population could result in a widespread health crisis that could adversely affect the economies and financial markets of many countries, resulting in an economic downturn that could further affect the Company’s operations and ability to finance its operations. Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Six Months Ended June 30, 2021 (Expressed in United States Dollars) Unaudited |
Basis of presentation
Basis of presentation | 6 Months Ended |
Jun. 30, 2021 | |
Accounting Policies [Abstract] | |
Basis of presentation | 2. Basis of presentation The accompanying unaudited condensed interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the United States Securities and Exchange Commission for interim financial information. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, shareholders’ equity or cash flows. It is management’s opinion, however, that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statement presentation. The unaudited |
Equipment
Equipment | 6 Months Ended |
Jun. 30, 2021 | |
Property, Plant and Equipment [Abstract] | |
Equipment | 3. Equipment Equipment consists of the following: Schedule of Equipment June 30, 2021 December 31, 2020 Equipment $ 603,972 $ 509,279 Less accumulated depreciation (137,948 ) (73,552 ) Equipment, net $ 466,024 $ 435,727 The total depreciation expense during the three and six months ended June 30, 2021 was $ 34,566 64,396 14,392 16,673 |
Right-of-use asset
Right-of-use asset | 6 Months Ended |
Jun. 30, 2021 | |
Right-of-use Asset | |
Right-of-use asset | 4. Right-of-use asset Right-of-use asset consists of the following: Schedule of Right-of-Use Asset June 30, 2021 December 31, 2020 Office lease $ 319,133 $ 319,133 Less accumulated depreciation (213,591 ) (160,402 ) Right-of-use asset, net $ 105,542 $ 158,731 The total depreciation expense during the three and six months ended June 30, 2021 was $ 26,594 53,189 27,430 53,362 Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Six Months Ended June 30, 2021 (Expressed in United States Dollars) Unaudited |
Mining interests
Mining interests | 6 Months Ended |
Jun. 30, 2021 | |
Extractive Industries [Abstract] | |
Mining interests | 5. Mining interests Bunker Hill Mine Complex On November 27, 2016, the Company entered into a non-binding letter of intent with Placer Mining Corp. (“Placer Mining”), which letter of intent was further amended on March 29, 2017, to acquire the Bunker Hill Mine in Idaho and its associated milling facility located in Kellogg, Idaho, in the Coeur d’Alene Basin (as amended, the “Letter of Intent”). Pursuant to the terms and conditions of the Letter of Intent, the acquisition, which was subject to due diligence, would include all mining claims, surface rights, fee parcels, mineral interests, existing infrastructure, machinery and buildings at the Kellogg Tunnel portal in Milo Gulch, or anywhere underground at the Bunker Hill Mine Complex. The acquisition would also include all current and historic data relating to the Bunker Hill Mine Complex, such as drill logs, reports, maps, and similar information located at the mine site or any other location. During the year ended June 30, 2017, the Company made payments totaling $ 300,000 On August 28, 2017, the Company announced that it signed a definitive agreement (the “Agreement”) for the lease and option to purchase the Bunker Hill Mine assets (the “Bunker Assets”). Under the terms of the Agreement, the Company was required to make a $ 1,000,000 500,000 The 24month lease commenced November 1, 2017. 100,000 The Company had an option to purchase the Bunker Assets at any time before the end of the lease and any extension for a purchase price of $ 45,000,000 ten 3 1.5 60,000,000 On October 2, 2018, the Company announced that it was in default of the Agreement. The default arose as a result of missed lease and operating cost payments, totaling $ 400,000 On November 13, 2018, the Company announced that it was successful in renewing the Agreement, effectively with the original Agreement intact, except that monthly payments were reduced to $ 60,000 140,000 nil nil Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Six Months Ended June 30, 2021 (Expressed in United States Dollars) Unaudited 5. Mining interests (continued) Bunker Hill Mine Complex (continued) On November 1, 2019, the Agreement was amended (the “Amended Agreement”). The key terms of the Amended Agreement are as follows: ● The lease period was extended for an additional period of nine months to August 1, 2020, with the option to extend for a further six months based upon payment of a one-time $ 60,000 ● The Company will make monthly care and maintenance payments to Placer Mining of $ 60,000 ● The purchase price is set at $ 11,000,000 100 6,200,000 4,800,000 20,000,000 300,000 On July 27, 2020, the Company extended the lease with Placer Mining for a further 18 months for a $ 150,000 On November 20, 2020, the Company signed a further amendment to the Amended Agreement. Under the terms of this amendment: ● The Company will continue to make monthly care and maintenance payments to Placer Mining of $ 60,000 The purchase price was reduced to $ 7,700,000 5,700,000 300,000 5,400,000 2,000,000 The Company’s contingent obligation to settle $ 1,787,300 1,787,300 ● The Company is to make an advance payment of $ 2,000,000 2,000,000 Company 3,400,000 2,000,000 Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Six Months Ended June 30, 2021 (Expressed in United States Dollars) Unaudited 5. Mining interests (continued) Bunker Hill Mine Complex (continued) In addition to the payments to Placer Mining, and pursuant to an agreement with the EPA whereby for so long as Bunker leases, owns and/or occupies the Bunker Hill Mine, the Company will make payments to the EPA on behalf of the current owner in satisfaction of the EPA’s claim for cost recovery. These payments, if all are made, will total $ 20,000,000 1,000,000 Schedule of Payments for Mining Date Amount Action Within 30 days of the effective date $1,000,000 Paid November 1, 2018 $2,000,000 Not paid November 1, 2019 $3,000,000 Not paid November 1, 2020 $3,000,000 Not paid November 1, 2021 $3,000,000 November 1, 2022 $3,000,000 November 1, 2023 $3,000,000 November 1, 2024 $2,000,000 In addition to these cost recovery payments, the Company is to make semi-annual payments of $ 480,000 Subsequent to June 30, 2021, the Company received an invoice from the EPA for water treatment charges for the period from November 2019 to October 2020, in the amount of approximately $ 2,500,000 133,000 1,309,000 630,000 A total of $ 4,977,186 3,136,055 258,154 162,540 13,235,340 11,298,594 Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Six Months Ended June 30, 2021 (Expressed in United States Dollars) Unaudited |
Convertible loan payable
Convertible loan payable | 6 Months Ended |
Jun. 30, 2021 | |
Debt Disclosure [Abstract] | |
Convertible loan payable | 6. Convertible loan payable On June 13, 2018, the Company entered into a loan and warrant agreement with Hummingbird Resources PLC (“Hummingbird”), an arm’s length investor, for an unsecured 1,500,000 10 one 229,464 229,464 8.50 two years In the event that a notice of conversion would result in the lender holding 10% or more of the Company’s issued and outstanding shares, then, in the alternative, and under certain circumstances, the Company would be required to pay cash to the lender in an amount equal to C$8.50 multiplied by the number of shares intended to be issued upon conversion. Further, in the event that the lender holds more than 5% of the issued and outstanding shares of the Company subsequent to the exercise of any of its convertible securities held under this placement, it shall have the right to appoint one director to the board of the Company. In August 2018, the amount of the Hummingbird convertible loan payable was increased to $ 2,000,000 1,500,000 45,824 116,714 4.50 8.50 229,464 8.50 two years 500,000 4.50 116,714 4.50 In the event that Hummingbird would acquire common shares in excess of 9.999% through the conversion of the Principal Amount or the Additional Amount, including interest accruing thereon, or on exercise of the warrants as disclosed herein, the Company shall pay to Hummingbird a cash amount equal to the common shares exercised in excess of 9.999%, multiplied by the conversion price. During the year ended June 30, 2019, Hummingbird agreed to extend the scheduled maturity date of the loan to June 30, 2020 In June 2019, the Company settled $ 100,000 2,660,000 In February 2020, the Company settled $ 300,000 696,428 9,407 In June 2020, Hummingbird agreed to extend the scheduled maturity date of the loan to July 31, 2020 In October 2020, the Company settled the full amount of the outstanding loan by issuing 5,572,980 0.49 Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Six Months Ended June 30, 2021 (Expressed in United States Dollars) Unaudited 6. Convertible loan payable (continued) The Company has accounted for the conversion features and warrants in accordance with ASC Topic 815. The conversion features and warrants are considered derivative financial liabilities as they are convertible into common shares at a conversion price denominated in a currency other than the Company’s functional currency of the U.S. dollar. The estimated fair value of the conversion features and warrants was determined on the date of issuance and marked to market at each financial reporting period. Accretion expense for the three and six months ended June 30, 2021 was $ nil nil 37,380 75,093 16 Interest expense for the three and six months ended June 30, 2021 was $ nil nil 40,329 83,945 nil nil Schedule of Convertible Loan Outstanding Interest Payable Amount Balance, December 31, 2019 $ 1,815,500 Accretion expense 75,093 Loss on loan extinguishment 9,407 Partial extinguishment (300,000 ) Loan extinguishment (1,600,000 ) Balance, December 31, 2020 and June 30, 2021 $ - |
Promissory notes payable
Promissory notes payable | 6 Months Ended |
Jun. 30, 2021 | |
Debt Disclosure [Abstract] | |
Promissory notes payable | 7. Promissory notes payable (i) On November 13, 2019, the Company issued a promissory note in the amount of $ 300,000 1 90 400,000 one 0.80 two years On April 24, 2020, the Company extended the maturity date of the promissory note payable to August 1, 2020 400,000 0.50 November 13, 2021 During the six months ended December 31, 2020, the Company repaid $ 110,658 218,281 288,000 28,939 822,857 The Company has accounted for the warrants in accordance with ASC Topic 815. The warrants are considered derivative financial liabilities as they are convertible into common shares at a conversion price denominated in a currency other than the Company’s functional currency of the US dollar. The estimated fair value of the warrants was determined on the date of issuance and marks to market at each financial reporting period. Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Six Months Ended June 30, 2021 (Expressed in United States Dollars) Unaudited 7. Promissory notes payable (continued) (i) (continued) The fair value of the warrants were estimated using the Binomial model to determine the fair value of the derivative warrant liabilities using the following assumptions: Schedule of Fair Value of Derivative Warrant Liability Assumptions November 2019 issuance December 31, 2020 June 30, 2021 Expected life 317 days 136 days Volatility 100 % 100 % Risk free interest rate 0.64 % 0.58 % Dividend yield 0 % 0 % Share price $ 0.41 $ 0.23 Fair value $ 40,999 $nil Change in derivative liability $ 40,999 April 2020 issuance December 31, 2020 June 30, 2021 Expected life 317 days 136 days Volatility 100 % 100 % Risk free interest rate 0.27 % 0.27 % Dividend yield 0 % 0 % Share price $ 0.41 $ 0.23 Fair value $ 58,373 $ 8,198 Change in derivative liability $ 50,175 Accretion expense for the three and six months ended June 30, 2021 was $ nil 48,379 118,916 11 Interest expense for the three and six months ended June 30, 2021 was $ nil 9,600 18,600 nil nil (ii) On May 12, 2020, the Company issued a promissory note in the amount of $ 362,650 500,000 89,190 90 nil 41,453 7 (iii) On May 12, 2020, the Company issued a promissory note in the amount of $ 141,704 200,000 35,676 90 714,285 nil 16,547 8 Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Six Months Ended June 30, 2021 (Expressed in United States Dollars) Unaudited 7. Promissory notes payable (continued) (iv) On June 30, 2020, the Company issued a promissory note in the amount of $ 75,000 15,000 nil 15,000 (v) On June 30, 2020, the Company issued a promissory note in the amount of $ 75,000 nil 15,000 |
Lease liability
Lease liability | 6 Months Ended |
Jun. 30, 2021 | |
Leases [Abstract] | |
Lease liability | 8. Lease liability The Company has an operating lease for office space that expires in 2022. Schedule of Operating Lease Liability Office lease Balance, December 31, 2019 $ 274,981 Addition - Interest expense 22,156 Lease payments (123,098 ) Foreign exchange loss 2,568 Balance, December 31, 2020 176,607 Addition - Interest expense 7,827 Lease payments (64,985 ) Foreign exchange loss 4,485 Balance, June 30, 2021 123,934 Less: current portion (123,934 ) Long-term lease liability $ - In addition to the minimum monthly lease payments of C$ 13,504 12,505 Schedule of Lease Obligations Less than 1 year 1-2 years 2-3 years Total Base rent $ 149,044 $ - $ - $ 149,044 Additional rent 137,555 - - 137,555 $ 286,599 $ - $ - $ 286,599 The monthly rental expenses are offset by rental income obtained through a series of short term subleases held by the Company. Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Six Months Ended June 30, 2021 (Expressed in United States Dollars) Unaudited |
Capital stock, warrants and sto
Capital stock, warrants and stock options | 6 Months Ended |
Jun. 30, 2021 | |
Equity [Abstract] | |
Capital stock, warrants and stock options | 9. Capital stock, warrants and stock options Authorized The total authorized capital is as follows: ● 750,000,000 0.000001 ● 10,000,000 0.000001 Issued and outstanding On February 26, 2020, the Company closed a non-brokered private placement, issuing 2,991,073 0.56 1,675,000 1,256,854 95,763 239,284 Each broker warrant entitles the holder to acquire one common share at a price of C$ 0.70 two years 696,428 300,000 During the three months ended March 31, 2020, the Company issued 1,403,200 1,912,000 0.05 165,760 125,180 On May 12, 2020, the Company closed a non-brokered private placement, issuing 107,143 0.56 60,000 44,671 On August 14, 2020, the Company closed the first tranche of a brokered private placement of units of the Company (the “August 2020 Offering”), issuing 35,212,142 0.35 9,301,321 12,324,250 0.50 709,488 849,978 2,112,729 0.35 On August 25, 2020, the Company closed the second tranche of the August 2020 Offering, issuing 20,866,292 0.35 5,510,736 7,303,202 237,668 314,512 1,127,178 Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Six Months Ended June 30, 2021 (Expressed in United States Dollars) Unaudited 9. Capital stock, warrants and stock options (continued) Issued and outstanding (continued) In the August 2020 Offering, the fair value of warrants, which are treated as a liability and fair value accounted for, were greater than gross proceeds. As a result, a loss of $ 940,290 947,156 The Company also issued 2,205,714 177,353 55,676 28,300 344,185 0.67 899,237 On October 9, 2020, the Company issued 5,572,980 0.49 1,600,000 500,000 23,376 In February 2021, the Company closed a non-brokered private placement of units of the Company (the “February 2021 Offering”), issuing 19,576,360 0.40 6,168,069 7,830,544 0.60 five years 159,397 351,000 0.40 The Company also issued 417,720 132,000 0.45 56,146 For each financing, the Company has accounted for the warrants in accordance with ASC Topic 815. The warrants are considered derivative instruments as they were issued in a currency other than the Company’s functional currency of the U.S. dollar. The estimated fair value of warrants accounted for as liabilities was determined on the date of issue and marks to market at each financial reporting period. The change in fair value of the warrant is recorded in the condensed interim consolidated statements of income (loss) and comprehensive income (loss) as a gain or loss and is estimated using the Binomial model. Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Six Months Ended June 30, 2021 (Expressed in United States Dollars) Unaudited 9. Capital stock, warrants and stock options (continued) Issued and outstanding (continued) The fair value of the warrant liabilities related to the various tranches of warrants issued during the period were estimated using the Binomial model to determine the fair value using the following assumptions on the day of issuance and as at June 30, 2021: Schedule of Estimated Using the Binomial Model to Determine the Fair Value of Warrant Liabilities February 2021 issuance February 9 and June 30, 2021 Expected life 1826 days 1685 days Volatility 100 % 100 % Risk free interest rate 0.49 % 0.89 % Dividend yield 0 % 0 % Share price $ 0.27 0.29 $ 0.23 Fair value $ 3,813,103 $ 2,745,677 Change in derivative liability $ 1,067,426 The warrant liabilities as a result of the August 2018, November 2018, June 2019, August 2019, and August 2020 private placements were revalued as at June 30, 2021 and December 31, 2020 using the Binomial model and the following assumptions: August 2018 issuance December 31, 2020 June 30, 2021 Expected life 221 days 40 days Volatility 100 % 100 % Risk free interest rate 1.23 % 1.09 % Dividend yield 0 % 0 % Share price $ 0.41 $ 0.23 Fair value $ nil $ nil Change in derivative liability $ nil November 2018 issuance December 31, 2020 June 30, 2021 Expected life 332 days 151 days Volatility 100 % 100 % Risk free interest rate 1.09 % 0.96 % Dividend yield 0 % 0 % Share price $ 0.41 $ 0.23 Fair value $ 52,540 $ nil Change in derivative liability $ 52,540 Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Six Months Ended June 30, 2021 (Expressed in United States Dollars) Unaudited 9. Capital stock, warrants and stock options (continued) Issued and outstanding (continued) June 2019 issuance (i) December 31, 2020 June 30, 2021 Expected life 1826 days 1645 days Volatility 100 % 100 % Risk free interest rate 0.85 % 0.86 % Dividend yield 0 % 0 % Share price $ 0.41 $ 0.23 Fair value $ 3,438,839 $ 1,588,033 Change in derivative liability $ 1,850,806 (i) In December 2020, the Company amended the exercise price to C$ 0.59 per common share and extended the expiry date to December 31, 2025 for 11,660,000 warrants. August 2019 issuance (ii) December 31, 2020 June 30, 2021 Expected life 213 1826 days 32 1645 days Volatility 100 % 100 % Risk free interest rate 0.81 % 0.67 % Dividend yield 0 % 0 % Share price $ 0.41 $ 0.23 Fair value $ 5,922,270 $ 2,554,772 Change in derivative liability $ 3,367,498 (ii) In December 2020, the Company amended the exercise price to C$ 0.59 December 31, 2025 17,920,000 2,752,900 August 2020 issuance December 31, 2020 June 30, 2021 Expected life 973 days 792 days Volatility 100 % 100 % Risk free interest rate 1.31 % 0.36 % Dividend yield 0 % 0 % Share price $ 0.41 $ 0.23 Fair value $ 14,493,215 $ 5,210,492 Change in derivative liability $ 9,282,723 Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Six Months Ended June 30, 2021 (Expressed in United States Dollars) Unaudited 9. Capital stock, warrants and stock options (continued) Warrants Schedule of Warrant Activity Number of Weighted average exercise price Weighted average grant date warrants (C$) value ($) Balance, December 31, 2019 36,452,284 $ 0.48 $ 0.16 Issued 3,954,484 0.28 0.07 Expired (229,464 ) 8.50 3.54 Exercised (i) (2,332,900 ) 0.25 0.02 Balance, June 30, 2020 37,844,404 $ 0.43 $ 0.14 Balance, December 31, 2020 95,777,806 $ 0.54 $ 0.16 Issued 19,994,080 0.60 0.19 Balance, June 30, 2021 115,771,886 $ 0.55 $ 0.08 (i) During the six months ended June 30, 2020, 2,332,900 0.25 583,225 417,006 871,710 Schedule of Warrants Outstanding Exercise Price Expiry date Exercise price (C$) Number of warrants Number of warrants exercisable August 1, 2021 0.25 2,752,900 2,752,900 August 9, 2021 4.50 160,408 160,408 November 28, 2021 1.00 645,866 645,866 November 13, 2021 0.80 400,000 400,000 November 13, 2021 0.50 400,000 400,000 February 26, 2022 0.70 239,284 239,284 August 31, 2023 0.50 58,284,148 58,284,148 December 31, 2025 0.59 32,895,200 32,895,200 February 9, 2026 0.60 17,112,500 17,112,500 February 16, 2026 0.60 2,881,580 2,881,580 115,771,886 115,771,886 Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Six Months Ended June 30, 2021 (Expressed in United States Dollars) Unaudited 9. Capital stock, warrants and stock options (continued) Broker options Schedule of Broker Options Number of Weighted average broker options exercise price (C$) Balance, December 31, 2019 and June 30, 2020 - $ - Balance, December 31, 2020 3,239,907 $ 0.35 Issued - February 2021 Compensation Options 351,000 0.40 Balance, June 30, 2021 3,590,907 $ 0.35 (i) The grant date fair value of the February 2021 Compensation Options were estimated at $ 68,078 Schedule of Estimated Using Black-Scholes Valuation Model for Fair Value of Broker Options Risk free interest rate Dividend yield Volatility Stock price Weighted average life 0.26 % 0 % 100 % C$ 0.35 3 years Schedule of Warrants Outstanding Broker Option Exercise Prices Expiry date Exercise price (C$) Number of broker options Fair value ($) August 31, 2023 0.35 3,239,907 521,993 February 16, 2024 0.40 351,000 68,078 3,590,907 590,071 (i) Exercisable into one August 2020 Unit (ii) Exercisable into one February 2021 Unit Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Six Months Ended June 30, 2021 (Expressed in United States Dollars) Unaudited 9. Capital stock, warrants and stock options (continued) Stock options The following table summarizes the stock option activity during the periods ended June 30, 2021 and 2020: Schedule of Stock Options Number of stock options Weighted Average exercise price (C$) Balance, December 31, 2019 1,692,500 $ 1.27 Granted (i)(ii) 5,957,659 0.55 Forfeited (70,000 ) 10.38 Balance, June 30, 2020 7,580,159 $ 0.62 Balance, December 31, 2020 8,015,159 $ 0.62 Granted (iv) 1,037,977 0.34 Balance, June 30, 2021 9,053,136 $ 0.58 (i) On October 24, 2019, 1,575,000 5 0.60 435,069 13,946 37,759 55,550 141,441 (ii) On April 20, 2020, 5,957,659 0.55 5 1,536,764 124,802 322,144 155,681 155,681 (iii) On September 30, 2020, 200,000 stock options were issued to a consultant. Each stock option entitles the holder to acquire one common share of the Company at an exercise price of C$ 0.60 . The stock options vest 50 % at 6 months and 50 % at 12 months from the grant date and expire in 3 years . The grant date fair value of the options was estimated at $ 52,909 . The vesting of these options resulted in stock-based compensation of $ 6,596 and $ 26,056 , respectively for the three and six months ended June 30, 2021 (three and six months ended June 30, 2020 - $ nil and $ nil , respectively), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive income (loss). (iv) On February 19, 2021, 1,037,977 273,271 764,706 5 0.335 204,213 43,463 116,809 nil nil Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Six Months Ended June 30, 2021 (Expressed in United States Dollars) Unaudited 9. Capital stock, warrants and stock options (continued) Stock options (continued) The fair value of these stock options was determined on the date of grant using the Black-Scholes valuation model, and using the following underlying assumptions: Schedule of Estimated Using Black-Scholes Valuation Model for Fair value of Stock Options Risk free interest rate Dividend yield Volatility Stock price Weighted average life (i) 1.54% 0% 100% C$ 0.50 5 (ii) 0.44% 0% 100% C$ 0.50 5 (iii) 0.25% 0% 100% C$ 0.58 3 (iv) 0.64% 0% 100% C$ 0.34 5 The following table reflects the actual stock options issued and outstanding as of June 30, 2021: Schedule of Stock Option Issued and Outstanding Exercise price (C$) Weighted average remaining contractual life (years) Number of options outstanding Number of options vested (exercisable) Grant date fair value ($) 10.00 0.84 47,500 47,500 258,013 0.50 1.50 235,000 235,000 46,277 0.60 2.25 200,000 100,000 52,909 0.60 3.32 1,575,000 1,275,000 435,069 0.55 3.81 5,957,659 1,489,415 1,536,764 0.335 4.64 1,037,977 273,271 204,213 9,053,136 3,420,186 2,533,245 Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Six Months Ended June 30, 2021 (Expressed in United States Dollars) Unaudited |
Restricted share units
Restricted share units | 6 Months Ended |
Jun. 30, 2021 | |
Share-based Payment Arrangement [Abstract] | |
Restricted share units | 10. Restricted share units Effective March 25, 2020, the Board of Directors approved a Restricted Share Unit (“RSU”) Plan to grant RSUs to its officers, directors, key employees and consultants. The following table summarizes the RSU activity during the periods ended June 30, 2021 and 2020: Schedule of Restricted Share Units Number of Weighted average grant date fair value per share shares (C$) Unvested as at December 31, 2019 - $ - Granted (i)(ii) 600,000 0.40 Unvested as at June 30, 2020 600,000 $ 0.40 Unvested as at December 31, 2020 988,990 $ 0.39 Granted (v) 735,383 0.41 Vested (861,248 ) 0.41 Unvested as at June 30, 2021 863,125 $ 0.40 (i) On April 20, 2020, the Company granted 400,000 RSUs to a certain officer of the Company. The RSUs vest in one fourth increments upon each anniversary of the grant date. The vesting of these RSUs results in stock-based compensation of $ 16,192 and $ 43,160 , respectively for the three and six months ended June 30, 2021 (three and six months ended June 30, 2020 - $ 23,073 ), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive income (loss). (ii) On April 20, 2020, the Company granted 200,000 RSUs to a certain director of the Company. The RSUs vest in one fourth increments upon each anniversary of the grant date. The vesting of these RSUs results in stock-based compensation of $ 5,785 and $ 14,933 , respectively for the three and six months ended June 30, 2021 (three and six months ended June 30, 2020 - $ 7,217 ), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive income (loss). (iii) On November 16, 2020, the Company granted 168,000 RSUs to certain directors of the Company. The RSUs vest in one fourth increments upon each anniversary of the grant date. The vesting of these RSUs results in stock-based compensation of $ 8,085 and $ 16,081 , respectively for the three and six months ended June 30, 2021 (three and six months ended June 30, 2020 - $ nil ), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive income (loss). (iv) On December 6, 2020, the Company granted 220,990 RSUs to a consultant of the Company. The RSUs vest in one sixth increments per month. The vesting of these RSUs results in stock-based compensation of $ 9,628 and $ 58,740 , respectively for the three and six months ended June 30, 2021 (three and six months ended June 30, 2020 - $ nil ), which is included in operation and administration expenses on the condensed interim consolidated statements (v) On January 1, 2021, the Company granted 735,383 RSUs to a consultant of the Company. Of the 735,383 RSUs, 245,128 RSUs vested immediately, and the remaining 490,255 RSUs vested in 1/12 increments per month. The vesting of these RSUs results in stock-based compensation of $ 52,223 and $ 265,101 , respectively for the three and six months ended June 30, 2021 (three and six months ended June 30, 2020 - $ nil ), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive 449,400 Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Six Months Ended June 30, 2021 (Expressed in United States Dollars) Unaudited |
Deferred share units
Deferred share units | 6 Months Ended |
Jun. 30, 2021 | |
Deferred Share Units | |
Deferred share units | 11. Deferred share units Effective April 21, 2020, the Board of Directors approved a Deferred Share Unit (“DSU”) Plan to grant DSUs to its directors. The DSU Plan permits the eligible directors to defer receipt of all or a portion of their retainer or compensation until termination of their services and to receive such fees in the form of cash at that time. Upon vesting of the DSUs or termination of service as a director, the director will be able to redeem DSUs based upon the then market price of the Company’s common share on the date of redemption in exchange for cash. The following table summarizes the DSU activity during the periods ended June 30, 2021: Schedule of Deferred Share Units Number of shares Weighted grant date per share (C$) Unvested as at December 31, 2019 - - Granted (i) 7,500,000 $ 0.65 Unvested as at June 30, 2020, December 31, 2020 and June 30, 2021 7,500,000 $ 0.65 (i) On April 21, 2020, the Company granted 7,500,000 DSUs. The DSUs vest in one fourth increments upon each anniversary of the grant date and expire in 5 years. During the three and six months ended June 30, 2021, the Company recognized $ 54,186 and $ 139,721 , respectively recovery of stock-based compensation related to the DSUs (three and six months ended June 30, 2020 - $ 549,664 of stock-based compensation expensed), which is included in operation and administration expenses on the condensed interim consolidated statements of income and comprehensive income. Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Six Months Ended June 30, 2021 (Expressed in United States Dollars) Unaudited |
Income per share
Income per share | 6 Months Ended |
Jun. 30, 2021 | |
Net income (loss) per common share (note 12) | |
Income per share | 12. Income per share Potentially dilutive securities include convertible loan payable, warrants, broker options, stock options, RSUs and DSUs. Diluted income per share reflects the assumed exercise or conversion of all dilutive securities using the treasury stock method. Schedule of Income per Share Three Months Ended Three Months Ended Six Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2021 2020 2021 2020 Net income (loss) and comprehensive income (loss) for the period $ 45,056 $ (22,882,575 ) $ 5,882,865 $ (13,580,978 ) Basic income (loss) per share Weighted average number of common shares - basic 163,677,564 79,005,399 158,916,637 76,010,941 Net income (loss) per share – basic $ 0.00 $ (0.29 ) $ 0.04 $ (0.18 ) Net income (loss) and comprehensive income (loss) for the period $ 45,056 $ (22,882,575 ) $ 5,882,865 $ (13,580,978 ) Dilutive effect of warrants on net income (175,816 ) - (520,066 ) - Diluted net income (loss) and comprehensive income (loss) for the period $ (130,760 ) $ (22,882,575 ) $ 5,362,799 $ (13,580,978 ) Diluted income (loss) per share 163,677,564 79,005,399 158,916,637 76,010,941 Diluted effect: Warrants, broker options, and stock options 703,569 - 1,027,400 - Weighted average number of common shares 164,381,133 79,005,399 159,944,037 76,010,941 Net income (loss) per share - fully diluted $ 0.00 $ (0.29 ) $ 0.03 $ (0.18 ) |
Commitments and contingencies
Commitments and contingencies | 6 Months Ended |
Jun. 30, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and contingencies | 13. Commitments and contingencies As stipulated by the agreements with Placer Mining as described in note 5, the Company is required to make monthly payment of $ 60,000 As stipulated in the agreement with the EPA and as described in note 5, the Company is required to make two payments to the EPA, one for cost-recovery, and the other for water treatment. As at June 30, 2021, $ 13,235,340 The Company has entered into a lease agreement which expires in May 2022 26,000 On or about June 14, 2021, a lawsuit was filed in the US District Court for the District of Idaho brought by a purported personal representative of the estate of a minority shareholder of Placer Mining. The named defendants include Placer Mining, certain of Placer Mining’s shareholders, the Company, and certain of the Company’s shareholders. The lawsuit alleges that Placer Mining entered into a series of transactions, including amendments to the Company’s lease with Placer Mining, in breach of an agreement dated August 31, 2018, which allegedly restricted the sale of shares in Placer Mining by certain shareholders. On August 13, 2021, the Company filed a motion to dismiss the claim for lack of jurisdiction and standing. On July 28, 2021, a lawsuit was filed in the US District Court for the District of Idaho brought by Crescent Mining, LLC (“Crescent”). The named defendants include Placer Mining, Robert Hopper Jr., and the Company. The lawsuit alleges that Placer Mining and Robert Hopper Jr. intentionally flooded the Crescent Mine during the period from 1991 and 1994, and that the Company is jointly and severally liable with the other defendants for unspecified past and future costs associated with the presence of AMD in the Crescent Mine. The plaintiff has requested unspecified damages. The Company believes the claims in both lawsuits, as they relate to Bunker Hill, are without merit and intends to defend them vigorously. Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Six Months Ended June 30, 2021 (Expressed in United States Dollars) Unaudited |
Related party transactions
Related party transactions | 6 Months Ended |
Jun. 30, 2021 | |
Related Party Transactions [Abstract] | |
Related party transactions | 14. Related party transactions Compensation of key management personnel The Company’s key management personnel have the authority and responsibility for planning, directing and controlling the activities of the Company and consists of the Company’s executive management team and management directors. Schedule of Related Party Transactions Three Months Ended Three Months Ended Six Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2021 2020 2021 2020 Consulting fees $ 245,936 $ 131,448 $ 570,555 $ 291,203 At June 30, 2021, $ 69,835 45,000 Share subscriptions During the six months ended June 30, 2021, the CEO of the Company subscribed for 208,860 During the six months ended June 30, 2021, the Company issued 208,860 0.45 66,000 During the six months ended June 30, 2021, the Company issued 208,860 0.45 66,000 Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Six Months Ended June 30, 2021 (Expressed in United States Dollars) Unaudited |
Financial instruments
Financial instruments | 6 Months Ended |
Jun. 30, 2021 | |
Investments, All Other Investments [Abstract] | |
Financial instruments | 15. Financial instruments Fair values The carrying amounts reported in the condensed interim consolidated balance sheets for cash and cash equivalents, accounts receivable excluding HST, accounts payable, accrued liabilities, DSU liability and lease liability, all of which are financial instruments, are a reasonable estimate of fair value because of the short period of time between the origination of such instruments and their expected realization and current market rate of interest. The Company measured its DSU liability at fair value on recurring basis using level 1 inputs and derivative warrant liabilities at fair value on recurring basis using level 3 inputs. There were no transfers of financial instruments between levels 1, 2, and 3 during the period ended June 30, 2021 and year ended December 31, 2020. Foreign currency risk Foreign currency risk is the risk that changes the rates of exchange on foreign currencies will impact the financial position of cash flows of the Company. The Company is exposed to foreign currency risks in relation to certain activities that are to be settled in Canadian dollars. Management monitors its foreign currency exposure regularly to minimize the risk of an adverse impact on its cash flows. Concentration of credit risk Concentration of credit risk is the risk of loss in the event that certain counterparties are unable to fulfill its obligations to the Company. The Company’s financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and cash equivalents. The Company places its cash and cash equivalents with financial institutions of high credit worthiness. At times, its cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company’s management also routinely assesses the financial strength and credit worthiness of any parties to which it extends funds and as such, it believes that any associated credit risk exposures are limited. Liquidity risk Liquidity risk is the risk that the Company’s consolidated cash flows from operations will not be sufficient for the Company to continue operating and discharge its liabilities. The Company is exposed to liquidity risk as its continued operation is dependent upon its ability to obtain financing, either in the form of debt or equity, or achieving profitable operations in order to satisfy its liabilities as they come due. |
Equipment (Tables)
Equipment (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Property, Plant and Equipment [Abstract] | |
Schedule of Equipment | Equipment consists of the following: Schedule of Equipment June 30, 2021 December 31, 2020 Equipment $ 603,972 $ 509,279 Less accumulated depreciation (137,948 ) (73,552 ) Equipment, net $ 466,024 $ 435,727 |
Right-of-use asset (Tables)
Right-of-use asset (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Right-of-use Asset | |
Schedule of Right-of-Use Asset | Right-of-use asset consists of the following: Schedule of Right-of-Use Asset June 30, 2021 December 31, 2020 Office lease $ 319,133 $ 319,133 Less accumulated depreciation (213,591 ) (160,402 ) Right-of-use asset, net $ 105,542 $ 158,731 |
Mining interests (Tables)
Mining interests (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Extractive Industries [Abstract] | |
Schedule of Payments for Mining | Schedule of Payments for Mining Date Amount Action Within 30 days of the effective date $1,000,000 Paid November 1, 2018 $2,000,000 Not paid November 1, 2019 $3,000,000 Not paid November 1, 2020 $3,000,000 Not paid November 1, 2021 $3,000,000 November 1, 2022 $3,000,000 November 1, 2023 $3,000,000 November 1, 2024 $2,000,000 |
Convertible loan payable (Table
Convertible loan payable (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Debt Disclosure [Abstract] | |
Schedule of Convertible Loan Outstanding Interest Payable | Schedule of Convertible Loan Outstanding Interest Payable Amount Balance, December 31, 2019 $ 1,815,500 Accretion expense 75,093 Loss on loan extinguishment 9,407 Partial extinguishment (300,000 ) Loan extinguishment (1,600,000 ) Balance, December 31, 2020 and June 30, 2021 $ - |
Promissory notes payable (Table
Promissory notes payable (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Debt Disclosure [Abstract] | |
Schedule of Fair Value of Derivative Warrant Liability Assumptions | The fair value of the warrants were estimated using the Binomial model to determine the fair value of the derivative warrant liabilities using the following assumptions: Schedule of Fair Value of Derivative Warrant Liability Assumptions November 2019 issuance December 31, 2020 June 30, 2021 Expected life 317 days 136 days Volatility 100 % 100 % Risk free interest rate 0.64 % 0.58 % Dividend yield 0 % 0 % Share price $ 0.41 $ 0.23 Fair value $ 40,999 $nil Change in derivative liability $ 40,999 April 2020 issuance December 31, 2020 June 30, 2021 Expected life 317 days 136 days Volatility 100 % 100 % Risk free interest rate 0.27 % 0.27 % Dividend yield 0 % 0 % Share price $ 0.41 $ 0.23 Fair value $ 58,373 $ 8,198 Change in derivative liability $ 50,175 |
Lease liability (Tables)
Lease liability (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Leases [Abstract] | |
Schedule of Operating Lease Liability | The Company has an operating lease for office space that expires in 2022. Schedule of Operating Lease Liability Office lease Balance, December 31, 2019 $ 274,981 Addition - Interest expense 22,156 Lease payments (123,098 ) Foreign exchange loss 2,568 Balance, December 31, 2020 176,607 Addition - Interest expense 7,827 Lease payments (64,985 ) Foreign exchange loss 4,485 Balance, June 30, 2021 123,934 Less: current portion (123,934 ) Long-term lease liability $ - |
Schedule of Lease Obligations | Schedule of Lease Obligations Less than 1 year 1-2 years 2-3 years Total Base rent $ 149,044 $ - $ - $ 149,044 Additional rent 137,555 - - 137,555 $ 286,599 $ - $ - $ 286,599 |
Capital stock, warrants and s_2
Capital stock, warrants and stock options (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Equity [Abstract] | |
Schedule of Estimated Using the Binomial Model to Determine the Fair Value of Warrant Liabilities | The fair value of the warrant liabilities related to the various tranches of warrants issued during the period were estimated using the Binomial model to determine the fair value using the following assumptions on the day of issuance and as at June 30, 2021: Schedule of Estimated Using the Binomial Model to Determine the Fair Value of Warrant Liabilities February 2021 issuance February 9 and June 30, 2021 Expected life 1826 days 1685 days Volatility 100 % 100 % Risk free interest rate 0.49 % 0.89 % Dividend yield 0 % 0 % Share price $ 0.27 0.29 $ 0.23 Fair value $ 3,813,103 $ 2,745,677 Change in derivative liability $ 1,067,426 The warrant liabilities as a result of the August 2018, November 2018, June 2019, August 2019, and August 2020 private placements were revalued as at June 30, 2021 and December 31, 2020 using the Binomial model and the following assumptions: August 2018 issuance December 31, 2020 June 30, 2021 Expected life 221 days 40 days Volatility 100 % 100 % Risk free interest rate 1.23 % 1.09 % Dividend yield 0 % 0 % Share price $ 0.41 $ 0.23 Fair value $ nil $ nil Change in derivative liability $ nil November 2018 issuance December 31, 2020 June 30, 2021 Expected life 332 days 151 days Volatility 100 % 100 % Risk free interest rate 1.09 % 0.96 % Dividend yield 0 % 0 % Share price $ 0.41 $ 0.23 Fair value $ 52,540 $ nil Change in derivative liability $ 52,540 Bunker Hill Mining Corp. Notes to Condensed Interim Consolidated Financial Statements Three and Six Months Ended June 30, 2021 (Expressed in United States Dollars) Unaudited 9. Capital stock, warrants and stock options (continued) Issued and outstanding (continued) June 2019 issuance (i) December 31, 2020 June 30, 2021 Expected life 1826 days 1645 days Volatility 100 % 100 % Risk free interest rate 0.85 % 0.86 % Dividend yield 0 % 0 % Share price $ 0.41 $ 0.23 Fair value $ 3,438,839 $ 1,588,033 Change in derivative liability $ 1,850,806 (i) In December 2020, the Company amended the exercise price to C$ 0.59 per common share and extended the expiry date to December 31, 2025 for 11,660,000 warrants. August 2019 issuance (ii) December 31, 2020 June 30, 2021 Expected life 213 1826 days 32 1645 days Volatility 100 % 100 % Risk free interest rate 0.81 % 0.67 % Dividend yield 0 % 0 % Share price $ 0.41 $ 0.23 Fair value $ 5,922,270 $ 2,554,772 Change in derivative liability $ 3,367,498 (ii) In December 2020, the Company amended the exercise price to C$ 0.59 December 31, 2025 17,920,000 2,752,900 August 2020 issuance December 31, 2020 June 30, 2021 Expected life 973 days 792 days Volatility 100 % 100 % Risk free interest rate 1.31 % 0.36 % Dividend yield 0 % 0 % Share price $ 0.41 $ 0.23 Fair value $ 14,493,215 $ 5,210,492 Change in derivative liability $ 9,282,723 |
Schedule of Warrant Activity | Warrants Schedule of Warrant Activity Number of Weighted average exercise price Weighted average grant date warrants (C$) value ($) Balance, December 31, 2019 36,452,284 $ 0.48 $ 0.16 Issued 3,954,484 0.28 0.07 Expired (229,464 ) 8.50 3.54 Exercised (i) (2,332,900 ) 0.25 0.02 Balance, June 30, 2020 37,844,404 $ 0.43 $ 0.14 Balance, December 31, 2020 95,777,806 $ 0.54 $ 0.16 Issued 19,994,080 0.60 0.19 Balance, June 30, 2021 115,771,886 $ 0.55 $ 0.08 (i) During the six months ended June 30, 2020, 2,332,900 0.25 583,225 417,006 871,710 |
Schedule of Warrants Outstanding Exercise Price | Schedule of Warrants Outstanding Exercise Price Expiry date Exercise price (C$) Number of warrants Number of warrants exercisable August 1, 2021 0.25 2,752,900 2,752,900 August 9, 2021 4.50 160,408 160,408 November 28, 2021 1.00 645,866 645,866 November 13, 2021 0.80 400,000 400,000 November 13, 2021 0.50 400,000 400,000 February 26, 2022 0.70 239,284 239,284 August 31, 2023 0.50 58,284,148 58,284,148 December 31, 2025 0.59 32,895,200 32,895,200 February 9, 2026 0.60 17,112,500 17,112,500 February 16, 2026 0.60 2,881,580 2,881,580 115,771,886 115,771,886 |
Schedule of Broker Options | Broker options Schedule of Broker Options Number of Weighted average broker options exercise price (C$) Balance, December 31, 2019 and June 30, 2020 - $ - Balance, December 31, 2020 3,239,907 $ 0.35 Issued - February 2021 Compensation Options 351,000 0.40 Balance, June 30, 2021 3,590,907 $ 0.35 (i) The grant date fair value of the February 2021 Compensation Options were estimated at $ 68,078 |
Schedule of Estimated Using Black-Scholes Valuation Model for Fair Value of Broker Options | Schedule of Estimated Using Black-Scholes Valuation Model for Fair Value of Broker Options Risk free interest rate Dividend yield Volatility Stock price Weighted average life 0.26 % 0 % 100 % C$ 0.35 3 years |
Schedule of Warrants Outstanding Broker Option Exercise Prices | Schedule of Warrants Outstanding Broker Option Exercise Prices Expiry date Exercise price (C$) Number of broker options Fair value ($) August 31, 2023 0.35 3,239,907 521,993 February 16, 2024 0.40 351,000 68,078 3,590,907 590,071 (i) Exercisable into one August 2020 Unit (ii) Exercisable into one February 2021 Unit |
Schedule of Stock Options | The following table summarizes the stock option activity during the periods ended June 30, 2021 and 2020: Schedule of Stock Options Number of stock options Weighted Average exercise price (C$) Balance, December 31, 2019 1,692,500 $ 1.27 Granted (i)(ii) 5,957,659 0.55 Forfeited (70,000 ) 10.38 Balance, June 30, 2020 7,580,159 $ 0.62 Balance, December 31, 2020 8,015,159 $ 0.62 Granted (iv) 1,037,977 0.34 Balance, June 30, 2021 9,053,136 $ 0.58 (i) On October 24, 2019, 1,575,000 5 0.60 435,069 13,946 37,759 55,550 141,441 (ii) On April 20, 2020, 5,957,659 0.55 5 1,536,764 124,802 322,144 155,681 155,681 (iii) On September 30, 2020, 200,000 stock options were issued to a consultant. Each stock option entitles the holder to acquire one common share of the Company at an exercise price of C$ 0.60 . The stock options vest 50 % at 6 months and 50 % at 12 months from the grant date and expire in 3 years . The grant date fair value of the options was estimated at $ 52,909 . The vesting of these options resulted in stock-based compensation of $ 6,596 and $ 26,056 , respectively for the three and six months ended June 30, 2021 (three and six months ended June 30, 2020 - $ nil and $ nil , respectively), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive income (loss). (iv) On February 19, 2021, 1,037,977 273,271 764,706 5 0.335 204,213 43,463 116,809 nil nil |
Schedule of Estimated Using Black-Scholes Valuation Model for Fair value of Stock Options | The fair value of these stock options was determined on the date of grant using the Black-Scholes valuation model, and using the following underlying assumptions: Schedule of Estimated Using Black-Scholes Valuation Model for Fair value of Stock Options Risk free interest rate Dividend yield Volatility Stock price Weighted average life (i) 1.54% 0% 100% C$ 0.50 5 (ii) 0.44% 0% 100% C$ 0.50 5 (iii) 0.25% 0% 100% C$ 0.58 3 (iv) 0.64% 0% 100% C$ 0.34 5 |
Schedule of Stock Option Issued and Outstanding | The following table reflects the actual stock options issued and outstanding as of June 30, 2021: Schedule of Stock Option Issued and Outstanding Exercise price (C$) Weighted average remaining contractual life (years) Number of options outstanding Number of options vested (exercisable) Grant date fair value ($) 10.00 0.84 47,500 47,500 258,013 0.50 1.50 235,000 235,000 46,277 0.60 2.25 200,000 100,000 52,909 0.60 3.32 1,575,000 1,275,000 435,069 0.55 3.81 5,957,659 1,489,415 1,536,764 0.335 4.64 1,037,977 273,271 204,213 9,053,136 3,420,186 2,533,245 |
Restricted share units (Tables)
Restricted share units (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Share-based Payment Arrangement [Abstract] | |
Schedule of Restricted Share Units | The following table summarizes the RSU activity during the periods ended June 30, 2021 and 2020: Schedule of Restricted Share Units Number of Weighted average grant date fair value per share shares (C$) Unvested as at December 31, 2019 - $ - Granted (i)(ii) 600,000 0.40 Unvested as at June 30, 2020 600,000 $ 0.40 Unvested as at December 31, 2020 988,990 $ 0.39 Granted (v) 735,383 0.41 Vested (861,248 ) 0.41 Unvested as at June 30, 2021 863,125 $ 0.40 (i) On April 20, 2020, the Company granted 400,000 RSUs to a certain officer of the Company. The RSUs vest in one fourth increments upon each anniversary of the grant date. The vesting of these RSUs results in stock-based compensation of $ 16,192 and $ 43,160 , respectively for the three and six months ended June 30, 2021 (three and six months ended June 30, 2020 - $ 23,073 ), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive income (loss). (ii) On April 20, 2020, the Company granted 200,000 RSUs to a certain director of the Company. The RSUs vest in one fourth increments upon each anniversary of the grant date. The vesting of these RSUs results in stock-based compensation of $ 5,785 and $ 14,933 , respectively for the three and six months ended June 30, 2021 (three and six months ended June 30, 2020 - $ 7,217 ), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive income (loss). (iii) On November 16, 2020, the Company granted 168,000 RSUs to certain directors of the Company. The RSUs vest in one fourth increments upon each anniversary of the grant date. The vesting of these RSUs results in stock-based compensation of $ 8,085 and $ 16,081 , respectively for the three and six months ended June 30, 2021 (three and six months ended June 30, 2020 - $ nil ), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive income (loss). (iv) On December 6, 2020, the Company granted 220,990 RSUs to a consultant of the Company. The RSUs vest in one sixth increments per month. The vesting of these RSUs results in stock-based compensation of $ 9,628 and $ 58,740 , respectively for the three and six months ended June 30, 2021 (three and six months ended June 30, 2020 - $ nil ), which is included in operation and administration expenses on the condensed interim consolidated statements (v) On January 1, 2021, the Company granted 735,383 RSUs to a consultant of the Company. Of the 735,383 RSUs, 245,128 RSUs vested immediately, and the remaining 490,255 RSUs vested in 1/12 increments per month. The vesting of these RSUs results in stock-based compensation of $ 52,223 and $ 265,101 , respectively for the three and six months ended June 30, 2021 (three and six months ended June 30, 2020 - $ nil ), which is included in operation and administration expenses on the condensed interim consolidated statements of income (loss) and comprehensive 449,400 |
Deferred share units (Tables)
Deferred share units (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Deferred Share Units | |
Schedule of Deferred Share Units | The following table summarizes the DSU activity during the periods ended June 30, 2021: Schedule of Deferred Share Units Number of shares Weighted grant date per share (C$) Unvested as at December 31, 2019 - - Granted (i) 7,500,000 $ 0.65 Unvested as at June 30, 2020, December 31, 2020 and June 30, 2021 7,500,000 $ 0.65 (i) On April 21, 2020, the Company granted 7,500,000 DSUs. The DSUs vest in one fourth increments upon each anniversary of the grant date and expire in 5 years. During the three and six months ended June 30, 2021, the Company recognized $ 54,186 and $ 139,721 , respectively recovery of stock-based compensation related to the DSUs (three and six months ended June 30, 2020 - $ 549,664 of stock-based compensation expensed), which is included in operation and administration expenses on the condensed interim consolidated statements of income and comprehensive income. |
Income per share (Tables)
Income per share (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Net income (loss) per common share (note 12) | |
Schedule of Income per Share | Potentially dilutive securities include convertible loan payable, warrants, broker options, stock options, RSUs and DSUs. Diluted income per share reflects the assumed exercise or conversion of all dilutive securities using the treasury stock method. Schedule of Income per Share Three Months Ended Three Months Ended Six Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2021 2020 2021 2020 Net income (loss) and comprehensive income (loss) for the period $ 45,056 $ (22,882,575 ) $ 5,882,865 $ (13,580,978 ) Basic income (loss) per share Weighted average number of common shares - basic 163,677,564 79,005,399 158,916,637 76,010,941 Net income (loss) per share – basic $ 0.00 $ (0.29 ) $ 0.04 $ (0.18 ) Net income (loss) and comprehensive income (loss) for the period $ 45,056 $ (22,882,575 ) $ 5,882,865 $ (13,580,978 ) Dilutive effect of warrants on net income (175,816 ) - (520,066 ) - Diluted net income (loss) and comprehensive income (loss) for the period $ (130,760 ) $ (22,882,575 ) $ 5,362,799 $ (13,580,978 ) Diluted income (loss) per share 163,677,564 79,005,399 158,916,637 76,010,941 Diluted effect: Warrants, broker options, and stock options 703,569 - 1,027,400 - Weighted average number of common shares 164,381,133 79,005,399 159,944,037 76,010,941 Net income (loss) per share - fully diluted $ 0.00 $ (0.29 ) $ 0.03 $ (0.18 ) |
Related party transactions (Tab
Related party transactions (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Related Party Transactions [Abstract] | |
Schedule of Related Party Transactions | The Company’s key management personnel have the authority and responsibility for planning, directing and controlling the activities of the Company and consists of the Company’s executive management team and management directors. Schedule of Related Party Transactions Three Months Ended Three Months Ended Six Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2021 2020 2021 2020 Consulting fees $ 245,936 $ 131,448 $ 570,555 $ 291,203 |
Nature and continuance of ope_2
Nature and continuance of operations and going concern (Details Narrative) - USD ($) | 6 Months Ended | |
Jun. 30, 2021 | Dec. 31, 2020 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Entity incorporation, state or country code | NV | |
Date of incorporation | Feb. 20, 2007 | |
Accumulated deficit | $ 60,206,008 | $ 66,088,873 |
Schedule of Equipment (Details)
Schedule of Equipment (Details) - USD ($) | Jun. 30, 2021 | Dec. 31, 2020 |
Property, Plant and Equipment [Line Items] | ||
Less accumulated depreciation | $ (137,948) | $ (73,552) |
Equipment, net | 466,024 | 435,727 |
Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Equipment | $ 603,972 | $ 509,279 |
Equipment (Details Narrative)
Equipment (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Property, Plant and Equipment [Line Items] | ||||
Depreciation expense | $ 117,585 | $ 70,035 | ||
Equipment [Member] | ||||
Property, Plant and Equipment [Line Items] | ||||
Depreciation expense | $ 34,566 | $ 14,392 | $ 64,396 | $ 16,673 |
Schedule of Right-of-Use Asset
Schedule of Right-of-Use Asset (Details) - USD ($) | Jun. 30, 2021 | Dec. 31, 2020 |
Right-of-use Asset | ||
Office lease | $ 319,133 | $ 319,133 |
Less accumulated depreciation | (213,591) | (160,402) |
Right-of-use asset, net | $ 105,542 | $ 158,731 |
Right-of-use asset (Details Nar
Right-of-use asset (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Right-of-use Asset | ||||
Depreciation expense | $ 26,594 | $ 27,430 | $ 53,189 | $ 53,362 |
Schedule of Payments for Mining
Schedule of Payments for Mining (Details) - Option to Purchase Agreement [Member] - Environmental Protection Agency [Member] - USD ($) | 6 Months Ended | |
Jun. 30, 2021 | Dec. 31, 2020 | |
Reserve Quantities [Line Items] | ||
Lease liability payments due | $ 20,000,000 | |
Within 30 Days of the Effective Date [Member] | ||
Reserve Quantities [Line Items] | ||
Lease liability payments due | $ 1,000,000 | |
Lease liability payment action | Paid | |
November 1, 2018 [Member] | ||
Reserve Quantities [Line Items] | ||
Lease liability payments due | $ 2,000,000 | |
Lease liability payment action | Not paid | |
November 1, 2019 [Member] | ||
Reserve Quantities [Line Items] | ||
Lease liability payments due | $ 3,000,000 | |
Lease liability payment action | Not paid | |
November 1, 2020 [Member] | ||
Reserve Quantities [Line Items] | ||
Lease liability payments due | $ 3,000,000 | |
Lease liability payment action | Not paid | |
November 1, 2021 [Member] | ||
Reserve Quantities [Line Items] | ||
Lease liability payments due | $ 3,000,000 | |
November 1, 2022 [Member] | ||
Reserve Quantities [Line Items] | ||
Lease liability payments due | 3,000,000 | |
November 1, 2023 [Member] | ||
Reserve Quantities [Line Items] | ||
Lease liability payments due | 3,000,000 | |
November 1, 2024 [Member] | ||
Reserve Quantities [Line Items] | ||
Lease liability payments due | $ 2,000,000 |
Mining interests (Details Narra
Mining interests (Details Narrative) - USD ($) | Nov. 20, 2020 | Nov. 20, 2020 | Jul. 27, 2020 | Nov. 01, 2019 | Oct. 02, 2018 | Oct. 31, 2017 | Dec. 31, 2017 | Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Dec. 31, 2020 | Jun. 30, 2020 | Jun. 30, 2017 | Nov. 13, 2018 | |
Reserve Quantities [Line Items] | |||||||||||||||||
Mining lease payments | $ 64,985 | $ 123,098 | |||||||||||||||
Option extension fee | $ 406,249 | $ 154,165 | 884,868 | $ 355,252 | |||||||||||||
Number shares issued of common shares | [1] | 1,301,525 | |||||||||||||||
Exploration expense | 4,123,735 | $ 2,461,383 | 7,212,037 | $ 3,377,124 | |||||||||||||
Environmental Protection Agency [Member] | |||||||||||||||||
Reserve Quantities [Line Items] | |||||||||||||||||
Accrued expenses | 258,154 | 258,154 | $ 162,540 | 162,540 | |||||||||||||
Exploration expense | 630,000 | 1,309,000 | |||||||||||||||
Operating lease net payments | 4,977,186 | 4,977,186 | 3,136,055 | 3,136,055 | |||||||||||||
Accounts payable and accrued liabilities | 13,235,340 | 13,235,340 | 11,298,594 | 11,298,594 | |||||||||||||
Environmental Protection Agency [Member] | June 1 and December 1 of Each Year [Member] | |||||||||||||||||
Reserve Quantities [Line Items] | |||||||||||||||||
Semi-annual lease payments | 480,000 | 480,000 | |||||||||||||||
Environmental Protection Agency [Member] | November 2019 to October 2020 [Member] | |||||||||||||||||
Reserve Quantities [Line Items] | |||||||||||||||||
Outstanding payment | 2,500,000 | ||||||||||||||||
Environmental Protection Agency [Member] | November 2019 to March 2021 [Member] | |||||||||||||||||
Reserve Quantities [Line Items] | |||||||||||||||||
Accruing monthly lease payment | 133,000 | ||||||||||||||||
Placer Mining Corp [Member] | Bunker Assets [Member] | |||||||||||||||||
Reserve Quantities [Line Items] | |||||||||||||||||
Option to purchase lease asset price | $ 45,000,000 | ||||||||||||||||
Lease term | 10 years | 10 years | 10 years | ||||||||||||||
Royalty percentage of net smelter return on sales | 3.00% | ||||||||||||||||
Royalty percentage of net smelter return after purchase option | 1.50% | ||||||||||||||||
Post-acquisition of net smelter return cost | $ 60,000,000 | ||||||||||||||||
Letter of Intent [Member] | |||||||||||||||||
Reserve Quantities [Line Items] | |||||||||||||||||
Payments to acquire mining interest | $ 300,000 | ||||||||||||||||
Definitive Agreement [Member] | Placer Mining Corp [Member] | |||||||||||||||||
Reserve Quantities [Line Items] | |||||||||||||||||
Bonus payment for mining assets | $ 1,000,000 | $ 500,000 | |||||||||||||||
Lease term description | The 24month lease commenced November 1, 2017. | ||||||||||||||||
Mining lease payments | $ 100,000 | ||||||||||||||||
Option to Purchase Agreement [Member] | Environmental Protection Agency [Member] | |||||||||||||||||
Reserve Quantities [Line Items] | |||||||||||||||||
Lease liability payments due | 20,000,000 | 20,000,000 | |||||||||||||||
Option to Purchase Agreement [Member] | Environmental Protection Agency [Member] | 30 Days After a Fully Ratified Agreement [Member] | |||||||||||||||||
Reserve Quantities [Line Items] | |||||||||||||||||
Lease liability payments due | 1,000,000 | 1,000,000 | |||||||||||||||
Option to Purchase Agreement [Member] | Placer Mining Corp [Member] | |||||||||||||||||
Reserve Quantities [Line Items] | |||||||||||||||||
Payments to acquire mining interest | $ 60,000 | $ 60,000 | |||||||||||||||
Lease term description | The Company will continue to make monthly care and maintenance payments to Placer Mining of $60,000 until exercising the option to purchase | ||||||||||||||||
Mining lease payments | $ 150,000 | 60,000 | $ 400,000 | ||||||||||||||
Option to purchase lease asset price | $ 11,000,000 | ||||||||||||||||
Royalty percentage of net smelter return on sales | 100.00% | ||||||||||||||||
Reducation of monthly lease payments | $ 60,000 | ||||||||||||||||
Accumulated reduction of lease payments | $ 140,000 | ||||||||||||||||
Accrued expenses | $ 0 | $ 0 | 0 | $ 0 | |||||||||||||
Option to extend lease period | the Company extended the lease with Placer Mining for a further 18 months for a $150,000 extension fee. | the option to extend for a further six months based upon payment of a one-time $60,000 extension fee | |||||||||||||||
Option extension fee | $ 60,000 | ||||||||||||||||
Cash payment | 300,000 | ||||||||||||||||
Purchases price consideration | $ 7,700,000 | ||||||||||||||||
Payable in cash | 5,400,000 | $ 5,700,000 | |||||||||||||||
Aggregate in amount | 300,000 | $ 300,000 | |||||||||||||||
Consideration shares | 2,000,000 | ||||||||||||||||
Gain on settlement of accounts payable | 1,787,300 | $ 1,787,300 | |||||||||||||||
Advance payment | 2,000,000 | ||||||||||||||||
Payment of asset | 2,000,000 | ||||||||||||||||
Option to Purchase Agreement [Member] | Placer Mining Corp [Member] | Bunker Assets to be Paid in Cash [Member] | |||||||||||||||||
Reserve Quantities [Line Items] | |||||||||||||||||
Option to purchase lease asset price | 6,200,000 | ||||||||||||||||
Option to Purchase Agreement [Member] | Placer Mining Corp [Member] | Bunker Assets to be Paid in Shares [Member] | |||||||||||||||||
Reserve Quantities [Line Items] | |||||||||||||||||
Option to purchase lease asset price | 4,800,000 | ||||||||||||||||
Environmental Protection Agency [Member] | Placer Mining Corp [Member] | |||||||||||||||||
Reserve Quantities [Line Items] | |||||||||||||||||
Option to purchase lease asset price | $ 20,000,000 | ||||||||||||||||
Option to Purchase Agreement [Member] | Placer Mining Corp [Member] | |||||||||||||||||
Reserve Quantities [Line Items] | |||||||||||||||||
Payable in cash | 3,400,000 | ||||||||||||||||
Number shares issued of common shares | $ 2,000,000 | ||||||||||||||||
[1] | Shares issued at C$0.56, converted to US at $0.42 (note 9) |
Schedule of Convertible Loan Ou
Schedule of Convertible Loan Outstanding Interest Payable (Details) - USD ($) | Oct. 09, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 |
Short-term Debt [Line Items] | ||||||
Accretion expense | $ 143,759 | $ 252,009 | ||||
Loss on loan extinguishment | $ 23,376 | (56,146) | ||||
Convertible Loan Payable [Member] | ||||||
Short-term Debt [Line Items] | ||||||
Beginning Balance | 1,815,500 | $ 1,815,500 | ||||
Accretion expense | 0 | $ 37,380 | 0 | $ 75,093 | 75,093 | |
Loss on loan extinguishment | 9,407 | |||||
Partial extinguishment | (300,000) | |||||
Loan extinguishment | (1,600,000) | |||||
Ending Balance |
Convertible loan payable (Detai
Convertible loan payable (Details Narrative) | Oct. 09, 2020USD ($)shares | Jun. 13, 2018USD ($)shares | Oct. 31, 2020$ / sharesshares | Jun. 30, 2020 | Feb. 29, 2020USD ($)shares | Jun. 30, 2019USD ($)shares | Aug. 31, 2018USD ($)shares | Jun. 30, 2021USD ($)shares | Jun. 30, 2020USD ($) | Jun. 30, 2021USD ($)shares | Jun. 30, 2020USD ($) | Dec. 31, 2020USD ($) | Jun. 30, 2019 | Dec. 31, 2019USD ($) | Aug. 31, 2018$ / shares | Jun. 13, 2018$ / shares |
Extinguishment of Debt [Line Items] | ||||||||||||||||
Warrants to purchase shares | shares | 115,771,886 | 115,771,886 | ||||||||||||||
Number of shares issued | shares | 5,572,980 | |||||||||||||||
Loss on loan extinguishment | $ 23,376 | $ (56,146) | ||||||||||||||
Accretion expense | 143,759 | 252,009 | ||||||||||||||
Interest expense | $ 49,929 | $ 102,545 | ||||||||||||||
Convertible Loan Payable [Member] | ||||||||||||||||
Extinguishment of Debt [Line Items] | ||||||||||||||||
Loan interest rate | 16.00% | 16.00% | 16.00% | |||||||||||||
Convertible loan payable | $ 1,815,500 | |||||||||||||||
Number of shares issued | shares | 5,572,980 | |||||||||||||||
Loss on loan extinguishment | 9,407 | |||||||||||||||
Accretion expense | 0 | $ 37,380 | 0 | $ 75,093 | 75,093 | |||||||||||
Interest expense | 0 | $ 40,329 | 0 | $ 83,945 | ||||||||||||
Outstanding interest payable | $ 0 | $ 0 | $ 0 | |||||||||||||
CAD [Member] | Convertible Loan Payable [Member] | ||||||||||||||||
Extinguishment of Debt [Line Items] | ||||||||||||||||
Conversion price per share | $ / shares | $ 0.49 | |||||||||||||||
Hummingbird Resources PLC [Member] | ||||||||||||||||
Extinguishment of Debt [Line Items] | ||||||||||||||||
Warrants to purchase shares | shares | 116,714 | |||||||||||||||
Warrants term | 2 years | |||||||||||||||
Convertible loan payable | $ 2,000,000 | |||||||||||||||
Debt issuance costs | $ 45,824 | |||||||||||||||
Extended maturity date | Jul. 31, 2020 | Jun. 30, 2020 | ||||||||||||||
Repayment of convertible debt | $ 300,000 | $ 100,000 | ||||||||||||||
Number of shares issued | shares | 696,428 | 2,660,000 | ||||||||||||||
Loss on loan extinguishment | $ 9,407 | |||||||||||||||
Hummingbird Resources PLC [Member] | CAD [Member] | ||||||||||||||||
Extinguishment of Debt [Line Items] | ||||||||||||||||
Warrants exercise price | $ / shares | $ 4.50 | |||||||||||||||
Loan and Warrant Agreement [Member] | Hummingbird Resources PLC [Member] | ||||||||||||||||
Extinguishment of Debt [Line Items] | ||||||||||||||||
Unsecured convertible loans payable | $ 1,500,000 | |||||||||||||||
Loan interest rate | 10.00% | |||||||||||||||
Maturity term | 1 year | |||||||||||||||
Warrants to purchase shares | shares | 229,464 | |||||||||||||||
Number of shares acquired | shares | 229,464 | |||||||||||||||
Warrants term | 2 years | |||||||||||||||
Event of default description | In the event that a notice of conversion would result in the lender holding 10% or more of the Company’s issued and outstanding shares, then, in the alternative, and under certain circumstances, the Company would be required to pay cash to the lender in an amount equal to C$8.50 multiplied by the number of shares intended to be issued upon conversion. Further, in the event that the lender holds more than 5% of the issued and outstanding shares of the Company subsequent to the exercise of any of its convertible securities held under this placement, it shall have the right to appoint one director to the board of the Company. | |||||||||||||||
Loan and Warrant Agreement [Member] | Hummingbird Resources PLC [Member] | CAD [Member] | ||||||||||||||||
Extinguishment of Debt [Line Items] | ||||||||||||||||
Warrants exercise price | $ / shares | $ 8.50 | |||||||||||||||
Amended and Restated Loan Agreement [Member] | Hummingbird Additional Amount [Member] | ||||||||||||||||
Extinguishment of Debt [Line Items] | ||||||||||||||||
Number of shares acquired | shares | 116,714 | |||||||||||||||
Event of default description | In the event that Hummingbird would acquire common shares in excess of 9.999% through the conversion of the Principal Amount or the Additional Amount, including interest accruing thereon, or on exercise of the warrants as disclosed herein, the Company shall pay to Hummingbird a cash amount equal to the common shares exercised in excess of 9.999%, multiplied by the conversion price. | |||||||||||||||
Debt conversion original debt amount | $ 500,000 | |||||||||||||||
Amended and Restated Loan Agreement [Member] | CAD [Member] | Hummingbird Additional Amount [Member] | ||||||||||||||||
Extinguishment of Debt [Line Items] | ||||||||||||||||
Warrants exercise price | $ / shares | 4.50 | |||||||||||||||
Conversion price per share | $ / shares | 4.50 | |||||||||||||||
Amended and Restated Loan Agreement [Member] | Hummingbird Resources PLC [Member] | ||||||||||||||||
Extinguishment of Debt [Line Items] | ||||||||||||||||
Number of shares acquired | shares | 229,464 | |||||||||||||||
Debt conversion original debt amount | $ 1,500,000 | |||||||||||||||
Amended and Restated Loan Agreement [Member] | Hummingbird Resources PLC [Member] | CAD [Member] | ||||||||||||||||
Extinguishment of Debt [Line Items] | ||||||||||||||||
Warrants exercise price | $ / shares | 8.50 | |||||||||||||||
Conversion price per share | $ / shares | $ 8.50 |
Schedule of Fair Value of Deriv
Schedule of Fair Value of Derivative Warrant Liability Assumptions (Details) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2021USD ($)$ / shares | Jun. 30, 2020USD ($) | Jun. 30, 2021USD ($)$ / shares | Jun. 30, 2020USD ($) | Dec. 31, 2020USD ($)$ / shares | |
Extinguishment of Debt [Line Items] | |||||
Change in derivative liability | $ 5,236,792 | $ (19,060,232) | $ 15,712,168 | $ (8,214,828) | |
November 2019 Issuance [Member] | |||||
Extinguishment of Debt [Line Items] | |||||
Share price | $ / shares | $ 0.23 | $ 0.23 | $ 0.41 | ||
Warrant liabilities, fair value | $ 0 | $ 0 | $ 40,999 | ||
Change in derivative liability | $ 40,999 | ||||
November 2019 Issuance [Member] | Measurement Input, Expected Term [Member] | |||||
Extinguishment of Debt [Line Items] | |||||
Warrant liabilities, fair value measurement input, conversion features term | 136 days | 136 days | 317 days | ||
November 2019 Issuance [Member] | Measurement Input, Option Volatility [Member] | |||||
Extinguishment of Debt [Line Items] | |||||
Warrant liabilities, fair value measurement input, conversion features | 100 | 100 | 100 | ||
November 2019 Issuance [Member] | Measurement Input, Risk Free Interest Rate [Member] | |||||
Extinguishment of Debt [Line Items] | |||||
Warrant liabilities, fair value measurement input, conversion features | 0.58 | 0.58 | 0.64 | ||
November 2019 Issuance [Member] | Measurement Input, Expected Dividend Rate [Member] | |||||
Extinguishment of Debt [Line Items] | |||||
Warrant liabilities, fair value measurement input, conversion features | 0 | 0 | 0 | ||
April 2020 Issuance [Member] | |||||
Extinguishment of Debt [Line Items] | |||||
Share price | $ / shares | $ 0.23 | $ 0.23 | $ 0.41 | ||
Warrant liabilities, fair value | $ 8,198 | $ 8,198 | $ 58,373 | ||
Change in derivative liability | $ 50,175 | ||||
April 2020 Issuance [Member] | Measurement Input, Expected Term [Member] | |||||
Extinguishment of Debt [Line Items] | |||||
Warrant liabilities, fair value measurement input, conversion features term | 136 days | 136 days | 317 days | ||
April 2020 Issuance [Member] | Measurement Input, Option Volatility [Member] | |||||
Extinguishment of Debt [Line Items] | |||||
Warrant liabilities, fair value measurement input, conversion features | 100 | 100 | 100 | ||
April 2020 Issuance [Member] | Measurement Input, Risk Free Interest Rate [Member] | |||||
Extinguishment of Debt [Line Items] | |||||
Warrant liabilities, fair value measurement input, conversion features | 0.27 | 0.27 | 0.27 | ||
April 2020 Issuance [Member] | Measurement Input, Expected Dividend Rate [Member] | |||||
Extinguishment of Debt [Line Items] | |||||
Warrant liabilities, fair value measurement input, conversion features | 0 | 0 | 0 |
Promissory notes payable (Detai
Promissory notes payable (Details Narrative) | May 12, 2020USD ($) | Apr. 24, 2020$ / sharesshares | Nov. 13, 2019USD ($)shares | Jun. 30, 2021USD ($)shares | Jun. 30, 2020USD ($) | Jun. 30, 2021USD ($)shares | Dec. 31, 2020USD ($)shares | Jun. 30, 2020USD ($) | Jun. 30, 2019USD ($)shares | Dec. 31, 2020CAD ($) | May 12, 2020CAD ($) | Nov. 13, 2019$ / shares |
Short-term Debt [Line Items] | ||||||||||||
Warrants to purchase shares | shares | 115,771,886 | 115,771,886 | ||||||||||
Repaid promissory note | $ 158,094 | |||||||||||
Accretion expense | $ 143,759 | 252,009 | ||||||||||
Interest expense | 49,929 | 102,545 | ||||||||||
Promissory Note [Member] | ||||||||||||
Short-term Debt [Line Items] | ||||||||||||
Unsecured promissory notes payable | $ 300,000 | |||||||||||
Debt instrument, interest rate | 1.00% | |||||||||||
Maturity term | 90 days | |||||||||||
Warrants to purchase shares | shares | 400,000 | 400,000 | ||||||||||
Number of shares acquired | shares | 1 | |||||||||||
Warrants term | 2 years | |||||||||||
Debt instrument, maturity date | Aug. 1, 2020 | |||||||||||
Warrants and Rights Outstanding, Maturity Date | Nov. 13, 2021 | |||||||||||
Outstanding interest payable | $ 0 | |||||||||||
Promissory Note [Member] | CAD [Member] | ||||||||||||
Short-term Debt [Line Items] | ||||||||||||
Warrants exercise price | $ / shares | $ 0.50 | $ 0.80 | ||||||||||
Promissory notes payable | $ 288,000 | |||||||||||
Promissory Notes Payable [Member] | ||||||||||||
Short-term Debt [Line Items] | ||||||||||||
Repaid promissory note | $ 110,658 | |||||||||||
Promissory notes payable | $ 218,281 | |||||||||||
Outstanding interest payable | 0 | 0 | $ 28,939 | |||||||||
Settlement of promissory note for issuing common stock | shares | 822,857 | |||||||||||
Accretion expense | $ 0 | 48,379 | $ 0 | 118,916 | ||||||||
Debt Instrument effective interest rate percentage | 11.00% | 11.00% | ||||||||||
Interest expense | $ 0 | 9,600 | $ 0 | 18,600 | ||||||||
Promissory Notes Payable [Member] | ||||||||||||
Short-term Debt [Line Items] | ||||||||||||
Debt instrument, interest rate | 7.00% | 7.00% | ||||||||||
Maturity term | 90 years | |||||||||||
Promissory notes payable | $ 362,650 | |||||||||||
Accretion expense | 0 | 41,453 | 0 | 41,453 | ||||||||
Debt issue costs | $ 89,190 | |||||||||||
Promissory Notes Payable [Member] | CAD [Member] | ||||||||||||
Short-term Debt [Line Items] | ||||||||||||
Promissory notes payable | $ 500,000 | |||||||||||
Promissory Notes Payable Two [Member] | ||||||||||||
Short-term Debt [Line Items] | ||||||||||||
Debt instrument, interest rate | 8.00% | 8.00% | ||||||||||
Maturity term | 90 days | |||||||||||
Promissory notes payable | $ 141,704 | |||||||||||
Settlement of promissory note for issuing common stock | shares | 714,285 | |||||||||||
Accretion expense | 0 | 16,547 | 0 | 16,547 | ||||||||
Debt issue costs | $ 35,676 | |||||||||||
Promissory Notes Payable Two [Member] | CAD [Member] | ||||||||||||
Short-term Debt [Line Items] | ||||||||||||
Promissory notes payable | $ 200,000 | |||||||||||
Promissory Notes Payable Three [Member] | ||||||||||||
Short-term Debt [Line Items] | ||||||||||||
Promissory notes payable | 75,000 | 75,000 | ||||||||||
Debt issue costs | 15,000 | 15,000 | ||||||||||
Financing cost | 0 | 15,000 | 0 | 15,000 | ||||||||
Promissory Notes Payable Four [Member] | ||||||||||||
Short-term Debt [Line Items] | ||||||||||||
Promissory notes payable | 75,000 | 75,000 | ||||||||||
Financing cost | $ 0 | $ 15,000 | $ 0 | $ 15,000 |
Schedule of Operating Lease Lia
Schedule of Operating Lease Liability (Details) - USD ($) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2021 | Dec. 31, 2020 | |
Leases [Abstract] | ||
Beginning Balance | $ 176,607 | $ 274,981 |
Addition | ||
Interest expense | 7,827 | 22,156 |
Lease payments | (64,985) | (123,098) |
Foreign exchange loss | 4,485 | 2,568 |
Ending Balance | 123,934 | 176,607 |
Less: current portion | (123,934) | (114,783) |
Long-term lease liability | $ 61,824 |
Schedule of Lease Obligations (
Schedule of Lease Obligations (Details) | 6 Months Ended |
Jun. 30, 2021USD ($) | |
Multiemployer Plan [Line Items] | |
Base rent | $ 149,044 |
Additional rent | 137,555 |
Rent | 286,599 |
Less than 1 Year [Member] | |
Multiemployer Plan [Line Items] | |
Base rent | 149,044 |
Additional rent | 137,555 |
Rent | 286,599 |
1-2 Years [Member] | |
Multiemployer Plan [Line Items] | |
Base rent | |
Additional rent | |
Rent | |
2-3 Years [Member] | |
Multiemployer Plan [Line Items] | |
Base rent | |
Additional rent | |
Rent |
Lease liability (Details Narrat
Lease liability (Details Narrative) | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2021USD ($) | Jun. 30, 2021CAD ($) | Dec. 31, 2020USD ($) | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Lease payments | $ 64,985 | $ 123,098 | |
CAD [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Lease payments | $ 13,504 | ||
Lease additional payments | $ 12,505 |
Schedule of Estimated Using the
Schedule of Estimated Using the Binomial Model to Determine the Fair Value of Warrant Liabilities (Details) | Feb. 16, 2021USD ($)$ / shares | Feb. 09, 2021USD ($)$ / shares | Jun. 30, 2021USD ($)$ / shares | Mar. 30, 2021USD ($) | Jun. 30, 2020USD ($) | Jun. 30, 2021USD ($)$ / shares | Jun. 30, 2020USD ($) | Dec. 31, 2020USD ($)$ / shares | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Warrant liabilities, fair value | $ (15,712,168) | $ 8,214,828 | |||||||
Change in derivative liability | $ 5,236,792 | $ (19,060,232) | $ 15,712,168 | $ (8,214,828) | |||||
Warrant Liabilities [Member] | February 2021 Issuance [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Share price | $ / shares | $ 0.29 | $ 0.27 | $ 0.23 | $ 0.23 | |||||
Warrant liabilities, fair value | $ 3,813,103 | $ 3,813,103 | $ 2,745,677 | ||||||
Change in derivative liability | $ 1,067,426 | ||||||||
Warrant Liabilities [Member] | February 2021 Issuance [Member] | Measurement Input, Expected Term [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Warrant liabilities, fair value measurement input, conversion features term | 1826 days | 1826 days | 1685 days | 1685 days | |||||
Warrant Liabilities [Member] | February 2021 Issuance [Member] | Measurement Input, Option Volatility [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Warrant liabilities, fair value measurement input, conversion features | 100 | 100 | 100 | 100 | |||||
Warrant Liabilities [Member] | February 2021 Issuance [Member] | Measurement Input, Risk Free Interest Rate [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Warrant liabilities, fair value measurement input, conversion features | 0.49 | 0.49 | 0.89 | 0.89 | |||||
Warrant Liabilities [Member] | February 2021 Issuance [Member] | Measurement Input, Expected Dividend Rate [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Warrant liabilities, fair value measurement input, conversion features | 0 | 0 | 0 | 0 | |||||
Warrant Liabilities [Member] | August 2018 Issuance [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Share price | $ / shares | $ 0.23 | $ 0.23 | $ 0.41 | ||||||
Warrant liabilities, fair value | $ 0 | $ 0 | |||||||
Change in derivative liability | $ 0 | ||||||||
Warrant Liabilities [Member] | August 2018 Issuance [Member] | Measurement Input, Expected Term [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Warrant liabilities, fair value measurement input, conversion features term | 40 days | 40 days | 221 days | ||||||
Warrant Liabilities [Member] | August 2018 Issuance [Member] | Measurement Input, Option Volatility [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Warrant liabilities, fair value measurement input, conversion features | 100 | 100 | 100 | ||||||
Warrant Liabilities [Member] | August 2018 Issuance [Member] | Measurement Input, Risk Free Interest Rate [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Warrant liabilities, fair value measurement input, conversion features | 1.09 | 1.09 | 1.23 | ||||||
Warrant Liabilities [Member] | August 2018 Issuance [Member] | Measurement Input, Expected Dividend Rate [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Warrant liabilities, fair value measurement input, conversion features | 0 | 0 | 0 | ||||||
Warrant Liabilities [Member] | November 2018 Issuance [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Share price | $ / shares | $ 0.23 | $ 0.23 | $ 0.41 | ||||||
Warrant liabilities, fair value | $ 0 | $ 52,540 | |||||||
Change in derivative liability | $ 52,540 | ||||||||
Warrant Liabilities [Member] | November 2018 Issuance [Member] | Measurement Input, Expected Term [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Warrant liabilities, fair value measurement input, conversion features term | 151 days | 151 days | 332 days | ||||||
Warrant Liabilities [Member] | November 2018 Issuance [Member] | Measurement Input, Option Volatility [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Warrant liabilities, fair value measurement input, conversion features | 100 | 100 | 100 | ||||||
Warrant Liabilities [Member] | November 2018 Issuance [Member] | Measurement Input, Risk Free Interest Rate [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Warrant liabilities, fair value measurement input, conversion features | 0.96 | 0.96 | 1.09 | ||||||
Warrant Liabilities [Member] | November 2018 Issuance [Member] | Measurement Input, Expected Dividend Rate [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Warrant liabilities, fair value measurement input, conversion features | 0 | 0 | 0 | ||||||
Warrant Liabilities [Member] | June 2019 Issuance [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Share price | $ / shares | [1] | $ 0.23 | $ 0.23 | $ 0.41 | |||||
Warrant liabilities, fair value | [1] | $ 1,588,033 | $ 3,438,839 | ||||||
Change in derivative liability | [1] | $ 1,850,806 | |||||||
Warrant Liabilities [Member] | June 2019 Issuance [Member] | Measurement Input, Expected Term [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Warrant liabilities, fair value measurement input, conversion features term | [1] | 1645 days | 1645 days | 1826 days | |||||
Warrant Liabilities [Member] | June 2019 Issuance [Member] | Measurement Input, Option Volatility [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Warrant liabilities, fair value measurement input, conversion features | [1] | 100 | 100 | 100 | |||||
Warrant Liabilities [Member] | June 2019 Issuance [Member] | Measurement Input, Risk Free Interest Rate [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Warrant liabilities, fair value measurement input, conversion features | [1] | 0.86 | 0.86 | 0.85 | |||||
Warrant Liabilities [Member] | June 2019 Issuance [Member] | Measurement Input, Expected Dividend Rate [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Warrant liabilities, fair value measurement input, conversion features | [1] | 0 | 0 | 0 | |||||
Warrant Liabilities [Member] | August 2019 Issuance [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Share price | $ / shares | [2] | $ 0.23 | $ 0.23 | $ 0.41 | |||||
Warrant liabilities, fair value | [2] | $ 2,554,772 | $ 5,922,270 | ||||||
Change in derivative liability | [2] | $ 3,367,498 | |||||||
Warrant Liabilities [Member] | August 2019 Issuance [Member] | Measurement Input, Expected Term [Member] | Minimum [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Warrant liabilities, fair value measurement input, conversion features term | [2] | 32 days | 32 days | 213 days | |||||
Warrant Liabilities [Member] | August 2019 Issuance [Member] | Measurement Input, Expected Term [Member] | Maximum [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Warrant liabilities, fair value measurement input, conversion features term | [2] | 1645 days | 1645 days | 1826 days | |||||
Warrant Liabilities [Member] | August 2019 Issuance [Member] | Measurement Input, Option Volatility [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Warrant liabilities, fair value measurement input, conversion features | [2] | 100 | 100 | 100 | |||||
Warrant Liabilities [Member] | August 2019 Issuance [Member] | Measurement Input, Risk Free Interest Rate [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Warrant liabilities, fair value measurement input, conversion features | [2] | 0.67 | 0.67 | 0.81 | |||||
Warrant Liabilities [Member] | August 2019 Issuance [Member] | Measurement Input, Expected Dividend Rate [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Warrant liabilities, fair value measurement input, conversion features | [2] | 0 | 0 | 0 | |||||
Warrant Liabilities [Member] | August 2020 Issuance [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Share price | $ / shares | $ 0.23 | $ 0.23 | $ 0.41 | ||||||
Warrant liabilities, fair value | $ 5,210,492 | $ 14,493,215 | |||||||
Change in derivative liability | $ 9,282,723 | ||||||||
Warrant Liabilities [Member] | August 2020 Issuance [Member] | Measurement Input, Expected Term [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Warrant liabilities, fair value measurement input, conversion features term | 792 days | 792 days | 973 days | ||||||
Warrant Liabilities [Member] | August 2020 Issuance [Member] | Measurement Input, Option Volatility [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Warrant liabilities, fair value measurement input, conversion features | 100 | 100 | 100 | ||||||
Warrant Liabilities [Member] | August 2020 Issuance [Member] | Measurement Input, Risk Free Interest Rate [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Warrant liabilities, fair value measurement input, conversion features | 0.36 | 0.36 | 1.31 | ||||||
Warrant Liabilities [Member] | August 2020 Issuance [Member] | Measurement Input, Expected Dividend Rate [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Warrant liabilities, fair value measurement input, conversion features | 0 | 0 | 0 | ||||||
[1] | In December 2020, the Company amended the exercise price to C$ 0.59 | ||||||||
[2] | In December 2020, the Company amended the exercise price to C$ 0.59 December 31, 2025 17,920,000 2,752,900 |
Capital Stock, Warrants and S_3
Capital Stock, Warrants and Stock Options - Schedule of Estimated Using the Binomial Model to Determine the Fair Value of Warrant Liabilities (Details) (Parenthetical) - $ / shares | Jun. 30, 2021 | Dec. 31, 2020 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Number of warrants issued | 115,771,886 | |
Number of warrants outstanding | 115,771,886 | |
Warrant Liabilities [Member] | June 2019 Issuance [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Warrants maturity date | Dec. 31, 2025 | |
Number of warrants issued | 11,660,000 | |
Warrant Liabilities [Member] | June 2019 Issuance [Member] | CAD [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Warrant exercise price | $ 0.59 | |
Warrant Liabilities [Member] | August 2019 Issuance [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Warrants maturity date | Dec. 31, 2025 | |
Number of warrants issued | 17,920,000 | |
Number of warrants outstanding | 2,752,900 | |
Warrant Liabilities [Member] | August 2019 Issuance [Member] | CAD [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Warrant exercise price | $ 0.59 |
Schedule of Warrant Activity (D
Schedule of Warrant Activity (Details) - Warrant [Member] | 6 Months Ended | ||||
Jun. 30, 2021$ / sharesshares | Jun. 30, 2021$ / sharesshares | Jun. 30, 2020$ / sharesshares | Jun. 30, 2020$ / sharesshares | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Number of warrants, beginning balance | shares | 95,777,806 | 95,777,806 | 36,452,284 | 36,452,284 | |
Weighted average grant date, beginning balance | shares | 0.16 | 0.16 | 0.16 | 0.16 | |
Number of warrants, Issued | shares | 19,994,080 | 19,994,080 | 3,954,484 | 3,954,484 | |
Weighted average grant date, Issued | $ 0.19 | $ 0.07 | |||
Number of warrants, Expired | shares | (229,464) | (229,464) | |||
Weighted average grant date, Expired | $ 3.54 | ||||
Number of warrants, Excercised | shares | [1] | (2,332,900) | (2,332,900) | ||
Weighted average exercise price, exercised | $ 0.25 | ||||
Weighted average grant date, Exercised | [1] | $ 0.02 | |||
Number of warrants, ending balance | shares | 115,771,886 | 115,771,886 | 37,844,404 | 37,844,404 | |
Weighted average grant date, ending balance | shares | 0.08 | 0.08 | 0.14 | 0.14 | |
CAD [Member] | |||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Weighted average exercise price, beginning balance | $ 0.54 | $ 0.48 | |||
Weighted average exercise price, Issued | 0.60 | 0.28 | |||
Weighted average exercise price, expired | 8.50 | ||||
Weighted average exercise price, exercised | [1] | 0.25 | |||
Weighted average exercise price, ending balance | $ 0.55 | $ 0.43 | |||
[1] | During the six months ended June 30, 2020, 2,332,900 0.25 583,225 417,006 871,710 |
Capital Stock, Warrants and S_4
Capital Stock, Warrants and Stock Options - Schedule of Warrant Activity (Details) (Parenthetical) - Warrant [Member] | 6 Months Ended | |||
Jun. 30, 2020USD ($)$ / sharesshares | Jun. 30, 2020CAD ($)shares | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Number of warrants, Exercised | shares | 2,332,900 | [1] | 2,332,900 | [1] |
Weighted average exercise price, exercised | $ / shares | $ 0.25 | |||
Proceeds from issuance of warrants | $ 417,006 | $ 583,225 | ||
Derivative liabilities | $ | $ 871,710 | |||
[1] | During the six months ended June 30, 2020, 2,332,900 0.25 583,225 417,006 871,710 |
Schedule of Warrants Outstandin
Schedule of Warrants Outstanding Exercise Price (Details) - Jun. 30, 2021 | $ / sharesshares | $ / sharesshares |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Number of warrants | 115,771,886 | 115,771,886 |
Number of warrants exercisable | 115,771,886 | 115,771,886 |
Warrants One [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Expiry date | Aug. 1, 2021 | Aug. 1, 2021 |
Number of warrants | 2,752,900 | 2,752,900 |
Number of warrants exercisable | 2,752,900 | 2,752,900 |
Warrants One [Member] | CAD [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Exercise price | $ / shares | $ 0.25 | |
Warrants Two [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Expiry date | Aug. 9, 2021 | Aug. 9, 2021 |
Number of warrants | 160,408 | 160,408 |
Number of warrants exercisable | 160,408 | 160,408 |
Warrants Two [Member] | CAD [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Exercise price | $ / shares | $ 4.50 | |
Warrants Three [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Expiry date | Nov. 28, 2021 | Nov. 28, 2021 |
Number of warrants | 645,866 | 645,866 |
Number of warrants exercisable | 645,866 | 645,866 |
Warrants Three [Member] | CAD [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Exercise price | $ / shares | $ 1 | |
Warrants Four [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Expiry date | Nov. 13, 2021 | Nov. 13, 2021 |
Number of warrants | 400,000 | 400,000 |
Number of warrants exercisable | 400,000 | 400,000 |
Warrants Four [Member] | CAD [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Exercise price | $ / shares | $ 0.80 | |
Warrants Five [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Expiry date | Nov. 13, 2021 | Nov. 13, 2021 |
Number of warrants | 400,000 | 400,000 |
Number of warrants exercisable | 400,000 | 400,000 |
Warrants Five [Member] | CAD [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Exercise price | $ / shares | $ 0.50 | |
Warrants Six [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Expiry date | Feb. 26, 2022 | Feb. 26, 2022 |
Number of warrants | 239,284 | 239,284 |
Number of warrants exercisable | 239,284 | 239,284 |
Warrants Six [Member] | CAD [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Exercise price | $ / shares | $ 0.70 | |
Warrants Seven [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Expiry date | Aug. 31, 2023 | Aug. 31, 2023 |
Number of warrants | 58,284,148 | 58,284,148 |
Number of warrants exercisable | 58,284,148 | 58,284,148 |
Warrants Seven [Member] | CAD [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Exercise price | $ / shares | $ 0.50 | |
Warrants Eight [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Expiry date | Dec. 31, 2025 | Dec. 31, 2025 |
Number of warrants | 32,895,200 | 32,895,200 |
Number of warrants exercisable | 32,895,200 | 32,895,200 |
Warrants Eight [Member] | CAD [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Exercise price | $ / shares | $ 0.59 | |
Warrants Nine [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Expiry date | Feb. 9, 2026 | Feb. 9, 2026 |
Number of warrants | 17,112,500 | 17,112,500 |
Number of warrants exercisable | 17,112,500 | 17,112,500 |
Warrants Nine [Member] | CAD [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Exercise price | $ / shares | $ 0.60 | |
Warrants Ten [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Expiry date | Feb. 16, 2026 | Feb. 16, 2026 |
Number of warrants | 2,881,580 | 2,881,580 |
Number of warrants exercisable | 2,881,580 | 2,881,580 |
Warrants Ten [Member] | CAD [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Exercise price | $ / shares | $ 0.60 |
Schedule of Broker Options (Det
Schedule of Broker Options (Details) - $ / shares | 6 Months Ended | |||
Jun. 30, 2021 | Jun. 30, 2020 | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Number of stock options, Ending balance | 9,053,136 | 7,580,159 | ||
Number of stock options, Beginning balance | 8,015,159 | 1,692,500 | ||
Issued - August 2020 Compensation Options | 1,037,977 | [1] | 5,957,659 | [2],[3] |
Broker Options [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Number of stock options, Ending balance | 3,590,907 | |||
Weighted Average exercise price ending balance | $ 0.35 | |||
Number of stock options, Beginning balance | 3,239,907 | |||
Weighted Average exercise price beginning balance | $ 0.35 | |||
Issued - August 2020 Compensation Options | 351,000 | |||
Weighted Average exercise price Issued - August 2020 Compensation Options | $ 0.40 | |||
[1] | On February 19, 2021, 1,037,977 273,271 764,706 5 0.335 204,213 43,463 116,809 nil nil | |||
[2] | On April 20, 2020, 5,957,659 0.55 5 1,536,764 124,802 322,144 155,681 155,681 | |||
[3] | On October 24, 2019, 1,575,000 5 0.60 435,069 13,946 37,759 55,550 141,441 |
Capital Stock Warrants and Stoc
Capital Stock Warrants and Stock Options - Schedule of Broker Options (Details) (Parenthetical) | Jun. 30, 2021shares | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Number of warrants exercisable | 115,771,886 | |
February 16, 2024 [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Number of warrants exercisable | 68,078 | [1] |
[1] | Exercisable into one February 2021 Unit |
Schedule of Estimated Using Bla
Schedule of Estimated Using Black-Scholes Valuation Model for Fair Value of Broker Options (Details) | 6 Months Ended |
Jun. 30, 2021$ / shares | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Risk free interest rate | 26.00% |
Dividend yield | 0.00% |
Volatility | 100.00% |
Weighted average life | 3 years |
CAD [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Stock price | $ 0.35 |
Schedule of Warrants Outstand_2
Schedule of Warrants Outstanding Broker Option Exercise Prices (Details) - Jun. 30, 2021 | $ / sharesshares | $ / sharesshares | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Number of warrants exercisable | 115,771,886 | 115,771,886 | |
Broker Options [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Number of broker options | 3,590,907 | 3,590,907 | |
Number of warrants exercisable | 590,071 | 590,071 | |
August 31, 2023 [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Expiry date | [1] | Aug. 31, 2023 | Aug. 31, 2023 |
Number of broker options | [1] | 3,239,907 | 3,239,907 |
Number of warrants exercisable | [1] | 521,993 | 521,993 |
August 31, 2023 [Member] | CAD [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Exercise price | $ / shares | [1] | $ 0.35 | |
February 16, 2024 [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Expiry date | [2] | Feb. 16, 2024 | Feb. 16, 2024 |
Number of broker options | [2] | 351,000 | 351,000 |
Number of warrants exercisable | [2] | 68,078 | 68,078 |
February 16, 2024 [Member] | CAD [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Exercise price | $ / shares | [2] | $ 0.40 | |
[1] | Exercisable into one August 2020 Unit | ||
[2] | Exercisable into one February 2021 Unit |
Schedule of Stock Options (Deta
Schedule of Stock Options (Details) - $ / shares | 6 Months Ended | |||
Jun. 30, 2021 | Jun. 30, 2020 | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Number of stock options, Ending balance | 9,053,136 | 7,580,159 | ||
Number of stock options, Granted | 1,037,977 | [1] | 5,957,659 | [2],[3] |
Number of stock options, Forfeited | (70,000) | |||
Number of stock options, Beginning balance | 8,015,159 | 1,692,500 | ||
Number of stock options, Ending balance | 9,053,136 | 7,580,159 | ||
CAD [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Weighted Average exercise price beginning balance | $ 0.62 | $ 1.27 | ||
Weighted average exercise price, Granted | 0.34 | [1] | 0.55 | [2],[3] |
Weighted average exercise price, Forfeited | 10.38 | |||
Weighted Average exercise price ending balance | $ 0.58 | $ 0.62 | ||
[1] | On February 19, 2021, 1,037,977 273,271 764,706 5 0.335 204,213 43,463 116,809 nil nil | |||
[2] | On April 20, 2020, 5,957,659 0.55 5 1,536,764 124,802 322,144 155,681 155,681 | |||
[3] | On October 24, 2019, 1,575,000 5 0.60 435,069 13,946 37,759 55,550 141,441 |
Schedule of Stock Options (De_2
Schedule of Stock Options (Details) (Parenthetical) | Feb. 19, 2021$ / sharesshares | Sep. 30, 2020USD ($)shares | Sep. 30, 2020$ / shares | Apr. 20, 2020USD ($)$ / sharesshares | Oct. 24, 2019USD ($)$ / sharesshares | Feb. 19, 2019USD ($) | Jun. 30, 2021USD ($) | Jun. 30, 2020USD ($) | Jun. 30, 2021USD ($)$ / shares | Dec. 31, 2020 | Jun. 30, 2020USD ($)$ / shares | Jun. 30, 2020 | ||
CAD [Member] | ||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||
Weighted average exercise price, Granted | $ / shares | $ 0.34 | [1] | $ 0.55 | [2],[3] | ||||||||||
Directors and Officers [Member] | ||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||
Number of vested stock option shares | shares | 1,575,000 | |||||||||||||
Stock option expiration term | 5 years | |||||||||||||
Fair value of stock option vested | $ 435,069 | |||||||||||||
Stock based compensation expense | $ 13,946 | $ 55,550 | $ 37,759 | $ 141,441 | ||||||||||
Directors and Officers [Member] | CAD [Member] | ||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||
Weighted average exercise price, Granted | $ / shares | $ 0.60 | |||||||||||||
Directors [Member] | ||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||
Number of vested stock option shares | shares | 5,957,659 | |||||||||||||
Stock option expiration term | 5 years | |||||||||||||
Fair value of stock option vested | $ 1,536,764 | |||||||||||||
Stock based compensation expense | 124,802 | 155,681 | 322,144 | 155,681 | ||||||||||
Directors [Member] | CAD [Member] | ||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||
Weighted average exercise price, Granted | $ / shares | $ 0.55 | |||||||||||||
Consultant [Member] | ||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||
Number of vested stock option shares | shares | 200,000 | |||||||||||||
Stock option expiration term | 3 years | |||||||||||||
Fair value of stock option vested | $ 52,909 | |||||||||||||
Stock based compensation expense | 6,596 | 26,056 | ||||||||||||
Vesting percentage | 50.00% | 50.00% | ||||||||||||
Consultant [Member] | CAD [Member] | ||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||
Weighted average exercise price, Granted | $ / shares | $ 0.60 | |||||||||||||
Officer [Member] | ||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||
Number of vested stock option shares | shares | 1,037,977 | |||||||||||||
Stock option expiration term | 5 years | |||||||||||||
Stock based compensation expense | $ 43,463 | $ 116,809 | ||||||||||||
Officer [Member] | December 31, 2021 [Member] | ||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||
Number of vested stock option shares | shares | 764,706 | |||||||||||||
Officer [Member] | Vest Immediately [Member] | ||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||
Number of vested stock option shares | shares | 273,271 | |||||||||||||
Fair value of stock option vested | $ 204,213 | |||||||||||||
Officer [Member] | CAD [Member] | ||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||
Weighted average exercise price, Granted | $ / shares | $ 0.335 | |||||||||||||
[1] | On February 19, 2021, 1,037,977 273,271 764,706 5 0.335 204,213 43,463 116,809 nil nil | |||||||||||||
[2] | On April 20, 2020, 5,957,659 0.55 5 1,536,764 124,802 322,144 155,681 155,681 | |||||||||||||
[3] | On October 24, 2019, 1,575,000 5 0.60 435,069 13,946 37,759 55,550 141,441 |
Schedule of Estimated Using B_2
Schedule of Estimated Using Black-Scholes Valuation Model for Fair value of Stock Options (Details) | 6 Months Ended |
Jun. 30, 2021$ / shares | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Risk free interest rate | 26.00% |
Dividend yield | 0.00% |
Volatility | 100.00% |
Weighted average life | 3 years |
CAD [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Stock price | $ 0.35 |
Range One [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Risk free interest rate | 1.54% |
Dividend yield | 0.00% |
Volatility | 100.00% |
Weighted average life | 5 years |
Range One [Member] | CAD [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Stock price | $ 0.50 |
Range Two [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Risk free interest rate | 0.44% |
Dividend yield | 0.00% |
Volatility | 100.00% |
Weighted average life | 5 years |
Range Two [Member] | CAD [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Stock price | $ 0.50 |
Range Three [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Risk free interest rate | 0.25% |
Dividend yield | 0.00% |
Volatility | 100.00% |
Weighted average life | 3 years |
Range Three [Member] | CAD [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Stock price | $ 0.58 |
Range Four [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Risk free interest rate | 0.64% |
Dividend yield | 0.00% |
Volatility | 100.00% |
Weighted average life | 5 years |
Range Four [Member] | CAD [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Stock price | $ 0.34 |
Schedule of Stock Option Issued
Schedule of Stock Option Issued and Outstanding (Details) | 6 Months Ended | |||
Jun. 30, 2021USD ($)$ / sharesshares | Dec. 31, 2020shares | Jun. 30, 2020shares | Dec. 31, 2019shares | |
Subsidiary, Sale of Stock [Line Items] | ||||
Number of stock options outstanding | 9,053,136 | 8,015,159 | 7,580,159 | 1,692,500 |
Number of options vested (exercisable) | 3,420,186 | |||
Grant date fair value | $ | $ 2,533,245 | |||
Stock Options One [Member] | ||||
Subsidiary, Sale of Stock [Line Items] | ||||
Weighted average remaining contractual life (years) | 10 months 2 days | |||
Number of stock options outstanding | 47,500 | |||
Number of options vested (exercisable) | 47,500 | |||
Grant date fair value | $ | $ 258,013 | |||
Stock Options One [Member] | CAD [Member] | ||||
Subsidiary, Sale of Stock [Line Items] | ||||
Exercise price | $ / shares | $ 10 | |||
Stock Options Two [Member] | ||||
Subsidiary, Sale of Stock [Line Items] | ||||
Weighted average remaining contractual life (years) | 1 year 6 months | |||
Number of stock options outstanding | 235,000 | |||
Number of options vested (exercisable) | 235,000 | |||
Grant date fair value | $ | $ 46,277 | |||
Stock Options Two [Member] | CAD [Member] | ||||
Subsidiary, Sale of Stock [Line Items] | ||||
Exercise price | $ / shares | $ 0.50 | |||
Stock Options Three [Member] | ||||
Subsidiary, Sale of Stock [Line Items] | ||||
Weighted average remaining contractual life (years) | 2 years 3 months | |||
Number of stock options outstanding | 200,000 | |||
Number of options vested (exercisable) | 100,000 | |||
Grant date fair value | $ | $ 52,909 | |||
Stock Options Three [Member] | CAD [Member] | ||||
Subsidiary, Sale of Stock [Line Items] | ||||
Exercise price | $ / shares | $ 0.60 | |||
Stock Options Four [Member] | ||||
Subsidiary, Sale of Stock [Line Items] | ||||
Weighted average remaining contractual life (years) | 3 years 3 months 25 days | |||
Number of stock options outstanding | 1,575,000 | |||
Number of options vested (exercisable) | 1,275,000 | |||
Grant date fair value | $ | $ 435,069 | |||
Stock Options Four [Member] | CAD [Member] | ||||
Subsidiary, Sale of Stock [Line Items] | ||||
Exercise price | $ / shares | $ 0.60 | |||
Stock Options Five [Member] | ||||
Subsidiary, Sale of Stock [Line Items] | ||||
Weighted average remaining contractual life (years) | 3 years 9 months 21 days | |||
Number of stock options outstanding | 5,957,659 | |||
Number of options vested (exercisable) | 1,489,415 | |||
Grant date fair value | $ | $ 1,536,764 | |||
Stock Options Five [Member] | CAD [Member] | ||||
Subsidiary, Sale of Stock [Line Items] | ||||
Exercise price | $ / shares | $ 0.55 | |||
Stock Options Six [Member] | ||||
Subsidiary, Sale of Stock [Line Items] | ||||
Weighted average remaining contractual life (years) | 4 years 7 months 20 days | |||
Number of stock options outstanding | 1,037,977 | |||
Number of options vested (exercisable) | 273,271 | |||
Grant date fair value | $ | $ 204,213 | |||
Stock Options Six [Member] | CAD [Member] | ||||
Subsidiary, Sale of Stock [Line Items] | ||||
Exercise price | $ / shares | $ 0.335 |
Capital stock, warrants and s_5
Capital stock, warrants and stock options (Details Narrative) | Oct. 09, 2020USD ($)shares | Aug. 31, 2020USD ($)$ / shares | Aug. 25, 2020USD ($)shares | Aug. 25, 2020CAD ($)shares | Aug. 14, 2020USD ($)$ / sharesshares | Aug. 14, 2020CAD ($)shares | Aug. 14, 2020USD ($)$ / sharesshares | May 12, 2020USD ($)shares | May 12, 2020CAD ($)$ / sharesshares | Feb. 26, 2020USD ($)shares | Feb. 26, 2020CAD ($)shares | Feb. 28, 2021USD ($)$ / sharesshares | Feb. 28, 2021CAD ($)shares | Jun. 30, 2021USD ($)$ / sharesshares | Jun. 30, 2020USD ($) | Jun. 30, 2021USD ($)$ / sharesshares | Jun. 30, 2021CAD ($)shares | Jun. 30, 2020USD ($) | Jun. 30, 2021$ / shares | Feb. 28, 2021$ / shares | Dec. 31, 2020USD ($)$ / sharesshares | Oct. 09, 2020$ / shares | Aug. 25, 2020$ / shares | Aug. 14, 2020CAD ($)$ / shares | Feb. 26, 2020$ / shares |
Subsidiary, Sale of Stock [Line Items] | |||||||||||||||||||||||||
Common stock, shares authorized | shares | 750,000,000 | 750,000,000 | 750,000,000 | ||||||||||||||||||||||
Common stock, par value | $ / shares | $ 0.000001 | $ 0.000001 | $ 0.000001 | ||||||||||||||||||||||
Preferred stock, shares authorized | shares | 10,000,000 | 10,000,000 | 10,000,000 | ||||||||||||||||||||||
Preferred stock, par value | $ / shares | $ 0.000001 | $ 0.000001 | $ 0.000001 | ||||||||||||||||||||||
Number of shares issued | shares | 5,572,980 | ||||||||||||||||||||||||
Shares issued price per share | $ / shares | $ 0.49 | ||||||||||||||||||||||||
Proceeds from issuance of private placement | $ 125,180 | ||||||||||||||||||||||||
Financing costs | $ 30,000 | $ 30,000 | |||||||||||||||||||||||
Accounts payable | 2,958,101 | 2,958,101 | $ 2,392,761 | ||||||||||||||||||||||
Accrued liabilities | 11,639,638 | 11,639,638 | $ 10,560,884 | ||||||||||||||||||||||
Interest payable | $ 500,000 | ||||||||||||||||||||||||
Loss on loan extinguishment | 23,376 | $ (56,146) | |||||||||||||||||||||||
Convertible notes payable | $ 1,600,000 | ||||||||||||||||||||||||
June 2019 Unit [Member] | |||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | |||||||||||||||||||||||||
Number of shares issued | shares | 1,403,200 | 1,403,200 | |||||||||||||||||||||||
August 2019 Unit [Member] | |||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | |||||||||||||||||||||||||
Number of shares issued | shares | 1,912,000 | 1,912,000 | |||||||||||||||||||||||
CAD [Member] | |||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | |||||||||||||||||||||||||
Shares issued price per share | $ / shares | $ 0.05 | ||||||||||||||||||||||||
Proceeds from issuance of private placement | $ 165,760 | ||||||||||||||||||||||||
Non-Brokered Private Placement [Member] | |||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | |||||||||||||||||||||||||
Number of shares issued | shares | 107,143 | 107,143 | 2,991,073 | 2,991,073 | |||||||||||||||||||||
Proceeds from issuance of private placement | $ 44,671 | $ 1,256,854 | |||||||||||||||||||||||
Financing costs | $ 95,763 | ||||||||||||||||||||||||
Issuance of shares, description | Each broker warrant entitles the holder to acquire one common share at a price of C$0.70 per common share for a period of two years. The Company also issued 696,428 common shares for $300,000 which was applied to reduce the principal amount owing under the convertible loan facility (see note 6). | Each broker warrant entitles the holder to acquire one common share at a price of C$0.70 per common share for a period of two years. The Company also issued 696,428 common shares for $300,000 which was applied to reduce the principal amount owing under the convertible loan facility (see note 6). | |||||||||||||||||||||||
Number of common shares held | shares | 696,428 | 696,428 | |||||||||||||||||||||||
Principal amount of convertible loan facility | $ 300,000 | ||||||||||||||||||||||||
Non-Brokered Private Placement [Member] | February 2021 Offering [Member] | |||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | |||||||||||||||||||||||||
Number of shares issued | shares | 19,576,360 | 19,576,360 | |||||||||||||||||||||||
Proceeds from issuance of private placement | $ 6,168,069 | ||||||||||||||||||||||||
Non-Brokered Private Placement [Member] | One Common Stock [Member] | |||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | |||||||||||||||||||||||||
Warrant term | 2 years | ||||||||||||||||||||||||
Non-Brokered Private Placement [Member] | February 2021 Compensation Options [Member] | |||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | |||||||||||||||||||||||||
Compensation options, shares | shares | 351,000 | 351,000 | |||||||||||||||||||||||
Equity issuance cost | $ 159,397 | ||||||||||||||||||||||||
Non-Brokered Private Placement [Member] | CAD [Member] | |||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | |||||||||||||||||||||||||
Shares issued price per share | $ / shares | $ 0.56 | $ 0.56 | |||||||||||||||||||||||
Proceeds from issuance of private placement | $ 60,000 | $ 1,675,000 | |||||||||||||||||||||||
Non-Brokered Private Placement [Member] | CAD [Member] | February 2021 Offering [Member] | |||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | |||||||||||||||||||||||||
Shares issued price per share | $ / shares | $ 0.40 | ||||||||||||||||||||||||
Proceeds from issuance of private placement | $ 7,830,544 | ||||||||||||||||||||||||
Non-Brokered Private Placement [Member] | CAD [Member] | One Common Stock [Member] | |||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | |||||||||||||||||||||||||
Shares issued price per share | $ / shares | $ 0.70 | ||||||||||||||||||||||||
Non-Brokered Private Placement [Member] | CAD [Member] | February 2021 Warrant [Member] | |||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | |||||||||||||||||||||||||
Warrant term | 5 years | ||||||||||||||||||||||||
Warrant exercise price | $ / shares | 0.60 | ||||||||||||||||||||||||
Non-Brokered Private Placement [Member] | CAD [Member] | February 2021 Compensation Options [Member] | |||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | |||||||||||||||||||||||||
Shares issued price per share | $ / shares | $ 0.40 | ||||||||||||||||||||||||
Non-Brokered Private Placement [Member] | Broker Warrants [Member] | |||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | |||||||||||||||||||||||||
Financing costs | $ 239,284 | ||||||||||||||||||||||||
Non-Brokered Private Placement [Member] | February 2021 [Member] | |||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | |||||||||||||||||||||||||
Number of shares issued | shares | 417,720 | 417,720 | |||||||||||||||||||||||
Accrued liabilities | $ 132,000 | ||||||||||||||||||||||||
Deemed price | $ / shares | $ 0.45 | ||||||||||||||||||||||||
Loss on loan extinguishment | $ 56,146 | ||||||||||||||||||||||||
Brokered Private Placement [Member] | Share-based Payment Arrangement, Tranche One [Member] | |||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | |||||||||||||||||||||||||
Common stock, par value | $ / shares | $ 0.50 | ||||||||||||||||||||||||
Number of shares issued | shares | 35,212,142 | 35,212,142 | |||||||||||||||||||||||
Shares issued price per share | $ / shares | $ 0.35 | ||||||||||||||||||||||||
Proceeds from issuance of private placement | $ 9,301,321 | ||||||||||||||||||||||||
Financing costs | $ 709,488 | $ 709,488 | |||||||||||||||||||||||
Accounts payable | $ 177,353 | ||||||||||||||||||||||||
Accrued liabilities | 55,676 | ||||||||||||||||||||||||
Interest payable | 28,300 | ||||||||||||||||||||||||
Promissory notes payable | $ 344,185 | ||||||||||||||||||||||||
Deemed price | $ / shares | $ 0.67 | ||||||||||||||||||||||||
Brokered Private Placement [Member] | Share-based Payment Arrangement, Tranche Two [Member] | |||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | |||||||||||||||||||||||||
Number of shares issued | shares | 20,866,292 | 20,866,292 | |||||||||||||||||||||||
Shares issued price per share | $ / shares | $ 0.35 | ||||||||||||||||||||||||
Proceeds from issuance of private placement | $ 2,205,714 | $ 5,510,736 | |||||||||||||||||||||||
Financing costs | $ 237,668 | ||||||||||||||||||||||||
Compensation options, shares | shares | 1,127,178 | 1,127,178 | |||||||||||||||||||||||
Loss on private placement | $ 940,290 | ||||||||||||||||||||||||
Equity issuance cost | 947,156 | ||||||||||||||||||||||||
Loss on loan extinguishment | $ 899,237 | ||||||||||||||||||||||||
Brokered Private Placement [Member] | CAD [Member] | Share-based Payment Arrangement, Tranche One [Member] | |||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | |||||||||||||||||||||||||
Proceeds from issuance of private placement | $ 12,324,250 | ||||||||||||||||||||||||
Financing costs | $ 849,978 | ||||||||||||||||||||||||
Brokered Private Placement [Member] | CAD [Member] | Share-based Payment Arrangement, Tranche Two [Member] | |||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | |||||||||||||||||||||||||
Proceeds from issuance of private placement | $ 7,303,202 | ||||||||||||||||||||||||
Financing costs | $ 314,512 | ||||||||||||||||||||||||
Brokered Private Placement [Member] | Compensation Options [Member] | Share-based Payment Arrangement, Tranche One [Member] | |||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | |||||||||||||||||||||||||
Shares issued price per share | $ / shares | $ 0.35 | $ 0.35 | |||||||||||||||||||||||
Compensation options, shares | shares | 2,112,729 |
Schedule of Restricted Share Un
Schedule of Restricted Share Units (Details) - $ / shares | 6 Months Ended | |||
Jun. 30, 2021 | Jun. 30, 2020 | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Number of shares, Unvested, Beginning balance | 988,990 | |||
Number of shares, Granted | 735,383 | [1] | 600,000 | [2],[3] |
Number of shares, Unvested, Beginning balance | 863,125 | 600,000 | ||
Number of shares, Vested | (861,248) | |||
CAD [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Weighted average grant date fair value per share, Unvested, Beginning balance | $ 0.39 | |||
Weighted average grant date fair value per share, Granted | 0.41 | [1] | 0.40 | [2],[3] |
Weighted average grant date fair value per share, Unvested, Ending balance | 0.40 | $ 0.40 | ||
Weighted average grant date fair value per share, Vested | $ 0.41 | |||
[1] | On January 1, 2021, the Company granted 735,383 | |||
[2] | On April 20, 2020, the Company granted 400,000 | |||
[3] | On April 20, 2020, the Company granted 200,000 |
Schedule of Restricted Share _2
Schedule of Restricted Share Units (Details) (Parenthetical) - USD ($) | Jan. 02, 2021 | Dec. 06, 2020 | Nov. 16, 2020 | Apr. 20, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 735,383 | [1] | 600,000 | [2],[3] | ||||||
Officer [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Share-based Payment Arrangement, Expense | $ 43,463 | $ 116,809 | ||||||||
Directors [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Share-based Payment Arrangement, Expense | 124,802 | 155,681 | 322,144 | 155,681 | ||||||
Consultant [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Share-based Payment Arrangement, Expense | 6,596 | 26,056 | ||||||||
Restricted Stock Units (RSUs) [Member] | Officer [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 400,000 | |||||||||
Share-based Payment Arrangement, Expense | 16,192 | 43,160 | 23,073 | |||||||
Restricted Stock Units (RSUs) [Member] | Director [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 168,000 | 200,000 | ||||||||
Share-based Payment Arrangement, Expense | 5,785 | 14,933 | $ 7,217 | |||||||
Restricted Stock Units (RSUs) [Member] | Directors [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Share-based Payment Arrangement, Expense | 8,085 | 16,081 | ||||||||
Restricted Stock Units (RSUs) [Member] | Consultant [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 220,990 | |||||||||
Restricted Stock Units (RSUs) [Member] | Consultants [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Share-based Payment Arrangement, Expense | 9,628 | 58,740 | ||||||||
Restricted Stock Units (RSUs) [Member] | Consultant One [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 735,383 | |||||||||
Share-based Payment Arrangement, Expense | $ 52,223 | $ 265,101 | ||||||||
[custom:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisedInPeriod] | 449,400 | |||||||||
Restricted Stock Units (RSUs) [Member] | Consultant One [Member] | Vest Immediately [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 245,128 | |||||||||
Restricted Stock Units (RSUs) [Member] | Consultant One [Member] | Vested in 1/12 Increments per Month [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 490,255 | |||||||||
[1] | On January 1, 2021, the Company granted 735,383 | |||||||||
[2] | On April 20, 2020, the Company granted 400,000 | |||||||||
[3] | On April 20, 2020, the Company granted 200,000 |
Schedule of Deferred Share Unit
Schedule of Deferred Share Units (Details) | 3 Months Ended | 6 Months Ended | |||||||||
Jun. 30, 2021USD ($)shares | Jun. 30, 2020USD ($)shares | Jun. 30, 2021USD ($)shares | Jun. 30, 2021$ / shares | Jun. 30, 2020USD ($)shares | Jun. 30, 2020$ / shares | ||||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||||||||
Number of shares, Unvested, Beginning balance | shares | 988,990 | ||||||||||
Number of shares, Granted | shares | 735,383 | [1] | 600,000 | [2],[3] | |||||||
Number of shares, Unvested, Beginning balance | shares | 863,125 | 600,000 | 863,125 | 600,000 | |||||||
Deferred Share Unit [Member] | |||||||||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||||||||
Share-based Payment Arrangement, Expense | $ | $ 54,186 | $ 549,664 | $ 139,721 | $ 549,664 | |||||||
Phantom Share Units (PSUs) [Member] | |||||||||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||||||||
Number of shares, Unvested, Beginning balance | shares | 7,500,000 | ||||||||||
Number of shares, Granted | shares | [4] | 7,500,000 | |||||||||
Number of shares, Unvested, Beginning balance | shares | 7,500,000 | 7,500,000 | 7,500,000 | 7,500,000 | |||||||
CAD [Member] | |||||||||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||||||||
Weighted average grant date fair value per share, Unvested, Beginning balance | $ / shares | $ 0.39 | ||||||||||
Weighted average grant date fair value per share, Unvested | $ / shares | 0.41 | [1] | 0.40 | [2],[3] | |||||||
Weighted average grant date fair value per share, Unvested, Ending balance | $ / shares | 0.40 | 0.40 | |||||||||
CAD [Member] | Deferred Share Units [Member] | |||||||||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||||||||
Weighted average grant date fair value per share, Unvested, Beginning balance | $ / shares | 0.65 | ||||||||||
Weighted average grant date fair value per share, Unvested | $ / shares | [4] | 0.65 | |||||||||
Weighted average grant date fair value per share, Unvested, Ending balance | $ / shares | $ 0.65 | $ 0.65 | |||||||||
[1] | On January 1, 2021, the Company granted 735,383 | ||||||||||
[2] | On April 20, 2020, the Company granted 400,000 | ||||||||||
[3] | On April 20, 2020, the Company granted 200,000 | ||||||||||
[4] | On April 21, 2020, the Company granted 7,500,000 |
Schedule of Deferred Share Un_2
Schedule of Deferred Share Units (Details) (Parenthetical) - Deferred Share Unit [Member] - USD ($) | Apr. 21, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 |
Multiemployer Plan [Line Items] | |||||
Number of shares, granted in deferred share units | 7,500,000 | ||||
Grant date and expire in deferred share units | 5 years | ||||
Share-based Payment Arrangement, Expense | $ 54,186 | $ 549,664 | $ 139,721 | $ 549,664 |
Schedule of Income per Share (D
Schedule of Income per Share (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Net income (loss) per common share (note 12) | ||||
Net income (loss) and comprehensive income (loss) for the period | $ 45,056 | $ (22,882,575) | $ 5,882,865 | $ (13,580,978) |
Basic income (loss) per share Weighted average number of common shares - basic | 163,677,564 | 79,005,399 | 158,916,637 | 76,010,941 |
Net income (loss) per share – basic | $ 0 | $ (0.29) | $ 0.04 | $ (0.18) |
Dilutive effect of warrants on net income | $ (175,816) | $ (520,066) | ||
Diluted net income (loss) and comprehensive income (loss) for the period | $ (130,760) | $ (22,882,575) | $ 5,362,799 | $ (13,580,978) |
Warrants, broker options, and stock options | 703,569 | 1,027,400 | ||
Weighted average number of common shares - fully diluted | 164,381,133 | 79,005,399 | 159,944,037 | 76,010,941 |
Net income (loss) per share - fully diluted | $ 0 | $ (0.29) | $ 0.03 | $ (0.18) |
Commitments and contingencies (
Commitments and contingencies (Details Narrative) | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2021USD ($) | Jun. 30, 2021CAD ($) | Dec. 31, 2020USD ($) | |
Loss Contingencies [Line Items] | |||
Lease payments | $ 64,985 | $ 123,098 | |
Rent expenses | $ 286,599 | ||
CAD [Member] | |||
Loss Contingencies [Line Items] | |||
Lease payments | $ 13,504 | ||
Lease Agreement [Member] | |||
Loss Contingencies [Line Items] | |||
Lease expires, description | expires in May 2022 | expires in May 2022 | |
Lease Agreement [Member] | CAD [Member] | |||
Loss Contingencies [Line Items] | |||
Rent expenses | $ 26,000 | ||
Accounts Payable and Accrued Liabilities [Member] | |||
Loss Contingencies [Line Items] | |||
Lease payments | $ 13,235,340 | ||
Placer Mining Corp [Member] | |||
Loss Contingencies [Line Items] | |||
Monthly payments | $ 60,000 |
Schedule of Related Party Trans
Schedule of Related Party Transactions (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Related Party Transactions [Abstract] | ||||
Consulting fees | $ 245,936 | $ 131,448 | $ 570,555 | $ 291,203 |
Related party transactions (Det
Related party transactions (Details Narrative) - USD ($) | Oct. 09, 2020 | Jun. 30, 2021 | Dec. 31, 2020 |
Related Party Transaction [Line Items] | |||
Number of shares issued | 5,572,980 | ||
February 2021 Units [Member] | Consultants [Member] | |||
Related Party Transaction [Line Items] | |||
Number of shares issued | 208,860 | ||
Deemed price | $ 0.45 | ||
Settlement of debt | $ 66,000 | ||
Key Management Personnel [Member] | |||
Related Party Transaction [Line Items] | |||
Accounts payable and accrued liabilities | $ 69,835 | $ 45,000 | |
CFO [Member] | February 2021 Offering [Member] | |||
Related Party Transaction [Line Items] | |||
Number of shares issued | 208,860 | ||
CFO [Member] | February 2021 Units [Member] | |||
Related Party Transaction [Line Items] | |||
Number of shares issued | 208,860 | ||
Deemed price | $ 0.45 | ||
Settlement of debt | $ 66,000 |