Cover
Cover | 9 Months Ended |
Sep. 30, 2022 | |
Entity Addresses [Line Items] | |
Document Type | S-1/A |
Amendment Flag | true |
Amendment Description | AMENDMENT NO. 4 |
Entity Registrant Name | BUNKER HILL MINING CORP. |
Entity Central Index Key | 0001407583 |
Entity Primary SIC Number | 1044 |
Entity Tax Identification Number | 32-0196442 |
Entity Incorporation, State or Country Code | NV |
Entity Address, Address Line One | 82 Richmond Street East |
Entity Address, Address Line Two | Toronto |
Entity Address, City or Town | Ontario |
Entity Address, Postal Zip Code | M5C 1P1 |
City Area Code | 416 |
Local Phone Number | 477-7771 |
Entity Filer Category | Non-accelerated Filer |
Entity Small Business | true |
Entity Emerging Growth Company | false |
Business Contact [Member] | |
Entity Addresses [Line Items] | |
Entity Address, Address Line One | 40 E. Lancaster Avenue LTW 22 |
Entity Address, Address Line Two | Ardmore |
Entity Address, City or Town | PA |
Entity Address, Postal Zip Code | 19003 |
Contact Personnel Name | J.P. Galda |
Condensed Interim Consolidated
Condensed Interim Consolidated Balance Sheets - USD ($) | Sep. 30, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Current assets | |||
Cash | $ 103,833 | $ 486,063 | $ 3,568,661 |
Restricted Cash (note 6) | 9,476,000 | ||
Accounts receivable and prepaid expenses (note 6) | 1,208,109 | 413,443 | |
Accounts receivable | 112,630 | 100,032 | |
Prepaid expenses | 300,813 | 376,925 | |
Short-term deposit (note 3) | 1,000,000 | 68,939 | |
Prepaid mine deposit and acquisition costs (note 5) | 2,260,463 | ||
Prepaid finance costs | 393,640 | ||
Total current assets | 11,787,942 | 3,622,548 | 4,045,618 |
Non-current assets | |||
Equipment (note 3) | 593,588 | 396,894 | 435,727 |
Spare parts inventory | 341,004 | ||
Process plant (note 3) | 6,058,694 | ||
Right-of-use assets (note 4) | 52,353 | 158,731 | |
Long-term deposit (note 6) | 2,068,939 | ||
Bunker Hill Mine and mining interests (note 5) | 14,805,360 | 1 | 1 |
Total assets | 33,586,588 | 4,071,796 | 6,709,016 |
Current liabilities | |||
Accounts payable | 2,877,593 | 1,312,062 | 1,440,837 |
Accrued liabilities | 1,694,461 | 869,581 | 214,218 |
EPA water treatment payable (note 6) | 3,847,141 | 5,110,706 | 3,136,050 |
Interest payable (notes 6 and 7) | 1,156,195 | 409,242 | 162,540 |
DSU liability (note 12) | 363,648 | 1,531,409 | 1,110,125 |
Promissory notes payable (note 7) | 1,500,000 | 2,500,000 | |
EPA cost recovery payable - short-term (note 6) | 11,000,000 | 8,000,000 | |
Current portion of lease liability (note 8) | 62,277 | 114,783 | |
Total current liabilities | 11,439,038 | 22,795,277 | 14,178,553 |
Non-current liabilities | |||
Lease liability (note 9) | 61,824 | ||
Derivative warrant liability (note 9) | 4,500,387 | 15,518,887 | 24,006,236 |
Series 1 convertible debenture (note 7) | 4,892,435 | ||
Series 2 convertible debenture (note 7) | 12,710,097 | ||
Royalty convertible debenture (note 7) | 7,359,776 | ||
EPA cost recovery liability - long-term, net of discount (note 6) | 7,420,024 | ||
Total liabilities | 48,321,757 | 38,314,164 | 38,246,613 |
Shareholders’ Deficiency | |||
Preferred shares value | |||
Common shares value | 219 | 164 | 143 |
Additional paid-in-capital (note 9) | 43,894,878 | 38,248,618 | 34,551,133 |
Shares to be issued | |||
Accumulated other comprehensive income (note 7) | 996,636 | ||
Deficit accumulated during the exploration stage | (59,626,902) | (72,491,150) | (66,088,873) |
Total shareholders’ deficiency | (14,735,169) | (34,242,368) | (31,537,597) |
Total shareholders’ deficiency and liabilities | $ 33,586,588 | $ 4,071,796 | $ 6,709,016 |
Condensed Interim Consolidate_2
Condensed Interim Consolidated Balance Sheets (Parenthetical) - $ / shares | Sep. 30, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Statement of Financial Position [Abstract] | |||
Preferred stock, par value | $ 0.000001 | $ 0.000001 | $ 0.000001 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | |||
Preferred stock, shares outstanding | |||
Common stock, par value | $ 0.000001 | $ 0.000001 | $ 0.000001 |
Common stock, shares authorized | 1,500,000,000 | 750,000,000 | 750,000,000 |
Common stock, shares issued | 219,649,187 | 164,435,442 | 143,117,068 |
Common stock, shares outstanding | 219,649,187 | 164,435,442 | 143,117,068 |
Condensed Interim Consolidate_3
Condensed Interim Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) - USD ($) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2020 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | Jun. 30, 2020 | |
Operating expenses | |||||||
Operation and administration | $ 150,910 | $ 221,451 | $ 1,681,093 | $ 587,514 | $ 1,506,859 | $ 2,651,954 | $ 1,327,059 |
Exploration | 1,465,157 | 8,379,845 | 8,677,194 | 13,530,819 | 8,645,431 | ||
Legal and accounting | 523,106 | 1,035,777 | 268,181 | ||||
Consulting | 929,977 | 442,906 | 657,652 | 4,867,553 | 1,327,774 | 1,533,954 | 553,152 |
Mine preparation | 2,533,101 | 6,861,403 | |||||
Legal and accounting | 210,960 | 335,431 | 975,014 | 872,647 | |||
Gain on settlement of accounts payable (note 6) | (1,787,300) | ||||||
Loss from operations | (3,824,948) | (2,464,945) | (9,454,396) | (13,291,484) | (12,384,474) | (18,752,504) | (10,793,823) |
Other income or gain (expense or loss) | |||||||
Change in derivative liability (note 9) | 7,315,161 | 6,460,513 | 10,503,941 | 18,538,380 | 22,172,679 | 12,300,453 | (18,843,947) |
Gain (loss) on foreign exchange | (12,453) | (26,719) | 152,063 | (233,777) | 119,655 | 208,660 | (26,625) |
Accretion expense (notes 7 and 8) | (118,388) | (359,267) | |||||
Interest expense | (1,026,233) | (8,219) | (124,367) | (2,143,840) | (8,219) | (102,740) | (202,426) |
Finance costs | (360,000) | (455,653) | (30,000) | ||||
Loss on debt settlement | (875,861) | (56,146) | (56,146) | (1,056,296) | |||
Loss on private placement (note 10) | (940,290) | ||||||
Share issuance costs (note 10) | (947,156) | ||||||
Gain on fair value of convertible debentures | 1,301,069 | 3,041,056 | |||||
Gain on EPA debt extinguishment (note 6) | 8,614,103 | ||||||
Debenture finance costs | (64,054) | (1,230,539) | |||||
Other income | 1,811 | 26,002 | |||||
Loss on loan extinguishment (note 7) | (9,407) | ||||||
Net loss and comprehensive | |||||||
Net income for the period | 3,690,353 | 3,960,630 | $ (2,164,454) | 12,864,248 | 9,843,495 | $ (6,402,277) | $ (31,321,791) |
Other comprehensive income, net of tax: | |||||||
Gain on change in FV on own credit risk | 625,050 | 996,636 | |||||
Other comprehensive income | 625,050 | 996,636 | |||||
Comprehensive income | $ 4,315,403 | $ 3,960,630 | $ 13,860,884 | $ 9,843,495 | |||
Net loss per common share | |||||||
Net income per common share – basic | $ 0.02 | $ 0.02 | $ (0.02) | $ 0.07 | $ 0.06 | $ (0.04) | $ (0.47) |
Net income per common share – fully diluted | $ 0.01 | $ 0.02 | $ 0.05 | $ 0.06 | |||
Weighted average number of common shares | |||||||
Weighted average common shares – basic | 219,466,235 | 164,179,999 | 124,424,407 | 198,364,188 | 160,690,371 | 161,868,334 | 67,180,554 |
Weighted average common shares – fully diluted | 318,204,510 | 164,329,999 | 250,681,393 | 160,840,371 |
Condensed Interim Consolidate_4
Condensed Interim Consolidated Statements of Cash Flows - USD ($) | 6 Months Ended | 9 Months Ended | 12 Months Ended | ||
Dec. 31, 2020 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | Jun. 30, 2020 | |
Operating activities | |||||
Net income (loss) for the period | $ (2,164,454) | $ 12,864,248 | $ 9,843,495 | $ (6,402,277) | $ (31,321,791) |
Adjustments to reconcile net loss to net cash used in operating activities: | |||||
Stock-based compensation | 1,411,657 | (300,475) | 793,357 | 1,730,308 | 1,047,388 |
Depreciation expense | 106,808 | 172,259 | 178,744 | 239,904 | 123,956 |
Change in derivative liability | (10,503,941) | (18,538,380) | (22,172,679) | (12,300,453) | 18,843,947 |
Units issued for services | 1,060,858 | ||||
Interest expense | 2,143,840 | 8,219 | |||
Foreign exchange loss (gain) | 233,059 | ||||
Amortization of EPA discount | 631,701 | ||||
Gain on fair value of convertible debt derivatives | (3,041,056) | ||||
Gain on EPA debt extinguishment | (8,614,103) | ||||
Accretion expense | 118,388 | 359,267 | |||
Finance costs | 360,000 | 264,435 | 30,000 | ||
Loss on loan extinguishment | 9,407 | ||||
Imputed interest expense on lease liability | 10,038 | 1,834 | 10,632 | 12,696 | 27,062 |
Foreign exchange loss (gain) on re-translation of lease (Note 8) | 13,334 | 718 | 1,434 | 2,165 | (10,766) |
Loss on debt settlement | 875,861 | 56,146 | 56,146 | 1,056,296 | |
Loss on private placement | 940,290 | ||||
Share issuance costs | 947,156 | ||||
Changes in operating assets and liabilities: | |||||
Accounts receivable | (21,340) | (81,618) | (13,632) | (12,598) | (35,828) |
Prepaid mine acquisition costs | (260,463) | ||||
Restricted cash | (9,476,000) | ||||
Deposit on plant demobilization | (1,000,000) | ||||
Prepaid finance costs | 393,640 | (393,640) | |||
Prepaid expenses | (274,211) | (1,064,109) | 72,933 | 76,112 | (67,542) |
Accounts payable | (1,775,211) | 947,699 | 606,056 | (128,774) | 1,403,873 |
Accrued liabilities | (549,489) | 526,322 | 1,243,042 | 787,363 | 300,211 |
Accrued EPA water treatment | 826,662 | (903,565) | 1,974,656 | 1,019,878 | |
EPA cost recovery payable | 3,000,000 | (2,000,000) | 3,000,000 | 3,000,000 | |
Interest payable – EPA | (113,579) | ||||
Other liabilities | (11,117) | ||||
Interest payable | 197,727 | (639,402) | 246,702 | 278,545 | |
Net cash used in operating activities | (6,480,725) | (26,531,674) | (9,372,253) | (11,372,153) | (3,947,214) |
Investing activities | |||||
Purchase of spare inventory | (341,004) | ||||
Land purchase | (202,000) | ||||
Bunker Hill mine purchase | (5,524,322) | ||||
Mine improvements | (356,149) | ||||
Purchase of Process plant | (2,815,398) | ||||
Deposit on mining interest | (2,000,000) | ||||
Purchase of machinery and equipment | (280,701) | (316,600) | (94,693) | (94,693) | (219,528) |
Net cash used in investing activities | (2,280,701) | (9,555,473) | (94,693) | (94,693) | (219,528) |
Financing activities | |||||
Proceeds from issuance of shares, net of issue costs | 13,315,538 | 7,769,745 | 6,008,672 | 6,013,439 | 2,428,530 |
Proceeds from convertible debentures | 29,000,000 | ||||
Proceeds from warrants exercised | 417,006 | ||||
Shares to be issued | 549,363 | ||||
Lease payments | (61,504) | (64,828) | (97,138) | (129,191) | (120,690) |
Proceeds from promissory note | 840,000 | 2,500,000 | 2,500,000 | 1,084,536 | |
Repayment of promissory note | (1,825,920) | (1,000,000) | (158,094) | ||
Net cash provided by financing activities | 12,268,114 | 35,704,917 | 8,411,534 | 8,384,248 | 4,200,651 |
Net change in cash | 3,506,688 | (382,230) | (1,055,412) | (3,082,598) | 33,909 |
Cash, beginning of period | 61,973 | 486,063 | 3,568,661 | 3,568,661 | 28,064 |
Cash, end of period | 3,568,661 | 103,833 | 2,513,249 | 486,063 | 61,973 |
Non-cash activities | |||||
Units issued to settle accounts payable and accrued liabilities | 1,085,115 | 228,421 | 188,607 | 188,146 | 717,673 |
Units issued to settle interest payable | $ 1,600,000 | 643,906 | $ 300,000 | ||
Mill purchase for shares and warrants | 3,243,296 | ||||
Units issued to settle DSU/RSU/Bonuses | $ 872,399 |
Condensed Interim Consolidate_5
Condensed Interim Consolidated Statements of Changes in Shareholders' Deficiency | 1 Months Ended | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||||
Jul. 31, 2022 USD ($) shares | Apr. 30, 2022 USD ($) shares | Sep. 30, 2022 USD ($) shares | Jun. 30, 2022 USD ($) shares | Mar. 31, 2022 USD ($) shares | Sep. 30, 2021 USD ($) shares | Jun. 30, 2021 USD ($) shares | Mar. 31, 2021 USD ($) shares | Dec. 31, 2020 USD ($) shares | Sep. 30, 2022 USD ($) shares | Sep. 30, 2022 CAD ($) shares | Sep. 30, 2021 USD ($) shares | Dec. 31, 2021 USD ($) shares | Jun. 30, 2020 USD ($) shares | |||||
Beginning balance, value | $ (19,447,575) | $ (35,202,278) | $ (19,447,575) | $ (35,202,278) | $ (34,242,368) | $ (22,370,235) | $ (22,696,011) | $ (31,537,597) | $ (33,241,919) | $ (34,242,368) | $ (31,537,597) | $ (31,537,597) | $ (8,210,510) | |||||
Stock-based compensation | 27,369 | 15,922 | 145,186 | 323,538 | 280,720 | 620,063 | 851,196 | 1,309,024 | 497,724 | |||||||||
Shares issued at C $0.40 per share | 6,168,069 | 14,262,694 | [1] | $ 750,000 | 1,208,389 | [2] | ||||||||||||
Shares issued at C $0.40 per share, shares | shares | 1,315,856 | 375,000 | 375,000 | |||||||||||||||
Units issued for debt settlement | 1,484,352 | 1,499,051 | ||||||||||||||||
Shares issued for debt settlement | 2,076,624 | [3] | 188,146 | [4] | 274,918 | |||||||||||||
Shares issued | 6,168,069 | [5] | 1,301,525 | [6] | ||||||||||||||
Shares issued for debt settlement at $0.42 per share | [6] | 300,000 | ||||||||||||||||
Contractor shares issued for C$0.30 | 290,000 | 125,180 | ||||||||||||||||
Finder’s warrants issued | 50,223 | |||||||||||||||||
Warrants exercised at $0.18 per share | [7] | 1,288,716 | ||||||||||||||||
Issue costs | (4,522) | (896,009) | (159,397) | (154,630) | (336,480) | |||||||||||||
Warrant valuation | (6,246,848) | (3,813,103) | (14,806,090) | (3,813,103) | (468,227) | |||||||||||||
Shares to be issued | 549,363 | |||||||||||||||||
Stock subscription payable | 1,775,790 | |||||||||||||||||
Compensation options | 264,435 | |||||||||||||||||
Shares issued for interest payable | 374,156 | 269,750 | ||||||||||||||||
Shares issued for RSUs vested | ||||||||||||||||||
Non brokered shares issued for C$0.30 | 352,855 | |||||||||||||||||
Special warrant shares issued for C$0.30 | 7,307,967 | |||||||||||||||||
Shares issued for Process plant purchase | 1,970,264 | |||||||||||||||||
Shares issued for debt settlement at C$0.58 | 188,145 | |||||||||||||||||
Gain on fair value from change in credit risk | 625,050 | 371,586 | ||||||||||||||||
Net income (loss) | 3,690,353 | 12,054,781 | (2,880,886) | 3,960,630 | 45,056 | 5,837,809 | (2,164,454) | $ 12,864,248 | 9,843,495 | (6,402,277) | (31,321,791) | |||||||
Shares issued for RSUs vested | ||||||||||||||||||
Ending balance, value | (14,735,169) | (19,447,575) | (35,202,278) | (18,086,067) | (22,370,235) | (22,696,011) | (31,537,597) | (14,735,169) | (18,086,067) | (34,242,368) | (33,241,919) | |||||||
Common Stock [Member] | ||||||||||||||||||
Beginning balance, value | $ 216 | $ 164 | $ 216 | $ 164 | $ 164 | $ 163 | $ 163 | $ 143 | $ 79 | $ 164 | $ 143 | $ 143 | $ 16 | |||||
Beginning balance, shares | shares | 217,640,705 | 164,435,442 | 217,640,705 | 164,435,442 | 164,435,442 | 163,781,537 | 163,548,480 | 143,117,068 | 79,259,940 | 164,435,442 | 164,435,442 | 143,117,068 | 143,117,068 | 15,811,396 | ||||
Stock-based compensation | ||||||||||||||||||
Shares issued at C $0.40 per share | $ 20 | $ 56 | [1] | $ 35 | [2] | |||||||||||||
Shares issued at C $0.40 per share, shares | shares | 1,975,482 | 19,576,360 | 56,078,434 | [1] | 35,008,956 | [2] | ||||||||||||
Units issued for debt settlement | $ 2 | $ 17 | ||||||||||||||||
Units issued for debt settlement, shares | shares | 2,205,714 | 16,962,846 | ||||||||||||||||
Shares issued for debt settlement | $ 6 | [3] | [4] | $ 2 | ||||||||||||||
Shares issued for debt settlement, shares | shares | 5,572,980 | [3] | 417,720 | [4] | 2,033,998 | |||||||||||||
Shares issued | $ 20 | [5] | $ 3 | [6] | ||||||||||||||
Shares issued, shares | shares | 19,576,360 | [5] | 3,098,216 | [6] | ||||||||||||||
Shares issued for debt settlement at $0.42 per share | [6] | $ 1 | ||||||||||||||||
Shares issued for debt settlement at $0.42 per share, shares | shares | [6] | 696,428 | ||||||||||||||||
Contractor shares issued for C$0.30 | $ 1 | $ 3 | ||||||||||||||||
Contractor shares issued for C$0.30, shares | shares | 1,218,000 | 3,315,200 | ||||||||||||||||
Finder’s warrants issued | ||||||||||||||||||
Warrants exercised at $0.18 per share | [7] | $ 2 | ||||||||||||||||
Warrants exercised at $0.18 per share, shares | shares | [7] | 2,332,900 | ||||||||||||||||
Issue costs | ||||||||||||||||||
Warrant valuation | ||||||||||||||||||
Shares to be issued | ||||||||||||||||||
Stock subscription payable | ||||||||||||||||||
Compensation options | ||||||||||||||||||
Shares issued for interest payable | $ 2 | $ 1 | ||||||||||||||||
Shares issued for interest payable, shares | shares | 1,975,482 | 1,315,857 | ||||||||||||||||
Shares issued for RSUs vested | $ 1 | $ 1 | $ 1 | |||||||||||||||
Shares issued for RSUs vested, shares | shares | 33,000 | 933,750 | 653,905 | 233,057 | 437,332 | |||||||||||||
Non brokered shares issued for C$0.30 | $ 1 | |||||||||||||||||
Non brokered shares issued for C$0.30, shares | shares | 1,471,664 | |||||||||||||||||
Special warrant shares issued for C$0.30 | $ 38 | |||||||||||||||||
Special warrant shares issued for C$0.30, shares | shares | 37,849,325 | |||||||||||||||||
Shares issued for Process plant purchase | $ 10 | |||||||||||||||||
Shares issued for Process plant purchase, shares | shares | 10,416,667 | |||||||||||||||||
Shares issued for debt settlement at C$0.58 | ||||||||||||||||||
Shares issued for debt settlement at C$0.58, shares | shares | 417,720 | |||||||||||||||||
Gain on fair value from change in credit risk | ||||||||||||||||||
Net income (loss) | ||||||||||||||||||
Shares issued for RSUs vested | $ 1 | |||||||||||||||||
Shares issued for RSUs vested, shares | shares | 1,324,294 | |||||||||||||||||
Ending balance, value | $ 219 | $ 216 | $ 164 | $ 164 | $ 163 | $ 163 | $ 143 | $ 219 | $ 164 | $ 164 | $ 79 | |||||||
Ending balance, shares | shares | 219,649,187 | 217,640,705 | 164,435,442 | 164,435,442 | 163,781,537 | 163,548,480 | 143,117,068 | 219,649,187 | 219,649,187 | 164,435,442 | 164,435,442 | 79,259,940 | ||||||
Additional Paid-in Capital [Member] | ||||||||||||||||||
Beginning balance, value | $ 43,497,878 | $ 38,393,804 | $ 43,497,878 | $ 38,393,804 | $ 38,248,618 | $ 37,835,610 | $ 37,554,890 | $ 34,551,133 | $ 30,133,058 | $ 38,248,618 | $ 34,551,133 | $ 34,551,133 | $ 24,284,765 | |||||
Stock-based compensation | 27,369 | 15,922 | 145,186 | 323,538 | 280,720 | 620,063 | 851,196 | 1,309,024 | 497,724 | |||||||||
Shares issued at C $0.40 per share | 6,168,049 | 14,812,001 | [1] | 1,315,691 | [2] | |||||||||||||
Units issued for debt settlement | 1,484,350 | 1,499,034 | ||||||||||||||||
Shares issued for debt settlement | 2,076,618 | [3] | 188,146 | [4] | 274,916 | |||||||||||||
Shares issued | 6,168,049 | [5] | 1,301,522 | [6] | ||||||||||||||
Shares issued for debt settlement at $0.42 per share | [6] | 299,999 | ||||||||||||||||
Contractor shares issued for C$0.30 | 289,999 | 125,177 | ||||||||||||||||
Finder’s warrants issued | 50,223 | |||||||||||||||||
Warrants exercised at $0.18 per share | [7] | 1,288,714 | ||||||||||||||||
Issue costs | (4,522) | (896,009) | (159,397) | (154,630) | (336,480) | |||||||||||||
Warrant valuation | (6,246,848) | (3,813,103) | (14,806,090) | (3,813,103) | (468,227) | |||||||||||||
Shares to be issued | ||||||||||||||||||
Stock subscription payable | ||||||||||||||||||
Compensation options | 264,435 | |||||||||||||||||
Shares issued for interest payable | 374,154 | 269,749 | ||||||||||||||||
Shares issued for RSUs vested | (1) | (1) | (1) | |||||||||||||||
Non brokered shares issued for C$0.30 | 352,854 | |||||||||||||||||
Special warrant shares issued for C$0.30 | 9,083,719 | |||||||||||||||||
Shares issued for Process plant purchase | 1,970,254 | |||||||||||||||||
Shares issued for debt settlement at C$0.58 | 188,145 | |||||||||||||||||
Gain on fair value from change in credit risk | ||||||||||||||||||
Net income (loss) | ||||||||||||||||||
Shares issued for RSUs vested | (1) | |||||||||||||||||
Ending balance, value | 43,894,878 | 43,497,878 | 38,393,804 | 38,159,147 | 37,835,610 | 37,554,890 | 34,551,133 | 43,894,878 | 38,159,147 | 38,248,618 | 30,133,058 | |||||||
Shares To Be Issued [Member] | ||||||||||||||||||
Beginning balance, value | 549,363 | 107,337 | ||||||||||||||||
Stock-based compensation | ||||||||||||||||||
Shares issued at C $0.40 per share | (549,363) | [1] | (107,337) | [2] | ||||||||||||||
Units issued for debt settlement | ||||||||||||||||||
Shares issued for debt settlement | [3] | [4] | ||||||||||||||||
Shares issued | [5] | [6] | ||||||||||||||||
Shares issued for debt settlement at $0.42 per share | [6] | |||||||||||||||||
Contractor shares issued for C$0.30 | ||||||||||||||||||
Finder’s warrants issued | ||||||||||||||||||
Warrants exercised at $0.18 per share | [7] | |||||||||||||||||
Issue costs | ||||||||||||||||||
Warrant valuation | ||||||||||||||||||
Shares to be issued | 549,363 | |||||||||||||||||
Net income (loss) | ||||||||||||||||||
Shares issued for RSUs vested | ||||||||||||||||||
Ending balance, value | 549,363 | |||||||||||||||||
Retained Earnings [Member] | ||||||||||||||||||
Beginning balance, value | (63,317,255) | (75,372,036) | (63,317,255) | (75,372,036) | (72,491,150) | (60,206,008) | (60,251,064) | (66,088,873) | (63,924,419) | (72,491,150) | (66,088,873) | (66,088,873) | (32,602,628) | |||||
Stock-based compensation | ||||||||||||||||||
Shares issued at C $0.40 per share | [1] | [2] | ||||||||||||||||
Units issued for debt settlement | ||||||||||||||||||
Shares issued for debt settlement | [3] | [4] | ||||||||||||||||
Shares issued | [5] | [6] | ||||||||||||||||
Shares issued for debt settlement at $0.42 per share | [6] | |||||||||||||||||
Contractor shares issued for C$0.30 | ||||||||||||||||||
Finder’s warrants issued | ||||||||||||||||||
Warrants exercised at $0.18 per share | [7] | |||||||||||||||||
Issue costs | ||||||||||||||||||
Warrant valuation | ||||||||||||||||||
Shares to be issued | ||||||||||||||||||
Stock subscription payable | ||||||||||||||||||
Compensation options | ||||||||||||||||||
Shares issued for interest payable | ||||||||||||||||||
Shares issued for RSUs vested | ||||||||||||||||||
Non brokered shares issued for C$0.30 | ||||||||||||||||||
Special warrant shares issued for C$0.30 | ||||||||||||||||||
Shares issued for Process plant purchase | ||||||||||||||||||
Shares issued for debt settlement at C$0.58 | ||||||||||||||||||
Gain on fair value from change in credit risk | ||||||||||||||||||
Net income (loss) | 3,690,353 | 12,054,781 | (2,880,886) | 3,960,630 | 45,056 | 5,837,809 | (2,164,454) | (6,402,277) | (31,321,791) | |||||||||
Shares issued for RSUs vested | ||||||||||||||||||
Ending balance, value | (59,626,902) | (63,317,255) | (75,372,036) | (56,245,378) | (60,206,008) | (60,251,064) | (66,088,873) | (59,626,902) | (56,245,378) | (72,491,150) | $ (63,924,419) | |||||||
Stock Subscriptions Payable [Member] | ||||||||||||||||||
Beginning balance, value | 1,775,790 | 1,775,790 | ||||||||||||||||
Stock-based compensation | ||||||||||||||||||
Shares issued at C $0.40 per share | ||||||||||||||||||
Contractor shares issued for C$0.30 | ||||||||||||||||||
Issue costs | ||||||||||||||||||
Warrant valuation | ||||||||||||||||||
Stock subscription payable | 1,775,790 | |||||||||||||||||
Compensation options | ||||||||||||||||||
Shares issued for interest payable | ||||||||||||||||||
Shares issued for RSUs vested | ||||||||||||||||||
Non brokered shares issued for C$0.30 | ||||||||||||||||||
Special warrant shares issued for C$0.30 | (1,775,790) | |||||||||||||||||
Shares issued for Process plant purchase | ||||||||||||||||||
Shares issued for debt settlement at C$0.58 | ||||||||||||||||||
Gain on fair value from change in credit risk | ||||||||||||||||||
Net income (loss) | ||||||||||||||||||
Ending balance, value | 1,775,790 | |||||||||||||||||
AOCI Attributable to Parent [Member] | ||||||||||||||||||
Beginning balance, value | $ 371,586 | 371,586 | ||||||||||||||||
Stock-based compensation | ||||||||||||||||||
Shares issued at C $0.40 per share | ||||||||||||||||||
Contractor shares issued for C$0.30 | ||||||||||||||||||
Issue costs | ||||||||||||||||||
Warrant valuation | ||||||||||||||||||
Stock subscription payable | ||||||||||||||||||
Compensation options | ||||||||||||||||||
Shares issued for interest payable | ||||||||||||||||||
Shares issued for RSUs vested | ||||||||||||||||||
Non brokered shares issued for C$0.30 | ||||||||||||||||||
Special warrant shares issued for C$0.30 | ||||||||||||||||||
Shares issued for Process plant purchase | ||||||||||||||||||
Shares issued for debt settlement at C$0.58 | ||||||||||||||||||
Gain on fair value from change in credit risk | 625,050 | 371,586 | ||||||||||||||||
Net income (loss) | ||||||||||||||||||
Ending balance, value | $ 996,636 | $ 371,586 | $ 996,636 | |||||||||||||||
[1]Units issued at C$ 0.35 0.26 0.05 0.04 0.49 0.37 0.57 0.45 0.40 0.32 0.56 0.42 0.25 0.18 |
Condensed Interim Consolidate_6
Condensed Interim Consolidated Statements of Changes in Shareholders' Deficiency (Parenthetical) | Jun. 30, 2022 $ / shares | Dec. 31, 2021 $ / shares | Dec. 31, 2021 $ / shares | Mar. 31, 2021 $ / shares | Dec. 31, 2020 $ / shares | Dec. 31, 2020 $ / shares | Jun. 30, 2020 $ / shares |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||
Shares issued, price per share | (per share) | $ 0.40 | $ 0.26 | $ 0.35 | $ 0.04 | |||
Units issued for debt settlement, per price | 0.67 | 0.09 | |||||
Debt settlement, per share price | (per share) | $ 0.45 | $ 0.57 | $ 0.37 | $ 0.49 | 0.14 | ||
Shares issued price per share | (per share) | $ 0.32 | $ 0.40 | 0.42 | ||||
Non Brokered Shares [Member] | |||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||
Shares issued, price per share | $ 0.30 | ||||||
Special Warrant [Member] | |||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||
Shares issued, price per share | 0.30 | ||||||
Contractor Shares [Member] | |||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||
Shares issued, price per share | $ 0.30 | ||||||
Debt Settlement [Member] | |||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||
Shares issued, price per share | $ 0.58 | ||||||
Warrant [Member] | |||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||
Warrant exercise price | (per share) | 0.18 | ||||||
Debt Settlement [Member] | |||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||
Debt settlement, per share price | $ 0.42 |
Nature and Continuance of Opera
Nature and Continuance of Operations and Going Concern | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 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 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. Going Concern: 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 $ 59,626,902 3,847,141 7,420,024 Management is considering various financing alternatives including, but not limited to, raising capital through the capital markets, debt, and closing on the multi-metals stream transaction (see note 7). These unaudited 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 in existence. COVID-19: 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 (“COVID-19”). Although the pandemic has subsided significantly, the Company cannot accurately predict the impact a COVID-19 resurgence would 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. The Russia/Ukraine Crisis: The Company’s operations could be adversely affected by the effects of the Russia/Ukraine crisis and the effects of sanctions imposed against Russia or that country’s retributions against those sanctions, embargos or further-reaching impacts upon energy prices, food prices and market disruptions. The Company cannot accurately predict the impact the crisis will have on its operations and the ability of contractors to meet their obligations with the Company, including uncertainties relating the severity of its effects, the duration of the conflict, and the length and magnitude of energy bans, embargos and restrictions imposed by governments. In addition, the crisis could adversely affect the economies and financial markets of the United States in general, resulting in an economic downturn that could further affect the Company’s operations and ability to finance its operations. Additionally, the Company cannot predict changes in precious metals pricing or changes in commodities pricing which may alternately affect the Company either positively or negatively. Bunker Hill Mining Corp. Notes to the Condensed Interim Consolidated Financial Statements (Unaudited) Three and Nine Months Ended September 30, 2022 (Expressed in United States Dollars) | Nature and continuance of operations and going concern Nature and Continuance of Operations and Going Concern Bunker Hill Mining Corp. (the “Company”) was incorporated under the laws of the state of Nevada, U.S.A. on 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. Going Concern: These consolidated financial statements have been prepared on a going concern basis. The Company has incurred losses since inception resulting in an accumulated deficit of $ 72,491,150 and further losses are anticipated in the development of its business. Additionally, the Company owes a total of $ 16,417,208 to the EPA (see Note 6) that is classified as current liability unless the Company can consummate financial assurances that would reclassify $ 11,000,000 of this liability to long-term debt. The Company does not have sufficient cash to fund normal operations and meet debt obligations for the next 12 months without deferring payment on certain current liabilities and/or raising additional funds. In order to continue to meet its fiscal obligations in the current fiscal year and beyond, the Company must seek additional financing. This raises substantial doubt about the Company’s ability to continue as a going concern. Its ability to continue as a going concern is dependent upon the ability of the Company to generate profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. The accompanying consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. Management is considering various financing alternatives including, but not limited to, raising capital through the capital markets and debt financing. These 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 in existence. 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. COVID-19: 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 (“COVID-19”). The Company cannot accurately predict the impact COVID-19 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. The Russia/Ukraine Crisis: The Company’s operations could be adversely affected by the effects of the escalating Russia/Ukraine crisis and the effects of sanctions imposed against Russia or that country’s retributions against those sanctions, embargos or further-reaching impacts upon energy prices, food prices and market disruptions. The Company cannot accurately predict the impact the crisis will have on its operations and the ability of contractors to meet their obligations with the Company, including uncertainties relating the severity of its effects, the duration of the conflict, and the length and magnitude of energy bans, embargos and restrictions imposed by governments. In addition, the crisis could adversely affect the economies and financial markets of the United States in general, resulting in an economic downturn that could further affect the Company’s operations and ability to finance its operations. Additionally, the Company cannot predict changes in precious metals pricing or changes in commodities pricing which may alternately affect the Company either positively or negatively. |
Basis of Presentation
Basis of Presentation | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Accounting Policies [Abstract] | ||
Basis of Presentation | 2. Basis of Presentation The accompanying unaudited condensed interim consolidated financial statements of the Company 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’ deficiency, 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 condensed interim consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K, which contains the annual audited consolidated financial statements and notes thereto, together with the Management’s Discussion and Analysis, for the year ended December 31, 2021. The financial results for the three and nine months ended September 30, 2022 are not necessarily indicative of the results for the full fiscal year. The unaudited interim condensed consolidated financial statements are presented in United States dollars, which is the Company’s functional currency. | 2. Basis of presentation Basis of Presentation The consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America applicable to exploration stage enterprises. The consolidated financial statements are expressed in U.S. dollars, the Company’s functional currency. In February 2021, the Company changed its fiscal year from June 30 to December 31. As a result, in addition to the full calendar year ended December 31, 2021, the Company is reporting financial information for the transition period from July 1, 2020 to December 31, 2020, and the preceding full fiscal year of July 1, 2019 to June 30, 2020. Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Year Ended December 31, 2021, Six Months Ended December 31, 2020 and Year Ended June 30, 2020 (Expressed in United States Dollars) |
Significant accounting policies
Significant accounting policies | 12 Months Ended |
Dec. 31, 2021 | |
Accounting Policies [Abstract] | |
Significant accounting policies | 3. Significant accounting policies The following is a summary of significant accounting policies used in the preparation of these consolidated financial statements. Basis of consolidation These consolidated financial statements include the assets, liabilities and expenses of the Company and its wholly owned subsidiary, Silver Valley Metals Corp. (formerly American Zinc Corp.). All intercompany transactions and balances have been eliminated on consolidation. Cash and cash equivalents Cash and cash equivalents may include highly liquid investments with original maturities of three months or less. Mineral rights, property and acquisition costs The Company has been in the exploration stage since its formation on February 20, 2007 and has not yet realized any revenues from its planned operations. It is primarily engaged in the acquisition and exploration of mining properties. The Company capitalizes acquisition and option costs of mineral rights as intangible assets when there is sufficient evidence to support probability of generating positive economic returns in the future. Upon commencement of commercial production, the mineral rights will be amortized using the unit-of-production method over the life of the mineral rights. If the Company does not continue with exploration after the completion of the feasibility study, the mineral rights will be expensed at that time. The costs of acquiring mining properties are capitalized upon acquisition. Mine development costs incurred to develop and expand the capacity of mines, or to develop mine areas in advance of production, are also capitalized once proven and probable reserves exist and the property is a commercially mineable property. Costs incurred to maintain current exploration or to maintain assets on a standby basis are charged to operations. Costs of abandoned projects are charged to operations upon abandonment. The Company evaluates the carrying value of capitalized mining costs and related property and equipment costs, to determine if these costs are in excess of their recoverable amount whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. Evaluation of the carrying value of capitalized costs and any related property and equipment costs are based upon expected future cash flows and/or estimated salvage value in accordance with Accounting Standards Codification (FASB ASC) 360-10-35, Impairment or Disposal of Long-Lived Assets. Equipment Equipment is stated at cost less accumulated depreciation. Depreciation is provided principally on the straight-line method over the estimated useful lives of the assets, which range from 3 10 The Company periodically evaluates whether events and circumstances have occurred that may warrant revision of the estimated useful lives of equipment or whether the remaining balance of the equipment should be evaluated for possible impairment. If events and circumstances warrant evaluation, the Company uses an estimate of the related undiscounted cash flows over the remaining life of the equipment in measuring their recoverability. Leases Operating lease right of use (“ROU”) assets represent the right to use the leased asset for the lease term and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As most leases do not provide an implicit rate, the Company uses an incremental borrowing rate based on the information available at the adoption date in determining the present value of future payments. Lease expense for minimum lease payments is amortized on a straight-line basis over the lease term and is included in operation and administration expenses in the consolidated statements of loss and comprehensive loss. Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Year Ended December 31, 2021, Six Months Ended December 31, 2020 and Year Ended June 30, 2020 (Expressed in United States Dollars) The Company is required to make additional payments for certain variable costs. These costs are expensed and included in operation and administration expenses in the consolidated statements of loss and comprehensive loss. Rental income obtained through subleases is recorded as income over the lease term and is offset against operation and administration expenses. Impairment of long-lived assets The Company reviews and evaluates long-lived assets for impairment when events or changes in circumstances indicate the related carrying amounts may not be recoverable. The assets are subject to impairment consideration under FASB ASC 360, Property, Plant and Equipment, if events or circumstances indicate that their carrying amount might not be recoverable. When the Company determines that an impairment analysis should be done, the analysis is performed using the rules of FASB ASC 930-360-35, Extractive Activities – Mining, and 360-10-15-3 through 15-5, Impairment or Disposal of Long-Lived Assets. Various factors could impact the Company’s ability to achieve forecasted production schedules. Additionally, commodity prices, capital expenditure requirements and reclamation costs could differ from the assumptions the Company may use in cash flow models used to assess impairment. The ability to achieve the estimated quantities of recoverable minerals from exploration stage mineral interests involves further risks in addition to those factors applicable to mineral interests where proven and probable reserves have been identified, due to the lower level of confidence that the identified mineralized material can ultimately be mined economically. Fair value of financial instruments The Company adopted FASB ASC 820-10, Fair Value Measurement. This guidance defines fair value, establishes a three-level valuation hierarchy for disclosures of fair value measurement and enhances disclosure requirements for fair value measures. The three levels are defined as follows: ● Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. ● Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ● Level 3 inputs to valuation methodology are unobservable and significant to the fair measurement. The carrying amounts reported in the consolidated balance sheets for cash, accounts receivable excluding HST, accounts payable, accrued liabilities, interest payable, convertible loan payable, promissory notes payable, lease liability, and other liabilities, all of which qualify as 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. Environmental expenditures The operations of the Company have been, and may in the future be, affected from time to time, in varying degrees, by changes in environmental regulations, including those for future reclamation and site restoration costs. Both the likelihood of new regulations and their overall effect upon the Company vary greatly and are not predictable. The Company’s policy is to meet, or if possible, surpass standards set by relevant legislation, by application of technically proven and economically feasible measures. Environmental expenditures that relate to ongoing environmental and reclamation programs are expensed as incurred or capitalized and amortized depending on their future economic benefits. Estimated future reclamation and site restoration costs, when the ultimate liability is reasonably determinable, are charged against earnings over the estimated remaining life of the related business operation, net of expected recoveries. Income taxes The Company accounts for income taxes in accordance with Accounting Standard Codification 740, Income Taxes (“FASB ASC 740”), on a tax jurisdictional basis. The Company files income tax returns in the United States. Deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the tax bases of assets and liabilities and the consolidated financial statements reported amounts using enacted tax rates and laws in effect in the year in which the differences are expected to reverse. A valuation allowance is provided against deferred tax assets when it is determined to be more likely than not that the deferred tax asset will not be realized. Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Year Ended December 31, 2021, Six Months Ended December 31, 2020 and Year Ended June 30, 2020 (Expressed in United States Dollars) The Company assesses the likelihood of the consolidated financial statements effect of a tax position that should be recognized when it is more likely than not that the position will be sustained upon examination by a taxing authority based on the technical merits of the tax position, circumstances, and information available as of the reporting date. The Company is subject to examination by taxing authorities in jurisdictions such as the United States. Management does not believe that there are any uncertain tax positions that would result in an asset or liability for taxes being recognized in the accompanying consolidated financial statements. The Company recognizes tax-related interest and penalties, if any, as a component of income tax expense. FSAB ASC 740 prescribes recognition threshold and measurement attributes for the consolidated financial statements recognition and measurement of a tax position taken, or expected to be taken, in a tax return. FASB ASC 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in periods, disclosure and transition. At December 31, 2021, December 31, 2020, and June 30, 2020, the Company has not taken any tax positions that would require disclosure under FASB ASC 740. Basic and diluted net loss per share The Company computes net loss per share in accordance with FASB ASC 260, Earnings per Share (“FASB ASC 260”). Under the provisions of FASB ASC 260, basic net loss per share is computed using the weighted average number of common shares outstanding during the period. Diluted net loss per share is computed using the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the incremental common shares issuable upon the exercise of stock options and warrants and the conversion of convertible loan payable. As of December 31, 2021, 9,053,136 111,412,712 3,590,907 8,015,159 95,777,806 3,239,907 Stock-based compensation In December 2004, FASB issued FASB ASC 718, Compensation – Stock Compensation (“FASB ASC 718”), which establishes standards for the accounting for transactions in which an entity exchanges its equity instruments for goods or services. It also addresses transactions in which an entity incurs liabilities in exchange for goods or services that are based on the fair value of the entity’s equity instruments or that may be settled by the issuance of those equity instruments. FASB ASC 718 focuses primarily on accounting for transactions in which an entity obtains employee services in share-based payment transactions. FASB ASC 718 requires that the compensation cost relating to share-based payment transactions be recognized in the consolidated financial statements. That cost will be measured based on the fair value of the equity or liability instruments issued. The Company accounts for stock-based compensation arrangements with non-employees in accordance with ASU 505-50, Equity-Based Payments to Non-Employees, which requires that such equity instruments are recorded at the value on the grant date based on fair value of the equity or goods and services whichever is more reliable. Restricted share units (“RSUs”) The Company estimates the grant date fair value of RSUs using the Company’s common shares at the grant date. The Company records the value of the RSUs in paid-in capital. Deferred share units (“DSUs”) The Company estimates the grant date fair value of the DSUs using the trading price of the Company’s common shares on the day of grant. The Company records the value of the DSUs owing to its directors as DSU liability and measures the DSU liability at fair value at each reporting date, with changes in fair value recognized as stock-based compensation in profit (loss). Use of estimates and assumptions Many of the amounts included in the consolidated financial statements require management to make judgments and/or estimates. These judgments and estimates are continuously evaluated and are based on management’s experience and knowledge of the relevant facts and circumstances. Actual results may differ from the amounts included in the consolidated financial statements. Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Year Ended December 31, 2021, Six Months Ended December 31, 2020 and Year Ended June 30, 2020 (Expressed in United States Dollars) Areas of significant judgment and estimates affecting the amounts recognized in the consolidated financial statements include: Going concern The assessment of the Company’s ability to continue as a going concern involves judgment regarding future funding available for its operations and working capital requirements as discussed in note 1. Accrued liabilities The Company has to make estimates to accrue for certain expenditures due to delay in receipt of third-party vendor invoices. These accruals are made based on trends, history and knowledge of activities. Actual results may be different. The Company makes monthly estimates of its water treatment costs, with a true-up to the annual invoice received from the Idaho Department of Environmental Quality (“IDEQ”). Using the actual costs in the annual invoice, the Company then reassesses its estimate for future periods. Given the nature, complexity and variability of the various actual cost items included in the invoice, the Company has used the most recent invoice as its estimate of the water treatment costs for future periods. Convertible loans, promissory notes and warrants Estimating the fair value of derivative warrant liability and conversion feature derivative liability requires determining the most appropriate valuation model, which is dependent on the terms and conditions of the issuance. This estimate also requires determining the most appropriate inputs to the valuation model including the expected life of the warrants and conversion feature derivative liability, volatility and dividend yield and making assumptions about them. The assumptions and models used for estimating fair value of warrants and conversion feature derivative liability are disclosed in notes 8 and 10. The fair value estimates may differ from actual fair values and these differences may be significant and could have a material impact on the Company’s balance sheets and the consolidated statements of operations. Assets are reviewed for an indication of impairment at each reporting date. This determination requires significant judgment. Factors that could trigger an impairment review include, but are not limited to, significant negative industry or economic trends, interruptions in exploration activities or a significant drop in precious metal prices. Reclassifications Certain reclassifications have been made to conform prior year’s data to the current presentation. The reclassifications have no effect on the results of reported operations or stockholders’ deficit or cash flows. Concentrations of credit risk The Company’s financial instruments that are exposed to concentrations of credit risk primarily consist of its cash. The Company places its cash 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. Risks and uncertainties The Company operates in the mineralized material exploration industry that is subject to significant risks and uncertainties, including financial, operational, and other risks associated with operating a mineralized material exploration business, including the potential risk of business failure. Foreign currency transactions The Company from time to time will receive invoices from service providers that are presenting their invoices using the Canadian dollar. The Company will use its U.S. dollars to settle the Canadian dollar liabilities and any differences resulting from the exchange transaction are reported as gain or loss on foreign exchange. Convertible loans and promissory notes payable The Company reviews the terms of its convertible loans and promissory notes payable to determine whether there are embedded derivatives, including the embedded conversion option, that are required to be bifurcated and accounted for as individual derivative financial instruments. In circumstances where the convertible debt or the promissory note contains embedded derivatives that are to be separated from the host contracts, the total proceeds received are first allocated to the fair value of the derivative financial instruments determined using the binomial model. The remaining proceeds, if any, are then allocated to the debenture cost contracts, usually resulting in those instruments being recorded at a discount from their principal amount. This discount is accreted over the expected life of the instruments to profit (loss) using the effective interest method. The debenture host contracts are subsequently recorded at amortized cost at each reporting date, using the effective interest method. The embedded derivatives are subsequently recorded at fair value at each reporting date, with changes in fair value recognized in profit (loss). The Company presents its embedded derivatives and related debenture host contracts as separate instruments on the consolidated balance sheets. Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Year Ended December 31, 2021, Six Months Ended December 31, 2020 and Year Ended June 30, 2020 (Expressed in United States Dollars) |
Plant & Equipment
Plant & Equipment | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Property, Plant and Equipment [Abstract] | ||
Plant & Equipment | 3. Plant & Equipment Equipment consists of the following: Schedule of Equipment September 30, December 31, 2022 2021 Equipment $ 920,571 $ 603,972 Equipment, gross 920,571 603,972 Less accumulated depreciation (326,983 ) (207,078 ) Equipment, net $ 593,588 $ 396,894 The total depreciation expense for equipment during the three and nine months ended September 30, 2022 was $ 42,814 119,905 34,565 98,961 Process Plant Purchase from Teck Resources Limited On May 13, 2022, the Company completed purchase of a comprehensive package of equipment and parts inventory from Teck Resources Limited (“Teck”). The package comprises substantially all processing equipment of value located at the Pend Oreille mine site, including complete crushing, grinding and flotation circuits suitable for a planned ~1,500 ton-per-day operation at the Bunker Hill site, and total inventory of nearly 10,000 components and parts for mill, assay lab, conveyer, field instruments, and electrical spares. - The purchase of the mill has been valued at: - Cash consideration given, comprised of $ 500,000 231,000 731,000 - Value of common shares issued on May 13, 2022 at the market price of that day, a value of $ 1,970,264 - Fair value of the warrants issued together with the inputs, as determined by a binomial model, resulted in a fair value of $ 1,273,032 - As a result, the total value of the mill purchase was determined to be $ 3,974,296 Bunker Hill Mining Corp. Notes to the Condensed Interim Consolidated Financial Statements (Unaudited) Three and Nine Months Ended September 30, 2022 (Expressed in United States Dollars) The process plant was purchased in an assembled state in the seller’s location, and included major processing systems, significant components, and a large inventory of spare parts. The Company has disassembled and transported it to the Bunker Hill site, and will be reassembling it as an integral part of the Company’s future operations. The Company determined that the transaction should be accounted for as an asset acquisition, with the process plant representing a single asset, with the exception of the inventory of spare parts, which has been separated out and appears on the balance sheet as a current asset in accordance with a preliminary purchase price allocation. As the plant is demobilized, transported and reassembled, installation and other costs associated with these activities will be captured and capitalized as components of the asset. At September 30, 2022, the asset consists of the following: Schedule of Plant Asset Consists September 30, 2022 Deposit paid $ 500,000 Sales tax paid 231,000 Value of shares issued 1,970,264 Value of warrants issued 1,273,032 Total plant & inventory purchased 3,974,296 Site preparation costs 619,172 Demobilization 1,806,229 Less spare parts inventory (341,003 ) Pend Oreille plant asset, net $ 6,058,694 Additionally, at September 30, 2022, the Company has paid a refundable deposit of $ 1,000,000 Ball Mill upgrade On August 30, 2022, the Company entered into an agreement to purchase a ball mill from D’Angelo International LLC for $ 675,000 $ 100,000 $ 100,000 $ 475,000 At September 30, 2022, the Company paid $ 100,000 | 4. Equipment Plant & Equipment Equipment consists of the following: Schedule of Equipment December 31, 2021 December 31, 2020 Equipment $ 603,972 $ 509,279 Equipment, gross 603,972 509,279 Less accumulated depreciation (207,078 ) (73,552 ) Equipment, net $ 396,894 $ 435,727 The total depreciation expense during the year ended December 31, 2021 was $ 133,526 (six months ended December 31, 2020 - $ 52,784 and the year ended June 30, 2020 - $ 17,577 ). |
Right-of-Use Asset
Right-of-Use Asset | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 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 September 30, December 31, 2022 2021 Office lease $ 319,133 319,133 Less accumulated depreciation (319,133 ) (266,780 ) Right-of-use asset, net $ - $ 52,353 The total depreciation expense for the right-of-use asset during the three and nine months ended September 30, 2022 was $ nil 52,353 26,594 79,783 Bunker Hill Mining Corp. Notes to the Condensed Interim Consolidated Financial Statements (Unaudited) Three and Nine Months Ended September 30, 2022 (Expressed in United States Dollars) | 5. Right-of-use asset Right-of-Use Asset Right-of-use asset consists of the following: Schedule of Right-of-use Asset December 31, 2021 December 31, 2020 Office lease $ 319,133 319,133 Less accumulated depreciation (266,780 ) (160,402 ) Right-of-use asset, net $ 52,353 $ 158,731 The total depreciation expense during the year ended December 31, 2021 was $ 106,378 54,024 106,378 |
Mining Interests
Mining Interests | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Extractive Industries [Abstract] | ||
Mining Interests | 5. Mining Interests Bunker Hill Mine Complex The Company purchased the Bunker Hill Mine (the “Mine”) in January 2022, as described below. Prior to purchasing the Mine, the Company had entered into a series of agreements with Placer Mining Corporation (“Placer Mining”), the prior owner, for the lease and option to purchase the Mine. The first of these agreements was announced on August 28, 2017, with subsequent amendments and/or extensions announced on November 1, 2019, July 7, 2020, and November 20, 2020. Under the terms of the November 20, 2020 amended agreement (the “Amended Agreement”), a purchase price of $ 7,700,000 5,700,000 300,000 2,000,000 2,000,000 3,400,000 2,000,000 The Amended Agreement also required payments pursuant to an agreement with the EPA whereby for so long as the Company leases, owns and/or occupies the Mine, the Company would make payments to the EPA on behalf of Placer Mining in satisfaction of the EPA’s claim for historical water treatment cost recovery in accordance with the Settlement Agreement reached with the EPA in 2018. Immediately prior to the purchase of the Mine, the Company’s liability to EPA in this regard totaled $ 11,000,000 The Company completed the purchase of the Mine on January 7, 2022. The terms of the purchase price were modified to $ 5,400,000 3,400,000 2,000,000 8,000,000 The $ 5,400,000 7,700,000 2,000,000 300,000 Schedule of Mining Interests January 7, 2022 Contract purchase price $ 7,700,000 Less: Credit by seller for prior maintenance payments (300,000 ) Net present value of water treatment cost recovery liability assumed 6,402,425 Closing costs capitalized 2,638 Mine acquisition costs - legal 442,147 Total carrying cost of mine $ 14,247,210 Management has determined the purchase to be an acquisition of a single asset as guided by ASU 805-10. During the three and nine months ended September 30, 2022, the Company has spent an additional $ 356,149 356,149 Land Purchase On March 3, 2022, the Company purchased a 225-acre surface land parcel for $ 202,000 | 6. 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 $ 1,000,000 500,000 100,000 Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Year Ended December 31, 2021, Six Months Ended December 31, 2020 and Year Ended June 30, 2020 (Expressed in United States Dollars) 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 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 monthly payments were reduced to $ 60,000 per month for 12 months, with the accumulated reduction in payments of $ 140,000 per month (“deferred payments”) being accrued. 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 3,400,000 2,000,000 As at December 31, 2021 and 2020, the Company accrued for a total of $nil for each year (June 30, 2020 - $ 1,847,300 Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Year Ended December 31, 2021, Six Months Ended December 31, 2020 and Year Ended June 30, 2020 (Expressed in United States Dollars) Purchase of the Bunker Hill Mine: In December 2021, the Company announced its intention to purchase the mine complex, which was consummated subsequent to the close of the period. With the execution of the EPA settlement agreement amendment described below and the expected receipt of $ 8,000,000 proceeds from the Royalty Convertible Debenture, the Company has contracted to purchase the Bunker Hill Mine from Placer Mining Corp. and a definitive agreement has been signed by both parties. The terms of the purchase were modified to a purchase price of $ 7,700,000 300,000 2,000,000 5,400,000 in cash, from $ 3,400,000 of cash and $ 2,000,000 of common shares in the Company. Purchase of the mine consists of over 400 patented mining claims and 5,800 acres of private land. Closing of the transaction occurred in January 2022, concurrent with funding of the Royalty Convertible Debenture, approval of the transaction by Placer Mining Corp. shareholders, and satisfaction of other closing conditions. See Note 16, Subsequent Events. Environmental Protection Agency Agreement: In addition to the payments to Placer Mining described above, 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 Not paid November 1, 2022 $ 3,000,000 November 1, 2023 $ 3,000,000 November 1, 2024 $ 2,000,000 The total unpaid EPA cost recovery payments under the agreement was $ 11,000,000 8,000,000 5,000,000 In addition to these cost recovery payments, the Company is to make semi-annual payments of $ 480,000 on June 1 and December 1 of each year, to cover the EPA’s costs of operating and maintaining the water treatment facility that treats the water being discharged from the Bunker Hill Mine. The Company also has received invoices from the EPA for additional water treatment charges for the periods from December 2017 to May 2021, and has accrued costs for estimated water treatment costs through December 31, 2021. A total of $ 5,110,706 was outstanding as at December 31, 2021 (December 31, 2020 - $ 3,136,050 and June 30, 2020 - $ 2,309,388 , respectively). In December 2021, the Company entered into a Settlement Amendment, described below, under which a payment of $ 2,963,111 would be made toward water treatment liabilities, representing the balance of liabilities owed for the 2020 and earlier invoices, net of payments made through the end of September 2021. In consultation with the EPA, the Company has committed to meet this obligation by 180 days from the effective date of the Amended Settlement Agreement. The unpaid EPA balance is subject to interest at the rate specified for interest on investments of the EPA Hazardous Substance Superfund, which was 0.10 % at December 31, 2021. As at December 31, 2021, the interest accrued on the unpaid EPA balance was $ 306,502 (December 31, 2020 - $ 162,540 and June 30, 2020 - $ 89,180 , respectively). During the year ended December 31, 2021, the Company has accrued an estimate for additional water treatment charges based on an invoice received covering the period of November 2019 to October 2020 and a further invoice covering the period of November 2020 to May 2021. The Company believes that the charges in this latter invoice, of approximately $ 165,000 per month, represent the best estimate of unbilled charges for the period of June 2021 to December 2021, and has accrued for these charges accordingly. Net of a total of $ 880,000 cash payments made to the EPA during the year, the total accrual for EPA water treatment charges is $ 5,110,706 as of December 31, 2021, before consideration of unpaid cost recovery payments. The Company has included all unpaid and accrued EPA payments and accrued interest in accounts payable and accrued liabilities, totaling $ 16,417,208 due to the EPA at December 31, 2021 (December 31, 2020 - $ 11,298,594 and June 30, 2020 - $ 7,915,235 , respectively). For the year ended December 31, 2021, water treatment costs of $ 5,998,615 3,873,359 5,905,235 EPA Settlement Agreement Amendment: In December 2021, in conjunction with its intention to purchase the mine complex, the Company entered into an amended Settlement Agreement (the “Amendment”) between the Company, Idaho Department of Environmental Quality, US Department of Justice and the EPA, modifying the payment schedule and payment terms for recovery of historical environmental response costs at Bunker Hill Mine incurred by the EPA. With the purchase of the mine subsequent to the end of the period, the remaining payments of the EPA cost recovery liability would be assumed by the Company, resulting in a total of $ 19,000,000 liability to the Company, an increase of $ 8,000,000 . The new payment schedule includes a $ 2,000,000 payment to the EPA within 30 days of execution of this amendment, which was paid subsequent to December 31, 2021. The remaining $ 17,000,000 will be paid on the following dates: Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Year Ended December 31, 2021, Six Months Ended December 31, 2020 and Year Ended June 30, 2020 (Expressed in United States Dollars) Schedule of Payments for Mining Date Amount November 1, 2024 $ 3,000,000 November 1, 2025 $ 3,000,000 November 1, 2026 $ 3,000,000 November 1, 2027 $ 3,000,000 November 1, 2028 $ 3,000,000 November 1, 2029 $ 2,000,000 The resumption of payments in 2024 were agreed in order to allow the Company to generate sufficient revenue from mining activities at the Bunker Hill Mine to address remaining payment obligations from free cash flow. In addition to the cost recovery payments outlined above, the Amendment includes payment for outstanding water treatment costs that have been incurred over the period from 2018 through October 2020. This approximately $ 2,900,000 payment would be made within 90 days of the execution of the Amendment. On March 22, 2022, the Company reported that in consultation with the EPA, it has committed to meet the approximately $ 2,900,000 The changes in payment terms and schedule, are contingent upon the Company securing Financial Assurance in the form of performance bonds or letters of credit deemed acceptable to the EPA totaling $ 17,000,000 As at December 31, 2021, the Company had not secured the interim financial assurance, and therefore the contingency had not been removed or satisfied. Further, as of the date of this filing, the financial assurance has not been secured, and as a result, the liability to the EPA is accounted for with no effectivity of the Amendment, with the liabilities each reflected as current liabilities. See Note 16, Subsequent Events. |
Convertible loan payable
Convertible loan payable | 12 Months Ended |
Dec. 31, 2021 | |
Debt Disclosure [Abstract] | |
Convertible loan payable | 7. 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 convertible loan in the aggregate sum of $ 1,500,000 10 one year 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 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 1,500,000 8.50 229,464 8.50 500,000 4.50 116,714 4.50 Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Year Ended December 31, 2021, Six Months Ended December 31, 2020 and Year Ended June 30, 2020 (Expressed in United States Dollars) During the year ended June 30, 2019, Hummingbird agreed to extend the scheduled maturity date of the loan to June 30, 2020 1,195,880 In June 2019, the Company settled $ 100,000 2,660,000 8,193 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 23,376 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 marks to market at each financial reporting period. As at December 31, 2020, the fair values of the conversion feature and warrants were $nil (June 30, 2020 - $nil). Accretion expense for the six months ended December 31, 2020 was $ nil 146,266 16 Interest expense for the six months ended December 31, 2020 was $ 118,767 179,726 nil 381,233 Schedule of Convertible Loan Outstanding Interest Payable Amount Balance, June 30, 2019 $ 1,744,327 Accretion expense 146,266 Loss on loan extinguishment 9,407 Partial extinguishment (300,000 ) Balance, June 30, 2020 $ 1,600,000 Loan extinguishment (1,600,000 ) Balance, December 31, 2020 $ - |
Promissory notes payable
Promissory notes payable | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Debt Disclosure [Abstract] | ||
Promissory notes payable | 7. Promissory Note Payable and Convertible Debentures On September 22, 2021, the Company issued a non-convertible promissory note in the amount of $ 2,500,000 15 March 15, 2022 500,000 500,000 202,000 1,500,000 56,712 224,589 8,219 8,219 327,329 102,740 Project Finance Package with Sprott Private Resource Streaming & Royalty Corp. On December 20, 2021, the Company executed a non-binding term sheet outlining a $ 50,000,000 The non-binding term sheet with SRSR outlined a $ 50,000,000 8,000,000 5,000,000 37,000,000 6,000,000 51,000,000 Bunker Hill Mining Corp. Notes to the Condensed Interim Consolidated Financial Statements (Unaudited) Three and Nine Months Ended September 30, 2022 (Expressed in United States Dollars) On June 17, 2022, the Company consummated a new $ 15,000,000 66,000,000 $8,000,000 Royalty Convertible Debenture (RCD) The Company closed the $ 8,000,000 9.0 1.85 Concurrent with the funding of the CD2 in June 2022, the Company and SRSR agreed to a number of amendments to the terms of the RCD, including an amendment of the maturity date from July 7, 2023 to March 31, 2025. 8,000,000 $6,000,000 Series 1 Convertible Debenture (CD1)) The Company closed the $ 6,000,000 5,000,000 7.5 0.30 Concurrent with the funding of the CD2 in June 2022, the Company and SRSR agreed to a number of amendments to the terms of the CD1, including that the maturity date would be amended from July 7, 2023 to March 31, 2025 179,046 $15,000,000 Series 2 Convertible Debenture (CD2) The Company closed the $ 15,000,000 10.5 March 31, 2025 2,000,000 9,000,000 In light of the Series 2 Convertible Debenture financing, the previously permitted additional senior secured indebtedness of up to $ 15 The Company determined that in accordance with ASC 815, each debenture will be valued and carried as a single instrument, with the periodic changes to fair value accounted through earnings, profit and loss. Bunker Hill Mining Corp. Notes to the Condensed Interim Consolidated Financial Statements (Unaudited) Three and Nine Months Ended September 30, 2022 (Expressed in United States Dollars) Consistent with the approach above, the following table summarizes the key valuation inputs as at applicable valuation dates: Schedule of Key Valuation Inputs Reference (2)(4) (5) Valuation date Maturity date Contractual Stock price (US$) Expected equity volatility Credit spread Risk-free rate Risk- adjusted rate CD1 note (1)(3) 01-28-22 07-07-23 7.50 % 0.230 120 % 8.70 % 0.92 % 16.18 % RCD note (stream not advanced scenario) 01-07-22 07-07-23 9.00 % 0.242 130 % 9.21 % 0.65 % 16.39 % RCD note (stream advanced) scenario 01-07-22 06-30-22 9.00 % 0.242 130 % 9.16 % 0.23 % 15.96 % CD1 note (1)(3) 03-31-22 07-07-23 7.50 % 0.235 120 % 8.85 % 1.80 % 17.12 % RCD note (stream not advanced scenario) 03-31-22 07-07-23 9.00 % 0.235 120 % 8.85 % 1.80 % 17.12 % RCD note (stream advanced) scenario 03-31-22 06-30-22 9.00 % 0.235 120 % 8.78 % 0.52 % 15.88 % CD2 note 06-17-22 03-31-25 10.50 % 0.222 120 % 9.45 % 3.28 % 20.95 % CD2 note 06-30-22 03-31-25 10.50 % 0.225 120 % 10.71 % 2.95 % 21.78 % CD1 note 06-30-22 03-31-25 7.50 % 0.233 120 % 10.71 % 2.95 % 19.89 % RCD note (stream not advanced scenario) 06-30-22 03-31-25 9.00 % 120 % 10.71 % 2.95 % 19.89 % RCD note (stream advanced) scenario 06-30-22 09-30-22 9.00 % 120 % 10.85 % 1.72 % 18.89 % CD1 note 09-30-22 03-31-25 7.50 % 0.085 120 % 13.31 % 4.19 % 23.35 % RCD note (stream not advanced) 09-30-22 03-31-25 9.00 % 0.085 120 % 13.31 % 4.19 % 23.35 % RCD note (stream advanced) 09-30-22 11-30-22 9.00 % 0.085 120 % 13.85 % 3.04 % 22.79 % CD2 note 09-30-22 03-31-25 10.50 % 0.085 120 % 13.31 % 4.19 % 25.21 % (1) The CD’s carries a Discount for Lack of Marketability (“DLOM”) of 5.0 (2) CD1 and RCD carry an instrument-specific spread of 7.23 9.32 (3) The conversion price of the CD1 is $ 0.219 0.212 (4) A project risk rate of 13.0 (5) The probabilities for the stream being advanced and the stream not being advanced is 59 41 The resulting fair values of the CD1, RCD, and CD2 at the issuance dates, June 30, 2022, and as of September 30, 2022 were as follows: Schedule of Fair Value Derivative Liability Instrument Description Issuance date CD1 and RCD Issuance date CD2 March 31, June 30, September 30, CD1 $ 6,320,807 $ - $ 6,303,567 $ 5,633,253 $ 4,892,435 RCD 7,679,193 - 7,886,743 7,078,596 7,359,776 CD2 - 15,000,000 - 14,176,578 12,710,097 Total $ 14,000,000 $ 15,000,000 $ 14,190,310 $ 26,888,427 $ 24,962,308 The total gain on fair value of debentures recognized during the three and nine months ended September 30, 2022 was $ 1,301,069 3,041,056 625,050 996,636 The Company performs quarterly testing of the covenants in the RCD, CD1 and CD2, and was in compliance with all such covenants as of September 30, 2022. Bunker Hill Mining Corp. Notes to the Condensed Interim Consolidated Financial Statements (Unaudited) Three and Nine Months Ended September 30, 2022 (Expressed in United States Dollars) The Stream A minimum of $ 27,000,000 37,000,000 If the Company draws the maximum funding of $ 37,000,000 Concurrent with the funding of the CD2 in June 2022, the Company and SRSR agreed that the minimum quantity of metal delivered under the Stream, if advanced, will increase by 10 | 8. Promissory notes payable (i) On November 13, 2019, the Company issued a promissory note in the amount of $ 300,000 1 400,000 one 0.80 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 28,939 822,857 335,467 Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Year Ended December 31, 2021, Six Months Ended December 31, 2020 and Year Ended June 30, 2020 (Expressed in United States Dollars) 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. Schedule of Fair Value of Derivative Warrant Liability Assumptions November 2019 issuance December 31, 2020 Maturity at November 13, 2021 Expected life 317 0 Volatility 100 % 100 % Risk free interest rate 0.64 % 0.30 % Dividend yield 0 % 0 % Share price $ 0.41 $ 0.18 Fair value $ 40,999 Nil Change in derivative liability $ (40,999 ) April 2020 issuance December 31, 2020 Maturity at November 13, 2021 Expected life 317 0 Volatility 100 % 100 % Risk free interest rate 0.27 % 0.30 % Dividend yield 0 % 0 % Share price $ 0.41 $ 0.18 Fair value $ 58,373 Nil Change in derivative liability $ (58,373 ) Accretion expense for the year ended December 31, 2021 was $ nil 51,522 155,001 16 Interest expense for the year ended December 31, 2021 was $ nil 5,600 22,700 Schedule of Promissory Notes Outstanding Interest Payable Amount Balance, June 30, 2019 $ - Proceeds on issuance 300,000 Warrant valuation (206,523 ) Accretion expense 155,001 Balance, June 30, 2020 $ 248,478 Accretion expense 51,522 Debt settlement (189,342 ) Repayment (110,658 ) Balance, December 31, 2020 $ - (ii) On December 31, 2019, the Company issued a promissory note in the amount of $ 82,367 107,000 (iii) On January 29, 2020, the Company issued a promissory note in the amount of $ 75,727 100,000 (iv) On May 12, 2020, the Company issued a promissory note in the amount of $ 362,650 500,000 89,190 47,737 41,453 7 Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Year Ended December 31, 2021, Six Months Ended December 31, 2020 and Year Ended June 30, 2020 (Expressed in United States Dollars) (v) On May 12, 2020, the Company issued a promissory note in the amount of $ 141,704 200,000 35,676 714,285 291,203 19,129 16,547 8 (vi) On June 30, 2020, the Company issued a promissory note in the amount of $ 75,000 15,000 nil 15,000 (vii) On June 30, 2020, the Company issued a promissory note in the amount of $ 75,000 nil 15,000 (viii) On July 13, 2020, the Company issued a promissory note in the amount of $ 1,200,000 360,000 360,000 nil (viii) On September 22, 2021, the Company issued a non-convertible promissory note in the amount of $ 2,500,000 bearing interest of 15 % per annum and payable at maturity. The promissory note was scheduled to mature on the earlier of March 15, 2022 ; however, the note holder agreed to accept $ 500,000 payment by April 15, 2022, and the remaining principal and interest was deferred to June 20, 2022. See Note 16 Subsequent Events concerning a financing anticipated to close on March 31, 2022. The Company purchased a land parcel for approximately $ 200,000 subsequent to December 31, 2021, which may be used as security for the promissory note. Interest expense for the year ended December 31, 2021 was $ 102,740 , which is reflected in Interest payable on the Company’s balance sheet at December 31, 2021. $50,000,000 Project Finance Package On December 20, 2021, the Company executed a non-binding term sheet with Sprott Resource Streaming and Royalty (“SRSR”) and other investors outlining a $ 50,000,000 project finance package that the Company expects to fulfill the majority of its funding requirements to restart the mine and reach commercial production in mid-2023. The package consists of an $ 8,000,000 5,000,000 37,000,000 (collectively, the “Stream”). Subject to settlement of definitive documentation with SRSR, the $ 8,000,000 was advanced under the Royalty Convertible Debenture in January 2022. These proceeds funded the purchase of the Bunker Hill Mine and near-term working capital requirements, including a $ 2,000,000 payment to the EPA in January 2022. The Royalty Convertible Debenture will initially bear interest at an annual rate of 9.0 %, payable in cash or shares at the Company’s option, until such time that SRSR elects to convert it into a Royalty, with such conversion option expiring at the earlier of advancement of the Stream or 18 months. In the event of conversion, the Royalty Convertible Debenture will cease to exist and the Company will grant a Royalty for 1.85 % of life-of-mine gross revenue from mining claims considered to be historically worked, contiguous to current accessible underground development, and covered by the Company’s 2021 ground geophysical survey. A 1.35% rate will apply to claims outside of these areas. The Royalty Convertible Debenture will initially be secured by a share pledge of the Company’s operating subsidiary, until such time that a full security package is put in place. In the event of non-conversion, the principal of the Royalty Convertible Debenture will be repayable in cash. Subject to settlement of definitive documentation with SRSR and other investors, the $ 5,000,000 was increased to $ 6,000,000 , and was advanced under the Convertible Debenture, also in January 2022. These proceeds will fund capital expenditures and working capital requirements in Q1 2022. The Convertible Debenture will bear interest at an annual rate of 7.5 %, payable in cash or shares at the Company’s option, and a maturity of 18 months from the closing of the Royalty Convertible Debenture. Until the closing of the Stream, the Convertible Debenture is convertible into shares of the Company at a share price of CAD 0.30 per share. Alternatively, SRSR may elect to retire the Convertible Debenture with the cash proceeds of the Stream. The Company may elect to re-pay the Convertible Debenture early; if SRSR elects not to exercise its conversion option at such time, a minimum of 12 months of interest would apply. Subject to SRSR internal approvals, further technical and other diligence (including confirmation of full project funding by an independent engineer appointed by SRSR), and satisfactory definitive documentation, the Company expects to close the Stream concurrent with a formal construction decision being made by Q2 2022. A minimum of $ 27,000,000 and a maximum of $ 37,000,000 (the “Stream Amount”) will be made available under the Stream, at the Company’s option, once the conditions for availability of the Stream have been satisfied. Assuming the maximum funding of $37,000,000 is drawn, the Stream would apply to 10% of payable metals sold until a minimum quantity of metal is delivered consisting of, individually, 55 million pounds of zinc, 35 million pounds of lead, and 1 million ounces of silver. Thereafter, the Stream would apply to 2% of payable metals sold. If the Company elects to draw less than $37,000,000 under the Stream, the percentage and quantities of payable metals streamed will adjust pro-rata. The delivery price of streamed metals will be 20% of the applicable spot price. Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Year Ended December 31, 2021, Six Months Ended December 31, 2020 and Year Ended June 30, 2020 (Expressed in United States Dollars) The Company may buy back 50% of the Stream Amount at a 1.40x multiple of the Stream Amount between the second and third anniversary of the date of funding, and at a 1.65x multiple of the Stream Amount between the third and fourth anniversary of the date of funding. The Company will be permitted to incur additional indebtedness of $ 15,000,000 13,000,000 The Royalty Convertible Debenture and Convertible Debenture closed subsequent to the end of the year. See Note 16 Subsequent Events. In support of plans to rapidly restart the Mine, the Company worked systematically through 2020 and 2021 to delineate mineral resources and conduct various technical studies. Executing this strategy may require securing additional financing, which may include additional indebtedness of $ 15,000,000 13,000,000 |
Lease Liability
Lease Liability | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Lease Liability | ||
Lease Liability | 8. Lease Liability The Company had an operating lease for office space that expired in May 2022. Below is a summary of the Company’s lease liability as of September 30, 2022: Schedule of Operating Lease Liability Office lease Balance, December 31, 2020 $ 176,607 Addition - Interest expense 12,696 Lease payments (129,191 ) Foreign exchange loss 2,165 Balance, December 31, 2021 62,277 Addition - Interest expense 1,834 Lease payments (64,828 ) Foreign exchange loss 717 Balance, September 30, 2022 $ - | 9. Lease liability Lease Liability The Company has an operating lease for office space that expires in 2022. Below is a summary of the Company’s lease liability as of December 31, 2021: Schedule of Operating Lease Liability Office lease Balance, December 31, 2019 $ 274,981 Addition - Interest expense 22,156 Lease payments (123,098 ) Foreign exchange gain 2,568 Balance, December 31, 2020 176,607 Addition - Interest expense 12,696 Lease payments (129,191 ) Foreign exchange loss 2,165 Balance, December 31, 2021 62,277 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 $ 81,025 $ - $ - $ 81,025 Additional rent 75,030 - - 75,030 $ 156,055 $ - $ - $ 156,055 The monthly rental expenses are offset by rental income obtained through a series of short-term subleases held by the Company. |
Capital Stock, Warrants and Sto
Capital Stock, Warrants and Stock Options | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Equity [Abstract] | ||
Capital Stock, Warrants and Stock Options | 9. Capital Stock, Warrants and Stock Options Authorized The total authorized capital is as follows: ● An increase to 1,500,000,000 0.000001 ● 10,000,000 0.000001 Issued and outstanding 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 154,630 351,000 0.40 Bunker Hill Mining Corp. Notes to the Condensed Interim Consolidated Financial Statements (Unaudited) Three and Nine Months Ended September 30, 2022 (Expressed in United States Dollars) The Company also issued 417,720 132,000 0.45 56,146 In April 2022, the Company closed a private placement of 37,849,325 1,471,664 9,384,622 11,796,297 4,809,160 The Special Warrants were issued at a price of C$ 0.30 0.37 On May 31, 2022, the Company announced that it had received a receipt from the Ontario Securities Commission for its final short-form Canadian prospectus qualifying the distribution of the common stock of the Company and common stock purchase warrants of the Company issuable upon exercise of the special warrants of the Company that were issued on April 1, 2022. The Company also announced that it received notice from the United States Securities and Exchange Commission that its Form S-1 has been declared effective as of May 27, 2022. As a result of obtaining the receipt for the Canadian prospectus and the declaration of effectiveness for the Form S-1, each unexercised Special Warrant was automatically exercised into one Common Share and one Warrant without further action on the part of the holders. The non-brokered 1,471,664 0.30 0.37 In connection with the special warrants offering, the agents earned a cash commission in the amount of C$563,968 and compensation options exercisable to acquire an aggregate of 1,879,892 0.30 0.37 In April 2022, the Company issued 1,315,856 In May 2022, the Company issued 10,416,667 0.245 0.37 In June 2022, the Company issued 1,218,000 0.37 In July 2022, the Company issued 1,975,482 Bunker Hill Mining Corp. Notes to the Condensed Interim Consolidated Financial Statements (Unaudited) Three and Nine Months Ended September 30, 2022 (Expressed in United States Dollars) For each financing, the Company has accounted for the warrants in accordance with ASC Topic 815. The warrants are considered derivative instruments as they were issued in a currency other than the Company’s functional currency of the U.S. dollar. The estimated fair value of warrants accounted for as liabilities was determined on the date of issue and marks to market at each financial reporting period. The change in fair value of the warrant is recorded in the unaudited condensed interim consolidated statements of income and comprehensive income as a gain or loss and is estimated using the Binomial model. The warrant liabilities as a result of the June 2019, August 2019, August 2020, February 2021, April 2022 special warrants, April 2022 non-brokered, May 2022 Teck purchase, and June 2022 contractor private placements were revalued as at September 30, 2022, issuance date in 2022, and December 31, 2021 using the Binomial model and the following assumptions: Schedule of Estimated Using the Binomial Model to Determine the Fair Value of Warrant Liabilities April 2022 special warrants issuance September 30, April 1, Expected life 914 1,096 Volatility 120 % 120 % Risk free interest rate 3.72 % 2.35 % Dividend yield 0 % 0 % Share price (C$) $ 0.115 $ 0.29 Fair value $ 1,488,348 $ 5,947,232 Change in derivative liability $ (4,458,884 ) $ - April 2022 non-brokered issuance September 30, April 1, Expected life 914 1,096 Volatility 120 % 120 % Risk free interest rate 3.72 % 2.35 % Dividend yield 0 % 0 % Share price (C$) $ 0.115 $ 0.29 Fair value $ 57,869 $ 186,190 Change in derivative liability $ (128,321 ) $ - May 2022 Teck issuance September 30, May 13, Expected life 956 1,096 Volatility 120 % 120 % Risk free interest rate 3.72 % 2.68 % Dividend yield 0 % 0 % Share price (C$) $ 0.115 $ 0.25 Fair value $ 424,053 $ 1,273,032 Change in derivative liability $ (848,979 ) $ - June 2022 issuance September 30, June 30, Expected life 914 1,006 Volatility 120 % 120 % Risk free interest rate 3.72 % 3.14 % Dividend yield 0 % 0 % Share price (C$) $ 0.115 $ 0.20 Fair value $ 47,895 $ 113,425 Change in derivative liability $ (65,530 ) $ - Bunker Hill Mining Corp. Notes to the Condensed Interim Consolidated Financial Statements (Unaudited) Three and Nine Months Ended September 30, 2022 (Expressed in United States Dollars) February 2021 issuance September 30, December 31, Expected life 1,228 1,501 Volatility 120 % 100 % Risk free interest rate 3.72 % 1.25 % Dividend yield 0 % 0 % Share price (C$) $ 0.115 $ 0.37 Fair value $ 829,987 $ 3,483,745 Change in derivative liability $ (2,653,758 ) $ (329,358 ) August 2020 issuance September 30, December 31, Expected life 335 608 Volatility 120 % 100 % Risk free interest rate 3.79 % 0.95 % Dividend yield 0 % 0 % Share price (C$) $ 0.115 $ 0.37 Fair value $ 484,745 $ 6,790,163 Change in derivative liability $ (6,305,419 ) $ (7,703,052) June 2019 issuance (i) September 30, December 31, Expected life 1,188 1,461 Volatility 120 % 100 % Risk free interest rate 3.72 % 1.02 % Dividend yield 0 % 0 % Share price (C$) $ 0.115 $ 0.37 Fair value $ 460,207 $ 2,067,493 Change in derivative liability $ (1,607,286 ) $ (1,371,346) (i) During the six months ended December 31, 2020, the Company amended the exercise price to C$ 0.59 December 31, 2025 11,660,000 August 2019 issuance (ii) September 30, December 31, Expected life 1,188 1,461 Volatility 120 % 100 % Risk free interest rate 3.72 % 1.02 % Dividend yield 0 % 0 % Share price (C$) $ 0.115 $ 0.37 Fair value $ 707,282 $ 3,177,485 Change in derivative liability $ (2,470,203 ) $ (2,744,785) (ii) During the six months ended December 31, 2020, the Company amended the exercise price to C$ 0.59 December 31, 2025 17,920,000 2,752,900 Warrants Schedule of Warrant Activity Weighted Weighted average average Number of exercise price grant date warrants (C$) value ($) Balance, December 31, 2020 95,777,806 $ 0.54 $ 0.08 Issued 19,994,080 0.60 0.19 Expired (2,913,308 ) 0.48 0.14 Balance, September 30, 2021 112,858,578 $ 0.55 $ 0.19 Balance, December 31, 2021 111,412,712 $ 0.54 $ 0.18 Issued 50,955,636 0.37 0.15 Expired (239,284 ) 0.70 0.21 Balance, September 30, 2022 162,129,064 $ 0.49 $ 0.17 During the nine months ended September 30, 2022, 239,284 Bunker Hill Mining Corp. Notes to the Condensed Interim Consolidated Financial Statements (Unaudited) Three and Nine Months Ended September 30, 2022 (Expressed in United States Dollars) At September 30, 2022, the following warrants were outstanding: Schedule of Warrants Outstanding Exercise Price Number of Exercise Number of warrants Expiry date price (C$) warrants exercisable August 31, 2023 0.50 58,284,148 58,284,148 December 31, 2025 0.59 32,895,200 32,895,200 February 9, 2026 0.60 17,112,500 17,112,500 February 16, 2026 0.60 2,881,580 2,881,580 April 1, 2025 0.37 40,358,969 40,358,969 May 13, 2025 0.37 10,416,667 10,416,667 162,129,064 162,129,064 Compensation options At September 30, 2022, the following compensation options were outstanding: Schedule of Compensation Options Weighted Number of average compensation exercise price options (C$) Issued - August 2020 Compensation Options 3,239,907 $ 0.35 Balance, December 31, 2020 3,239,907 0.35 Issued – February 2021 Compensation Options 351,000 0.35 Balance, December 31, 2021 3,590,907 0.35 Issued – April 2022 Compensation Options 1,879,892 0.30 Balance, September 30, 2022 5,470,799 $ 0.34 The grant date fair value of the August 2020 and February 2021, and April 2022 Compensation Options were estimated at $ 521,993 68,078 264,435 Schedule of Estimated Using Black-Scholes Valuation Model for Fair Value of Broker Options Grant Date Risk free interest rate Dividend yield Volatility Stock price Weighted average life August 2020 0.31 % 0 % 100 % C$ 0.35 3 February 2021 0.26 % 0 % 100 % C$ 0.40 3 April 2022 2.34 % 0 % 100 % C$ 0.30 2 Schedule of Broker Exercise Prices Exercise Number of Fair value Expiry date price (C$) broker options ($) August 31, 2023 (i) $ 0.35 3,239,907 $ 521,993 February 16, 2024 (ii) $ 0.40 351,000 $ 68,078 April 1, 2024 (iii) $ 0.30 1,879,892 $ 264,435 5,470,799 $ 854,506 (i) Exercisable into one August 2020 Unit (ii) Exercisable into one February 2021 Unit (iii) Exercisable into one April 2022 Unit Bunker Hill Mining Corp. Notes to the Condensed Interim Consolidated Financial Statements (Unaudited) Three and Nine Months Ended September 30, 2022 (Expressed in United States Dollars) Stock options The following table summarizes the stock option activity during the nine months ended September 30, 2022: Schedule of Stock Options Weighted average Number of exercise price stock options (C$) Balance, December 31, 2020 8,015,159 $ 0.62 Granted (i) 1,037,977 0.34 Balance, December 31, 2021 9,053,136 $ 0.58 Granted (ii) 300,000 0.15 Expired May 01, 2022 (47,500 ) Balance, September 30, 2022 9,305,636 $ 0.52 (i) On February 19, 2021, 1,037,977 273,271 764,706 5 0.335 204,213 43,941 160,750 (ii) On August 24, 2022, 300,000 150,000 5 0.15 28,930 14,465 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) 0.64 % 0 % 100 % C$ 0.34 5 (ii) On August 24, 2022, 300,000 150,000 150,000 5 0.15 28,930 14,465 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: Risk free interest rate Dividend yield Volatility Stock price Weighted average life (ii) 3.27 % 0 % 120 % C$ 0.15 5 The following table reflects the actual stock options issued and outstanding as of September 30, 2022: Schedule of Actual Stock Options Issued and Outstanding Number of remaining Number of options Exercise contractual options vested Grant date price (C$) life (years) outstanding (exercisable) fair value ($) 0.50 0.5 235,000 235,000 46,277 0.60 1.25 200,000 200,000 52,909 0.60 2.35 1,575,000 1,575,000 435,069 0.55 2.81 5,957,659 1,489,415 1,536,764 0.335 3.64 1,037,977 1,037,977 204,213 0.15 4.90 300,000 150,000 28,930 9,305,636 4,687,392 $ 2,304,162 | 10. Capital stock, warrants and stock options Capital Stock, Warrants and Stock Options Authorized The total authorized capital is as follows: ● 750,000,000 0.000001 ● 10,000,000 0.000001 On July 19, 2019, the Company amended its articles of incorporation to change the total authorized capital and the par values, which have been retrospectively applied in these consolidated financial statements. Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Year Ended December 31, 2021, Six Months Ended December 31, 2020 and Year Ended June 30, 2020 (Expressed in United States Dollars) 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 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 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 154,630 351,000 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 consolidated statement of operations and comprehensive loss as a gain or loss and is estimated using the Binomial model. 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 December 31, 2021: Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Year Ended December 31, 2021, Six Months Ended December 31, 2020 and Year Ended June 30, 2020 (Expressed in United States Dollars) Schedule of Estimated Using the Binomial Model to Determine the Fair Value of Warrant Liabilities February 2021 issuance February 9 and 16 2021 December 31, 2021 Expected life 1,826 1,501 Volatility 100 % 100 % Risk free interest rate 0.49 % 1.25 % Dividend yield 0 % 0 % Share price $ 0.27 0.29 $ 0.37 Fair value $ 3,813,103 $ 3,483,745 Change in derivative liability $ (329,358 ) 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 December 31, 2021 and December 31, 2020 using the Binomial model and the following assumptions: August 2020 issuance December 31, 2020 December 31, 2021 Expected life 973 608 Volatility 100 % 100 % Risk free interest rate 1.31 % 0.95 % Dividend yield 0 % 0 % Share price $ 0.41 $ 0.37 Fair value $ 14,493,215 $ 6,790,163 Change in derivative liability $ (7,703,052 ) August 2018 issuance December 31, 2020 December 31, 2021 Expected life 221 expired Volatility 100 % Nil % Risk free interest rate 1.23 % Nil % Dividend yield 0 % Nil % Share price $ 0.41 $ Nil Fair value $ 0 $ Nil Change in derivative liability $ Nil November 2018 issuance December 31, 2020 December 31, 2021 Expected life 332 expired Volatility 100 % Nil % Risk free interest rate 1.09 % Nil % Dividend yield 0 % Nil % Share price $ 0.41 $ Nil Fair value $ 52,540 $ Nil Change in derivative liability $ (52,540 ) June 2019 issuance (i) December 31, 2020 December 31, 2021 Expected life 1,826 1,461 Volatility 100 % 100 % Risk free interest rate 0.85 % 1.02 % Dividend yield 0 % 0 % Share price $ 0.41 $ 0.37 Fair value $ 3,438,839 $ 2,067,493 Change in derivative liability $ (1,371,346 ) (i) During the six months ended December 31, 2020, the Company amended the exercise price to C$ 0.59 December 31, 2025 11,660,000 Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Year Ended December 31, 2021, Six Months Ended December 31, 2020 and Year Ended June 30, 2020 (Expressed in United States Dollars) August 2019 issuance (ii) December 31, 2020 December 31, 2021 Expected life 213 1,826 1,461 Volatility 100 % 100 % Risk free interest rate 0.81 % 1.02 % Dividend yield 0 % 0 % Share price $ 0.41 $ 0.37 Fair value $ 5,922,270 $ 3,177,485 Change in derivative liability $ (2,744,785 ) (ii) During the six months ended December 31, 2020, the Company amended the exercise price to C$ 0.59 December 31, 2025 17,920,000 2,752,900 Warrants Schedule of Warrant Activity Weighted Weighted average average Number of exercise price grant date warrants (C$) value ($) Balance, June 30, 2019 13,046,484 $ 0.88 $ 0.28 Issued 27,360,284 0.27 0.03 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 $ 0.10 Issued 58,284,148 0.50 0.27 Expired (350,746 ) 14.84 5.97 Balance, December 31, 2020 95,777,806 $ 0.54 $ 0.18 Issued 19,994,080 0.60 0.19 Expired (4,359,174 ) 0.59 0.19 Balance, December 31, 2021 111,412,712 $ 0.54 $ 0.18 (i) During the year ended June 30, 2020, 2,332,900 0.25 583,225 417,006 871,710 (ii) During the six months ended December 31, 2020, the Company amended the exercise price to C$ 0.59 December 31, 2025 3,315,200 210,839 At December 31, 2021, the following warrants were outstanding: Schedule of Warrants Outstanding Exercise Price Number of Exercise Number of warrants Expiry date price (C$) warrants exercisable February 26, 2022 0.70 239,284 239,284 August 31, 2023 0.50 58,284,148 58,284,148 December 31, 2025 0.59 32,895,200 32,895,200 February 9, 2026 0.60 17,112,500 17,112,500 February 16, 2026 0.60 2,881,580 2,881,580 111,412,712 111,412,712 During the year ended December 31, 2021, 160,408 2,752,900 645,866 400,000 400,000 Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Year Ended December 31, 2021, Six Months Ended December 31, 2020 and Year Ended June 30, 2020 (Expressed in United States Dollars) Broker options At December 31, 2021, the following broker options were outstanding: Schedule of Broker Options Weighted Number of average broker exercise price options (C$) Balance, June 30, 2020 - $ - Issued - August 2020 Compensation Options 3,239,907 0.35 Balance, December 31, 2020 3,239,907 $ 0.35 Issued – February 2021 Compensation Options 351,000 0.40 Balance, December 31, 2021 3,590,907 0.35 (i) The grant date fair value of the August 2020 and February 2021 Compensation Options were estimated at $ 521,993 68,078 Schedule of Estimated Using Black-Scholes Valuation Model for Fair Value of Broker Options Grant Date Risk free interest rate Dividend yield Volatility Stock price Weighted average life August 2020 0.31 % 0 % 100 % C$ 0.35 3 February 2021 0.26 % 0 % 100 % C$ 0.40 3 Schedule of Warrants Outstanding Broker Option Exercise Prices Exercise Number of Expiry date price (C$) broker options Fair value ($) August 31, 2023 (i) $ 0.35 3,239,907 $ 521,993 February 16, 2024 (ii) $ 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 Stock options The following table summarizes the stock option activity during the year ended December 31, 2021, the six months ended December 31, 2020 and the year ended June 30, 2020: Schedule of Stock Options Weighted average Number of exercise price stock options (C$) Balance, June 30, 2019 287,100 $ 7.50 Granted (i)(ii) 7,532,659 0.56 Forfeited (239,600 ) 9.78 Balance, June 30, 2020 7,580,159 $ 0.62 Granted (iii)(iv) 435,000 0.55 Balance, December 31, 2020 8,015,159 $ 0.62 Granted (v) 1,037,977 0.34 Balance, December 31, 2021 9,053,136 $ 0.58 (i) On October 24, 2019, 1,575,000 5 0.60 435,069 50,909 74,949 309,211 Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Year Ended December 31, 2021, Six Months Ended December 31, 2020 and Year Ended June 30, 2020 (Expressed in United States Dollars) (ii) On April 20, 2020, 5,957,659 0.55 5 1,536,764 531,925 403,456 162,855 (iii) On September 30, 2020, 200,000 0.60 50 50 3 52,909 32,651 20,259 nil (iv) On October 30, 2020, 235,000 0.50 December 31, 2022 46,277 46,277 (v) On February 19, 2021, 1,037,977 stock options were issued to an officer of the Company, of which 273,271 stock options vested immediately and the balance of 764,706 stock options vested on December 31, 2021. These options have a 5 -year life and are exercisable at C$ 0.335 per common share. The grant date fair value of the options was estimated at $ 204,213 . The vesting of these options resulted in stock-based compensation of $ 204,213 for the year ended December 31, 2021, which is included in operation and administration expenses on the consolidated statements of income (loss) and comprehensive income (loss). 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) 0.26 % 0 % 100 % C$ 0.49 2.2 (v) 0.64 % 0 % 100 % C$ 0.34 5 The following table reflects the actual stock options issued and outstanding as of December 31, 2021: Schedule of Stock Option Issued and Outstanding Weighted average Number of remaining Number of options Exercise contractual options vested Grant date price (C$) life (years) outstanding (exercisable) fair value ($) $ 10.00 0.00 47,500 47,500 $ 258,013 0.50 0.03 235,000 235,000 46,277 0.60 0.04 200,000 200,000 52,909 0.60 0.49 1,575,000 1,575,000 435,069 0.55 2.17 5,957,659 1,489,415 1,536,764 0.335 0.47 1,037,977 1,037,977 204,213 9,053,136 4,584,892 $ 2,533,245 Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Year Ended December 31, 2021, Six Months Ended December 31, 2020 and Year Ended June 30, 2020 (Expressed in United States Dollars) |
Restricted Share Units
Restricted Share Units | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Share-Based Payment Arrangement [Abstract] | ||
Restricted Share Units | 11. 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 nine months ended September 30, 2022: Schedule of Restricted Share Units Weighted average grant date fair value Number of per share shares (C$) Unvested as at December 31, 2020 988,990 $ 0.39 Granted 1,348,434 0.38 Vested (1,516,299 ) 0.41 Forfeited (245,125 ) 0.52 Unvested as at December 31, 2021 576,000 $ 0.62 Granted 624,750 0.29 Vested (774,750 ) 0.40 Unvested as at September 30, 2022 426,000 $ 0.60 (i) On April 14, 2020, the Company granted 400,000 30,380 57,495 (ii) On April 20, 2020, the Company granted 200,000 10,452 19,796 (iii) On November 16, 2020, the Company granted 168,000 12,612 24,255 Bunker Hill Mining Corp. Notes to the Condensed Interim Consolidated Financial Statements (Unaudited) Three and Nine Months Ended September 30, 2022 (Expressed in United States Dollars) (iv) On December 6, 2020, the Company granted 220,990 nil 58,740 (v) On January 1, 2021, the Company granted 735,383 245,128 490,258 245,125 64,870 nil 265,101 (vi) On July 1, 2021, the Company granted 17,823 nil 4,026 (vii) On August 5, 2021, the Company granted 595,228 nil 100,022 (viii) On January 10, 2022, the Company granted 500,000 122,249 (ix) On April 29, 2022, the Company granted 76,750 16,800 (x) On June 30, 2022, the Company granted 15,000 2,328 (xi) On September 29, 2022 the Company granted 33,000 2,889 | 11. Restricted share units 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 year ended December 31, 2021, the six months ended December 31, 2020, and the year ended June 30, 2020: Schedule of Restricted Share Units Weighted average grant date fair value Number of per share shares (C$) Unvested as at June 30, 2019 - $ - Granted (i)(ii) 600,000 0.40 Vested - - Forfeited - - Unvested as at June 30, 2020 600,000 $ 0.40 Granted (iii)(iv) 388,990 0.39 Unvested as at December 31, 2020 988,990 $ 0.39 Granted 1,348,434 0.38 Vested (1,516,299 ) 0.41 Forfeited (245,125 ) 0.52 Unvested as at December 31, 2021 576,000 $ 0.62 (i) On April 14, 2020, the Company granted 400,000 71,829 55,135 23,073 (ii) On April 20, 2020, the Company granted 200,000 24,659 18,703 7,217 (iii) On November 16, 2020, the Company granted 168,000 30,510 3,998 (iv) On December 6, 2020, the Company granted 220,990 58,740 29,304 (v) On January 1, 2021, the Company granted 735,383 245,128 490,258 245,125 64,870 199,542 Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Year Ended December 31, 2021, Six Months Ended December 31, 2020 and Year Ended June 30, 2020 (Expressed in United States Dollars) (vi) On July 1, 2021, the Company granted 17,823 4,026 (vii) On August 5, 2021, the Company granted 595,228 100,022 |
Deferred Share Units
Deferred Share Units | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Deferred Share Units | ||
Deferred Share Units | 12. 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. Bunker Hill Mining Corp. Notes to the Condensed Interim Consolidated Financial Statements (Unaudited) Three and Nine Months Ended September 30, 2022 (Expressed in United States Dollars) The following table summarizes the DSU activity during the nine months ended September 30, 2022 and 2021: Schedule of Deferred Share Units Weighted average grant date fair value Number of per share shares (C$) Unvested as at December 31, 2020 and September 30, 2021 (i) 7,500,000 $ 1.03 Unvested as at December 31, 2021 5,625,000 $ 1.03 Granted (i) 210,000 0.20 Vested (ii)(iii) (3,125,000 ) 1.03 Unvested as at September 30, 2022 2,710,000 $ 1.00 (i) On April 21, 2020, the Company granted 7,500,000 5 210,000 12 493,060 430,964 2,500,000 363,648 (ii) On March 31, 2022, the Board approved the early vesting of 625,000 (iii) During the nine months ended September 30, 2022, the director redeemed 2,500,000 750,000 375,000 0.30 | 12. Deferred share units 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 years ended December 31, 2021 and 2020: Schedule of Deferred Share Units Weighted average grant date fair value Number of per share shares (C$) Unvested as at June 30, 2019 - $ - Granted (i) 7,500,000 1.03 Vested (1,875,000 ) 0.65 Unvested as at June 30, 2020 and December 31, 2020 7,500,000 $ 1.03 Vested (1,875,000 ) 1.03 Unvested as at December 31, 2021 5,625,000 $ 1.03 (i) On April 21, 2020, the Company granted 7,500,000 5 421,284 560,461 549,664 1,531,409 |
Commitments and Contingencies
Commitments and Contingencies | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | ||
Commitments and Contingencies | 13. Commitments and Contingencies As stipulated in the agreement with the EPA and as described in Note 6, the Company is required to make two types of payments to the EPA and IDEQ, one for historical water treatment cost-recovery to the EPA, and the other for ongoing water treatment. Water treatment costs incurred through December 2021 are payable to the EPA, and water treatment costs incurred thereafter are payable to the IDEQ. The IDEQ (as done formerly by the EPA) invoices the Company on an annual basis for the actual water treatment costs, which may exceed the recognized estimated costs significantly. When the Company receives the water treatment invoices, it records any liability for actual costs over and above any estimates made and adjusts future estimates as required based on these actual invoices received. The Company is required to pay for the actual costs regardless of the periodic required estimated accruals and payments made each year. 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 acid mine drainage (“AMD”) in the Crescent Mine. The plaintiff has requested unspecified damages. On September 20, 2021, the Company filed a motion to dismiss Crescent’s claims against it, contending that such claims are facially deficient. On March 2, 2022, Chief US District Court Judge, David C. Nye granted in part and denied in part the Company’s motion to dismiss. The court granted the Company’s motion to dismiss Crescent’s Cost Recovery claim under CERCLA Section 107(a), Declaratory Judgment, Tortious Interference, Trespass, Nuisance and Negligence claims. These claims were dismissed without prejudice. The court denied the motion to dismiss filed by Placer Mining Corp. for Crescent’s trespass, nuisance and negligence claims. Crescent later filed an amended complaint on April 1, 2022. Placer Mining Corp. and Bunker Hill Mining Corp are named as co-defendants. Bunker Hill responded to the amended filing, refuting and denying all allegations made in the complaint except those that are assertions of fact as a matter of public record. The Company believes Crescent’s is without merit and intends to vigorously defend itself, as well as Placer Mining Corp. pursuant to the Company’s indemnification of Placer Mining Corp in the Sale and Purchase agreement executed between the companies for the Mine on December 15, 2021. Bunker Hill Mining Corp. Notes to the Condensed Interim Consolidated Financial Statements (Unaudited) Three and Nine Months Ended September 30, 2022 (Expressed in United States Dollars) | 13. Commitments and contingencies Commitments and Contingencies As stipulated by the agreements with Placer Mining as described in note 6, the Company is required to make a monthly payment of $ 60,000 for care and maintenance for the mine, up to the date of acquisition. As stipulated in the agreement with the EPA and as described in Note 6, the Company is required to make two types of payments to the EPA, one for cost-recovery, and the other for water treatment. The EPA invoices the Company on an annual basis for the actual water treatment costs, which may exceed the recognized estimated costs significantly. When the Company receives the water treatment invoices, it records any liability for actual costs over and above any estimates made, and adjusts future estimates as required based on these actual invoices received. The Company is required to pay for the actual costs regardless of the periodic required estimated accruals and payments made each year. As at December 31, 2021, $ 16,417,208 payable to the EPA has been included in accounts payable and accrued liabilities (December 31, 2020 - $ 11,298,594 and June 30, 2021 – $ 7,915,235 , respectively). An amended agreement has been signed to modify the payment amounts and terms to settle amounts outstanding under the original agreement. The Company has entered into a lease agreement which expires in May 2022 26,000 Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Year Ended December 31, 2021, Six Months Ended December 31, 2020 and Year Ended June 30, 2020 (Expressed in United States Dollars) 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 September 3, 2021, the plaintiff responded to the motion to dismiss and agreed that Placer Mining should be dismissed for lack of jurisdiction. The Company, as well as other named defendants, filed replies in support of the motions to dismiss and argued that Placer Mining is an indispensable party and with dismissal of Placer Mining the lawsuit should be dismissed. The US District Court has not ruled on the motions to dismiss but the Company believes the motion to dismiss will be granted and the lawsuit dismissed. 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 acid mine drainage (“AMD”) in the Crescent Mine. The plaintiff has requested unspecified damages. On September 20, 2021, the Company filed a motion to dismiss Crescent’s claims against it, contending that such claims are facially deficient. On March 2, 2022, Chief US District Court Judge, David C. Nye granted in part and denied in part the Company’s motion to dismiss. The court granted the Company’s motion to dismiss Crescent’s Cost Recovery claim under CERCLA Section 107(a), Declaratory Judgment, Tortious Interference, Trespass, Nuisance and Negligence claims. These claims were dismissed without prejudice. The court demined the motion to dismiss filed by Placer Mining Corp. for Crescent’s trespass, nuisance and negligence claims. If Crescent seeks to amend its complaint, it must do so within 30 days of the court’s judgement on March 2, 2022. The Company believes Crescent Mining LLC’s lawsuit against Placer Mining Corp. is without merit and intends to defend Placer Mining Corp. vigorously pursuant to the Company’s indemnification of Placer Mining Corp in the Sale and Purchase agreement executed between the companies for Bunker Hill Mine on December 15, 2021. The Company believes the claims in both lawsuits, as they relate to Bunker Hill, are without merit and intends to defend them vigorously. |
Income taxes
Income taxes | 12 Months Ended |
Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
Income taxes | 14. Income taxes As at December 31, 2021, December 31, 2020, and June 30, 2020, the Company had no accrued interest and penalties related to uncertain tax positions. The income tax provision differs from the amount of income tax determined by applying the U.S. federal tax rate of 21.0 % (December 31, 2020 – 21.0%) to pretax loss from operations for the periods ended December 31, 2021 and December 31, 2020 and year ended June 30, 2020 due to the following: Schedule of Income Tax Provision Year Six Months Year Ended Ended Ended December 31, December 31, June 30, 2021 2020 2020 Loss before income taxes $ 6,402,277 $ 2,164,454 $ 31,321,791 Expected income tax recovery (1,344,478 ) (454,535 ) (6,577,576 ) Change in estimates in respect of prior periods 837,195 - - Change in tax rate 274,477 181,332 - Change in fair value of derivative liability (2,583,095 ) - - State and local taxes, net of federal benefit (960,296 ) 17,632 (1,576,384 ) Share issuance costs - 198,903 - Accretion - 24,862 81,746 Stock based compensation - 296,448 219,952 Loss on loan extinguishment - - 223,798 Other 5,033 2,006 980 Change in valuation allowance 3,771,164 (266,647 ) 7,627,485 Total $ - $ - $ - Deferred tax assets and the valuation account are as follows: Schedule of Deferred Tax Assets December 31, December 31, June 30, 2021 2020 2020 Deferred tax asset: Net operating loss carry forwards $ 6,724,313 $ 5,547,502 $ 6,148,029 Mineral interest purchase option 10,707,362 7,101,619 5,068,605 Other deferred tax assets 454,499 1,453,133 3,600,101 Valuation allowance (17,886,174 ) (14,115,010 ) (14,832,531 ) Unrealized foreign exchange loss - 12,756 15,796 Total $ - $ - $ - Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Year Ended December 31, 2021, Six Months Ended December 31, 2020 and Year Ended June 30, 2020 (Expressed in United States Dollars) Schedule of Components of Deferred Tax Assets and Liabilities December 31, December 31, June 30, 2021 2020 2020 Deferred tax asset: Net operating loss carryforwards $ 59,955 $ 16,241 $ 9,910 Lease liabilities - - 56,322 Deferred tax liabilities: Equipment (18,809 ) (16,241 ) (9,910 ) Unrealized foreign exchange gain (41,146 ) - - Right of use assets and lease obligations - - (56,322 ) Net deferred tax asset $ - $ - $ - The potential income tax benefit of these losses has been offset by a full valuation allowance. As of December 31, 2021, December 31, 2020 and June 30, 2020, the Company has an unused net operating loss carryforward balance of $ 26,356,908 , $ 21,310,259 and $ 19,775,710 , respectively, that is available to offset future taxable income. The net operating loss carryforwards generated before 2018 expire between 2031 and 2037. The losses generated in 2018 and later tax years do not expire. The Company did not have any tax positions for which it is reasonably possible that the total amount of unrecognized tax benefits will significantly increase or decrease within the next 12 months. The tax years that remain subject to examination by major taxing jurisdictions are those for the year ended December 31, 2021, period ended December 31, 2020 and years ended June 30, 2020, 2019, 2018, 2017, 2016, 2015, and 2014. |
Related party transactions
Related party transactions | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Related Party Transactions [Abstract] | ||
Related party transactions | 14. 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 Nine Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2022 2021 2022 2021 Consulting fees and wages $ 248,472 $ 276,049 $ 1,832,323 $ 846,604 At September 30, 2022 and September 30, 2021, $ 15,000 102,235 On July 1, 2022 the Company issued 210,000 | 15. Related party transactions (i) During the year ended December 31, 2021, John Ryan (Director and former CEO) billed $ nil 13,500 51,500 (ii) During the year ended December 31, 2021, Wayne Parsons (Director and former CFO) billed $ 120,127 71,390 , year ended June 30, 2020 - $ 136,045 , respectively) for consulting services to the Company. (iii) During the year ended December 31, 2021, Hugh Aird (former Director) billed $ nil 18,223 9,774 (iv) During the year ended December 31, 2021, Richard Williams (Director and Executive Chairman) billed $ 179,605 78,201 , year ended June 30, 2020 - $ 134,927 , respectively) for consulting services to the Company. At December 31, 2021, $ 108,719 is owed to Mr. Williams (December 31, 2020 - $ 45,000 and June 30, 2020 - $ 121,161 , respectively) with all amounts included in accounts payable and accrued liabilities. During the six months ended December 31, 2020, the Company issued 214,286 0.67 56,925 On June 30, 2020, the Company issued a promissory note in the amount of $ 75,000 15,000 (v) During the year ended December 31, 2021, the Company incurred $ 250,000 125,000 , year ended June 30, 2020 - $ 60,000 , respectively) for services to the Company. At December 31, 2021, $ 62,500 Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Year Ended December 31, 2021, Six Months Ended December 31, 2020 and Year Ended June 30, 2020 (Expressed in United States Dollars) During the six months ended December 31, 2020, the Company issued 77,143 0.67 20,000 (vi) During the year ended December 31, 2021, Pam Saxton (Director) billed $ 37,669 7,000 , year ended June 30, 2020 - $nil) for consulting services to the Company. (vii) During the year ended December 31, 2021, Cassandra Joseph (Director) billed $ 37,494 11,290 nil (viii) During the six months ended December 31, 2020, the Company issued 300,000 0.67 77,696 105,000 (ix) During the year ended December 31, 2021, the Company incurred $ 276,315 108,335 During the year ended December 31, 2021, 1,037,977 273,271 764,706 5 0.335 204,213 204,213 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 Nine Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2022 2021 2022 2021 Consulting fees and wages $ 248,472 $ 276,049 $ 1,832,323 $ 846,604 |
Subsequent Events
Subsequent Events | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Subsequent Events [Abstract] | ||
Subsequent Events | 15. Subsequent Events In October 2022, the Company issued 8,252,940 During October 2022, the Company reported that it has been successful in securing a new payment bond to secure a portion of its cost recovery obligations to the US Environmental Protection Agency (the “US EPA”), resulting in a $ 3,000,000 9,476,000 7,001,000 2,000,001 5,000,000 2,000,000 20,000 7,001,000 5,000,000 2,001,000 In October 2022, the Company reported that it awarded a new water management consulting services contract to MineWater LLC (“MineWater”) for strategic environmental support at the Bunker Hill Mine through September 30, 2023. Pursuant to the contract, the Company agreed to pay MineWater $ 60,000 1,599,150 In November 2022, the Company awarded 4,396,741 | 16. Subsequent events Subsequent Events Following the approval of the transaction by Placer Mining Corp. shareholders and satisfaction of other closing conditions, the purchase of the Bunker Hill Mine closed on January 7, 2022. Concurrently, definitive documentation and all closing conditions were met for the $ 8,000,000 2,000,000 payment to the EPA, and near-term working capital requirements. The $ 8,000,000 9.0 1.85 In January 2022, the Company also closed the $ 6,000,000 , which was increased from a previously-announced $ 5,000,000 The Convertible Debenture funds near-term working capital requirements, mine development, and the advancement of its Prefeasibility Study, including engineering studies for the demobilization and construction of the Pend Oreille Process Plant at Bunker Hill. The $ 6,000,000 Convertible Debenture will initially bear interest at an annual rate of 7.5 %, payable in cash or shares at the Company’s option, and a maturity of 18 months from the closing of the Royalty Convertible Debenture. Until the closing of the Stream, the Convertible Debenture is convertible into Common Shares at a price of C$ 0.30 per Common Share, subject to stock exchange approval. Alternatively, SRSR may elect to retire the Convertible Debenture with the cash proceeds from the Stream. The Company may elect to repay the Convertible Debenture early; if SRSR elects not to exercise its conversion option at such time, a minimum of 12 months of interest would apply. On January 7, 2022, the Company closed the purchase of the Bunker Hill Mine. See Note 6 Mining Interests. Mine assets were purchased for $ 7,700,000 300,000 2,000,000 5,400,000 19,000,000 2,900,000 On January 31, 2022, the Company entered into a non-binding Memorandum of Understanding (“MOU”) with Teck Resources Limited (“Teck”) for the purchase of a comprehensive package of equipment and parts inventory from its Pend Oreille site (the “Pend Oreille Process Plant”) in eastern Washington State. The package comprises substantially all processing equipment of value located at the site, including complete crushing, grinding and flotation circuits 2,750,000 3,000,000 500,000 On March 3, 2022, the Company closed the purchase of a 225-acre surface land parcel for a cash payment of approximately $ 200,000 On March 9, 2022, the Company entered into an agreement with a syndicate of agents led by Echelon Wealth Partners Inc. (collectively, the “Agents”), which have agreed to act as agents for and on behalf of the Company, on a commercially reasonable “best efforts” agency basis, without underwriter liability, in connection with a proposed private placement (the “Offering”) of up to C$ 15,000,000 of special warrants of the Company (the “Special Warrants”) which will entitle the holders to receive up to 50,000,000 units of the Company at a price of C$ 0.30 (the “Issue Price”) per Special Warrant, subject to adjustment in certain events. Each Special Warrant shall be exercisable, for no additional consideration and with no further action on the part of the holder thereof, into one unit (each, a “Unit”) of the Company, subject to adjustment described below, on the earlier of: (i) the third business day after the date upon which both (A) a receipt for a (final) prospectus (the “Qualification Prospectus”) qualifying the distribution of the Units issuable upon exercise of the Special Warrants has been issued by the applicable securities regulatory authorities in the Canadian jurisdictions in which purchasers of the Special Warrants are resident (the “Canadian Jurisdictions”), and (B) the registration statement (the “Registration Statement”) of the Company filed with the Securities and Exchange Commission (the “SEC”) registering the Units issuable upon exercise of the Special Warrants has been declared effective by the SEC; and (ii) the date that is six months following the Closing Date, which is expected to close on March 31, 2022. Each Unit will consist of one common share of the Company (a “Common Share”) and one common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant will entitle the holder to acquire one Common Share for C$ 0.37 36 , The Company has also granted to the Agents an option (the “Agents’ Option”) which shall allow the Agents to sell up to an additional 15.0 % of the Special Warrants sold pursuant to the Offering at the Issue Price. The Agent’s Option may be exercised in whole or in part as determined by the Agents upon written notice to the Company at any time up to 48 hours prior to the Closing Date. In consideration for their services, subject to the terms of the agreement with the Agents and adjustments in certain circumstances, the Agents will receive a cash commission equal to 6.0 % of the gross proceeds of the Offering (including the Agents’ Option), and shall be issued that number of compensation options (the “Compensation Options”) as is equal to 6.0 % of the number of Special Warrants sold pursuant to the Offering (including the Agents’ Option). Each Compensation Option shall be exercisable to acquire one Unit at the Issue Price for a period of 24 months from the closing date of the Offering, subject to adjustment in certain events. |
Environmental Protection Agency
Environmental Protection Agency Agreement and Water Treatment Liabilities | 9 Months Ended |
Sep. 30, 2022 | |
Environmental Remediation Obligations [Abstract] | |
Environmental Protection Agency Agreement and Water Treatment Liabilities | 6. Environmental Protection Agency Agreement and Water Treatment Liabilities Historical Cost Recovery Payables As a part of the lease of the Mine, the Company was required to make payments pursuant to an agreement with the Environmental Protection Agency (the “EPA”) whereby for so long as the Company leases, owns and/or occupies the Mine, the Company was required to make payments to the EPA on behalf of Placer Mining in satisfaction of the EPA’s claim for cost recovery related to historical treatment costs paid by the EPA from 1995 to 2017. These payments, if all are made, will total $ 20,000,000 1,000,000 2,000,000 3,000,000 2,000,000 11,000,000 8,000,000 Bunker Hill Mining Corp. Notes to the Condensed Interim Consolidated Financial Statements (Unaudited) Three and Nine Months Ended September 30, 2022 (Expressed in United States Dollars) Through 2021, the Company engaged in discussions with the EPA to reschedule these payments in ways that enable the sustainable operation of the Mine as a viable long-term business. Effective December 19, 2021, the Company entered into an amended Settlement Agreement between the Company, Idaho Department of Environmental Quality, US Department of Justice, and the EPA (the “Amended Settlement”). Upon the effectivity of the Amended Settlement, the Company would become fully compliant with its payment obligations to these parties. The Amended Settlement modified the payment schedule and payment terms for recovery of the aforementioned historical environmental response costs. Pursuant to the terms of the Amended Settlement, upon purchase of the Bunker Hill Mine and the satisfaction of financial assurance commitments (as described below), the $ 19,000,000 Schedule of Amended Settlement Environmental Protection Agency Agreement Date Amount Within 30 days of Settlement Agreement $ 2,000,000 November 1, 2024 $ 3,000,000 November 1, 2025 $ 3,000,000 November 1, 2026 $ 3,000,000 November 1, 2027 $ 3,000,000 November 1, 2028 $ 3,000,000 November 1, 2029 $ 2,000,000 plus accrued interest In addition to the changes in payment terms and schedule, the Amended Settlement included a commitment by the Company to secure $ 17,000,000 The Company completed the purchase of the Mine (see note 5) and made the initial $ 2,000,000 17,000,000 8,000,000 As of March 31, 2022, the financial assurance had not yet been secured, and as such the Company accounted for the $17,000,000 liabilities according to the previous payment schedule, resulting in $12,000,000 classified as a current liability and $5,000,000 as a long-term liability. The long-term portion was discounted at an interest rate of 16.5% to arrive at a net present value of $3,402,425 after discount. During the quarter ended June 30, 2022, the Company was successful in obtaining the final financial assurance. Specifically, a $ 9,999,000 7,001,000 17,000,000 2,475,000 2,475,000 7,001,000 9,476,000 9,476,000 Under ASC 470-50, Debt Modifications and Extinguishments, the Company performed a comparison of NPV’s of the pre-settlement Cost Recovery obligation to the post-settlement schedule of Cost Recovery obligation to determine this was an extinguishment of debt. The Company recorded a gain on extinguishment of debt totaling $ 8,614,103 17,000,000 9,927,590 19.95 7,072,410 347,614 631,701 7,420,024 192,923 306,501 Bunker Hill Mining Corp. Notes to the Condensed Interim Consolidated Financial Statements (Unaudited) Three and Nine Months Ended September 30, 2022 (Expressed in United States Dollars) Water Treatment Charges – EPA Separate to the cost recovery liabilities outlined above, the Company is responsible for the payment of ongoing water treatment charges. Water treatment charges incurred through December 31, 2021 are payable to the EPA, and charges thereafter are payable to the Idaho Department of Environmental Quality (“IDEQ”) given a handover of responsibilities for the Central Treatment Plant from the EPA to the IDEQ as of that date. The Company previously estimated a balance due to the EPA of $ 5,110,706 1,000,000 3,847,141 5,110,706 Water Treatment Charges – IDEQ For water treatment charges beginning January 2022, the Company makes a monthly accrual of $ 80,000 140,000 720,000 1,260,000 540,000 nil |
Promissory Note Payable and Con
Promissory Note Payable and Convertible Debentures | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Debt Disclosure [Abstract] | ||
Promissory Note Payable and Convertible Debentures | 7. Promissory Note Payable and Convertible Debentures On September 22, 2021, the Company issued a non-convertible promissory note in the amount of $ 2,500,000 15 March 15, 2022 500,000 500,000 202,000 1,500,000 56,712 224,589 8,219 8,219 327,329 102,740 Project Finance Package with Sprott Private Resource Streaming & Royalty Corp. On December 20, 2021, the Company executed a non-binding term sheet outlining a $ 50,000,000 The non-binding term sheet with SRSR outlined a $ 50,000,000 8,000,000 5,000,000 37,000,000 6,000,000 51,000,000 Bunker Hill Mining Corp. Notes to the Condensed Interim Consolidated Financial Statements (Unaudited) Three and Nine Months Ended September 30, 2022 (Expressed in United States Dollars) On June 17, 2022, the Company consummated a new $ 15,000,000 66,000,000 $8,000,000 Royalty Convertible Debenture (RCD) The Company closed the $ 8,000,000 9.0 1.85 Concurrent with the funding of the CD2 in June 2022, the Company and SRSR agreed to a number of amendments to the terms of the RCD, including an amendment of the maturity date from July 7, 2023 to March 31, 2025. 8,000,000 $6,000,000 Series 1 Convertible Debenture (CD1)) The Company closed the $ 6,000,000 5,000,000 7.5 0.30 Concurrent with the funding of the CD2 in June 2022, the Company and SRSR agreed to a number of amendments to the terms of the CD1, including that the maturity date would be amended from July 7, 2023 to March 31, 2025 179,046 $15,000,000 Series 2 Convertible Debenture (CD2) The Company closed the $ 15,000,000 10.5 March 31, 2025 2,000,000 9,000,000 In light of the Series 2 Convertible Debenture financing, the previously permitted additional senior secured indebtedness of up to $ 15 The Company determined that in accordance with ASC 815, each debenture will be valued and carried as a single instrument, with the periodic changes to fair value accounted through earnings, profit and loss. Bunker Hill Mining Corp. Notes to the Condensed Interim Consolidated Financial Statements (Unaudited) Three and Nine Months Ended September 30, 2022 (Expressed in United States Dollars) Consistent with the approach above, the following table summarizes the key valuation inputs as at applicable valuation dates: Schedule of Key Valuation Inputs Reference (2)(4) (5) Valuation date Maturity date Contractual Stock price (US$) Expected equity volatility Credit spread Risk-free rate Risk- adjusted rate CD1 note (1)(3) 01-28-22 07-07-23 7.50 % 0.230 120 % 8.70 % 0.92 % 16.18 % RCD note (stream not advanced scenario) 01-07-22 07-07-23 9.00 % 0.242 130 % 9.21 % 0.65 % 16.39 % RCD note (stream advanced) scenario 01-07-22 06-30-22 9.00 % 0.242 130 % 9.16 % 0.23 % 15.96 % CD1 note (1)(3) 03-31-22 07-07-23 7.50 % 0.235 120 % 8.85 % 1.80 % 17.12 % RCD note (stream not advanced scenario) 03-31-22 07-07-23 9.00 % 0.235 120 % 8.85 % 1.80 % 17.12 % RCD note (stream advanced) scenario 03-31-22 06-30-22 9.00 % 0.235 120 % 8.78 % 0.52 % 15.88 % CD2 note 06-17-22 03-31-25 10.50 % 0.222 120 % 9.45 % 3.28 % 20.95 % CD2 note 06-30-22 03-31-25 10.50 % 0.225 120 % 10.71 % 2.95 % 21.78 % CD1 note 06-30-22 03-31-25 7.50 % 0.233 120 % 10.71 % 2.95 % 19.89 % RCD note (stream not advanced scenario) 06-30-22 03-31-25 9.00 % 120 % 10.71 % 2.95 % 19.89 % RCD note (stream advanced) scenario 06-30-22 09-30-22 9.00 % 120 % 10.85 % 1.72 % 18.89 % CD1 note 09-30-22 03-31-25 7.50 % 0.085 120 % 13.31 % 4.19 % 23.35 % RCD note (stream not advanced) 09-30-22 03-31-25 9.00 % 0.085 120 % 13.31 % 4.19 % 23.35 % RCD note (stream advanced) 09-30-22 11-30-22 9.00 % 0.085 120 % 13.85 % 3.04 % 22.79 % CD2 note 09-30-22 03-31-25 10.50 % 0.085 120 % 13.31 % 4.19 % 25.21 % (1) The CD’s carries a Discount for Lack of Marketability (“DLOM”) of 5.0 (2) CD1 and RCD carry an instrument-specific spread of 7.23 9.32 (3) The conversion price of the CD1 is $ 0.219 0.212 (4) A project risk rate of 13.0 (5) The probabilities for the stream being advanced and the stream not being advanced is 59 41 The resulting fair values of the CD1, RCD, and CD2 at the issuance dates, June 30, 2022, and as of September 30, 2022 were as follows: Schedule of Fair Value Derivative Liability Instrument Description Issuance date CD1 and RCD Issuance date CD2 March 31, June 30, September 30, CD1 $ 6,320,807 $ - $ 6,303,567 $ 5,633,253 $ 4,892,435 RCD 7,679,193 - 7,886,743 7,078,596 7,359,776 CD2 - 15,000,000 - 14,176,578 12,710,097 Total $ 14,000,000 $ 15,000,000 $ 14,190,310 $ 26,888,427 $ 24,962,308 The total gain on fair value of debentures recognized during the three and nine months ended September 30, 2022 was $ 1,301,069 3,041,056 625,050 996,636 The Company performs quarterly testing of the covenants in the RCD, CD1 and CD2, and was in compliance with all such covenants as of September 30, 2022. Bunker Hill Mining Corp. Notes to the Condensed Interim Consolidated Financial Statements (Unaudited) Three and Nine Months Ended September 30, 2022 (Expressed in United States Dollars) The Stream A minimum of $ 27,000,000 37,000,000 If the Company draws the maximum funding of $ 37,000,000 Concurrent with the funding of the CD2 in June 2022, the Company and SRSR agreed that the minimum quantity of metal delivered under the Stream, if advanced, will increase by 10 | 8. Promissory notes payable (i) On November 13, 2019, the Company issued a promissory note in the amount of $ 300,000 1 400,000 one 0.80 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 28,939 822,857 335,467 Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Year Ended December 31, 2021, Six Months Ended December 31, 2020 and Year Ended June 30, 2020 (Expressed in United States Dollars) 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. Schedule of Fair Value of Derivative Warrant Liability Assumptions November 2019 issuance December 31, 2020 Maturity at November 13, 2021 Expected life 317 0 Volatility 100 % 100 % Risk free interest rate 0.64 % 0.30 % Dividend yield 0 % 0 % Share price $ 0.41 $ 0.18 Fair value $ 40,999 Nil Change in derivative liability $ (40,999 ) April 2020 issuance December 31, 2020 Maturity at November 13, 2021 Expected life 317 0 Volatility 100 % 100 % Risk free interest rate 0.27 % 0.30 % Dividend yield 0 % 0 % Share price $ 0.41 $ 0.18 Fair value $ 58,373 Nil Change in derivative liability $ (58,373 ) Accretion expense for the year ended December 31, 2021 was $ nil 51,522 155,001 16 Interest expense for the year ended December 31, 2021 was $ nil 5,600 22,700 Schedule of Promissory Notes Outstanding Interest Payable Amount Balance, June 30, 2019 $ - Proceeds on issuance 300,000 Warrant valuation (206,523 ) Accretion expense 155,001 Balance, June 30, 2020 $ 248,478 Accretion expense 51,522 Debt settlement (189,342 ) Repayment (110,658 ) Balance, December 31, 2020 $ - (ii) On December 31, 2019, the Company issued a promissory note in the amount of $ 82,367 107,000 (iii) On January 29, 2020, the Company issued a promissory note in the amount of $ 75,727 100,000 (iv) On May 12, 2020, the Company issued a promissory note in the amount of $ 362,650 500,000 89,190 47,737 41,453 7 Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Year Ended December 31, 2021, Six Months Ended December 31, 2020 and Year Ended June 30, 2020 (Expressed in United States Dollars) (v) On May 12, 2020, the Company issued a promissory note in the amount of $ 141,704 200,000 35,676 714,285 291,203 19,129 16,547 8 (vi) On June 30, 2020, the Company issued a promissory note in the amount of $ 75,000 15,000 nil 15,000 (vii) On June 30, 2020, the Company issued a promissory note in the amount of $ 75,000 nil 15,000 (viii) On July 13, 2020, the Company issued a promissory note in the amount of $ 1,200,000 360,000 360,000 nil (viii) On September 22, 2021, the Company issued a non-convertible promissory note in the amount of $ 2,500,000 bearing interest of 15 % per annum and payable at maturity. The promissory note was scheduled to mature on the earlier of March 15, 2022 ; however, the note holder agreed to accept $ 500,000 payment by April 15, 2022, and the remaining principal and interest was deferred to June 20, 2022. See Note 16 Subsequent Events concerning a financing anticipated to close on March 31, 2022. The Company purchased a land parcel for approximately $ 200,000 subsequent to December 31, 2021, which may be used as security for the promissory note. Interest expense for the year ended December 31, 2021 was $ 102,740 , which is reflected in Interest payable on the Company’s balance sheet at December 31, 2021. $50,000,000 Project Finance Package On December 20, 2021, the Company executed a non-binding term sheet with Sprott Resource Streaming and Royalty (“SRSR”) and other investors outlining a $ 50,000,000 project finance package that the Company expects to fulfill the majority of its funding requirements to restart the mine and reach commercial production in mid-2023. The package consists of an $ 8,000,000 5,000,000 37,000,000 (collectively, the “Stream”). Subject to settlement of definitive documentation with SRSR, the $ 8,000,000 was advanced under the Royalty Convertible Debenture in January 2022. These proceeds funded the purchase of the Bunker Hill Mine and near-term working capital requirements, including a $ 2,000,000 payment to the EPA in January 2022. The Royalty Convertible Debenture will initially bear interest at an annual rate of 9.0 %, payable in cash or shares at the Company’s option, until such time that SRSR elects to convert it into a Royalty, with such conversion option expiring at the earlier of advancement of the Stream or 18 months. In the event of conversion, the Royalty Convertible Debenture will cease to exist and the Company will grant a Royalty for 1.85 % of life-of-mine gross revenue from mining claims considered to be historically worked, contiguous to current accessible underground development, and covered by the Company’s 2021 ground geophysical survey. A 1.35% rate will apply to claims outside of these areas. The Royalty Convertible Debenture will initially be secured by a share pledge of the Company’s operating subsidiary, until such time that a full security package is put in place. In the event of non-conversion, the principal of the Royalty Convertible Debenture will be repayable in cash. Subject to settlement of definitive documentation with SRSR and other investors, the $ 5,000,000 was increased to $ 6,000,000 , and was advanced under the Convertible Debenture, also in January 2022. These proceeds will fund capital expenditures and working capital requirements in Q1 2022. The Convertible Debenture will bear interest at an annual rate of 7.5 %, payable in cash or shares at the Company’s option, and a maturity of 18 months from the closing of the Royalty Convertible Debenture. Until the closing of the Stream, the Convertible Debenture is convertible into shares of the Company at a share price of CAD 0.30 per share. Alternatively, SRSR may elect to retire the Convertible Debenture with the cash proceeds of the Stream. The Company may elect to re-pay the Convertible Debenture early; if SRSR elects not to exercise its conversion option at such time, a minimum of 12 months of interest would apply. Subject to SRSR internal approvals, further technical and other diligence (including confirmation of full project funding by an independent engineer appointed by SRSR), and satisfactory definitive documentation, the Company expects to close the Stream concurrent with a formal construction decision being made by Q2 2022. A minimum of $ 27,000,000 and a maximum of $ 37,000,000 (the “Stream Amount”) will be made available under the Stream, at the Company’s option, once the conditions for availability of the Stream have been satisfied. Assuming the maximum funding of $37,000,000 is drawn, the Stream would apply to 10% of payable metals sold until a minimum quantity of metal is delivered consisting of, individually, 55 million pounds of zinc, 35 million pounds of lead, and 1 million ounces of silver. Thereafter, the Stream would apply to 2% of payable metals sold. If the Company elects to draw less than $37,000,000 under the Stream, the percentage and quantities of payable metals streamed will adjust pro-rata. The delivery price of streamed metals will be 20% of the applicable spot price. Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Year Ended December 31, 2021, Six Months Ended December 31, 2020 and Year Ended June 30, 2020 (Expressed in United States Dollars) The Company may buy back 50% of the Stream Amount at a 1.40x multiple of the Stream Amount between the second and third anniversary of the date of funding, and at a 1.65x multiple of the Stream Amount between the third and fourth anniversary of the date of funding. The Company will be permitted to incur additional indebtedness of $ 15,000,000 13,000,000 The Royalty Convertible Debenture and Convertible Debenture closed subsequent to the end of the year. See Note 16 Subsequent Events. In support of plans to rapidly restart the Mine, the Company worked systematically through 2020 and 2021 to delineate mineral resources and conduct various technical studies. Executing this strategy may require securing additional financing, which may include additional indebtedness of $ 15,000,000 13,000,000 |
Income per Share
Income per Share | 9 Months Ended |
Sep. 30, 2022 | |
Net loss per common share | |
Income per Share | 10. Income per Share Potentially dilutive securities include convertible loan payable, warrants, broker options, stock options, and unvested restricted share units (“RSU”). 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 September 30, 2022 Three Months ended September 30, 2021 Nine Months ended September 30, 2022 Nine Months ended September 30, 2021 Net income (loss) and comprehensive income (loss) for the period 4,315,403 3,960,630 13,860,884 9,843,495 Basic income (loss) per share Weighted average number of common shares - basic 219,466,235 164,179,999 198,364,188 160,690,371 Net income (loss) per share – basic 0.02 0.02 0.07 0.06 Net income (loss) and comprehensive income (loss) for the period 4,315,403 3,960,630 13,860,884 9,843,495 Dilutive effect of convertible debentures (502,389 ) - (1,945,686 ) - Dilutive effect of warrants on net income - - - - Diluted net income (loss) and comprehensive income (loss) for the period 3,813,014 3,960,630 11,915,198 9,843,495 Diluted income (loss) per share 219,466,234 164,179,999 198,364,188 160,690,371 Weighted average number of common shares - basic Diluted effect: Warrants, broker options, and stock options, convertible debentures, and RSUs 98,738,276 150,000 52,317,205 150,000 Weighted average number of common shares - fully diluted 318,204,510 164,329,999 250,681,393 160,840,371 Net income (loss) per share - fully diluted 0.01 0.02 0.05 0.06 Bunker Hill Mining Corp. Notes to the Condensed Interim Consolidated Financial Statements (Unaudited) Three and Nine Months Ended September 30, 2022 (Expressed in United States Dollars) |
Significant accounting polici_2
Significant accounting policies (Policies) | 12 Months Ended |
Dec. 31, 2021 | |
Accounting Policies [Abstract] | |
Basis of consolidation | Basis of consolidation These consolidated financial statements include the assets, liabilities and expenses of the Company and its wholly owned subsidiary, Silver Valley Metals Corp. (formerly American Zinc Corp.). All intercompany transactions and balances have been eliminated on consolidation. |
Cash and cash equivalents | Cash and cash equivalents Cash and cash equivalents may include highly liquid investments with original maturities of three months or less. |
Mineral rights, property and acquisition costs | Mineral rights, property and acquisition costs The Company has been in the exploration stage since its formation on February 20, 2007 and has not yet realized any revenues from its planned operations. It is primarily engaged in the acquisition and exploration of mining properties. The Company capitalizes acquisition and option costs of mineral rights as intangible assets when there is sufficient evidence to support probability of generating positive economic returns in the future. Upon commencement of commercial production, the mineral rights will be amortized using the unit-of-production method over the life of the mineral rights. If the Company does not continue with exploration after the completion of the feasibility study, the mineral rights will be expensed at that time. The costs of acquiring mining properties are capitalized upon acquisition. Mine development costs incurred to develop and expand the capacity of mines, or to develop mine areas in advance of production, are also capitalized once proven and probable reserves exist and the property is a commercially mineable property. Costs incurred to maintain current exploration or to maintain assets on a standby basis are charged to operations. Costs of abandoned projects are charged to operations upon abandonment. The Company evaluates the carrying value of capitalized mining costs and related property and equipment costs, to determine if these costs are in excess of their recoverable amount whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. Evaluation of the carrying value of capitalized costs and any related property and equipment costs are based upon expected future cash flows and/or estimated salvage value in accordance with Accounting Standards Codification (FASB ASC) 360-10-35, Impairment or Disposal of Long-Lived Assets. |
Equipment | Equipment Equipment is stated at cost less accumulated depreciation. Depreciation is provided principally on the straight-line method over the estimated useful lives of the assets, which range from 3 10 The Company periodically evaluates whether events and circumstances have occurred that may warrant revision of the estimated useful lives of equipment or whether the remaining balance of the equipment should be evaluated for possible impairment. If events and circumstances warrant evaluation, the Company uses an estimate of the related undiscounted cash flows over the remaining life of the equipment in measuring their recoverability. |
Leases | Leases Operating lease right of use (“ROU”) assets represent the right to use the leased asset for the lease term and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As most leases do not provide an implicit rate, the Company uses an incremental borrowing rate based on the information available at the adoption date in determining the present value of future payments. Lease expense for minimum lease payments is amortized on a straight-line basis over the lease term and is included in operation and administration expenses in the consolidated statements of loss and comprehensive loss. Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Year Ended December 31, 2021, Six Months Ended December 31, 2020 and Year Ended June 30, 2020 (Expressed in United States Dollars) The Company is required to make additional payments for certain variable costs. These costs are expensed and included in operation and administration expenses in the consolidated statements of loss and comprehensive loss. Rental income obtained through subleases is recorded as income over the lease term and is offset against operation and administration expenses. |
Impairment of long-lived assets | Impairment of long-lived assets The Company reviews and evaluates long-lived assets for impairment when events or changes in circumstances indicate the related carrying amounts may not be recoverable. The assets are subject to impairment consideration under FASB ASC 360, Property, Plant and Equipment, if events or circumstances indicate that their carrying amount might not be recoverable. When the Company determines that an impairment analysis should be done, the analysis is performed using the rules of FASB ASC 930-360-35, Extractive Activities – Mining, and 360-10-15-3 through 15-5, Impairment or Disposal of Long-Lived Assets. Various factors could impact the Company’s ability to achieve forecasted production schedules. Additionally, commodity prices, capital expenditure requirements and reclamation costs could differ from the assumptions the Company may use in cash flow models used to assess impairment. The ability to achieve the estimated quantities of recoverable minerals from exploration stage mineral interests involves further risks in addition to those factors applicable to mineral interests where proven and probable reserves have been identified, due to the lower level of confidence that the identified mineralized material can ultimately be mined economically. |
Fair value of financial instruments | Fair value of financial instruments The Company adopted FASB ASC 820-10, Fair Value Measurement. This guidance defines fair value, establishes a three-level valuation hierarchy for disclosures of fair value measurement and enhances disclosure requirements for fair value measures. The three levels are defined as follows: ● Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. ● Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ● Level 3 inputs to valuation methodology are unobservable and significant to the fair measurement. The carrying amounts reported in the consolidated balance sheets for cash, accounts receivable excluding HST, accounts payable, accrued liabilities, interest payable, convertible loan payable, promissory notes payable, lease liability, and other liabilities, all of which qualify as 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. |
Environmental expenditures | Environmental expenditures The operations of the Company have been, and may in the future be, affected from time to time, in varying degrees, by changes in environmental regulations, including those for future reclamation and site restoration costs. Both the likelihood of new regulations and their overall effect upon the Company vary greatly and are not predictable. The Company’s policy is to meet, or if possible, surpass standards set by relevant legislation, by application of technically proven and economically feasible measures. Environmental expenditures that relate to ongoing environmental and reclamation programs are expensed as incurred or capitalized and amortized depending on their future economic benefits. Estimated future reclamation and site restoration costs, when the ultimate liability is reasonably determinable, are charged against earnings over the estimated remaining life of the related business operation, net of expected recoveries. |
Income taxes | Income taxes The Company accounts for income taxes in accordance with Accounting Standard Codification 740, Income Taxes (“FASB ASC 740”), on a tax jurisdictional basis. The Company files income tax returns in the United States. Deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the tax bases of assets and liabilities and the consolidated financial statements reported amounts using enacted tax rates and laws in effect in the year in which the differences are expected to reverse. A valuation allowance is provided against deferred tax assets when it is determined to be more likely than not that the deferred tax asset will not be realized. Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Year Ended December 31, 2021, Six Months Ended December 31, 2020 and Year Ended June 30, 2020 (Expressed in United States Dollars) The Company assesses the likelihood of the consolidated financial statements effect of a tax position that should be recognized when it is more likely than not that the position will be sustained upon examination by a taxing authority based on the technical merits of the tax position, circumstances, and information available as of the reporting date. The Company is subject to examination by taxing authorities in jurisdictions such as the United States. Management does not believe that there are any uncertain tax positions that would result in an asset or liability for taxes being recognized in the accompanying consolidated financial statements. The Company recognizes tax-related interest and penalties, if any, as a component of income tax expense. FSAB ASC 740 prescribes recognition threshold and measurement attributes for the consolidated financial statements recognition and measurement of a tax position taken, or expected to be taken, in a tax return. FASB ASC 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in periods, disclosure and transition. At December 31, 2021, December 31, 2020, and June 30, 2020, the Company has not taken any tax positions that would require disclosure under FASB ASC 740. |
Basic and diluted net loss per share | Basic and diluted net loss per share The Company computes net loss per share in accordance with FASB ASC 260, Earnings per Share (“FASB ASC 260”). Under the provisions of FASB ASC 260, basic net loss per share is computed using the weighted average number of common shares outstanding during the period. Diluted net loss per share is computed using the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the incremental common shares issuable upon the exercise of stock options and warrants and the conversion of convertible loan payable. As of December 31, 2021, 9,053,136 111,412,712 3,590,907 8,015,159 95,777,806 3,239,907 |
Stock-based compensation | Stock-based compensation In December 2004, FASB issued FASB ASC 718, Compensation – Stock Compensation (“FASB ASC 718”), which establishes standards for the accounting for transactions in which an entity exchanges its equity instruments for goods or services. It also addresses transactions in which an entity incurs liabilities in exchange for goods or services that are based on the fair value of the entity’s equity instruments or that may be settled by the issuance of those equity instruments. FASB ASC 718 focuses primarily on accounting for transactions in which an entity obtains employee services in share-based payment transactions. FASB ASC 718 requires that the compensation cost relating to share-based payment transactions be recognized in the consolidated financial statements. That cost will be measured based on the fair value of the equity or liability instruments issued. The Company accounts for stock-based compensation arrangements with non-employees in accordance with ASU 505-50, Equity-Based Payments to Non-Employees, which requires that such equity instruments are recorded at the value on the grant date based on fair value of the equity or goods and services whichever is more reliable. |
Restricted share units (“RSUs”) | Restricted share units (“RSUs”) The Company estimates the grant date fair value of RSUs using the Company’s common shares at the grant date. The Company records the value of the RSUs in paid-in capital. |
Deferred share units (“DSUs”) | Deferred share units (“DSUs”) The Company estimates the grant date fair value of the DSUs using the trading price of the Company’s common shares on the day of grant. The Company records the value of the DSUs owing to its directors as DSU liability and measures the DSU liability at fair value at each reporting date, with changes in fair value recognized as stock-based compensation in profit (loss). |
Use of estimates and assumptions | Use of estimates and assumptions Many of the amounts included in the consolidated financial statements require management to make judgments and/or estimates. These judgments and estimates are continuously evaluated and are based on management’s experience and knowledge of the relevant facts and circumstances. Actual results may differ from the amounts included in the consolidated financial statements. Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Year Ended December 31, 2021, Six Months Ended December 31, 2020 and Year Ended June 30, 2020 (Expressed in United States Dollars) Areas of significant judgment and estimates affecting the amounts recognized in the consolidated financial statements include: Going concern The assessment of the Company’s ability to continue as a going concern involves judgment regarding future funding available for its operations and working capital requirements as discussed in note 1. Accrued liabilities The Company has to make estimates to accrue for certain expenditures due to delay in receipt of third-party vendor invoices. These accruals are made based on trends, history and knowledge of activities. Actual results may be different. The Company makes monthly estimates of its water treatment costs, with a true-up to the annual invoice received from the Idaho Department of Environmental Quality (“IDEQ”). Using the actual costs in the annual invoice, the Company then reassesses its estimate for future periods. Given the nature, complexity and variability of the various actual cost items included in the invoice, the Company has used the most recent invoice as its estimate of the water treatment costs for future periods. Convertible loans, promissory notes and warrants Estimating the fair value of derivative warrant liability and conversion feature derivative liability requires determining the most appropriate valuation model, which is dependent on the terms and conditions of the issuance. This estimate also requires determining the most appropriate inputs to the valuation model including the expected life of the warrants and conversion feature derivative liability, volatility and dividend yield and making assumptions about them. The assumptions and models used for estimating fair value of warrants and conversion feature derivative liability are disclosed in notes 8 and 10. The fair value estimates may differ from actual fair values and these differences may be significant and could have a material impact on the Company’s balance sheets and the consolidated statements of operations. Assets are reviewed for an indication of impairment at each reporting date. This determination requires significant judgment. Factors that could trigger an impairment review include, but are not limited to, significant negative industry or economic trends, interruptions in exploration activities or a significant drop in precious metal prices. Reclassifications Certain reclassifications have been made to conform prior year’s data to the current presentation. The reclassifications have no effect on the results of reported operations or stockholders’ deficit or cash flows. |
Concentrations of credit risk | Concentrations of credit risk The Company’s financial instruments that are exposed to concentrations of credit risk primarily consist of its cash. The Company places its cash 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. |
Risks and uncertainties | Risks and uncertainties The Company operates in the mineralized material exploration industry that is subject to significant risks and uncertainties, including financial, operational, and other risks associated with operating a mineralized material exploration business, including the potential risk of business failure. |
Foreign currency transactions | Foreign currency transactions The Company from time to time will receive invoices from service providers that are presenting their invoices using the Canadian dollar. The Company will use its U.S. dollars to settle the Canadian dollar liabilities and any differences resulting from the exchange transaction are reported as gain or loss on foreign exchange. |
Convertible loans and promissory notes payable | Convertible loans and promissory notes payable The Company reviews the terms of its convertible loans and promissory notes payable to determine whether there are embedded derivatives, including the embedded conversion option, that are required to be bifurcated and accounted for as individual derivative financial instruments. In circumstances where the convertible debt or the promissory note contains embedded derivatives that are to be separated from the host contracts, the total proceeds received are first allocated to the fair value of the derivative financial instruments determined using the binomial model. The remaining proceeds, if any, are then allocated to the debenture cost contracts, usually resulting in those instruments being recorded at a discount from their principal amount. This discount is accreted over the expected life of the instruments to profit (loss) using the effective interest method. The debenture host contracts are subsequently recorded at amortized cost at each reporting date, using the effective interest method. The embedded derivatives are subsequently recorded at fair value at each reporting date, with changes in fair value recognized in profit (loss). The Company presents its embedded derivatives and related debenture host contracts as separate instruments on the consolidated balance sheets. Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Year Ended December 31, 2021, Six Months Ended December 31, 2020 and Year Ended June 30, 2020 (Expressed in United States Dollars) |
Plant & Equipment (Tables)
Plant & Equipment (Tables) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Property, Plant and Equipment [Abstract] | ||
Schedule of Equipment | Equipment consists of the following: Schedule of Equipment September 30, December 31, 2022 2021 Equipment $ 920,571 $ 603,972 Equipment, gross 920,571 603,972 Less accumulated depreciation (326,983 ) (207,078 ) Equipment, net $ 593,588 $ 396,894 | Equipment consists of the following: Schedule of Equipment December 31, 2021 December 31, 2020 Equipment $ 603,972 $ 509,279 Equipment, gross 603,972 509,279 Less accumulated depreciation (207,078 ) (73,552 ) Equipment, net $ 396,894 $ 435,727 |
Schedule of Plant Asset Consists | At September 30, 2022, the asset consists of the following: Schedule of Plant Asset Consists September 30, 2022 Deposit paid $ 500,000 Sales tax paid 231,000 Value of shares issued 1,970,264 Value of warrants issued 1,273,032 Total plant & inventory purchased 3,974,296 Site preparation costs 619,172 Demobilization 1,806,229 Less spare parts inventory (341,003 ) Pend Oreille plant asset, net $ 6,058,694 |
Right-of-Use Asset (Tables)
Right-of-Use Asset (Tables) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 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 September 30, December 31, 2022 2021 Office lease $ 319,133 319,133 Less accumulated depreciation (319,133 ) (266,780 ) Right-of-use asset, net $ - $ 52,353 | Right-of-use asset consists of the following: Schedule of Right-of-use Asset December 31, 2021 December 31, 2020 Office lease $ 319,133 319,133 Less accumulated depreciation (266,780 ) (160,402 ) Right-of-use asset, net $ 52,353 $ 158,731 |
Mining Interests (Tables)
Mining Interests (Tables) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||
Schedule of Mining Interests | Schedule of Mining Interests January 7, 2022 Contract purchase price $ 7,700,000 Less: Credit by seller for prior maintenance payments (300,000 ) Net present value of water treatment cost recovery liability assumed 6,402,425 Closing costs capitalized 2,638 Mine acquisition costs - legal 442,147 Total carrying cost of mine $ 14,247,210 | |
Environmental Protection Agency [Member] | ||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||
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 Not paid November 1, 2022 $ 3,000,000 November 1, 2023 $ 3,000,000 November 1, 2024 $ 2,000,000 | |
EPA Settlement Agreement Amendment [Member] | ||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||
Schedule of Payments for Mining | Schedule of Payments for Mining Date Amount November 1, 2024 $ 3,000,000 November 1, 2025 $ 3,000,000 November 1, 2026 $ 3,000,000 November 1, 2027 $ 3,000,000 November 1, 2028 $ 3,000,000 November 1, 2029 $ 2,000,000 |
Convertible loan payable (Table
Convertible loan payable (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Debt Disclosure [Abstract] | |
Schedule of Convertible Loan Outstanding Interest Payable | Schedule of Convertible Loan Outstanding Interest Payable Amount Balance, June 30, 2019 $ 1,744,327 Accretion expense 146,266 Loss on loan extinguishment 9,407 Partial extinguishment (300,000 ) Balance, June 30, 2020 $ 1,600,000 Loan extinguishment (1,600,000 ) Balance, December 31, 2020 $ - |
Promissory notes payable (Table
Promissory notes payable (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Debt Disclosure [Abstract] | |
Schedule of Fair Value of Derivative Warrant Liability Assumptions | Schedule of Fair Value of Derivative Warrant Liability Assumptions November 2019 issuance December 31, 2020 Maturity at November 13, 2021 Expected life 317 0 Volatility 100 % 100 % Risk free interest rate 0.64 % 0.30 % Dividend yield 0 % 0 % Share price $ 0.41 $ 0.18 Fair value $ 40,999 Nil Change in derivative liability $ (40,999 ) April 2020 issuance December 31, 2020 Maturity at November 13, 2021 Expected life 317 0 Volatility 100 % 100 % Risk free interest rate 0.27 % 0.30 % Dividend yield 0 % 0 % Share price $ 0.41 $ 0.18 Fair value $ 58,373 Nil Change in derivative liability $ (58,373 ) |
Schedule of Promissory Notes Outstanding Interest Payable | Schedule of Promissory Notes Outstanding Interest Payable Amount Balance, June 30, 2019 $ - Proceeds on issuance 300,000 Warrant valuation (206,523 ) Accretion expense 155,001 Balance, June 30, 2020 $ 248,478 Accretion expense 51,522 Debt settlement (189,342 ) Repayment (110,658 ) Balance, December 31, 2020 $ - |
Lease Liability (Tables)
Lease Liability (Tables) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Lease Liability | ||
Schedule of Operating Lease Liability | The Company had an operating lease for office space that expired in May 2022. Below is a summary of the Company’s lease liability as of September 30, 2022: Schedule of Operating Lease Liability Office lease Balance, December 31, 2020 $ 176,607 Addition - Interest expense 12,696 Lease payments (129,191 ) Foreign exchange loss 2,165 Balance, December 31, 2021 62,277 Addition - Interest expense 1,834 Lease payments (64,828 ) Foreign exchange loss 717 Balance, September 30, 2022 $ - | The Company has an operating lease for office space that expires in 2022. Below is a summary of the Company’s lease liability as of December 31, 2021: Schedule of Operating Lease Liability Office lease Balance, December 31, 2019 $ 274,981 Addition - Interest expense 22,156 Lease payments (123,098 ) Foreign exchange gain 2,568 Balance, December 31, 2020 176,607 Addition - Interest expense 12,696 Lease payments (129,191 ) Foreign exchange loss 2,165 Balance, December 31, 2021 62,277 |
Schedule of Lease Obligations | Schedule of Lease Obligations Less than 1 year 1-2 years 2-3 years Total Base rent $ 81,025 $ - $ - $ 81,025 Additional rent 75,030 - - 75,030 $ 156,055 $ - $ - $ 156,055 |
Capital Stock, Warrants and S_2
Capital Stock, Warrants and Stock Options (Tables) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Equity [Abstract] | ||
Schedule of Estimated Using the Binomial Model to Determine the Fair Value of Warrant Liabilities | The warrant liabilities as a result of the June 2019, August 2019, August 2020, February 2021, April 2022 special warrants, April 2022 non-brokered, May 2022 Teck purchase, and June 2022 contractor private placements were revalued as at September 30, 2022, issuance date in 2022, and December 31, 2021 using the Binomial model and the following assumptions: Schedule of Estimated Using the Binomial Model to Determine the Fair Value of Warrant Liabilities April 2022 special warrants issuance September 30, April 1, Expected life 914 1,096 Volatility 120 % 120 % Risk free interest rate 3.72 % 2.35 % Dividend yield 0 % 0 % Share price (C$) $ 0.115 $ 0.29 Fair value $ 1,488,348 $ 5,947,232 Change in derivative liability $ (4,458,884 ) $ - April 2022 non-brokered issuance September 30, April 1, Expected life 914 1,096 Volatility 120 % 120 % Risk free interest rate 3.72 % 2.35 % Dividend yield 0 % 0 % Share price (C$) $ 0.115 $ 0.29 Fair value $ 57,869 $ 186,190 Change in derivative liability $ (128,321 ) $ - May 2022 Teck issuance September 30, May 13, Expected life 956 1,096 Volatility 120 % 120 % Risk free interest rate 3.72 % 2.68 % Dividend yield 0 % 0 % Share price (C$) $ 0.115 $ 0.25 Fair value $ 424,053 $ 1,273,032 Change in derivative liability $ (848,979 ) $ - June 2022 issuance September 30, June 30, Expected life 914 1,006 Volatility 120 % 120 % Risk free interest rate 3.72 % 3.14 % Dividend yield 0 % 0 % Share price (C$) $ 0.115 $ 0.20 Fair value $ 47,895 $ 113,425 Change in derivative liability $ (65,530 ) $ - Bunker Hill Mining Corp. Notes to the Condensed Interim Consolidated Financial Statements (Unaudited) Three and Nine Months Ended September 30, 2022 (Expressed in United States Dollars) February 2021 issuance September 30, December 31, Expected life 1,228 1,501 Volatility 120 % 100 % Risk free interest rate 3.72 % 1.25 % Dividend yield 0 % 0 % Share price (C$) $ 0.115 $ 0.37 Fair value $ 829,987 $ 3,483,745 Change in derivative liability $ (2,653,758 ) $ (329,358 ) August 2020 issuance September 30, December 31, Expected life 335 608 Volatility 120 % 100 % Risk free interest rate 3.79 % 0.95 % Dividend yield 0 % 0 % Share price (C$) $ 0.115 $ 0.37 Fair value $ 484,745 $ 6,790,163 Change in derivative liability $ (6,305,419 ) $ (7,703,052) June 2019 issuance (i) September 30, December 31, Expected life 1,188 1,461 Volatility 120 % 100 % Risk free interest rate 3.72 % 1.02 % Dividend yield 0 % 0 % Share price (C$) $ 0.115 $ 0.37 Fair value $ 460,207 $ 2,067,493 Change in derivative liability $ (1,607,286 ) $ (1,371,346) (i) During the six months ended December 31, 2020, the Company amended the exercise price to C$ 0.59 December 31, 2025 11,660,000 August 2019 issuance (ii) September 30, December 31, Expected life 1,188 1,461 Volatility 120 % 100 % Risk free interest rate 3.72 % 1.02 % Dividend yield 0 % 0 % Share price (C$) $ 0.115 $ 0.37 Fair value $ 707,282 $ 3,177,485 Change in derivative liability $ (2,470,203 ) $ (2,744,785) (ii) During the six months ended December 31, 2020, the Company amended the exercise price to C$ 0.59 December 31, 2025 17,920,000 2,752,900 | 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 December 31, 2021: Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Year Ended December 31, 2021, Six Months Ended December 31, 2020 and Year Ended June 30, 2020 (Expressed in United States Dollars) Schedule of Estimated Using the Binomial Model to Determine the Fair Value of Warrant Liabilities February 2021 issuance February 9 and 16 2021 December 31, 2021 Expected life 1,826 1,501 Volatility 100 % 100 % Risk free interest rate 0.49 % 1.25 % Dividend yield 0 % 0 % Share price $ 0.27 0.29 $ 0.37 Fair value $ 3,813,103 $ 3,483,745 Change in derivative liability $ (329,358 ) 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 December 31, 2021 and December 31, 2020 using the Binomial model and the following assumptions: August 2020 issuance December 31, 2020 December 31, 2021 Expected life 973 608 Volatility 100 % 100 % Risk free interest rate 1.31 % 0.95 % Dividend yield 0 % 0 % Share price $ 0.41 $ 0.37 Fair value $ 14,493,215 $ 6,790,163 Change in derivative liability $ (7,703,052 ) August 2018 issuance December 31, 2020 December 31, 2021 Expected life 221 expired Volatility 100 % Nil % Risk free interest rate 1.23 % Nil % Dividend yield 0 % Nil % Share price $ 0.41 $ Nil Fair value $ 0 $ Nil Change in derivative liability $ Nil November 2018 issuance December 31, 2020 December 31, 2021 Expected life 332 expired Volatility 100 % Nil % Risk free interest rate 1.09 % Nil % Dividend yield 0 % Nil % Share price $ 0.41 $ Nil Fair value $ 52,540 $ Nil Change in derivative liability $ (52,540 ) June 2019 issuance (i) December 31, 2020 December 31, 2021 Expected life 1,826 1,461 Volatility 100 % 100 % Risk free interest rate 0.85 % 1.02 % Dividend yield 0 % 0 % Share price $ 0.41 $ 0.37 Fair value $ 3,438,839 $ 2,067,493 Change in derivative liability $ (1,371,346 ) (i) During the six months ended December 31, 2020, the Company amended the exercise price to C$ 0.59 December 31, 2025 11,660,000 Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Year Ended December 31, 2021, Six Months Ended December 31, 2020 and Year Ended June 30, 2020 (Expressed in United States Dollars) August 2019 issuance (ii) December 31, 2020 December 31, 2021 Expected life 213 1,826 1,461 Volatility 100 % 100 % Risk free interest rate 0.81 % 1.02 % Dividend yield 0 % 0 % Share price $ 0.41 $ 0.37 Fair value $ 5,922,270 $ 3,177,485 Change in derivative liability $ (2,744,785 ) (ii) During the six months ended December 31, 2020, the Company amended the exercise price to C$ 0.59 December 31, 2025 17,920,000 2,752,900 |
Schedule of Warrant Activity | Schedule of Warrant Activity Weighted Weighted average average Number of exercise price grant date warrants (C$) value ($) Balance, December 31, 2020 95,777,806 $ 0.54 $ 0.08 Issued 19,994,080 0.60 0.19 Expired (2,913,308 ) 0.48 0.14 Balance, September 30, 2021 112,858,578 $ 0.55 $ 0.19 Balance, December 31, 2021 111,412,712 $ 0.54 $ 0.18 Issued 50,955,636 0.37 0.15 Expired (239,284 ) 0.70 0.21 Balance, September 30, 2022 162,129,064 $ 0.49 $ 0.17 | Schedule of Warrant Activity Weighted Weighted average average Number of exercise price grant date warrants (C$) value ($) Balance, June 30, 2019 13,046,484 $ 0.88 $ 0.28 Issued 27,360,284 0.27 0.03 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 $ 0.10 Issued 58,284,148 0.50 0.27 Expired (350,746 ) 14.84 5.97 Balance, December 31, 2020 95,777,806 $ 0.54 $ 0.18 Issued 19,994,080 0.60 0.19 Expired (4,359,174 ) 0.59 0.19 Balance, December 31, 2021 111,412,712 $ 0.54 $ 0.18 (i) During the year ended June 30, 2020, 2,332,900 0.25 583,225 417,006 871,710 (ii) During the six months ended December 31, 2020, the Company amended the exercise price to C$ 0.59 December 31, 2025 3,315,200 210,839 |
Schedule of Warrants Outstanding Exercise Price | At September 30, 2022, the following warrants were outstanding: Schedule of Warrants Outstanding Exercise Price Number of Exercise Number of warrants Expiry date price (C$) warrants exercisable August 31, 2023 0.50 58,284,148 58,284,148 December 31, 2025 0.59 32,895,200 32,895,200 February 9, 2026 0.60 17,112,500 17,112,500 February 16, 2026 0.60 2,881,580 2,881,580 April 1, 2025 0.37 40,358,969 40,358,969 May 13, 2025 0.37 10,416,667 10,416,667 162,129,064 162,129,064 | Schedule of Warrants Outstanding Exercise Price Number of Exercise Number of warrants Expiry date price (C$) warrants exercisable 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 2,881,580 111,412,712 111,412,712 |
Schedule of Broker Options | At December 31, 2021, the following broker options were outstanding: Schedule of Broker Options Weighted Number of average broker exercise price options (C$) Balance, June 30, 2020 - $ - Issued - August 2020 Compensation Options 3,239,907 0.35 Balance, December 31, 2020 3,239,907 $ 0.35 Issued – February 2021 Compensation Options 351,000 0.40 Balance, December 31, 2021 3,590,907 0.35 | |
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 Grant Date Risk free interest rate Dividend yield Volatility Stock price Weighted average life August 2020 0.31 % 0 % 100 % C$ 0.35 3 February 2021 0.26 % 0 % 100 % C$ 0.40 3 April 2022 2.34 % 0 % 100 % C$ 0.30 2 | Schedule of Estimated Using Black-Scholes Valuation Model for Fair Value of Broker Options Grant Date Risk free interest rate Dividend yield Volatility Stock price Weighted average life August 2020 0.31 % 0 % 100 % C$ 0.35 3 February 2021 0.26 % 0 % 100 % C$ 0.40 3 |
Schedule of Warrants Outstanding Broker Option Exercise Prices | Schedule of Warrants Outstanding Broker Option Exercise Prices Exercise Number of Expiry date price (C$) broker options Fair value ($) August 31, 2023 (i) $ 0.35 3,239,907 $ 521,993 February 16, 2024 (ii) $ 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 nine months ended September 30, 2022: Schedule of Stock Options Weighted average Number of exercise price stock options (C$) Balance, December 31, 2020 8,015,159 $ 0.62 Granted (i) 1,037,977 0.34 Balance, December 31, 2021 9,053,136 $ 0.58 Granted (ii) 300,000 0.15 Expired May 01, 2022 (47,500 ) Balance, September 30, 2022 9,305,636 $ 0.52 (i) On February 19, 2021, 1,037,977 273,271 764,706 5 0.335 204,213 43,941 160,750 (ii) On August 24, 2022, 300,000 150,000 5 0.15 28,930 14,465 | The following table summarizes the stock option activity during the year ended December 31, 2021, the six months ended December 31, 2020 and the year ended June 30, 2020: Schedule of Stock Options Weighted average Number of exercise price stock options (C$) Balance, June 30, 2019 287,100 $ 7.50 Granted (i)(ii) 7,532,659 0.56 Forfeited (239,600 ) 9.78 Balance, June 30, 2020 7,580,159 $ 0.62 Granted (iii)(iv) 435,000 0.55 Balance, December 31, 2020 8,015,159 $ 0.62 Granted (v) 1,037,977 0.34 Balance, December 31, 2021 9,053,136 $ 0.58 (i) On October 24, 2019, 1,575,000 5 0.60 435,069 50,909 74,949 309,211 Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Year Ended December 31, 2021, Six Months Ended December 31, 2020 and Year Ended June 30, 2020 (Expressed in United States Dollars) (ii) On April 20, 2020, 5,957,659 0.55 5 1,536,764 531,925 403,456 162,855 (iii) On September 30, 2020, 200,000 0.60 50 50 3 52,909 32,651 20,259 nil (iv) On October 30, 2020, 235,000 0.50 December 31, 2022 46,277 46,277 (v) On February 19, 2021, 1,037,977 stock options were issued to an officer of the Company, of which 273,271 stock options vested immediately and the balance of 764,706 stock options vested on December 31, 2021. These options have a 5 -year life and are exercisable at C$ 0.335 per common share. The grant date fair value of the options was estimated at $ 204,213 . The vesting of these options resulted in stock-based compensation of $ 204,213 for the year ended December 31, 2021, which is included in operation and administration expenses on the consolidated statements of income (loss) and comprehensive income (loss). |
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) 0.64 % 0 % 100 % C$ 0.34 5 (ii) On August 24, 2022, 300,000 150,000 150,000 5 0.15 28,930 14,465 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: Risk free interest rate Dividend yield Volatility Stock price Weighted average life (ii) 3.27 % 0 % 120 % C$ 0.15 5 | 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) 0.26 % 0 % 100 % C$ 0.49 2.2 (v) 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 December 31, 2021: Schedule of Stock Option Issued and Outstanding Weighted average Number of remaining Number of options Exercise contractual options vested Grant date price (C$) life (years) outstanding (exercisable) fair value ($) $ 10.00 0.00 47,500 47,500 $ 258,013 0.50 0.03 235,000 235,000 46,277 0.60 0.04 200,000 200,000 52,909 0.60 0.49 1,575,000 1,575,000 435,069 0.55 2.17 5,957,659 1,489,415 1,536,764 0.335 0.47 1,037,977 1,037,977 204,213 9,053,136 4,584,892 $ 2,533,245 | |
Schedule of Compensation Options | At September 30, 2022, the following compensation options were outstanding: Schedule of Compensation Options Weighted Number of average compensation exercise price options (C$) Issued - August 2020 Compensation Options 3,239,907 $ 0.35 Balance, December 31, 2020 3,239,907 0.35 Issued – February 2021 Compensation Options 351,000 0.35 Balance, December 31, 2021 3,590,907 0.35 Issued – April 2022 Compensation Options 1,879,892 0.30 Balance, September 30, 2022 5,470,799 $ 0.34 | |
Schedule of Broker Exercise Prices | Schedule of Broker Exercise Prices Exercise Number of Fair value Expiry date price (C$) broker options ($) August 31, 2023 (i) $ 0.35 3,239,907 $ 521,993 February 16, 2024 (ii) $ 0.40 351,000 $ 68,078 April 1, 2024 (iii) $ 0.30 1,879,892 $ 264,435 5,470,799 $ 854,506 (i) Exercisable into one August 2020 Unit (ii) Exercisable into one February 2021 Unit (iii) Exercisable into one April 2022 Unit | |
Schedule of Actual Stock Options Issued and Outstanding | The following table reflects the actual stock options issued and outstanding as of September 30, 2022: Schedule of Actual Stock Options Issued and Outstanding Number of remaining Number of options Exercise contractual options vested Grant date price (C$) life (years) outstanding (exercisable) fair value ($) 0.50 0.5 235,000 235,000 46,277 0.60 1.25 200,000 200,000 52,909 0.60 2.35 1,575,000 1,575,000 435,069 0.55 2.81 5,957,659 1,489,415 1,536,764 0.335 3.64 1,037,977 1,037,977 204,213 0.15 4.90 300,000 150,000 28,930 9,305,636 4,687,392 $ 2,304,162 |
Restricted Share Units (Tables)
Restricted Share Units (Tables) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Share-Based Payment Arrangement [Abstract] | ||
Schedule of Restricted Share Units | The following table summarizes the RSU activity during the year ended December 31, 2021, the six months ended December 31, 2020, and the year ended June 30, 2020: Schedule of Restricted Share Units Weighted average grant date fair value Number of per share shares (C$) Unvested as at June 30, 2019 - $ - Granted (i)(ii) 600,000 0.40 Vested - - Forfeited - - Unvested as at June 30, 2020 600,000 $ 0.40 Granted (iii)(iv) 388,990 0.39 Unvested as at December 31, 2020 988,990 $ 0.39 Granted 1,348,434 0.38 Vested (1,516,299 ) 0.41 Forfeited (245,125 ) 0.52 Unvested as at December 31, 2021 576,000 $ 0.62 (i) On April 14, 2020, the Company granted 400,000 71,829 55,135 23,073 (ii) On April 20, 2020, the Company granted 200,000 24,659 18,703 7,217 (iii) On November 16, 2020, the Company granted 168,000 30,510 3,998 (iv) On December 6, 2020, the Company granted 220,990 58,740 29,304 (v) On January 1, 2021, the Company granted 735,383 245,128 490,258 245,125 64,870 199,542 Bunker Hill Mining Corp. Notes to Consolidated Financial Statements Year Ended December 31, 2021, Six Months Ended December 31, 2020 and Year Ended June 30, 2020 (Expressed in United States Dollars) (vi) On July 1, 2021, the Company granted 17,823 4,026 (vii) On August 5, 2021, the Company granted 595,228 100,022 | |
Schedule of Restricted Share Units | The following table summarizes the RSU activity during the nine months ended September 30, 2022: Schedule of Restricted Share Units Weighted average grant date fair value Number of per share shares (C$) Unvested as at December 31, 2020 988,990 $ 0.39 Granted 1,348,434 0.38 Vested (1,516,299 ) 0.41 Forfeited (245,125 ) 0.52 Unvested as at December 31, 2021 576,000 $ 0.62 Granted 624,750 0.29 Vested (774,750 ) 0.40 Unvested as at September 30, 2022 426,000 $ 0.60 |
Deferred Share Units (Tables)
Deferred Share Units (Tables) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Deferred Share Units | ||
Schedule of Deferred Share Units | The following table summarizes the DSU activity during the years ended December 31, 2021 and 2020: Schedule of Deferred Share Units Weighted average grant date fair value Number of per share shares (C$) Unvested as at June 30, 2019 - $ - Granted (i) 7,500,000 1.03 Vested (1,875,000 ) 0.65 Unvested as at June 30, 2020 and December 31, 2020 7,500,000 $ 1.03 Vested (1,875,000 ) 1.03 Unvested as at December 31, 2021 5,625,000 $ 1.03 (i) On April 21, 2020, the Company granted 7,500,000 5 421,284 560,461 549,664 1,531,409 | |
Schedule of Deferred Share Units | The following table summarizes the DSU activity during the nine months ended September 30, 2022 and 2021: Schedule of Deferred Share Units Weighted average grant date fair value Number of per share shares (C$) Unvested as at December 31, 2020 and September 30, 2021 (i) 7,500,000 $ 1.03 Unvested as at December 31, 2021 5,625,000 $ 1.03 Granted (i) 210,000 0.20 Vested (ii)(iii) (3,125,000 ) 1.03 Unvested as at September 30, 2022 2,710,000 $ 1.00 (i) On April 21, 2020, the Company granted 7,500,000 5 210,000 12 493,060 430,964 2,500,000 363,648 (ii) On March 31, 2022, the Board approved the early vesting of 625,000 (iii) During the nine months ended September 30, 2022, the director redeemed 2,500,000 750,000 375,000 0.30 |
Income taxes (Tables)
Income taxes (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
Schedule of Income Tax Provision | As at December 31, 2021, December 31, 2020, and June 30, 2020, the Company had no accrued interest and penalties related to uncertain tax positions. The income tax provision differs from the amount of income tax determined by applying the U.S. federal tax rate of 21.0 % (December 31, 2020 – 21.0%) to pretax loss from operations for the periods ended December 31, 2021 and December 31, 2020 and year ended June 30, 2020 due to the following: Schedule of Income Tax Provision Year Six Months Year Ended Ended Ended December 31, December 31, June 30, 2021 2020 2020 Loss before income taxes $ 6,402,277 $ 2,164,454 $ 31,321,791 Expected income tax recovery (1,344,478 ) (454,535 ) (6,577,576 ) Change in estimates in respect of prior periods 837,195 - - Change in tax rate 274,477 181,332 - Change in fair value of derivative liability (2,583,095 ) - - State and local taxes, net of federal benefit (960,296 ) 17,632 (1,576,384 ) Share issuance costs - 198,903 - Accretion - 24,862 81,746 Stock based compensation - 296,448 219,952 Loss on loan extinguishment - - 223,798 Other 5,033 2,006 980 Change in valuation allowance 3,771,164 (266,647 ) 7,627,485 Total $ - $ - $ - |
Schedule of Deferred Tax Assets | Deferred tax assets and the valuation account are as follows: Schedule of Deferred Tax Assets December 31, December 31, June 30, 2021 2020 2020 Deferred tax asset: Net operating loss carry forwards $ 6,724,313 $ 5,547,502 $ 6,148,029 Mineral interest purchase option 10,707,362 7,101,619 5,068,605 Other deferred tax assets 454,499 1,453,133 3,600,101 Valuation allowance (17,886,174 ) (14,115,010 ) (14,832,531 ) Unrealized foreign exchange loss - 12,756 15,796 Total $ - $ - $ - |
Schedule of Components of Deferred Tax Assets and Liabilities | Schedule of Components of Deferred Tax Assets and Liabilities December 31, December 31, June 30, 2021 2020 2020 Deferred tax asset: Net operating loss carryforwards $ 59,955 $ 16,241 $ 9,910 Lease liabilities - - 56,322 Deferred tax liabilities: Equipment (18,809 ) (16,241 ) (9,910 ) Unrealized foreign exchange gain (41,146 ) - - Right of use assets and lease obligations - - (56,322 ) Net deferred tax asset $ - $ - $ - |
Related party transactions (Tab
Related party transactions (Tables) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 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 Nine Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2022 2021 2022 2021 Consulting fees and wages $ 248,472 $ 276,049 $ 1,832,323 $ 846,604 | 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 Nine Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2022 2021 2022 2021 Consulting fees and wages $ 248,472 $ 276,049 $ 1,832,323 $ 846,604 |
Environmental Protection Agen_2
Environmental Protection Agency Agreement and Water Treatment Liabilities (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Environmental Remediation Obligations [Abstract] | |
Schedule of Amended Settlement Environmental Protection Agency Agreement | Schedule of Amended Settlement Environmental Protection Agency Agreement Date Amount Within 30 days of Settlement Agreement $ 2,000,000 November 1, 2024 $ 3,000,000 November 1, 2025 $ 3,000,000 November 1, 2026 $ 3,000,000 November 1, 2027 $ 3,000,000 November 1, 2028 $ 3,000,000 November 1, 2029 $ 2,000,000 plus accrued interest |
Promissory Note Payable and C_2
Promissory Note Payable and Convertible Debentures (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Debt Disclosure [Abstract] | |
Schedule of Key Valuation Inputs | Consistent with the approach above, the following table summarizes the key valuation inputs as at applicable valuation dates: Schedule of Key Valuation Inputs Reference (2)(4) (5) Valuation date Maturity date Contractual Stock price (US$) Expected equity volatility Credit spread Risk-free rate Risk- adjusted rate CD1 note (1)(3) 01-28-22 07-07-23 7.50 % 0.230 120 % 8.70 % 0.92 % 16.18 % RCD note (stream not advanced scenario) 01-07-22 07-07-23 9.00 % 0.242 130 % 9.21 % 0.65 % 16.39 % RCD note (stream advanced) scenario 01-07-22 06-30-22 9.00 % 0.242 130 % 9.16 % 0.23 % 15.96 % CD1 note (1)(3) 03-31-22 07-07-23 7.50 % 0.235 120 % 8.85 % 1.80 % 17.12 % RCD note (stream not advanced scenario) 03-31-22 07-07-23 9.00 % 0.235 120 % 8.85 % 1.80 % 17.12 % RCD note (stream advanced) scenario 03-31-22 06-30-22 9.00 % 0.235 120 % 8.78 % 0.52 % 15.88 % CD2 note 06-17-22 03-31-25 10.50 % 0.222 120 % 9.45 % 3.28 % 20.95 % CD2 note 06-30-22 03-31-25 10.50 % 0.225 120 % 10.71 % 2.95 % 21.78 % CD1 note 06-30-22 03-31-25 7.50 % 0.233 120 % 10.71 % 2.95 % 19.89 % RCD note (stream not advanced scenario) 06-30-22 03-31-25 9.00 % 120 % 10.71 % 2.95 % 19.89 % RCD note (stream advanced) scenario 06-30-22 09-30-22 9.00 % 120 % 10.85 % 1.72 % 18.89 % CD1 note 09-30-22 03-31-25 7.50 % 0.085 120 % 13.31 % 4.19 % 23.35 % RCD note (stream not advanced) 09-30-22 03-31-25 9.00 % 0.085 120 % 13.31 % 4.19 % 23.35 % RCD note (stream advanced) 09-30-22 11-30-22 9.00 % 0.085 120 % 13.85 % 3.04 % 22.79 % CD2 note 09-30-22 03-31-25 10.50 % 0.085 120 % 13.31 % 4.19 % 25.21 % (1) The CD’s carries a Discount for Lack of Marketability (“DLOM”) of 5.0 (2) CD1 and RCD carry an instrument-specific spread of 7.23 9.32 (3) The conversion price of the CD1 is $ 0.219 0.212 (4) A project risk rate of 13.0 (5) The probabilities for the stream being advanced and the stream not being advanced is 59 41 |
Schedule of Fair Value Derivative Liability | The resulting fair values of the CD1, RCD, and CD2 at the issuance dates, June 30, 2022, and as of September 30, 2022 were as follows: Schedule of Fair Value Derivative Liability Instrument Description Issuance date CD1 and RCD Issuance date CD2 March 31, June 30, September 30, CD1 $ 6,320,807 $ - $ 6,303,567 $ 5,633,253 $ 4,892,435 RCD 7,679,193 - 7,886,743 7,078,596 7,359,776 CD2 - 15,000,000 - 14,176,578 12,710,097 Total $ 14,000,000 $ 15,000,000 $ 14,190,310 $ 26,888,427 $ 24,962,308 |
Income per Share (Tables)
Income per Share (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Net loss per common share | |
Schedule of Income Per Share | Schedule of Income Per Share Three Months ended September 30, 2022 Three Months ended September 30, 2021 Nine Months ended September 30, 2022 Nine Months ended September 30, 2021 Net income (loss) and comprehensive income (loss) for the period 4,315,403 3,960,630 13,860,884 9,843,495 Basic income (loss) per share Weighted average number of common shares - basic 219,466,235 164,179,999 198,364,188 160,690,371 Net income (loss) per share – basic 0.02 0.02 0.07 0.06 Net income (loss) and comprehensive income (loss) for the period 4,315,403 3,960,630 13,860,884 9,843,495 Dilutive effect of convertible debentures (502,389 ) - (1,945,686 ) - Dilutive effect of warrants on net income - - - - Diluted net income (loss) and comprehensive income (loss) for the period 3,813,014 3,960,630 11,915,198 9,843,495 Diluted income (loss) per share 219,466,234 164,179,999 198,364,188 160,690,371 Weighted average number of common shares - basic Diluted effect: Warrants, broker options, and stock options, convertible debentures, and RSUs 98,738,276 150,000 52,317,205 150,000 Weighted average number of common shares - fully diluted 318,204,510 164,329,999 250,681,393 160,840,371 Net income (loss) per share - fully diluted 0.01 0.02 0.05 0.06 |
Nature and Continuance of Ope_2
Nature and Continuance of Operations and Going Concern (Details Narrative) - USD ($) | 9 Months Ended | ||
Sep. 30, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Accumulated deficit | $ 59,626,902 | $ 72,491,150 | $ 66,088,873 |
Long term liability net of discount | $ 7,420,024 | ||
Entity incorporation, state or country code | NV | ||
Environmental Protection Agency [Member] | |||
Long term debt current | $ 3,847,141 | 16,417,208 | |
Long term liability net of discount | $ 7,420,024 | $ 11,000,000 |
Significant accounting polici_3
Significant accounting policies (Details Narrative) - shares | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Share-Based Payment Arrangement, Option [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Anti-dilutive securities excluded from earnings per share | 9,053,136 | 8,015,159 |
Warrant [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Anti-dilutive securities excluded from earnings per share | 111,412,712 | 95,777,806 |
Broker Options [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Anti-dilutive securities excluded from earnings per share | 3,590,907 | 3,239,907 |
Minimum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Estimated useful lives of equipment | 3 years | |
Maximum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Estimated useful lives of equipment | 10 years |
Schedule of Equipment (Details)
Schedule of Equipment (Details) - USD ($) | Sep. 30, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Property, Plant and Equipment [Line Items] | |||
Equipment, gross | $ 920,571 | $ 603,972 | $ 509,279 |
Less accumulated depreciation | (326,983) | (207,078) | (73,552) |
Equipment, net | 593,588 | 396,894 | 435,727 |
Equipment [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Equipment, gross | $ 920,571 | $ 603,972 | $ 509,279 |
Plant & Equipment (Details Narr
Plant & Equipment (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||
Aug. 30, 2022 | May 13, 2022 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2020 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | Jun. 30, 2020 | Dec. 15, 2022 | Oct. 15, 2022 | Sep. 15, 2022 | Jan. 07, 2022 | |
Property, Plant and Equipment [Line Items] | |||||||||||||
Depreciation expense | $ 106,808 | $ 172,259 | $ 178,744 | $ 239,904 | $ 123,956 | ||||||||
Description for package comprises of property | The package comprises substantially all processing equipment of value located at the Pend Oreille mine site, including complete crushing, grinding and flotation circuits suitable for a planned ~1,500 ton-per-day operation at the Bunker Hill site, and total inventory of nearly 10,000 components and parts for mill, assay lab, conveyer, field instruments, and electrical spares. | ||||||||||||
Non-refundable deposit | $ 500,000 | 500,000 | $ 500,000 | ||||||||||
Sales tax paid | $ 231,000 | 231,000 | 231,000 | ||||||||||
Cash | 731,000 | ||||||||||||
Value of shares issued | $ 1,970,264 | 1,970,264 | 1,970,264 | ||||||||||
Value of warrants issued | 1,273,032 | 1,273,032 | |||||||||||
Total value | 3,974,296 | 3,974,296 | |||||||||||
Security deposit | 1,000,000 | 1,000,000 | |||||||||||
Ball Mill [Member] | |||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||
Non-refundable deposit | $ 475,000 | $ 100,000 | $ 100,000 | ||||||||||
Purchase of non-refundable deposit | 100,000 | ||||||||||||
D Angelo International L L C [Member] | |||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||
Purchase payments | $ 675,000 | ||||||||||||
Equipment [Member] | |||||||||||||
Property, Plant and Equipment [Line Items] | |||||||||||||
Depreciation expense | $ 42,814 | $ 34,565 | $ 52,784 | $ 119,905 | $ 98,961 | $ 133,526 | $ 17,577 |
Schedule of Right-of-use Asset
Schedule of Right-of-use Asset (Details) - USD ($) | Sep. 30, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Right-of-use Asset | |||
Office lease | $ 319,133 | $ 319,133 | $ 319,133 |
Less accumulated depreciation | (319,133) | (266,780) | (160,402) |
Right-of-use asset, net | $ 52,353 | $ 158,731 |
Right-of-Use Asset (Details Nar
Right-of-Use Asset (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2020 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | Jun. 30, 2020 | |
Right-of-use Asset | |||||||
Depreciation of right use of assets | $ 26,594 | $ 54,024 | $ 52,353 | $ 79,783 | $ 106,378 | $ 106,378 |
Schedule of Payments for Mining
Schedule of Payments for Mining (Details) | 12 Months Ended |
Dec. 31, 2021 USD ($) | |
Within 30 Days of the Effective Date [Member] | Environmental Protection Agency [Member] | |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |
Lease liability payments due | $ 1,000,000 |
Lease liability payment action | Paid |
November 1, 2018 [Member] | Environmental Protection Agency [Member] | |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |
Lease liability payments due | $ 2,000,000 |
Lease liability payment action | Not paid |
November 1, 2019 [Member] | Environmental Protection Agency [Member] | |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |
Lease liability payment action | Not paid |
November 1, 2019 [Member] | Option to Purchase Agreement [Member] | |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |
Lease liability payments due | $ 3,000,000 |
November 1, 2020 [Member] | Environmental Protection Agency [Member] | |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |
Lease liability payments due | $ 3,000,000 |
Lease liability payment action | Not paid |
November 1, 2021 [Member] | Environmental Protection Agency [Member] | |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |
Lease liability payments due | $ 3,000,000 |
Lease liability payment action | Not paid |
November 1, 2022 [Member] | Environmental Protection Agency [Member] | |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |
Lease liability payments due | $ 3,000,000 |
November 1, 2023 [Member] | Environmental Protection Agency [Member] | |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |
Lease liability payments due | 3,000,000 |
November 1, 2024 [Member] | Environmental Protection Agency [Member] | |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |
Lease liability payments due | 2,000,000 |
November 1, 2024 [Member] | EPA Settlement Agreement Amendment [Member] | |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |
Lease liability payments due | 3,000,000 |
November 1, 2025 [Member] | EPA Settlement Agreement Amendment [Member] | |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |
Lease liability payments due | 3,000,000 |
November 1, 2026 [Member] | EPA Settlement Agreement Amendment [Member] | |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |
Lease liability payments due | 3,000,000 |
November 1, 2027 [Member] | EPA Settlement Agreement Amendment [Member] | |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |
Lease liability payments due | 3,000,000 |
November 1, 2028 [Member] | EPA Settlement Agreement Amendment [Member] | |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |
Lease liability payments due | 3,000,000 |
November 1, 2029 [Member] | EPA Settlement Agreement Amendment [Member] | |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |
Lease liability payments due | $ 2,000,000 |
Mining Interests (Details Narra
Mining Interests (Details Narrative) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||||||||||||||
Mar. 22, 2022 USD ($) | Mar. 03, 2022 USD ($) | Jan. 07, 2022 USD ($) | Jan. 07, 2022 USD ($) | Nov. 20, 2020 USD ($) | Jul. 27, 2020 USD ($) | Nov. 01, 2019 USD ($) | Oct. 02, 2018 USD ($) | Oct. 31, 2017 USD ($) | Jan. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) a | Dec. 31, 2017 USD ($) | Sep. 30, 2022 USD ($) | Sep. 30, 2021 USD ($) | Mar. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | Jun. 30, 2020 USD ($) | Sep. 30, 2022 USD ($) | Sep. 30, 2022 CAD ($) | Sep. 30, 2021 USD ($) | Dec. 31, 2021 USD ($) a | Dec. 31, 2021 CAD ($) | Dec. 31, 2020 USD ($) | Jun. 30, 2020 USD ($) | Jun. 30, 2017 USD ($) | Nov. 13, 2018 USD ($) | |||
Reserve Quantities [Line Items] | ||||||||||||||||||||||||||||
Mine improvements | $ 356,149 | $ 356,149 | ||||||||||||||||||||||||||
Mining lease payments | 64,828 | $ 129,191 | $ 13,504 | $ 123,098 | ||||||||||||||||||||||||
Option extension fee | 929,977 | $ 442,906 | $ 657,652 | 4,867,553 | 1,327,774 | $ 1,533,954 | $ 553,152 | |||||||||||||||||||||
Lease term description | expires in May 2022 | expires in May 2022 | ||||||||||||||||||||||||||
Number shares issued of common shares | $ 6,168,069 | 14,262,694 | [1] | $ 750,000 | 1,208,389 | [2] | ||||||||||||||||||||||
Proceeds from convertible debt | 29,000,000 | |||||||||||||||||||||||||||
Costs Incurred, Exploration Costs | 3,873,359 | $ 5,905,235 | $ 5,998,615 | |||||||||||||||||||||||||
EPA cost recovery payable - short-term | $ 11,000,000 | 8,000,000 | 11,000,000 | 8,000,000 | ||||||||||||||||||||||||
Contract purchase price | $ 7,700,000 | $ 7,700,000 | ||||||||||||||||||||||||||
Credit by seller for prior maintenance payments | 300,000 | 300,000 | ||||||||||||||||||||||||||
Land purchase | $ 202,000 | $ 202,000 | ||||||||||||||||||||||||||
Common Stock [Member] | ||||||||||||||||||||||||||||
Reserve Quantities [Line Items] | ||||||||||||||||||||||||||||
Number shares issued of common shares | $ 20 | 56 | [1] | 35 | [2] | |||||||||||||||||||||||
Subsequent Event [Member] | ||||||||||||||||||||||||||||
Reserve Quantities [Line Items] | ||||||||||||||||||||||||||||
Mine improvements | $ 200,000 | 5,400,000 | ||||||||||||||||||||||||||
Mining lease payments | 300,000 | |||||||||||||||||||||||||||
Purchases price consideration | 7,700,000 | |||||||||||||||||||||||||||
Payable in cash | $ 2,000,000 | |||||||||||||||||||||||||||
Liability assumed | 19,000,000 | 19,000,000 | ||||||||||||||||||||||||||
Settlement payment | 2,900,000 | |||||||||||||||||||||||||||
Environmental Protection Agency [Member] | ||||||||||||||||||||||||||||
Reserve Quantities [Line Items] | ||||||||||||||||||||||||||||
Lessee, Operating Lease, Liability, to be Paid | 17,000,000 | 17,000,000 | ||||||||||||||||||||||||||
Placer Mining Corp [Member] | Bunker Assets [Member] | ||||||||||||||||||||||||||||
Reserve Quantities [Line Items] | ||||||||||||||||||||||||||||
Option to purchase lease asset price | $ 45,000,000 | |||||||||||||||||||||||||||
Royalty percentage of net smelter return on sales | 3% | 3% | ||||||||||||||||||||||||||
Royalty percentage of net smelter return after purchase option | 1.50% | 1.50% | ||||||||||||||||||||||||||
Post-acquisition of net smelter return cost | $ 60,000,000 | |||||||||||||||||||||||||||
Letter of Intent [Member] | ||||||||||||||||||||||||||||
Reserve Quantities [Line Items] | ||||||||||||||||||||||||||||
Mine improvements | $ 300,000 | |||||||||||||||||||||||||||
Definitive Agreement [Member] | Placer Mining Corp [Member] | ||||||||||||||||||||||||||||
Reserve Quantities [Line Items] | ||||||||||||||||||||||||||||
Bonus payment for mining assets | $ 1,000,000 | $ 500,000 | ||||||||||||||||||||||||||
Mining lease payments | $ 100,000 | |||||||||||||||||||||||||||
Payment for previous lease acquisition | 7,700,000 | |||||||||||||||||||||||||||
Payment for previous lease acquisition | 300,000 | |||||||||||||||||||||||||||
Deposit for acquisition | $ 2,000,000 | |||||||||||||||||||||||||||
Option to Purchase Agreement [Member] | Placer Mining Corp [Member] | ||||||||||||||||||||||||||||
Reserve Quantities [Line Items] | ||||||||||||||||||||||||||||
Mine improvements | $ 60,000 | |||||||||||||||||||||||||||
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% | |||||||||||||||||||||||||||
Reducation of monthly lease payments | $ 60,000 | |||||||||||||||||||||||||||
Accumulated reduction of lease payments | $ 140,000 | |||||||||||||||||||||||||||
Option to extend lease period | the Company extended the lease with Placer Mining for a further 18 months for a $150,000 extension fee. This extension expires on August 1, 2022 | the option to extend for a further six months based upon payment of a one-time $60,000 extension fee (extended) | ||||||||||||||||||||||||||
Option extension fee | $ 60,000 | |||||||||||||||||||||||||||
Cash payment | 300,000 | |||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||
Purchases price consideration | $ 7,700,000 | |||||||||||||||||||||||||||
Payable in cash | 5,700,000 | |||||||||||||||||||||||||||
Aggregate in amount | 300,000 | |||||||||||||||||||||||||||
Payments for cash outstanding | 5,400,000 | |||||||||||||||||||||||||||
Consideration shares | 2,000,000 | 2,000,000 | ||||||||||||||||||||||||||
Gain on settlement of accounts payable | 1,787,300 | |||||||||||||||||||||||||||
Advance payment | 2,000,000 | |||||||||||||||||||||||||||
Payments to acquire productive assets | 2,000,000 | |||||||||||||||||||||||||||
Accrued liabilities in accounts payable | 1,847,300 | 1,847,300 | ||||||||||||||||||||||||||
Proceeds from convertible debt | 8,000,000 | |||||||||||||||||||||||||||
Option to Purchase Agreement [Member] | Placer Mining Corp [Member] | Maximum [Member] | ||||||||||||||||||||||||||||
Reserve Quantities [Line Items] | ||||||||||||||||||||||||||||
Payable in cash | $ 5,400,000 | |||||||||||||||||||||||||||
Area of Land | a | 5,800 | 5,800 | ||||||||||||||||||||||||||
Option to Purchase Agreement [Member] | Placer Mining Corp [Member] | Minimum [Member] | ||||||||||||||||||||||||||||
Reserve Quantities [Line Items] | ||||||||||||||||||||||||||||
Payable in cash | $ 3,400,000 | |||||||||||||||||||||||||||
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] | ||||||||||||||||||||||||||||
Reserve Quantities [Line Items] | ||||||||||||||||||||||||||||
Payments for cost recovery | 20,000,000 | 20,000,000 | ||||||||||||||||||||||||||
Payments on cost recovery | 11,000,000 | 8,000,000 | 5,000,000 | $ 11,000,000 | 8,000,000 | 5,000,000 | ||||||||||||||||||||||
Lease payments | 5,110,706 | 3,136,050 | 2,309,388 | 5,110,706 | 3,136,050 | 2,309,388 | ||||||||||||||||||||||
Incremental Liabilities | $ 2,963,111 | $ 2,963,111 | ||||||||||||||||||||||||||
Investment Interest Rate | 0.10% | 0.10% | ||||||||||||||||||||||||||
Interest Receivable | $ 306,502 | 162,540 | 89,180 | $ 306,502 | 162,540 | 89,180 | ||||||||||||||||||||||
Accrual amount per month | 165,000 | 165,000 | ||||||||||||||||||||||||||
Annual accrual amount | 880,000 | 880,000 | ||||||||||||||||||||||||||
Annual accrual amount | 5,110,706 | |||||||||||||||||||||||||||
Accounts Payable and Accrued Liabilities | 16,417,208 | 11,298,594 | $ 7,915,235 | 16,417,208 | 11,298,594 | $ 7,915,235 | ||||||||||||||||||||||
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] | 30 Days [Member] | ||||||||||||||||||||||||||||
Reserve Quantities [Line Items] | ||||||||||||||||||||||||||||
Payments for cost recovery | $ 1,000,000 | $ 1,000,000 | ||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||
EPA Settlement Agreement Amendment [Member] | ||||||||||||||||||||||||||||
Reserve Quantities [Line Items] | ||||||||||||||||||||||||||||
Payments for cost recovery | 2,000,000 | 2,000,000 | ||||||||||||||||||||||||||
Liability assumed | 19,000,000 | 19,000,000 | ||||||||||||||||||||||||||
Increase in liability assumed | 8,000,000 | 8,000,000 | ||||||||||||||||||||||||||
Settlement payment | 2,900,000 | |||||||||||||||||||||||||||
Letters of Credit Outstanding, Amount | $ 17,000,000 | $ 17,000,000 | ||||||||||||||||||||||||||
EPA Settlement Agreement Amendment [Member] | Subsequent Event [Member] | ||||||||||||||||||||||||||||
Reserve Quantities [Line Items] | ||||||||||||||||||||||||||||
Loss contingency accrual, provision | $ 2,900,000 | |||||||||||||||||||||||||||
Amended Agreement Member Placer Mining Corp [Member] | ||||||||||||||||||||||||||||
Reserve Quantities [Line Items] | ||||||||||||||||||||||||||||
Mine improvements | 2,000,000 | |||||||||||||||||||||||||||
Purchases price consideration | 7,700,000 | |||||||||||||||||||||||||||
Payable in cash | 5,700,000 | |||||||||||||||||||||||||||
Consideration shares | 2,000,000 | |||||||||||||||||||||||||||
Remaining payments purchase assets | 300,000 | |||||||||||||||||||||||||||
Amended Agreement Member Placer Mining Corp [Member] | Minimum [Member] | ||||||||||||||||||||||||||||
Reserve Quantities [Line Items] | ||||||||||||||||||||||||||||
Payable in cash | 3,400,000 | |||||||||||||||||||||||||||
Number shares issued of common shares | 2,000,000 | |||||||||||||||||||||||||||
E P A Settlement Agreement Member Placer Mining Corp [Member] | ||||||||||||||||||||||||||||
Reserve Quantities [Line Items] | ||||||||||||||||||||||||||||
Payable in cash | 5,400,000 | |||||||||||||||||||||||||||
Incremental Liabilities | 8,000,000 | 8,000,000 | ||||||||||||||||||||||||||
EPA cost recovery payable - short-term | $ 11,000,000 | |||||||||||||||||||||||||||
Payments purchase asset | 3,400,000 | |||||||||||||||||||||||||||
Contract purchase price | 7,700,000 | 7,700,000 | ||||||||||||||||||||||||||
Payments for deposits | 2,000,000 | |||||||||||||||||||||||||||
Credit by seller for prior maintenance payments | 300,000 | $ 300,000 | ||||||||||||||||||||||||||
E P A Settlement Agreement Member Placer Mining Corp [Member] | Common Stock [Member] | ||||||||||||||||||||||||||||
Reserve Quantities [Line Items] | ||||||||||||||||||||||||||||
Remaining payments purchase assets | $ 2,000,000 | |||||||||||||||||||||||||||
[1]Units issued at C$ 0.35 0.26 0.05 0.04 |
Schedule of Convertible Loan Ou
Schedule of Convertible Loan Outstanding Interest Payable (Details) - USD ($) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | ||||
Oct. 09, 2020 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2020 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | Jun. 30, 2020 | |
Short-Term Debt [Line Items] | ||||||||
Accretion expense | $ 118,388 | $ 359,267 | ||||||
Loss on loan extinguishment | $ 23,376 | (875,861) | $ (56,146) | (56,146) | (1,056,296) | |||
Convertible Loan Payable [Member] | ||||||||
Short-Term Debt [Line Items] | ||||||||
Balance, June 30, 2020 | 1,600,000 | 1,744,327 | ||||||
Accretion expense | 146,266 | |||||||
Loss on loan extinguishment | 9,407 | |||||||
Partial extinguishment | (300,000) | |||||||
Loan extinguishment | (1,600,000) | |||||||
Balance, December 31, 2020 | $ 1,600,000 |
Convertible loan payable (Detai
Convertible loan payable (Details Narrative) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||||||
Oct. 09, 2020 USD ($) shares | Jun. 13, 2018 USD ($) shares | Apr. 30, 2022 shares | Oct. 31, 2020 USD ($) shares | Jun. 30, 2020 USD ($) | Feb. 29, 2020 USD ($) shares | Jun. 30, 2019 USD ($) shares | Aug. 31, 2018 USD ($) shares | Sep. 30, 2022 USD ($) shares | Sep. 30, 2021 USD ($) | Dec. 31, 2020 USD ($) | Sep. 30, 2022 USD ($) shares | Sep. 30, 2021 USD ($) | Dec. 31, 2021 USD ($) shares | Jun. 30, 2020 USD ($) | Jun. 30, 2019 USD ($) | Jun. 17, 2022 USD ($) | Oct. 31, 2020 $ / shares | Aug. 31, 2018 $ / shares | Jun. 13, 2018 $ / shares | |
Short-Term Debt [Line Items] | ||||||||||||||||||||
Loan interest rate | 9% | |||||||||||||||||||
Warrants to purchase shares | shares | 162,129,064 | 162,129,064 | 111,412,712 | |||||||||||||||||
Convertible loan payable | $ 66,000,000 | |||||||||||||||||||
Loss on loan extinguishment | $ 23,376 | $ (875,861) | $ (56,146) | $ (56,146) | $ (1,056,296) | |||||||||||||||
Number of shares issued | shares | 5,572,980 | 1,315,856 | 375,000 | |||||||||||||||||
Accretion expense | 118,388 | 359,267 | ||||||||||||||||||
Interest expense | 1,026,233 | 8,219 | 124,367 | $ 2,143,840 | 8,219 | $ 102,740 | 202,426 | |||||||||||||
Interest payable | $ 192,923 | $ 306,501 | $ 192,923 | $ 306,501 | ||||||||||||||||
Other Income [Member] | ||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||
Loss on loan extinguishment | $ 23,376 | |||||||||||||||||||
Convertible Loan Payable [Member] | ||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||
Loan interest rate | 16% | |||||||||||||||||||
Convertible loan payable | $ 1,600,000 | $ 1,744,327 | 1,600,000 | $ 1,744,327 | ||||||||||||||||
Conversion price per share | $ / shares | $ 0.49 | |||||||||||||||||||
Loss on loan extinguishment | 9,407 | |||||||||||||||||||
Number of shares issued | shares | 5,572,980 | |||||||||||||||||||
Accretion expense | 146,266 | |||||||||||||||||||
Interest expense | 118,767 | 179,726 | ||||||||||||||||||
Interest payable | $ 381,233 | $ 381,233 | ||||||||||||||||||
Humming Bird Resources PLC [Member] | ||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||
Warrants to purchase shares | shares | 116,714 | |||||||||||||||||||
Warrants exercise price per share | $ / shares | $ 4.50 | |||||||||||||||||||
Convertible loan payable | $ 2,000,000 | |||||||||||||||||||
Debt conversion original debt amount | 1,500,000 | |||||||||||||||||||
Debt issuance costs | $ 45,824 | |||||||||||||||||||
Maturity date | Jul. 31, 2020 | Jun. 30, 2020 | ||||||||||||||||||
Loss on loan extinguishment | $ 9,407 | 8,193 | $ 1,195,880 | |||||||||||||||||
Repayment of convertible debt | $ 300,000 | $ 100,000 | ||||||||||||||||||
Number of shares issued | shares | 696,428 | 2,660,000 | ||||||||||||||||||
Loan And Warrant Agreement [Member] | Humming Bird Resources PLC [Member] | ||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||
Unsecured convertible loans payable | $ 1,500,000 | |||||||||||||||||||
Loan interest rate | 10% | |||||||||||||||||||
Maturity term | 1 year | |||||||||||||||||||
Warrants to purchase shares | shares | 229,464 | |||||||||||||||||||
Number of shares acquired | shares | 229,464 | |||||||||||||||||||
Warrants exercise price per share | $ / shares | $ 8.50 | |||||||||||||||||||
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. | |||||||||||||||||||
Amended And Restated Loan Agreement [Member] | Convertible Notes Payable Two [Member] | Humming Bird Additional Amount [Member] | ||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||
Number of shares acquired | shares | 116,714 | |||||||||||||||||||
Warrants exercise price per share | $ / shares | 4.50 | |||||||||||||||||||
Principal amount | $ 500,000 | |||||||||||||||||||
Conversion price per share | $ / shares | 4.50 | |||||||||||||||||||
Amended And Restated Loan Agreement [Member] | Humming Bird Resources PLC [Member] | Convertible Notes Payable One [Member] | ||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||
Number of shares acquired | shares | 229,464 | |||||||||||||||||||
Warrants exercise price per share | $ / shares | 8.50 | |||||||||||||||||||
Principal amount | $ 1,500,000 | |||||||||||||||||||
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 | 9 Months Ended | 12 Months Ended | |||||||
Nov. 13, 2021 USD ($) $ / shares | Sep. 30, 2022 USD ($) | Sep. 30, 2021 USD ($) | Dec. 31, 2020 USD ($) $ / shares | Sep. 30, 2022 USD ($) | Sep. 30, 2021 USD ($) | Dec. 31, 2021 USD ($) $ / shares | Jun. 30, 2020 USD ($) $ / shares | Sep. 30, 2022 $ / shares | Dec. 31, 2021 $ / shares | Jun. 30, 2020 $ / shares | |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||||||||
Share price | (per share) | $ 0.32 | $ 0.42 | $ 0.34 | $ 0.40 | $ 0.56 | ||||||
Change in derivative liability | $ 7,315,161 | $ 6,460,513 | $ 10,503,941 | $ 18,538,380 | $ 22,172,679 | $ 12,300,453 | $ (18,843,947) | ||||
Measurement Input, Risk Free Interest Rate [Member] | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||||||||
Dividend yield | 13 | ||||||||||
November 2019 Issuance [Member] | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||||||||
Share price | $ / shares | $ 0.18 | $ 0.41 | |||||||||
Fair value | $ 40,999 | ||||||||||
Change in derivative liability | $ (40,999) | ||||||||||
November 2019 Issuance [Member] | Measurement Input, Expected Term [Member] | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||||||||
Expected life | 0 days | 317 days | |||||||||
November 2019 Issuance [Member] | Measurement Input, Option Volatility [Member] | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||||||||
Dividend yield | 100 | 100 | |||||||||
November 2019 Issuance [Member] | Measurement Input, Risk Free Interest Rate [Member] | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||||||||
Dividend yield | 0.30 | 0.64 | |||||||||
November 2019 Issuance [Member] | Measurement Input, Expected Dividend Rate [Member] | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||||||||
Dividend yield | 0 | 0 | |||||||||
April 2020 Issuance [Member] | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||||||||
Share price | $ / shares | $ 0.18 | $ 0.41 | |||||||||
Fair value | $ 58,373 | ||||||||||
Change in derivative liability | $ (58,373) | ||||||||||
April 2020 Issuance [Member] | Measurement Input, Expected Term [Member] | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||||||||
Expected life | 0 days | 317 days | |||||||||
April 2020 Issuance [Member] | Measurement Input, Option Volatility [Member] | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||||||||
Dividend yield | 100 | 100 | |||||||||
April 2020 Issuance [Member] | Measurement Input, Risk Free Interest Rate [Member] | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||||||||
Dividend yield | 0.27 | 0.30 | 0.30 | ||||||||
April 2020 Issuance [Member] | Measurement Input, Expected Dividend Rate [Member] | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||||||||
Dividend yield | 0 | 0 | 0 |
Schedule of Promissory Notes Ou
Schedule of Promissory Notes Outstanding Interest Payable (Details) - USD ($) | 6 Months Ended | 9 Months Ended | 12 Months Ended | ||
Dec. 31, 2020 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | Jun. 30, 2020 | |
Short-Term Debt [Line Items] | |||||
Accretion expense | $ 118,388 | $ 359,267 | |||
Repayment | (1,825,920) | $ (1,000,000) | (158,094) | ||
Promissory Notes Payable [Member] | |||||
Short-Term Debt [Line Items] | |||||
Beginning Balance | 248,478 | ||||
Proceeds on issuance | 300,000 | ||||
Warrant valuation | (206,523) | ||||
Accretion expense | 51,522 | 155,001 | |||
Debt settlement | (189,342) | ||||
Repayment | (110,658) | ||||
Ending Balance | $ 248,478 |
Promissory notes payable (Detai
Promissory notes payable (Details Narrative) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||||||||||||||||
Jun. 17, 2022 USD ($) | Mar. 03, 2022 USD ($) | Jan. 28, 2022 USD ($) $ / shares | Sep. 22, 2021 USD ($) | Sep. 22, 2021 USD ($) | Oct. 09, 2020 USD ($) | May 12, 2020 USD ($) | Apr. 24, 2020 $ / shares shares | Nov. 13, 2019 USD ($) shares | Jan. 31, 2022 USD ($) | Sep. 30, 2022 USD ($) shares | Sep. 30, 2021 USD ($) | Dec. 31, 2020 USD ($) shares | Sep. 30, 2022 USD ($) shares | Sep. 30, 2021 USD ($) | Dec. 31, 2021 USD ($) $ / shares shares | Dec. 31, 2020 USD ($) | Jun. 30, 2020 USD ($) | Jun. 30, 2022 USD ($) | Apr. 15, 2022 USD ($) | Dec. 20, 2021 USD ($) | Dec. 31, 2020 CAD ($) | Jun. 13, 2020 USD ($) | May 12, 2020 CAD ($) | Jan. 29, 2020 USD ($) | Jan. 29, 2020 CAD ($) | Dec. 31, 2019 USD ($) | Dec. 31, 2019 CAD ($) | Nov. 13, 2019 $ / shares | Jun. 30, 2019 USD ($) | |
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||||
Debt instrument, interest rate | 9% | 9% | 9% | |||||||||||||||||||||||||||
Warrants to purchase shares | shares | 162,129,064 | 162,129,064 | 111,412,712 | |||||||||||||||||||||||||||
Repaid promissory note | $ 1,825,920 | $ 1,000,000 | $ 158,094 | |||||||||||||||||||||||||||
Outstanding interest payable | $ 192,923 | $ 306,501 | 192,923 | 306,501 | ||||||||||||||||||||||||||
Loss on loan extinguishment | $ 23,376 | (875,861) | (56,146) | (56,146) | (1,056,296) | |||||||||||||||||||||||||
Accretion expense | 118,388 | 359,267 | ||||||||||||||||||||||||||||
Interest expense | 1,026,233 | 8,219 | 124,367 | 2,143,840 | 8,219 | $ 102,740 | 202,426 | |||||||||||||||||||||||
Payments to Acquire Land | $ 202,000 | $ 202,000 | ||||||||||||||||||||||||||||
Project finance package | $ 50,000,000 | |||||||||||||||||||||||||||||
Convertible Debt | $ 66,000,000 | |||||||||||||||||||||||||||||
Funding stream description | If the Company draws the maximum funding of $37,000,000, the Stream would apply to 10% of payable metals sold until a minimum quantity of metal is delivered consisting of, individually, 55 million pounds of zinc, 35 million pounds of lead, and 1 million ounces of silver (subsequently amended, as described below). Thereafter, the Stream would apply to 2% of payable metals sold. If the Company elects to draw less than $37,000,000 under the Stream, the percentage and quantities of payable metals streamed will adjust pro-rata. The delivery price of streamed metals will be 20% of the applicable spot price. | Assuming the maximum funding of $37,000,000 is drawn, the Stream would apply to 10% of payable metals sold until a minimum quantity of metal is delivered consisting of, individually, 55 million pounds of zinc, 35 million pounds of lead, and 1 million ounces of silver. Thereafter, the Stream would apply to 2% of payable metals sold. If the Company elects to draw less than $37,000,000 under the Stream, the percentage and quantities of payable metals streamed will adjust pro-rata. The delivery price of streamed metals will be 20% of the applicable spot price. | ||||||||||||||||||||||||||||
Additional indebtedness amount | $ 15,000,000 | |||||||||||||||||||||||||||||
Cost over-run facility | 13,000,000 | |||||||||||||||||||||||||||||
Minimum [Member] | ||||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||||
Debt amount available under stream | $ 27,000,000 | 27,000,000 | ||||||||||||||||||||||||||||
Maximum [Member] | ||||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||||
Debt amount available under stream | 37,000,000 | $ 37,000,000 | ||||||||||||||||||||||||||||
Convertible Debt [Member] | ||||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||||
Debt instrument, maturity date | Mar. 31, 2025 | |||||||||||||||||||||||||||||
Debt Instrument effective interest rate percentage | 10.50% | 7.50% | 7.50% | |||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 15,000,000 | $ 6,000,000 | $ 5,000,000 | |||||||||||||||||||||||||||
Debt Instrument, Increase (Decrease), Net | $ 5,000,000 | $ 6,000,000 | ||||||||||||||||||||||||||||
Debt Instrument, Convertible, Conversion Price | $ / shares | $ 0.30 | $ 0.30 | ||||||||||||||||||||||||||||
Equipment [Member] | ||||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||||
Convertible Debt | 37,000,000 | |||||||||||||||||||||||||||||
Royalty [Member] | ||||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||||
Convertible Debt | 8,000,000 | |||||||||||||||||||||||||||||
Royalty percentage | 1.85% | |||||||||||||||||||||||||||||
Royalty [Member] | Convertible Debt [Member] | ||||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||||
Royalty percentage | 1.85% | |||||||||||||||||||||||||||||
Subsequent Event [Member] | ||||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||||
Payments to Acquire Businesses, Gross | $ 2,000,000 | |||||||||||||||||||||||||||||
Subsequent Event [Member] | Convertible Debt [Member] | ||||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||||
Debt instrument, interest rate | 7.50% | |||||||||||||||||||||||||||||
Payments to Acquire Businesses, Gross | $ 6,000,000 | |||||||||||||||||||||||||||||
Debt Instrument, Face Amount | 5,000,000 | |||||||||||||||||||||||||||||
Subsequent Event [Member] | Royalty [Member] | ||||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||||
Advances from royalties | $ 8,000,000 | |||||||||||||||||||||||||||||
Promissory Note [Member] | ||||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||||
Unsecured promissory notes payable | $ 300,000 | |||||||||||||||||||||||||||||
Debt instrument, interest rate | 1% | |||||||||||||||||||||||||||||
Warrants to purchase shares | shares | 400,000 | 400,000 | ||||||||||||||||||||||||||||
Number of shares acquired | shares | 1 | |||||||||||||||||||||||||||||
Warrants exercise price | $ / shares | $ 0.50 | $ 0.80 | ||||||||||||||||||||||||||||
Debt instrument, maturity date | Aug. 01, 2020 | |||||||||||||||||||||||||||||
Warrants and rights outstanding, maturity date | Nov. 13, 2021 | |||||||||||||||||||||||||||||
Promissory Note [Member] | August 2020 Warrants [Member] | ||||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||||
Promissory notes payable | $ 288,000 | |||||||||||||||||||||||||||||
Promissory Notes Payable [Member] | ||||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||||
Repaid promissory note | 110,658 | |||||||||||||||||||||||||||||
Promissory notes payable | 248,478 | |||||||||||||||||||||||||||||
Accretion expense | 51,522 | 155,001 | ||||||||||||||||||||||||||||
Debt Instrument effective interest rate percentage | 16% | |||||||||||||||||||||||||||||
Interest expense | 5,600 | 22,700 | ||||||||||||||||||||||||||||
Promissory Notes Payable [Member] | August 2020 Warrants [Member] | ||||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||||
Repaid promissory note | 110,658 | |||||||||||||||||||||||||||||
Promissory notes payable | 218,281 | 218,281 | ||||||||||||||||||||||||||||
Outstanding interest payable | $ 28,939 | 28,939 | ||||||||||||||||||||||||||||
Settlement of promissory note for issuing common stock | shares | 822,857 | |||||||||||||||||||||||||||||
Loss on loan extinguishment | 335,467 | |||||||||||||||||||||||||||||
Promissory Notes Payable One [Member] | ||||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||||
Debt instrument, interest rate | 7% | 7% | ||||||||||||||||||||||||||||
Promissory notes payable | $ 362,650 | $ 500,000 | $ 75,727 | $ 100,000 | $ 82,367 | $ 107,000 | ||||||||||||||||||||||||
Loss on loan extinguishment | 291,203 | |||||||||||||||||||||||||||||
Accretion expense | $ 47,737 | 41,453 | ||||||||||||||||||||||||||||
Debt issue costs | $ 89,190 | |||||||||||||||||||||||||||||
Promissory Notes Payable Two [Member] | ||||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||||
Debt instrument, interest rate | 8% | 8% | ||||||||||||||||||||||||||||
Promissory notes payable | $ 141,704 | 714,285 | $ 714,285 | $ 200,000 | ||||||||||||||||||||||||||
Accretion expense | 19,129 | 16,547 | ||||||||||||||||||||||||||||
Debt issue costs | $ 35,676 | |||||||||||||||||||||||||||||
Promissory Notes Payable Three [Member] | ||||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||||
Promissory notes payable | 75,000 | |||||||||||||||||||||||||||||
Debt issue costs | 15,000 | |||||||||||||||||||||||||||||
Financing cost | 15,000 | |||||||||||||||||||||||||||||
Promissory Notes Payable Four [Member] | ||||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||||
Financing cost | 15,000 | |||||||||||||||||||||||||||||
Promissory Notes Payable Five [Member] | ||||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||||
Promissory notes payable | $ 1,200,000 | |||||||||||||||||||||||||||||
Debt issue costs | $ 360,000 | |||||||||||||||||||||||||||||
Financing cost | $ 360,000 | |||||||||||||||||||||||||||||
Non Convertible Promissory Notes Payable [Member] | ||||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||||
Debt instrument, interest rate | 15% | 15% | ||||||||||||||||||||||||||||
Debt instrument, maturity date | Mar. 15, 2022 | |||||||||||||||||||||||||||||
Promissory notes payable | $ 2,500,000 | $ 2,500,000 | $ 500,000 | $ 500,000 | ||||||||||||||||||||||||||
Interest expense | $ 56,712 | $ 8,219 | $ 224,589 | $ 8,219 | $ 102,740 | |||||||||||||||||||||||||
Payments to Acquire Land | $ 200,000 | |||||||||||||||||||||||||||||
Non Convertible Promissory Notes Payable [Member] | Subsequent Event [Member] | ||||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||||
Promissory notes payable | $ 500,000 | |||||||||||||||||||||||||||||
Convertible Debenture [Member] | ||||||||||||||||||||||||||||||
Short-Term Debt [Line Items] | ||||||||||||||||||||||||||||||
Convertible Debt | $ 5,000,000 |
Schedule of Operating Lease Lia
Schedule of Operating Lease Liability (Details) | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2021 CAD ($) | Dec. 31, 2020 USD ($) | |
Lease Liability | ||||
Beginning Balance | $ 62,277 | $ 176,607 | $ 274,981 | |
Addition | ||||
Interest expense | 1,834 | 12,696 | 22,156 | |
Lease payments | (64,828) | (129,191) | $ (13,504) | (123,098) |
Foreign exchange loss | 717 | 2,165 | 2,568 | |
Ending balance | $ 62,277 | $ 176,607 |
Schedule of Lease Obligations (
Schedule of Lease Obligations (Details) - 12 months ended Dec. 31, 2021 | USD ($) | CAD ($) |
Base rent | $ 81,025 | |
Additional rent | 75,030 | |
Rent | 156,055 | $ 26,000 |
Less than 1 Year [Member] | ||
Base rent | 81,025 | |
Additional rent | 75,030 | |
Rent | 156,055 | |
1-2 Years [Member] | ||
Base rent | ||
Additional rent | ||
Rent | ||
2-3 Years [Member] | ||
Base rent | ||
Additional rent | ||
Rent |
Lease Liability (Details Narrat
Lease Liability (Details Narrative) | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2021 CAD ($) | Dec. 31, 2020 USD ($) | |
Lease Liability | ||||
Lease payments | $ 64,828 | $ 129,191 | $ 13,504 | $ 123,098 |
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) | 3 Months Ended | 4 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||||||||
Apr. 02, 2022 USD ($) $ / shares | Feb. 16, 2021 USD ($) $ / shares | Feb. 09, 2021 USD ($) $ / shares | Sep. 30, 2022 USD ($) $ / shares | Sep. 30, 2021 USD ($) | May 13, 2022 USD ($) $ / shares | Jun. 30, 2022 USD ($) $ / shares | Dec. 31, 2020 USD ($) $ / shares | Sep. 30, 2022 USD ($) $ / shares | Sep. 30, 2021 USD ($) | Dec. 31, 2021 USD ($) $ / shares | Jun. 30, 2020 USD ($) $ / shares | Sep. 30, 2022 $ / shares | Dec. 31, 2021 $ / shares | Jun. 30, 2020 $ / shares | ||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Share price | (per share) | $ 0.32 | $ 0.42 | $ 0.34 | $ 0.40 | $ 0.56 | |||||||||||||||||
Change in derivative liability | $ 7,315,161 | $ 6,460,513 | $ 10,503,941 | $ 18,538,380 | $ 22,172,679 | $ 12,300,453 | $ (18,843,947) | |||||||||||||||
Measurement Input, Risk Free Interest Rate [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Warrant measurement, assumptions | 13 | 13 | 13 | |||||||||||||||||||
June Two Thousand Twenty Two Issuance [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Share price | $ / shares | $ 0.115 | $ 0.20 | $ 0.115 | |||||||||||||||||||
Warrant Liabilities [Member] | February 2021 Issuance [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Expected life | 1228 days | 1228 days | 1501 days | 1228 days | 1501 days | |||||||||||||||||
Share price | $ / shares | $ 0.29 | $ 0.27 | $ 0.115 | $ 0.115 | $ 0.37 | |||||||||||||||||
Fair value | $ 3,813,103 | $ 3,813,103 | $ 829,987 | $ 3,483,745 | ||||||||||||||||||
Change in derivative liability | $ (2,653,758) | $ (329,358) | ||||||||||||||||||||
Warrant Liabilities [Member] | February 2021 Issuance [Member] | Measurement Input, Expected Term [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Expected life | 1826 days | 1826 days | 1501 days | |||||||||||||||||||
Warrant Liabilities [Member] | February 2021 Issuance [Member] | Measurement Input, Option Volatility [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Warrant measurement, assumptions | 100 | 100 | 120 | 120 | 100 | 120 | 100 | |||||||||||||||
Warrant Liabilities [Member] | February 2021 Issuance [Member] | Measurement Input, Risk Free Interest Rate [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Warrant measurement, assumptions | 0.49 | 0.49 | 3.72 | 3.72 | 1.25 | 3.72 | 1.25 | |||||||||||||||
Warrant Liabilities [Member] | February 2021 Issuance [Member] | Measurement Input, Expected Dividend Rate [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Warrant measurement, assumptions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Warrant Liabilities [Member] | August 2020 Issuance [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Share price | $ / shares | $ 0.41 | $ 0.37 | ||||||||||||||||||||
Fair value | $ 14,493,215 | $ 6,790,163 | ||||||||||||||||||||
Change in derivative liability | $ (7,703,052) | |||||||||||||||||||||
Warrant Liabilities [Member] | August 2020 Issuance [Member] | Measurement Input, Expected Term [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Expected life | 973 days | 608 days | 608 days | |||||||||||||||||||
Warrant Liabilities [Member] | August 2020 Issuance [Member] | Measurement Input, Option Volatility [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Warrant measurement, assumptions | 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 measurement, assumptions | 1.31 | 0.95 | 0.95 | |||||||||||||||||||
Warrant Liabilities [Member] | August 2020 Issuance [Member] | Measurement Input, Expected Dividend Rate [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Warrant measurement, assumptions | 0 | 0 | 0 | |||||||||||||||||||
Warrant Liabilities [Member] | August 2018 Issuance [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Share price | $ / shares | $ 0.41 | |||||||||||||||||||||
Fair value | $ 0 | |||||||||||||||||||||
Warrant Liabilities [Member] | August 2018 Issuance [Member] | Measurement Input, Expected Term [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Expected life | 221 days | |||||||||||||||||||||
Warrant Liabilities [Member] | August 2018 Issuance [Member] | Measurement Input, Option Volatility [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Warrant measurement, assumptions | 100 | |||||||||||||||||||||
Warrant Liabilities [Member] | August 2018 Issuance [Member] | Measurement Input, Risk Free Interest Rate [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Warrant measurement, assumptions | 1.23 | |||||||||||||||||||||
Warrant Liabilities [Member] | August 2018 Issuance [Member] | Measurement Input, Expected Dividend Rate [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Warrant measurement, assumptions | 0 | |||||||||||||||||||||
Warrant Liabilities [Member] | November 2018 Issuance [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Share price | $ / shares | $ 0.41 | |||||||||||||||||||||
Fair value | $ 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] | ||||||||||||||||||||||
Expected life | 332 days | |||||||||||||||||||||
Warrant Liabilities [Member] | November 2018 Issuance [Member] | Measurement Input, Option Volatility [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Warrant measurement, assumptions | 100 | |||||||||||||||||||||
Warrant Liabilities [Member] | November 2018 Issuance [Member] | Measurement Input, Risk Free Interest Rate [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Warrant measurement, assumptions | 1.09 | |||||||||||||||||||||
Warrant Liabilities [Member] | November 2018 Issuance [Member] | Measurement Input, Expected Dividend Rate [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Warrant measurement, assumptions | 0 | |||||||||||||||||||||
Warrant Liabilities [Member] | June 2019 Issuance [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Expected life | [1] | 1188 days | 1188 days | 1461 days | 1188 days | 1461 days | ||||||||||||||||
Share price | $ / shares | $ 0.115 | [1] | $ 0.41 | [2],[3] | $ 0.115 | [1] | $ 0.37 | [1],[2],[3] | ||||||||||||||
Fair value | $ 3,438,839 | [2] | $ 460,207 | [1] | $ 2,067,493 | [1],[2] | ||||||||||||||||
Change in derivative liability | [1] | $ (1,607,286) | $ (1,371,346) | [2] | ||||||||||||||||||
Warrant Liabilities [Member] | June 2019 Issuance [Member] | Measurement Input, Expected Term [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Expected life | [2] | 1826 days | 1461 days | 1461 days | ||||||||||||||||||
Warrant Liabilities [Member] | June 2019 Issuance [Member] | Measurement Input, Option Volatility [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Warrant measurement, assumptions | 120 | [1] | 100 | [2] | 120 | [1] | 100 | [1],[2] | 120 | [1] | 100 | [1],[2] | ||||||||||
Warrant Liabilities [Member] | June 2019 Issuance [Member] | Measurement Input, Risk Free Interest Rate [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Warrant measurement, assumptions | 3.72 | [1] | 0.85 | [2] | 3.72 | [1] | 1.02 | [1],[2] | 3.72 | [1] | 1.02 | [1],[2] | ||||||||||
Warrant Liabilities [Member] | June 2019 Issuance [Member] | Measurement Input, Expected Dividend Rate [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Warrant measurement, assumptions | 0 | [1] | 0 | [2] | 0 | [1] | 0 | [1],[2] | 0 | [1] | 0 | [1],[2] | ||||||||||
Warrant Liabilities [Member] | August 2019 Issuance [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Expected life | 1188 days | 1188 days | 1461 days | 1188 days | 1461 days | |||||||||||||||||
Share price | $ / shares | [4] | $ 0.115 | $ 0.115 | $ 0.37 | ||||||||||||||||||
Fair value | $ 5,922,270 | [3] | $ 707,282 | [4] | $ 3,177,485 | [3],[4] | ||||||||||||||||
Change in derivative liability | [4] | $ (2,470,203) | $ (2,744,785) | [3] | ||||||||||||||||||
Warrant Liabilities [Member] | August 2019 Issuance [Member] | Measurement Input, Expected Term [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Expected life | [3] | 1461 days | 1461 days | |||||||||||||||||||
Warrant Liabilities [Member] | August 2019 Issuance [Member] | Measurement Input, Expected Term [Member] | Minimum [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Expected life | [3] | 213 days | ||||||||||||||||||||
Warrant Liabilities [Member] | August 2019 Issuance [Member] | Measurement Input, Expected Term [Member] | Maximum [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Expected life | [3] | 1826 days | ||||||||||||||||||||
Warrant Liabilities [Member] | August 2019 Issuance [Member] | Measurement Input, Option Volatility [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Warrant measurement, assumptions | 120 | 100 | [3] | 120 | 100 | [3] | 120 | 100 | [3] | |||||||||||||
Warrant Liabilities [Member] | August 2019 Issuance [Member] | Measurement Input, Risk Free Interest Rate [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Warrant measurement, assumptions | 3.72 | 0.81 | [3] | 3.72 | 1.02 | [3] | 3.72 | 1.02 | [3] | |||||||||||||
Warrant Liabilities [Member] | August 2019 Issuance [Member] | Measurement Input, Expected Dividend Rate [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Warrant measurement, assumptions | 0 | 0 | [3] | 0 | 0 | [3] | 0 | 0 | [3] | |||||||||||||
Warrant Liabilities [Member] | June Two Thousand Twenty Two Issuance [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Expected life | 914 days | 1006 days | 914 days | 914 days | ||||||||||||||||||
Fair value | $ 113,425 | $ 47,895 | ||||||||||||||||||||
Change in derivative liability | $ (65,530) | |||||||||||||||||||||
Warrant Liabilities [Member] | June Two Thousand Twenty Two Issuance [Member] | Measurement Input, Option Volatility [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Warrant measurement, assumptions | 120 | 120 | 120 | 120 | ||||||||||||||||||
Warrant Liabilities [Member] | June Two Thousand Twenty Two Issuance [Member] | Measurement Input, Risk Free Interest Rate [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Warrant measurement, assumptions | 3.72 | 3.14 | 3.72 | 3.72 | ||||||||||||||||||
Warrant Liabilities [Member] | June Two Thousand Twenty Two Issuance [Member] | Measurement Input, Expected Dividend Rate [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Warrant measurement, assumptions | 0 | 0 | 0 | 0 | ||||||||||||||||||
Warrant Liabilities [Member] | Auguest Two Thousand Twenty Issuance [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Expected life | 335 days | 335 days | 608 days | 335 days | 608 days | |||||||||||||||||
Share price | $ / shares | $ 0.115 | $ 0.115 | $ 0.37 | |||||||||||||||||||
Fair value | $ 484,745 | $ 6,790,163 | ||||||||||||||||||||
Change in derivative liability | $ (6,305,419) | $ (7,703,052) | ||||||||||||||||||||
Warrant Liabilities [Member] | Auguest Two Thousand Twenty Issuance [Member] | Measurement Input, Option Volatility [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Warrant measurement, assumptions | 120 | 120 | 100 | 120 | 100 | |||||||||||||||||
Warrant Liabilities [Member] | Auguest Two Thousand Twenty Issuance [Member] | Measurement Input, Risk Free Interest Rate [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Warrant measurement, assumptions | 3.79 | 3.79 | 0.95 | 3.79 | 0.95 | |||||||||||||||||
Warrant Liabilities [Member] | Auguest Two Thousand Twenty Issuance [Member] | Measurement Input, Expected Dividend Rate [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Warrant measurement, assumptions | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||
Special Warrant Issuance [Member] | April Two Thousand Twenty Two Issuance [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Expected life | 1096 days | 914 days | 914 days | 914 days | ||||||||||||||||||
Share price | $ / shares | $ 0.29 | $ 0.115 | $ 0.115 | |||||||||||||||||||
Fair value | $ 5,947,232 | $ 1,488,348 | ||||||||||||||||||||
Change in derivative liability | $ (4,458,884) | |||||||||||||||||||||
Special Warrant Issuance [Member] | April Two Thousand Twenty Two Issuance [Member] | Measurement Input, Option Volatility [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Warrant measurement, assumptions | 120 | 120 | 120 | 120 | ||||||||||||||||||
Special Warrant Issuance [Member] | April Two Thousand Twenty Two Issuance [Member] | Measurement Input, Risk Free Interest Rate [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Warrant measurement, assumptions | 2.35 | 3.72 | 3.72 | 3.72 | ||||||||||||||||||
Special Warrant Issuance [Member] | April Two Thousand Twenty Two Issuance [Member] | Measurement Input, Expected Dividend Rate [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Warrant measurement, assumptions | 0 | 0 | 0 | 0 | ||||||||||||||||||
Non Brokered Issuance [Member] | April Two Thousand Twenty Two Issuance [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Expected life | 1096 days | 914 days | 914 days | 914 days | ||||||||||||||||||
Share price | $ / shares | $ 0.29 | $ 0.115 | $ 0.115 | |||||||||||||||||||
Fair value | $ 186,190 | $ 57,869 | ||||||||||||||||||||
Change in derivative liability | $ (128,321) | |||||||||||||||||||||
Non Brokered Issuance [Member] | April Two Thousand Twenty Two Issuance [Member] | Measurement Input, Option Volatility [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Warrant measurement, assumptions | 120 | 120 | 120 | 120 | ||||||||||||||||||
Non Brokered Issuance [Member] | April Two Thousand Twenty Two Issuance [Member] | Measurement Input, Risk Free Interest Rate [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Warrant measurement, assumptions | 2.35 | 3.72 | 3.72 | 3.72 | ||||||||||||||||||
Non Brokered Issuance [Member] | April Two Thousand Twenty Two Issuance [Member] | Measurement Input, Expected Dividend Rate [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Warrant measurement, assumptions | 0 | 0 | 0 | 0 | ||||||||||||||||||
Teck Issuance [Member] | May Two Thousand Twenty Two Issuance [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Expected life | 956 days | 1096 days | 956 days | 956 days | ||||||||||||||||||
Share price | $ / shares | $ 0.115 | $ 0.25 | $ 0.115 | |||||||||||||||||||
Fair value | $ 1,273,032 | $ 424,053 | ||||||||||||||||||||
Change in derivative liability | $ (848,979) | |||||||||||||||||||||
Teck Issuance [Member] | May Two Thousand Twenty Two Issuance [Member] | Measurement Input, Option Volatility [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Warrant measurement, assumptions | 120 | 120 | 120 | 120 | ||||||||||||||||||
Teck Issuance [Member] | May Two Thousand Twenty Two Issuance [Member] | Measurement Input, Risk Free Interest Rate [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Warrant measurement, assumptions | 3.72 | 2.68 | 3.72 | 3.72 | ||||||||||||||||||
Teck Issuance [Member] | May Two Thousand Twenty Two Issuance [Member] | Measurement Input, Expected Dividend Rate [Member] | ||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||||||||||
Warrant measurement, assumptions | 0 | 0 | 0 | 0 | ||||||||||||||||||
[1]During the six months ended December 31, 2020, the Company amended the exercise price to C$ 0.59 December 31, 2025 11,660,000 0.59 December 31, 2025 11,660,000 0.59 December 31, 2025 17,920,000 2,752,900 0.59 December 31, 2025 17,920,000 2,752,900 |
Schedule of Estimated Using t_2
Schedule of Estimated Using the Binomial Model to Determine the Fair Value of Warrant Liabilities (Details) (Parenthetical) - $ / shares | Sep. 30, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Number of warrants issued | 162,129,064 | 111,412,712 | |
Number of warrants outstanding | 162,129,064 | 111,412,712 | |
June 2019 Issuance [Member] | Warrant Liabilities [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Warrant exercise price | $ 0.59 | ||
Warrants maturity date | Dec. 31, 2025 | ||
Number of warrants issued | 11,660,000 | ||
August 2019 Issuance [Member] | Warrant Liabilities [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Warrant exercise price | $ 0.59 | ||
Warrants maturity date | Dec. 31, 2025 | ||
Number of warrants issued | 17,920,000 | ||
Number of warrants outstanding | 2,752,900 | ||
Warrants remain unchanged | 2,752,900 |
Schedule of Warrant Activity (D
Schedule of Warrant Activity (Details) - Warrant [Member] | 6 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||||
Dec. 31, 2020 $ / shares shares | Dec. 31, 2020 $ / shares shares | Sep. 30, 2022 $ / shares shares | Sep. 30, 2022 $ / shares shares | Sep. 30, 2021 $ / shares shares | Sep. 30, 2021 $ / shares shares | Dec. 31, 2021 $ / shares shares | Dec. 31, 2021 $ / shares shares | Jun. 30, 2020 $ / shares shares | Jun. 30, 2020 $ / shares shares | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||||||
Number of warrants, beginning balance | shares | 37,844,404 | 37,844,404 | 111,412,712 | 111,412,712 | 95,777,806 | 95,777,806 | 95,777,806 | 95,777,806 | 13,046,484 | 13,046,484 | |||
Weighted average exercise price, beginning balance | $ 0.43 | $ 0.54 | $ 0.54 | $ 0.54 | $ 0.88 | ||||||||
Weighted average grant date, beginning balance | $ 0.10 | $ 0.18 | $ 0.08 | $ 0.08 | $ 0.28 | ||||||||
Number of warrants, Issued | shares | 58,284,148 | 58,284,148 | 50,955,636 | 50,955,636 | 19,994,080 | 19,994,080 | 19,994,080 | 19,994,080 | 27,360,284 | 27,360,284 | |||
Weighted average exercise price, Issued | $ 0.50 | $ 0.37 | $ 0.60 | $ 0.60 | $ 0.27 | ||||||||
Weighted average grant date, Issued | $ 0.27 | $ 0.15 | $ 0.19 | $ 0.19 | $ 0.03 | ||||||||
Number of warrants, Expired | shares | (350,746) | (350,746) | (239,284) | (239,284) | (2,913,308) | (2,913,308) | (4,359,174) | (4,359,174) | (229,464) | (229,464) | |||
Weighted average exercise price, Expired | $ 14.84 | $ 0.70 | $ 0.48 | $ 0.59 | $ 8.50 | ||||||||
Weighted average grant date, Expired | $ 5.97 | $ 0.21 | $ 0.14 | $ 0.19 | $ 3.54 | ||||||||
Number of warrants, Excercised | shares | (3,315,200) | (3,315,200) | (2,332,900) | [1] | (2,332,900) | [1] | |||||||
Weighted average exercise price, Exercised | $ 0.59 | $ 0.25 | [1] | ||||||||||
Weighted average grant date, Exercised | [1] | $ 0.02 | |||||||||||
Number of warrants, ending balance | shares | 95,777,806 | 95,777,806 | 162,129,064 | 162,129,064 | 112,858,578 | 112,858,578 | 111,412,712 | 111,412,712 | 37,844,404 | 37,844,404 | |||
Weighted average exercise price, ending balance | $ 0.54 | $ 0.49 | $ 0.55 | $ 0.54 | $ 0.43 | ||||||||
Weighted average grant date, ending balance | $ 0.08 | $ 0.17 | $ 0.19 | $ 0.18 | $ 0.10 | ||||||||
[1]During the year ended June 30, 2020, 2,332,900 0.25 583,225 417,006 871,710 |
Schedule of Warrant Activity _2
Schedule of Warrant Activity (Details) (Parenthetical) | 6 Months Ended | 9 Months Ended | 12 Months Ended | ||||||
Dec. 31, 2020 USD ($) shares | Dec. 31, 2020 $ / shares | Sep. 30, 2022 USD ($) | Sep. 30, 2021 USD ($) | Dec. 31, 2021 USD ($) | Jun. 30, 2020 USD ($) shares | Jun. 30, 2020 CAD ($) $ / shares shares | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Stock-based compensation | $ 1,411,657 | $ (300,475) | $ 793,357 | $ 1,730,308 | $ 1,047,388 | ||||
Warrant [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Warrants exercised | shares | 3,315,200 | 2,332,900 | [1] | 2,332,900 | [1] | ||||
Weighted average exercise price, exercised | $ / shares | $ 0.59 | $ 0.25 | [1] | ||||||
Proceeds from issuance of warrants | $ 417,006 | $ 583,225 | |||||||
Derivative liabilities | $ 871,710 | ||||||||
Warrants maturity date | Dec. 31, 2025 | Dec. 31, 2025 | |||||||
Stock-based compensation | $ 210,839 | ||||||||
[1]During the year 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) - $ / shares | Sep. 30, 2022 | Dec. 31, 2021 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Number of warrants | 162,129,064 | 111,412,712 |
Number of warrants exercisable | 162,129,064 | 111,412,712 |
Warrants One [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Expiry date | Aug. 31, 2023 | Feb. 26, 2022 |
Warrant exercise price | $ 0.50 | $ 0.70 |
Number of warrants | 58,284,148 | 239,284 |
Number of warrants exercisable | 58,284,148 | 239,284 |
Warrants Two [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Expiry date | Dec. 31, 2025 | Aug. 31, 2023 |
Warrant exercise price | $ 0.59 | $ 0.50 |
Number of warrants | 32,895,200 | 58,284,148 |
Number of warrants exercisable | 32,895,200 | 58,284,148 |
Warrants Three [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Expiry date | Feb. 09, 2026 | Dec. 31, 2025 |
Warrant exercise price | $ 0.60 | $ 0.59 |
Number of warrants | 17,112,500 | 32,895,200 |
Number of warrants exercisable | 17,112,500 | 32,895,200 |
Warrants Four [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Expiry date | Feb. 16, 2026 | Feb. 09, 2026 |
Warrant exercise price | $ 0.60 | $ 0.60 |
Number of warrants | 2,881,580 | 17,112,500 |
Number of warrants exercisable | 2,881,580 | 17,112,500 |
Warrants Five [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Expiry date | Apr. 01, 2025 | Feb. 16, 2026 |
Warrant exercise price | $ 0.37 | $ 0.60 |
Number of warrants | 40,358,969 | 2,881,580 |
Number of warrants exercisable | 40,358,969 | 2,881,580 |
Warrant Six [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Expiry date | May 13, 2025 | |
Warrant exercise price | $ 0.37 | |
Number of warrants | 10,416,667 | |
Number of warrants exercisable | 10,416,667 |
Schedule of Broker Options (Det
Schedule of Broker Options (Details) - $ / shares | 6 Months Ended | 9 Months Ended | 12 Months Ended | |||||
Dec. 31, 2020 | Sep. 30, 2022 | Dec. 31, 2021 | Jun. 30, 2020 | |||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||||||
Number of stock options, Beginning balance | 7,580,159 | 9,053,136 | 8,015,159 | 287,100 | ||||
Weighted Average exercise price beginning balance | $ 0.62 | $ 0.58 | $ 0.62 | $ 7.50 | ||||
Issued - Compensation Options | 435,000 | [1],[2] | 300,000 | [3] | 1,037,977 | [4],[5] | 7,532,659 | [6],[7] |
Weighted Average exercise price Issued - Compensation Options | $ 0.55 | [1],[2] | $ 0.15 | [3] | $ 0.34 | [4],[5] | $ 0.56 | [6],[7] |
Number of stock options, Ending balance | 8,015,159 | 9,305,636 | 9,053,136 | 7,580,159 | ||||
Weighted Average exercise price ending balance | $ 0.62 | $ 0.52 | $ 0.58 | $ 0.62 | ||||
Broker Options [Member] | ||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||||||
Number of stock options, Beginning balance | 3,590,907 | 3,239,907 | ||||||
Weighted Average exercise price beginning balance | $ 0.35 | $ 0.35 | ||||||
Issued - Compensation Options | 3,239,907 | 351,000 | ||||||
Weighted Average exercise price Issued - Compensation Options | $ 0.35 | $ 0.40 | ||||||
Number of stock options, Ending balance | 3,239,907 | 3,590,907 | ||||||
Weighted Average exercise price ending balance | $ 0.35 | $ 0.35 | ||||||
[1]On October 30, 2020, 235,000 0.50 December 31, 2022 46,277 46,277 200,000 0.60 50 50 3 52,909 32,651 20,259 nil 300,000 150,000 5 0.15 28,930 14,465 1,037,977 273,271 764,706 5 0.335 204,213 43,941 160,750 5,957,659 0.55 5 1,536,764 531,925 403,456 162,855 1,575,000 5 0.60 435,069 50,909 74,949 309,211 |
Schedule of Broker Options (D_2
Schedule of Broker Options (Details) (Parenthetical) - shares | Sep. 30, 2022 | Dec. 31, 2021 |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Number of warrants exercisable | 162,129,064 | 111,412,712 |
August 2020 [Member] | ||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Number of warrants exercisable | 521,993 | |
February 2021 [Member] | ||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
Number of warrants exercisable | 68,078 |
Schedule of Estimated Using Bla
Schedule of Estimated Using Black-Scholes Valuation Model for Fair Value of Broker Options (Details) | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2022 $ / shares | Dec. 31, 2021 $ / shares | Dec. 31, 2021 $ / shares | Jun. 30, 2020 $ / shares | Jun. 30, 2020 $ / shares | |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||
Risk free interest rate | 0.64% | ||||
Dividend yield | 0% | ||||
Volatility | 100% | ||||
Stock price | (per share) | $ 0.34 | $ 0.32 | $ 0.40 | $ 0.42 | $ 0.56 |
Weighted average life | 5 years | ||||
August 2020 [Member] | |||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||
Risk free interest rate | 0.31% | 0.31% | |||
Dividend yield | 0% | 0% | |||
Volatility | 100% | 100% | |||
Stock price | $ 0.35 | 0.35 | |||
Weighted average life | 3 years | 3 years | |||
February 2021 [Member] | |||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||
Risk free interest rate | 0.26% | 0.26% | |||
Dividend yield | 0% | 0% | |||
Volatility | 100% | 100% | |||
Stock price | $ 0.40 | $ 0.40 | |||
Weighted average life | 3 years | 3 years | |||
April Two Thousand Twenty Two [Member] | |||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||
Risk free interest rate | 2.34% | ||||
Dividend yield | 0% | ||||
Volatility | 100% | ||||
Stock price | $ 0.30 | ||||
Weighted average life | 2 years |
Schedule of Warrants Outstand_2
Schedule of Warrants Outstanding Broker Option Exercise Prices (Details) - $ / shares | Sep. 30, 2022 | Dec. 31, 2021 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||
Number of warrants exercisable | 162,129,064 | 111,412,712 | ||
Broker Options [Member] | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||
Number of broker options | 5,470,799 | 3,590,907 | ||
Number of warrants exercisable | 854,506 | 590,071 | ||
August 31, 2023 [Member] | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||
Expiry date | Aug. 31, 2023 | [1] | Aug. 31, 2023 | [2] |
Warrant exercise price | $ 0.35 | [1] | $ 0.35 | [2] |
Number of broker options | 3,239,907 | [1] | 3,239,907 | [2] |
Number of warrants exercisable | 521,993 | [1] | 521,993 | [2] |
February 16, 2024 [Member] | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||
Expiry date | Feb. 16, 2024 | [3] | Feb. 16, 2024 | [4] |
Warrant exercise price | $ 0.40 | [3] | $ 0.40 | [4] |
Number of broker options | 351,000 | [3] | 351,000 | [4] |
Number of warrants exercisable | 68,078 | [3] | 68,078 | [4] |
[1]Exercisable into one August 2020 Unit[2]Exercisable into one August 2020 Unit[3]Exercisable into one February 2021 Unit[4]Exercisable into one February 2021 Unit |
Schedule of Stock Options (Deta
Schedule of Stock Options (Details) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||
Aug. 24, 2022 $ / shares | Sep. 30, 2022 USD ($) shares | Dec. 31, 2020 $ / shares shares | Sep. 30, 2022 USD ($) shares | Sep. 30, 2022 $ / shares | Dec. 31, 2021 $ / shares shares | Jun. 30, 2020 $ / shares shares | ||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | ||||||||||||
Number of stock options, Beginning balance | shares | 7,580,159 | 9,053,136 | 8,015,159 | 287,100 | ||||||||
Weighted Average exercise price beginning balance | $ / shares | $ 0.62 | $ 0.58 | $ 0.62 | $ 7.50 | ||||||||
Number of stock options, Granted | shares | 435,000 | [1],[2] | 300,000 | [3] | 1,037,977 | [4],[5] | 7,532,659 | [6],[7] | ||||
Weighted average exercise price, Granted | $ / shares | $ 0.55 | [1],[2] | 0.15 | [3] | $ 0.34 | [4],[5] | $ 0.56 | [6],[7] | ||||
Number of stock options, Forfeited | shares | (239,600) | |||||||||||
Weighted average exercise price, Forfeited | $ / shares | $ 9.78 | |||||||||||
Number of stock options, Ending balance | shares | 9,305,636 | 8,015,159 | 9,305,636 | 9,053,136 | 7,580,159 | |||||||
Weighted Average exercise price ending balance | $ / shares | $ 0.62 | $ 0.52 | $ 0.58 | $ 0.62 | ||||||||
Number of stock options, Expired | shares | (47,500) | |||||||||||
Employee [Member] | ||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | ||||||||||||
Weighted average exercise price, Granted | $ / shares | $ 0.15 | |||||||||||
Share-Based Payment Arrangement, Expense | $ | $ 14,465 | $ 14,465 | ||||||||||
[1]On October 30, 2020, 235,000 0.50 December 31, 2022 46,277 46,277 200,000 0.60 50 50 3 52,909 32,651 20,259 nil 300,000 150,000 5 0.15 28,930 14,465 1,037,977 273,271 764,706 5 0.335 204,213 43,941 160,750 5,957,659 0.55 5 1,536,764 531,925 403,456 162,855 1,575,000 5 0.60 435,069 50,909 74,949 309,211 |
Schedule of Stock Options (De_2
Schedule of Stock Options (Details) (Parenthetical) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||||||||||||||||
Aug. 24, 2022 USD ($) shares | Aug. 24, 2022 $ / shares | Dec. 31, 2021 shares | Feb. 19, 2021 USD ($) shares | Feb. 19, 2021 $ / shares | Oct. 30, 2020 USD ($) shares | Oct. 30, 2020 $ / shares | Sep. 30, 2020 USD ($) shares | Sep. 30, 2020 $ / shares | Apr. 20, 2020 USD ($) shares | Apr. 20, 2020 $ / shares | Oct. 24, 2019 USD ($) shares | Oct. 24, 2019 $ / shares | Feb. 19, 2019 USD ($) | Sep. 30, 2022 USD ($) | Dec. 31, 2020 USD ($) | Dec. 31, 2020 $ / shares | [1],[2] | Sep. 30, 2022 USD ($) | Sep. 30, 2022 $ / shares | [3] | Aug. 24, 2022 shares | Dec. 31, 2021 USD ($) | Dec. 31, 2021 $ / shares | [4],[5] | Sep. 30, 2020 | Jun. 30, 2020 USD ($) | Jun. 30, 2020 $ / shares | [6],[7] | |
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||||||||||||||||||||||||
Exercisable price per option | $ / shares | $ 0.55 | $ 0.15 | $ 0.34 | $ 0.56 | |||||||||||||||||||||||||
Directors and Officers [Member] | |||||||||||||||||||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||||||||||||||||||||||||
Stock option vested | shares | 1,575,000 | ||||||||||||||||||||||||||||
Option term | 5 years | ||||||||||||||||||||||||||||
Exercisable price per option | $ / shares | $ 0.60 | ||||||||||||||||||||||||||||
Grant date fair value of options | $ 435,069 | ||||||||||||||||||||||||||||
Stock based compensation expense | $ 74,949 | $ 50,909 | $ 309,211 | ||||||||||||||||||||||||||
Directors [Member] | |||||||||||||||||||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||||||||||||||||||||||||
Stock option vested | shares | 5,957,659 | ||||||||||||||||||||||||||||
Option term | 5 years | ||||||||||||||||||||||||||||
Exercisable price per option | $ / shares | $ 0.55 | ||||||||||||||||||||||||||||
Grant date fair value of options | $ 1,536,764 | ||||||||||||||||||||||||||||
Stock based compensation expense | 403,456 | 531,925 | 162,855 | ||||||||||||||||||||||||||
Consultant [Member] | |||||||||||||||||||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||||||||||||||||||||||||
Stock option vested | shares | 200,000 | ||||||||||||||||||||||||||||
Option term | 3 years | ||||||||||||||||||||||||||||
Exercisable price per option | $ / shares | $ 0.60 | ||||||||||||||||||||||||||||
Grant date fair value of options | $ 52,909 | ||||||||||||||||||||||||||||
Stock based compensation expense | 20,259 | 32,651 | |||||||||||||||||||||||||||
Vesting percentage | 50% | 50% | |||||||||||||||||||||||||||
Former Director [Member] | |||||||||||||||||||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||||||||||||||||||||||||
Stock option vested | shares | 235,000 | ||||||||||||||||||||||||||||
Exercisable price per option | $ / shares | $ 0.50 | ||||||||||||||||||||||||||||
Grant date fair value of options | $ 46,277 | ||||||||||||||||||||||||||||
Stock based compensation expense | $ 46,277 | ||||||||||||||||||||||||||||
Expiration date | Dec. 31, 2022 | ||||||||||||||||||||||||||||
Officer [Member] | |||||||||||||||||||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||||||||||||||||||||||||
Stock option vested | shares | 1,037,977 | ||||||||||||||||||||||||||||
Option term | 5 years | ||||||||||||||||||||||||||||
Exercisable price per option | $ / shares | $ 0.335 | ||||||||||||||||||||||||||||
Grant date fair value of options | $ 204,213 | ||||||||||||||||||||||||||||
Stock based compensation expense | $ 43,941 | $ 160,750 | $ 204,213 | ||||||||||||||||||||||||||
Officer [Member] | December 31, 2021 [Member] | |||||||||||||||||||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||||||||||||||||||||||||
Stock option vested | shares | 764,706 | 764,706 | |||||||||||||||||||||||||||
Officer [Member] | Vest Immediately [Member] | |||||||||||||||||||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||||||||||||||||||||||||
Stock option vested | shares | 273,271 | ||||||||||||||||||||||||||||
Grant date fair value of options | $ 204,213 | ||||||||||||||||||||||||||||
Employee [Member] | |||||||||||||||||||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||||||||||||||||||||||||
Stock option vested | shares | 300,000 | ||||||||||||||||||||||||||||
Option term | 5 years | ||||||||||||||||||||||||||||
Exercisable price per option | $ / shares | $ 0.15 | ||||||||||||||||||||||||||||
Grant date fair value of options | $ 28,930 | ||||||||||||||||||||||||||||
Stock based compensation expense | $ 14,465 | $ 14,465 | |||||||||||||||||||||||||||
Employee [Member] | Vest Immediately [Member] | |||||||||||||||||||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||||||||||||||||||||||||
Stock option vested | shares | 150,000 | ||||||||||||||||||||||||||||
[1]On October 30, 2020, 235,000 0.50 December 31, 2022 46,277 46,277 200,000 0.60 50 50 3 52,909 32,651 20,259 nil 300,000 150,000 5 0.15 28,930 14,465 1,037,977 273,271 764,706 5 0.335 204,213 43,941 160,750 5,957,659 0.55 5 1,536,764 531,925 403,456 162,855 1,575,000 5 0.60 435,069 50,909 74,949 309,211 |
Schedule of Estimated Using B_2
Schedule of Estimated Using Black-Scholes Valuation Model for Fair value of Stock Options (Details) | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2022 $ / shares | Dec. 31, 2021 $ / shares | Dec. 31, 2021 $ / shares | Jun. 30, 2020 $ / shares | Jun. 30, 2020 $ / shares | |
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||||
Risk free interest rate | 0.64% | ||||
Dividend yield | 0% | ||||
Volatility | 100% | ||||
Stock price | (per share) | $ 0.34 | $ 0.32 | $ 0.40 | $ 0.42 | $ 0.56 |
Weighted average life | 5 years | ||||
Equity Option [Member] | |||||
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||||
Risk free interest rate | 3.27% | ||||
Dividend yield | 0% | ||||
Volatility | 120% | ||||
Stock price | $ 0.15 | ||||
Weighted average life | 5 years | ||||
Range One [Member] | |||||
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||||
Risk free interest rate | 1.54% | ||||
Dividend yield | 0% | ||||
Volatility | 100% | ||||
Stock price | 0.50 | ||||
Weighted average life | 5 years | ||||
Range Two [Member] | |||||
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||||
Risk free interest rate | 0.44% | ||||
Dividend yield | 0% | ||||
Volatility | 100% | ||||
Stock price | 0.50 | ||||
Weighted average life | 5 years | ||||
Range Three [Member] | |||||
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||||
Risk free interest rate | 0.25% | ||||
Dividend yield | 0% | ||||
Volatility | 100% | ||||
Stock price | 0.58 | ||||
Weighted average life | 3 years | ||||
Range Four [Member] | |||||
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||||
Risk free interest rate | 0.26% | ||||
Dividend yield | 0% | ||||
Volatility | 100% | ||||
Stock price | 0.49 | ||||
Weighted average life | 2 years 2 months 12 days | ||||
Range Five [Member] | |||||
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||||
Risk free interest rate | 0.64% | ||||
Dividend yield | 0% | ||||
Volatility | 100% | ||||
Stock price | $ 0.34 | ||||
Weighted average life | 5 years |
Schedule of Stock Option Issued
Schedule of Stock Option Issued and Outstanding (Details) | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2022 USD ($) $ / shares shares | Dec. 31, 2021 USD ($) $ / shares shares | Dec. 31, 2020 shares | Jun. 30, 2020 shares | Jun. 30, 2019 shares | |
Subsidiary, Sale of Stock [Line Items] | |||||
Number of stock options outstanding | 9,305,636 | 9,053,136 | 8,015,159 | 7,580,159 | 287,100 |
Number of options vested (exercisable) | 4,687,392 | 4,584,892 | |||
Grant date fair value | $ | $ 2,304,162 | $ 2,533,245 | |||
Stock Options One [Member] | |||||
Subsidiary, Sale of Stock [Line Items] | |||||
Exercise price | $ / shares | $ 0.50 | $ 10 | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 6 months | 0 years | |||
Number of stock options outstanding | 235,000 | 47,500 | |||
Number of options vested (exercisable) | 235,000 | 47,500 | |||
Grant date fair value | $ | $ 46,277 | $ 258,013 | |||
Stock Options Two [Member] | |||||
Subsidiary, Sale of Stock [Line Items] | |||||
Exercise price | $ / shares | $ 0.60 | $ 0.50 | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 1 year 3 months | 10 days | |||
Number of stock options outstanding | 200,000 | 235,000 | |||
Number of options vested (exercisable) | 200,000 | 235,000 | |||
Grant date fair value | $ | $ 52,909 | $ 46,277 | |||
Stock Options Three [Member] | |||||
Subsidiary, Sale of Stock [Line Items] | |||||
Exercise price | $ / shares | $ 0.60 | $ 0.60 | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 2 years 4 months 6 days | 14 days | |||
Number of stock options outstanding | 1,575,000 | 200,000 | |||
Number of options vested (exercisable) | 1,575,000 | 200,000 | |||
Grant date fair value | $ | $ 435,069 | $ 52,909 | |||
Stock Options Four [Member] | |||||
Subsidiary, Sale of Stock [Line Items] | |||||
Exercise price | $ / shares | $ 0.55 | $ 0.60 | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 2 years 9 months 21 days | 5 months 26 days | |||
Number of stock options outstanding | 5,957,659 | 1,575,000 | |||
Number of options vested (exercisable) | 1,489,415 | 1,575,000 | |||
Grant date fair value | $ | $ 1,536,764 | $ 435,069 | |||
Stock Options Five [Member] | |||||
Subsidiary, Sale of Stock [Line Items] | |||||
Exercise price | $ / shares | $ 0.335 | $ 0.55 | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 3 years 7 months 20 days | 2 years 2 months 1 day | |||
Number of stock options outstanding | 1,037,977 | 5,957,659 | |||
Number of options vested (exercisable) | 1,037,977 | 1,489,415 | |||
Grant date fair value | $ | $ 204,213 | $ 1,536,764 | |||
Stock Options Six [Member] | |||||
Subsidiary, Sale of Stock [Line Items] | |||||
Exercise price | $ / shares | $ 0.15 | $ 0.335 | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 4 years 10 months 24 days | 5 months 19 days | |||
Number of stock options outstanding | 300,000 | 1,037,977 | |||
Number of options vested (exercisable) | 150,000 | 1,037,977 | |||
Grant date fair value | $ | $ 28,930 | $ 204,213 |
Capital Stock, Warrants and S_3
Capital Stock, Warrants and Stock Options (Details Narrative) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||
May 31, 2022 $ / shares shares | Oct. 09, 2020 USD ($) shares | Aug. 31, 2020 USD ($) $ / shares shares | Aug. 25, 2020 USD ($) shares | Aug. 25, 2020 CAD ($) shares | Aug. 14, 2020 USD ($) shares | Aug. 14, 2020 CAD ($) shares | Aug. 14, 2020 USD ($) $ / shares | May 12, 2020 USD ($) shares | May 12, 2020 CAD ($) $ / shares shares | Feb. 26, 2020 USD ($) shares | Feb. 26, 2020 CAD ($) $ / shares shares | Jul. 31, 2022 shares | Jun. 30, 2022 $ / shares shares | May 31, 2022 $ / shares shares | Apr. 30, 2022 USD ($) shares | Apr. 30, 2022 CAD ($) shares | Feb. 28, 2021 USD ($) $ / shares shares | Feb. 28, 2021 CAD ($) $ / shares shares | Sep. 30, 2022 USD ($) $ / shares shares | Sep. 30, 2021 USD ($) | Mar. 31, 2021 USD ($) $ / shares shares | Dec. 31, 2020 USD ($) $ / shares shares | Sep. 30, 2022 USD ($) $ / shares shares | Sep. 30, 2022 CAD ($) shares | Sep. 30, 2021 USD ($) shares | Dec. 31, 2021 USD ($) $ / shares shares | Jun. 30, 2020 USD ($) $ / shares shares | Sep. 30, 2022 $ / shares | Feb. 28, 2022 $ / shares | Dec. 31, 2021 $ / shares | Feb. 28, 2021 $ / shares | Dec. 31, 2020 $ / shares | Oct. 09, 2020 $ / shares | Aug. 25, 2020 CAD ($) $ / shares | Aug. 14, 2020 CAD ($) $ / shares | Jun. 30, 2020 $ / shares | Jul. 29, 2002 $ / shares shares | |||
Subsidiary, Sale of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Common stock, shares authorized | 1,500,000,000 | 750,000,000 | 1,500,000,000 | 750,000,000 | 1,500,000,000 | |||||||||||||||||||||||||||||||||||
Common stock, par value | $ / shares | $ 0.000001 | $ 0.000001 | $ 0.000001 | $ 0.000001 | $ 0.000001 | |||||||||||||||||||||||||||||||||||
Preferred stock, shares authorized | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | ||||||||||||||||||||||||||||||||||||
Preferred stock, par value | $ / shares | $ 0.000001 | $ 0.000001 | $ 0.000001 | $ 0.000001 | ||||||||||||||||||||||||||||||||||||
Issuance of common stock, shares | 5,572,980 | 1,315,856 | 1,315,856 | 375,000 | 375,000 | |||||||||||||||||||||||||||||||||||
Share price | (per share) | $ 0.40 | $ 0.26 | $ 0.04 | $ 0.30 | $ 0.35 | $ 0.49 | $ 0.05 | |||||||||||||||||||||||||||||||||
Gross proceeds | $ 9,384,622 | $ 11,796,297 | ||||||||||||||||||||||||||||||||||||||
Financing costs | $ | $ 360,000 | $ 264,435 | $ 30,000 | |||||||||||||||||||||||||||||||||||||
Share price | (per share) | $ 0.32 | $ 0.42 | $ 0.34 | $ 0.40 | 0.56 | |||||||||||||||||||||||||||||||||||
Number of shares issued, value | $ 6,168,069 | 14,262,694 | [1] | $ 750,000 | $ 1,208,389 | [2] | ||||||||||||||||||||||||||||||||||
Accrued liabilities | $ | $ 1,694,461 | 214,218 | 1,694,461 | $ 869,581 | ||||||||||||||||||||||||||||||||||||
Interest payable | $ | $ 500,000 | |||||||||||||||||||||||||||||||||||||||
Loss on loan extinguishment | $ | 23,376 | $ (875,861) | $ (56,146) | $ (56,146) | $ (1,056,296) | |||||||||||||||||||||||||||||||||||
Convertible notes payable | $ | $ 1,600,000 | |||||||||||||||||||||||||||||||||||||||
Contractors [Member] | ||||||||||||||||||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Issuance of common stock, shares | 1,218,000 | |||||||||||||||||||||||||||||||||||||||
Warrant exercise price | $ / shares | $ 0.37 | |||||||||||||||||||||||||||||||||||||||
Teck Rosources Limited [Member] | ||||||||||||||||||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Issuance of common stock, shares | 10,416,667 | |||||||||||||||||||||||||||||||||||||||
Share price | $ / shares | $ 0.245 | $ 0.245 | ||||||||||||||||||||||||||||||||||||||
Warrant exercise price | $ / shares | $ 0.37 | 0.37 | ||||||||||||||||||||||||||||||||||||||
August 2018 Warrant [Member] | ||||||||||||||||||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Number of warrants, Expired | 160,408 | |||||||||||||||||||||||||||||||||||||||
August 2019 Warrant [Member] | ||||||||||||||||||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Number of warrants, Expired | 2,752,900 | |||||||||||||||||||||||||||||||||||||||
November 2018 Warrant [Member] | ||||||||||||||||||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Number of warrants, Expired | 645,866 | |||||||||||||||||||||||||||||||||||||||
November 2019 Warrant [Member] | ||||||||||||||||||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Number of warrants, Expired | 400,000 | |||||||||||||||||||||||||||||||||||||||
April 2020 Loan Extension Warrant [Member] | ||||||||||||||||||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Number of warrants, Expired | 400,000 | |||||||||||||||||||||||||||||||||||||||
Warrant [Member] | ||||||||||||||||||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Warrant exercise price | (per share) | $ 0.18 | $ 0.25 | ||||||||||||||||||||||||||||||||||||||
Number of warrants, Expired | 350,746 | 239,284 | 239,284 | 2,913,308 | 4,359,174 | 229,464 | ||||||||||||||||||||||||||||||||||
Common Stock [Member] | ||||||||||||||||||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Issuance of common stock, shares | 1,975,482 | 19,576,360 | 56,078,434 | [1] | 35,008,956 | [2] | ||||||||||||||||||||||||||||||||||
Number of shares issued, value | $ | $ 20 | $ 56 | [1] | $ 35 | [2] | |||||||||||||||||||||||||||||||||||
February Twenty Twenty Broker Warrants [Member] | ||||||||||||||||||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Number of warrants, Expired | 239,284 | 239,284 | ||||||||||||||||||||||||||||||||||||||
February 2021 [Member] | ||||||||||||||||||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Fair value of option | $ | $ 68,078 | |||||||||||||||||||||||||||||||||||||||
August 2020 [Member] | ||||||||||||||||||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Fair value of option | $ | 521,993 | |||||||||||||||||||||||||||||||||||||||
April Two Thousand Twenty Two [Member] | ||||||||||||||||||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Fair value of option | $ | $ 264,435 | |||||||||||||||||||||||||||||||||||||||
Non-Brokered Private Placement [Member] | ||||||||||||||||||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Issuance of common stock, shares | 107,143 | 107,143 | 2,991,073 | 2,991,073 | ||||||||||||||||||||||||||||||||||||
Share price | $ / shares | $ 0.56 | $ 0.56 | ||||||||||||||||||||||||||||||||||||||
Gross proceeds | $ 44,671 | $ 60,000 | $ 1,256,854 | $ 1,675,000 | ||||||||||||||||||||||||||||||||||||
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 7). | 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 7). | ||||||||||||||||||||||||||||||||||||||
Share price | $ / shares | $ 0.70 | |||||||||||||||||||||||||||||||||||||||
Warrant term | 2 years | |||||||||||||||||||||||||||||||||||||||
Non-Brokered Private Placement [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] | February 2021 Compensation Options [Member] | ||||||||||||||||||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Compensation options, shares | 351,000 | 351,000 | ||||||||||||||||||||||||||||||||||||||
Shares issued price per share | $ / shares | $ 0.40 | |||||||||||||||||||||||||||||||||||||||
Equity issuance cost | $ | $ 154,630 | |||||||||||||||||||||||||||||||||||||||
Non-Brokered Private Placement [Member] | Warrant [Member] | ||||||||||||||||||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Issuance of common stock, shares | 1,471,664 | |||||||||||||||||||||||||||||||||||||||
Share price | $ / shares | $ 0.30 | 0.30 | ||||||||||||||||||||||||||||||||||||||
Warrant exercise price | $ / shares | 0.37 | 0.37 | ||||||||||||||||||||||||||||||||||||||
Sale of Stock, Number of Shares Issued in Transaction | 1,471,664 | 1,471,664 | ||||||||||||||||||||||||||||||||||||||
Non-Brokered Private Placement [Member] | Convertible Loan Facility [Member] | ||||||||||||||||||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Issuance of common stock, shares | 696,428 | 696,428 | ||||||||||||||||||||||||||||||||||||||
Number of shares issued, value | $ | $ 300,000 | |||||||||||||||||||||||||||||||||||||||
Non-Brokered Private Placement [Member] | February 2021 Offering [Member] | ||||||||||||||||||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Issuance of common stock, shares | 19,576,360 | 19,576,360 | ||||||||||||||||||||||||||||||||||||||
Share price | $ / shares | $ 0.40 | |||||||||||||||||||||||||||||||||||||||
Gross proceeds | $ 6,168,069 | $ 7,830,544 | ||||||||||||||||||||||||||||||||||||||
Non-Brokered Private Placement [Member] | Broker Warrants [Member] | ||||||||||||||||||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Issuance of common stock, shares | 239,284 | 239,284 | ||||||||||||||||||||||||||||||||||||||
Non-Brokered Private Placement [Member] | February 2021 [Member] | ||||||||||||||||||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Issuance of common stock, shares | 417,720 | 417,720 | ||||||||||||||||||||||||||||||||||||||
Number of shares issued, value | $ | $ 132,000 | |||||||||||||||||||||||||||||||||||||||
Accrued liabilities | $ | $ 132,000 | |||||||||||||||||||||||||||||||||||||||
Deemed price | $ / shares | $ 0.45 | |||||||||||||||||||||||||||||||||||||||
Loss on loan extinguishment | $ | $ 56,146 | |||||||||||||||||||||||||||||||||||||||
Brokered Private Placement [Member] | August 2020 Offering [Member] | ||||||||||||||||||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Shares issued for settlement of accounts payable | 2,205,714 | |||||||||||||||||||||||||||||||||||||||
Value of shares issued for settlement of accounts payable | $ | $ 177,353 | |||||||||||||||||||||||||||||||||||||||
Accrued liabilities | $ | 55,676 | |||||||||||||||||||||||||||||||||||||||
Interest payable | $ | 28,300 | |||||||||||||||||||||||||||||||||||||||
Promissory notes payable | $ | $ 344,185 | |||||||||||||||||||||||||||||||||||||||
Deemed price | $ / shares | $ 0.67 | |||||||||||||||||||||||||||||||||||||||
Loss on loan extinguishment | $ | $ 899,237 | |||||||||||||||||||||||||||||||||||||||
Brokered Private Placement [Member] | Share-Based Payment Arrangement, Tranche One [Member] | ||||||||||||||||||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Issuance of common stock, shares | 35,212,142 | 35,212,142 | ||||||||||||||||||||||||||||||||||||||
Share price | $ / shares | $ 0.35 | |||||||||||||||||||||||||||||||||||||||
Gross proceeds | $ 9,301,321 | $ 12,324,250 | ||||||||||||||||||||||||||||||||||||||
Financing costs | $ 709,488 | $ 709,488 | $ 849,978 | |||||||||||||||||||||||||||||||||||||
Brokered Private Placement [Member] | Share-Based Payment Arrangement, Tranche One [Member] | August 2020 Warrants [Member] | ||||||||||||||||||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Share price | $ / shares | $ 0.50 | |||||||||||||||||||||||||||||||||||||||
Brokered Private Placement [Member] | Share-Based Payment Arrangement, Tranche Two [Member] | ||||||||||||||||||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Issuance of common stock, shares | 20,866,292 | 20,866,292 | ||||||||||||||||||||||||||||||||||||||
Share price | $ / shares | $ 0.35 | |||||||||||||||||||||||||||||||||||||||
Gross proceeds | $ 5,510,736 | $ 7,303,202 | ||||||||||||||||||||||||||||||||||||||
Financing costs | $ 237,668 | $ 314,512 | ||||||||||||||||||||||||||||||||||||||
Compensation options, shares | 1,127,178 | 1,127,178 | ||||||||||||||||||||||||||||||||||||||
Loss on private placement | $ | $ 940,290 | |||||||||||||||||||||||||||||||||||||||
Equity issuance cost | $ | $ 947,156 | |||||||||||||||||||||||||||||||||||||||
Brokered Private Placement [Member] | Compensation Options [Member] | Share-Based Payment Arrangement, Tranche One [Member] | ||||||||||||||||||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Compensation options, shares | 2,112,729 | 2,112,729 | ||||||||||||||||||||||||||||||||||||||
Shares issued price per share | $ / shares | $ 0.35 | |||||||||||||||||||||||||||||||||||||||
Private Placement [Member] | Warrant [Member] | ||||||||||||||||||||||||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||
Issuance of common stock, shares | 4,809,160 | 4,809,160 | ||||||||||||||||||||||||||||||||||||||
Share price | $ / shares | 0.30 | 0.30 | $ 0.30 | |||||||||||||||||||||||||||||||||||||
Warrant exercise price | $ / shares | $ 0.37 | $ 0.37 | $ 0.37 | |||||||||||||||||||||||||||||||||||||
Sale of Stock, Number of Shares Issued in Transaction | 37,849,325 | 37,849,325 | ||||||||||||||||||||||||||||||||||||||
Compensation options exercisable to acquire shares | 1,879,892 | |||||||||||||||||||||||||||||||||||||||
[1]Units issued at C$ 0.35 0.26 0.05 0.04 |
Schedule of Restricted Share Un
Schedule of Restricted Share Units (Details) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||||||
Jan. 02, 2021 USD ($) shares | Jul. 31, 2021 USD ($) shares | Sep. 30, 2022 $ / shares shares | Jun. 30, 2022 $ / shares shares | Dec. 31, 2020 $ / shares shares | Dec. 31, 2020 $ / shares shares | Sep. 30, 2022 USD ($) shares | Sep. 30, 2022 $ / shares | Sep. 30, 2021 USD ($) shares | Dec. 31, 2021 USD ($) shares | Dec. 31, 2021 $ / shares | Jun. 30, 2020 $ / shares shares | Jun. 30, 2020 $ / shares shares | ||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||||||||||||||||||
Number of shares, Unvested, Beginning balance | 576,000 | 600,000 | 600,000 | 576,000 | 988,990 | 988,990 | ||||||||||||||
Weighted average grant date fair value per share, Unvested, Beginning balance | (per share) | $ 0.62 | $ 0.40 | $ 0.62 | $ 0.39 | ||||||||||||||||
Number of shares, Granted | 388,990 | [1],[2] | 388,990 | [1],[2] | 624,750 | 1,348,434 | [3],[4] | 600,000 | [3],[4] | 600,000 | [3],[4] | |||||||||
Weighted average grant date fair value per share, Granted | $ / shares | $ 0.39 | [1],[2] | 0.29 | 0.38 | [3],[4] | $ 0.40 | [3],[4] | |||||||||||||
Number of shares, Vested | 774,750 | 1,516,299 | [3],[4] | [3],[4] | [3],[4] | |||||||||||||||
Weighted average grant date fair value per share, Vested | $ / shares | 0.40 | 0.41 | ||||||||||||||||||
Number of shares, Forfeited | [3],[4] | 245,125 | ||||||||||||||||||
Weighted average grant date fair value per share, Forfeited | $ / shares | [3],[4] | 0.52 | ||||||||||||||||||
Number of shares, Vested | (774,750) | (1,516,299) | [3],[4] | [3],[4] | [3],[4] | |||||||||||||||
Number of shares, Forfeited | [3],[4] | (245,125) | ||||||||||||||||||
Number of shares, Unvested, Ending balance | 426,000 | 988,990 | 988,990 | 426,000 | 576,000 | 600,000 | 600,000 | |||||||||||||
Weighted average grant date fair value per share, Unvested, Ending balance | (per share) | $ 0.60 | $ 0.39 | $ 0.60 | $ 0.62 | $ 0.40 | |||||||||||||||
Consultant One [Member] | Restricted Stock Units (RSUs) [Member] | ||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||||||||||||||||||
Number of shares, Granted | 735,383 | |||||||||||||||||||
Number of shares, Vested | 245,128 | 490,258 | ||||||||||||||||||
Number of shares, Forfeited | 245,125 | |||||||||||||||||||
Number of shares, Vested | (245,128) | (490,258) | ||||||||||||||||||
Number of shares, Forfeited | (245,125) | |||||||||||||||||||
Share-Based Payment Arrangement, Expense | $ | $ 64,870 | $ 64,870 | $ 265,101 | $ 199,542 | ||||||||||||||||
[1]On December 6, 2020, the Company granted 220,990 58,740 29,304 168,000 30,510 3,998 400,000 71,829 55,135 23,073 200,000 24,659 18,703 7,217 |
Schedule of Restricted Share _2
Schedule of Restricted Share Units (Details) (Parenthetical) - USD ($) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||||
Aug. 05, 2021 | Jul. 02, 2021 | Jan. 02, 2021 | Dec. 06, 2020 | Nov. 16, 2020 | Apr. 20, 2020 | Apr. 14, 2020 | Jul. 31, 2021 | Sep. 30, 2022 | Dec. 31, 2020 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | Jun. 30, 2020 | |||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||||||||||||||||
Share based payment award, grants in period | 388,990 | [1],[2] | 624,750 | 1,348,434 | [3],[4] | 600,000 | [3],[4] | |||||||||||
Share based payment award, vested in period | 774,750 | 1,516,299 | [3],[4] | [3],[4] | ||||||||||||||
Share based payment award, forfeited in period | [3],[4] | 245,125 | ||||||||||||||||
Officer [Member] | ||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||||||||||||||||
Stock based compensation expense | $ 43,941 | $ 160,750 | $ 204,213 | |||||||||||||||
Officer [Member] | Restricted Stock Units (RSUs) [Member] | ||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||||||||||||||||
Share based payment award, grants in period | 400,000 | |||||||||||||||||
Stock based compensation expense | $ 55,135 | 30,380 | $ 57,495 | 71,829 | $ 23,073 | |||||||||||||
Director [Member] | Restricted Stock Units (RSUs) [Member] | ||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||||||||||||||||
Share based payment award, grants in period | 200,000 | |||||||||||||||||
Stock based compensation expense | 18,703 | 10,452 | 19,796 | 24,659 | 7,217 | |||||||||||||
Directors [Member] | ||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||||||||||||||||
Stock based compensation expense | 403,456 | 531,925 | 162,855 | |||||||||||||||
Directors [Member] | Restricted Stock Units (RSUs) [Member] | ||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||||||||||||||||
Share based payment award, grants in period | 168,000 | |||||||||||||||||
Stock based compensation expense | 3,998 | 30,510 | ||||||||||||||||
Consultant [Member] | ||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||||||||||||||||
Stock based compensation expense | 20,259 | 32,651 | ||||||||||||||||
Consultant [Member] | Restricted Stock Units (RSUs) [Member] | ||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||||||||||||||||
Share based payment award, grants in period | 220,990 | |||||||||||||||||
Stock based compensation expense | $ 29,304 | 58,740 | 58,740 | |||||||||||||||
Consultant One [Member] | Restricted Stock Units (RSUs) [Member] | ||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||||||||||||||||
Share based payment award, grants in period | 735,383 | |||||||||||||||||
Stock based compensation expense | $ 64,870 | $ 64,870 | 265,101 | $ 199,542 | ||||||||||||||
Share based payment award, vested in period | 245,128 | 490,258 | ||||||||||||||||
Share based payment award, forfeited in period | 245,125 | |||||||||||||||||
Consultant One [Member] | Restricted Stock Units (RSUs) [Member] | Vest Immediately [Member] | ||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||||||||||||||||
Share based payment award, vested in period | 245,128 | |||||||||||||||||
Consultant One [Member] | Restricted Stock Units (RSUs) [Member] | Vested in 1/12 Increments per Month [Member] | ||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||||||||||||||||
Share based payment award, forfeited in period | 245,125 | |||||||||||||||||
Consultant Two [Member] | Restricted Stock Units (RSUs) [Member] | ||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||||||||||||||||
Share based payment award, grants in period | 17,823 | |||||||||||||||||
Stock based compensation expense | 4,026 | $ 4,026 | ||||||||||||||||
Consultant Three [Member] | Restricted Stock Units (RSUs) [Member] | ||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||||||||||||||||
Share based payment award, grants in period | 595,228 | |||||||||||||||||
Stock based compensation expense | $ 100,022 | $ 100,022 | ||||||||||||||||
[1]On December 6, 2020, the Company granted 220,990 58,740 29,304 168,000 30,510 3,998 400,000 71,829 55,135 23,073 200,000 24,659 18,703 7,217 |
Schedule of Deferred Share Unit
Schedule of Deferred Share Units (Details) | 6 Months Ended | 9 Months Ended | 12 Months Ended | 18 Months Ended | |||||||||||||
Jul. 02, 2022 shares | Mar. 31, 2022 shares | Apr. 21, 2020 shares | Dec. 31, 2020 $ / shares shares | Dec. 31, 2020 $ / shares shares | Sep. 30, 2022 $ / shares shares | Dec. 31, 2021 $ / shares shares | Jun. 30, 2020 $ / shares shares | Jun. 30, 2020 $ / shares shares | Jun. 30, 2020 $ / shares shares | ||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||||||||||||||
Number of shares, Unvested, Beginning balance | shares | 600,000 | 600,000 | 576,000 | 988,990 | |||||||||||||
Weighted average grant date fair value per share, Unvested, Beginning balance | (per share) | $ 0.40 | $ 0.62 | $ 0.39 | ||||||||||||||
Number of shares, Granted | shares | 388,990 | [1],[2] | 388,990 | [1],[2] | 624,750 | 1,348,434 | [3],[4] | 600,000 | [3],[4] | 600,000 | [3],[4] | ||||||
Weighted average grant date fair value per share, Granted | $ 0.39 | [1],[2] | $ 0.29 | $ 0.38 | [3],[4] | $ 0.40 | [3],[4] | ||||||||||
Number of shares, Vested | shares | (774,750) | (1,516,299) | [3],[4] | [3],[4] | [3],[4] | ||||||||||||
Weighted average grant date fair value per share, Vested | $ 0.40 | $ 0.41 | |||||||||||||||
Number of shares, Unvested, Ending balance | shares | 988,990 | 988,990 | 426,000 | 576,000 | 600,000 | 600,000 | 600,000 | ||||||||||
Weighted average grant date fair value per share, Unvested, Ending balance | (per share) | $ 0.39 | $ 0.60 | $ 0.62 | $ 0.40 | |||||||||||||
Deferred Share Unit [Member] | |||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||||||||||||||
Weighted average grant date fair value per share, Unvested, Beginning balance | 1.03 | $ 1.03 | 1.03 | ||||||||||||||
Weighted average grant date fair value per share, Granted | [5] | 1.03 | |||||||||||||||
Weighted average grant date fair value per share, Vested | 1.03 | $ 0.65 | |||||||||||||||
Weighted average grant date fair value per share, Unvested, Ending balance | $ 1.03 | $ 1.03 | $ 1.03 | $ 1.03 | |||||||||||||
Deferred Share Unit [Member] | |||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||||||||||||||
Number of shares, Unvested, Beginning balance | shares | 7,500,000 | 7,500,000 | 5,625,000 | 7,500,000 | [6] | ||||||||||||
Weighted average grant date fair value per share, Unvested, Beginning balance | $ 1.03 | $ 1.03 | [6] | ||||||||||||||
Number of shares, Granted | shares | 210,000 | 7,500,000 | 210,000 | [6] | 7,500,000 | [5] | 7,500,000 | [5] | |||||||||
Weighted average grant date fair value per share, Granted | [7] | $ 0.20 | |||||||||||||||
Number of shares, Vested | shares | (625,000) | (3,125,000) | [7],[8] | (1,875,000) | |||||||||||||
Weighted average grant date fair value per share, Vested | [7],[8] | $ 1.03 | |||||||||||||||
Number of shares, Unvested, Ending balance | shares | 7,500,000 | [6] | 7,500,000 | [6] | 2,710,000 | 5,625,000 | 7,500,000 | 7,500,000 | 7,500,000 | ||||||||
Weighted average grant date fair value per share, Unvested, Ending balance | $ 1.03 | [6] | $ 1 | $ 1.03 | |||||||||||||
[1]On December 6, 2020, the Company granted 220,990 58,740 29,304 168,000 30,510 3,998 400,000 71,829 55,135 23,073 200,000 24,659 18,703 7,217 7,500,000 5 421,284 560,461 549,664 1,531,409 7,500,000 5 210,000 12 493,060 430,964 2,500,000 363,648 625,000 2,500,000 750,000 375,000 0.30 |
Schedule of Deferred Share Un_2
Schedule of Deferred Share Units (Details) (Parenthetical) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||||||
Jul. 02, 2022 shares | Mar. 31, 2022 shares | Oct. 09, 2020 $ / shares shares | Apr. 21, 2020 shares | Apr. 30, 2022 shares | Mar. 31, 2021 USD ($) $ / shares | Dec. 31, 2020 USD ($) $ / shares shares | Sep. 30, 2022 USD ($) shares | Sep. 30, 2022 CAD ($) shares | Sep. 30, 2021 USD ($) | Dec. 31, 2021 USD ($) shares | Jun. 30, 2020 USD ($) $ / shares shares | Sep. 30, 2022 $ / shares | Dec. 31, 2020 $ / shares | Jun. 30, 2020 $ / shares | ||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||||||||||||||||||
Deferred share unit liability | $ | $ 1,110,125 | $ 363,648 | $ 1,531,409 | |||||||||||||||||
Number of shares, granted | 388,990 | [1],[2] | 624,750 | 624,750 | 1,348,434 | [3],[4] | 600,000 | [3],[4] | ||||||||||||
Redemption value | $ | $ 2,500,000 | |||||||||||||||||||
Number of stock option, vested | 774,750 | 774,750 | 1,516,299 | [3],[4] | [3],[4] | |||||||||||||||
Director redeemed | $ | $ 2,500,000 | |||||||||||||||||||
Shares issued at C $0.40 per share | $ 6,168,069 | $ 14,262,694 | [5] | $ 750,000 | $ 1,208,389 | [6] | ||||||||||||||
Shares issued at C $0.40 per share, shares | 5,572,980 | 1,315,856 | 375,000 | 375,000 | ||||||||||||||||
Shares issued price per share | (per share) | $ 0.49 | $ 0.40 | $ 0.26 | $ 0.04 | $ 0.30 | $ 0.35 | $ 0.05 | |||||||||||||
Deferred Share Unit [Member] | ||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||||||||||||||||||||
Number of shares, granted in deferred share units | 7,500,000 | |||||||||||||||||||
Grant date and expire in deferred share units | 5 years | |||||||||||||||||||
Stock based compensation | $ | $ 560,461 | $ 493,060 | $ 430,964 | $ 421,284 | $ 549,664 | |||||||||||||||
Deferred share unit liability | $ | $ 363,648 | $ 1,531,409 | ||||||||||||||||||
Number of shares, granted | 210,000 | 7,500,000 | 210,000 | [7] | 210,000 | [7] | 7,500,000 | [8] | ||||||||||||
Grant date and expire in deferred share units | 5 years | |||||||||||||||||||
Vesting period | 12 months | |||||||||||||||||||
Number of stock option, vested | 625,000 | 3,125,000 | [9],[10] | 3,125,000 | [9],[10] | 1,875,000 | ||||||||||||||
[1]On December 6, 2020, the Company granted 220,990 58,740 29,304 168,000 30,510 3,998 400,000 71,829 55,135 23,073 200,000 24,659 18,703 7,217 0.35 0.26 0.05 0.04 7,500,000 5 210,000 12 493,060 430,964 2,500,000 363,648 7,500,000 5 421,284 560,461 549,664 1,531,409 2,500,000 750,000 375,000 0.30 625,000 |
Commitments and Contingencies (
Commitments and Contingencies (Details Narrative) | 6 Months Ended | 9 Months Ended | 12 Months Ended | |||
Dec. 31, 2020 USD ($) | Sep. 30, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2021 CAD ($) | Dec. 31, 2020 USD ($) | Jun. 30, 2020 USD ($) | |
Loss Contingencies [Line Items] | ||||||
Operating Lease, Payments | $ 64,828 | $ 129,191 | $ 13,504 | $ 123,098 | ||
Lease expires, description | expires in May 2022 | expires in May 2022 | ||||
Rent expenses | $ 156,055 | $ 26,000 | ||||
Accounts Payable and Accrued Liabilities [Member] | ||||||
Loss Contingencies [Line Items] | ||||||
Operating Lease, Payments | $ 11,298,594 | 16,417,208 | $ 7,915,235 | |||
Placer Mining Corp [Member] | ||||||
Loss Contingencies [Line Items] | ||||||
Debt Instrument, Periodic Payment | $ 60,000 |
Schedule of Income Tax Provisio
Schedule of Income Tax Provision (Details) - USD ($) | 6 Months Ended | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2021 | Jun. 30, 2020 | Jun. 30, 2019 | |
Income Tax Disclosure [Abstract] | ||||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21% | 21% | ||
Loss before income taxes | $ 2,164,454 | $ 6,402,277 | $ 31,321,791 | |
Expected income tax recovery | (454,535) | (1,344,478) | (6,577,576) | |
Change in estimates in respect of prior periods | 837,195 | |||
Change in tax rate | 181,332 | 274,477 | ||
Change in fair value of derivative liability | (2,583,095) | |||
State and local taxes, net of federal benefit | 17,632 | (960,296) | (1,576,384) | |
Share issuance costs | 198,903 | |||
Accretion | 24,862 | 81,746 | ||
Stock based compensation | 296,448 | 219,952 | ||
Loss on loan extinguishment | 223,798 | |||
Other | 2,006 | 5,033 | 980 | |
Change in valuation allowance | (266,647) | 3,771,164 | 7,627,485 | |
Total |
Schedule of Deferred Tax Assets
Schedule of Deferred Tax Assets (Details) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 | Jun. 30, 2020 |
Income Tax Disclosure [Abstract] | |||
Net operating loss carry forwards | $ 6,724,313 | $ 5,547,502 | $ 6,148,029 |
Mineral interest purchase option | 10,707,362 | 7,101,619 | 5,068,605 |
Other deferred tax assets | 454,499 | 1,453,133 | 3,600,101 |
Valuation allowance | (17,886,174) | (14,115,010) | (14,832,531) |
Unrealized foreign exchange loss | 12,756 | 15,796 | |
Total |
Schedule of Components of Defer
Schedule of Components of Deferred Tax Assets and Liabilities (Details) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 | Jun. 30, 2020 |
Income Tax Disclosure [Abstract] | |||
Net operating loss carryforwards | $ 59,955 | $ 16,241 | $ 9,910 |
Lease liabilities | 56,322 | ||
Equipment | (18,809) | (16,241) | (9,910) |
Unrealized foreign exchange gain | (41,146) | ||
Right of use assets and lease obligations | (56,322) | ||
Total |
Income taxes (Details Narrative
Income taxes (Details Narrative) - USD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | |
Income Tax Disclosure [Abstract] | |||
Operating Loss Carryforwards | $ 26,356,908 | $ 21,310,259 | $ 19,775,710 |
Lessor, Operating Lease, Description | The net operating loss carryforwards generated before 2018 expire between 2031 and 2037. The losses generated in 2018 and later tax years do not expire. |
Schedule of Related Party Trans
Schedule of Related Party Transactions (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Related Party Transactions [Abstract] | ||||
Consulting fees and wages | $ 248,472 | $ 276,049 | $ 1,832,323 | $ 846,604 |
Related party transactions (Det
Related party transactions (Details Narrative) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||||||
Jul. 02, 2022 USD ($) | Oct. 09, 2020 shares | Apr. 30, 2022 shares | Mar. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) $ / shares shares | Dec. 31, 2020 CAD ($) $ / shares shares | Sep. 30, 2022 CAD ($) $ / shares shares | Dec. 31, 2021 USD ($) shares | Dec. 31, 2021 USD ($) $ / shares shares | Jun. 30, 2020 USD ($) shares | Jun. 30, 2020 USD ($) $ / shares | Sep. 30, 2022 USD ($) | Sep. 30, 2021 USD ($) | ||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||
Number of shares issued | shares | 5,572,980 | 1,315,856 | 375,000 | |||||||||||||||||
Number of stock options, Granted | shares | 435,000 | [1],[2] | 435,000 | [1],[2] | 300,000 | [3] | 1,037,977 | [4],[5] | 7,532,659 | [6],[7] | ||||||||||
Weighted Average exercise price Issued - Compensation Options | $ / shares | $ 0.55 | [1],[2] | $ 0.15 | [3] | $ 0.34 | [4],[5] | $ 0.56 | [6],[7] | ||||||||||||
Shares issued at C $0.40 per share | $ 6,168,069 | $ 14,262,694 | [8] | $ 750,000 | $ 1,208,389 | [9] | ||||||||||||||
David Wiens [Member] | ||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||
Related party transactions | $ 276,315 | |||||||||||||||||||
Service expense payable | $ 108,335 | $ 108,335 | ||||||||||||||||||
Number of stock options, Granted | shares | 1,037,977 | |||||||||||||||||||
Number of vested stock option shares | shares | 273,271 | |||||||||||||||||||
Number of option vested | shares | 764,706 | 764,706 | ||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 5 years | |||||||||||||||||||
Weighted Average exercise price Issued - Compensation Options | $ / shares | $ 0.335 | |||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested in Period, Fair Value | $ 204,213 | |||||||||||||||||||
Share-Based Payment Arrangement, Expense | 204,213 | |||||||||||||||||||
John Ryan [Member] | ||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||
Related party transactions | 13,500 | 51,500 | ||||||||||||||||||
Wayne Parsons [Member] | ||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||
Related party transactions | 71,390 | 120,127 | 136,045 | |||||||||||||||||
Hugh Aird [Member] | ||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||
Related party transactions | 18,223 | 9,774 | ||||||||||||||||||
Richard Williams [Member] | ||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||
Related party transactions | 78,201 | 179,605 | 134,927 | |||||||||||||||||
Due to Related Parties | $ 45,000 | 108,719 | $ 108,719 | 121,161 | $ 121,161 | |||||||||||||||
Promissory note | 75,000 | 75,000 | ||||||||||||||||||
Debt issue costs | 15,000 | $ 15,000 | ||||||||||||||||||
Richard Williams [Member] | August 2020 Units [Member] | ||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||
Number of shares issued | shares | 214,286 | 214,286 | ||||||||||||||||||
Deemed price | $ / shares | $ 0.67 | |||||||||||||||||||
Settlement of debt | $ 56,925 | |||||||||||||||||||
Sam Ash [Member] | ||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||
Related party transactions | $ 125,000 | 250,000 | 60,000 | |||||||||||||||||
Service expense payable | 62,500 | $ 62,500 | ||||||||||||||||||
Sam Ash [Member] | August 2020 Units [Member] | ||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||
Number of shares issued | shares | 77,143 | 77,143 | ||||||||||||||||||
Deemed price | $ / shares | $ 0.67 | |||||||||||||||||||
Settlement of debt | $ 20,000 | |||||||||||||||||||
Pam Saxton [Member] | ||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||
Related party transactions | 7,000 | 37,669 | ||||||||||||||||||
Cassandra Joseph [Member] | ||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||
Related party transactions | $ 11,290 | $ 37,494 | ||||||||||||||||||
Shareholder [Member] | August 2020 Units [Member] | ||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||
Number of shares issued | shares | 300,000 | 300,000 | ||||||||||||||||||
Deemed price | $ / shares | $ 0.67 | |||||||||||||||||||
Settlement of debt | $ 77,696 | $ 105,000 | ||||||||||||||||||
Key Management Personnel [Member] | ||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||
Accounts payable and accrued liabilities | $ 15,000 | $ 102,235 | ||||||||||||||||||
Director [Member] | ||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||
Shares issued at C $0.40 per share | $ 210,000 | |||||||||||||||||||
[1]On October 30, 2020, 235,000 0.50 December 31, 2022 46,277 46,277 200,000 0.60 50 50 3 52,909 32,651 20,259 nil 300,000 150,000 5 0.15 28,930 14,465 1,037,977 273,271 764,706 5 0.335 204,213 43,941 160,750 5,957,659 0.55 5 1,536,764 531,925 403,456 162,855 1,575,000 5 0.60 435,069 50,909 74,949 309,211 0.35 0.26 0.05 0.04 |
Schedule of Plant Asset Consist
Schedule of Plant Asset Consists (Details) - USD ($) | Sep. 30, 2022 | May 13, 2022 | Jan. 07, 2022 | Dec. 31, 2021 |
Subsequent Events [Abstract] | ||||
Deposit paid | $ 500,000 | $ 500,000 | ||
Sales tax paid | 231,000 | $ 231,000 | ||
Value of shares issued | 1,970,264 | $ 1,970,264 | ||
Value of warrants issued | 1,273,032 | |||
Total plant & inventory purchased | 3,974,296 | |||
Site preparation costs | 619,172 | |||
Demobilization | 1,806,229 | |||
Less spare parts inventory | (341,003) | |||
Pend Oreille plant asset, net | $ 6,058,694 |
Schedule of Mining Interests (D
Schedule of Mining Interests (Details) - USD ($) | Sep. 30, 2022 | Jan. 07, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Subsequent Events [Abstract] | ||||
Contract purchase price | $ 7,700,000 | |||
Less: Credit by seller for prior maintenance payments | (300,000) | |||
Net present value of water treatment cost recovery liability assumed | 6,402,425 | |||
Closing costs capitalized | 2,638 | |||
Mine acquisition costs - legal | 442,147 | |||
Total carrying cost of mine | $ 14,805,360 | $ 14,247,210 | $ 1 | $ 1 |
Subsequent Events (Details Narr
Subsequent Events (Details Narrative) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||||||||||||||||||
Mar. 09, 2022 USD ($) $ / shares shares | Mar. 03, 2022 USD ($) | Jan. 31, 2022 USD ($) $ / shares | Jan. 07, 2022 USD ($) | Oct. 09, 2020 $ / shares shares | Nov. 30, 2022 shares | Oct. 31, 2022 USD ($) shares | Apr. 30, 2022 USD ($) shares | Apr. 30, 2022 CAD ($) shares | Jan. 31, 2022 USD ($) $ / shares | Sep. 30, 2022 USD ($) | Sep. 30, 2022 USD ($) shares | Sep. 30, 2021 USD ($) | Dec. 31, 2021 USD ($) $ / shares | Dec. 31, 2021 CAD ($) | Dec. 31, 2020 USD ($) $ / shares | Oct. 23, 2022 USD ($) | Sep. 30, 2022 $ / shares | Jun. 17, 2022 USD ($) | May 31, 2022 $ / shares | Feb. 28, 2022 $ / shares | Jan. 28, 2022 USD ($) | Dec. 31, 2021 $ / shares | Dec. 20, 2021 USD ($) | Mar. 31, 2021 $ / shares | Dec. 31, 2020 $ / shares | Jun. 30, 2020 $ / shares | Jun. 30, 2020 $ / shares | |
Debt Instrument, Interest Rate, Stated Percentage | 9% | 9% | ||||||||||||||||||||||||||
Share price | (per share) | $ 0.32 | $ 0.34 | $ 0.40 | $ 0.42 | $ 0.56 | |||||||||||||||||||||||
Operating Lease, Payments | $ 64,828 | $ 129,191 | $ 13,504 | $ 123,098 | ||||||||||||||||||||||||
Payments for mining cash | $ 356,149 | $ 356,149 | ||||||||||||||||||||||||||
Proceeds from Issuance of Private Placement | $ 9,384,622 | $ 11,796,297 | ||||||||||||||||||||||||||
Shares issued at C $0.40 per share, shares | shares | 5,572,980 | 1,315,856 | 1,315,856 | 375,000 | ||||||||||||||||||||||||
Shares issued, price per share | (per share) | $ 0.49 | $ 0.26 | $ 0.30 | $ 0.40 | $ 0.35 | $ 0.04 | $ 0.05 | |||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 0% | |||||||||||||||||||||||||||
Monthly fee | $ 51,000,000 | |||||||||||||||||||||||||||
U S Environmental Protection Agency [Member] | ||||||||||||||||||||||||||||
Restricted cash | $ 9,476,000 | $ 9,476,000 | ||||||||||||||||||||||||||
Private Placement [Member] | Warrant [Member] | ||||||||||||||||||||||||||||
Shares issued at C $0.40 per share, shares | shares | 4,809,160 | 4,809,160 | ||||||||||||||||||||||||||
Shares issued, price per share | $ / shares | $ 0.30 | $ 0.30 | ||||||||||||||||||||||||||
Subsequent Event [Member] | ||||||||||||||||||||||||||||
Payments to Acquire Businesses, Gross | $ 2,000,000 | |||||||||||||||||||||||||||
Business Combination, Consideration Transferred | $ 7,700,000 | |||||||||||||||||||||||||||
Operating Lease, Payments | 300,000 | |||||||||||||||||||||||||||
Deposits | 2,000,000 | |||||||||||||||||||||||||||
Payments for mining cash | $ 200,000 | 5,400,000 | ||||||||||||||||||||||||||
Liability assumed | 19,000,000 | |||||||||||||||||||||||||||
Settlement payment | $ 2,900,000 | |||||||||||||||||||||||||||
Description for package comprises of property | The package comprises substantially all processing equipment of value located at the site, including complete crushing, grinding and flotation circuits | |||||||||||||||||||||||||||
Issuance of outstanding convertible debt | shares | 8,252,940 | |||||||||||||||||||||||||||
Subsequent Event [Member] | Long Term Incentive Plan [Member] | ||||||||||||||||||||||||||||
Restricted share units, shares | shares | 4,396,741 | |||||||||||||||||||||||||||
Subsequent Event [Member] | U S Environmental Protection Agency [Member] | ||||||||||||||||||||||||||||
Improvements in liquidity | $ 3,000,000 | |||||||||||||||||||||||||||
Restricted cash | $ 2,001,000 | |||||||||||||||||||||||||||
Collateral letter of credit | 7,001,000 | |||||||||||||||||||||||||||
Letter of credit | 2,000,001 | |||||||||||||||||||||||||||
Payments for Collateral letter of credit | 5,000,000 | |||||||||||||||||||||||||||
Subsequent Event [Member] | U S Environmental Protection Agency [Member] | Maximum [Member] | ||||||||||||||||||||||||||||
Collateral letter of credit | 7,001,000 | |||||||||||||||||||||||||||
Subsequent Event [Member] | U S Environmental Protection Agency [Member] | Third Party [Member] | ||||||||||||||||||||||||||||
Payments for Collateral letter of credit | 2,000,000 | |||||||||||||||||||||||||||
Monthly fee | 20,000 | |||||||||||||||||||||||||||
Subsequent Event [Member] | Warrant [Member] | ||||||||||||||||||||||||||||
Share price | $ / shares | $ 0.37 | |||||||||||||||||||||||||||
Closing date | 36 months | |||||||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 15% | |||||||||||||||||||||||||||
Cash commission received percentage | 0.060 | |||||||||||||||||||||||||||
Subsequent Event [Member] | Private Placement [Member] | Warrant [Member] | ||||||||||||||||||||||||||||
Proceeds from Issuance of Private Placement | $ 15,000,000 | |||||||||||||||||||||||||||
Shares issued at C $0.40 per share, shares | shares | 50,000,000 | |||||||||||||||||||||||||||
Shares issued, price per share | $ / shares | $ 0.30 | |||||||||||||||||||||||||||
Subsequent Event [Member] | Teck Resources Limited [Member] | ||||||||||||||||||||||||||||
Payments to Acquire Businesses, Gross | $ 3,000,000 | |||||||||||||||||||||||||||
Cash Acquired from Acquisition | 2,750,000 | |||||||||||||||||||||||||||
Non-refundable deposit | 500,000 | |||||||||||||||||||||||||||
Royalty [Member] | ||||||||||||||||||||||||||||
Royalty percentage | 1.85% | 1.85% | ||||||||||||||||||||||||||
Royalty Convertible Debenture [Member] | ||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 8,000,000 | |||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 9% | |||||||||||||||||||||||||||
Placer Mining Corp [Member] | ||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment | $ 60,000 | |||||||||||||||||||||||||||
Mine Water L L C [Member] | Subsequent Event [Member] | ||||||||||||||||||||||||||||
Payments for mining cash | $ 60,000 | |||||||||||||||||||||||||||
Restricted share units, shares | shares | 1,599,150 | |||||||||||||||||||||||||||
Convertible Debt [Member] | ||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 5,000,000 | $ 15,000,000 | $ 6,000,000 | |||||||||||||||||||||||||
Convertible Debt [Member] | Subsequent Event [Member] | ||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 5,000,000 | $ 5,000,000 | ||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 7.50% | 7.50% | ||||||||||||||||||||||||||
Payments to Acquire Businesses, Gross | $ 6,000,000 | |||||||||||||||||||||||||||
Share price | $ / shares | $ 0.30 | $ 0.30 | ||||||||||||||||||||||||||
Convertible Debt [Member] | Royalty [Member] | ||||||||||||||||||||||||||||
Royalty percentage | 1.85% | 1.85% | ||||||||||||||||||||||||||
Convertible Debt [Member] | Placer Mining Corp [Member] | ||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 8,000,000 | |||||||||||||||||||||||||||
Debt Instrument, Periodic Payment | $ 2,000,000 |
Schedule of Amended Settlement
Schedule of Amended Settlement Environmental Protection Agency Agreement (Details) - Environmental Protection Agency Agreement [Member] | Sep. 30, 2022 USD ($) |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |
Within 30 days of Settlement Agreement | $ 2,000,000 |
November 1, 2024 | 3,000,000 |
November 1, 2025 | 3,000,000 |
November 1, 2026 | 3,000,000 |
November 1, 2027 | 3,000,000 |
November 1, 2028 | 3,000,000 |
November 1, 2029 | $ 2,000,000 |
Environmental Protection Agen_3
Environmental Protection Agency Agreement and Water Treatment Liabilities (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||
Jan. 07, 2022 | Oct. 09, 2020 | Apr. 30, 2022 | Sep. 30, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Sep. 30, 2021 | Dec. 31, 2020 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | Jun. 30, 2020 | Jan. 31, 2022 | |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||
Cost recovery liability payable | $ 19,000,000 | $ 19,000,000 | |||||||||||
Cost recovery | $ 2,000,000 | ||||||||||||
Product liability contingency description | the Company accounted for the $17,000,000 liabilities according to the previous payment schedule, resulting in $12,000,000 classified as a current liability and $5,000,000 as a long-term liability. The long-term portion was discounted at an interest rate of 16.5% to arrive at a net present value of $3,402,425 after discount. | ||||||||||||
Restricted cash current | 9,476,000 | 9,476,000 | |||||||||||
Gain on extinguishment of debt | $ 23,376 | $ (875,861) | $ (56,146) | (56,146) | $ (1,056,296) | ||||||||
EPA cost recovery liability - long-term | 7,420,024 | 7,420,024 | |||||||||||
Amortization expense | 347,614 | 631,701 | |||||||||||
Long term liability net of discount | 7,420,024 | 7,420,024 | |||||||||||
Interest payable | 192,923 | $ 306,501 | 192,923 | $ 306,501 | |||||||||
Water treatment payable current | 3,847,141 | $ 3,136,050 | 3,847,141 | 5,110,706 | |||||||||
Payment of water treament charges | $ 1,000,000 | ||||||||||||
Monthly accruals water treatment charges | $ 80,000 | ||||||||||||
Monthly costs water treatment charges | 140,000 | ||||||||||||
Accrued water treatment cost | 720,000 | ||||||||||||
Prepaid water treatment costs | 1,260,000 | ||||||||||||
Prepaid expense | $ 540,000 | ||||||||||||
Environmental Protection Agency [Member] | |||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||
Payments for environmental liabilities | 20,000,000 | ||||||||||||
Cost recovery liabilities not recogized | 8,000,000 | ||||||||||||
Environmental Protection Agency [Member] | Thirty Days After Agreement Signed [Member] | |||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||
Payments for environmental liabilities | 1,000,000 | ||||||||||||
Environmental Protection Agency [Member] | November 1, 2018 [Member] | |||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||
Payments for environmental liabilities | 2,000,000 | ||||||||||||
Environmental Protection Agency [Member] | Next Five Anniversaries [Member] | |||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||
Payments for environmental liabilities | 3,000,000 | ||||||||||||
Environmental Protection Agency [Member] | November 1, 2024 [Member] | |||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||
Payments for environmental liabilities | 2,000,000 | ||||||||||||
Environmental Protection Agency Agreement [Member] | |||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||
Cost recovery payable outstanding | 11,000,000 | ||||||||||||
EPA Settlement Agreement Amendment [Member] | |||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||
Payment bond | $ 9,999,000 | 17,000,000 | |||||||||||
Liability assumed | $ 19,000,000 | ||||||||||||
Letter of credit | 7,001,000 | ||||||||||||
Payment to amended settlement | 17,000,000 | ||||||||||||
Restricted cash current | 9,476,000 | 9,476,000 | |||||||||||
EPA Settlement Agreement Amendment [Member] | Payment Bond [Member] | |||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||
Cash deposits | 2,475,000 | ||||||||||||
EPA Settlement Agreement Amendment [Member] | Letter of Credit [Member] | |||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||
Cash deposits | $ 7,001,000 | ||||||||||||
E P A Settlement Agreement [Member] | |||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||
Liability assumed | 17,000,000 | 17,000,000 | |||||||||||
Discount on debt | 8,000,000 | 8,000,000 | |||||||||||
Debt Modifications And Extinguishments [Member] | |||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||
Payment to amended settlement | 17,000,000 | ||||||||||||
Gain on extinguishment of debt | 8,614,103 | ||||||||||||
Discount on debt | $ 9,927,590 | $ 9,927,590 | |||||||||||
Effective interest rate | 19.95% | 19.95% | |||||||||||
EPA cost recovery liability - long-term | $ 7,072,410 | $ 7,072,410 |
Schedule of Key Valuation Input
Schedule of Key Valuation Inputs (Details) | 9 Months Ended | ||||||
Sep. 30, 2022 $ / shares | Sep. 30, 2022 $ / shares | Dec. 31, 2021 $ / shares | Dec. 31, 2021 $ / shares | Jun. 30, 2020 $ / shares | Jun. 30, 2020 $ / shares | ||
Short-Term Debt [Line Items] | |||||||
Share price | (per share) | $ 0.34 | $ 0.32 | $ 0.40 | $ 0.42 | $ 0.56 | ||
C D Note One [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 0.219 | 0.219 | |||||
Valuation date | [1],[2],[3],[4],[5] | Jan. 28, 2022 | |||||
Maturity date | [1],[2],[3],[4],[5] | Jul. 07, 2023 | |||||
Share price | [1],[2],[3],[4],[5] | $ 0.230 | |||||
R C D Note One [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
Valuation date | [1],[2],[5] | Jan. 07, 2022 | |||||
Maturity date | [1],[2],[5] | Jul. 07, 2023 | |||||
Share price | [1],[2],[5] | $ 0.242 | |||||
R C D Note Two [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
Valuation date | [1],[2],[5] | Jan. 07, 2022 | |||||
Maturity date | [1],[2],[5] | Jun. 30, 2022 | |||||
Share price | [1],[2],[5] | $ 0.242 | |||||
C D Note Two [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 0.212 | 0.212 | |||||
Valuation date | [1],[2],[3],[4],[5] | Mar. 31, 2022 | |||||
Maturity date | [1],[2],[3],[4],[5] | Jul. 07, 2023 | |||||
Share price | [1],[2],[3],[4],[5] | $ 0.235 | |||||
R C D Note Three [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
Valuation date | [1],[2],[5] | Mar. 31, 2022 | |||||
Maturity date | [1],[2],[5] | Jul. 07, 2023 | |||||
Share price | [1],[2],[5] | $ 0.235 | |||||
R C D Note Four [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
Valuation date | [1],[2],[5] | Mar. 31, 2022 | |||||
Maturity date | [1],[2],[5] | Jun. 30, 2022 | |||||
Share price | [1],[2],[5] | $ 0.235 | |||||
C D Note Three [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
Valuation date | [1],[2],[5] | Jun. 17, 2022 | |||||
Maturity date | [1],[2],[5] | Mar. 31, 2025 | |||||
Share price | [1],[2],[5] | $ 0.222 | |||||
C D Note Four [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
Valuation date | [1],[2],[5] | Jun. 30, 2022 | |||||
Maturity date | [1],[2],[5] | Mar. 31, 2025 | |||||
Share price | [1],[2],[5] | $ 0.225 | |||||
C D Note Five [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
Valuation date | [1],[2],[5] | Jun. 30, 2022 | |||||
Maturity date | [1],[2],[5] | Mar. 31, 2025 | |||||
Share price | [1],[2],[5] | $ 0.233 | |||||
R C D Note Five [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
Valuation date | [1],[2],[5] | Jun. 30, 2022 | |||||
Maturity date | [1],[2],[5] | Mar. 31, 2025 | |||||
R C D Note Six [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
Valuation date | [1],[2],[5] | Jun. 30, 2022 | |||||
Maturity date | [1],[2],[5] | Sep. 30, 2022 | |||||
C D Note Six [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
Valuation date | [1],[2],[5] | Sep. 30, 2022 | |||||
Maturity date | [1],[2],[5] | Mar. 31, 2025 | |||||
Share price | [1],[2],[5] | $ 0.085 | |||||
R C D Note Seven [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
Valuation date | [1],[2],[5] | Sep. 30, 2022 | |||||
Maturity date | [1],[2],[5] | Mar. 31, 2025 | |||||
Share price | [1],[2],[5] | $ 0.085 | |||||
R C D Note Eight [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
Valuation date | [1],[2],[5] | Sep. 30, 2022 | |||||
Maturity date | [1],[2],[5] | Nov. 30, 2022 | |||||
Share price | [1],[2],[5] | $ 0.085 | |||||
C D Note Seven [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
Valuation date | [1],[2],[5] | Sep. 30, 2022 | |||||
Maturity date | [1],[2],[5] | Mar. 31, 2025 | |||||
Share price | [1],[2],[5] | $ 0.085 | |||||
Measurement Input Contractual Interest Rate [Member] | C D Note One [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | [3],[4] | 7.50 | 7.50 | ||||
Measurement Input Contractual Interest Rate [Member] | R C D Note One [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 9 | 9 | |||||
Measurement Input Contractual Interest Rate [Member] | R C D Note Two [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 9 | 9 | |||||
Measurement Input Contractual Interest Rate [Member] | C D Note Two [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | [3],[4] | 7.50 | 7.50 | ||||
Measurement Input Contractual Interest Rate [Member] | R C D Note Three [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 9 | 9 | |||||
Measurement Input Contractual Interest Rate [Member] | R C D Note Four [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 9 | 9 | |||||
Measurement Input Contractual Interest Rate [Member] | C D Note Three [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 10.50 | 10.50 | |||||
Measurement Input Contractual Interest Rate [Member] | C D Note Four [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 10.50 | 10.50 | |||||
Measurement Input Contractual Interest Rate [Member] | C D Note Five [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 7.50 | 7.50 | |||||
Measurement Input Contractual Interest Rate [Member] | R C D Note Five [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 9 | 9 | |||||
Measurement Input Contractual Interest Rate [Member] | R C D Note Six [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 9 | 9 | |||||
Measurement Input Contractual Interest Rate [Member] | C D Note Six [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 7.50 | 7.50 | |||||
Measurement Input Contractual Interest Rate [Member] | R C D Note Seven [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 9 | 9 | |||||
Measurement Input Contractual Interest Rate [Member] | R C D Note Eight [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 9 | 9 | |||||
Measurement Input Contractual Interest Rate [Member] | C D Note Seven [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 10.50 | 10.50 | |||||
Measurement Input, Option Volatility [Member] | C D Note One [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | [3],[4] | 120 | 120 | ||||
Measurement Input, Option Volatility [Member] | R C D Note One [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 130 | 130 | |||||
Measurement Input, Option Volatility [Member] | R C D Note Two [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 130 | 130 | |||||
Measurement Input, Option Volatility [Member] | C D Note Two [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | [3],[4] | 120 | 120 | ||||
Measurement Input, Option Volatility [Member] | R C D Note Three [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 120 | 120 | |||||
Measurement Input, Option Volatility [Member] | R C D Note Four [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 120 | 120 | |||||
Measurement Input, Option Volatility [Member] | C D Note Three [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 120 | 120 | |||||
Measurement Input, Option Volatility [Member] | C D Note Four [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 120 | 120 | |||||
Measurement Input, Option Volatility [Member] | C D Note Five [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 120 | 120 | |||||
Measurement Input, Option Volatility [Member] | R C D Note Five [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 120 | 120 | |||||
Measurement Input, Option Volatility [Member] | R C D Note Six [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 120 | 120 | |||||
Measurement Input, Option Volatility [Member] | C D Note Six [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 120 | 120 | |||||
Measurement Input, Option Volatility [Member] | R C D Note Seven [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 120 | 120 | |||||
Measurement Input, Option Volatility [Member] | R C D Note Eight [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 120 | 120 | |||||
Measurement Input, Option Volatility [Member] | C D Note Seven [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 120 | 120 | |||||
Measurement Input, Credit Spread [Member] | C D Note One [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | [3],[4] | 8.70 | 8.70 | ||||
Measurement Input, Credit Spread [Member] | R C D Note One [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 9.21 | 9.21 | |||||
Measurement Input, Credit Spread [Member] | R C D Note Two [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 9.16 | 9.16 | |||||
Measurement Input, Credit Spread [Member] | C D Note Two [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | [3],[4] | 8.85 | 8.85 | ||||
Measurement Input, Credit Spread [Member] | R C D Note Three [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 8.85 | 8.85 | |||||
Measurement Input, Credit Spread [Member] | R C D Note Four [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 8.78 | 8.78 | |||||
Measurement Input, Credit Spread [Member] | C D Note Three [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 9.45 | 9.45 | |||||
Measurement Input, Credit Spread [Member] | C D Note Four [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 10.71 | 10.71 | |||||
Measurement Input, Credit Spread [Member] | C D Note Five [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 10.71 | 10.71 | |||||
Measurement Input, Credit Spread [Member] | R C D Note Five [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 10.71 | 10.71 | |||||
Measurement Input, Credit Spread [Member] | R C D Note Six [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 10.85 | 10.85 | |||||
Measurement Input, Credit Spread [Member] | C D Note Six [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 13.31 | 13.31 | |||||
Measurement Input, Credit Spread [Member] | R C D Note Seven [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 13.31 | 13.31 | |||||
Measurement Input, Credit Spread [Member] | R C D Note Eight [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 13.85 | 13.85 | |||||
Measurement Input, Credit Spread [Member] | C D Note Seven [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 13.31 | 13.31 | |||||
Measurement Input, Risk Free Interest Rate [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 13 | 13 | |||||
Measurement Input, Risk Free Interest Rate [Member] | C D Note One [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | [3],[4] | 0.92 | 0.92 | ||||
Measurement Input, Risk Free Interest Rate [Member] | R C D Note One [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 0.65 | 0.65 | |||||
Measurement Input, Risk Free Interest Rate [Member] | R C D Note Two [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 0.23 | 0.23 | |||||
Measurement Input, Risk Free Interest Rate [Member] | C D Note Two [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | [3],[4] | 1.80 | 1.80 | ||||
Measurement Input, Risk Free Interest Rate [Member] | R C D Note Three [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 1.80 | 1.80 | |||||
Measurement Input, Risk Free Interest Rate [Member] | R C D Note Four [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 0.52 | 0.52 | |||||
Measurement Input, Risk Free Interest Rate [Member] | C D Note Three [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 3.28 | 3.28 | |||||
Measurement Input, Risk Free Interest Rate [Member] | C D Note Four [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 2.95 | 2.95 | |||||
Measurement Input, Risk Free Interest Rate [Member] | C D Note Five [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 2.95 | 2.95 | |||||
Measurement Input, Risk Free Interest Rate [Member] | R C D Note Five [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 2.95 | 2.95 | |||||
Measurement Input, Risk Free Interest Rate [Member] | R C D Note Six [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 1.72 | 1.72 | |||||
Measurement Input, Risk Free Interest Rate [Member] | C D Note Six [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 4.19 | 4.19 | |||||
Measurement Input, Risk Free Interest Rate [Member] | R C D Note Seven [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 4.19 | 4.19 | |||||
Measurement Input, Risk Free Interest Rate [Member] | R C D Note Eight [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 3.04 | 3.04 | |||||
Measurement Input, Risk Free Interest Rate [Member] | C D Note Seven [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 4.19 | 4.19 | |||||
Measurement Input Risk Adjusted Rate [Member] | C D Note One [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | [3],[4] | 16.18 | 16.18 | ||||
Measurement Input Risk Adjusted Rate [Member] | R C D Note One [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 16.39 | 16.39 | |||||
Measurement Input Risk Adjusted Rate [Member] | R C D Note Two [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 15.96 | 15.96 | |||||
Measurement Input Risk Adjusted Rate [Member] | C D Note Two [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | [3],[4] | 17.12 | 17.12 | ||||
Measurement Input Risk Adjusted Rate [Member] | R C D Note Three [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 17.12 | 17.12 | |||||
Measurement Input Risk Adjusted Rate [Member] | R C D Note Four [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 15.88 | 15.88 | |||||
Measurement Input Risk Adjusted Rate [Member] | C D Note Three [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 20.95 | 20.95 | |||||
Measurement Input Risk Adjusted Rate [Member] | C D Note Four [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 21.78 | 21.78 | |||||
Measurement Input Risk Adjusted Rate [Member] | C D Note Five [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 19.89 | 19.89 | |||||
Measurement Input Risk Adjusted Rate [Member] | R C D Note Five [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 19.89 | 19.89 | |||||
Measurement Input Risk Adjusted Rate [Member] | R C D Note Six [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 18.89 | 18.89 | |||||
Measurement Input Risk Adjusted Rate [Member] | C D Note Six [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 23.35 | 23.35 | |||||
Measurement Input Risk Adjusted Rate [Member] | R C D Note Seven [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 23.35 | 23.35 | |||||
Measurement Input Risk Adjusted Rate [Member] | R C D Note Eight [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 22.79 | 22.79 | |||||
Measurement Input Risk Adjusted Rate [Member] | C D Note Seven [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
CD2 note | 25.21 | 25.21 | |||||
[1]A project risk rate of 13.0 7.23 9.32 5.0 0.219 0.212 59 41 |
Schedule of Key Valuation Inp_2
Schedule of Key Valuation Inputs (Details) (Parenthetical) | Sep. 30, 2022 | |
Measurement Input Credit Spread One [Member] | ||
Short-Term Debt [Line Items] | ||
Dividend yield | 7.23 | |
Measurement Input Credit Spread Two [Member] | ||
Short-Term Debt [Line Items] | ||
Dividend yield | 9.32 | |
Measurement Input, Risk Free Interest Rate [Member] | ||
Short-Term Debt [Line Items] | ||
Dividend yield | 13 | |
Stream Being Advanced [Member] | ||
Short-Term Debt [Line Items] | ||
Dividend yield | 59 | |
Stream Not Being Advanced [Member] | ||
Short-Term Debt [Line Items] | ||
Dividend yield | 41 | |
C D Note [Member] | ||
Short-Term Debt [Line Items] | ||
Dividend yield | 5 | |
C D Note One [Member] | ||
Short-Term Debt [Line Items] | ||
Dividend yield | 0.219 | |
C D Note One [Member] | Measurement Input, Risk Free Interest Rate [Member] | ||
Short-Term Debt [Line Items] | ||
Dividend yield | 0.92 | [1],[2] |
C D Note Two [Member] | ||
Short-Term Debt [Line Items] | ||
Dividend yield | 0.212 | |
C D Note Two [Member] | Measurement Input, Risk Free Interest Rate [Member] | ||
Short-Term Debt [Line Items] | ||
Dividend yield | 1.80 | [1],[2] |
[1]The CD’s carries a Discount for Lack of Marketability (“DLOM”) of 5.0 0.219 0.212 |
Schedule of Fair Value Derivati
Schedule of Fair Value Derivative Liability (Details) - USD ($) | Sep. 30, 2022 | Jun. 30, 2022 | Jun. 17, 2022 | Mar. 31, 2022 | Jan. 07, 2022 | Dec. 20, 2021 |
Short-Term Debt [Line Items] | ||||||
Convertible debt | $ 66,000,000 | |||||
C D One Note [Member] | ||||||
Short-Term Debt [Line Items] | ||||||
Convertible debt | $ 6,320,807 | |||||
Total Fair Value | 4,892,435 | $ 5,633,253 | $ 6,303,567 | |||
R C D Note [Member] | ||||||
Short-Term Debt [Line Items] | ||||||
Convertible debt | 7,679,193 | $ 8,000,000 | $ 8,000,000 | |||
Total Fair Value | 7,359,776 | 7,078,596 | 7,886,743 | |||
C D Two Note [Member] | ||||||
Short-Term Debt [Line Items] | ||||||
Convertible debt | 15,000,000 | |||||
Total Fair Value | 12,710,097 | 14,176,578 | ||||
C D Note And R C D Note [Member] | ||||||
Short-Term Debt [Line Items] | ||||||
Convertible debt | 14,000,000 | |||||
Total Fair Value | 24,962,308 | $ 26,888,427 | $ 14,190,310 | |||
C D Note [Member] | ||||||
Short-Term Debt [Line Items] | ||||||
Convertible debt | $ 15,000,000 |
Schedule of Compensation Option
Schedule of Compensation Options (Details) - $ / shares | 6 Months Ended | 9 Months Ended | 12 Months Ended | ||||||
Dec. 31, 2020 | Sep. 30, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | |||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||||||
Issued - Compensation Options | 435,000 | [1],[2] | 300,000 | [3] | 1,037,977 | [4],[5] | 7,532,659 | [6],[7] | |
Weighted Average exercise price Issued - Compensation Options | $ 0.55 | [1],[2] | $ 0.15 | [3] | $ 0.34 | [4],[5] | $ 0.56 | [6],[7] | |
Number of stock options, Beginning balance | 7,580,159 | 9,053,136 | 8,015,159 | 287,100 | |||||
Weighted Average exercise price beginning balance | $ 0.62 | $ 0.58 | $ 0.62 | $ 7.50 | |||||
Number of stock options, Ending balance | 8,015,159 | 9,305,636 | 9,053,136 | 8,015,159 | 7,580,159 | ||||
Weighted Average exercise price ending balance | $ 0.62 | $ 0.52 | $ 0.58 | $ 0.62 | $ 0.62 | ||||
Compensation Options [Member] | |||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||||||
Issued - Compensation Options | 1,879,892 | 351,000 | 3,239,907 | ||||||
Weighted Average exercise price Issued - Compensation Options | $ 0.30 | $ 0.35 | $ 0.35 | ||||||
Number of stock options, Beginning balance | 3,590,907 | 3,239,907 | |||||||
Weighted Average exercise price beginning balance | $ 0.35 | $ 0.35 | |||||||
Number of stock options, Ending balance | 3,239,907 | 5,470,799 | 3,590,907 | 3,239,907 | |||||
Weighted Average exercise price ending balance | $ 0.35 | $ 0.34 | $ 0.35 | $ 0.35 | |||||
[1]On October 30, 2020, 235,000 0.50 December 31, 2022 46,277 46,277 200,000 0.60 50 50 3 52,909 32,651 20,259 nil 300,000 150,000 5 0.15 28,930 14,465 1,037,977 273,271 764,706 5 0.335 204,213 43,941 160,750 5,957,659 0.55 5 1,536,764 531,925 403,456 162,855 1,575,000 5 0.60 435,069 50,909 74,949 309,211 |
Schedule of Broker Exercise Pri
Schedule of Broker Exercise Prices (Details) - $ / shares | Sep. 30, 2022 | Dec. 31, 2021 | |||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||
Number of warrants exercisable | 162,129,064 | 111,412,712 | |||
Broker Options [Member] | |||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||
Number of broker options | 5,470,799 | 3,590,907 | |||
Number of warrants exercisable | 854,506 | 590,071 | |||
August 31, 2023 [Member] | |||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||
Expiry date | Aug. 31, 2023 | [1] | Aug. 31, 2023 | [2] | |
Warrant exercise price | $ 0.35 | [1] | $ 0.35 | [2] | |
Number of broker options | 3,239,907 | [1] | 3,239,907 | [2] | |
Number of warrants exercisable | 521,993 | [1] | 521,993 | [2] | |
February 16, 2024 [Member] | |||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||
Expiry date | Feb. 16, 2024 | [3] | Feb. 16, 2024 | [4] | |
Warrant exercise price | $ 0.40 | [3] | $ 0.40 | [4] | |
Number of broker options | 351,000 | [3] | 351,000 | [4] | |
Number of warrants exercisable | 68,078 | [3] | 68,078 | [4] | |
April One Two Thousand Twenty Four [Member] | |||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||
Expiry date | [5] | Apr. 01, 2024 | |||
Warrant exercise price | [5] | $ 0.30 | |||
Number of broker options | [5] | 1,879,892 | |||
Number of warrants exercisable | [5] | 264,435 | |||
[1]Exercisable into one August 2020 Unit[2]Exercisable into one August 2020 Unit[3]Exercisable into one February 2021 Unit[4]Exercisable into one February 2021 Unit[5]Exercisable into one April 2022 Unit |
Schedule of Estimated Using B_3
Schedule of Estimated Using Black-Scholes Valuation Model for Fair value of Stock Options (Details) (Parenthetical) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||
Aug. 24, 2022 USD ($) shares | Aug. 24, 2022 $ / shares | Sep. 30, 2022 USD ($) | Dec. 31, 2020 $ / shares | [1],[2] | Sep. 30, 2022 USD ($) | Sep. 30, 2022 $ / shares | [3] | Aug. 24, 2022 shares | Dec. 31, 2021 $ / shares | [4],[5] | Jun. 30, 2020 $ / shares | [6],[7] | |
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||||||||
Exercisable price per option | $ / shares | $ 0.55 | $ 0.15 | $ 0.34 | $ 0.56 | |||||||||
Employee [Member] | |||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||||||||
Stock option vested | 300,000 | ||||||||||||
Option term | 5 years | ||||||||||||
Exercisable price per option | $ / shares | $ 0.15 | ||||||||||||
Grant date fair value of options | $ | $ 28,930 | ||||||||||||
Share-Based Payment Arrangement, Expense | $ | $ 14,465 | $ 14,465 | |||||||||||
Employee [Member] | Vest Immediately [Member] | |||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||||||||
Stock option vested | 150,000 | ||||||||||||
Employee [Member] | Vest Equally Over Two Year Immediately [Member] | |||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||||||||
Stock option vested | 150,000 | ||||||||||||
[1]On October 30, 2020, 235,000 0.50 December 31, 2022 46,277 46,277 200,000 0.60 50 50 3 52,909 32,651 20,259 nil 300,000 150,000 5 0.15 28,930 14,465 1,037,977 273,271 764,706 5 0.335 204,213 43,941 160,750 5,957,659 0.55 5 1,536,764 531,925 403,456 162,855 1,575,000 5 0.60 435,069 50,909 74,949 309,211 |
Schedule of Actual Stock Option
Schedule of Actual Stock Options Issued and Outstanding (Details) | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2022 USD ($) $ / shares shares | Dec. 31, 2021 USD ($) $ / shares shares | Dec. 31, 2020 shares | Jun. 30, 2020 shares | Jun. 30, 2019 shares | |
Subsidiary, Sale of Stock [Line Items] | |||||
Number of stock options outstanding | 9,305,636 | 9,053,136 | 8,015,159 | 7,580,159 | 287,100 |
Number of options vested (exercisable) | 4,687,392 | 4,584,892 | |||
Grant date fair value | $ | $ 2,304,162 | $ 2,533,245 | |||
Stock Options One [Member] | |||||
Subsidiary, Sale of Stock [Line Items] | |||||
Exercise price | $ / shares | $ 0.50 | $ 10 | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 6 months | 0 years | |||
Number of stock options outstanding | 235,000 | 47,500 | |||
Number of options vested (exercisable) | 235,000 | 47,500 | |||
Grant date fair value | $ | $ 46,277 | $ 258,013 | |||
Stock Options Two [Member] | |||||
Subsidiary, Sale of Stock [Line Items] | |||||
Exercise price | $ / shares | $ 0.60 | $ 0.50 | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 1 year 3 months | 10 days | |||
Number of stock options outstanding | 200,000 | 235,000 | |||
Number of options vested (exercisable) | 200,000 | 235,000 | |||
Grant date fair value | $ | $ 52,909 | $ 46,277 | |||
Stock Options Three [Member] | |||||
Subsidiary, Sale of Stock [Line Items] | |||||
Exercise price | $ / shares | $ 0.60 | $ 0.60 | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 2 years 4 months 6 days | 14 days | |||
Number of stock options outstanding | 1,575,000 | 200,000 | |||
Number of options vested (exercisable) | 1,575,000 | 200,000 | |||
Grant date fair value | $ | $ 435,069 | $ 52,909 | |||
Stock Options Four [Member] | |||||
Subsidiary, Sale of Stock [Line Items] | |||||
Exercise price | $ / shares | $ 0.55 | $ 0.60 | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 2 years 9 months 21 days | 5 months 26 days | |||
Number of stock options outstanding | 5,957,659 | 1,575,000 | |||
Number of options vested (exercisable) | 1,489,415 | 1,575,000 | |||
Grant date fair value | $ | $ 1,536,764 | $ 435,069 | |||
Stock Options Five [Member] | |||||
Subsidiary, Sale of Stock [Line Items] | |||||
Exercise price | $ / shares | $ 0.335 | $ 0.55 | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 3 years 7 months 20 days | 2 years 2 months 1 day | |||
Number of stock options outstanding | 1,037,977 | 5,957,659 | |||
Number of options vested (exercisable) | 1,037,977 | 1,489,415 | |||
Grant date fair value | $ | $ 204,213 | $ 1,536,764 | |||
Stock Options Six [Member] | |||||
Subsidiary, Sale of Stock [Line Items] | |||||
Exercise price | $ / shares | $ 0.15 | $ 0.335 | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 4 years 10 months 24 days | 5 months 19 days | |||
Number of stock options outstanding | 300,000 | 1,037,977 | |||
Number of options vested (exercisable) | 150,000 | 1,037,977 | |||
Grant date fair value | $ | $ 28,930 | $ 204,213 |
Promissory Note Payable and C_3
Promissory Note Payable and Convertible Debentures (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||
Jun. 17, 2022 | Mar. 03, 2022 | Jan. 28, 2022 | Jan. 07, 2022 | Sep. 22, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | Jun. 30, 2022 | Dec. 31, 2020 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | Jun. 30, 2020 | Apr. 15, 2022 | Dec. 20, 2021 | |
Short-Term Debt [Line Items] | |||||||||||||||
Loan interest rate | 9% | ||||||||||||||
Promissory notes payable | $ 1,500,000 | $ 1,500,000 | $ 2,500,000 | ||||||||||||
Interest expense | 1,026,233 | $ 8,219 | 124,367 | 2,143,840 | $ 8,219 | 102,740 | $ 202,426 | ||||||||
Interest payable | 1,156,195 | $ 162,540 | 1,156,195 | $ 409,242 | |||||||||||
Project finance package convertible debenture | $ 50,000,000 | ||||||||||||||
Convertible debt | $ 66,000,000 | ||||||||||||||
Subsequently increased debt | 6,000,000 | ||||||||||||||
Project financing fee | 51,000,000 | ||||||||||||||
Debenture fair value other comprehensive income | 1,301,069 | $ 3,041,056 | |||||||||||||
Funding stream description | If the Company draws the maximum funding of $37,000,000, the Stream would apply to 10% of payable metals sold until a minimum quantity of metal is delivered consisting of, individually, 55 million pounds of zinc, 35 million pounds of lead, and 1 million ounces of silver (subsequently amended, as described below). Thereafter, the Stream would apply to 2% of payable metals sold. If the Company elects to draw less than $37,000,000 under the Stream, the percentage and quantities of payable metals streamed will adjust pro-rata. The delivery price of streamed metals will be 20% of the applicable spot price. | Assuming the maximum funding of $37,000,000 is drawn, the Stream would apply to 10% of payable metals sold until a minimum quantity of metal is delivered consisting of, individually, 55 million pounds of zinc, 35 million pounds of lead, and 1 million ounces of silver. Thereafter, the Stream would apply to 2% of payable metals sold. If the Company elects to draw less than $37,000,000 under the Stream, the percentage and quantities of payable metals streamed will adjust pro-rata. The delivery price of streamed metals will be 20% of the applicable spot price. | |||||||||||||
Minimum [Member] | |||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||
Debt amount available under stream | $ 27,000,000 | $ 27,000,000 | |||||||||||||
Maximum [Member] | |||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||
Debt amount available under stream | 37,000,000 | 37,000,000 | |||||||||||||
Other Comprehensive Income (Loss) [Member] | |||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||
Debenture fair value other comprehensive income | 625,050 | 996,636 | |||||||||||||
Convertible Debt [Member] | |||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||
Maturity date | Mar. 31, 2025 | ||||||||||||||
Principal amount | $ 15,000,000 | $ 6,000,000 | 5,000,000 | ||||||||||||
Maturity date, description | maturity date would be amended from July 7, 2023 to March 31, 2025 | ||||||||||||||
Increase in debt | $ 5,000,000 | $ 6,000,000 | |||||||||||||
Interest rate | 10.50% | 7.50% | 7.50% | ||||||||||||
Debt instrument convertible conversion price | $ 0.30 | $ 0.30 | |||||||||||||
Gain on convertible debt | 179,046 | ||||||||||||||
Convertible Debt [Member] | Three Quartely Payments Beginning June Thirty Two Thousand Twenty Four [Member] | |||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||
Periodic payment on maturity date | $ 2,000,000 | ||||||||||||||
Convertible Debt [Member] | Maturity Date [Member] | |||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||
Periodic payment on maturity date | 9,000,000 | ||||||||||||||
Multi Metal Stream [Member] | |||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||
Convertible debt | 37,000,000 | ||||||||||||||
Non Convertible Promissory Notes Payable [Member] | |||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||
NotesPayable | $ 2,500,000 | $ 500,000 | $ 500,000 | ||||||||||||
Loan interest rate | 15% | ||||||||||||||
Maturity date | Mar. 15, 2022 | ||||||||||||||
Purchased a land parcel | $ 202,000 | ||||||||||||||
Promissory notes payable | 1,500,000 | ||||||||||||||
Interest expense | 56,712 | $ 8,219 | 224,589 | $ 8,219 | $ 102,740 | ||||||||||
Interest payable | 327,329 | 327,329 | $ 102,740 | ||||||||||||
R C D Note [Member] | |||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||
Loan interest rate | 9% | ||||||||||||||
Convertible debt | $ 8,000,000 | $ 7,679,193 | $ 7,679,193 | 8,000,000 | |||||||||||
Principal amount | $ 8,000,000 | ||||||||||||||
Royalty percentage | 1.85% | ||||||||||||||
Maturity date, description | maturity date from July 7, 2023 to March 31, 2025. | ||||||||||||||
Convertible Debenture [Member] | |||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||
Convertible debt | $ 5,000,000 | ||||||||||||||
Convertible Debenture One [Member] | |||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||
Convertible debt | $ 15,000,000 | ||||||||||||||
Series 2 Convertible Debenture [Member] | |||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||
Indebtedness of debt | $ 15,000,000 | ||||||||||||||
C D Two Note Three [Member] | |||||||||||||||
Short-Term Debt [Line Items] | |||||||||||||||
Interest rate | 10% |
Schedule of Income Per Share (D
Schedule of Income Per Share (Details) - USD ($) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2020 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | Jun. 30, 2020 | |
Net loss per common share | |||||||
Net income (loss) and comprehensive income (loss) for the period | $ 4,315,403 | $ 3,960,630 | $ 13,860,884 | $ 9,843,495 | |||
Basic income (loss) per share Weighted average number of common shares - basic | 219,466,235 | 164,179,999 | 124,424,407 | 198,364,188 | 160,690,371 | 161,868,334 | 67,180,554 |
Net income (loss) per share – basic | $ 0.02 | $ 0.02 | $ (0.02) | $ 0.07 | $ 0.06 | $ (0.04) | $ (0.47) |
Dilutive effect of convertible debentures | (502,389) | (1,945,686) | |||||
Dilutive effect of warrants on net income | |||||||
Diluted net income (loss) and comprehensive income (loss) for the period | $ 3,813,014 | $ 3,960,630 | $ 11,915,198 | $ 9,843,495 | |||
Diluted income (loss) per share | $ 219,466,234 | $ 164,179,999 | $ 198,364,188 | $ 160,690,371 | |||
Warrants, broker options, and stock options, convertible debentures, and RSUs | 98,738,276 | 150,000 | 52,317,205 | 150,000 | |||
Weighted average number of common shares - fully diluted | 318,204,510 | 164,329,999 | 250,681,393 | 160,840,371 | |||
Net income (loss) per share - fully diluted | $ 0.01 | $ 0.02 | $ 0.05 | $ 0.06 |
Income per Share (Details Narra
Income per Share (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||||||||
Jun. 30, 2022 | Apr. 29, 2022 | Jan. 10, 2022 | Aug. 05, 2021 | Jul. 02, 2021 | Jan. 02, 2021 | Dec. 06, 2020 | Nov. 16, 2020 | Apr. 20, 2020 | Apr. 14, 2020 | Jul. 31, 2021 | Sep. 30, 2022 | Jun. 30, 2022 | Dec. 31, 2020 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | Jun. 30, 2020 | |||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | ||||||||||||||||||||||
Share based payment award, grants in period | 388,990 | [1],[2] | 624,750 | 1,348,434 | [3],[4] | 600,000 | [3],[4] | |||||||||||||||
Share based payment award, vested in period | 774,750 | 1,516,299 | [3],[4] | [3],[4] | ||||||||||||||||||
Share based payment award, forfeited in period | [3],[4] | 245,125 | ||||||||||||||||||||
Officer [Member] | ||||||||||||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | ||||||||||||||||||||||
Stock based compensation | $ 43,941 | $ 160,750 | $ 204,213 | |||||||||||||||||||
Officer [Member] | Restricted Stock Units (RSUs) [Member] | ||||||||||||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | ||||||||||||||||||||||
Share based payment award, grants in period | 400,000 | |||||||||||||||||||||
Stock based compensation | $ 55,135 | 30,380 | $ 57,495 | 71,829 | $ 23,073 | |||||||||||||||||
Director [Member] | Restricted Stock Units (RSUs) [Member] | ||||||||||||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | ||||||||||||||||||||||
Share based payment award, grants in period | 200,000 | |||||||||||||||||||||
Stock based compensation | 18,703 | 10,452 | 19,796 | 24,659 | 7,217 | |||||||||||||||||
Director One [Member] | Restricted Stock Units (RSUs) [Member] | ||||||||||||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | ||||||||||||||||||||||
Share based payment award, grants in period | 168,000 | |||||||||||||||||||||
Stock based compensation | 12,612 | 24,255 | ||||||||||||||||||||
Consultant [Member] | ||||||||||||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | ||||||||||||||||||||||
Stock based compensation | 20,259 | 32,651 | ||||||||||||||||||||
Consultant [Member] | Restricted Stock Units (RSUs) [Member] | ||||||||||||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | ||||||||||||||||||||||
Share based payment award, grants in period | 220,990 | |||||||||||||||||||||
Stock based compensation | $ 29,304 | 58,740 | 58,740 | |||||||||||||||||||
Consultant One [Member] | Restricted Stock Units (RSUs) [Member] | ||||||||||||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | ||||||||||||||||||||||
Share based payment award, grants in period | 735,383 | |||||||||||||||||||||
Stock based compensation | $ 64,870 | $ 64,870 | 265,101 | $ 199,542 | ||||||||||||||||||
Share based payment award, vested in period | 245,128 | 490,258 | ||||||||||||||||||||
Share based payment award, forfeited in period | 245,125 | |||||||||||||||||||||
Consultant Two [Member] | Restricted Stock Units (RSUs) [Member] | ||||||||||||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | ||||||||||||||||||||||
Share based payment award, grants in period | 17,823 | |||||||||||||||||||||
Stock based compensation | 4,026 | $ 4,026 | ||||||||||||||||||||
Consultant Three [Member] | Restricted Stock Units (RSUs) [Member] | ||||||||||||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | ||||||||||||||||||||||
Share based payment award, grants in period | 595,228 | |||||||||||||||||||||
Stock based compensation | $ 100,022 | $ 100,022 | ||||||||||||||||||||
Consultant Four [Member] | Restricted Stock Units (RSUs) [Member] | ||||||||||||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | ||||||||||||||||||||||
Share based payment award, grants in period | 500,000 | |||||||||||||||||||||
Stock based compensation | 122,249 | |||||||||||||||||||||
Consultant Five [Member] | Restricted Stock Units (RSUs) [Member] | ||||||||||||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | ||||||||||||||||||||||
Share based payment award, grants in period | 76,750 | |||||||||||||||||||||
Stock based compensation | 16,800 | |||||||||||||||||||||
Consultant Six [Member] | Restricted Stock Units (RSUs) [Member] | ||||||||||||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | ||||||||||||||||||||||
Share based payment award, grants in period | 15,000 | |||||||||||||||||||||
Stock based compensation | 2,328 | |||||||||||||||||||||
Consultant Seven [Member] | Restricted Stock Units (RSUs) [Member] | ||||||||||||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | ||||||||||||||||||||||
Share based payment award, grants in period | 33,000 | |||||||||||||||||||||
Stock based compensation | $ 2,889 | |||||||||||||||||||||
[1]On December 6, 2020, the Company granted 220,990 58,740 29,304 168,000 30,510 3,998 400,000 71,829 55,135 23,073 200,000 24,659 18,703 7,217 |