Scandium International Mining (SCYYF) 10-K 1 Mar 21 2020 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2020	Feb. 25, 2021	Jun. 30, 2020
Document and Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2020
Entity Registrant Name	SCANDIUM INTERNATIONAL MINING CORP.
Entity Central Index Key	0001408146
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		316,172,595
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well Known Seasoned Issuer	No
Entity Public Float			$ 14,493,219
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Interactive Data Current	Yes
Entity Incorporation, State or Country Code	A1
Entity File Number	000-54416

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Current
Cash	$ 170,284	$ 115,568
Prepaid expenses and receivables	42,430	45,763
Total current assets	212,714	161,331
Reclamation bond (Note 4)	11,444	11,444
Equipment (Note 3)	4,660	6,967
Mineral property interests (Note 4)	704,053	704,053
Total assets	932,871	883,795
Current
Accounts payable and accrued liabilities	451,932	269,059
Accounts payable with related parties (Note 5)	702,456	269,165
Total liabilities	1,154,388	538,224
Stockholders' Equity
Capital stock (Note 6) (Authorized: Unlimited number of common shares; Issued and outstanding: 314,032,595 (2019 – 312,482,595))	109,627,071	109,375,661
Treasury stock (Note 7) (1,033,333 common shares) (2019 – 1,033,333)	(1,264,194)	(1,264,194)
Additional paid in capital (Note 6)	6,505,416	5,936,074
Accumulated other comprehensive loss	(853,400)	(853,400)
Deficit	(114,236,410)	(112,848,570)
Total stockholders' equity	(221,517)	345,571
Total liabilities and equity	$ 932,871	$ 883,795

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Common stock, authorized	Unlimited	Unlimited
Common stock, issued	314,032,595	312,482,595
Common stock, outstanding	314,032,595	312,482,595
Treasury stock, shares	1,033,333	1,033,333

CONSOLIDATED STATEMENTS OF LOSS

CONSOLIDATED STATEMENTS OF LOSS AND COMPREHENSIVE LOSS - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
EXPENSES
Amortization (Note 3)	$ 2,307	$ 2,307
Consulting (Note 5)	129,553	388,730
Exploration	80,782	119,503
General and administrative	289,462	381,341
Insurance	33,298	31,457
Professional fees	53,795	63,818
Salaries and benefits	460,809	458,050
Stock-based compensation (Notes 5 & 6)	684,055	431,133
Travel and entertainment	5,180	71,868
Loss from operations	(1,739,241)	(1,948,207)
Foreign exchange gain (loss)	(31,029)	273
Sale of royalty (Note 11)	382,430	0
Loss and comprehensive loss for the year	$ (1,387,840)	$ (1,947,934)
Basic and diluted loss per common share	$ 0	$ (0.01)
Basic and diluted weighted average number of common shares outstanding	312,605,335	310,561,693

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
CASH FLOWS USED IN OPERATING ACTIVITIES
Loss for the year	$ (1,387,840)	$ (1,947,934)
Items not affecting cash:
Amortization	2,307	2,307
Stock-based compensation	684,055	431,133
Changes in non-cash working capital items:
Increase (decrease) in prepaids and receivables	3,333	(6,812)
Increase in accounts payable, accrued liabilities and accounts payable with related parties	616,164	391,638
Net cash used in operating activities	(81,981)	(1,129,668)
CASH FLOWS FROM FINANCING ACTIVITIES
Common shares issued	0	799,484
Options exercised for common shares	136,697	160,995
Net cash provided by financing activities	136,697	960,479
Change in cash during the year	54,716	(169,189)
Cash, beginning of year	115,568	284,757
Cash, end of year	$ 170,284	$ 115,568

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)	Capital Stock	Additional Paid in Capital	Treasury Stock	Accumulated Other Comprehensive Loss	Deficit	Total
Beginning balance, shares at Dec. 31, 2018	304,781,294
Beginning balance, amount at Dec. 31, 2018	$ 108,244,311	$ 5,675,812	$ (1,264,194)	$ (853,400)	$ (110,900,636)	$ 901,893
Private placement, shares	5,926,301
Private placement, amount	$ 799,484					799,484
Options exercised, shares	1,775,000
Options exercised, amount	$ 331,866	(170,871)				160,995
Stock-based compensation		431,133				431,133
Loss for the year					(1,947,934)	(1,947,934)
Ending balance, shares at Dec. 31, 2019	312,482,595
Ending balance, amount at Dec. 31, 2019	$ 109,375,661	5,936,074	(1,264,194)	(853,400)	(112,848,570)	345,571
Options exercised, shares	1,550,000
Options exercised, amount	$ 251,410	(114,713)				136,697
Stock-based compensation		684,055				684,055
Loss for the year					(1,387,840)	(1,387,840)
Ending balance, shares at Dec. 31, 2020	314,032,595
Ending balance, amount at Dec. 31, 2020	$ 109,627,071	$ 6,505,416	$ (1,264,194)	$ (853,400)	$ (144,236,410)	$ (221,517)

NATURE AND CONTINUANCE OF OPERA

NATURE AND CONTINUANCE OF OPERATIONS	12 Months Ended
	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE AND CONTINUANCE OF OPERATIONS	Scandium International Mining Corp. (the “Company”) is a specialty metals and alloys company focusing on scandium and other specialty metals. The Company was incorporated under the laws of the Province of British Columbia, Canada in 2006. The Company currently trades on the Toronto Stock Exchange under the symbol “SCY”. The Company’s focus is on the exploration and evaluation of its specialty metals assets, specifically the Nyngan scandium deposit located in New South Wales, Australia. The Company is an exploration stage company and anticipates incurring significant additional expenditures prior to production at any and all of its properties. These consolidated financial statements have been prepared on a going concern basis that contemplates the realization of assets and discharge of liabilities at their carrying values in the normal course of business for the foreseeable future. These financial statements do not reflect any adjustments that may be necessary if the Company is unable to continue as a going concern. The Company currently earns no operating revenues and will require additional capital in order to advance the Nyngan property. The Company’s ability to continue as a going concern is uncertain and is dependent upon the generation of profits from mineral properties, obtaining additional financing and maintaining continued support from its shareholders and creditors. These are material uncertainties that raise substantial doubt about the Company’s ability to continue as a going concern. In the event that additional financial support is not received, or operating profits are not generated, the carrying values of the Company’s assets may be adversely affected. In March 2020, the World Health Organization declared coronavirus COVID-19 a global pandemic. This contagious disease outbreak, which has continued to spread, and related adverse public health developments, have adversely affected workforces, economies, and financial markets globally, leading to an economic downturn. It is not possible for the Company to predict the duration or magnitude of the adverse results of the outbreak and its effects on the Company’s business or ability to raise funds.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	a) Basis of presentation These consolidated financial statements have been prepared in conformity with generally accepted accounting principles of the United States of America (“US GAAP”). These consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, EMC Metals USA Inc., Scandium International Mining Corp. Norway AS, SCY Exploration Finland Oy and EMC Metals Australia Pty Ltd.(“EMC-A”).” All significant intercompany accounts and transactions have been eliminated on consolidation. b) Use of estimates The preparation of consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the deferred income tax asset valuations, asset impairment, stock-based compensation and loss contingencies. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between estimates and the actual results, future results of operations will be affected. The Company considers itself to be an exploration stage company and will consider the transition to development stage after it receives funding to begin mine construction, and board approval. c) Equipment Equipment is recorded at cost less accumulated amortization, calculated as follows: Computer equipment 30% straight line d) Mineral interests and exploration and development costs The costs of acquiring mineral rights are capitalized at the date of acquisition. After acquisition, various factors can affect the recoverability of the capitalized costs. If, after review, management concludes that the carrying amount of a mineral interest is impaired, it will be written down to estimated fair value. Exploration costs incurred on mineral interests are expensed as incurred. Development costs incurred on proven and probable reserves will be capitalized. Upon commencement of production, capitalized costs will be amortized using the unit-of-production method over the estimated life of the ore body based on proven and probable reserves. e) Asset retirement obligations The Company records the fair value of an asset retirement obligation as a liability in the period in which it incurs a legal obligation associated with the retirement of tangible long-lived assets that result from the acquisition, construction, development, and/or normal use of the long-lived assets. The Company also records a corresponding asset which is amortized over the life of the asset. Subsequent to the initial measurement of the asset retirement obligation, the obligation is adjusted at the end of each period to reflect the passage of time (accretion expense) and changes in the estimated future cash flows underlying the obligation (asset retirement cost). f) Long-lived assets Long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. For purposes of evaluating the recoverability of long-lived assets, the recoverability test is performed using undiscounted net cash flows or fair value in use related to the long-lived assets. If such assets are considered to be impaired, the impairment recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. g) Income taxes The Company accounts for income taxes under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under the asset and liability method the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is recognized if it is more likely than not that some part or all of the deferred tax asset will not be recognized. h) Loss per share Basic loss per common share is computed using the weighted average number of common shares outstanding during the year. To calculate diluted loss per share, the Company uses the treasury stock method and the if converted method. As at December 31, 2020 and 2019 there were no warrants outstanding and 35,100,000 options (2019 – 34,610,000) outstanding which have not been included in the weighted average number of common shares outstanding as these were anti-dilutive. i) Foreign exchange The Company's and subsidiaries’ functional currency is the US Dollar (“USD”). Any monetary assets and liabilities that are in a currency other than the USD are translated at the rate prevailing at year end. Revenue and expenses in a foreign currency are translated at rates that approximate those in effect at the time of translation. Gains and losses from translation of foreign currency transactions into USD are included in current results of operations. Fixed assets and mineral properties have been translated at historical rates, the rate on the date of the transaction. j) Stock-based compensation The Company accounts for stock-based compensation under the provisions of Accounting Standard Codification (“ASC”) 718, “Compensation-Stock Compensation.” Under the fair value recognition provisions, stock-based compensation expense is measured at the grant date for all stock-based awards to employees, directors and non-employees and is recognized as an expense over the requisite service period, which is generally the vesting period. The Black-Scholes option valuation model is used to calculate fair value. k) Financial instruments The Company’s financial instruments consist of cash, receivables, accounts payable and accrued liabilities, and accounts payable with related parties. It is management's opinion that the Company is not exposed to significant interest, currency or credit risks arising from its financial instruments. The fair values of these financial instruments approximate their carrying values unless otherwise noted. The Company has its cash primarily in three commercial banks, one in Chicago, Illinois, United States of America, one in Vancouver, British Columbia, Canada and one in Melbourne, Victoria, Australia. l) Concentration of credit risk The financial instrument which potentially subjects the Company to concentration of credit risk is cash. The Company maintains cash in bank accounts that, at times, may exceed federally insured limits. As at December 31, 2020, the Company has not exceeded the federally insured limit. The Company has not experienced any losses in such amounts and believes it is not exposed to any significant risks on its cash in bank accounts. m) Fair value of financial assets and liabilities The Company measures the fair value of financial assets and liabilities based on US GAAP guidance which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. The Company classifies financial assets and liabilities as held-for-trading, available-for-sale, held-to-maturity, loans and receivables or other financial liabilities depending on their nature. Financial assets and financial liabilities are recognized at fair value on their initial recognition, except for those arising from certain related party transactions which are accounted for at the transferor’s carrying amount or exchange amount. Financial assets and liabilities classified as held-for-trading are measured at fair value, with gains and losses recognized in net income. Financial assets classified as held-to-maturity, loans and receivables, and financial liabilities other than those classified as held-for-trading are measured at amortized cost, using the effective interest method of amortization. Financial assets classified as available-for-sale are measured at fair value, with unrealized gains and losses being recognized as other comprehensive income until realized, or if an unrealized loss is considered other than temporary, the unrealized loss is recorded in income. Financial instruments, including receivables, accounts payable and accrued liabilities, and accounts payable with related parties are carried at amortized cost, which management believes approximates fair value due to the short-term nature of these instruments. The following table presents information about the assets that are measured at fair value on a recurring basis as at December 31, 2020 and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets. Fair values determined by Level 2 inputs utilize data points that are observable such as quoted prices, interest rates and yield curves. Fair values determined by Level 3 inputs are unobservable data points for the asset or liability, and include situations where there is little, if any, market activity for the asset: December 31,2020 Quoted Pricesin Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Cash $ 170,284 $ 170,284 $ — $ — Total $ 170,284 $ 170,284 $ — $ — The fair values of cash are determined through market, observable and corroborated sources. n) Recently Adopted and Recently Issued Accounting Standards Accounting Standards Update 2019-12 – Income Taxes (Topic 740) The Financial Accounting Standards Board (“Board”) is issuing this Update as part of its initiative to reduce complexity in accounting standards. This standard is effective for interim and annual reporting periods beginning after December 15, 2020, with early adoption permitted. The Company is currently evaluating the impact this guidance will have on its financial statements. Accounting Standards Update 2019-01 – Leases (Topic 842) Codification Improvements - Issue 3 Transition Disclosures Related to Topic 250, Accounting Changes and Error Corrections. The amendments in this Update clarify the Board’s original intent by explicitly providing an exception to the paragraph 250-10-50-3 interim disclosure requirements in the Topic 842 transition disclosure requirements. The effective date is for fiscal years beginning after December 15, 2020, and interim periods within fiscal years beginning after December 15, 2020. The Company has evaluated that this guidance will have little or no impact on its financial statements.

EQUIPMENT

EQUIPMENT	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
EQUIPMENT	2020 December 31, 2019 Net Book Value Additions (disposals) Amortization December 31, 2020 Net Book Value Computer equipment $ 6,967 $ - $ (2,307 ) $ 4,660 2019 December 31, 2018 Net Book Value Additions (disposals) Amortization December 31, 2019 Net Book Value Computer equipment $ 9,274 $ - $ (2,307 ) $ 6,967

MINERAL PROPERTY INTERESTS

MINERAL PROPERTY INTERESTS	12 Months Ended
	Dec. 31, 2020
Extractive Industries [Abstract]
MINERAL PROPERTY INTERESTS	Scandium and other Acquisition costs Balance, December 31, 2020, 2019, and 2018 $ 704,053 Title to mineral property interests involves certain inherent risks due to the difficulties of determining the validity of certain claims as well as the potential for problems arising from the frequently ambiguous conveyancing history characteristic of many mineral property interests. The Company has investigated title to all of its mineral property interests and, to the best of its knowledge, title to all of its properties is in good standing. SCANDIUM PROPERTIES Nyngan, New South Wales Property The Company holds a 100% interest in the Nyngan property in New South Wales, Australia (NSW). A definitive feasibility study was completed on the property in fiscal 2016. In April 2019, the Company received notice from the New South Wales Department of Planning and Environment (the “Department”) that, due to a procedural issue within the Department, the Company’s Mine Lease Grant (“ML 1763”) pertaining to the Nyngan Scandium Project, previously issued by the Department, is invalid. On September 10, 2020, the Company announced receipt of a Final Determination letter from the Deputy Secretary, Mining, Exploration and Geoscience resolving the outstanding objection filed by the landowner in 2016. This Final Determination will allow all measured and indicated resources included in the Nyngan Scandium Project Definitive Feasibility Study (“DFS”) to be reinstated in a Mining Lease grant. In May 2019, the Company filed a new mine lease application with the Department, related to the Nyngan Scandium Project to compensate for the procedural issue. On July 24, 2019, the Company announced that a new mine lease (“ML 1792”) had been granted. Royalties attached to the Nyngan property include a 0.7% royalty on gross mineral sales on the property, a 1.5% Net Profits Interest royalty to private parties involved with the early exploration on the property, and a 1.7% Net Smelter Returns royalty payable for 12 years after production commences. Another revenue royalty is payable to private interests of 0.2%, subject to a $370,000 cap. A NSW minerals royalty will also be levied on the project, subject to negotiation, currently 4% on revenue. Honeybugle property, Australia The Company holds a 100% interest in its Honeybugle property. Kiviniemi Scandium Property Finland In August 2018, the Company was granted an Exploration License for the Kiviniemi Scandium Property in central Finland from the Finnish regulatory body governing mineral exploration and mining in Finland. As of December 31, 2020, no funds have been capitalized for this property. During fiscal 2018, a reclamation bond of $11,444 (€10,000) was placed.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	During the year ended December 31, 2020, the Company expensed $542,772 for stock-based compensation for stock options issued to Company directors. During the year ended December 31, 2019, the Company expensed $314,104 for stock options issued to Company directors. During each of the years ended December 31, 2020 and December 31, 2019 the Company paid a consulting fee of $102,000 to one of its directors. As at December 31, 2020, the Company owed $702,456 (2019 - $269,165) to officers of the Company.

CAPITAL STOCK AND ADDITIONAL PA

CAPITAL STOCK AND ADDITIONAL PAID IN CAPITAL	12 Months Ended
	Dec. 31, 2020
Stockholders' Equity
CAPITAL STOCK AND ADDITIONAL PAID IN CAPITAL	On March 21, 2019, the Company issued 5,926,301 common shares at a value of C$0.18 per common share for total proceeds of C$1,066,734 ($799,484). Stock Options The Company established a stock option plan (the “Plan”) under which it is authorized to grant options to executive officers and directors, employees and consultants and the number of options granted under the Plan shall not exceed 15% of the shares outstanding. Under the Plan, the exercise period of the options may not exceed ten years from the date of grant and vesting is determined by the Board of Directors. Stock option transactions are summarized as follows: Stock Options Number Weighted average exercise price in Canadian $ Outstanding, December 31, 2018 29,065,000 $ 0.19 Granted 9,860,000 0.15 Exercised (1,775,000 ) 0.12 Expired (2,540,000 ) 0.16 Outstanding, December 31, 2019 34,610,000 0.19 Granted 14,425,000 0.10 Exercised (1,550,000 ) 0.12 Expired (12,385,000 ) 0.14 Outstanding, December 31, 2020 35,100,000 $ 0.17 Number currently exercisable 35,100,000 $ 0.17 As at December 31, 2020, incentive stock options were outstanding as follows: Number of Options (outstanding) Number of Options (exercisable) Exercise Price in Canadian $ Expiry Date Options 4,100,000 4,100,000 * 0.130 February 8, 2021 400,000 400,000 0.370 August 19, 2021 400,000 400,000 0.225 August 19, 2021 400,000 400,000 0.150 August 19, 2021 400,000 400,000 0.065 August 19, 2021 4,400,000 4,400,000 0.370 February 21, 2022 250,000 250,000 0.300 October 6, 2022 5,700,000 5,700,000 0.225 January 19, 2023 350,000 350,000 0.185 August 30, 2023 4,625,000 4,625,000 0.150 May 9, 2024 50,000 50,000 0.130 June 24, 2024 8,025,000 8,025,000 ** 0.065 March 19, 2025 100,000 100,000 0.075 May 22, 2025 5,900,000 5,900,000 0.140 November 13, 2025 35,100,000 35,100,000 *2,065,000 of these options were exercised subsequent to December 31, 2020. 2,035,000 expired unexercised. ** 75,000 of these options were exercised subsequent to December 31, 2020. As at December 31, 2020 the Company’s outstanding and exercisable stock options have an aggregate intrinsic value of $1,891,329 (2019 - $Nil). Stock-based compensation During the year ended December 31, 2020, the Company recognized stock-based compensation of $684,055 (December 31, 2019 - $431,133) in the statement of loss and comprehensive loss. There were 14,425,000 stock options granted during the year ended December 31, 2020 (December 31, 2019 – 9,860,000). The weighted average fair value of the options granted in the year was C$0.10 (2019 - C$0.15). The fair value of all compensatory options granted is estimated on grant date using the Black-Scholes option pricing model. The weighted average assumptions used in calculating the fair values of stock options granted in the year ended December 31,2020 are as follows: 2020 2019 Risk-free interest rate 2.31 % 2.31 % Expected life 5 years 5 years Volatility 90.40 % 90.40 % Forfeiture rate 0.00 % 0.00 % Dividend rate 0.00 % 0.00 %

TREASURY STOCK

TREASURY STOCK	12 Months Ended
	Dec. 31, 2020
Treasury Stock, Shares [Abstract]
TREASURY STOCK	Number Amount Treasury shares, December 31, 2020, 2019, and 2018 $ 1,033,333 1,264,194 Treasury shares comprise shares of the Company which cannot be sold without the prior approval of the TSX.

SEGMENTED INFORMATION

SEGMENTED INFORMATION	12 Months Ended
	Dec. 31, 2020
Segment Reporting [Abstract]
SEGMENTED INFORMATION	The Company’s mineral properties are located in Australia. The Company’s capital assets’ geographic information is as follows: December 31, 2020 Australia United States Total Equipment $ - $ 4,660 $ 4,660 Mineral property interests 704,053 - 704,053 $ 704,053 $ 4,660 $ 708,713 December 31, 2019 Australia United States Total Equipment $ - $ 6,967 $ 6,967 Mineral property interests 704,053 - 704,053 $ 704,053 $ 6,967 $ 711,020

INCOME TAX

INCOME TAX	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
INCOME TAX	A reconciliation of income taxes at statutory rates with the reported taxes is as follows: 2020 2019 Loss before income taxes $ (1,387,840 ) $ (1,947,934 ) Expected income tax (recovery) (361,000 ) (506,000 ) Change in statutory, foreign exchange rates, and other 120,000 (3,000 ) Permanent difference 182,000 112,000 Impact of foreign exchange (190,000 ) 263,000 Adjustment to prior years provision versus statutory tax returns (293,000 ) (3,278,000 ) Change in unrecognized deductible temporary differences 542,000 3,412,000 Total Income tax expense (recovery) $ - $ - The significant components of the Company’s deferred tax assets that have not been included on the consolidated statement of financial position are as follows: 2020 2019 Deferred Tax Assets (Liabilities) Exploration and evaluation assets $ 1,803,000 $ 1,715,000 Property and equipment 104,000 65,000 Share issue costs - - Marketable securities 19,000 19,000 Allowable capital losses 1,845,000 1,845,000 Non-capital losses available for future periods 6,450,000 6,075,000 10,261,000 9,719,000 Unrecognized deferred tax assets (10,261,000 ) (9,719,000 ) Net deferred tax assets $ - $ - The significant components of the Company’s temporary differences, unused tax credits and unused tax losses that have not been included on the consolidated statement of financial position are as follows: 2020 Expiry Date Range 2019 Expiry Date Range Temporary Differences Exploration and evaluation assets $ 6,937,000 No expiry date $ 6,551,000 No expiry date Property and equipment 400,000 No expiry date 251,000 No expiry date Marketable securities 145,000 No expiry date 145,000 No expiry date Allowable capital losses 7,250,000 No expiry date 7,097,000 No expiry date Non-capital losses available for future periods 24,807,000 2020 to 2040 22,965,000 2019 to 2039

SUPPLEMENTAL DISCLOSURE WITH RE

SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS	12 Months Ended
	Dec. 31, 2020
Supplemental Cash Flow Information [Abstract]
SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS	There were no major non-cash transactions in the year ended December 31, 2020 and 2019. There were no amounts paid for taxes and interest in the years ended December 31, 2020 and December 31, 2019.

SALE OF ROYALTY

SALE OF ROYALTY	12 Months Ended
	Dec. 31, 2020
Sale Of Royalty
SALE OF ROYALTY	On January 16, 2020, the Company received net proceeds of $382,430 (C$500,000) from completion of a royalty buyback agreement. The Company’s royalty interest was related to the Windfall Lake gold property in Quebec, Canada, and was carried at zero value on the balance sheet.

SUBSEQUENT EVENT

SUBSEQUENT EVENT	12 Months Ended
	Dec. 31, 2020
Subsequent Events [Abstract]
SUBSEQUENT EVENT	Subsequent to year-end 2,065,000 options were exercised at C$0.13 for proceeds of C$268,450 (US$211,334). Also 75,000 options were exercised at C$0.065 for proceeds of C$4,875 (US$3,861).

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Basis of presentation	These consolidated financial statements have been prepared in conformity with generally accepted accounting principles of the United States of America (“US GAAP”). These consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, EMC Metals USA Inc., Scandium International Mining Corp. Norway AS, SCY Exploration Finland Oy and EMC Metals Australia Pty Ltd.(“EMC-A”).” All significant intercompany accounts and transactions have been eliminated on consolidation.
Use of estimates	The preparation of consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the deferred income tax asset valuations, asset impairment, stock-based compensation and loss contingencies. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between estimates and the actual results, future results of operations will be affected. The Company considers itself to be an exploration stage company and will consider the transition to development stage after it receives funding to begin mine construction, and board approval.
Equipment	Equipment is recorded at cost less accumulated amortization, calculated as follows: Computer equipment 30% straight line
Mineral interests and exploration and development costs	The costs of acquiring mineral rights are capitalized at the date of acquisition. After acquisition, various factors can affect the recoverability of the capitalized costs. If, after review, management concludes that the carrying amount of a mineral interest is impaired, it will be written down to estimated fair value. Exploration costs incurred on mineral interests are expensed as incurred. Development costs incurred on proven and probable reserves will be capitalized. Upon commencement of production, capitalized costs will be amortized using the unit-of-production method over the estimated life of the ore body based on proven and probable reserves.
Asset retirement obligations	The Company records the fair value of an asset retirement obligation as a liability in the period in which it incurs a legal obligation associated with the retirement of tangible long-lived assets that result from the acquisition, construction, development, and/or normal use of the long-lived assets. The Company also records a corresponding asset which is amortized over the life of the asset. Subsequent to the initial measurement of the asset retirement obligation, the obligation is adjusted at the end of each period to reflect the passage of time (accretion expense) and changes in the estimated future cash flows underlying the obligation (asset retirement cost).
Long-lived assets	Long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. For purposes of evaluating the recoverability of long-lived assets, the recoverability test is performed using undiscounted net cash flows or fair value in use related to the long-lived assets. If such assets are considered to be impaired, the impairment recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell.
Income taxes	The Company accounts for income taxes under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under the asset and liability method the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is recognized if it is more likely than not that some part or all of the deferred tax asset will not be recognized.
Loss per share	Basic loss per common share is computed using the weighted average number of common shares outstanding during the year. To calculate diluted loss per share, the Company uses the treasury stock method and the if converted method. As at December 31, 2020 and 2019 there were no warrants outstanding and 35,100,000 options (2019 – 34,610,000) outstanding which have not been included in the weighted average number of common shares outstanding as these were anti-dilutive.
Foreign exchange	The Company's and subsidiaries’ functional currency is the US Dollar (“USD”). Any monetary assets and liabilities that are in a currency other than the USD are translated at the rate prevailing at year end. Revenue and expenses in a foreign currency are translated at rates that approximate those in effect at the time of translation. Gains and losses from translation of foreign currency transactions into USD are included in current results of operations. Fixed assets and mineral properties have been translated at historical rates, the rate on the date of the transaction.
Stock-based compensation	The Company accounts for stock-based compensation under the provisions of Accounting Standard Codification (“ASC”) 718, “Compensation-Stock Compensation.” Under the fair value recognition provisions, stock-based compensation expense is measured at the grant date for all stock-based awards to employees, directors and non-employees and is recognized as an expense over the requisite service period, which is generally the vesting period. The Black-Scholes option valuation model is used to calculate fair value.
Financial instruments	The Company’s financial instruments consist of cash, receivables, accounts payable and accrued liabilities, and accounts payable with related parties. It is management's opinion that the Company is not exposed to significant interest, currency or credit risks arising from its financial instruments. The fair values of these financial instruments approximate their carrying values unless otherwise noted. The Company has its cash primarily in three commercial banks, one in Chicago, Illinois, United States of America, one in Vancouver, British Columbia, Canada and one in Melbourne, Victoria, Australia.
Concentration of credit risk	The financial instrument which potentially subjects the Company to concentration of credit risk is cash. The Company maintains cash in bank accounts that, at times, may exceed federally insured limits. As at December 31, 2020, the Company has not exceeded the federally insured limit. The Company has not experienced any losses in such amounts and believes it is not exposed to any significant risks on its cash in bank accounts.
Fair value of financial assets and liabilities	The Company measures the fair value of financial assets and liabilities based on US GAAP guidance which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. The Company classifies financial assets and liabilities as held-for-trading, available-for-sale, held-to-maturity, loans and receivables or other financial liabilities depending on their nature. Financial assets and financial liabilities are recognized at fair value on their initial recognition, except for those arising from certain related party transactions which are accounted for at the transferor’s carrying amount or exchange amount. Financial assets and liabilities classified as held-for-trading are measured at fair value, with gains and losses recognized in net income. Financial assets classified as held-to-maturity, loans and receivables, and financial liabilities other than those classified as held-for-trading are measured at amortized cost, using the effective interest method of amortization. Financial assets classified as available-for-sale are measured at fair value, with unrealized gains and losses being recognized as other comprehensive income until realized, or if an unrealized loss is considered other than temporary, the unrealized loss is recorded in income. Financial instruments, including receivables, accounts payable and accrued liabilities, and accounts payable with related parties are carried at amortized cost, which management believes approximates fair value due to the short-term nature of these instruments. The following table presents information about the assets that are measured at fair value on a recurring basis as at December 31, 2020 and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets. Fair values determined by Level 2 inputs utilize data points that are observable such as quoted prices, interest rates and yield curves. Fair values determined by Level 3 inputs are unobservable data points for the asset or liability, and include situations where there is little, if any, market activity for the asset: December 31,2020 Quoted Pricesin Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Cash $ 170,284 $ 170,284 $ — $ — Total $ 170,284 $ 170,284 $ — $ — The fair values of cash are determined through market, observable and corroborated sources.
Recently adopted and recently issued accounting standards	Accounting Standards Update 2019-12 – Income Taxes (Topic 740) The Financial Accounting Standards Board (“Board”) is issuing this Update as part of its initiative to reduce complexity in accounting standards. This standard is effective for interim and annual reporting periods beginning after December 15, 2020, with early adoption permitted. The Company is currently evaluating the impact this guidance will have on its financial statements. Accounting Standards Update 2019-01 – Leases (Topic 842) Codification Improvements - Issue 3 Transition Disclosures Related to Topic 250, Accounting Changes and Error Corrections. The amendments in this Update clarify the Board’s original intent by explicitly providing an exception to the paragraph 250-10-50-3 interim disclosure requirements in the Topic 842 transition disclosure requirements. The effective date is for fiscal years beginning after December 15, 2020, and interim periods within fiscal years beginning after December 15, 2020. The Company has evaluated that this guidance will have little or no impact on its financial statements.

SIGNIFICANT ACCOUNTING POLICI_3

SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Schedule of amortization rate	Computer equipment 30% straight line
Schedule of fair value, by balance sheet grouping	December 31,2020 Quoted Pricesin Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Cash $ 170,284 $ 170,284 $ — $ — Total $ 170,284 $ 170,284 $ — $ —

EQUIPMENT (Tables)

EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Schedule of property, plant and equipment	2020 December 31, 2019 Net Book Value Additions (disposals) Amortization December 31, 2020 Net Book Value Computer equipment $ 6,967 $ - $ (2,307 ) $ 4,660 2019 December 31, 2018 Net Book Value Additions (disposals) Amortization December 31, 2019 Net Book Value Computer equipment $ 9,274 $ - $ (2,307 ) $ 6,967

MINERAL PROPERTY INTERESTS (Tab

MINERAL PROPERTY INTERESTS (Tables)	12 Months Ended
	Dec. 31, 2020
Extractive Industries [Abstract]
Schedule of mineral interests	Scandium and other Acquisition costs Balance, December 31, 2020, 2019, and 2018 $ 704,053

CAPITAL STOCK AND ADDITIONAL _2

CAPITAL STOCK AND ADDITIONAL PAID IN CAPITAL (Tables)	12 Months Ended
	Dec. 31, 2020
Stockholders' Equity
Schedule of stock options activity	Stock Options Number Weighted average exercise price in Canadian $ Outstanding, December 31, 2018 29,065,000 $ 0.19 Granted 9,860,000 0.15 Exercised (1,775,000 ) 0.12 Expired (2,540,000 ) 0.16 Outstanding, December 31, 2019 34,610,000 0.19 Granted 14,425,000 0.10 Exercised (1,550,000 ) 0.12 Expired (12,385,000 ) 0.14 Outstanding, December 31, 2020 35,100,000 $ 0.17 Number currently exercisable 35,100,000 $ 0.17
Schedule of stock options outstanding	Number of Options (outstanding) Number of Options (exercisable) Exercise Price in Canadian $ Expiry Date Options 4,100,000 4,100,000 * 0.130 February 8, 2021 400,000 400,000 0.370 August 19, 2021 400,000 400,000 0.225 August 19, 2021 400,000 400,000 0.150 August 19, 2021 400,000 400,000 0.065 August 19, 2021 4,400,000 4,400,000 0.370 February 21, 2022 250,000 250,000 0.300 October 6, 2022 5,700,000 5,700,000 0.225 January 19, 2023 350,000 350,000 0.185 August 30, 2023 4,625,000 4,625,000 0.150 May 9, 2024 50,000 50,000 0.130 June 24, 2024 8,025,000 8,025,000 ** 0.065 March 19, 2025 100,000 100,000 0.075 May 22, 2025 5,900,000 5,900,000 0.140 November 13, 2025 35,100,000 35,100,000 *2,065,000 of these options were exercised subsequent to December 31, 2020. 2,035,000 expired unexercised. ** 75,000 of these options were exercised subsequent to December 31, 2020.
Schedule of weighted average assumptions for fair values	2020 2019 Risk-free interest rate 2.31 % 2.31 % Expected life 5 years 5 years Volatility 90.40 % 90.40 % Forfeiture rate 0.00 % 0.00 % Dividend rate 0.00 % 0.00 %

TREASURY STOCK (Tables)

TREASURY STOCK (Tables)	12 Months Ended
	Dec. 31, 2020
Treasury Stock, Shares [Abstract]
Schedule of treasury stock	Number Amount Treasury shares, December 31, 2020, 2019, and 2018 $ 1,033,333 1,264,194

SEGMENTED INFORMATION (Tables)

SEGMENTED INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2020
Segment Reporting [Abstract]
Schedule of segmented information	December 31, 2020 Australia United States Total Equipment $ - $ 4,660 $ 4,660 Mineral property interests 704,053 - 704,053 $ 704,053 $ 4,660 $ 708,713 December 31, 2019 Australia United States Total Equipment $ - $ 6,967 $ 6,967 Mineral property interests 704,053 - 704,053 $ 704,053 $ 6,967 $ 711,020

INCOME TAX (Tables)

INCOME TAX (Tables)	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
A reconciliation of income taxes at statutory rates	2020 2019 Loss before income taxes $ (1,387,840 ) $ (1,947,934 ) Expected income tax (recovery) (361,000 ) (506,000 ) Change in statutory, foreign exchange rates, and other 120,000 (3,000 ) Permanent difference 182,000 112,000 Impact of foreign exchange (190,000 ) 263,000 Adjustment to prior years provision versus statutory tax returns (293,000 ) (3,278,000 ) Change in unrecognized deductible temporary differences 542,000 3,412,000 Total Income tax expense (recovery) $ - $ -
Deferred tax assets	2020 2019 Deferred Tax Assets (Liabilities) Exploration and evaluation assets $ 1,803,000 $ 1,715,000 Property and equipment 104,000 65,000 Share issue costs - - Marketable securities 19,000 19,000 Allowable capital losses 1,845,000 1,845,000 Non-capital losses available for future periods 6,450,000 6,075,000 10,261,000 9,719,000 Unrecognized deferred tax assets (10,261,000 ) (9,719,000 ) Net deferred tax assets $ - $ -
Unused tax credits and unused tax losses	2020 Expiry Date Range 2019 Expiry Date Range Temporary Differences Exploration and evaluation assets $ 6,937,000 No expiry date $ 6,551,000 No expiry date Property and equipment 400,000 No expiry date 251,000 No expiry date Marketable securities 145,000 No expiry date 145,000 No expiry date Allowable capital losses 7,250,000 No expiry date 7,097,000 No expiry date Non-capital losses available for future periods 24,807,000 2020 to 2040 22,965,000 2019 to 2039

SIGNIFICANT ACCOUNTING POLICI_4

SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Computer equipment	30% straight line

SIGNIFICANT ACCOUNTING POLICI_5

SIGNIFICANT ACCOUNTING POLICIES (Details 1) - USD ($)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash	$ 170,284	$ 115,568	$ 284,757
Assets	170,284
Level 1
Cash	170,284
Assets	170,284
Level 2
Cash	0
Assets	0
Level 3
Cash	0
Assets	$ 0

SIGNIFICANT ACCOUNTING POLICI_6

SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Anti-dilutive securities	35,100,000	34,610,000

EQUIPMENT (Details)

EQUIPMENT (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Computer equipment, net book value, beginning	$ 6,967	$ 9,274
Additions (disposals)	0	0
Amortization	(2,307)	(2,307)
Computer equipment, net book value, ending	$ 4,660	$ 6,967

MINERAL PROPERTY INTERESTS (Det

MINERAL PROPERTY INTERESTS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Extractive Industries [Abstract]
Acquisition costs	$ 704,053	$ 704,053	$ 704,053

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Related Party Transactions [Abstract]
Option expense	$ 542,772	$ 314,104
Consulting fees	102,000	102,000
Due to officers	$ 702,456	$ 269,165

CAPITAL STOCK AND ADDITIONAL _3

CAPITAL STOCK AND ADDITIONAL PAID IN CAPITAL (Details) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Stockholders' Equity
Number of stock options outstanding, beginning	34,610,000	29,065,000
Number of stock options granted	14,425,000	9,860,000
Number of stock options exercised	(1,550,000)	(1,775,000)
Number of stock options expired	(12,385,000)	(2,540,000)
Number of stock options outstanding, ending	35,100,000	34,610,000
Number of stock options exercisable	35,100,000	29,650,000
Weighted average exercise price of stock options outstanding, beginning	$ .19	$ 0.19
Weighted average exercise price of stock options granted	.10	0.15
Weighted average exercise price of stock options exercised	.12	0.12
Weighted average exercise price of stock options expired	.14	0.16
Weighted average exercise price of stock options outstanding, ending	.17	.19
Weighted average exercise price of stock options exercisable	$ 0.17	$ 0.194

CAPITAL STOCK AND ADDITIONAL _4

CAPITAL STOCK AND ADDITIONAL PAID IN CAPITAL (Details 1) - $ / shares		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Number of options outstanding		35,100,000	34,610,000	29,065,000
Number of options exercisable		35,100,000	29,650,000
Exercise price		$ .17	$ .19	$ 0.19
Option 1
Number of options outstanding		4,100,000
Number of options exercisable	[1]	4,100,000
Exercise price		$ .13
Option 2
Number of options outstanding		400,000
Number of options exercisable		400,000
Exercise price		$ .37
Option 3
Number of options outstanding		400,000
Number of options exercisable		400,000
Exercise price		$ .225
Option 4
Number of options outstanding		400,000
Number of options exercisable		400,000
Exercise price		$ .15
Option 5
Number of options outstanding		400,000
Number of options exercisable		400,000
Exercise price		$ .065
Option 6
Number of options outstanding		4,400,000
Number of options exercisable		4,400,000
Exercise price		$ .37
Option 7
Number of options outstanding		250,000
Number of options exercisable		250,000
Exercise price		$ .30
Option 8
Number of options outstanding		5,700,000
Number of options exercisable		5,700,000
Exercise price		$ .225
Option 9
Number of options outstanding		350,000
Number of options exercisable		350,000
Exercise price		$ .185
Option 10
Number of options outstanding		4,625,000
Number of options exercisable		4,625,000
Exercise price		$ .15
Option 11
Number of options outstanding		50,000
Number of options exercisable		50,000
Exercise price		$ .13
Option 12
Number of options outstanding		8,025,000
Number of options exercisable	[2]	8,025,000
Exercise price		$ .065
Option 13
Number of options outstanding		100,000
Number of options exercisable		100,000
Exercise price		$ .075
Option 14
Number of options outstanding		5,900,000
Number of options exercisable		5,900,000
Exercise price		$ .14
[1]	2,065,000 of these options were exercised subsequent to December 31, 2020. 2,035,000 expired unexercised.
[2]	75,000 of these options were exercised subsequent to December 31, 2020.

CAPITAL STOCK AND ADDITIONAL _5

CAPITAL STOCK AND ADDITIONAL PAID IN CAPITAL (Details 2)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Stockholders' Equity
Risk-free interest rate	2.31%	2.31%
Expected life	5 years	5 years
Volatility	90.40%	90.40%
Forfeiture rate	0.00%	0.00%
Dividend rate	0.00%	0.00%

CAPITAL STOCK AND ADDITIONAL _6

CAPITAL STOCK AND ADDITIONAL PAID IN CAPITAL (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Stockholders' Equity
Aggregate intrinsic value of outstanding and exercisable stock options	$ 1,891,329	$ 0
Stock-based compensation	$ 684,055	$ 431,133
Stock options granted	14,425,000	9,860,000
Weighted average fair value of stock options granted	$ .10	$ 0.15

TREASURY STOCK (Details)

TREASURY STOCK (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Treasury Stock, Shares [Abstract]
Treasury shares	1,033,333	1,033,333	1,033,333
Treasury shares, amount	$ 1,264,194	$ 1,264,194	$ 1,264,194

SEGMENTED INFORMATION (Details)

SEGMENTED INFORMATION (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Equipment	$ 4,660	$ 6,967	$ 9,274
Mineral property interests	704,053	704,053
Capital assets	708,713	711,020
Australia
Equipment	0	0
Mineral property interests	704,053	704,053
Capital assets	704,053	704,053
United States
Equipment	4,660	6,967
Mineral property interests	0	0
Capital assets	$ 4,660	$ 6,967

INCOME TAX (Details)

INCOME TAX (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Loss before income taxes	$ (1,387,840)	$ (1,947,934)
Expected income tax (recovery)	(361,000)	(506,000)
Change in statutory, foreign exchange rates, and other	120,000	(3,000)
Permanent difference	182,000	112,000
Impact of foreign exchange	(190,000)	263,000
Adjustment to prior years provision versus statutory tax returns	(293,000)	(3,278,000)
Change in unrecognized deductible temporary differences	542,000	3,412,000
Total income tax expense (recovery)	$ 0	$ 0

INCOME TAX (Details 1)

INCOME TAX (Details 1) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Exploration and evaluation assets	$ 1,803,000	$ 1,715,000
Property and equipment	104,000	65,000
Share issue costs	0	0
Marketable securities	19,000	19,000
Allowable capital losses	1,845,000	1,845,000
Non-capital losses available for future periods	6,450,000	6,075,000
Gross deferred tax assets	10,261,000	9,719,000
Unrecognized deferred tax assets	(10,261,000)	(9,719,000)
Net deferred tax assets	$ 0	$ 0

INCOME TAX (Details 2)

INCOME TAX (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Exploration and Evaluation Assets
Temporary differences	$ 6,937,000	$ 6,551,000
Expiry date range	No expiry date	No expiry date
Property and Equipment
Temporary differences	$ 400,000	$ 251,000
Expiry date range	No expiry date	No expiry date
Marketable Securities
Temporary differences	$ 145,000	$ 145,000
Expiry date range	No expiry date	No expiry date
Allowable Capital Losses
Temporary differences	$ 7,250,000	$ 7,097,000
Expiry date range	No expiry date	No expiry date
Non-capital Losses Available for Future Periods
Temporary differences	$ 24,807,000	$ 22,965,000
Expiry date range	2020 to 2040	2020 to 2039