Vox Royalty (VOXR) 40-F 14 Mar 23 2022 FY Annual report (Canada) Financial data

Cover

Cover	12 Months Ended
	Dec. 31, 2022 shares
Document Information Line Items
Entity Registrant Name	Vox Royalty Corp.
Entity Central Index Key	0001907909
Document Type	40-F
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Emerging Growth Company	true
Entity Current Reporting Status	Yes
Document Period End Date	Dec. 31, 2022
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022
Entity Ex Transition Period	false
Entity Common Stock Shares Outstanding	44,758,269
Document Annual Report	true
Entity File Number	000-56292
Entity Incorporation State Country Code	Z4
Entity Address Address Line 1	Suite 5300
Entity Address Address Line 2	66 Wellington Street West
Entity Address City Or Town	Toronto
Entity Address State Or Province	ON
Entity Address Postal Zip Code	M5K1E6
City Area Code	345
Auditor Name	Ernst & Young LLP
Auditor Location	Toronto, Canada
Auditor Firm Id	1263
Local Phone Number	815-3939
Security 12b Title	Common Shares, no par value
Trading Symbol	VOXR
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes
Document Shell Company Report	false
Document Registration Statement	false
Annual Information Form	true
Audited Annual Financial Statements	true
Business Contact [Member]
Document Information Line Items
Entity Address Address Line 1	122 East 42nd Street
Entity Address Address Line 2	18th Floor
Entity Address City Or Town	New York
Entity Address Postal Zip Code	10168
City Area Code	800
Local Phone Number	221-0102
Contact Personnel Name	Cogency Global Inc.

Consolidated Statements of Fina

Consolidated Statements of Financial Position - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 4,174,654	$ 5,064,802
Accounts receivable	2,000,062	545,494
Prepaid expenses	595,531	377,160
Investments	0	2,150,499
Total current assets	6,770,247	8,137,955
Non-current assets
Royalty, stream and other interests	32,860,568	17,625,689
Intangible assets	1,355,709	1,539,248
Restricted cash	700,000	0
Deferred royalty acquisitions	118,932	2,529
Total assets	41,805,456	27,305,421
Current liabilities
Accounts payable and accrued liabilities	1,766,131	1,129,807
Dividends payable	447,583	0
Income taxes payable	584,148	395,331
Other liabilities	176,434	403,610
Total current liabilities	2,974,296	1,928,748
Non-current liabilities
Other liabilities	425,281	2,924,062
Deferred taxes payable	2,991,431	1,742,936
Total liabilities	6,391,008	6,595,746
Equity
Share capital	57,020,116	43,648,023
Equity reserves	3,303,503	1,163,397
Deficit	24,909,171	24,101,745
Total equity	35,414,448	20,709,675
Total liabilities and equity	$ 41,805,456	$ 27,305,421

Consolidated Statements of Inco

Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenue
Royalty revenue	$ 8,193,021	$ 3,651,717
Other revenue	315,084	0
Total revenue	8,508,105	3,651,717
Cost of sales
Depletion	1,844,018	972,592
Gross profit	6,664,087	2,679,125
Operating expenses
General and administration	4,851,663	4,439,172
Share-based compensation	1,054,336	1,411,271
Project evaluation expenses	(308,750)	(139,974)
Total operating expenses	6,214,749	5,990,417
Income (loss) from operations	449,338	(3,311,292)
Other income (expenses)
Realized loss on investments	(604,574)	0
Unrealized loss on investments	0	(149,001)
Gain on royalty, stream and other interests	0	(2,030,700)
Other income (expenses)	1,951,316	520,467
Income (loss) before income taxes	1,796,080	(1,950,060)
Income tax expense	(1,467,901)	(2,181,959)
Net income (loss) and comprehensive income (loss)	$ 328,179	$ (4,132,019)
Weighted average number of shares outstanding
Basic	42,562,997	37,872,648
Diluted	42,597,337	37,872,648
Income (loss) per share
Basic	$ 0.01	$ 0.11
Diluted	$ 0.01	$ (0.11)

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($)	Total	Number of Shares [Member]	Share Capital [Member]	Retained Earnings (Accumulated Deficit)	Equity Reserves [member]	Additional Paid-In Capital
Balance, amount at Dec. 31, 2020	$ 13,917,573	$ 32,412,324	$ 3,241	$ (19,112,235)	$ 3,878,964	$ 29,147,603
Statement [Line Items]
Share issuance for cash	11,982,254	5,615,766	562	0	0	11,981,692
Share issue costs	(984,132)		0	0	0	(984,132)
Shares issued for acquisition of royalties	636,851	252,878	25	0	0	636,826
Exercise of RSUs	0	1,836,052	247,861	0	(3,720,054)	3,472,193
Exercise of warrants	48,804	20,579	60,776	0	(11,972)	0
Share redemption (normal course issuer bid)	(1,776,115)	(758,400)	(227,644)	(857,491)	0	(690,980)
Transfer of additional paid-in capital on continuance from Cayman Islands to Ontario	0		43,563,202	0	0	(43,563,202)
Share-based compensation	1,016,459		0	0	1,016,459	0
Net loss and comprehensive loss	(4,132,019)		0	(4,132,019)	0	0
Balance, amount at Dec. 31, 2021	20,709,675	39,379,199	43,648,023	(24,101,745)	1,163,397	0
Statement [Line Items]
Share issue costs	(27,548)		(27,548)	0	0	0
Shares issued for acquisition of royalties	13,639,476	5,114,836	12,456,390	0	1,183,086	0
Exercise of RSUs	0	230,200	491,413	0	(491,413)	0
Exercise of warrants	532,422	226,234	663,970	0	(131,548)	0
Share redemption (normal course issuer bid)	(454,214)	(192,200)	(212,132)	(242,082)	0	0
Share-based compensation	1,579,981		0	0	1,579,981	0
Dividends declared	(893,523)		0	(893,523)	0	0
Net income and comprehensive income	328,179		0	328,179	0	0
Balance, amount at Dec. 31, 2022	$ 35,414,448	$ 44,758,269	$ 57,020,116	$ (24,909,171)	$ 3,303,503	$ 0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities
Net income (loss) for the year	$ 328,179	$ (4,132,019)
Adjustments for:
Fair value change of other liabilities	(2,200,312)	517,971
Deferred tax expense	1,248,495	1,742,936
Foreign exchange (loss) gain on cash and cash equivalents	98,185	146,930
Gain on royalty, stream and other interests	0	2,030,700
Share-based compensation	(1,054,336)	1,411,271
Amortization	183,539	183,540
Depletion	1,844,018	972,592
Realized loss on investments	604,574	0
Unrealized loss on investments	0	149,001
Cash Flows From Used In Operating Activities Gross	2,964,644	(1,038,478)
Changes in non-cash working capital:
Accounts receivable	(1,454,568)	(547,777)
Prepaid expenses	218,371	62,150
Accounts payable and accrued liabilities	566,647	925,866
Income taxes payable	188,817	395,331
Net cash flows from operating activities	2,047,169	768,346
Cash flows used in investing activities
Acquisition of royalties	4,648,336	9,366,319
Pre-acquisition royalty revenues	1,208,917	0
Restricted cash	700,000	0
Deferred royalty acquisitions	(46,728)	12,689
Proceeds from sale of investments	1,545,925	0
Net cash flows used in investing activities	(2,640,222)	(9,353,630)
Cash flows (used in) from financing activities
Share issuance	0	13,354,501
Dividends paid	445,940	0
Share redemption (normal course issuer bid)	454,214	1,776,115
Share issue costs	27,548	984,132
Exercise of warrants	532,422	48,804
Net cash flows (used in) from financing activities	(395,280)	10,643,058
(Decrease) increase in cash and cash equivalents	(988,333)	2,057,774
Impact of foreign exchange on cash and cash equivalents	(98,185)	146,930
Cash and cash equivalents, beginning of the year	5,064,802	3,153,958
Cash and cash equivalents, end of the year	$ 4,174,654	$ 5,064,802

Nature of operations

Nature of operations	12 Months Ended
	Dec. 31, 2022
Nature of operations
Nature of operations	1. Nature of operations Vox Royalty Corp. (“ Vox Company Business Corporations Act Nasdaq Vox is a mining royalty company focused on accretive acquisitions. Approximately 80% of the Company’s royalty and streaming assets by royalty count are located in Australia, Canada and the United States. Further, the Company is prioritizing acquiring royalties on producing or near-term producing assets to complement its high-quality portfolio of exploration and development stage royalties.

Significant accounting policies

Significant accounting policies	12 Months Ended
	Dec. 31, 2022
Significant accounting policies
significant accounting policies	2. Significant accounting policies (a) Statement of compliance These consolidated financial statements, including comparatives, have been prepared in accordance with International Financial Reporting Standards (“ IFRS IASB (b) Basis of presentation These consolidated financial statements have been prepared on a historical cost basis, except for financial instruments, which have been measured at fair value. The consolidated financial statements are presented in United States dollars (“ $ (c) Principles of consolidation These consolidated financial statements incorporate the accounts of the Company and its three wholly-owned subsidiaries, SilverStream SEZC (Cayman Islands), Vox Royalty Australia Pty Ltd. (Australia) and Vox Royalty Canada Ltd. (Ontario, Canada). Subsidiaries are fully consolidated from the date the Company obtains control and continue to be consolidated until the date that control ceases. Control is achieved when the Company is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. All intercompany balances, transactions, revenues and expenses have been eliminated on consolidation. (d) Foreign currency translation In preparing the consolidated financial statements of the Company, transactions in currencies other than the functional currency, are recognized at the rates of exchange prevailing at the dates of the transactions. At the end of each reporting period, monetary items denominated in foreign currencies are retranslated at the rates prevailing at that date. All foreign exchange gains and losses resulting from the settlement of such transactions and from the translation of monetary assets and liabilities denominated in foreign currencies at the period end foreign exchange rates are recognized in the consolidated statements of income (loss) and comprehensive income (loss). Non-monetary items that are measured in terms of historical cost in a foreign currency are not retranslated. (e) Provisions Provisions are recorded when the Company has a present legal or constructive obligation as a result of past events, where it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate of the amount of the obligation can be estimated. If the effect is material, provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and, where appropriate, the risks specific to the liability. The Company had no significant provisions as at December 31, 2022 and 2021. (f) Royalty, stream and other interests Royalty, stream and other interests consist of acquired royalty interests and stream metal purchase agreements. These interests are recorded at cost and capitalized as tangible assets with finite lives. They are subsequently measured at cost less accumulated depletion and accumulated impairment losses, if any. Project evaluation expenditures are recorded in the consolidated statements of income (loss) and comprehensive income (loss) when management determines to not proceed with the proposed acquisition of a royalty. The major categories of the Company’s interests are producing, advanced and exploration stage. Producing assets are those that have generated revenue from steady-state operations for the Company or are expected to in the next year. Advanced assets are interests on projects that are not yet producing, but where in management's view, the technical feasibility and commercial viability of extracting a mineral resource are demonstrable. Interests for producing and advanced assets are recorded at cost and capitalized in accordance with IAS 16, Property, Plant and Equipment. Exploration Evaluation of Mineral Resources Producing mineral royalty and stream interests are depleted using the units-of-production method over the life of the property to which the interest relates. The life of the property is estimated using life of mine models specifically associated with the mineral royalty or stream properties which include proven and probable reserves and may include a portion of resources expected to be converted into reserves. Where life of mine models are not available, the Company uses publicly available statements of reserves and resources for the mineral royalty or stream properties to estimate the life of the property and portion of resources that the Company expects to be converted into reserves. Where life of mine models and publicly available reserve and resource statements are not available, depletion is based on the Company’s best estimate of the ounces to be produced and delivered under the contract. The Company relies on information available to it under contracts with operators and/or public disclosures for information on reserves and resources from the operators of the producing mineral and stream interests. If the cost of a royalty, stream or other interest includes contingent consideration, the contingent consideration is capitalized as part of the cost of the interest when the underlying obligating event has occurred. (g) Impairment of royalty, stream and other interests Royalty, stream and other interests are reviewed for impairment at each reporting date, or whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairment is assessed at the level of cash-generating units (“ CGUs Impairment of Assets An impairment loss is recognized for the amount by which the asset’s carrying value exceeds its recoverable amount, which is the higher of fair value less costs of disposal and value-in-use. The future cash flow expected is derived using estimates of proven and probable reserves, a portion of resources that is expected to be converted into reserves and information regarding the mineral, respectively that could affect the future recoverability of the Company’s interests. Discount factors are determined individually for each asset and reflect their respective risk profiles. In certain circumstances, the Company may use a market approach in determining the recoverable amount which may include an estimate of (i) net present value of estimated future cash flows; (ii) dollar value per ounce or pound of reserve/resource; (iii) cash-flow multiples; and/or (iv) market capitalization of comparable assets. Impairment losses are charged to the mineral interest and are subsequently reassessed for indications that an impairment loss previously recognized may no longer exist. An impairment charge is reversed if the conditions that gave rise to the recognition of an impairment loss are subsequently reversed and the interest’s recoverable amount exceeds its carrying amount. Impairment losses can be reversed only to the extent that the recoverable amount does not exceed the carrying value that would have been determined had no impairment been recognized previously. (h) Intangible assets Intangible assets are measured on initial recognition at cost, which comprises their purchase price plus any directly attributable costs of preparing the asset for its intended use. Following initial recognition, intangible assets are carried at cost less any accumulated amortization and accumulated impairment losses. Amortization is provided on a straight-line basis over 10 years. The asset’s residual values, useful lives and methods of amortization are reviewed at each reporting period and adjusted prospectively, if appropriate. (i) Revenue recognition Revenue comprises revenues directly earned from royalty, stream and other similar interests. Revenue is measured at the fair value of the consideration received or receivable for the receipt of mineral royalties in the ordinary course of the Company’s activities. For royalty interests, the commodities are sold by the mine operator to its customers under contracts that are established for the mining property on which the royalty interest is held. The Company recognizes revenue from these sales when control over the commodity transfers from the mine operator to its customer. The transfer of control occurs when the mine operator delivers the commodity to the customer, and at that point, the risk and rewards of ownership transfer to the customer and the Company has an unconditional right to payment under the royalty agreement. Revenue from the royalty arrangement is measured at the transaction price agreed in the royalty arrangement with the operator of each mining property. The transaction price is typically the percentage of gross revenues associated with the commodity sold less contractually allowable costs, if any, per the terms of the royalty arrangement. In some instances, the Company will not have access to sufficient information to make a reasonable estimate of revenue and, accordingly, revenue recognition is deferred until management can make a reasonable estimate. Differences between estimates and actual amounts are adjusted and recorded in the period that the actual amounts are known. (j) Share capital Common shares are classified as equity. Incremental costs directly attributable to the issuance of shares are recognized as a deduction from the proceeds in equity in the period where the transaction occurs. The fair value of common shares issued for goods and services is based on the fair value of the goods or services received unless the fair value cannot be readily determined. If the fair value cannot be readily determined, the Company uses the market closing price on the date the shares are issued, while the fair value of share purchase warrants is estimated using the quoted market price or, if the warrants are not traded, using the Black-Scholes model (“ BSM (k) Share-based compensation The Company recognizes share-based compensation expense for share purchase options, restricted share units (“ RSU PSU Share purchase options The fair value of share purchase options is determined using the BSM, with market related inputs as of the grant date. The BSM requires management to estimate the expected volatility, expected term, risk-free rate of return over the term, expected dividends, and the number of equity instruments expected to ultimately vest. Volatility is estimated using the historic stock price of the Company and similar listed entities, the expected term is estimated using historical exercise data of the Company and similar listed entities, and the number of equity instruments expected to vest is estimated using historical forfeiture data. The fair values of share purchase options at the date of grant are expensed over the vesting periods with a corresponding increase to equity. Share purchase options with graded vesting schedules are accounted for as separate grants with different vesting periods and fair values. Restricted share units The fair value of RSUs is determined by the market value of the underlying shares at the date of the grant. Under the Company’s RSU Plan, the Board of Directors has the discretion to settle the vested RSUs in cash or equity. As the Company does not have a present obligation to settle the issued RSUs in cash, the RSUs issued have been treated as equity-settled instruments. The fair values of RSUs at the date of grant are expensed over the vesting periods with a corresponding increase to equity. At the end of each reporting period, the Company re-assesses its estimates of the number of awards that are expected to vest and recognizes the impact of any revisions to this estimate in equity. Performance share units The fair value of PSUs is determined by the market value of the underlying shares at the date of the grant. Under the Company’s PSU Plan, the Board of Directors has the discretion to settle the vested PSUs in cash or equity. The fair values of PSUs at the date of grant are expensed over the vesting periods with a corresponding increase to other liabilities, as the number of common shares to be settled is not fixed. At the end of each reporting period, the Company re-assesses its estimates of the number of awards that are expected to vest and recognizes the impact of any revisions to this estimate in other liabilities. (l) Cash and cash equivalents Cash and cash equivalents consist of bank balances and short-term deposits with a remaining maturity at the date of acquisition of three months or less held in chartered banks. The Company did not have any cash equivalents as at December 31, 2022 and 2021. (m) Basic and diluted income per share The Company presents basic and diluted earnings or loss per share (“ EPS Diluted EPS is determined by adjusting the earnings or loss and the weighted average number of common shares outstanding, adjusted for shares held in escrow that are subject to contingent release based on conditions other than the passage of time and for the effects of all dilutive potential common shares, which comprise share options granted, RSUs granted, PSUs granted and warrants. Potential common shares that are considered anti-dilutive are excluded from the calculation of diluted income per share. (n) Income taxes Current income tax assets and liabilities are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used are those that are substantively enacted at the reporting date. Deferred income taxes are provided using the liability method on temporary differences at the reporting date between the tax bases of assets and liabilities and their carrying amounts for accounting. The change in the net deferred income tax asset or liability is included in income, except for deferred income tax relating to equity items which are recognized directly in equity. The income tax effects of differences in the periods when revenue and expenses are recognized in accordance with the Company’s accounting practices, and the periods they are recognized for income tax purposes are reflected as deferred income tax assets or liabilities. Deferred income tax assets and liabilities are measured using the substantively enacted statutory income tax rates that are expected to apply to taxable income in the years in which the assets are realized or the liabilities settled. A deferred tax asset is recognized for unused tax losses, tax credits and deductible temporary differences to the extent that it is probable that future taxable profits will be available for utilization. Temporary differences arising on the initial recognition of assets or liabilities that affect neither accounting nor taxable profit are not recognized. Deferred income tax assets and liabilities are offset only if a legally enforceable right exists to offset current tax assets against liabilities and the deferred tax assets and liabilities relate to income taxes levied by the same taxation authority on the same taxable entity and are intended to be settled on a net basis. The determination of current and deferred taxes requires interpretations of tax legislation, estimates of expected timing of reversal of deferred tax assets and liabilities, and estimates of future earnings. (o) Other liabilities – warrants The Company’s functional currency is the United States dollar. As the warrant exercise prices are denominated in Canadian dollars, the warrants are recorded as other liabilities and measured at fair value using the BSM, with changes in fair value from period to period recorded as a gain or loss in the consolidated statements of income (loss) and comprehensive income (loss). (p) Financial instruments Financial assets and financial liabilities are recognized on the Company’s consolidated statements of financial position when the Company has become a party to the contractual provisions of the instrument. Financial assets are derecognized when the rights to receive cash flows from the assets have expired or have been transferred and the Company has transferred substantially all risks and rewards of ownership. Financial assets: Initial recognition and measurement Non-derivative financial assets within the scope of IFRS 9, Financial Instruments FVPL FVOCI All financial assets are recognized initially at fair value plus, in the case of financial assets not at FVPL, directly attributable transaction costs on the trade date at which the Company becomes a party to the contractual provisions of the instrument. Subsequent measurement – financial assets at amortized cost After initial recognition, financial assets measured at amortized cost are subsequently measured at the end of each reporting period at amortized cost using the effective interest rate (“ EIR Subsequent measurement – financial assets at FVPL Financial assets measured at FVPL include financial assets management intends to sell in the short term and any derivative financial instrument that is not designated as a hedging instrument in a hedge relationship. Financial assets measured at FVPL are carried at fair value in the consolidated statements of financial position with changes in fair value recognized in other income or expense in the consolidated statements of income (loss) and comprehensive income (loss). The Company measures investments at FVPL. Subsequent measurement – financial assets at FVOCI Financial assets measured at FVOCI are non-derivative financial assets that are not held for trading and the Company has made an irrevocable election at the time of initial recognition to measure the assets at FVOCI. The Company does not measure any financial assets at FVOCI. After initial measurement, investments measured at FVOCI are subsequently measured at fair value with unrealized gains or losses recognized in other comprehensive income or loss in the consolidated statements of income (loss) and comprehensive income (loss). When the investment is sold, the cumulative gain or loss is not reclassified to profit or loss. Dividends from such investments are recognized in other income in the consolidated statements of income (loss) and comprehensive income (loss) when the right to receive payments is established. Derecognition A financial asset is derecognized when the contractual rights to the cash flows from the asset expire, or the Company no longer retains substantially all the risks and rewards of ownership. Financial liabilities: Initial recognition and measurement Financial liabilities are measured at amortized cost, unless they are required to be measured at FVPL as is the case for held for trading or derivative instruments, or the Company has opted to measure the financial liability at FVPL. The Company’s financial liabilities include accounts payable and accrued liabilities, which are each measured at amortized cost. The Company’s other liabilities are measured at FVPL. All financial liabilities are recognized initially at fair value. Subsequent measurement – financial liabilities at amortized cost After initial recognition, financial liabilities measured at amortized cost are subsequently measured at the end of each reporting period at amortized cost using the EIR method. Amortized cost is calculated by taking into account any discount or premium on acquisition and any fees or costs that are an integral part of the EIR. The EIR amortization is included in other expenses in the consolidated statements of income (loss) and comprehensive income (loss). Subsequent measurement – financial liabilities at FVPL Financial liabilities measured at FVPL include any derivative financial instrument that is not designated as a hedging instrument in a hedge relationship. Financial liabilities measured at FVPL are carried at fair value in the consolidated statements of financial position with changed in fair value recognized in other income or expense in the consolidated statements of income (loss) and comprehensive income (loss). The Company measures other liabilities as financial liability at FVPL. Derecognition A financial liability is derecognized when the obligation under the liability is discharged, cancelled or expires with any associated gain or loss recognized in other income or expense in the consolidated statements of income (loss) and comprehensive income (loss). (q) Impairment Financial assets The Company recognizes loss allowances for expected credit losses (‘‘ ECLs The Company applies the simplified approach permitted by IFRS 9 for receivables, which requires lifetime ECLs to be recognized from initial recognition of the receivables. Loss allowances for financial assets measured at amortized cost are deducted from the gross carrying amount of the assets. In order to measure the ECLs, receivables have been grouped based on shared credit risk characteristics and the days past due. Receivables are written off where there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, among others, the failure of a debtor to engage in a repayment plan with the group, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on receivables are presented as net impairment losses within operating income. Subsequent recoveries of amounts previously written off are credited against the same line item. Non-financial assets The carrying amount of the Company’s long-lived non-financial assets, including royalty, stream and other interests and intangible assets are reviewed at each reporting date to determine whether there are events or changes in circumstances that indicate an impairment. If any such indication exists, then the asset’s recoverable amount is estimated. The recoverable amount of an asset or CGU is the greater of its estimated value in use and its fair value less costs to sell. In estimating value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. For the purpose of impairment testing, assets that cannot be tested individually are grouped together into the smallest group of assets that generate cash inflows from continuing use that are largely independent of the cash flows of other assets or groups of assets. This is usually at the individual royalty, stream and other interests level for each property from which independent cash flows are generated. An impairment loss is recognized if the carrying amount of an asset or its CGU exceeds its estimated recoverable amount. Impairment losses are recognized in profit or loss. Impairment losses recognized in respect of CGUs are allocated to reduce the carrying amount of the assets in the unit (group of units) on a pro rata basis. Impairment losses recognized in prior periods are assessed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss is reversed if there has been a change in estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation, if no impairment loss had been recognized. Losses are recognized in profit or loss. When a subsequent event causes the amount of impairment loss to decrease, the decrease in impairment loss is reversed through profit or loss. (r) Segment reporting An operating segment is a component of the Company that engages in business activities from which it may earn revenues and incur expenses. The Company’s operating segments are components of the Company’s business for which discrete financial information is available and that are reviewed regularly by the Company’s Chief Executive Officer to make decisions about resources to be allocated to the segment and assess its performance. For the years ended December 31, 2022 and 2021, the Company operated in one reportable segment being the acquisition of royalty interests. (s) Recent accounting pronouncements Certain pronouncements were issued by the IASB or the International Financial Reporting Interpretations Committee that are mandatory for accounting periods commencing on or after January 1, 2023. Many are not applicable or do not have a significant impact to the Company and have been excluded. The following have not yet been adopted and are being evaluated to determine their impact on the Company. Amendments to IAS 12 – Income Taxes – Deferred Tax related to Assets and Liabilities arising from a Single Transaction Effective on January 1, 2023, the amendments remove the exemption for deferred tax arising on transactions that, on initial recognition, give rise to equal amounts of taxable and deductible temporary differences. This standard is not expected to have a material impact on the Company’s current or future reporting periods. Amendments to IAS 8 – Definition of Accounting Estimates Effective on January 1, 2023, the amendments clarify how companies should distinguish changes in accounting policies from changes in accounting estimates. This standard is not expected to have a material impact on the Company’s current or future reporting periods. Amendments to IAS 1 – Classification of Liabilities as Current or Non-current Effective on January 1, 2024, the amendments clarify how conditions with which an entity must comply within 12 months after the reporting period affect the classification of a liability.

Significant judgments, estimate

Significant judgments, estimates and assumptions	12 Months Ended
	Dec. 31, 2022
Significant judgments, estimates and assumptions	3. Significant judgments, estimates and assumptions The preparation of the Company’s consolidated financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that affect the reported amounts of assets, liabilities and contingent liabilities at the date of the consolidated financial statements and reported amounts of revenues and expenses during the reporting period. Estimates and assumptions are continuously evaluated and are based on management’s experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. However, actual outcomes can differ from these estimates. Information about significant sources of estimation uncertainty and judgments made by management in preparing the consolidated financial statements are described below. Valuation of share-based compensation and share purchase warrants Management determines the costs for share-based compensation and warrants using market-based valuation techniques. The fair value of the market-based and performance-based share awards are determined at the date of grant, for stock options and RSUs, using generally accepted valuation techniques. Assumptions are made and judgment is used in applying the valuation techniques. These assumptions and judgments include estimating the future volatility of the share price, expected dividend yield, future employee turnover rates and future share option and warrant exercise behaviors and corporate performance. Such judgments and assumptions are inherently uncertain. Changes in these assumptions affect the fair value estimates of share-based compensation and share purchase warrants. Other liabilities The estimates, assumptions and judgements made in relation to the fair value of certain warrants and PSUs are subject to measurement uncertainty. The valuation techniques used to determine fair value require inputs that involve assumptions and judgments such as estimating the future volatility of the stock price, expected dividend yield, and expected life. Such judgments and assumptions are inherently uncertain. Reserves and resources The Company’s business is the acquisition of royalties and streams. This amount represents the capitalized expenditures related to the acquisition of royalty and stream interests, net of accumulated depletion and accumulated impairment charges, if any. The Company estimates the reserves, resources and exploration potential relating to each agreement. Reserves are estimates of the amount of minerals that can be economically and legally extracted from the mining properties in respect of which the Company has royalty and stream agreements. Resources are estimates of the amount of minerals contained in mineralized material for which there is a reasonable prospect for economic extraction from the mining properties in respect of which the Company has royalty and stream agreements. Exploration potential represents an estimate of additional reserves and resources that may be discovered through the mine operator’s exploration program. The Company adjusts its estimates of reserves, resources (where applicable) and exploration potential (where applicable) to reflect the Company’s percentage entitlement to minerals produced from such mines. The Company compiles its estimates of its reserves and resources based on information supplied by appropriately qualified persons relating to the geological data on the size, density and grade of the ore body, and require complex geological and geostatistical judgments to interpret the data. The estimation of recoverable reserves and resources is based upon factors such as estimates of foreign exchange rates, commodity prices, future capital requirements, and production costs along with geological assumptions and judgments made in estimating the size and grade of the ore body. The Company estimates exploration potential based on assumptions surrounding the ore body continuity which requires judgment as to future success of any exploration programs undertaken by the mine operator. Changes in the reserve estimates, resource estimates or exploration potential estimates may impact the carrying value of the Company’s royalty, stream and other interests and depletion charges. Impairment of royalty, stream and other interests Assessment of impairment of royalty, stream and other interests requires the use of judgments, assumptions and estimates when assessing whether there are any indicators that could give rise to the requirement to conduct a formal impairment test as well as in the assessment of fair values. The assessment of the fair values of royalty, stream and other interests requires the use of estimates and assumptions for recoverable production, commodity prices, discount rates, mineral resource conversion, foreign exchange rates, taxes, and the associated production implications. In addition, the Company may use other approaches in determining fair value which may include estimates related to (i) dollar value per unit of mineral reserve/resource; (ii) cash-flow multiples; and (iii) comparable transactions. Changes in any of the estimates used in determining the fair value of the royalty, stream and other interests could impact the impairment analysis. During the years ended December 31, 2022 and 2021, there were no impairment charges Income taxes The interpretation of new and existing tax laws or regulations in Canada, Australia, the United States of America, or any of the countries in which the Company's royalty, stream and other interests are located requires the use of judgment. Differing interpretation or changes to these laws or regulations could result in an increase in the Company’s taxes, or other governmental charges, duties or impositions. In addition, the recoverability of deferred income tax assets, including expected periods of reversal of temporary differences and expectations of future taxable income, are assessed by management at the end of each reporting period and adjusted, as necessary, on a prospective basis.

Accounts receivable

Accounts receivable	12 Months Ended
	Dec. 31, 2022
Accounts receivable
Accounts receivable	4. Accounts receivable December 31, 2022 December 31, 2021 $ $ Royalties receivable 1,921,670 545,494 Sales tax recoverable 78,392 - 2,000,062 545,494 Royalties receivable represents amounts that are generally collected within 45 days of quarter-end.

Investments

Investments	12 Months Ended
	Dec. 31, 2022
Investments
Investments	5. Investments As at December 31, 2022, the Company held two investments, which had a total estimated fair value of $nil. Issuer Security Description Cost Estimated Fair Value % of Fair value $ $ BK Gold Mines Pty Ltd. 7,330,000 common shares 1,123,440 - 0 % MCC Canadian Gold Ventures Inc. 40 common shares - - 0 % Total 1,123,440 - 0 % During the year ended December 31, 2022, the Company sold 7,270,408 common shares of Electric Royalties Ltd. (“ Electric As at December 31, 2021, the Company held three investments, which had a total estimated fair value of $2,150,499. Issuer Security Description Cost Estimated Fair Value % of Fair value $ $ Electric Royalties Ltd. 7,270,408 common shares 2,299,500 2,150,499 100 % BK Gold Mines Pty Ltd. 7,330,000 common shares 1,123,440 - 0 % MCC Canadian Gold Ventures Inc. 40 common shares - - 0 % Total 3,422,940 2,150,499 100 % During the year ended December 31, 2021, the Company entered into a definitive royalty sale and purchase agreement with Electric, whereby Electric agreed to acquire two graphite royalties from Vox for total consideration of C$2,900,000, consisting of C$2,850,000 in common shares of Electric (the “ Electric Shares

Royalty, stream and other inter

Royalty, stream and other interests	12 Months Ended
	Dec. 31, 2022
Royalty, stream and other interests	6. Royalty, stream and other interests As at and for the year ended December 31, 2022: Cost Accumulated Depletion Royalty Country Opening Additions Disposal Ending Opening Depletion Disposal Ending Carrying Amount $ $ $ $ $ $ $ $ $ Wonmunna Australia - 14,527,467 - 14,527,467 - (830,176) - (830,176) 13,697,291 Janet Ivy Australia 2,494,285 - - 2,494,285 (29,633) - - (29,633) 2,464,652 Koolyanobbing Australia 2,487,741 161,997 - 2,649,738 (797,157) (401,086) - (1,198,243) 1,451,495 South Railroad USA 2,316,757 - - 2,316,757 (37,581) (42,233) - (79,814) 2,236,943 Limpopo South Africa - 1,150,828 - 1,150,828 - - - - 1,150,828 Bowdens Australia 1,130,068 - - 1,130,068 - - - - 1,130,068 Bullabulling Australia 953,349 - - 953,349 - - - - 953,349 Brits South Africa 764,016 - - 764,016 - - - - 764,016 Otto Bore Australia 583,612 - - 583,612 - - - - 583,612 Segilola Nigeria 706,425 - - 706,425 (18,587) (509,633) - (528,220) 178,205 Lynn Lake (MacLellan) Canada 873,088 - - 873,088 - - - - 873,088 Bulong Australia 544,957 - - 544,957 - - - - 544,957 Dry Creek Australia 475,723 - - 475,723 (70,767) (22,870) - (93,637) 382,086 Sulfur Springs/ Kangaroo Caves Australia 467,983 - - 467,983 - - - - 467,983 Pedra Branca Brazil 450,131 - - 450,131 - - - - 450,131 Ashburton Australia 355,940 - - 355,940 - - - - 355,940 Anthiby Well Australia 311,742 - - 311,742 - - - - 311,742 Cardinia Australia - 302,850 - 302,850 - - - - 302,850 Brauna Brazil 262,328 - - 262,328 (37,101) (38,020) - (75,121) 187,207 Montanore USA 61,572 - - 61,572 - - - - 61,572 Mt Ida Australia 210,701 - - 210,701 - - - - 210,701 Other Australia 1,606,079 - - 1,606,079 - - - - 1,606,079 Other Peru 1,500,000 45,609 - 1,545,609 - - - - 1,545,609 Other Canada 60,018 890,146 - 950,164 - - - - 950,164 Total 18,616,515 17,078,897 - 35,695,412 (990,826) (1,844,018) - (2,834,844) 32,860,568 As at and for the year ended December 31, 2021: Cost Accumulated Depletion Royalty Country Opening Additions Disposal Ending Opening Depletion Disposal Ending Carrying Amount $ $ $ $ $ $ $ $ $ Janet Ivy Australia - 2,494,285 - 2,494,285 - (29,633) - (29,633) 2,464,652 Koolyanobbing Australia 1,130,010 1,357,731 - 2,487,741 - (797,157) - (797,157) 1,690,584 South Railroad USA - 2,316,757 - 2,316,757 - (37,581) - (37,581) 2,279,176 Bowdens Australia 1,130,068 - - 1,130,068 - - - - 1,130,068 Bullabulling Australia - 953,349 - 953,349 - - - - 953,349 Brits South Africa 764,016 - - 764,016 - - - - 764,016 Otto Bore Australia - 583,612 - 583,612 - - - - 583,612 Segilola Nigeria 706,425 - - 706,425 - (18,587) - (18,587) 687,838 Lynn Lake (MacLellan) Canada - 873,088 - 873,088 - - - - 873,088 Bulong Australia 544,957 - - 544,957 - - - - 544,957 Dry Creek Australia 475,723 - - 475,723 (9,338) (61,429) - (70,767) 404,956 Sulfur Springs/ Kangaroo Caves Australia 467,983 - - 467,983 - - - - 467,983 Pedra Branca Brazil 450,131 - - 450,131 - - - - 450,131 Ashburton Australia 355,940 - - 355,940 - - - - 355,940 Anthiby Well Australia 311,742 - - 311,742 - - - - 311,742 Brauna Brazil 262,328 - - 262,328 (11,498) (25,603) - (37,101) 225,227 Montanore USA - 61,572 - 61,572 - - - - 61,572 Mt Ida Australia 210,701 - - 210,701 - - - - 210,701 Graphmada Madagascar 188,437 - (188,437) - - (2,602) 2,602 - - Other Australia 1,386,276 302,758 (82,955) 1,606,079 - - - - 1,606,079 Other Peru 500,000 1,000,000 - 1,500,000 - - - - 1,500,000 Other Canada - 60,018 - 60,018 - - - - 60,018 Total 8,884,737 10,003,170 (271,392) 18,616,515 (20,836) (972,592) 2,602 (990,826) 17,625,689 Deferred royalty acquisitions as at December 31, 2022 of $118,932 (December 31, 2021 - $2,529) relate to costs incurred prior to the execution and closing of a royalty acquisition. Deferred royalty acquisition costs are reallocated to Royalty, stream and other interests upon signing of a definitive agreement. If management determines not to proceed with a proposed acquisition, the deferred costs are reallocated to project evaluation expenses in the consolidated statements of income (loss) and comprehensive income (loss). Total royalty, stream and other interests include carrying amounts in the following countries: December 31, 2022 December 31, 2021 $ $ Australia 24,462,805 10,724,623 USA 2,298,515 2,340,748 South Africa 1,914,844 764,016 Nigeria 178,205 687,838 Brazil 637,338 675,358 Canada 1,823,252 933,106 Peru 1,545,609 1,500,000 32,860,568 17,625,689 Royalties acquired during the year ended December 31, 2022: Limpopo On April 27, 2022, Vox completed the acquisition of a portfolio of two royalties from a private South African registered company. The royalties include a 1.0% gross receipts royalty over the Dwaalkop Project and a 0.704% gross receipts royalty over the Messina Project, which collectively cover the majority of the Limpopo PGM Project (“ Limpopo The Company will make additional cash payments or issue additional common shares (at Vox’s sole election) of up to C$8,900,000 upon achievement of certain production milestones at Limpopo, including: - C$1,500,000 upon cumulative royalty receipts from Limpopo exceeding C$500,000; - C$400,000 upon cumulative royalty receipts from Limpopo exceeding C$1,000,000; and - C$7,000,000 upon cumulative royalty receipts from Limpopo exceeding C$50,000,000. As at December 31, 2022, these additional amounts have not been recorded in the consolidated statements of financial position, as the production milestones have not been achieved. Wonmunna On May 26, 2022, Vox completed the acquisition of a producing royalty over the Wonmunna iron ore mine (“ Wonmunna GRR The total upfront consideration paid on May 26, 2022 was $15,703,991, broken down as follows: - Cash of $4,050,000 (inclusive of a $50,000 deposit paid prior to closing); - Issuance of 4,350,000 common shares of the Company, valued at $10,470,905; and - Issuance of 3,600,000 common share purchase warrants of the Company. Each whole warrant is exercisable to acquire one common share at a price of C$4.50, expiring March 25, 2024. The fair value of the warrants on the issuance date was $1,183,086. The fair value of the warrants is based on the BSM option pricing model with the following assumptions: stock price C$3.09 ($2.41), expected dividend yield – 0%, expected volatility – 46%, risk-free interest rate – 2.53% and an expected life of 1.83 years; The carrying amount of the Wonmunna royalty asset was subsequently reduced for the royalty revenues earned for the period April 1, 2022 to May 25, 2022 of $1,208,917. In addition, there was a holdback amount of $700,000 (recorded as restricted cash) that becomes due and payable following the completion of certain conditions for a period up to December 31, 2024. Canadian Gold Portfolio On June 3, 2022, Vox completed the acquisition of two royalties from an individual prospector residing in Canada, along with all personal rights held to a third potential royalty. The royalties include a 1.0% Net Smelter Royalty (“ NSR The Company will make additional cash payments or issue additional common shares (at Vox’s sole election), subject to the satisfaction of certain conditions, as follows: - C$500,000 or issue up to a maximum of 184,399 common shares in September 2022. This payment was settled on September 7, 2022, with the issuance of 173,058 common shares for total consideration of $387,816; - C$700,000 or issue up to a maximum of 258,159 common shares in January 2023 (see Note 20); and - C$500,000 or issue up to a maximum of 184,399 common shares in December 2023. As at December 31, 2022, the additional amounts related to January 2023 and December 2023 have not been recorded in the consolidated statements of financial position, as the conditions have not yet been met. El Molino On June 9, 2022, Vox acquired all of Terrace Gold’s (a subsidiary of Nuheara Limited) rights and interests in an agreement with Lumina Copper S.A.C, which includes the right to receive the El Molino royalty (“ El Molino A further payment of $450,000 is payable in cash, following the registration of the El Molino royalty rights on the applicable mining title in Peru and the satisfaction of other customary completion conditions. As at December 31, 2022, this additional amount has not been recorded in the consolidated statements of financial position, as the registration of the El Molino royalty rights has not been completed. Koolyanobbing On September 30, 2022, the Company recorded a liability relating to the first contingent milestone payment owing on the Koolyanobbing royalty. Per the terms of the royalty sale and purchase agreement between Vox Royalty Australia Pty Ltd. and Vonex Limited, dated April 21, 2020, a first milestone cash payment of A$250,000 ($161,997) was due upon the achievement of a specific cumulative tonnage achieved, which was reached during the three months ended September 30, 2022. The cash amount was paid in November 2022. First Quantum Portfolio On November 21, 2022, Vox acquired two royalties and the option rights held on two additional royalties from First Quantum Minerals Ltd. (“ FQM Estrades Opawica Winston Lake N&M Pursuant to the terms of the FQM royalty sale and purchase agreement, Vox issued 164,319 common shares of the Company, valued at $412,874, for the Estrades and Opawica royalties. Additional closings and cash payments of C$100,000 (Winston Lake) and C$25,000 (N&M) will be due and payable following (i) the exercise of separate third-party option agreements, (ii) the issuance of the Winston Lake and N&M royalties to FQM, and (iii) the assignment of the Winston Lake and N&M royalties to Vox. As at December 31, 2022, these additional amounts have not been recorded in the consolidated statements of financial position, as the production milestones have not been achieved. Cardinia On November 21, 2022, the Company completed the acquisition of the Cardinia development-stage gold royalty in Western Australia from Gloucester Coal Ltd (“ Gloucester Royalties acquired during the year ended December 31, 2021: Breakwater Portfolio On January 21, 2021, Vox completed the acquisition of a portfolio of five royalties from Breakwater Resources Ltd. and its affiliates (“ Breakwater Gibb River Portfolio On March 12, 2021, Vox completed the acquisition of a portfolio of three royalties from Gibb River Diamonds Ltd. (“ Gibb River Horizon Portfolio On March 30, 2021, Vox completed the acquisition of a portfolio of two royalties from Horizon Minerals Limited (“ Horizon Koolyanobbing On April 8, 2021, 2021, Vox extinguished the outstanding balance of the Koolyanobbing royalty advance payment through a cash payment of A$1,782,032 ($1,357,731) to Mineral Resources Ltd. Bullabulling On May 25, 2021, Vox completed the acquisition of the Bullabulling gold royalty from a private Australian-registered entity (“ Bullabulling Vendor South Railroad On June 7, 2021, Vox completed the acquisition of the South Railroad gold royalty from a group of private individuals. The upfront consideration paid to the private individuals was $1,980,000, paid in cash. In addition, a cash finders’ fee of $99,000 was paid to a private entity. Brightstar On June 11, 2021, Vox entered into a royalty purchase and sale agreement with Golden Cross Resources Ltd. (“ Golden Cross Titan Portfolio On June 30, 2021, the Company entered into binding agreements with Titan Minerals Ltd. (“ Titan Royalties sold during the year ended December 31, 2021 On June 30, 2021, the Company entered into a definitive royalty sale and purchase agreement with Electric, as described in Note 4. The Company recognized a gain on sale of the two graphite royalties of $2,030,700.

Intangible assets

Intangible assets	12 Months Ended
	Dec. 31, 2022
Intangible assets
Intangible assets	7. Intangible assets Intangible assets are comprised of the Mineral Royalties Online (“MRO”) royalty database. The MRO database is not commercially available to the Company’s competitors. MRO virtually integrates global mining royalties with mineral deposits and mining claims, which provides the Company with the first-mover advantage to execute bilateral, non-brokered royalty acquisition transactions. Database $ Cost at: December 31, 2020 1,837,500 December 31, 2021 1,837,500 December 31, 2022 1,837,500 Accumulated amortization at: December 31, 2020 114,712 Additions 183,540 December 31, 2021 298,252 Additions 183,539 December 31, 2022 481,791 Net book value at: December 31, 2021 1,539,248 December 31, 2022 1,355,709

Accounts payable and accrued li

Accounts payable and accrued liabilities	12 Months Ended
	Dec. 31, 2022
Accounts payable and accrued liabilities
Accounts payable and accrued liabilities	8. Accounts payable and accrued liabilities December 31, 2022 December 31, 2021 $ $ Trade payable 448,206 196,198 Sales tax payable 345,036 150,832 Accrued liabilities 972,889 782,777 1,766,131 1,129,807

Share capital and additional pa

Share capital and additional paid-in capital	12 Months Ended
	Dec. 31, 2022
Share capital and additional paid-in capital
Share capital and additional paid-in capital	9. Share capital and additional paid-in capital Authorized The authorized share capital of the Company for the period January 1, 2021 to July 5, 2021 was C$50,000 divided into 500,000,000 shares with a par value of C$0.0001 each. On July 6, 2021, Vox changed its legal domicile from the Cayman Islands to Ontario, Canada. As a result, the authorized share capital of the Company effective July 6, 2021, is an unlimited number of common shares without par value. The following summarizes the common shares issued and outstanding balance: December 31, 2022 December 31, 2021 $ $ Issued: 44,758,269 57,020,116 43,648,023 Share issuances during the year ended December 31, 2022 On April 27, 2022, the Company issued 409,500 common shares for the purchase of the Limpopo royalties, for total consideration of $1,139,628. On May 26, 2022, the Company issued 4,350,000 common shares for the purchase of the Wonmunna royalty, for total consideration of $10,470,905. On June 9, 2022, the Company issued 17,959 common shares for the purchase of the El Molino royalty, for total consideration of $45,167. On September 7, 2022, the Company issued 173,058 common shares as a first milestone payment related to the gold royalty portfolio, for total consideration of $387,816. On November 21, 2022, the Company issued 164,319 common shares for the purchase of the Estrades and Opawica royalties from FQM, for total consideration of $412,874. Normal Course Issuer Bid year ended December 31, 2022: On November 15, 2022, the Company renewed its NCIB, allowing the Company to repurchase for cancellation, up to 2,229,697 common shares during the period November 21, 2022 to November 20, 2023. The repurchases are to be made at market prices through the facilities of the TSXV or other recognized marketplaces (which include Canadian and US marketplaces). The NCIB provides the Company with the option to purchase its common shares for cancellation from time to time. During the year ended December 31, 2022, the Company repurchased and cancelled 192,200 common shares pursuant to the prior NCIB, at an average share price of C$3.03. The value was allocated $212,132 to share capital and $242,082 to deficit. Share issuances during the year ended December 31, 2021: On March 25, 2021, the Company closed an offering of units with a syndicate of underwriters pursuant to which the underwriters purchased, on a bought deal basis, 5,615,766 units at C$3.00 per share for total gross proceeds of C$16,847,298 ($13,364,507) (the “ Offering Each whole warrant will be exercisable to acquire one common share at a price of C$4.50 for a period of three years. The warrants have been presented as a other liabilities (see Note 11). The fair value of the warrants on the issuance date was $1,372,247. The fair value of the warrants is based on the BSM option pricing model with the following assumptions: stock price C$2.62 ($2.08), expected dividend yield – 0%, expected volatility – 58%, risk-free interest rate – 0.46% and an expected life of 3 years. In making assumptions for expected volatility, Vox used the industry average as sufficient historical data was not available for the Company’s stock price. During the year, the Company issued 252,878 common shares for the purchase of the Breakwater royalty portfolio, as disclosed in Note 6, for total consideration of C$804,152 ($636,851). The value was allocated $25 to share capital and $636,826 to additional paid-in capital. Normal Course Issuer Bid year ended December 31, 2021: On November 18, 2021, the Company renewed its NCIB, allowing the Company to purchase up to 1,968,056 common shares during the period of November 19, 2021 through November 18, 2022. The NCIB provides the Company with the option to purchase its common shares for cancellation from time to time. During the year ended December 31, 2021, the Company purchased and cancelled 758,400 common shares of which 735,200 common shares were purchased pursuant to the prior NCIB, at an average share price of C$2.95. The value was allocated $227,644 to share capital, $690,980 to additional paid-in capital and $857,491 to deficit. Dividends: On September 20, 2022, the Board of Directors of the Company declared a dividend of $0.01 per common share to shareholders of record as of the close of business on October 21, 2022. Total dividends of $445,940 were paid on November 4, 2022. On November 14, 2022, the Board of Directors of the Company declared a dividend of $0.01 per common share payable on January 13, 2023 to shareholders of record as of the close of business on December 30, 2022. Total dividends of $447,583 were payable as at December 31, 2022. which were paid on January 13, 2023.

Equity reserves

Equity reserves	12 Months Ended
	Dec. 31, 2022
Equity reserves
Equity reserves	10. Equity reserves Warrants The following summarizes the warrant activity for the years ended December 31, 2022 and 2021: 2022 2021 Number Weighted average exercise price Number Weighted average exercise price # C$ # C$ Outstanding, beginning of year 251,762 3.00 272,341 3.00 Granted 3,600,000 4.50 - - Exercised (226,234 ) 3.00 (20,579 ) 3.00 Expired (25,528 ) 3.00 - - Outstanding, end of year 3,600,000 4.50 251,762 3.00 Exercisable, end of year 3,600,000 4.50 251,762 3.00 The following table summarizes information of warrants outstanding and exercisable as at December 31, 2022: Expiry date Number of warrants outstanding Exercise price Weighted average remaining contractual life # C$ Years March 25, 2024 3,600,000 4.50 1.23 3,600,000 4.50 1.23 See Note 11 for additional warrants classified under other liabilities. The Company used the BSM to estimate the grant date fair value of warrants issued during the period using the following weighted average assumptions: December 31, 2022 December 31, 2021 Expected stock price volatility 46 % N/A Risk-free interest rate 2.53 % N/A Expected life 1.83 years N/A Grant date share price $ 2.41 N/A Expected forfeiture rate - N/A Expected dividend yield - N/A Options The Company maintains an omnibus long-term incentive plan dated May 19, 2020 (the “ Plan The following summarizes the stock option activity for the years ended December 31, 2022 and 2021: 2022 2021 Number Weighted average exercise price Number Weighted average exercise price # C$ # $ Outstanding, beginning of year 799,826 3.25 6,000 3.50 Granted 804,158 4.16 819,826 3.27 Expired - - (26,000 ) 3.88 Outstanding, end of year 1,603,984 3.71 799,826 3.25 Exercisable, end of year 800,907 3.48 199,957 3.25 The following table summarizes information of stock options outstanding as at December 31, 2022: Options Outstanding Options Exercisable Expiry date Exercise price Number of options outstanding Weighted average remaining contractual life Number of options exercisable Weighted average remaining contractual life C$ # Years # Years June 30, 2026 3.25 799,826 3.50 599,871 3.50 March 9, 2027 4.16 804,158 4.19 201,040 4.19 1,603,984 3.84 800,911 3.67 The Company used the BSM to estimate the grant date fair value of stock options issued during the year using the following weighted average assumptions: December 31, 2022 December 31, 2021 Expected stock price volatility 35 % 36 % Risk-free interest rate 1.65 % 0.96 % Expected life 5 years 4.91 years Grant date share price $ 3.09 $ 1.97 Expected forfeiture rate - - Expected dividend yield - - During the year ended December 31, 2022, 804,158 stock options were granted and vest in 25% increments on each of September 9, 2022, March 9, 2023, September 9, 2023 and March 9, 2024. In making assumptions for expected volatility, the Company used the industry average as sufficient historical data was not available for the Company’s stock price. Restricted Share Unit Plan The Plan provides that the Board of Directors may, at its discretion, grant directors, officers, employees and consultants, non-transferable RSUs based on the value of the Company’s share price at the date of grant. The Board of Directors has the discretion to issue cash or equity settle the vested RSUs. The RSUs issued were treated as equity-settled instruments and measured at the grant date fair value because the Company does not have a present obligation to settle the issued RSUs in cash. During the year ended December 31, 2022, 263,548 RSUs were granted and vest in 25% increments on each of September 9, 2022, March 9, 2023, September 9, 2023 and March 9, 2024. The share-based compensation expense related to the RSUs will be recorded over the vesting period. The following summarizes the RSU activity for the years ended December 31, 2022 and 2021: 2022 2021 Number Weighted average fair value Number Weighted average fair value # $ # $ Outstanding, beginning of year 581,696 2.13 2,124,906 2.04 Granted 263,548 3.01 292,842 2.16 Exercised (230,200 ) 2.13 (1,836,052 ) 2.03 Outstanding, end of year 615,044 2.56 581,696 2.13 Vested, end of year 205,775 2.37 36,403 2.14

Other liabilities

Other liabilities	12 Months Ended
	Dec. 31, 2022
Other liabilities
Other liabilities	11. Other liabilities The following summarizes the other liabilities balance: December 31, 2022 December 31, 2021 $ $ Warrants 445,216 2,645,528 PSUs 156,499 682,144 601,715 3,327,672 Less: current portion 176,434 403,610 Non-current portion 425,281 2,924,062 Warrants The following summarizes the warrant activity for the years ended December 31, 2022 and 2021: 2022 2021 Number Weighted average exercise price Number Weighted average exercise price # C$ # C$ Outstanding, beginning of year 5,097,550 4.50 2,289,667 4.50 Granted - - 2,807,883 4.50 Outstanding, end of year 5,097,550 4.50 5,097,550 4.50 Exercisable, end of year 5,097,550 4.50 5,097,550 4.50 The following table summarizes information of warrants outstanding and exercisable as at December 31, 2022: Expiry date Number of warrants outstanding Exercise price Weighted average remaining contractual life # C$ Years May 14, 2023 2,289,667 4.50 0.37 March 25, 2024 2,807,883 4.50 1.23 5,097,550 4.50 0.84 The Company used the BSM to estimate the grant date fair value of warrants during the period using the following weighted average assumptions: December 31, 2022 December 31, 2021 Expected stock price volatility 37 % 51 % Risk-free interest rate 4.07 % 0.91 % Expected life 0.84 years 1.84 years Grant date share price $ 2.28 $ 2.74 Expected dividend yield 1.72 % - On February 3, 2021, the Company held a Warrant Holder Meeting (“ Meeting Warrants Performance Share Unit Plan The Plan provides that the Board of Directors may, at its discretion, grant directors, officers, employees and consultants, non-transferable PSUs based on the value of the Company’s share price at the date of grant. The Board of Directors has the discretion to issue cash or equity settle the vested PSUs. The PSUs issued were treated as other liabilities because the number of shares to be eventually issued is based on a percentage of the common shares outstanding at the time the performance hurdle is met. The share-based compensation expense will be recorded over the vesting period, which is the date that specific share price hurdles are met. The following summarizes the PSU activity for the years ended December 31, 2022 and 2021: 2022 2021 Number Weighted average fair value Number Weighted average fair value # $ # $ Outstanding, beginning of year 787,584 1.36 648,246 1.36 Granted 107,582 0.23 139,338 1.36 Outstanding, end of year 895,166 0.23 787,584 1.36 Vested, end of year - - - - The Company used the Monte Carlo simulation model to estimate the grant date fair value of PSUs issued during the period using the following weighted average assumptions: December 31, 2022 December 31, 2021 Expected stock price volatility 38 % 51 % Risk-free interest rate 4.41 % 0.95 % Expected life 0.77 years 0.95 years Grant date share price C$ 3.14 C$ 3.48 Expected dividend yield 1.72% -

General and administration

General and administration	12 Months Ended
	Dec. 31, 2022
General and administration
General and administration	12. General and administration The Company’s general and administrative expenses incurred for the years ended December 31, 2022 and 2021 are as follows: December 31, 2022 December 31, 2021 $ $ Corporate administration 1,397,608 1,274,192 Nasdaq listing costs 358,314 - Professional fees 440,576 663,722 Salaries and benefits 2,471,626 2,317,718 Depreciation 183,539 183,540 4,851,663 4,439,172

Other income (expenses)

Other income (expenses)	12 Months Ended
	Dec. 31, 2022
Other income (expenses)	13. Other income (expenses) The Company’s other income (expenses) for the years ended December 31, 2022 and 2021 are as follows: December 31, 2022 December 31, 2021 $ $ Fair value change of other liabilities 2,200,312 (517,971 ) Transaction costs related to Offering (Note 9) - (111,715 ) Interest income 82,970 12,577 Foreign exchange (expense) gain (331,966 ) 96,642 1,951,316 (520,467 )

Related party transactions

Related party transactions	12 Months Ended
	Dec. 31, 2022
Related party transactions
Related party transactions	14. Related party transactions Key management personnel compensation Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the Company, directly or indirectly, and also comprise the directors of the Company. The remuneration of directors and other members of key management personnel during the years ended December 31, 2022 and 2021 were as follows: December 31, 2022 December 31, 2021 $ $ Short-term employee benefits 1,986,599 1,743,334 Share-based compensation 684,952 955,146 2,671,551 2,698,480

Commitments and contingencies

Commitments and contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and contingencies
Commitments and contingencies	15. Commitments and contingencies As at December 31, 2022, the Company did not have any right-of-use assets or lease liabilities. The company is, from time to time, involved in legal proceedings of a nature considered normal to its business. The company believes that none of the litigation in which it is currently involved or have been involved with, individually or in the aggregate, is material to its consolidated financial condition or results of operations. 2023 $ Leases 12,980 Consulting agreements 10,371 23,351 The Company is responsible for making certain milestone payments in connection with royalty acquisitions, which become payable on certain royalty revenue or cumulative production thresholds being achieved, as follows: Royalty $ Limpopo (1)(3) 6,571,175 Janet Ivy (1)(4) 2,036,917 Goldlund (1)(5) 886,001 Brits (1)(6) 1,250,000 Bullabulling (2)(7) 678,972 Koolyanobbing (8) 339,486 El Molino (9) 450,000 Uley (1)(10) 149,374 Winston Lake (11) 73,833 Norbec & Millenbach (11) 18,458 12,454,216 (1) The milestone payments may be settled in either cash or common shares of the Company, at the Company’s election. (2) The milestone payments may be settled in cash or ½ cash and ½ common shares of the Company, at the Company’s election (3) Milestone payments include: (i) C$1,500,000 upon cumulative royalty receipts from Limpopo exceeding C$500,000; (ii) C$400,000 upon cumulative royalty receipts from Limpopo exceeding C$1,000,000; and (iii) C$7,000,000 upon cumulative royalty receipts from Limpopo exceeding C$50,000,000. (4) A milestone payment of A$3,000,000 due upon cumulative royalty receipts from Janet Ivy exceeding A$750,000. (5) Milestone payments include: (i) C$700,000 or issue up to a maximum of 258,159 common shares in January 2023, which the Company issued 215,769 common shares on January 24, 2023 to settle this milestone; and (ii) C$500,000 or issue up to a maximum of 184,399 common shares in December 2023. (6) Milestone payments include: (i) $1,000,000 once 210,000t have been mined over a continuous six-month period, and (ii) a further $250,000 once 1,500,000t have been mined over a rolling 3-year time horizon. (7) Milestone payments include: (i) A$500,000 upon the Operator receiving approval of a mining proposal from the West Australian Department of Mines, Industry Regulation and Safety; and (ii) A$500,000 upon the Company receiving first royalty revenue receipt from the Bullabulling project. (8) Milestone payment due upon achievement of cumulative 5Mdmt of ore processed. (9) Milestone payment due upon registration of the El Molino royalty rights on the applicable mining title in Peru and the satisfaction of other customary completion conditions. (10) Milestone payment due upon commencement of commercial production. (11) Milestone payment due upon (i) the exercise of a separate third-party option agreement, (ii) the issuance of the royalty to the previous royalty owner, and (iii) the assignment of the royalty to Vox.

Supplemental cash flow informat

Supplemental cash flow information	12 Months Ended
	Dec. 31, 2022
Supplemental cash flow information	16. Supplemental cash flow information December 31, 2022 December 31, 2021 $ $ Share issuance for royalty acquisition costs 12,456,390 636,851 Warrant issuance for royalty acquisition costs 1,183,086 - Change in accrued dividends 447,583 - Change in accrued deferred royalty acquisitions 69,675 (22,479 )

Segment information

Segment information	12 Months Ended
	Dec. 31, 2022
Segment information
Segment reporting	17. Segment information For the years ended December 31, 2022 and 2021, the Company operated in one reportable segment being the acquisition of royalty interests. December 31, 2022 December 31, 2021 $ $ Australia 5,489,043 3,327,470 Nigeria 2,524,990 92,089 Canada 315,084 - USA 116,311 94,226 Brazil 62,677 83,013 Madagascar - 54,919 Total 8,508,105 3,651,717 The Company has the following non-current assets in eight geographic locations: December 31, 2022 December 31, 2021 $ $ Australia 25,162,805 10,724,623 USA 2,298,515 2,340,748 Canada 1,942,184 933,106 South Africa 1,914,844 764,016 Peru 1,545,609 1,500,000 Cayman Islands 1,355,709 1,541,777 Brazil 637,338 675,358 Nigeria 178,205 687,838 Total 35,035,209 19,167,466

Income taxes

Income taxes	12 Months Ended
	Dec. 31, 2022
Income taxes	18. Income taxes Income tax recognized in net income (loss) and comprehensive income (loss) is comprised of the following: December 31, 2022 December 31, 2021 $ $ Current tax expense 219,406 439,023 Deferred tax expense 1,248,495 1,742,936 Income tax expense 1,467,901 2,181,959 Provision for income taxes The income tax expense differs from the amount that would result from applying the federal and provincial income tax rates to the income (loss) before income taxes due to the following: December 31, 2022 December 31, 2021 $ $ Income (loss) before income taxes 1,796,080 (1,950,060 ) Statutory tax rate 26.5 % 26.5 % Expected income tax expense (recovery) based on statutory rate 476,000 (517,000 ) Adjustment to expected income tax expense (recovery): Foreign tax rate differences 164,000 264,000 Permanent differences 279,000 374,000 Change in benefit of tax assets not recognized 255,000 613,000 Royalty, stream and other interests - 1,624,305 Other 293,901 (176,346 ) Income tax expense 1,467,901 2,181,959 Deferred tax liabilities December 31, 2022 December 31, 2021 $ $ Royalty, stream and other interests (2,991,431 ) (1,742,936 ) Total (2,991,431 ) (1,742,936 ) Unrecognized deferred tax assets As at December 31, 2022, the Company had temporary differences with a tax benefit of $3,847,000 (2021 - $3,693,000) which are not recognized as deferred tax assets. Management believes that it is not probable that sufficient taxable profits will be available in future years to allow the benefit of the following deferred tax assets to be utilized. The following table summarizes the composition of the Company’s deferred tax assets: December 31, 2022 December 31, 2021 $ $ Non-capital losses – Canada 2,889,000 2,209,000 Net-capital losses – Australia 33,000 35,000 Financing costs 925,000 931,000 Other temporary differences - 518,000 Total 3,847,000 3,693,000 The Company had deferred tax liabilities of $583,000, which has been recognized against the deferred tax asset in relation to the non-capital losses for Canada. Unrecognized deferred tax liabilities The aggregate amount of taxable temporary differences associated with investment in subsidiaries, for which deferred tax liabilities have not been recognized as at December 31, 2022 is $5,460,000. No deferred tax liabilities are recognized on the temporary differences associated with investments in subsidiaries because the Company controls the timing of reversal and it is not probable that they will reverse in the foreseeable future. Tax loss carryforwards As at December 31, 2022, the Company has deductible Canadian non-capital tax losses of $5,089,000 related to the Company’s Canadian parent and subsidiary and $nil from the Company’s Australian subsidiary. The Company’s Cayman Island subsidiary has a tax rate of 0%, therefore, the deductible temporary difference has not been disclosed. Canadian non-capital tax losses expire as follows: December 31, 2022 December 31, 2021 $ $ 2038 - 31,000 2039 - 53,000 2040 88,000 581,000 2041 1,833,000 1,544,000 2042 3,168,000 - Total 5,089,000 2,209,000

Financial instruments

Financial instruments	12 Months Ended
	Dec. 31, 2022
Financial instruments
Financial instruments	19. Financial instruments The Company’s risk exposures and the impact on the financial instruments are summarized below. There have been no material changes to the risks, objectives, policies and procedures during the years ended December 31, 2022 and 2021. Credit risk Credit risk is the risk of potential loss to the Company if the counterparty to a financial instrument fails to meet its contractual obligations. The Company's credit risk is primarily attributable to its liquid financial assets including cash and cash equivalents and royalty receivables in the ordinary course of business. In order to mitigate its exposure to credit risk, the Company maintains its cash in high quality financial institutions and closely monitors its royalty receivable balances. The Company’s royalty receivables are subject to the credit risk of the counterparties who own and operate the mines underlying Vox’s royalty and streaming portfolio. Liquidity risk Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they come due. The Company’s approach to managing liquidity is to ensure it will have sufficient liquidity to meet liabilities when due. In managing liquidity risk, the Company takes into account anticipated cash flows from operations and holding of cash and cash equivalents. As at December 31, 2022, the Company had cash and cash equivalents of $4,174,654 (December 31, 2021 - $5,064,802) and working capital of $3,795,951 (December 31, 2021 - $6,209,207). Currency risk Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. Financial instruments that impact the Company’s net income due to currency fluctuations include cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities, income taxes payable and other liabilities denominated in Canadian and Australian dollars. Based on the Company’s Canadian and Australian denominated monetary assets and liabilities at December 31, 2022, a 10% increase (decrease) of the value of the Canadian and Australian dollar relative to the United States dollar would increase (decrease) net income (loss) and other comprehensive income (loss) by $380,000. Interest rate risk The Company has cash balances with rates that fluctuate with the prevailing market rate. The Company’s current policy is to invest excess cash in cash accounts or short-term interest-bearing securities issued by chartered banks. The Company periodically monitors the investments it makes and is satisfied with the credit ratings of its banks. The Company does not use any derivative instrument to reduce its exposure to interest rate risk. Commodity and share price risk The Company’s royalties are subject to fluctuations from changes in market prices of the underlying commodities. The market prices of precious and base metals are the primary drivers of the Company’s profitability and ability to generate free cash flow. All of the Company’s future revenue is not hedged in order to provide shareholders with full exposure to changes in the market prices of these commodities. The Company’s financial results may be significantly affected by a decline in the price of precious, base and/or ferrous metals. The price of precious and base metals can fluctuate widely, and is affected by numerous factors beyond the Company’s control. Fair value of financial instruments The carrying amounts for cash and cash equivalents, accounts receivables, accounts payable and accrued liabilities, and income tax liabilities on the consolidated statements of financial position approximate fair value because of the limited term of these instruments. The Company classifies fair value measurements using a fair value hierarchy that reflects the significance of the inputs used in making the measurements. The fair value hierarchy has the following levels: - Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities; - Level 2 - Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices); and - Level 3 - Inputs for the asset or liability that are not based on observable market data (unobservable inputs). As at December 31, 2022 and 2021, the Company does not have any financial instruments measured at fair value after initial recognition, except for investments, which are estimated using Level 1 inputs, and other liabilities, which are estimated using Level 3 inputs. The following table provides information about financial assets and liabilities measured at fair value in the consolidated statements of financial position and categorized by level according to the significance of the inputs used in making the measurements. As at December 31, 2022: Level 1 Level 2 Level 3 Total $ $ $ $ Other liabilities - - (601,715 ) (601,715 ) - - (601,715 ) (601,715 ) As at December 31, 2021: Level 1 Level 2 Level 3 Total $ $ $ $ Investments 2,150,499 - - 2,150,499 Other liabilities - - (3,327,672 ) (3,327,672 ) 2,150,499 - (3,327,672 ) (1,177,173 ) Level 3 Hierarchy The following table presents the changes in fair value measurements of financial instruments classified as Level 3 as at December 31, 2022 and 2021. These financial instruments are measured at fair value utilizing non-observable market inputs. The gains and losses are recognized in the consolidated statements of oncome (loss) and comprehensive income (loss). December 31, 2022 December 31, 2021 $ $ Balance, beginning of year 3,327,672 1,042,642 Issuance of Offering warrants (Note 11) - 1,372,247 Change in valuation of financing warrants (Note 11) (2,200,312 ) 517,971 Share-based compensation expense on PSUs (Note 11) (525,645 ) 394,812 601,715 3,327,672 Capital management The Company’s primary objective when managing capital is to maximize returns for its shareholders by growing its asset base through accretive acquisitions of royalties, streams and other interests, while optimizing its capital structure by balancing debt and equity. As at December 31, 2022, the capital structure of the Company consists of $35,414,448 (December 31, 2021 - $20,709,675) of total equity, consisting of share capital, equity reserves, and deficit. The Company was not subject to any externally imposed capital requirements.

Subsequent events

Subsequent events	12 Months Ended
	Dec. 31, 2022
Subsequent events
Subsequent events	20. Subsequent events On January 24, 2023, the Company issued 215,769 common shares relating to the second milestone payment in connection with the Goldlund royalty. On March 13, 2023, the Board of Directors of the Company declared a quarterly dividend of $0.011 per common share payable on April 14, 2023 to shareholders of record as of the close of business on March 31, 2023. Subsequent to December 31, 2022, the Company issued 98,750 common shares related to the exercise of 98,750 RSUs.

Significant accounting polici_2

Significant accounting policies(Policies)	12 Months Ended
	Dec. 31, 2022
Significant accounting policies
Statement of compliance	These consolidated financial statements, including comparatives, have been prepared in accordance with International Financial Reporting Standards (“ IFRS IASB
Basis of preparation	These consolidated financial statements have been prepared on a historical cost basis, except for financial instruments, which have been measured at fair value. The consolidated financial statements are presented in United States dollars (“ $
Principles of consolidation	These consolidated financial statements incorporate the accounts of the Company and its three wholly-owned subsidiaries, SilverStream SEZC (Cayman Islands), Vox Royalty Australia Pty Ltd. (Australia) and Vox Royalty Canada Ltd. (Ontario, Canada). Subsidiaries are fully consolidated from the date the Company obtains control and continue to be consolidated until the date that control ceases. Control is achieved when the Company is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. All intercompany balances, transactions, revenues and expenses have been eliminated on consolidation.
Foreign currency translation	In preparing the consolidated financial statements of the Company, transactions in currencies other than the functional currency, are recognized at the rates of exchange prevailing at the dates of the transactions. At the end of each reporting period, monetary items denominated in foreign currencies are retranslated at the rates prevailing at that date. All foreign exchange gains and losses resulting from the settlement of such transactions and from the translation of monetary assets and liabilities denominated in foreign currencies at the period end foreign exchange rates are recognized in the consolidated statements of income (loss) and comprehensive income (loss). Non-monetary items that are measured in terms of historical cost in a foreign currency are not retranslated.
Provisions	Provisions are recorded when the Company has a present legal or constructive obligation as a result of past events, where it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate of the amount of the obligation can be estimated. If the effect is material, provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and, where appropriate, the risks specific to the liability. The Company had no significant provisions as at December 31, 2022 and 2021.
Royalty, stream and other interests	Royalty, stream and other interests consist of acquired royalty interests and stream metal purchase agreements. These interests are recorded at cost and capitalized as tangible assets with finite lives. They are subsequently measured at cost less accumulated depletion and accumulated impairment losses, if any. Project evaluation expenditures are recorded in the consolidated statements of income (loss) and comprehensive income (loss) when management determines to not proceed with the proposed acquisition of a royalty. The major categories of the Company’s interests are producing, advanced and exploration stage. Producing assets are those that have generated revenue from steady-state operations for the Company or are expected to in the next year. Advanced assets are interests on projects that are not yet producing, but where in management's view, the technical feasibility and commercial viability of extracting a mineral resource are demonstrable. Interests for producing and advanced assets are recorded at cost and capitalized in accordance with IAS 16, Property, Plant and Equipment. Exploration Evaluation of Mineral Resources Producing mineral royalty and stream interests are depleted using the units-of-production method over the life of the property to which the interest relates. The life of the property is estimated using life of mine models specifically associated with the mineral royalty or stream properties which include proven and probable reserves and may include a portion of resources expected to be converted into reserves. Where life of mine models are not available, the Company uses publicly available statements of reserves and resources for the mineral royalty or stream properties to estimate the life of the property and portion of resources that the Company expects to be converted into reserves. Where life of mine models and publicly available reserve and resource statements are not available, depletion is based on the Company’s best estimate of the ounces to be produced and delivered under the contract. The Company relies on information available to it under contracts with operators and/or public disclosures for information on reserves and resources from the operators of the producing mineral and stream interests. If the cost of a royalty, stream or other interest includes contingent consideration, the contingent consideration is capitalized as part of the cost of the interest when the underlying obligating event has occurred.
Impairment of royalty, stream and other interests	Royalty, stream and other interests are reviewed for impairment at each reporting date, or whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairment is assessed at the level of cash-generating units (“ CGUs Impairment of Assets An impairment loss is recognized for the amount by which the asset’s carrying value exceeds its recoverable amount, which is the higher of fair value less costs of disposal and value-in-use. The future cash flow expected is derived using estimates of proven and probable reserves, a portion of resources that is expected to be converted into reserves and information regarding the mineral, respectively that could affect the future recoverability of the Company’s interests. Discount factors are determined individually for each asset and reflect their respective risk profiles. In certain circumstances, the Company may use a market approach in determining the recoverable amount which may include an estimate of (i) net present value of estimated future cash flows; (ii) dollar value per ounce or pound of reserve/resource; (iii) cash-flow multiples; and/or (iv) market capitalization of comparable assets. Impairment losses are charged to the mineral interest and are subsequently reassessed for indications that an impairment loss previously recognized may no longer exist. An impairment charge is reversed if the conditions that gave rise to the recognition of an impairment loss are subsequently reversed and the interest’s recoverable amount exceeds its carrying amount. Impairment losses can be reversed only to the extent that the recoverable amount does not exceed the carrying value that would have been determined had no impairment been recognized previously.
Intangible assets	Intangible assets are measured on initial recognition at cost, which comprises their purchase price plus any directly attributable costs of preparing the asset for its intended use. Following initial recognition, intangible assets are carried at cost less any accumulated amortization and accumulated impairment losses. Amortization is provided on a straight-line basis over 10 years. The asset’s residual values, useful lives and methods of amortization are reviewed at each reporting period and adjusted prospectively, if appropriate.
Revenue recognition	Revenue comprises revenues directly earned from royalty, stream and other similar interests. Revenue is measured at the fair value of the consideration received or receivable for the receipt of mineral royalties in the ordinary course of the Company’s activities. For royalty interests, the commodities are sold by the mine operator to its customers under contracts that are established for the mining property on which the royalty interest is held. The Company recognizes revenue from these sales when control over the commodity transfers from the mine operator to its customer. The transfer of control occurs when the mine operator delivers the commodity to the customer, and at that point, the risk and rewards of ownership transfer to the customer and the Company has an unconditional right to payment under the royalty agreement. Revenue from the royalty arrangement is measured at the transaction price agreed in the royalty arrangement with the operator of each mining property. The transaction price is typically the percentage of gross revenues associated with the commodity sold less contractually allowable costs, if any, per the terms of the royalty arrangement. In some instances, the Company will not have access to sufficient information to make a reasonable estimate of revenue and, accordingly, revenue recognition is deferred until management can make a reasonable estimate. Differences between estimates and actual amounts are adjusted and recorded in the period that the actual amounts are known.
Share capital	Common shares are classified as equity. Incremental costs directly attributable to the issuance of shares are recognized as a deduction from the proceeds in equity in the period where the transaction occurs. The fair value of common shares issued for goods and services is based on the fair value of the goods or services received unless the fair value cannot be readily determined. If the fair value cannot be readily determined, the Company uses the market closing price on the date the shares are issued, while the fair value of share purchase warrants is estimated using the quoted market price or, if the warrants are not traded, using the Black-Scholes model (“ BSM
Share-based compensation	The Company recognizes share-based compensation expense for share purchase options, restricted share units (“ RSU PSU Share purchase options The fair value of share purchase options is determined using the BSM, with market related inputs as of the grant date. The BSM requires management to estimate the expected volatility, expected term, risk-free rate of return over the term, expected dividends, and the number of equity instruments expected to ultimately vest. Volatility is estimated using the historic stock price of the Company and similar listed entities, the expected term is estimated using historical exercise data of the Company and similar listed entities, and the number of equity instruments expected to vest is estimated using historical forfeiture data. The fair values of share purchase options at the date of grant are expensed over the vesting periods with a corresponding increase to equity. Share purchase options with graded vesting schedules are accounted for as separate grants with different vesting periods and fair values. Restricted share units The fair value of RSUs is determined by the market value of the underlying shares at the date of the grant. Under the Company’s RSU Plan, the Board of Directors has the discretion to settle the vested RSUs in cash or equity. As the Company does not have a present obligation to settle the issued RSUs in cash, the RSUs issued have been treated as equity-settled instruments. The fair values of RSUs at the date of grant are expensed over the vesting periods with a corresponding increase to equity. At the end of each reporting period, the Company re-assesses its estimates of the number of awards that are expected to vest and recognizes the impact of any revisions to this estimate in equity. Performance share units The fair value of PSUs is determined by the market value of the underlying shares at the date of the grant. Under the Company’s PSU Plan, the Board of Directors has the discretion to settle the vested PSUs in cash or equity. The fair values of PSUs at the date of grant are expensed over the vesting periods with a corresponding increase to other liabilities, as the number of common shares to be settled is not fixed. At the end of each reporting period, the Company re-assesses its estimates of the number of awards that are expected to vest and recognizes the impact of any revisions to this estimate in other liabilities.
Cash and cash equivalents	Cash and cash equivalents consist of bank balances and short-term deposits with a remaining maturity at the date of acquisition of three months or less held in chartered banks. The Company did not have any cash equivalents as at December 31, 2022 and 2021.
Basic and diluted income per share	The Company presents basic and diluted earnings or loss per share (“ EPS Diluted EPS is determined by adjusting the earnings or loss and the weighted average number of common shares outstanding, adjusted for shares held in escrow that are subject to contingent release based on conditions other than the passage of time and for the effects of all dilutive potential common shares, which comprise share options granted, RSUs granted, PSUs granted and warrants. Potential common shares that are considered anti-dilutive are excluded from the calculation of diluted income per share.
Income taxes	Current income tax assets and liabilities are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used are those that are substantively enacted at the reporting date. Deferred income taxes are provided using the liability method on temporary differences at the reporting date between the tax bases of assets and liabilities and their carrying amounts for accounting. The change in the net deferred income tax asset or liability is included in income, except for deferred income tax relating to equity items which are recognized directly in equity. The income tax effects of differences in the periods when revenue and expenses are recognized in accordance with the Company’s accounting practices, and the periods they are recognized for income tax purposes are reflected as deferred income tax assets or liabilities. Deferred income tax assets and liabilities are measured using the substantively enacted statutory income tax rates that are expected to apply to taxable income in the years in which the assets are realized or the liabilities settled. A deferred tax asset is recognized for unused tax losses, tax credits and deductible temporary differences to the extent that it is probable that future taxable profits will be available for utilization. Temporary differences arising on the initial recognition of assets or liabilities that affect neither accounting nor taxable profit are not recognized. Deferred income tax assets and liabilities are offset only if a legally enforceable right exists to offset current tax assets against liabilities and the deferred tax assets and liabilities relate to income taxes levied by the same taxation authority on the same taxable entity and are intended to be settled on a net basis. The determination of current and deferred taxes requires interpretations of tax legislation, estimates of expected timing of reversal of deferred tax assets and liabilities, and estimates of future earnings.
Other liabilities - warrants	The Company’s functional currency is the United States dollar. As the warrant exercise prices are denominated in Canadian dollars, the warrants are recorded as other liabilities and measured at fair value using the BSM, with changes in fair value from period to period recorded as a gain or loss in the consolidated statements of income (loss) and comprehensive income (loss).
Financial instruments	Financial assets and financial liabilities are recognized on the Company’s consolidated statements of financial position when the Company has become a party to the contractual provisions of the instrument. Financial assets are derecognized when the rights to receive cash flows from the assets have expired or have been transferred and the Company has transferred substantially all risks and rewards of ownership. Financial assets: Initial recognition and measurement Non-derivative financial assets within the scope of IFRS 9, Financial Instruments FVPL FVOCI All financial assets are recognized initially at fair value plus, in the case of financial assets not at FVPL, directly attributable transaction costs on the trade date at which the Company becomes a party to the contractual provisions of the instrument. Subsequent measurement – financial assets at amortized cost After initial recognition, financial assets measured at amortized cost are subsequently measured at the end of each reporting period at amortized cost using the effective interest rate (“ EIR Subsequent measurement – financial assets at FVPL Financial assets measured at FVPL include financial assets management intends to sell in the short term and any derivative financial instrument that is not designated as a hedging instrument in a hedge relationship. Financial assets measured at FVPL are carried at fair value in the consolidated statements of financial position with changes in fair value recognized in other income or expense in the consolidated statements of income (loss) and comprehensive income (loss). The Company measures investments at FVPL. Subsequent measurement – financial assets at FVOCI Financial assets measured at FVOCI are non-derivative financial assets that are not held for trading and the Company has made an irrevocable election at the time of initial recognition to measure the assets at FVOCI. The Company does not measure any financial assets at FVOCI. After initial measurement, investments measured at FVOCI are subsequently measured at fair value with unrealized gains or losses recognized in other comprehensive income or loss in the consolidated statements of income (loss) and comprehensive income (loss). When the investment is sold, the cumulative gain or loss is not reclassified to profit or loss. Dividends from such investments are recognized in other income in the consolidated statements of income (loss) and comprehensive income (loss) when the right to receive payments is established. Derecognition A financial asset is derecognized when the contractual rights to the cash flows from the asset expire, or the Company no longer retains substantially all the risks and rewards of ownership. Financial liabilities: Initial recognition and measurement Financial liabilities are measured at amortized cost, unless they are required to be measured at FVPL as is the case for held for trading or derivative instruments, or the Company has opted to measure the financial liability at FVPL. The Company’s financial liabilities include accounts payable and accrued liabilities, which are each measured at amortized cost. The Company’s other liabilities are measured at FVPL. All financial liabilities are recognized initially at fair value. Subsequent measurement – financial liabilities at amortized cost After initial recognition, financial liabilities measured at amortized cost are subsequently measured at the end of each reporting period at amortized cost using the EIR method. Amortized cost is calculated by taking into account any discount or premium on acquisition and any fees or costs that are an integral part of the EIR. The EIR amortization is included in other expenses in the consolidated statements of income (loss) and comprehensive income (loss). Subsequent measurement – financial liabilities at FVPL Financial liabilities measured at FVPL include any derivative financial instrument that is not designated as a hedging instrument in a hedge relationship. Financial liabilities measured at FVPL are carried at fair value in the consolidated statements of financial position with changed in fair value recognized in other income or expense in the consolidated statements of income (loss) and comprehensive income (loss). The Company measures other liabilities as financial liability at FVPL. Derecognition A financial liability is derecognized when the obligation under the liability is discharged, cancelled or expires with any associated gain or loss recognized in other income or expense in the consolidated statements of income (loss) and comprehensive income (loss).
Impairment	(q) Impairment Financial assets The Company recognizes loss allowances for expected credit losses (‘‘ ECLs The Company applies the simplified approach permitted by IFRS 9 for receivables, which requires lifetime ECLs to be recognized from initial recognition of the receivables. Loss allowances for financial assets measured at amortized cost are deducted from the gross carrying amount of the assets. In order to measure the ECLs, receivables have been grouped based on shared credit risk characteristics and the days past due. Receivables are written off where there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, among others, the failure of a debtor to engage in a repayment plan with the group, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on receivables are presented as net impairment losses within operating income. Subsequent recoveries of amounts previously written off are credited against the same line item. Non-financial assets The carrying amount of the Company’s long-lived non-financial assets, including royalty, stream and other interests and intangible assets are reviewed at each reporting date to determine whether there are events or changes in circumstances that indicate an impairment. If any such indication exists, then the asset’s recoverable amount is estimated. The recoverable amount of an asset or CGU is the greater of its estimated value in use and its fair value less costs to sell. In estimating value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. For the purpose of impairment testing, assets that cannot be tested individually are grouped together into the smallest group of assets that generate cash inflows from continuing use that are largely independent of the cash flows of other assets or groups of assets. This is usually at the individual royalty, stream and other interests level for each property from which independent cash flows are generated. An impairment loss is recognized if the carrying amount of an asset or its CGU exceeds its estimated recoverable amount. Impairment losses are recognized in profit or loss. Impairment losses recognized in respect of CGUs are allocated to reduce the carrying amount of the assets in the unit (group of units) on a pro rata basis. Impairment losses recognized in prior periods are assessed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss is reversed if there has been a change in estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation, if no impairment loss had been recognized. Losses are recognized in profit or loss. When a subsequent event causes the amount of impairment loss to decrease, the decrease in impairment loss is reversed through profit or loss.
Segment reporting	An operating segment is a component of the Company that engages in business activities from which it may earn revenues and incur expenses. The Company’s operating segments are components of the Company’s business for which discrete financial information is available and that are reviewed regularly by the Company’s Chief Executive Officer to make decisions about resources to be allocated to the segment and assess its performance. For the years ended December 31, 2022 and 2021, the Company operated in one reportable segment being the acquisition of royalty interests.
Recent accounting pronouncements	Certain pronouncements were issued by the IASB or the International Financial Reporting Interpretations Committee that are mandatory for accounting periods commencing on or after January 1, 2023. Many are not applicable or do not have a significant impact to the Company and have been excluded. The following have not yet been adopted and are being evaluated to determine their impact on the Company. Amendments to IAS 12 – Income Taxes – Deferred Tax related to Assets and Liabilities arising from a Single Transaction Effective on January 1, 2023, the amendments remove the exemption for deferred tax arising on transactions that, on initial recognition, give rise to equal amounts of taxable and deductible temporary differences. This standard is not expected to have a material impact on the Company’s current or future reporting periods. Amendments to IAS 8 – Definition of Accounting Estimates Effective on January 1, 2023, the amendments clarify how companies should distinguish changes in accounting policies from changes in accounting estimates. This standard is not expected to have a material impact on the Company’s current or future reporting periods. Amendments to IAS 1 – Classification of Liabilities as Current or Non-current Effective on January 1, 2024, the amendments clarify how conditions with which an entity must comply within 12 months after the reporting period affect the classification of a liability.

Accounts receivable (Tables)

Accounts receivable (Tables)	12 Months Ended
	Dec. 31, 2022
Accounts receivable
Receivables	December 31, 2022 December 31, 2021 $ $ Royalties receivable 1,921,670 545,494 Sales tax recoverable 78,392 - 2,000,062 545,494

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2022
Investments
Schedule of Investments	Issuer Security Description Cost Estimated Fair Value % of Fair value $ $ BK Gold Mines Pty Ltd. 7,330,000 common shares 1,123,440 - 0 % MCC Canadian Gold Ventures Inc. 40 common shares - - 0 % Total 1,123,440 - 0 % Issuer Security Description Cost Estimated Fair Value % of Fair value $ $ Electric Royalties Ltd. 7,270,408 common shares 2,299,500 2,150,499 100 % BK Gold Mines Pty Ltd. 7,330,000 common shares 1,123,440 - 0 % MCC Canadian Gold Ventures Inc. 40 common shares - - 0 % Total 3,422,940 2,150,499 100 %

Royalty, stream and other int_2

Royalty, stream and other interests (Tables)	12 Months Ended
	Dec. 31, 2022
Schedule of Royalty, stream and other interests	Cost Accumulated Depletion Royalty Country Opening Additions Disposal Ending Opening Depletion Disposal Ending Carrying Amount $ $ $ $ $ $ $ $ $ Wonmunna Australia - 14,527,467 - 14,527,467 - (830,176) - (830,176) 13,697,291 Janet Ivy Australia 2,494,285 - - 2,494,285 (29,633) - - (29,633) 2,464,652 Koolyanobbing Australia 2,487,741 161,997 - 2,649,738 (797,157) (401,086) - (1,198,243) 1,451,495 South Railroad USA 2,316,757 - - 2,316,757 (37,581) (42,233) - (79,814) 2,236,943 Limpopo South Africa - 1,150,828 - 1,150,828 - - - - 1,150,828 Bowdens Australia 1,130,068 - - 1,130,068 - - - - 1,130,068 Bullabulling Australia 953,349 - - 953,349 - - - - 953,349 Brits South Africa 764,016 - - 764,016 - - - - 764,016 Otto Bore Australia 583,612 - - 583,612 - - - - 583,612 Segilola Nigeria 706,425 - - 706,425 (18,587) (509,633) - (528,220) 178,205 Lynn Lake (MacLellan) Canada 873,088 - - 873,088 - - - - 873,088 Bulong Australia 544,957 - - 544,957 - - - - 544,957 Dry Creek Australia 475,723 - - 475,723 (70,767) (22,870) - (93,637) 382,086 Sulfur Springs/ Kangaroo Caves Australia 467,983 - - 467,983 - - - - 467,983 Pedra Branca Brazil 450,131 - - 450,131 - - - - 450,131 Ashburton Australia 355,940 - - 355,940 - - - - 355,940 Anthiby Well Australia 311,742 - - 311,742 - - - - 311,742 Cardinia Australia - 302,850 - 302,850 - - - - 302,850 Brauna Brazil 262,328 - - 262,328 (37,101) (38,020) - (75,121) 187,207 Montanore USA 61,572 - - 61,572 - - - - 61,572 Mt Ida Australia 210,701 - - 210,701 - - - - 210,701 Other Australia 1,606,079 - - 1,606,079 - - - - 1,606,079 Other Peru 1,500,000 45,609 - 1,545,609 - - - - 1,545,609 Other Canada 60,018 890,146 - 950,164 - - - - 950,164 Total 18,616,515 17,078,897 - 35,695,412 (990,826) (1,844,018) - (2,834,844) 32,860,568 Cost Accumulated Depletion Royalty Country Opening Additions Disposal Ending Opening Depletion Disposal Ending Carrying Amount $ $ $ $ $ $ $ $ $ Janet Ivy Australia - 2,494,285 - 2,494,285 - (29,633) - (29,633) 2,464,652 Koolyanobbing Australia 1,130,010 1,357,731 - 2,487,741 - (797,157) - (797,157) 1,690,584 South Railroad USA - 2,316,757 - 2,316,757 - (37,581) - (37,581) 2,279,176 Bowdens Australia 1,130,068 - - 1,130,068 - - - - 1,130,068 Bullabulling Australia - 953,349 - 953,349 - - - - 953,349 Brits South Africa 764,016 - - 764,016 - - - - 764,016 Otto Bore Australia - 583,612 - 583,612 - - - - 583,612 Segilola Nigeria 706,425 - - 706,425 - (18,587) - (18,587) 687,838 Lynn Lake (MacLellan) Canada - 873,088 - 873,088 - - - - 873,088 Bulong Australia 544,957 - - 544,957 - - - - 544,957 Dry Creek Australia 475,723 - - 475,723 (9,338) (61,429) - (70,767) 404,956 Sulfur Springs/ Kangaroo Caves Australia 467,983 - - 467,983 - - - - 467,983 Pedra Branca Brazil 450,131 - - 450,131 - - - - 450,131 Ashburton Australia 355,940 - - 355,940 - - - - 355,940 Anthiby Well Australia 311,742 - - 311,742 - - - - 311,742 Brauna Brazil 262,328 - - 262,328 (11,498) (25,603) - (37,101) 225,227 Montanore USA - 61,572 - 61,572 - - - - 61,572 Mt Ida Australia 210,701 - - 210,701 - - - - 210,701 Graphmada Madagascar 188,437 - (188,437) - - (2,602) 2,602 - - Other Australia 1,386,276 302,758 (82,955) 1,606,079 - - - - 1,606,079 Other Peru 500,000 1,000,000 - 1,500,000 - - - - 1,500,000 Other Canada - 60,018 - 60,018 - - - - 60,018 Total 8,884,737 10,003,170 (271,392) 18,616,515 (20,836) (972,592) 2,602 (990,826) 17,625,689
Schedule of Royalty, stream and other interests carrying amounts	December 31, 2022 December 31, 2021 $ $ Australia 24,462,805 10,724,623 USA 2,298,515 2,340,748 South Africa 1,914,844 764,016 Nigeria 178,205 687,838 Brazil 637,338 675,358 Canada 1,823,252 933,106 Peru 1,545,609 1,500,000 32,860,568 17,625,689

Intangible assets (Tables)

Intangible assets (Tables)	12 Months Ended
	Dec. 31, 2022
Intangible assets
Schedule of Intangible assets	Database $ Cost at: December 31, 2020 1,837,500 December 31, 2021 1,837,500 December 31, 2022 1,837,500 Accumulated amortization at: December 31, 2020 114,712 Additions 183,540 December 31, 2021 298,252 Additions 183,539 December 31, 2022 481,791 Net book value at: December 31, 2021 1,539,248 December 31, 2022 1,355,709

Accounts payable and accrued _2

Accounts payable and accrued liabilities (Tables)	12 Months Ended
	Dec. 31, 2022
Accounts payable and accrued liabilities
Schedule of Accounts payable and accrued liabilities	December 31, 2022 December 31, 2021 $ $ Trade payable 448,206 196,198 Sales tax payable 345,036 150,832 Accrued liabilities 972,889 782,777 1,766,131 1,129,807

Share capital and additional _2

Share capital and additional paid-in capital (Tables)	12 Months Ended
	Dec. 31, 2022
Share capital and additional paid-in capital
Schedule of summarizes the common shares issued and outstanding	December 31, 2022 December 31, 2021 $ $ Issued: 44,758,269 57,020,116 43,648,023

Equity reserves (Tables)

Equity reserves (Tables)	12 Months Ended
	Dec. 31, 2022
Equity reserves
Schedule of Schedule of warrant activity	2022 2021 Number Weighted average exercise price Number Weighted average exercise price # C$ # C$ Outstanding, beginning of year 251,762 3.00 272,341 3.00 Granted 3,600,000 4.50 - - Exercised (226,234 ) 3.00 (20,579 ) 3.00 Expired (25,528 ) 3.00 - - Outstanding, end of year 3,600,000 4.50 251,762 3.00 Exercisable, end of year 3,600,000 4.50 251,762 3.00
Schedule of summarizes information of warrants outstanding and exercisable	Expiry date Number of warrants outstanding Exercise price Weighted average remaining contractual life # C$ Years March 25, 2024 3,600,000 4.50 1.23 3,600,000 4.50 1.23
Schedule of fair value of Warrants options issued	December 31, 2022 December 31, 2021 Expected stock price volatility 46 % N/A Risk-free interest rate 2.53 % N/A Expected life 1.83 years N/A Grant date share price $ 2.41 N/A Expected forfeiture rate - N/A Expected dividend yield - N/A
Schedule ofstock option activity	2022 2021 Number Weighted average exercise price Number Weighted average exercise price # C$ # $ Outstanding, beginning of year 799,826 3.25 6,000 3.50 Granted 804,158 4.16 819,826 3.27 Expired - - (26,000 ) 3.88 Outstanding, end of year 1,603,984 3.71 799,826 3.25 Exercisable, end of year 800,907 3.48 199,957 3.25
Schedule of summarizes information of stock options outstanding	Options Outstanding Options Exercisable Expiry date Exercise price Number of options outstanding Weighted average remaining contractual life Number of options exercisable Weighted average remaining contractual life C$ # Years # Years June 30, 2026 3.25 799,826 3.50 599,871 3.50 March 9, 2027 4.16 804,158 4.19 201,040 4.19 1,603,984 3.84 800,911 3.67
Schedule of fair value of stock options issued	December 31, 2022 December 31, 2021 Expected stock price volatility 35 % 36 % Risk-free interest rate 1.65 % 0.96 % Expected life 5 years 4.91 years Grant date share price $ 3.09 $ 1.97 Expected forfeiture rate - - Expected dividend yield - -
Schedule of summarizes the RSU activity	2022 2021 Number Weighted average fair value Number Weighted average fair value # $ # $ Outstanding, beginning of year 581,696 2.13 2,124,906 2.04 Granted 263,548 3.01 292,842 2.16 Exercised (230,200 ) 2.13 (1,836,052 ) 2.03 Outstanding, end of year 615,044 2.56 581,696 2.13 Vested, end of year 205,775 2.37 36,403 2.14

Other liabilities (Tables)

Other liabilities (Tables)	12 Months Ended
	Dec. 31, 2022
Other liabilities
Schedule of other liabilities balance	December 31, 2022 December 31, 2021 $ $ Warrants 445,216 2,645,528 PSUs 156,499 682,144 601,715 3,327,672 Less: current portion 176,434 403,610 Non-current portion 425,281 2,924,062
Schedule of warrant activity	2022 2021 Number Weighted average exercise price Number Weighted average exercise price # C$ # C$ Outstanding, beginning of year 5,097,550 4.50 2,289,667 4.50 Granted - - 2,807,883 4.50 Outstanding, end of year 5,097,550 4.50 5,097,550 4.50 Exercisable, end of year 5,097,550 4.50 5,097,550 4.50
Schedule of warrants outstanding and exercisable	Expiry date Number of warrants outstanding Exercise price Weighted average remaining contractual life # C$ Years May 14, 2023 2,289,667 4.50 0.37 March 25, 2024 2,807,883 4.50 1.23 5,097,550 4.50 0.84
Schedule of grant date fair value of warrants	December 31, 2022 December 31, 2021 Expected stock price volatility 37 % 51 % Risk-free interest rate 4.07 % 0.91 % Expected life 0.84 years 1.84 years Grant date share price $ 2.28 $ 2.74 Expected dividend yield 1.72 % -
Schedule of PSU activity	2022 2021 Number Weighted average fair value Number Weighted average fair value # $ # $ Outstanding, beginning of year 787,584 1.36 648,246 1.36 Granted 107,582 0.23 139,338 1.36 Outstanding, end of year 895,166 0.23 787,584 1.36 Vested, end of year - - - -
Schedule of grant date fair value of PSUs	December 31, 2022 December 31, 2021 Expected stock price volatility 38 % 51 % Risk-free interest rate 4.41 % 0.95 % Expected life 0.77 years 0.95 years Grant date share price C$ 3.14 C$ 3.48 Expected dividend yield 1.72% -

General and administration (Tab

General and administration (Tables)	12 Months Ended
	Dec. 31, 2022
General and administration
Schedule of general and administrative expenses incurred	December 31, 2022 December 31, 2021 $ $ Corporate administration 1,397,608 1,274,192 Nasdaq listing costs 358,314 - Professional fees 440,576 663,722 Salaries and benefits 2,471,626 2,317,718 Depreciation 183,539 183,540 4,851,663 4,439,172

Other income (expenses) (Tables

Other income (expenses) (Tables)	12 Months Ended
	Dec. 31, 2022
Schedule of other income (expenses)	December 31, 2022 December 31, 2021 $ $ Fair value change of other liabilities 2,200,312 (517,971 ) Transaction costs related to Offering (Note 9) - (111,715 ) Interest income 82,970 12,577 Foreign exchange (expense) gain (331,966 ) 96,642 1,951,316 (520,467 )

Related party transactions (Tab

Related party transactions (Tables)	12 Months Ended
	Dec. 31, 2022
Related party transactions
Summary of remuneration of directors and other members of key management personnel	December 31, 2022 December 31, 2021 $ $ Short-term employee benefits 1,986,599 1,743,334 Share-based compensation 684,952 955,146 2,671,551 2,698,480

Commitments and contingencies (

Commitments and contingencies (Tables)	12 Months Ended
	Dec. 31, 2022
Commitments and contingencies
Schedule of minimum annual lease payments for its premises	2023 $ Leases 12,980 Consulting agreements 10,371 23,351
Schedule of royalty acquisitions	Royalty $ Limpopo (1)(3) 6,571,175 Janet Ivy (1)(4) 2,036,917 Goldlund (1)(5) 886,001 Brits (1)(6) 1,250,000 Bullabulling (2)(7) 678,972 Koolyanobbing (8) 339,486 El Molino (9) 450,000 Uley (1)(10) 149,374 Winston Lake (11) 73,833 Norbec & Millenbach (11) 18,458 12,454,216

Supplemental cash flow inform_2

Supplemental cash flow information (Tables)	12 Months Ended
	Dec. 31, 2022
Summary of remuneration of directors and the senior management team	December 31, 2022 December 31, 2021 $ $ Share issuance for royalty acquisition costs 12,456,390 636,851 Warrant issuance for royalty acquisition costs 1,183,086 - Change in accrued dividends 447,583 - Change in accrued deferred royalty acquisitions 69,675 (22,479 )

Segment information (Tables)

Segment information (Tables)	12 Months Ended
	Dec. 31, 2022
Segment information
Schedule of royalty revenues generated from each geographic location	December 31, 2022 December 31, 2021 $ $ Australia 5,489,043 3,327,470 Nigeria 2,524,990 92,089 Canada 315,084 - USA 116,311 94,226 Brazil 62,677 83,013 Madagascar - 54,919 Total 8,508,105 3,651,717
Schedule of non-current assets in eight geographic locations	December 31, 2022 December 31, 2021 $ $ Australia 25,162,805 10,724,623 USA 2,298,515 2,340,748 Canada 1,942,184 933,106 South Africa 1,914,844 764,016 Peru 1,545,609 1,500,000 Cayman Islands 1,355,709 1,541,777 Brazil 637,338 675,358 Nigeria 178,205 687,838 Total 35,035,209 19,167,466

Income taxes (Tables)

Income taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Summary of net income (loss) and comprehensive income	December 31, 2022 December 31, 2021 $ $ Current tax expense 219,406 439,023 Deferred tax expense 1,248,495 1,742,936 Income tax expense 1,467,901 2,181,959
Summary of Provision for income taxes	December 31, 2022 December 31, 2021 $ $ Income (loss) before income taxes 1,796,080 (1,950,060 ) Statutory tax rate 26.5 % 26.5 % Expected income tax expense (recovery) based on statutory rate 476,000 (517,000 ) Adjustment to expected income tax expense (recovery): Foreign tax rate differences 164,000 264,000 Permanent differences 279,000 374,000 Change in benefit of tax assets not recognized 255,000 613,000 Royalty, stream and other interests - 1,624,305 Other 293,901 (176,346 ) Income tax expense 1,467,901 2,181,959
Summary of Deferred tax liabilities	December 31, 2022 December 31, 2021 $ $ Royalty, stream and other interests (2,991,431 ) (1,742,936 ) Total (2,991,431 ) (1,742,936 )
Summary of Unrecognized deferred tax assets	December 31, 2022 December 31, 2021 $ $ Non-capital losses – Canada 2,889,000 2,209,000 Net-capital losses – Australia 33,000 35,000 Financing costs 925,000 931,000 Other temporary differences - 518,000 Total 3,847,000 3,693,000
Summary of Tax loss carryforwards	December 31, 2022 December 31, 2021 $ $ 2038 - 31,000 2039 - 53,000 2040 88,000 581,000 2041 1,833,000 1,544,000 2042 3,168,000 - Total 5,089,000 2,209,000

Financial instruments (Tables)

Financial instruments (Tables)	12 Months Ended
	Dec. 31, 2022
Financial instruments
Summary of financial instruments measured at fair value after initial recognition	Level 1 Level 2 Level 3 Total $ $ $ $ Other liabilities - - (601,715 ) (601,715 ) - - (601,715 ) (601,715 ) Level 1 Level 2 Level 3 Total $ $ $ $ Investments 2,150,499 - - 2,150,499 Other liabilities - - (3,327,672 ) (3,327,672 ) 2,150,499 - (3,327,672 ) (1,177,173 )
Summary of fair value utilizing non-observable market inputs	December 31, 2022 December 31, 2021 $ $ Balance, beginning of year 3,327,672 1,042,642 Issuance of Offering warrants (Note 11) - 1,372,247 Change in valuation of financing warrants (Note 11) (2,200,312 ) 517,971 Share-based compensation expense on PSUs (Note 11) (525,645 ) 394,812 601,715 3,327,672

Nature of operations (Details N

Nature of operations (Details Narrative)	12 Months Ended
	Dec. 31, 2022
Nature of operations
Percentage of equity ownership	80%

Significant accounting polici_3

Significant accounting policies (Details Narrative) - Amortization [Member] - CNY (¥)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Useful Life Of Assets	10 years
Impairment of long-lived assets	¥ 0	¥ 0

Accounts receivable (Details)

Accounts receivable (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Accounts receivable
Royalties receivable	$ 1,921,670	$ 545,494
Sales tax recoverable	78,392	0
Total receivable	$ 2,000,062	$ 545,494

Investments (Details)

Investments (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Cost	$ 1,123,440	$ 3,422,940
Estimated Fair Value	$ 0	$ 2,150,499
Percentage of Fair value	0%	100%
BK Gold Mines Pty Ltd Member
Statement [Line Items]
Security Description Common Shares	7,330,000	7,330,000
Cost	$ 1,123,440	$ 1,123,440
Estimated Fair Value	$ 0	$ 0
Percentage of Fair value	0%	0%
MCC Candian Gold Ventures Inc Member
Statement [Line Items]
Security Description Common Shares	40	40
Cost	$ 0	$ 0
Estimated Fair Value	$ 0	$ 0
Percentage of Fair value	0%	0%
Electric Royalties Ltd Member
Statement [Line Items]
Security Description Common Shares		7,270,408
Cost		$ 2,299,500
Estimated Fair Value		$ 2,150,499
Percentage of Fair value		100%

Investments (Details Narrative)

Investments (Details Narrative)		12 Months Ended
	Aug. 13, 2021 shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2022 CAD ($) shares	Dec. 31, 2021 USD ($)
Statement [Line Items]
Royalties consideration amount				$ 804,152
Number of electric shares received | shares	7,270,408
Electric Royalties Ltd Member
Statement [Line Items]
Investment fair value		$ 2,150,499
Number of common share sold | shares		7,270,408	7,270,408
Common share sold value		$ 1,545,925
Realized loss on investment		$ 604,574
Vox Member
Statement [Line Items]
Royalties consideration amount			$ 2,900,000
Electric Shares Member
Statement [Line Items]
Royalties consideration amount			$ 2,850,000

Royalty stream and other intere

Royalty stream and other interests (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Royalty, stream and other interests, carrying amount	$ 32,860,568	$ 17,625,689
Royalty, stream and other interests cost Opening	18,616,515	8,884,737
Additions	17,078,897	10,003,170
Disposal	0	(271,392)
Royalty, stream and other interests cost Ending	35,695,412	18,616,515
Royalty, stream and other interests Accumulated Depletion Open	(990,826)	(20,836)
Depletion	1,844,018	972,592
Disposals	0	2,602
Royalty, stream and other interests Accumulated Depletion Ending	0	0
Depletion	(1,844,018)	(972,592)
Royalty Twenty Fourth [Member]
Statement [Line Items]
Royalty, stream and other interests, carrying amount	950,164
Royalty, stream and other interests cost Opening	60,018
Additions	890,146
Disposal	0
Royalty, stream and other interests cost Ending	950,164
Royalty, stream and other interests Accumulated Depletion Open	0
Depletion	0
Disposals	0
Royalty, stream and other interests Accumulated Depletion Ending	0
Depletion	0
Royalty One [Member]
Statement [Line Items]
Royalty, stream and other interests, carrying amount	13,697,291	2,464,652
Royalty, stream and other interests cost Opening	0	0
Additions	14,527,467	2,494,285
Disposal	0	0
Royalty, stream and other interests cost Ending	14,527,467	2,494,285
Royalty, stream and other interests Accumulated Depletion Open	0	0
Depletion	830,176	29,633
Disposals	0	0
Royalty, stream and other interests Accumulated Depletion Ending	(830,176)	(29,633)
Depletion	(830,176)	(29,633)
Royalty Two [Member]
Statement [Line Items]
Royalty, stream and other interests, carrying amount	2,464,652	1,690,584
Royalty, stream and other interests cost Opening	2,494,285	1,130,010
Additions	0	1,357,731
Disposal	0	0
Royalty, stream and other interests cost Ending	2,494,285	2,487,741
Royalty, stream and other interests Accumulated Depletion Open	(29,633)	0
Depletion	0	797,157
Disposals	0	0
Royalty, stream and other interests Accumulated Depletion Ending	(29,633)	(797,157)
Depletion	0	(797,157)
Royalty Three [Member]
Statement [Line Items]
Royalty, stream and other interests, carrying amount	1,451,495	2,279,176
Royalty, stream and other interests cost Opening	2,487,741	0
Additions	161,997	2,316,757
Disposal	0	0
Royalty, stream and other interests cost Ending	2,649,738	2,316,757
Royalty, stream and other interests Accumulated Depletion Open	(797,157)	0
Depletion	401,086	37,581
Disposals	0	0
Royalty, stream and other interests Accumulated Depletion Ending	(1,198,243)	(37,581)
Depletion	(401,086)	(37,581)
Royalty Four [Member]
Statement [Line Items]
Royalty, stream and other interests, carrying amount	2,236,943	1,130,068
Royalty, stream and other interests cost Opening	2,316,757	1,130,068
Additions	0	0
Disposal	0	0
Royalty, stream and other interests cost Ending	2,316,757	1,130,068
Royalty, stream and other interests Accumulated Depletion Open	(37,581)	0
Depletion	42,233	0
Disposals	0	0
Royalty, stream and other interests Accumulated Depletion Ending	(79,814)	0
Depletion	(42,233)	0
Royalty Five [Member]
Statement [Line Items]
Royalty, stream and other interests, carrying amount	1,150,828	953,349
Royalty, stream and other interests cost Opening	0
Additions	1,150,828
Disposal	0
Royalty, stream and other interests cost Ending	1,150,828
Royalty, stream and other interests Accumulated Depletion Open	0
Depletion	0
Disposals	0
Royalty, stream and other interests Accumulated Depletion Ending	0
Depletion	0
Royalty Six [Member]
Statement [Line Items]
Royalty, stream and other interests, carrying amount	1,130,068	764,016
Royalty, stream and other interests cost Opening	1,130,068	764,016
Additions	0	0
Disposal	0	0
Royalty, stream and other interests cost Ending	1,130,068	764,016
Royalty, stream and other interests Accumulated Depletion Open	0	0
Depletion	0	0
Disposals	0	0
Royalty, stream and other interests Accumulated Depletion Ending	0	0
Depletion	0	0
Royalty Seven [Member]
Statement [Line Items]
Royalty, stream and other interests, carrying amount	953,349	583,612
Royalty, stream and other interests cost Opening	953,349	0
Additions	0	583,612
Disposal	0	0
Royalty, stream and other interests cost Ending	953,349	583,612
Royalty, stream and other interests Accumulated Depletion Open	0	0
Depletion	0	0
Disposals	0	0
Royalty, stream and other interests Accumulated Depletion Ending	0	0
Depletion	0	0
Royalty Eight [Member]
Statement [Line Items]
Royalty, stream and other interests, carrying amount	764,016	687,838
Royalty, stream and other interests cost Opening	764,016	706,425
Additions	0	0
Disposal	0	0
Royalty, stream and other interests cost Ending	764,016	764,016
Royalty, stream and other interests Accumulated Depletion Open	0	0
Depletion	0	18,587
Disposals	0	0
Royalty, stream and other interests Accumulated Depletion Ending	0	(18,587)
Depletion	0	(18,587)
Royalty Nine [Member]
Statement [Line Items]
Royalty, stream and other interests, carrying amount	583,612	873,088
Royalty, stream and other interests cost Opening	583,612	0
Additions	0	873,088
Disposal	0	0
Royalty, stream and other interests cost Ending	583,612	873,088
Royalty, stream and other interests Accumulated Depletion Open	0	0
Depletion	0	0
Disposals	0	0
Royalty, stream and other interests Accumulated Depletion Ending	0	0
Depletion	0	0
Royalty Ten [Member]
Statement [Line Items]
Royalty, stream and other interests, carrying amount	178,205	544,957
Royalty, stream and other interests cost Opening	706,425	544,957
Additions	0	0
Disposal	0	0
Royalty, stream and other interests cost Ending	706,425	544,957
Royalty, stream and other interests Accumulated Depletion Open	(18,587)	0
Depletion	509,633	0
Disposals	0	0
Royalty, stream and other interests Accumulated Depletion Ending	(528,220)	0
Depletion	(509,633)	0
Royalty Eleven [Member]
Statement [Line Items]
Royalty, stream and other interests, carrying amount	873,088	404,956
Royalty, stream and other interests cost Opening	873,088	475,723
Additions	0	0
Disposal	0	0
Royalty, stream and other interests cost Ending	873,088	475,723
Royalty, stream and other interests Accumulated Depletion Open	0	(9,338)
Depletion	0	61,429
Disposals	0	0
Royalty, stream and other interests Accumulated Depletion Ending	0	(70,767)
Depletion	0	(61,429)
Royalty Twelve [Member]
Statement [Line Items]
Royalty, stream and other interests, carrying amount	544,957	467,983
Royalty, stream and other interests cost Opening	544,957	467,983
Additions	0	0
Disposal	0	0
Royalty, stream and other interests cost Ending	544,957	467,983
Royalty, stream and other interests Accumulated Depletion Open	0	0
Depletion	0	0
Disposals	0	0
Royalty, stream and other interests Accumulated Depletion Ending	0	0
Depletion	0	0
Royalty Thirteen [Member]
Statement [Line Items]
Royalty, stream and other interests, carrying amount	382,086	450,131
Royalty, stream and other interests cost Opening	475,723	450,131
Additions	0	0
Disposal	0	0
Royalty, stream and other interests cost Ending	475,723	450,131
Royalty, stream and other interests Accumulated Depletion Open	(70,767)	0
Depletion	22,870	0
Disposals	0	0
Royalty, stream and other interests Accumulated Depletion Ending	(93,637)	0
Depletion	(22,870)	0
Royalty Fourteen [Member]
Statement [Line Items]
Royalty, stream and other interests, carrying amount	467,983	355,940
Royalty, stream and other interests cost Opening	467,983	355,940
Additions	0	0
Disposal	0	0
Royalty, stream and other interests cost Ending	467,983	355,940
Royalty, stream and other interests Accumulated Depletion Open	0	0
Depletion	0	0
Disposals	0	0
Royalty, stream and other interests Accumulated Depletion Ending	0	0
Depletion	0	0
Royalty Fifteen [Member]
Statement [Line Items]
Royalty, stream and other interests, carrying amount	450,131	311,742
Royalty, stream and other interests cost Opening	450,131	311,742
Additions	0	0
Disposal	0	0
Royalty, stream and other interests cost Ending	450,131	311,742
Royalty, stream and other interests Accumulated Depletion Open	0	0
Depletion	0	0
Disposals	0	0
Royalty, stream and other interests Accumulated Depletion Ending	0	0
Depletion	0	0
Royalty Sixteen [Member]
Statement [Line Items]
Royalty, stream and other interests, carrying amount	355,940	225,227
Royalty, stream and other interests cost Opening	355,940	262,328
Additions	0	0
Disposal	0	0
Royalty, stream and other interests cost Ending	355,940	262,328
Royalty, stream and other interests Accumulated Depletion Open	0	(11,498)
Depletion	0	25,603
Disposals	0	0
Royalty, stream and other interests Accumulated Depletion Ending	0	(37,101)
Depletion	0	(25,603)
Royalty Seventeen [Member]
Statement [Line Items]
Royalty, stream and other interests, carrying amount	311,742	61,572
Royalty, stream and other interests cost Opening	311,742	0
Additions	0	61,572
Disposal	0	0
Royalty, stream and other interests cost Ending	311,742	61,572
Royalty, stream and other interests Accumulated Depletion Open	0	0
Depletion	0	0
Disposals	0	0
Royalty, stream and other interests Accumulated Depletion Ending	0	0
Depletion	0	0
Royalty Eighteen [Member]
Statement [Line Items]
Royalty, stream and other interests, carrying amount	302,850	210,701
Royalty, stream and other interests cost Opening	0	210,701
Additions	302,850	0
Disposal	0	0
Royalty, stream and other interests cost Ending	302,850	210,701
Royalty, stream and other interests Accumulated Depletion Open	0	0
Depletion	0	0
Disposals	0	0
Royalty, stream and other interests Accumulated Depletion Ending	0	0
Depletion	0	0
Royalty Nineteen [Member]
Statement [Line Items]
Royalty, stream and other interests, carrying amount	187,207	0
Royalty, stream and other interests cost Opening	262,328	188,437
Additions	0	0
Disposal	0	(188,437)
Royalty, stream and other interests cost Ending	262,328	0
Royalty, stream and other interests Accumulated Depletion Open	(37,101)	0
Depletion	38,020	2,602
Disposals	0	2,602
Royalty, stream and other interests Accumulated Depletion Ending	(75,121)	0
Depletion	(38,020)	(2,602)
Royalty Twenty [Member]
Statement [Line Items]
Royalty, stream and other interests, carrying amount	61,572	1,606,079
Royalty, stream and other interests cost Opening	61,572	1,386,276
Additions	0	302,758
Disposal	0	(82,955)
Royalty, stream and other interests cost Ending	61,572	1,606,079
Royalty, stream and other interests Accumulated Depletion Open	0	0
Depletion	0	0
Disposals	0	0
Royalty, stream and other interests Accumulated Depletion Ending	0	0
Depletion	0	0
Royalty Twenty One [Member]
Statement [Line Items]
Royalty, stream and other interests, carrying amount	210,701	1,500,000
Royalty, stream and other interests cost Opening	210,701	500,000
Additions	0	1,000,000
Disposal	0	0
Royalty, stream and other interests cost Ending	210,701	1,500,000
Royalty, stream and other interests Accumulated Depletion Open	0	0
Depletion	0	0
Disposals	0	0
Royalty, stream and other interests Accumulated Depletion Ending	0	0
Depletion	0	0
Royalty Twenty Two [Member]
Statement [Line Items]
Royalty, stream and other interests, carrying amount	1,606,079	60,018
Royalty, stream and other interests cost Opening	1,606,079	0
Additions	0	60,018
Disposal	0	0
Royalty, stream and other interests cost Ending	1,606,079	60,018
Royalty, stream and other interests Accumulated Depletion Open	0	0
Depletion	0	0
Disposals	0	0
Royalty, stream and other interests Accumulated Depletion Ending	0	0
Depletion	0	$ 0
Royalty Twenty Third [Member]
Statement [Line Items]
Royalty, stream and other interests, carrying amount	1,545,609
Royalty, stream and other interests cost Opening	1,500,000
Additions	45,609
Disposal	0
Royalty, stream and other interests cost Ending	1,545,609
Royalty, stream and other interests Accumulated Depletion Open	0
Depletion	0
Disposals	0
Royalty, stream and other interests Accumulated Depletion Ending	0
Depletion	$ 0

Royalty stream and other inte_2

Royalty stream and other interests (Details 1) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Royalty, stream and other interests, carrying amount	$ 32,860,568	$ 17,625,689
Australia
Statement [Line Items]
Royalty, stream and other interests, carrying amount	24,462,805	10,724,623
Nigeria
Statement [Line Items]
Royalty, stream and other interests, carrying amount	178,205	687,838
Canada
Statement [Line Items]
Royalty, stream and other interests, carrying amount	1,823,252	933,106
USA
Statement [Line Items]
Royalty, stream and other interests, carrying amount	2,298,515	2,340,748
Brazil
Statement [Line Items]
Royalty, stream and other interests, carrying amount	637,338	675,358
South Africa
Statement [Line Items]
Royalty, stream and other interests, carrying amount	1,914,844	764,016
Peru
Statement [Line Items]
Royalty, stream and other interests, carrying amount	$ 1,545,609	$ 1,500,000

Royalty stream and other inte_3

Royalty stream and other interests (Details Narrative) - USD ($)

1 Months Ended

2 Months Ended

Jun. 03, 2022

Dec. 31, 2023

Jan. 31, 2023

Nov. 21, 2022

Sep. 30, 2022

May 26, 2022

Apr. 27, 2022

Jun. 30, 2021

May 25, 2021

May 25, 2022

Dec. 31, 2022

Jun. 09, 2022

Dec. 31, 2021

Jun. 11, 2021

Jun. 07, 2021

Apr. 08, 2021

Mar. 30, 2021

Mar. 12, 2021

Jan. 21, 2021

Statement [Line Items]

Deferred royalty acquisitions

$ 118,932

$ 2,529

Restricted cash

$ 700,000

$ 0

Limpopo [Member]

Statement [Line Items]

Acquisition of Gross receipts royalty

The royalties include a 1.0% gross receipts royalty over the Dwaalkop Project and a 0.704% gross receipts royalty over the Messina Project, which collectively cover the majority of the Limpopo PGM Project (“Limpopo”).

Upfront consideration, cash payment

$ 1,139,628

Issuance of common shares

409,500

Additional cash payments

$ 8,900,000

Wonmunna [Member]

Statement [Line Items]

Cash

$ 4,050,000

Acquisition of Gross receipts royalty

The royalty is a 1.25% to 1.50% sliding scale Gross Revenue Royalty (“GRR”), with 1.25% payable when the benchmark 62% iron ore price is below A$100/t and 1.50% GRR payable when the benchmark 62% iron ore price is above A$100/t.

Upfront consideration, cash payment

$ 15,703,991

Issuance of common shares

0

Additional cash payments

$ 0

Deposit

$ 50,000

Common share issuance during period

4,350,000

Common share issuance during period, value

$ 10,470,905

Issuance of common share purchase warrants

3,600,000

Issuance of common share purchase warrants, exercise price per share

$ 4.50

Fair value of warrants

$ 1,183,086

Fair value of warrants, stock price per share

$ 2.41

Expected dividend yield

0%

Expected volatility rate

46%

Risk-free interest rate

2.53%

Expected useful life

1 year 9 months 29 days

Royalty revenues earned

$ 1,208,917

Restricted cash

$ 700,000

Breakwater Portfolio [Member]

Statement [Line Items]

Cash

$ 314,954

Consideration paid to Breakwater

951,805

Consideration paid to Breakwater C Amount

1,204,153

Cash C Amount

$ 400,001

Common stock shares issued

252,878

Common stock value

$ 636,851

Common stock value C Amount

$ 804,152

Gibb River Portfolio [Member]

Statement [Line Items]

Consideration paid to Gibb River Portfolio

$ 325,000

Consideration paid in cash

$ 251,408

Horizon Portfolio [Member]

Statement [Line Items]

Upfront consideration paid

$ 4,000,000

Upfront consideration paid in cash

3,056,607

Further payment for satisfaction of certain future production milestones

$ 3,000,000

South Railroad [Member]

Statement [Line Items]

Upfront consideration paid in cash

$ 1,980,000

Finders' fee

$ 99,000

Brightstar [Member]

Statement [Line Items]

Purchase price paid in cash

$ 50,000

Titan Portfolio [Member]

Statement [Line Items]

Purchase price paid in cash

$ 1,000,000

Gain on sale of two graphite royalties

$ 2,030,700

Bullabulling [Member]

Statement [Line Items]

Upfront consideration paid

$ 1,200,000

Upfront consideration paid in cash

$ 931,308

Milestone payment description

Each milestone payment may be paid (i) 100% in cash or (ii) 50% in cash and 50% in common shares, at the Company’s sole discretion.

Milestone payments

$ 500,000

Koolyanobbing [Member]

Statement [Line Items]

First milestone cash payment

$ 161,997

First milestone cash payment A

250,000

Cash payment to Mineral Resources Ltd

$ 1,357,731

Royalty advance payment

$ 1,782,032

El Molino [Member]

Statement [Line Items]

Upfront consideration common shares issued

17,959

Upfront consideration common shares issued, value

$ 45,167

Payment need to payable in cash

$ 450,000

Canadian Gold Portfolio [Member]

Statement [Line Items]

Acquisition of Gross receipts royalty

The royalties include a 1.0% Net Smelter Royalty (“NSR”) over part of the Goldlund Project in Ontario

Upfront consideration, cash payment

$ 79,499

Maximum common share issuance during period, value

$ 500,000

$ 700,000

$ 500,000

Maximum common share issuance during period

184,399

258,159

184,399

Common share issuance during period

173,058

Common share issuance during period, value

$ 387,816

First Quantum Portfolio [Member]

Statement [Line Items]

Acquisition of Gross receipts royalty

The royalties include a 2.0% NSR over part of the Estrades Project in Québec (“Estrades”), a 0.49% NSR over the Opawica Project in Québec (“Opawica”), a right to acquire a 2% NSR (1% buyback for C$3,000,000) over the Winston Lake Project in Ontario (“Winston Lake”), and a right to acquire a 2% NSR over the Norbec & Millenbach Project in Québec (“N&M”).

Common stock shares issued

164,319

Common stock value

$ 412,874

Cash payments to Winston Lake

100,000

Cash payments to N&M

25,000

Cardinia [Member]

Statement [Line Items]

Cash

302,850

Vox cash paid Gloucester

$ 450,000

Intangible assets (Details)

Intangible assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Intangible assets	$ 1,355,709	$ 1,539,248
Balance at the period beginning	1,539,248
Balance at period end	1,355,709	1,539,248
Cost at:
Statement [Line Items]
Intangible assets	1,837,500	1,837,500
Balance at the period beginning	1,837,500	1,837,500
Balance at period end	1,837,500	1,837,500
Accumulated amortization at:
Statement [Line Items]
Intangible assets	481,791	298,252
Balance at the period beginning	298,252	114,712
Balance at period end	481,791	298,252
Additions	$ 183,539	$ 183,540

Accounts payable and accrued _3

Accounts payable and accrued liabilities (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Accounts payable and accrued liabilities
Trade payable	$ 448,206	$ 196,198
Sales tax payable	345,036	150,832
Accrued liabilities	972,889	782,777
Total accounts payable	$ 1,766,131	$ 1,129,807

Share capital and additional _3

Share capital and additional paid-in capital (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Share capital and additional paid-in capital
Common shares issued	$ 57,020,116	$ 43,648,023

Share capital and additional _4

Share capital and additional paid-in capital (Details Narrative) - USD ($)			1 Months Ended	12 Months Ended
	Nov. 14, 2022	Nov. 04, 2022	Sep. 20, 2022	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Weight average share price				$ 3.03
Other liabilities				$ 601,715	$ 3,327,672
Additional paid-in capital					636,826
Royalties consideration amount					804,152
Common shares repurchase for cancellation				92,200
Capital shares allocated				$ 212,132	25
Total gross proceeds				0	13,354,501
Other income (expenses)				$ 1,951,316	$ 520,467
Expected dividend yield				1.72%	0%
Expected volatility				37%	51%
Risk-free interest rate				4.07%	0.91%
Expected life				10 months 2 days	1 year 10 months 2 days
Common shares Issued for the purchase of the Breakwater royalty portfolio					252,878
Accumuleted deficit				$ 242,082
Total dividends paid				$ 445,940	$ 0
Board of Directors Member
Statement [Line Items]
Dividend	$ 0.01		$ 0.01
Total dividends paid		$ 445,940
Warrant [Member]
Statement [Line Items]
Period of warrants					3 years
Shares price					$ 4.50
Fair value of the warrants					$ 1,372,247
Stock price					$ 2.62
Expected dividend yield					0%
Expected volatility				46%	58%
Risk-free interest rate				2.53%	0.46%
Expected life					3 years
April 27 2022
Statement [Line Items]
Common shares Issued for the purchase of the Limpopo royalties				409,500
Royalties consideration amount				$ 1,139,628
May 26 2022
Statement [Line Items]
Royalties consideration amount				$ 10,470,905
Common shares Issued for the purchase of the Wonmunna royalty				4,350,000
June 9 2022
Statement [Line Items]
Royalties consideration amount				$ 45,167
Common shares Issued for the purchase of the Wonmunna royalty				17,959
September 7 2022
Statement [Line Items]
Royalties consideration amount				$ 387,816
Common shares Issued for the purchase of the Wonmunna royalty				173,058
November 21 2022
Statement [Line Items]
Royalties consideration amount				$ 412,874
Common shares Issued for the purchase of the Wonmunna royalty				164,319
November 15 2022
Statement [Line Items]
Common shares repurchase for cancellation				2,229,697
March 21 2021
Statement [Line Items]
Other liabilities					$ 1,372,247
Additional paid-in capital					$ 11,981,692
Shares price					$ 3
Capital shares allocated					$ 562
Shares purchased					5,615,766
Total gross proceeds					$ 16,847,298
Percentage of Commission					6%
Other income (expenses)					$ 111,715
November 18 2021
Statement [Line Items]
Additional paid-in capital					$ 690,980
Common shares repurchase for cancellation					735,200
Capital shares allocated					$ 227,644
Shares price					$ 2.95
Common shares Issued for the purchase					1,968,056
Accumuleted deficit					$ 857,491

Equity reserves (Details)

Equity reserves (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Weighted average exercise price, outstanding, end of year	$ 4.50	$ 4.50
Warrant [Member]
Statement [Line Items]
Warrant outstanding, beginning of year	251,762	272,341
Warrant outstanding, granted	3,600,000
Warrant outstanding, exercised	(226,234)	(20,579)
Warrant outstanding, expired	(25,528)
Warrant outstanding, end of year	3,600,000	251,762
Warrant exercisable, end of year	3,600,000	251,762
Weighted average exercise price, outstanding, beginning of year	$ 3	$ 3
Weighted average exercise price, granted	4.50	0
Weighted average exercise price, exercised	3	3
Weighted average exercise price, expired	3	0
Weighted average exercise price, outstanding, end of year	4.50	3
Weighted average exercise price, Exercisable, end of year	$ 4.50	$ 3

Equity reserves (Details 1)

Equity reserves (Details 1)	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Statement [Line Items]
Weighted average remaining contractual life	4 months 13 days
Warrant [Member]
Statement [Line Items]
Warrant outstanding | shares	3,600,000
Weighted average exercise price, outstanding | $ / shares	$ 4.50
Weighted average remaining contractual life	1 year 2 months 23 days
March 25, 2024 [Member] | Warrant [Member]
Statement [Line Items]
Warrant outstanding | shares	3,600,000
Weighted average exercise price, outstanding | $ / shares	$ 4.50
Weighted average remaining contractual life	1 year 2 months 23 days

Equity reserves (Details 2)

Equity reserves (Details 2) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Expected stock price volatility	37%	51%
Risk-free interest rate	4.07%	0.91%
Grant date share price	$ 2.28	$ 2.74
Expected forfeiture rate	0%	0%
Expected dividend yield	1.72%	0%
Warrant [Member]
Statement [Line Items]
Expected stock price volatility	46%	58%
Risk-free interest rate	2.53%	0.46%
Expected life	1 year 9 months 29 days
Grant date share price	$ 2.41
Expected forfeiture rate	0%
Expected dividend yield		0%

Equity reserves (Details 3)

Equity reserves (Details 3) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Warrant outstanding, beginning of year	5,097,550	2,289,667
Warrant outstanding, end of year	5,097,550	5,097,550
Weighted average exercise price, outstanding, end of year	$ 4.50	$ 4.50
Stock Option Activity
Statement [Line Items]
Warrant outstanding, beginning of year	799,826	6,000
Warrant outstanding, granted	804,158	819,826
Warrant outstanding, expired		(26,000)
Warrant outstanding, end of year	1,603,984	799,826
Warrant exercisable, end of year	800,907	199,957
Weighted average exercise price, outstanding, beginning of year	$ 3.25	$ 3.50
Weighted average exercise price, granted	4.16	3.27
Weighted average exercise price, expired	0	3.88
Weighted average exercise price, outstanding, end of year	3.71	3.25
Weighted average exercise price, Exercisable, end of year	$ 3.48	$ 3.25

Equity reserves (Details 4)

Equity reserves (Details 4)	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Statement [Line Items]
Weighted average remaining contractual life	4 months 13 days
Stock Option Activity
Statement [Line Items]
Option outstanding	1,603,984
Weighted average remaining contractual life	3 years 10 months 2 days
Number of option, exercisable	800,911
Weighted average remaining contractual life,exercisable	3 years 8 months 1 day
Stock Option Activity | March 9, 2027
Statement [Line Items]
Option outstanding	804,158
Exercise price | $ / shares	$ 4.16
Weighted average remaining contractual life	4 years 2 months 8 days
Number of option, exercisable	201,040
Weighted average remaining contractual life,exercisable	4 years 2 months 8 days
Stock Option Activity | June 30, 2026
Statement [Line Items]
Option outstanding	799,826
Exercise price | $ / shares	$ 3.25
Weighted average remaining contractual life	3 years 6 months
Number of option, exercisable	599,871
Weighted average remaining contractual life,exercisable	3 years 6 months

Equity reserves (Details 5)

Equity reserves (Details 5) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Expected stock price volatility	37%	51%
Risk-free interest rate	4.07%	0.91%
Grant date share price	$ 2.28	$ 2.74
Expected forfeiture rate	0%	0%
Stock Option Activity
Statement [Line Items]
Expected stock price volatility	35%	36%
Risk-free interest rate	1.65%	0.96%
Expected life	5 years	4 years 10 months 28 days
Grant date share price	$ 3.09	$ 1.97
Expected forfeiture rate	0%	0%

Equity reserves (Details 6)

Equity reserves (Details 6) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Warrant outstanding, beginning of year	5,097,550	2,289,667
Warrant outstanding, end of year	5,097,550	5,097,550
RSU Activity
Statement [Line Items]
Warrant outstanding, beginning of year	581,696	2,124,906
Restricted stock option, granted	263,548	292,842
Restricted stock option, exercised	(230,200)	(1,836,052)
Warrant outstanding, end of year	615,044	581,696
Restricted stock option, vested, end of year	205,775	36,403
Weighted average fair value, outstanding, beginning of year	$ 2.13	$ 2.04
Weighted average fair value, granted	3.01	2.16
Weighted average fair value, exercised	2.13	2.03
Weighted average fair value, outstanding, end of year	2.56	2.13
Weighted average fair value, vested, end of year	$ 2.37	$ 2.14

Equity reserves (Details narrat

Equity reserves (Details narrative)	12 Months Ended
	Dec. 31, 2022 shares
Equity reserves
Common share, issued	6,413,750
Description of option activity	263,548 RSUs were granted and vest in 25% increments on each of September 9, 2022, March 9, 2023, September 9, 2023 and March 9, 2024
Warrant outstanding, granted	804,158

Other liabilities (Details)

Other liabilities (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Other liabilities
Warrants	$ 445,216	$ 2,645,528
PSUs	156,499	682,144
Other liabilities gross	601,715	3,327,672
Less: current portion	176,434	403,610
Non-current portion	$ 425,281	$ 2,924,062

Other liabilities (Details 1)

Other liabilities (Details 1) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Other liabilities
Warrant outstanding, beginning of year	5,097,550	2,289,667
Shares granted share		2,807,883
Warrant outstanding, end of year	5,097,550	5,097,550
Exercisable, end of year shares	5,097,550	5,097,550
Weighted average exercise price beginning balance	$ 4.50	$ 4.50
Weighted average exercise price granted	0	4.50
Weighted average exercise price ending balance	4.50	4.50
Weighted average exercise price Outstanding, end of year	$ 4.50	$ 4.50

Other liabilities (Details 2)

Other liabilities (Details 2) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement [Line Items]
March 25, 2024 Number of warrants outstanding	5,097,550	5,097,550	2,289,667
May 14 2023 Weighted average remaining contractual life	4 months 13 days
May 14 2023 Exercise price	$ 4.50
March 25 2024 Exercise price	$ 4.50
March 25 2024 Weighted average remaining contractual life	1 year 2 months 23 days
Number of warrants outstanding net	5,097,550
Exercise price net	$ 4.50
Weighted average remaining contractual life net	10 months 2 days
March 25, 2024 [Member]
Statement [Line Items]
March 25, 2024 Number of warrants outstanding	2,289,667
May 24, 2023 [Member]
Statement [Line Items]
March 25, 2024 Number of warrants outstanding	2,807,883

Other liabilities (Details 3)

Other liabilities (Details 3) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Other liabilities
Expected stock price volatility	37%	51%
Risk-free interest rate	4.07%	0.91%
Expected life	10 months 2 days	1 year 10 months 2 days
Expected forfeiture rate	0%	0%
Grant date share price	$ 2.28	$ 2.74
Expected dividend yield	1.72%	0%

Other liabilities (Details 4)

Other liabilities (Details 4) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Warrant outstanding, beginning of year	5,097,550	2,289,667
Shares granted share		2,807,883
Vested, end of year	5,097,550	5,097,550
Warrant outstanding, end of year	5,097,550	5,097,550
Weighted average exercise price beginning balance	$ 4.50	$ 4.50
Weighted average exercise price granted	0	4.50
Weighted average exercise price ending balance	$ 4.50	$ 4.50
Performance Share Unit Plan [Member]
Statement [Line Items]
Warrant outstanding, beginning of year	787,584	648,246
Shares granted share	107,582	139,338
Vested, end of year	0	0
Warrant outstanding, end of year	895,166	787,584
Weighted average exercise price beginning balance	$ 1.36	$ 1.36
Weighted average exercise price granted	0.23	1.36
Weighted average exercise price ending balance	0.23	1.36
Weighted average exercise price Vested, end of year	$ 0	$ 0

Other liabilities (Details 5)

Other liabilities (Details 5) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Expected stock price volatility	37%	51%
Risk-free interest rate	4.07%	0.91%
Expected life	10 months 2 days	1 year 10 months 2 days
Expected forfeiture rate	0%	0%
Grant date share price	$ 2.28	$ 2.74
Expected dividend yield	1.72%	0%
Performance Share Unit Plan [Member]
Statement [Line Items]
Expected stock price volatility	38%	51%
Risk-free interest rate	4.41%	0.95%
Expected life	9 months 7 days	11 months 12 days
Expected forfeiture rate	0%	0%
Grant date share price	$ 3.14	$ 3.48
Expected dividend yield	0%	0%

Other liabilities (Details Narr

Other liabilities (Details Narrative)	12 Months Ended
	Dec. 31, 2022 shares
Warrant Holder Meeting [Member]
Statement [Line Items]
Common share purchase	2,289,667

General and administration (Det

General and administration (Details) ¥ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)
Statement [Line Items]
Professional fees	$ 308,750,000	$ 139,974,000
Depreciation	1,844,018	972,592
Total General and Administration Cost	4,851,663	4,439,172
ZHEJIANG TIANLAN
Statement [Line Items]
Corporate administration	1,397,608,000	1,274,192,000
Nasdaq listing costs	358,314,000	0
Professional fees	440,576	663,722
Salaries and benefits	2,471,626,000	2,317,718,000
Depreciation	183,539	$ 183,540
Total General and Administration Cost	$ 4,851,663,000		¥ 4,439,172

General and administration (D_2

General and administration (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
General and administration
Project Evaluation Expenses	$ 308,750,000	$ 139,974,000

Other income (expenses) (Detail

Other income (expenses) (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Fair value change of other liabilities	$ 2,200,312	$ (517,971)
Transaction costs related to Offering (Note 8)	0	(111,715)
Interest income	82,970	12,577
Foreign exchange (expense) gain	(331,966)	96,642
Total other income (expenses)	$ 1,951,316	$ (520,467)

Related party transactions (Det

Related party transactions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Related party transactions
Short-term employee benefits	$ 1,986,599	$ 1,743,334
Share-based compensation	684,952	955,146
Total remuneration	$ 2,671,551	$ 2,698,480

Commitments and contingencies_2

Commitments and contingencies (Details)	Dec. 31, 2022 USD ($)
Statement [Line Items]
Minimum annual lease payments	$ 23,351
Lease Agreements [Member]
Statement [Line Items]
Minimum annual lease payments	12,980
Consulting Agreements [Member]
Statement [Line Items]
Minimum annual lease payments	$ 10,371

Commitments and contingencies_3

Commitments and contingencies (Details 1)	Dec. 31, 2022 USD ($)
Statement [Line Items]
Milestone payments for royalty acquisitions	$ 12,454,216
Limpopo [Member]
Statement [Line Items]
Milestone payments for royalty acquisitions	6,571,175
Bullabulling [Member]
Statement [Line Items]
Milestone payments for royalty acquisitions	678,972
Koolyanobbing [Member]
Statement [Line Items]
Milestone payments for royalty acquisitions	339,486
El Molino [Member]
Statement [Line Items]
Milestone payments for royalty acquisitions	450,000
Janet Ivy [Member]
Statement [Line Items]
Milestone payments for royalty acquisitions	2,036,917
Goldlund [Member]
Statement [Line Items]
Milestone payments for royalty acquisitions	886,001
Brits [Member]
Statement [Line Items]
Milestone payments for royalty acquisitions	1,250,000
Uley [Member]
Statement [Line Items]
Milestone payments for royalty acquisitions	149,374
Winston Lake [Member]
Statement [Line Items]
Milestone payments for royalty acquisitions	73,833
Norbec & Millenbach [Member]
Statement [Line Items]
Milestone payments for royalty acquisitions	$ 18,458

Supplemental cash flow inform_3

Supplemental cash flow information (Details) - ZHEJIANG TIANLAN - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Share issuance for royalty acquisition costs	$ 12,456,390	$ 636,851
Warrants issuance for royalty acquisition costs	1,183,086	0
Change in accrued dividends	447,583	0
Change in accrued deferred royalty acquisitions	$ 69,675	$ (22,479)

Segment information (Details)

Segment information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Royalty revenues	$ 8,508,105	$ 3,651,717
Australia
Statement [Line Items]
Royalty revenues	5,489,043	3,327,470
Nigeria
Statement [Line Items]
Royalty revenues	2,524,990	92,089
Canada
Statement [Line Items]
Royalty revenues	315,084	0
USA
Statement [Line Items]
Royalty revenues	116,311	94,226
Brazil
Statement [Line Items]
Royalty revenues	62,677	83,013
Madagascar
Statement [Line Items]
Royalty revenues	$ 0	$ 54,919

Segment information (Details 1)

Segment information (Details 1) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Non-current assets	$ 35,035,209	$ 19,167,466
Australia
Statement [Line Items]
Non-current assets	25,162,805	10,724,623
Nigeria
Statement [Line Items]
Non-current assets	178,205	687,838
Canada
Statement [Line Items]
Non-current assets	1,942,184	933,106
USA
Statement [Line Items]
Non-current assets	2,298,515	2,340,748
Brazil
Statement [Line Items]
Non-current assets	637,338	675,358
South Africa
Statement [Line Items]
Non-current assets	1,914,844	764,016
Peru
Statement [Line Items]
Non-current assets	1,545,609	1,500,000
Caymon Islands
Statement [Line Items]
Non-current assets	$ 1,355,709	$ 1,541,777

Income taxes (Details)

Income taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Current tax expense	$ 219,406	$ 439,023
Deferred tax expense	1,248,495	1,742,936
Total income tax expense	$ 1,467,901	$ 2,181,959

Income taxes (Details 1)

Income taxes (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income (loss) before income taxes	$ 1,796,080	$ (1,950,060)
Statutory tax rate	26.50%	26.50%
Expected income tax expense (recovery) based on statutory rate	$ 476,000	$ (517,000)
Adjustment to expected income tax expense (recovery):
Foreign tax rate differences	164,000	264,000
Permanent differences	279,000	374,000
Change in benefit of tax assets not recognized	255,000	613,000
Royalty, stream and other interest	0	1,624,305
Other	293,901	(176,346)
Income tax expense	$ 1,467,901	$ 2,181,959

Income taxes (Details 2)

Income taxes (Details 2) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Royalty, stream and other interests	$ (2,991,431)	$ (1,742,936)
Total	$ (2,991,431)	$ (1,742,936)

Income taxes (Details 3)

Income taxes (Details 3) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Non-capital losses - Canada	$ 2,889,000	$ 2,209,000
Net-capital losses - Australia	33,000	35,000
Financing costs	925,000	931,000
Other temporary differences		518,000
Total	$ 3,847,000	$ 3,693,000

Income taxes (Details 4)

Income taxes (Details 4) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
2038		$ 31,000
2039		53,000
2040	$ 88,000	581,000
2041	1,833,000	1,544,000
2042	3,168,000	0
Total	$ 5,089,000	$ 2,209,000

Income taxes (Details Narrative

Income taxes (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Tax benefit	$ 3,847,000	$ 3,693,000
Unrecognized deferred tax liabilities	5,460,000
Canadian parent
Statement [Line Items]
Non-capital tax losses	5,089,000
Australian subsidiary
Statement [Line Items]
Non-capital tax losses	$ 0
Cayman Island subsidiary
Statement [Line Items]
Income tax rate	0%

Financial instruments (Details)

Financial instruments (Details)	Dec. 31, 2022 USD ($)
Statement [Line Items]
Other liabilities	$ 601,715
Other liabilities	(601,715)
Other liabilities net	601,715
Other liabilities net	(601,715)
Level 1 Member
Statement [Line Items]
Other liabilities	0
Other liabilities	0
Other liabilities net	0
Other liabilities net	0
Level 3 Member
Statement [Line Items]
Other liabilities	601,715
Other liabilities	(601,715)
Other liabilities net	601,715
Other liabilities net	(601,715)
Level 2 Member
Statement [Line Items]
Other liabilities	0
Other liabilities	0
Other liabilities net	0
Other liabilities net	$ 0

Financial instruments (Details1

Financial instruments (Details1) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Other liabilities gross	$ 601,715	$ 3,327,672
Investments	0	2,150,499
Other liabilities	$ (601,715)	(3,327,672)
Fair value of financial instruments		(1,177,173)
Level 1 Member
Statement [Line Items]
Other liabilities gross		0
Investments		2,150,499
Other liabilities		0
Fair value of financial instruments		2,150,499
Level 3 Member
Statement [Line Items]
Other liabilities gross		3,327,672
Investments		0
Other liabilities		(3,327,672)
Fair value of financial instruments		(3,327,672)
Level 2 Member
Statement [Line Items]
Other liabilities gross		0
Investments		0
Other liabilities		0
Fair value of financial instruments		$ 0

Financial instruments (Details

Financial instruments (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Financial instruments
Balance, beginning of year	$ 3,327,672	$ 1,042,642
Issuance of Offering warrants	0	1,372,247
Change in valuation of financing warrants	(2,200,312)	517,971
Share-based compensation expense on PSUs	(525,645)	394,812
Balance, ending	$ 601,715	$ 3,327,672

Financial instruments (Detail_2

Financial instruments (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financial instruments
Working capital	$ 3,795,951	$ 6,209,207
Cash and cash equivalents	4,174,654	5,064,802
Other comprehensive income	380,000
Total equity	$ 35,414,448	$ 20,709,675	$ 13,917,573

Subsequent events (Details Narr

Subsequent events (Details Narrative) - Goldlund [Member] - $ / shares		1 Months Ended
	Mar. 13, 2023	Jan. 24, 2023	Dec. 31, 2022
Statement [Line Items]
Exercise of stock			98,750
Common stock issued			98,750
Dividend per common share	$ 0.011
Share issued in second milestone		215,769