Premium Resources (PRMLF) 6-K30 Nov 21Current report (foreign)Financial data

Company Profile

Cover

Cover	9 Months Ended
Cover	Sep. 30, 2021
Cover [Abstract]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Sep. 30, 2021
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--12-31
Entity File Number	000-14740
Entity Registrant Name	North American Nickel Inc
Entity Central Index Key	0000795800
Entity Address, Address Line One	c/o Bennett Jones LLP
Entity Address, Address Line Two	3400 — One First Canadian Place
Entity Address, Address Line Three	P.O. Box 130
Entity Address, City or Town	Toronto
Entity Address, State or Province	ON
Entity Address, Postal Zip Code	M5X 1A4

Condensed Interim Consolidated

Condensed Interim Consolidated Statements of Financial Position - CAD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
CURRENT ASSETS
Cash	$ 1,322	$ 308
Receivables and other current assets	89	59
Due from related party	287	55
TOTAL CURRENT ASSETS	1,698	422
NON-CURRENT ASSETS
Equipment	11	21
Exploration and evaluation assets	39,161	39,103
Advance		50
Investment	428	48
TOTAL NON-CURRENT ASSETS	39,600	39,222
TOTAL ASSETS	41,298	39,644
LIABILITIES
Trade payables and accrued liabilities	622	362
Provision for restoration obligation		267
TOTAL LIABILITIES	622	629
EQUITY
Share capital – preferred	591	591
Share capital – common	91,880	89,627
Reserve	3,188	2,096
Deficit	(54,983)	(53,299)
TOTAL EQUITY	40,676	39,015
TOTAL LIABILITIES AND EQUITY	$ 41,298	$ 39,644

Condensed Interim Consolidate_2

Condensed Interim Consolidated Statements of Comprehensive Loss - CAD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
EXPENSES
General and administrative expenses	$ (201)	$ (315)	$ (857)	$ (979)
Property investigation	(7)	(6)	(11)	(23)
Amortization	(1)	(2)	(10)	(6)
Share-based payments		(85)	(837)	(969)
Total expenses	(209)	(408)	(1,715)	(1,977)
OTHER ITEMS
Foreign exchange loss	(2)	(1)	(5)	(1)
Impairment for exploration and evaluation assets				(437)
Equity loss on investment	(25)		(62)
Other income (expense), net	(27)	(409)	(67)	(438)
TOTAL COMPREHENSIVE LOSS FOR THE PERIOD	$ (236)	$ (409)	$ (1,782)	$ (2,415)
Basic and diluted weighted average number of common shares outstanding	124,571,071	98,614,107	124,490,358	92,022,707
Basic and diluted loss per share	$ 0	$ 0	$ (0.01)	$ (0.03)

Condensed Interim Consolidate_3

Condensed Interim Consolidated Statements of Changes in Equity - CAD ($) $ in Thousands	Ordinary shares [member]	Preference shares [member]	Reserve [Member]	Retained earnings [member]	Total
Beginning balance, value at Dec. 31, 2019	$ 89,006	$ 591	$ 4,175	$ (54,341)	$ 39,431
Beginning balance, shares at Dec. 31, 2019	88,690,791
IfrsStatementLineItems [Line Items]
Net and comprehensive loss				(2,415)	(2,415)
Share capital issued through private placement	$ 1,480				1,480
Share capital issued through private placement, shares	21,142,857
Share issue costs	$ (121)				(121)
Value allocated to warrants	(735)		735
Expired warrants			(2,572)	2,572
Forfeited/expired options			(241)	241
Share-based payments			969		969
Ending balance, value at Sep. 30, 2020	$ 89,630	591	3,066	(53,943)	39,344
Ending balance, shares at Sep. 30, 2020	109,833,648
Beginning balance, value at Dec. 31, 2020	$ 89,627	591	2,096	(53,299)	39,015
Beginning balance, shares at Dec. 31, 2020	109,833,648
IfrsStatementLineItems [Line Items]
Net and comprehensive loss				(1,782)	(1,782)
Share capital issued through private placement	$ 1,933				1,933
Share capital issued through private placement, shares	8,290,665
Share capital issued through exercise of warrants	$ 706				706
Share capital issued through exercise of warrants, shares	6,725,019
Exercised warrants	$ 261		(261)
Share issue costs	(33)				(33)
Value allocated to warrants	(614)		614
Forfeited/expired options			(98)	98
Share-based payments			837		837
Ending balance, value at Sep. 30, 2021	$ 91,880	$ 591	$ 3,188	$ (54,983)	$ 40,676
Ending balance, shares at Sep. 30, 2021	124,849,332

Condensed Interim Consolidate_4

Condensed Interim Consolidated Statements of Cash Flows - CAD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
OPERATING ACTIVITIES
Loss for the period	$ (1,782)	$ (2,415)
Items not affecting cash:
Amortization	10	6
Share-based payments	837	969
Equity loss on investment	62
Write-off exploration and evaluation assets		437
Changes in working capital	(203)	(9)
Net cash used in operating activities	(1,076)	(1,012)
INVESTING ACTIVITIES
Expenditures on exploration and evaluation assets	(124)	(603)
Investment	(392)	(5)
Net cash provided by (used in) investing activities	(516)	(608)
FINANCING ACTIVITIES
Proceeds from issuance of common shares	1,933	1,480
Proceeds from exercise of warrants	706
Share issuance costs	(33)	(121)
Net cash provided by financing activities	2,606	1,359
Change in cash for the period	1,014	(261)
Cash, beginning of the period	308	1,098
Cash, end of the period	$ 1,322	$ 837

NATURE AND CONTINUANCE OF OPERA

NATURE AND CONTINUANCE OF OPERATIONS	9 Months Ended
NATURE AND CONTINUANCE OF OPERATIONS	Sep. 30, 2021
Nature And Continuance Of Operations
NATURE AND CONTINUANCE OF OPERATIONS	1. NATURE AND CONTINUANCE OF OPERATIONS North American Nickel Inc. (the “Company”) was incorporated on September 23, 1983, under the laws of the Province of British Columbia, Canada. The primary mailing office is located at 3400 – 100 King Street West, PO Box 130, Toronto, Ontario, M5X 1A4 and the records office of the Company is located at 666 Burrard Street, Suite 2500, Vancouver BC V6C 2X8. The Company’s common shares trade on the TSX Venture Exchange (“TSXV”) under the symbol “NAN”. The Company’s principal business activity is the exploration and development of mineral properties in Greenland and Canada, as well as in Botswana through its participation in Premium Nickel Resources. The Company has not yet determined whether any of these properties contain ore reserves that are economically recoverable. The recoverability of carrying amounts shown for exploration and evaluation assets is dependent upon a number of factors including environmental risk, legal and political risk, the existence of economically recoverable mineral reserves, confirmation of the Company’s interests in the underlying mineral claims, the ability of the Company to obtain necessary financing to complete exploration and development, and to attain sufficient net cash flow from future profitable production or disposition proceeds. These financial statements have been prepared on the assumption that the Company will continue as a going concern, meaning it will continue in operation for the foreseeable future and will be able to realize assets and discharge liabilities in the ordinary course of operations. The ability of the Company to continue operations as a going concern is ultimately dependent upon achieving profitable operations and its ability to raise additional capital. To date, the Company has not generated profitable operations from its resource activities and will need to invest additional funds in carrying out its planned exploration, development and operational activities. These uncertainties cast substantial doubt about the Company’s ability to continue as a going concern. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The exploration and evaluation properties in which the Company currently has an interest are in the exploration stage. As such, the Company is dependent on external financing to fund its activities. In order to carry out the planned exploration and cover administrative costs, the Company will use its existing working capital and raise additional amounts as needed. Although the Company has been successful in its past fundraising activities, there is no assurance as to the success of future fundraising efforts or as to the sufficiency of funds raised in the future. The Company will continue to assess new properties and seek to acquire interests in additional properties if there is sufficient geologic or economic potential and if adequate financial resources are available to do so. The coronavirus COVID-19 declared as a global pandemic in March 2020 continued throughout the 2020 year and to date. This contagious disease outbreak, which continues to spread, and any related adverse public health developments, has adversely affected workforces, economies, and financial markets globally, potentially leading to an economic downturn. The Company is closely monitoring the impact of the pandemic on all aspects of its business but anticipates that COVID-19 may impact the Company’s ability to conduct fieldwork on projects. The consolidated financial statements were approved and authorized for issuance by the Board of Directors of the Company on November 29, 2021. The discussion in notes to the financial statements is stated in Canadian dollars except amounts in tables are expressed in thousands of Canadian dollars.

BASIS OF PREPARATION AND SIGNIF

BASIS OF PREPARATION AND SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
BASIS OF PREPARATION AND SIGNIFICANT ACCOUNTING POLICIES	Sep. 30, 2021
BASIS OF PREPARATION AND SIGNIFICANT ACCOUNTING POLICIES	2. BASIS OF PREPARATION AND SIGNIFICANT ACCOUNTING POLICIES (a) Statement of Compliance These condensed interim consolidated financial statements were prepared in accordance with International Financial Reporting Standards (“IFRS”), including IAS 34 Interim Financial Statements. The condensed interim consolidated financial statements do not include all of the information and disclosures required in the annual financial statements, and should be read in conjunction with the Company’s audited annual financial statements for the year ended December 31, 2020. Any subsequent changes to IFRS that are reflected in the Company’s consolidated financial statements for the year ended December 31, 2021 could result in restatement of these condensed interim consolidated financial statements. Notes to the Condensed Interim Consolidated Financial Statements For the nine months ended September 30, 2021 (Expressed in Canadian dollars) (b) Basis of Preparation These condensed interim consolidated financial statements have been prepared under the historical cost convention, modified by the revaluation of any financial assets and financial liabilities where applicable. The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise judgment in the process of applying the Company’s accounting policies. The significant accounting policies used in the preparation of these condensed interim consolidated financial statements are consistent with those used in the preparation of the annual consolidated financial statements for the year ended December 31, 2020. (c) Basis of consolidation These condensed interim consolidated financial statements include the financial statements of the Company and its wholly-owned subsidiary, North American Nickel (US) Inc. which was incorporated in the State of Delaware on May 22, 2015. Consolidation is required when the Company is exposed, or has rights to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. All intercompany transactions, balances, income and expenses are eliminated upon consolidation.

CHANGES IN ACCOUNTING POLICIES

CHANGES IN ACCOUNTING POLICIES	9 Months Ended
CHANGES IN ACCOUNTING POLICIES	Sep. 30, 2021
CHANGES IN ACCOUNTING POLICIES	3. CHANGES IN ACCOUNTING POLICIES Accounting standards and amendments issued but not yet effective Certain accounting standards or amendments to existing accounting standards that have been issued but have future effective dates are either not applicable or are not expected to have a significant impact on the Company’s financial statements. IAS 16 - “Property, Plant and Equipment” The IASB issued an amendment to IAS 16, Property, Plant and Equipment to prohibit the deducting from property, plant and equipment amounts received from selling items produced while preparing an asset for its intended use. Instead, sales proceeds and its related costs must be recognized in profit or loss. The amendment will require companies to distinguish between costs associated with producing and selling items before the item of property, plant and equipment is available for use and costs associated with making the item of property, plant and equipment available for its intended use. The amendment is effective for annual periods beginning on or after January 1, 2022, with earlier application permitted. The amendment is not currently applicable. IAS 1 – “Presentation of Financial Statements” The IASB issued an amendment to IAS 1, Presentation of Financial Statements to clarify one of the requirements under the standard for classifying a liability as non-current in nature, specifically the requirement for an entity to have the right to defer settlement of the liability for at least 12 months after the reporting period. The amendment includes: (i) specifying that an entity’s right to defer settlement must exist at the end of the reporting period; (ii) clarifying that classification is unaffected by management’s intentions or expectations about whether the entity will exercise its right to defer settlement; (iii) clarifying how lending conditions affect classification; and (iv) clarifying requirements for classifying liabilities an entity will or may settle by issuing its own equity instruments. An assessment will be performed prior to the effective date of January 1, 2023 to determine the impact to the Company’s financial statements. Notes to the Condensed Interim Consolidated Financial Statements For the nine months ended September 30, 2021 (Expressed in Canadian dollars)

RECEIVABLES AND OTHER CURRENT A

RECEIVABLES AND OTHER CURRENT ASSETS	9 Months Ended
RECEIVABLES AND OTHER CURRENT ASSETS	Sep. 30, 2021
RECEIVABLES AND OTHER CURRENT ASSETS	4. RECEIVABLES AND OTHER CURRENT ASSETS A summary of the receivables and other current assets as of September 30, 2021 is detailed in the table below: SCHEDULE OF RECEIVABLES AND OTHER CURRENT ASSETS (All amounts in table are expressed in thousands of Canadian dollars) September 30, 2021 December 31, 2020 Sales taxes receivable 21 23 Other current assets (prepaid expenses and amounts receivable) 68 36 Total receivables and other current assets 89 59

EXPLORATION AND EVALUATION ASSE

EXPLORATION AND EVALUATION ASSETS	9 Months Ended
EXPLORATION AND EVALUATION ASSETS	Sep. 30, 2021
EXPLORATION AND EVALUATION ASSETS	5. EXPLORATION AND EVALUATION ASSETS (All amounts in table are expressed in thousands of Canadian dollars) SCHEDULE OF EXPLORATION AND EVALUATION ASSETS Canada Greenland Post Creek Property Halcyon Property Quetico Claims Lingman Lake Maniitsoq Property Total Acquisition Balance, December 31, 2020 308 238 42 14 46 648 Acquisition costs – cash 10 8 - - 12 30 Balance, September 30, 2021 318 246 42 14 58 678 Exploration Balance, December 31, 2020 1,529 252 142 13 36,519 38,455 Administration - - - - 7 7 Property maintenance 1 1 1 - 17 20 Camp operations - - - - (95 ) (95 ) Drilling - - - - 32 32 Geology 8 8 10 - 37 63 Geophysics - - 1 - - 1 Helicopter charter aircraft - Write-off - 9 9 12 - (2 ) 28 Balance, September 30, 2021 1,538 261 154 13 36,517 38,483 Total, September 30, 2021 1,856 507 196 27 36,575 39,161 Notes to the Condensed Interim Consolidated Financial Statements For the nine months ended September 30, 2021 (Expressed in Canadian dollars) Canada Greenland Post Creek Property Halcyon Property Quetico Claims Enid Creek Lingman Lake Maniitsoq Property Total Acquisition Balance, December 31, 2019 298 230 42 83 14 42 709 Acquisition costs – cash 10 8 - - - 4 22 Balance, September 30, 2020 308 238 42 83 14 46 731 Exploration Balance, December 31, 2019 1,498 233 39 33 13 36,108 37,924 Administration - - - - - 16 16 Property maintenance 6 5 - - - 17 28 Drilling - - 6 166 - - 172 Geology 19 9 69 83 - 78 258 Geophysics 2 1 28 72 - 3 106 Helicopter charter aircraft - - - - - 8 8 Write-off - - - (437 ) - - (437 ) 27 15 103 (116 ) - 122 151 Balance, September 30 ,2020 1,525 248 142 (83 ) 13 36,230 38,075 Total, September 30, 2020 1,833 486 184 - 27 36,276 38,806 Notes to the Condensed Interim Consolidated Financial Statements For the nine months ended September 30, 2021 (Expressed in Canadian dollars) The following is a description of the Company’s exploration and evaluation assets and the related spending commitments: Post Creek On December 23, 2009 and as last amended on March 12, 2013, the Company completed the required consideration and acquired the rights to a mineral claim known as the Post Creek Property located within the Sudbury Mining District of Ontario. Commencing August 1, 2015, the Company is obligated to pay advances on net smelter return royalties (“NSR”) of $ 10,000 10,000 10,000 During the nine months period ended September 30, 2021, the Company incurred $ 19,016 36,944 Halcyon On September 30, 2015, the Company completed the required consideration of the option agreement and acquired rights to a mineral claim known as the Halcyon Property located within the Sudbury Mining District of Ontario, subject to certain NSR and advance royalty payments. Commencing August 1, 2015, the Company is obligated to pay advances on the NSR of $ 8,000 8,000 8,000 During the nine months period ended September 30, 2021, the Company incurred $ 17,016 23,257 Quetico On April 26, 2018, the Company acquired the right to certain mineral claims known as Quetico located within the Sudbury Mining District of Ontario. The Company incurred total acquisition and exploration related costs of $ 64,256 The Company had no minimum required exploration commitment for the years ended December 31, 2020, 2019 and 2018 as it is not required to file any geoscience assessment work between the initial recording of a mining claim and the first anniversary date of the mining claim and claim anniversary dates were adjusted as a result of the COVID-19 pandemic. In April 2020, the Company applied for a one year exclusion under a COVID-19 relief program offered by the Ontario Ministry of Energy, Northern Development and Mines, thus adjusting the claim anniversary dates to April and May of 2021. The COVID-19 relief program was offered again commencing in 2021, and the Company has applied an additional one year exclusion. By the second anniversary of the recording of a claim and by each anniversary thereafter, a minimum of $400 worth of exploration activity per claim unit must be reported to the Provincial Recording Office. 324,000 39,835 21,948 During the nine months period ended September 30, 2021, the Company incurred $ 11,668 102,715 Loveland Nickel (Enid Creek) Property On September 25, 2019, the Company entered into earn in agreement to acquire a 100 1 1,525,000 300,000 25,000 300,000 51,000 4,500,000 Notes to the Condensed Interim Consolidated Financial Statements For the nine months ended September 30, 2021 (Expressed in Canadian dollars) As of December 31, 2020, the Company incurred an aggregate exploration and acquisition expenditures of $ 437,897 437,897 Lingman Lake Property During the year ended December 31, 2019, the Company staked certain mineral claims known as Lingman Lake located northwest of Thunder Bay, Ontario. During the nine months period ended September 30, 2021, the Company incurred total acquisition and related costs of $ Nil Nil Maniitsoq The Company has been granted certain exploration licenses, by the Bureau of Minerals and Petroleum (“BMP”) of Greenland for exclusive exploration rights of an area comprising the Maniitsoq Property, located near Ininngui, Greenland. The Maniitsoq Property is subject to a 2.5 1 2,000,000 60 At the expiration of the first license period, the Company may apply for a second license period (years 6-10), and the Company may apply for a further 3 3 The Company may terminate the licenses at any time, however any unfulfilled obligations according to the licenses will remain in force, regardless of the termination. Future required minimum exploration expenditures will be adjusted each year on the basis of the change to the Danish Consumer Price Index. On January 7, 2021, the Company announced that it has received notification from the Greenland government that surplus assessment credits from exploration conducted on the Company’s exclusive mineral exploration licenses located on the southwest coast of Greenland have been extended by one year. Mineral licenses that received one-year credit extension include exploration license 2011/54, exploration license 2012/28 and exploration license 2018/21. During the nine months period ended September 30, 2021, the Company spent in aggregate of $ 98,001 126,074 During the year ended December 31, 2020, the Company has recorded a $ 267,000 172,394 94,606 Further details on the licenses comprising the Maniitsoq Property and related expenditures are outlined below: Sulussugut License (2011/54) (All references to amounts in Danish Kroners, “DKK”) Effective August 15, 2011, the Company was granted an exploration license (the “Sulussugut License”) by the BMP of Greenland for exclusive exploration rights of an area located near Sulussugut, Greenland. The Company paid a license fee of $ 5,742 31,400 5 7,982 40,400 Notes to the Condensed Interim Consolidated Financial Statements For the nine months ended September 30, 2021 (Expressed in Canadian dollars) During the year ended December 31, 2020, the Company received one year period license extension, which provides for renewal period until 2021. To December 31, 2015, under the terms of a preliminary license, the Company completed the exploration requirements of an estimated minimum of DKK 83,809,340 15,808,386 26,115,831 56,262,968 The Company had no minimum required exploration commitment for the year ended December 31, 2020 and available credits of DKK 283,945,553 58,776,729 865,100 179,076 The credits available from each year may be carried forward for 3 years plus 1 year extension and expire between December 31, 2022 to December 2024. The Company has no exploration commitment for 2021 year. During the nine months period ended September 30, 2021, the Company spent a total of $ 81,604 103,414 To December 31, 2020 and 2019, the Company has completed all obligations with respect to required reduction of the area of the license. Ininngui License (2012/28) Effective March 4, 2012, the Company was granted an exploration license (the “Ininngui License”) by the BMP of Greenland for exclusive exploration rights of an area located near Ininngui, Greenland. The Company paid a license fee of $ 5,755 32,200 The Ininngui License was valid for an initial 5 years until December 31, 2016, with December 31, 2012 being the first year. The license was extended for a further 5 years, until December 31, 2021, with December 31, 2017 being the first year. During the year ended December 31, 2020, the Company received one year period license extension, which provides for renewal period until 2022. The Ininngui License is contiguous with the Sulussugut License. Should the Company not incur the minimum exploration expenditures on the license in any one year from years 2-5, the Company may pay 50% of the difference in cash to BMP as full compensation for that year. This procedure may not be used for more than 2 consecutive calendar years and as at December 31, 2020, the Company has not used the procedure for the license The Company had no minimum required exploration commitment for the year ended December 31, 2020. As of December 31, 2020, the Company has spent $ 5,199,578 30,424,551 6,297,882 The credits available from each year may be carried forward for 3 years plus 1 year extension and expire between December 31, 2022 to December 2024. The Company has no exploration commitment for 2021 year. During the nine months period ended September 30, 2021, the Company spent a total of $ 16,397 17,230 Carbonatite License (2018/21) Effective May 4, 2018, the Company was granted an exploration license (the “Carbonatite License”) by the BMP of Greenland for exclusive exploration rights of an area located near Maniitsoq in West Greenland. The Company paid a license fee of $ 6,523 31,000 The Carbonatite License is valid for 5 years until December 31, 2022, with December 31, 2020 being the third year. During the year ended December 31, 2020, the Company received one year period license extension, which provides for renewal period until 2023. The Company has no minimum required exploration obligation for the year ended December 31, 2020. As of December 31, 2020, the Company has spent $ 1,504,317 10,544,473 2,182,706 The credit available from each year may be carried forward 3 years plus 1 year extension and expire between December 31, 2023 to December 2024. The Company has no exploration commitment for 2021 year. Notes to the Condensed Interim Consolidated Financial Statements For the nine months ended September 30, 2021 (Expressed in Canadian dollars) During the nine months period ended September 30, 2021, the Company spent a total of $ 6,068 5,430 West Greenland Prospecting License (2020/05) On February 18, 2020, the Company was granted new prospective license No. 2020/05, by the BMP of Greenland for a period of 5 years ending December 31, 2024. 4,301 21,900 During the nine months period ended September 30, 2021, the Company spent a total of $ 396 4,301

TRADE PAYABLES AND ACCRUED LIAB

TRADE PAYABLES AND ACCRUED LIABILITIES	9 Months Ended
TRADE PAYABLES AND ACCRUED LIABILITIES	Sep. 30, 2021
TRADE PAYABLES AND ACCRUED LIABILITIES	6. TRADE PAYABLES AND ACCRUED LIABILITIES SUMMARY OF TRADE PAYABLES AND ACCRUED LIABILITIES (All amounts in table are expressed in thousands of Canadian dollars) September 30, 2021 December 31, 2020 Trade payables 555 290 Amounts due to related parties (Note 9) 64 28 Accrued liabilities 3 44 Total Trade payables and accrued liabilities 622 362

SHARE CAPITAL, WARRANTS AND OPT

SHARE CAPITAL, WARRANTS AND OPTIONS	9 Months Ended
SHARE CAPITAL, WARRANTS AND OPTIONS	Sep. 30, 2021
Share Capital Warrants And Options
SHARE CAPITAL, WARRANTS AND OPTIONS	7. SHARE CAPITAL, WARRANTS AND OPTIONS The authorized capital of the Company comprises an unlimited number of common shares without par value and 100,000,000 a) Common shares issued and outstanding 2021 On April 20, 2021 the Company closed a non-brokered private placement consisting of an aggregate of 8,290,665 0.24 1,989,760 Each full Warrant entitles the holder to acquire one common share of the Company within twenty-four (24) months following its issuance date, at a price of $0.35. The warrants are subject to an acceleration clause such that if the closing market price of the common shares on the TSX-V is greater than $0.60 per common share for a period of 10 consecutive trading days at any time after the four-month anniversary of the closing of the placement, the Company may, at its option, accelerate the warrant expiry date to within 30 days. In connection with the private placement, the Company has paid eligible finders (the “Finders”): (i) cash commission equal to 6% of the gross proceeds raised from subscribers introduced to the Company by such Finders, being an aggregate of $ 57,190 238,289 0.35 The Company allocated a $ 580,187 33,351 2 0% 0.29% 163% Notes to the Condensed Interim Consolidated Financial Statements For the nine months ended September 30, 2021 (Expressed in Canadian dollars) During the nine months period ended September 30, 2021, the Company issued 6,725,019 705,547 6,725,019 As at September 30, 2021, the Company has 124,849,332 109,833,648 2020 On August 13, 2020, the Company closed the first tranche of its non-brokered private placement equity financing consisting of 15,481,077 0.07 1,083,675 5,661,780 0.07 396,325 Each unit consists of one common share in the capital of the Company and one transferable common share purchase warrant of the Company. Each warrant will entitle the holder to acquire one common share of the Company at an exercise price of $0.09 for a period of 24 months from its date of issuance. The warrants are subject to an acceleration clause such that if the closing market price of the common shares on the TSX-V is greater than $0.12 per common share for a period of 10 consecutive trading days at any time after the four-month anniversary of the closing of the placement, the Company may, at its option, accelerate the warrant expiry date to within 30 days. In connection with the non-brokered private financing, the Company incurred total share issuance costs of $ 124,222 588,154 0.09 The Company allocated a $ 716,055 18,547 2 0% 0.28% 0.31% 158% 158.53% As at December 31, 2020 the Company had 109,833,648 b) Preferred shares issued and outstanding As at September 30, 2021 and September 30, 2020, there are 590,931 The rights and restrictions of the preferred shares are as follows: i) dividends shall be paid at the discretion of the directors; ii) the holders of the preferred shares are not entitled to vote except at meetings of the holders of the preferred shares, where they are entitled to one vote for each preferred share held; iii) the shares are convertible at any time after 6 months from the date of issuance, upon the holder serving the Company with 10 days written notice; and iv) the number of the common shares to be received on conversion of the preferred shares is to be determined by dividing the conversion value of the share, $ 1 9.00 Notes to the Condensed Interim Consolidated Financial Statements For the nine months ended September 30, 2021 (Expressed in Canadian dollars) c) Warrants A summary of common share purchase warrants activity during the nine months period ended September 30, 2021 is as follows: SCHEDULE OF NUMBER AND WEIGHTED AVERAGE EXERCISE PRICES OF WARRANTS September 30, 2021 December 31, 2020 Number Outstanding Weighted Average Exercise Price ($) Number Outstanding Weighted Average Exercise Price ($) Outstanding, beginning of the period 25,715,742 0.11 15,651,397 0.96 Issued 4,383,620 0.35 21,731,011 0.09 Exercised (6,725,019 ) 0.10 - - Cancelled / expired - - (11,666,666 ) 1.20 Outstanding, end of the period 23,374,343 0.16 25,715,742 0.11 At September 30, 2021, the Company had outstanding common share purchase warrants exercisable to acquire common shares of the Company as follows: SCHEDULE OF NUMBER AND WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE OF OUTSTANDING WARRANTS Warrants Outstanding Expiry Date Exercise Price ($) Weighted Average remaining contractual life (years) 3,359,133 December 18, 2021 0.25 0.03 12,488,781 1 August 13, 2022 0.09 0.46 3,142,809 1 August 31, 2022 0.09 0.12 4,383,620 April 16, 2023 0.35 0.29 23,374,343 0.90 1 The warrants are subject to an acceleration clause such that if the volume-weighted average trading price of the Company’s common shares on the TSX-V exceeds $ 0.12 10 d) Stock options The Company adopted a Stock Option Plan (the “Plan”), providing the authority to grant options to directors, officers, employees and consultants enabling them to acquire up to 10% of the issued and outstanding common stock of the Company. Under the Plan, the exercise price of each option equals the market price or a discounted price of the Company’s stock as calculated on the date of grant. The options can be granted for a maximum term of 10 years. A summary of option activity under the Plan during the nine months period ended September 30, 2021, is as follows: SCHEDULE OF NUMBER AND WEIGHTED AVERAGE EXERCISE PRICES OF SHARE OPTIONS September 30, 2021 December 31, 2020 Number Outstanding Weighted Average Exercise Price ($) Number Outstanding Weighted Average Exercise Price ($) Outstanding, beginning of the period 7,978,725 0.17 2,130,550 1.51 Issued 3,185,000 0.32 7,850,000 0.15 Cancelled / expired (603,100 ) 0.33 (2,001,825 ) 1.51 Outstanding, end of the period 10,560,625 0.21 7,978,725 0.17 Notes to the Condensed Interim Consolidated Financial Statements For the nine months ended September 30, 2021 (Expressed in Canadian dollars) During the nine months period ended September 30, 2021, the Company granted an aggregate total of 3,185,000 5 years 0.32 837,444 During the nine months period ended September 30, 2020, the Company granted an aggregate total of 7,850,000 five years 6,650,000 0.16 1,200,000 0.09 969,391 The fair value of stock options granted and vested during the years ended September 30, 2021 was calculated using the following assumptions: SCHEDULE OF INPUTS TO OPTION PRICING MODEL September 30, 2021 September 30, 2020 Expected dividend yield 0 % 0 % Expected share price volatility 127.83 % 121.55 125.025 % Risk free interest rate 0.93 % 0.39 1.21 % Expected life of options 5 5 Details of options outstanding as at September 30, 2021 are as follows: SCHEDULE OF NUMBER AND WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE OF OUTSTANDING SHARE OPTIONS Options Outstanding Options Exercisable Expiry Date Exercise Price ($) Weighted average remaining contractual life (years) 40,625 40,625 February 21, 2022 1.20 0.00 35,000 35,000 February 28, 2023 1.20 0.00 6,100,000 6,100,000 February 24, 2025 0.16 1.97 1,200,000 1,200,000 August 19, 2025 0.09 0.44 3,185,000 3,185,000 February 25, 2026 0.32 1.33 10,560,625 10,560,625 3.74 e) Reserve The reserve records items recognized as stock-based compensation expense and other share-based payments until such time that the stock options or warrants are exercised, at which time the corresponding amount will be transferred to share capital. Amounts recorded for forfeited or expired unexercised options and warrants are transferred to deficit. During the nine months period ended September 30, 2021, the Company transferred $ 97,953 240,862 260,916 2,571,514 During the nine months period year ended September 30, 2021, the Company recorded $ 837,444 969,391

INVESTMENT IN PREMIUM NICKEL RE

INVESTMENT IN PREMIUM NICKEL RESOURCES INC.	9 Months Ended
INVESTMENT IN PREMIUM NICKEL RESOURCES INC.	Sep. 30, 2021
INVESTMENT IN PREMIUM NICKEL RESOURCES INC.	8. INVESTMENT IN PREMIUM NICKEL RESOURCES INC. On September 30, 2019, the Company entered into a Memorandum of Understanding (“MOU”) with Premium Nickel Resources Inc. (“Premium Nickel”). Pursuant to the MOU, the Company and Premium Nickel set forth their interests in negotiating and acquiring the business and assets of BCL Limited, a private company with operations in Botswana that is currently in liquidation. Notes to the Condensed Interim Consolidated Financial Statements For the nine months ended September 30, 2021 (Expressed in Canadian dollars) Concurrent with the MOU, the Company initially subscribed for 2,400,000 0.01 24,000 The Company’s initial investment included a provision that gives the Company the right to nominate two directors to the board of directors of Premium Nickel. The Company’s initial investment also included Premium Nickel issuing the Company a non-transferable share purchase warrant (the “Warrant”), which entitles the Company to purchase common shares of Premium Nickel, for up to 15% of the capital of Premium Nickel upon payment of US $10 million prior to the fifth anniversary of the date of issue. To December 31, 2020, the Company subscribed for a further 4,657,711 154,164 On January 14, 2021, the Company invested a further $ 50,400 251,000 100,400 50,000 358,996 341,046 10 10.96 As at September 30, 2021, the Company had representation on the board, participate in the policy-making process, material transactions between the Company and Premium Nickel, interchange of managerial personnel, provision of essential technical information and operating involvement. Accordingly, the Company determined that it has significant influence in Premium Nickel and has used equity accounting of the investment. Premium Nickel’s financial information at September 30, 2021 was net assets of $ 3,848,468 618,900 61,890 Details of the Company’s investment at September 30, 2021 is as follows: SCHEDULE OF INVESTMENT Investment Balance, December 31, 2020 48 Reallocation of advance 50 Investment 392 Share of loss of Premium Nickel (62 ) Balance, September 30, 2021 428 On January 1, 2020, the Company entered into a Management and Technical Services Agreement (“the Services Agreement”) with Premium Nickel whereby the Company will provide certain technical, corporate, administrative and clerical, office and other services to Premium Nickel during the due diligence stage of the contemplated arrangement. The Company will charge Premium Nickel for expenses incurred and has the right to charge a 2% administrative fee on third party expenses. The Company will invoice Premium Nickel on a monthly basis and payment shall be made by Premium Nickel no later than 15 days after receipt of such invoice. The term of the Service Agreement is for an initial period of 3 years and can be renewed for an additional 1 year period. The Service Agreement can be terminated within 30 days notice, for non-performance, by the Company giving 6 months notice or Premium Nickel within 90 days provided the Company no longer owns at least 10% of the outstanding common shares of Premium Nickel. If Premium Nickel defaults on making payments, the outstanding balance shall be treated as a loan to Premium Nickel, to be evidenced by a promissory note. The promissory note will be payable upon demand and bear interest at a rate equal to the then current lending rate plus 1%, calculated from the date of default. Subsequent payment by Premium Nickel will be first applied to accrued interest and then principle of the invoice. 1,649,507 537,742 29,325 1,416,485 498,710 287,312 Nil 287,312 Notes to the Condensed Interim Consolidated Financial Statements For the nine months ended September 30, 2021 (Expressed in Canadian dollars)

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
RELATED PARTY TRANSACTIONS	Sep. 30, 2021
RELATED PARTY TRANSACTIONS	9. RELATED PARTY TRANSACTIONS The following amounts due to related parties are included in trade payables and accrued liabilities (Note 6): SCHEDULE OF AMOUNTS DUE TO RELATED PARTIES, INCLUDED IN TRADE PAYABLES AND ACCRUED LIABILITIES (All amounts in table are expressed in thousands of Canadian dollars) September 30, 2021 December 31, 2020 Directors and officers of the Company 59 21 Related company 5 7 Total 64 28 These amounts are unsecured, non-interest bearing and have no fixed terms of repayment. The following amount due from related party and advance represent as well as investment in Premium Nickel a private company incorporated in Ontario, in which certain directors and officers of the Company also hold offices and minority investments. (All amounts in table are expressed in thousands of Canadian dollars) September 30, 2021 December 31, 2020 Due from related party 287 55 Advance - 50 Investment 428 48 Total 715 153 (a) Related party transactions Sentient Executive GP IV Limited (“Sentient”) and Contemporary Amperex Technology Limited (“CATL”) have historically subscribed to private placements of the Company. As of September 30, 2021, Sentient beneficially owns 36,980,982 33.66 As of September 30, 2021, CATL beneficially owns 22,944,444 20.89 During the nine months period ended September 30, 2021, the Company recorded $ 36,957 155,810 Notes to the Condensed Interim Consolidated Financial Statements For the nine months ended September 30, 2021 (Expressed in Canadian dollars) (b) Key management personnel are defined as members of the Board of Directors and senior officers. Key management compensation was: SCHEDULE OF KEY MANAGEMENT COMPENSATION (All amounts in table are expressed in thousands of Canadian dollars) September 30, 2021 September 30, 2020 Geological consulting fees – expensed - 5 Management fees – expensed 539 360 Salaries - expensed - 128 Share-based payments 621 671 Total 1,160 1,164

SUPPLEMENTAL CASH FLOW INFORMAT

SUPPLEMENTAL CASH FLOW INFORMATION	9 Months Ended
SUPPLEMENTAL CASH FLOW INFORMATION	Sep. 30, 2021
Supplemental Cash Flow Information
SUPPLEMENTAL CASH FLOW INFORMATION	10. SUPPLEMENTAL CASH FLOW INFORMATION Changes in working capital for the nine months period ended September 30, 2021 and 2020 are as follows: SCHEDULE OF CHANGES IN WORKING CAPITAL (All amounts in table are expressed in thousands of Canadian dollars) September 30, 2021 September 30, 2020 (Increase) decrease in accounts receivables (230 ) 43 (Increase) decrease in prepaid expenses (32 ) 14 Increase (decrease) in trade payables and accrued liabilities 59 (66 ) Total changes in working capital (203 ) (9 ) During the nine months period ended September 30, 2021, the Company: i) transferred $ 97,953 ii) Transferred $ 260,916 iii) recorded $ 105,617 iv) Reclassed $ 50,000 During the year ended September 30, 2020, the Company: i) transferred $ 2,812,376 ii) recorded $ 6,958 iii) Recorded $ 139,164 134,447

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
COMMITMENTS AND CONTINGENCIES	Sep. 30, 2021
COMMITMENTS AND CONTINGENCIES	11. COMMITMENTS AND CONTINGENCIES The Company has certain commitments to meet the minimum expenditures requirements on its exploration and evaluation assets. Further, the Company has a site restoration obligation with respect to its Greenland exploration and evaluation asset. Effective July 1, 2014, the Company had changes to management and entered into the following agreements for services with directors of the Company and a company in which a director has an interest: i) Directors’ fees: $ 2,000 3,000 2,500 ii) Management fees: $ 30,951 16,907 Notes to the Condensed Interim Consolidated Financial Statements For the nine months ended September 30, 2021 (Expressed in Canadian dollars) Effectively on June 1, 2018, the Company changed the terms with Keith Morrison, the CEO, from direct employment to contracted consultant and entered into a service agreement with his company. Each of the agreements shall be continuous and may only be terminated by mutual agreement of the parties, subject to the provisions that in the event there is a change of effective control of the Company, the party shall have the right to terminate the agreement, within ninety days thirty days

SEGMENTED INFORMATION

SEGMENTED INFORMATION	9 Months Ended
SEGMENTED INFORMATION	Sep. 30, 2021
SEGMENTED INFORMATION	12. SEGMENTED INFORMATION The Company operates in one two SCHEDULE OF GEOGRAPHIC SEGMENTS (All amounts in table are expressed in thousands of Canadian dollars) September 30, 2021 December 31, 2020 Equipment Canada 4 6 Greenland 7 15 Total 11 21 September 30, 2021 December 31, 2020 Exploration and evaluation assets Canada 2,586 2,538 Greenland 36,575 36,565 Total 39,161 39,103

GENERAL AND ADMINISTRATIVE EXPE

GENERAL AND ADMINISTRATIVE EXPENSES	9 Months Ended
GENERAL AND ADMINISTRATIVE EXPENSES	Sep. 30, 2021
GENERAL AND ADMINISTRATIVE EXPENSES	13. GENERAL AND ADMINISTRATIVE EXPENSES Details of the general and administrative expenses by nature are presented in the following table: (All amounts in table are expressed in thousands of Canadian dollars) SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSES September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Three Months Ended Nine Months Ended September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Consulting fees 53 40 273 124 Professional fees 7 20 40 101 Management fees 86 110 347 366 Investor relations 44 31 106 45 Filing fees 2 16 30 37 Salaries and benefits - 80 - 248 General office expenses 9 18 61 58 Total 201 315 857 979

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
SUBSEQUENT EVENTS	Sep. 30, 2021
SUBSEQUENT EVENTS	14. SUBSEQUENT EVENTS (a) On November 24, 2021, the Company held its Annual General and Special Meeting of shareholders of the Company. The shareholders ratified and approved the number of directors at six (6) and re-elected Charles Riopel, Douglas Ford, Christopher Messina, Keith Morrison, Zhen Janet Huang and John Hick as directors of the Company for the ensuing year. In addition, shareholders approved the incentive stock options granted to NAN Chief Executive Officer, Keith Morrison, to purchase 4,993,972 five years 0.40 (b) The Company has issued 1,025,921 0.25 (c) The Company has issued 3,495,535 0.09 (d) The Company has issued 150,000 0.16

BASIS OF PREPARATION AND SIGN_2

BASIS OF PREPARATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2021
Statement of Compliance	(a) Statement of Compliance These condensed interim consolidated financial statements were prepared in accordance with International Financial Reporting Standards (“IFRS”), including IAS 34 Interim Financial Statements. The condensed interim consolidated financial statements do not include all of the information and disclosures required in the annual financial statements, and should be read in conjunction with the Company’s audited annual financial statements for the year ended December 31, 2020. Any subsequent changes to IFRS that are reflected in the Company’s consolidated financial statements for the year ended December 31, 2021 could result in restatement of these condensed interim consolidated financial statements. Notes to the Condensed Interim Consolidated Financial Statements For the nine months ended September 30, 2021 (Expressed in Canadian dollars)
Basis of Preparation	(b) Basis of Preparation These condensed interim consolidated financial statements have been prepared under the historical cost convention, modified by the revaluation of any financial assets and financial liabilities where applicable. The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise judgment in the process of applying the Company’s accounting policies. The significant accounting policies used in the preparation of these condensed interim consolidated financial statements are consistent with those used in the preparation of the annual consolidated financial statements for the year ended December 31, 2020.
Basis of consolidation	(c) Basis of consolidation These condensed interim consolidated financial statements include the financial statements of the Company and its wholly-owned subsidiary, North American Nickel (US) Inc. which was incorporated in the State of Delaware on May 22, 2015. Consolidation is required when the Company is exposed, or has rights to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. All intercompany transactions, balances, income and expenses are eliminated upon consolidation.

RECEIVABLES AND OTHER CURRENT_2

RECEIVABLES AND OTHER CURRENT ASSETS (Tables)	9 Months Ended
RECEIVABLES AND OTHER CURRENT ASSETS (Tables)	Sep. 30, 2021
SCHEDULE OF RECEIVABLES AND OTHER CURRENT ASSETS	A summary of the receivables and other current assets as of September 30, 2021 is detailed in the table below: SCHEDULE OF RECEIVABLES AND OTHER CURRENT ASSETS (All amounts in table are expressed in thousands of Canadian dollars) September 30, 2021 December 31, 2020 Sales taxes receivable 21 23 Other current assets (prepaid expenses and amounts receivable) 68 36 Total receivables and other current assets 89 59

EXPLORATION AND EVALUATION AS_2

EXPLORATION AND EVALUATION ASSETS (Tables)	9 Months Ended
EXPLORATION AND EVALUATION ASSETS (Tables)	Sep. 30, 2021
SCHEDULE OF EXPLORATION AND EVALUATION ASSETS	SCHEDULE OF EXPLORATION AND EVALUATION ASSETS Canada Greenland Post Creek Property Halcyon Property Quetico Claims Lingman Lake Maniitsoq Property Total Acquisition Balance, December 31, 2020 308 238 42 14 46 648 Acquisition costs – cash 10 8 - - 12 30 Balance, September 30, 2021 318 246 42 14 58 678 Exploration Balance, December 31, 2020 1,529 252 142 13 36,519 38,455 Administration - - - - 7 7 Property maintenance 1 1 1 - 17 20 Camp operations - - - - (95 ) (95 ) Drilling - - - - 32 32 Geology 8 8 10 - 37 63 Geophysics - - 1 - - 1 Helicopter charter aircraft - Write-off - 9 9 12 - (2 ) 28 Balance, September 30, 2021 1,538 261 154 13 36,517 38,483 Total, September 30, 2021 1,856 507 196 27 36,575 39,161 Notes to the Condensed Interim Consolidated Financial Statements For the nine months ended September 30, 2021 (Expressed in Canadian dollars) Canada Greenland Post Creek Property Halcyon Property Quetico Claims Enid Creek Lingman Lake Maniitsoq Property Total Acquisition Balance, December 31, 2019 298 230 42 83 14 42 709 Acquisition costs – cash 10 8 - - - 4 22 Balance, September 30, 2020 308 238 42 83 14 46 731 Exploration Balance, December 31, 2019 1,498 233 39 33 13 36,108 37,924 Administration - - - - - 16 16 Property maintenance 6 5 - - - 17 28 Drilling - - 6 166 - - 172 Geology 19 9 69 83 - 78 258 Geophysics 2 1 28 72 - 3 106 Helicopter charter aircraft - - - - - 8 8 Write-off - - - (437 ) - - (437 ) 27 15 103 (116 ) - 122 151 Balance, September 30 ,2020 1,525 248 142 (83 ) 13 36,230 38,075 Total, September 30, 2020 1,833 486 184 - 27 36,276 38,806

TRADE PAYABLES AND ACCRUED LI_2

TRADE PAYABLES AND ACCRUED LIABILITIES (Tables)	9 Months Ended
TRADE PAYABLES AND ACCRUED LIABILITIES (Tables)	Sep. 30, 2021
SUMMARY OF TRADE PAYABLES AND ACCRUED LIABILITIES	SUMMARY OF TRADE PAYABLES AND ACCRUED LIABILITIES (All amounts in table are expressed in thousands of Canadian dollars) September 30, 2021 December 31, 2020 Trade payables 555 290 Amounts due to related parties (Note 9) 64 28 Accrued liabilities 3 44 Total Trade payables and accrued liabilities 622 362

SHARE CAPITAL, WARRANTS AND O_2

SHARE CAPITAL, WARRANTS AND OPTIONS (Tables)	9 Months Ended
SHARE CAPITAL, WARRANTS AND OPTIONS (Tables)	Sep. 30, 2021
Share Capital Warrants And Options
SCHEDULE OF NUMBER AND WEIGHTED AVERAGE EXERCISE PRICES OF WARRANTS	A summary of common share purchase warrants activity during the nine months period ended September 30, 2021 is as follows: SCHEDULE OF NUMBER AND WEIGHTED AVERAGE EXERCISE PRICES OF WARRANTS September 30, 2021 December 31, 2020 Number Outstanding Weighted Average Exercise Price ($) Number Outstanding Weighted Average Exercise Price ($) Outstanding, beginning of the period 25,715,742 0.11 15,651,397 0.96 Issued 4,383,620 0.35 21,731,011 0.09 Exercised (6,725,019 ) 0.10 - - Cancelled / expired - - (11,666,666 ) 1.20 Outstanding, end of the period 23,374,343 0.16 25,715,742 0.11
SCHEDULE OF NUMBER AND WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE OF OUTSTANDING WARRANTS	At September 30, 2021, the Company had outstanding common share purchase warrants exercisable to acquire common shares of the Company as follows: SCHEDULE OF NUMBER AND WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE OF OUTSTANDING WARRANTS Warrants Outstanding Expiry Date Exercise Price ($) Weighted Average remaining contractual life (years) 3,359,133 December 18, 2021 0.25 0.03 12,488,781 1 August 13, 2022 0.09 0.46 3,142,809 1 August 31, 2022 0.09 0.12 4,383,620 April 16, 2023 0.35 0.29 23,374,343 0.90 1 The warrants are subject to an acceleration clause such that if the volume-weighted average trading price of the Company’s common shares on the TSX-V exceeds $ 0.12 10
SCHEDULE OF NUMBER AND WEIGHTED AVERAGE EXERCISE PRICES OF SHARE OPTIONS	A summary of option activity under the Plan during the nine months period ended September 30, 2021, is as follows: SCHEDULE OF NUMBER AND WEIGHTED AVERAGE EXERCISE PRICES OF SHARE OPTIONS September 30, 2021 December 31, 2020 Number Outstanding Weighted Average Exercise Price ($) Number Outstanding Weighted Average Exercise Price ($) Outstanding, beginning of the period 7,978,725 0.17 2,130,550 1.51 Issued 3,185,000 0.32 7,850,000 0.15 Cancelled / expired (603,100 ) 0.33 (2,001,825 ) 1.51 Outstanding, end of the period 10,560,625 0.21 7,978,725 0.17
SCHEDULE OF INPUTS TO OPTION PRICING MODEL	The fair value of stock options granted and vested during the years ended September 30, 2021 was calculated using the following assumptions: SCHEDULE OF INPUTS TO OPTION PRICING MODEL September 30, 2021 September 30, 2020 Expected dividend yield 0 % 0 % Expected share price volatility 127.83 % 121.55 125.025 % Risk free interest rate 0.93 % 0.39 1.21 % Expected life of options 5 5
SCHEDULE OF NUMBER AND WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE OF OUTSTANDING SHARE OPTIONS	Details of options outstanding as at September 30, 2021 are as follows: SCHEDULE OF NUMBER AND WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE OF OUTSTANDING SHARE OPTIONS Options Outstanding Options Exercisable Expiry Date Exercise Price ($) Weighted average remaining contractual life (years) 40,625 40,625 February 21, 2022 1.20 0.00 35,000 35,000 February 28, 2023 1.20 0.00 6,100,000 6,100,000 February 24, 2025 0.16 1.97 1,200,000 1,200,000 August 19, 2025 0.09 0.44 3,185,000 3,185,000 February 25, 2026 0.32 1.33 10,560,625 10,560,625 3.74

INVESTMENT IN PREMIUM NICKEL _2

INVESTMENT IN PREMIUM NICKEL RESOURCES INC. (Tables)	9 Months Ended
INVESTMENT IN PREMIUM NICKEL RESOURCES INC. (Tables)	Sep. 30, 2021
SCHEDULE OF INVESTMENT	Details of the Company’s investment at September 30, 2021 is as follows: SCHEDULE OF INVESTMENT Investment Balance, December 31, 2020 48 Reallocation of advance 50 Investment 392 Share of loss of Premium Nickel (62 ) Balance, September 30, 2021 428

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	9 Months Ended
RELATED PARTY TRANSACTIONS (Tables)	Sep. 30, 2021
SCHEDULE OF AMOUNTS DUE TO RELATED PARTIES, INCLUDED IN TRADE PAYABLES AND ACCRUED LIABILITIES	The following amounts due to related parties are included in trade payables and accrued liabilities (Note 6): SCHEDULE OF AMOUNTS DUE TO RELATED PARTIES, INCLUDED IN TRADE PAYABLES AND ACCRUED LIABILITIES (All amounts in table are expressed in thousands of Canadian dollars) September 30, 2021 December 31, 2020 Directors and officers of the Company 59 21 Related company 5 7 Total 64 28
SCHEDULE OF KEY MANAGEMENT COMPENSATION	Key management compensation was: SCHEDULE OF KEY MANAGEMENT COMPENSATION (All amounts in table are expressed in thousands of Canadian dollars) September 30, 2021 September 30, 2020 Geological consulting fees – expensed - 5 Management fees – expensed 539 360 Salaries - expensed - 128 Share-based payments 621 671 Total 1,160 1,164

SUPPLEMENTAL CASH FLOW INFORM_2

SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	9 Months Ended
SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	Sep. 30, 2021
Supplemental Cash Flow Information
SCHEDULE OF CHANGES IN WORKING CAPITAL	Changes in working capital for the nine months period ended September 30, 2021 and 2020 are as follows: SCHEDULE OF CHANGES IN WORKING CAPITAL (All amounts in table are expressed in thousands of Canadian dollars) September 30, 2021 September 30, 2020 (Increase) decrease in accounts receivables (230 ) 43 (Increase) decrease in prepaid expenses (32 ) 14 Increase (decrease) in trade payables and accrued liabilities 59 (66 ) Total changes in working capital (203 ) (9 )

SEGMENTED INFORMATION (Tables)

SEGMENTED INFORMATION (Tables)	9 Months Ended
SEGMENTED INFORMATION (Tables)	Sep. 30, 2021
SCHEDULE OF GEOGRAPHIC SEGMENTS	The Company operates in one two SCHEDULE OF GEOGRAPHIC SEGMENTS (All amounts in table are expressed in thousands of Canadian dollars) September 30, 2021 December 31, 2020 Equipment Canada 4 6 Greenland 7 15 Total 11 21 September 30, 2021 December 31, 2020 Exploration and evaluation assets Canada 2,586 2,538 Greenland 36,575 36,565 Total 39,161 39,103

GENERAL AND ADMINISTRATIVE EX_2

GENERAL AND ADMINISTRATIVE EXPENSES (Tables)	9 Months Ended
GENERAL AND ADMINISTRATIVE EXPENSES (Tables)	Sep. 30, 2021
SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSES	Details of the general and administrative expenses by nature are presented in the following table: (All amounts in table are expressed in thousands of Canadian dollars) SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSES September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Three Months Ended Nine Months Ended September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Consulting fees 53 40 273 124 Professional fees 7 20 40 101 Management fees 86 110 347 366 Investor relations 44 31 106 45 Filing fees 2 16 30 37 Salaries and benefits - 80 - 248 General office expenses 9 18 61 58 Total 201 315 857 979

SCHEDULE OF RECEIVABLES AND OTH

SCHEDULE OF RECEIVABLES AND OTHER CURRENT ASSETS (Details) - CAD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Sales taxes receivable	$ 21	$ 23
Other current assets (prepaid expenses and amounts receivable)	68	36
Total receivables and other current assets	$ 89	$ 59

SCHEDULE OF EXPLORATION AND EVA

SCHEDULE OF EXPLORATION AND EVALUATION ASSETS (Details) - CAD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
IfrsStatementLineItems [Line Items]
Balance at the end of the period	$ 39,161	$ 38,806
CANADA \| Post Creek Property [Member]
IfrsStatementLineItems [Line Items]
Balance at the end of the period	1,856	1,833
CANADA \| Halcyon Property [Member]
IfrsStatementLineItems [Line Items]
Balance at the end of the period	507	486
CANADA \| Quetico Claims [Member]
IfrsStatementLineItems [Line Items]
Balance at the end of the period	196	184
CANADA \| Loveland (Enid Creek) Property [Member]
IfrsStatementLineItems [Line Items]
Balance at the end of the period
GREENLAND \| Lingman Lake [Member]
IfrsStatementLineItems [Line Items]
Balance at the end of the period	27	27
GREENLAND \| Maniitsoq Property [Member]
IfrsStatementLineItems [Line Items]
Balance at the end of the period	36,575	36,276
Exploration And Evaluation Assets Arising From Acquisition [Member]
IfrsStatementLineItems [Line Items]
Balance at the beginning of the period	648	709
Acquisition costs - cash	30	22
Balance at the end of the period	678	731
Exploration And Evaluation Assets Arising From Acquisition [Member] \| CANADA \| Post Creek Property [Member]
IfrsStatementLineItems [Line Items]
Balance at the beginning of the period	308	298
Acquisition costs - cash	10	10
Balance at the end of the period	318	308
Exploration And Evaluation Assets Arising From Acquisition [Member] \| CANADA \| Halcyon Property [Member]
IfrsStatementLineItems [Line Items]
Balance at the beginning of the period	238	230
Acquisition costs - cash	8	8
Balance at the end of the period	246	238
Exploration And Evaluation Assets Arising From Acquisition [Member] \| CANADA \| Quetico Claims [Member]
IfrsStatementLineItems [Line Items]
Balance at the beginning of the period		42
Acquisition costs - cash
Balance at the end of the period		42
Exploration And Evaluation Assets Arising From Acquisition [Member] \| GREENLAND \| Quetico Claims [Member]
IfrsStatementLineItems [Line Items]
Balance at the beginning of the period	42
Acquisition costs - cash
Balance at the end of the period	42
Exploration And Evaluation Assets Arising From Acquisition [Member] \| GREENLAND \| Lingman Lake [Member]
IfrsStatementLineItems [Line Items]
Balance at the beginning of the period	14	14
Acquisition costs - cash
Balance at the end of the period	14	14
Exploration And Evaluation Assets Arising From Acquisition [Member] \| GREENLAND \| Maniitsoq Property [Member]
IfrsStatementLineItems [Line Items]
Balance at the beginning of the period	46	42
Acquisition costs - cash	12	4
Balance at the end of the period	58	46
Exploration And Evaluation Assets Arising From Acquisition [Member] \| GREENLAND \| Loveland (Enid Creek) Property [Member]
IfrsStatementLineItems [Line Items]
Balance at the beginning of the period		83
Acquisition costs - cash
Balance at the end of the period		83
Exploration And Evaluation Assets Arising From Exploration [Member]
IfrsStatementLineItems [Line Items]
Balance at the beginning of the period	38,455	37,924
Administration	7	16
Property maintenance	20	28
Camp operations	(95)
Drilling	32	172
Geology	63	258
Geophysics	1	106
Helicopter charter aircraft (recovery)		8
Write-off		(437)
Increase in exploration and evaluation assets	28	151
Balance at the end of the period	38,483	38,075
Exploration And Evaluation Assets Arising From Exploration [Member] \| CANADA \| Post Creek Property [Member]
IfrsStatementLineItems [Line Items]
Balance at the beginning of the period	1,529	1,498
Administration
Property maintenance	1	6
Camp operations
Drilling
Geology	8	19
Geophysics		2
Helicopter charter aircraft (recovery)
Write-off
Increase in exploration and evaluation assets	9	27
Balance at the end of the period	1,538	1,525
Exploration And Evaluation Assets Arising From Exploration [Member] \| CANADA \| Halcyon Property [Member]
IfrsStatementLineItems [Line Items]
Balance at the beginning of the period	252	233
Administration
Property maintenance	1	5
Camp operations
Drilling
Geology	8	9
Geophysics		1
Helicopter charter aircraft (recovery)
Write-off
Increase in exploration and evaluation assets	9	15
Balance at the end of the period	261	248
Exploration And Evaluation Assets Arising From Exploration [Member] \| CANADA \| Quetico Claims [Member]
IfrsStatementLineItems [Line Items]
Balance at the beginning of the period		39
Administration
Property maintenance
Drilling		6
Geology		69
Geophysics		28
Helicopter charter aircraft (recovery)
Write-off
Increase in exploration and evaluation assets		103
Balance at the end of the period		142
Exploration And Evaluation Assets Arising From Exploration [Member] \| GREENLAND \| Quetico Claims [Member]
IfrsStatementLineItems [Line Items]
Balance at the beginning of the period	142
Administration
Property maintenance	1
Camp operations
Drilling
Geology	10
Geophysics	1
Increase in exploration and evaluation assets	12
Balance at the end of the period	154
Exploration And Evaluation Assets Arising From Exploration [Member] \| GREENLAND \| Lingman Lake [Member]
IfrsStatementLineItems [Line Items]
Balance at the beginning of the period	13	13
Administration
Property maintenance
Camp operations
Drilling
Geology
Geophysics
Helicopter charter aircraft (recovery)
Write-off
Increase in exploration and evaluation assets
Balance at the end of the period	13	13
Exploration And Evaluation Assets Arising From Exploration [Member] \| GREENLAND \| Maniitsoq Property [Member]
IfrsStatementLineItems [Line Items]
Balance at the beginning of the period	36,519	36,108
Administration	7	16
Property maintenance	17	17
Camp operations	(95)
Drilling	32
Geology	37	78
Geophysics		3
Helicopter charter aircraft (recovery)		8
Write-off
Increase in exploration and evaluation assets	(2)	122
Balance at the end of the period	$ 36,517	36,230
Exploration And Evaluation Assets Arising From Exploration [Member] \| GREENLAND \| Loveland (Enid Creek) Property [Member]
IfrsStatementLineItems [Line Items]
Balance at the beginning of the period		33
Administration
Property maintenance
Drilling		166
Geology		83
Geophysics		72
Helicopter charter aircraft (recovery)
Write-off		(437)
Increase in exploration and evaluation assets		(116)
Balance at the end of the period		$ (83)

SUMMARY OF TRADE PAYABLES AND A

SUMMARY OF TRADE PAYABLES AND ACCRUED LIABILITIES (Details) - CAD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Trade payables	$ 555	$ 290
Amounts due to related parties (Note 9)	64	28
Accrued liabilities	3	44
Total Trade payables and accrued liabilities	$ 622	$ 362

EXPLORATION AND EVALUATION AS_3

EXPLORATION AND EVALUATION ASSETS (Details Narrative)

Feb. 18, 2020CAD ($)

Feb. 18, 2020DKK (kr)

Sep. 25, 2019CAD ($)shares

May 04, 2018CAD ($)

May 04, 2018DKK (kr)

Apr. 11, 2016

Aug. 01, 2015CAD ($)

Mar. 04, 2012CAD ($)

Mar. 04, 2012DKK (kr)

Aug. 15, 2011CAD ($)

Aug. 15, 2011DKK (kr)

Sep. 30, 2021CAD ($)

Sep. 30, 2020CAD ($)

Dec. 31, 2020CAD ($)

Dec. 31, 2020DKK (kr)

Dec. 31, 2019CAD ($)shares

Dec. 31, 2018CAD ($)

Dec. 31, 2016CAD ($)

Dec. 31, 2016DKK (kr)

Dec. 31, 2015CAD ($)

Dec. 31, 2015DKK (kr)

Reserve Quantities [Line Items]

Acquisition and exploration related cost

$ 124,000

$ 603,000

Quetico East [Member]

Reserve Quantities [Line Items]

Exploration credit

39,835

Quetico West [Member]

Reserve Quantities [Line Items]

Exploration credit

21,948

Post Creek Property [Member]

Reserve Quantities [Line Items]

Advances payable annually on net smelter return royalties

$ 10,000

Payments made in advance

10,000

Exploration and license related expenditures

19,016

36,944

Halcyon Property [Member]

Reserve Quantities [Line Items]

Advances payable annually on net smelter return royalties

$ 8,000

Payments made in advance

8,000

Exploration and license related expenditures

17,016

23,257

Quetico Property [Member]

Reserve Quantities [Line Items]

Exploration and license related expenditures

11,668

102,715

Acquisition and exploration related cost

$ 64,256

Exploration claim description

By
the second anniversary of the recording of a claim and by each anniversary thereafter, a minimum of $400 worth of exploration activity
per claim unit must be reported to the Provincial Recording Office.

Quetico Property [Member] | Prior to April 26, 2021 [Member]

Reserve Quantities [Line Items]

Total annual work requirement cost

324,000

Loveland (Enid Creek) Property [Member]

Reserve Quantities [Line Items]

Acquisition and exploration related cost

4,500,000

$ 437,897

Percentage of interest in property to be acquired on basis of option agreement

100.00%

Acquisition costs

$ 1,525,000

Issuance of common shares | shares

300,000

Payment to acquire property

$ 25,000

Common shares fair value

$ 51,000

Loveland (Enid Creek) Property [Member] | NSR [Member]

Reserve Quantities [Line Items]

Percentage of interest in property to be acquired on basis of option agreement

1.00%

Lingman Lake Property [Member]

Reserve Quantities [Line Items]

Acquisition and exploration related cost

Maniitsoq Property [Member]

Reserve Quantities [Line Items]

Exploration and license related expenditures

$ 98,001

126,074

Percentage of net smelter return royalties

2.50%

Percentage of net smelter return royalties after reduction

1.00%

Payment required to reduce net smelter return royalties

$ 2,000,000

Number of days from decision to commence commercial production to reduce net smelter return royalties

60 days

License period description

At
the expiration of the first license period, the Company may apply for a second license period (years 6-10), and the Company may apply
for a further 3-year license for years 11 to 13. Thereafter, the Company may apply for additional 3-year licenses for years 14 to 16,
17 to 19 and 20 to 22. The Company will be required to pay additional license fees and will be obligated to incur minimum eligible exploration
expenses for such years.

Period of additional license application for years 11-13

3 years

Period of additional license application after year 13

3 years

Restoration obligations

267,000

Actual cleanup costs

$ 172,394

Reversal of excess provision

94,606

Sulussugut License [Member]

Reserve Quantities [Line Items]

Exploration and license related expenditures

$ 81,604

103,414

License period description

The credits available from each year may be carried forward for 3 years plus 1
year extension and expire between December 31, 2022 to December 2024. The Company has no exploration commitment for 2021 year.

License fee paid

$ 5,742

kr 31,400

$ 7,982

kr 40,400

Period of additional license application after first period

5 years

Exploration requirement

$ 15,808,386

kr 83,809,340

Exploration cost

56,262,968

$ 26,115,831

Total carried credits

58,776,729

kr 283,945,553

Approved exploration expenditures

179,076

865,100

Ininngui License [Member]

Reserve Quantities [Line Items]

Exploration and license related expenditures

$ 16,397

17,230

License period description

The Ininngui License was valid for an initial 5 years until December 31, 2016, with December 31, 2012 being the
first year. The license was extended for a further 5 years, until December 31, 2021, with December 31, 2017 being the first year. During
the year ended December 31, 2020, the Company received one year period license extension, which provides for renewal period until 2022.

The credits available from each year may be carried forward for 3 years plus 1 year extension
and expire between December 31, 2022 to December 2024. The Company has no exploration commitment for 2021 year.

License fee paid

$ 5,755

kr 32,200

Exploration cost

5,199,578

Total carried credits

$ 6,297,882

kr 30,424,551

Minimum exploration expenditures and actual spend on exploration costs payable in cash, description

the minimum exploration expenditures on the license in any one year from years 2-5, the Company may pay 50% of
the difference in cash to BMP as full compensation for that year. This procedure may not be used for more than 2 consecutive calendar
years and as at December 31, 2020, the Company has not used the procedure for the license

Carbonatite License [Member]

Reserve Quantities [Line Items]

Exploration and license related expenditures

$ 6,068

5,430

License period description

The Carbonatite License is valid for 5 years until December 31, 2022, with December 31, 2020 being the third
year. During the year ended December 31, 2020, the Company received one year period license extension, which provides for renewal period
until 2023.

The credit available from
each year may be carried forward 3 years plus 1 year extension and expire between December 31, 2023 to December 2024. The Company has
no exploration commitment for 2021 year.

License fee paid

$ 6,523

kr 31,000

Exploration cost

$ 1,504,317

Total carried credits | kr

kr 10,544,473

Carbonatite License [Member] | Danish krone [Member]

Reserve Quantities [Line Items]

Total carried credits

$ 2,182,706

West Greenland Prospecting License [Member]

Reserve Quantities [Line Items]

Exploration and license related expenditures

$ 396

$ 4,301

License period description

the Company was granted new prospective license No. 2020/05, by the BMP of Greenland for a period of 5 years ending
December 31, 2024.

License fee paid

$ 4,301

kr 21,900

SCHEDULE OF NUMBER AND WEIGHTED

SCHEDULE OF NUMBER AND WEIGHTED AVERAGE EXERCISE PRICES OF WARRANTS (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2021shares$ / shares	Dec. 31, 2020shares$ / shares
Reserve Quantities [Line Items]
Outstanding at end of the period	23,374,343
Post-consolidation Basis [Member]
Reserve Quantities [Line Items]
Outstanding at beginning of the period	25,715,742	15,651,397
Weighted Average Exercise Price, Outstanding at beginning of year \| $ / shares	$ 0.11	$ 0.96
Issued	4,383,620	21,731,011
Weighted Average Exercise Price, Issued \| $ / shares	$ 0.35	$ 0.09
Exercised	(6,725,019)
Weighted Average Exercise Price, Exercised \| $ / shares	$ 0.10
Cancelled / expired		(11,666,666)
Weighted Average Exercise Price, Cancelled / expired \| $ / shares		$ 1.20
Outstanding at end of the period	23,374,343	25,715,742
Weighted Average Exercise Price, Outstanding at end of year \| $ / shares	$ 0.16	$ 0.11

SCHEDULE OF NUMBER AND WEIGHT_2

SCHEDULE OF NUMBER AND WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE OF OUTSTANDING WARRANTS (Details)	9 Months Ended
	Sep. 30, 2021shares$ / shares
IfrsStatementLineItems [Line Items]
Warrants outstanding \| shares	23,374,343
Weighted average remaining contractual life (years)	10 months 24 days
Warrants Expiring December 18, 2021 [Member]
IfrsStatementLineItems [Line Items]
Warrants outstanding \| shares	3,359,133
Exercise price of warrant \| $ / shares	$ 0.25
Weighted average remaining contractual life (years)	10 days
Warrants Expiring August 13, 2022 [Member]
IfrsStatementLineItems [Line Items]
Warrants outstanding \| shares	12,488,781	[1]
Exercise price of warrant \| $ / shares	$ 0.09
Weighted average remaining contractual life (years)	5 months 15 days
Warrants Expiring August 31, 2022 [Member]
IfrsStatementLineItems [Line Items]
Warrants outstanding \| shares	3,142,809	[1]
Exercise price of warrant \| $ / shares	$ 0.09
Weighted average remaining contractual life (years)	1 month 13 days
Warrants Expiring April 16, 2023 [Member]
IfrsStatementLineItems [Line Items]
Warrants outstanding \| shares	4,383,620
Exercise price of warrant \| $ / shares	$ 0.35
Weighted average remaining contractual life (years)	3 months 14 days
Warrants [Member]
IfrsStatementLineItems [Line Items]
Exercise price of warrant \| $ / shares	$ 0.12
Trading days	10 days

[1]	The warrants are subject to an acceleration clause such that if the volume-weighted average trading price of the Company’s common shares on the TSX-V exceeds $ 0.12 10

SCHEDULE OF NUMBER AND WEIGHT_3

SCHEDULE OF NUMBER AND WEIGHTED AVERAGE EXERCISE PRICES OF SHARE OPTIONS (Details) - Stock Option Plan [Member]	9 Months Ended		12 Months Ended
	Sep. 30, 2021shares$ / shares	Sep. 30, 2020shares	Dec. 31, 2020shares$ / shares
Reserve Quantities [Line Items]
Issued	3,185,000	7,850,000
Post-consolidation Basis [Member]
Reserve Quantities [Line Items]
Outstanding, beginning of the period	7,978,725	2,130,550	2,130,550
Weighted Average Exercise Price, Outstanding at beginning of the period \| $ / shares	$ 0.17		$ 1.51
Issued	3,185,000		7,850,000
Weighted Average Exercise Price, Issued \| $ / shares	$ 0.32		$ 0.15
Cancelled / expired	(603,100)		(2,001,825)
Weighted Average Exercise Price, Cancelled / expired \| $ / shares	$ 0.33		$ 1.51
Outstanding, end of the period	10,560,625		7,978,725
Weighted Average Exercise Price, Outstanding at end of the period \| $ / shares	$ 0.21		$ 0.17

SCHEDULE OF INPUTS TO OPTION PR

SCHEDULE OF INPUTS TO OPTION PRICING MODEL (Details)	9 Months Ended
SCHEDULE OF INPUTS TO OPTION PRICING MODEL (Details)	Sep. 30, 2021	Sep. 30, 2020
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Expected dividend yield	0.00%	0.00%
Expected share price volatility	127.83%
Risk free interest rate	0.93%
Expected life of options	5 years	5 years
Bottom of range [member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Expected share price volatility		121.55%
Risk free interest rate		0.39%
Top of range [member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Expected share price volatility		125.025%
Risk free interest rate		1.21%

SCHEDULE OF NUMBER AND WEIGHT_4

SCHEDULE OF NUMBER AND WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE OF OUTSTANDING SHARE OPTIONS (Details) - Post-consolidation Basis [Member]	9 Months Ended
	Sep. 30, 2021shares$ / shares	Dec. 31, 2020shares	Dec. 31, 2019shares
Options expiring February 21, 2022 [Member]
Reserve Quantities [Line Items]
Options outstanding	40,625
Options exercisable	40,625
Exercise price \| $ / shares	$ 1.20
Weighted average remaining contractual life (years)	0 years
Options expiring February 28, 2023 [Member]
Reserve Quantities [Line Items]
Options outstanding	35,000
Options exercisable	35,000
Exercise price \| $ / shares	$ 1.20
Weighted average remaining contractual life (years)	0 years
Options expiring February 24, 2025 [Member]
Reserve Quantities [Line Items]
Options outstanding	6,100,000
Options exercisable	6,100,000
Exercise price \| $ / shares	$ 0.16
Weighted average remaining contractual life (years)	1 year 11 months 19 days
Options expiring August 19, 2025 [Member]
Reserve Quantities [Line Items]
Options outstanding	1,200,000
Options exercisable	1,200,000
Exercise price \| $ / shares	$ 0.09
Weighted average remaining contractual life (years)	5 months 8 days
Options expiring February 25, 2026 [Member]
Reserve Quantities [Line Items]
Options outstanding	3,185,000
Options exercisable	3,185,000
Exercise price \| $ / shares	$ 0.32
Weighted average remaining contractual life (years)	1 year 3 months 29 days
Stock Option Plan [Member]
Reserve Quantities [Line Items]
Options outstanding	10,560,625	7,978,725	2,130,550
Options exercisable	10,560,625
Weighted average remaining contractual life (years)	3 years 8 months 26 days

SHARE CAPITAL, WARRANTS AND O_3

SHARE CAPITAL, WARRANTS AND OPTIONS (Details Narrative)	Aug. 31, 2020CAD ($)$ / sharesshares	Aug. 13, 2020CAD ($)$ / sharesshares	Apr. 20, 2021CAD ($)$ / sharesshares	Sep. 30, 2021CAD ($)shares$ / shares	Sep. 30, 2020CAD ($)shares$ / shares	Mar. 23, 2021shares	Dec. 31, 2020shares
IfrsStatementLineItems [Line Items]
Expected dividend yield				0.00%	0.00%
Risk-free interest rate				0.93%
Expected volatility				127.83%
Share capital issued through exercise of warrants \| $				$ 706,000
Common stock, share issued						251,000
Expense from share-based payment transactions on grant of options \| $				837,444	$ 969,391
Transfer to deficit for expired options \| $				97,953	240,862
Transfer to common share capital for expired warrants \| $				$ 260,916	$ 2,571,514
Stock Option Plan [Member]
IfrsStatementLineItems [Line Items]
Number of stock option granted				3,185,000	7,850,000
Period of options granted				5 years	5 years
Stock options exercisable price per share \| $ / shares				$ 0.32
Bottom of range [member]
IfrsStatementLineItems [Line Items]
Risk-free interest rate					0.39%
Expected volatility					121.55%
Top of range [member]
IfrsStatementLineItems [Line Items]
Risk-free interest rate					1.21%
Expected volatility					125.025%
Tranche One [Member] \| Stock Option Plan [Member]
IfrsStatementLineItems [Line Items]
Number of stock option granted					6,650,000
Stock options exercisable price per share \| $ / shares					$ 0.16
Tranche Two [Member] \| Stock Option Plan [Member]
IfrsStatementLineItems [Line Items]
Number of stock option granted					1,200,000
Stock options exercisable price per share \| $ / shares					$ 0.09
Non Brokered Private Placement [Member]
IfrsStatementLineItems [Line Items]
Number of units issued			8,290,665
Price of unit issued \| $ / shares			$ 0.24
Total gross proceeds \| $			$ 1,989,760
Warrant description	Each unit consists of one common share in the capital of the Company and one transferable common share purchase warrant of the Company. Each warrant will entitle the holder to acquire one common share of the Company at an exercise price of $0.09 for a period of 24 months from its date of issuance. The warrants are subject to an acceleration clause such that if the closing market price of the common shares on the TSX-V is greater than $0.12 per common share for a period of 10 consecutive trading days at any time after the four-month anniversary of the closing of the placement, the Company may, at its option, accelerate the warrant expiry date to within 30 days.		Each full Warrant entitles the holder to acquire one common share of the Company within twenty-four (24) months following its issuance date, at a price of $0.35. The warrants are subject to an acceleration clause such that if the closing market price of the common shares on the TSX-V is greater than $0.60 per common share for a period of 10 consecutive trading days at any time after the four-month anniversary of the closing of the placement, the Company may, at its option, accelerate the warrant expiry date to within 30 days.
Share issuance costs in cash \| $	$ 124,222		$ 57,190
Finder's fee paid in common share purchase warrant	588,154		238,289
Exercise price of warrant \| $ / shares	$ 0.09		$ 0.35
Fair value of warrants issued \| $	$ 716,055		$ 580,187
Expected life	2 years		2 years
Expected dividend yield	0.00%		0.00%
Risk-free interest rate			0.29%
Expected volatility			163.00%
Non Brokered Private Placement [Member] \| Bottom of range [member]
IfrsStatementLineItems [Line Items]
Risk-free interest rate	0.28%
Expected volatility	158.00%
Non Brokered Private Placement [Member] \| Top of range [member]
IfrsStatementLineItems [Line Items]
Risk-free interest rate	0.31%
Expected volatility	158.53%
Non Brokered Private Placement [Member] \| First Tranche [Member]
IfrsStatementLineItems [Line Items]
Number of units issued		15,481,077
Price of unit issued \| $ / shares		$ 0.07
Total gross proceeds \| $		$ 1,083,675
Non Brokered Private Placement [Member] \| Second And Final Tranche [Member]
IfrsStatementLineItems [Line Items]
Number of units issued	5,661,780
Price of unit issued \| $ / shares	$ 0.07
Total gross proceeds \| $	$ 396,325
Non Brokered Private Placement [Member] \| Agent S Warrants [Member]
IfrsStatementLineItems [Line Items]
Fair value of warrants issued \| $	$ 18,547		$ 33,351
Series 1 Convertible Preferred Shares [Member]
IfrsStatementLineItems [Line Items]
Authorized capital				100,000,000
Ordinary shares [member]
IfrsStatementLineItems [Line Items]
Share capital issued through exercise of warrants, shares				6,725,019
Share capital issued through exercise of warrants \| $				$ 705,547
Common stock, share issued				124,849,332			109,833,648
Shares outstanding				124,849,332			109,833,648
Series 1 Preferred Shares [Member]
IfrsStatementLineItems [Line Items]
Shares outstanding				590,931	590,931
Preference shares [member]
IfrsStatementLineItems [Line Items]
Conversion value of share \| $ / shares				$ 1
Factor by which number of shares on conversion is calculated \| $ / shares				$ 9

SCHEDULE OF INVESTMENT (Details

SCHEDULE OF INVESTMENT (Details) $ in Thousands	9 Months Ended
SCHEDULE OF INVESTMENT (Details) $ in Thousands	Sep. 30, 2021CAD ($)
Balance, December 31, 2020	$ 48
Reallocation of advance	50
Investment	392
Share of loss of Premium Nickel	(62)
Balance, June 30, 2021	$ 428

SCHEDULE OF AMOUNTS DUE TO RELA

SCHEDULE OF AMOUNTS DUE TO RELATED PARTIES, INCLUDED IN TRADE PAYABLES AND ACCRUED LIABILITIES (Details) - CAD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Amounts due to related party	$ 64	$ 28
Due from related party	287	55
Advance		50
Investment	428	48
Total	715	153
Directors and Officers of the Company [Member]
IfrsStatementLineItems [Line Items]
Amounts due to related party	59	21
Related Company [Member]
IfrsStatementLineItems [Line Items]
Amounts due to related party	$ 5	$ 7

INVESTMENT IN PREMIUM NICKEL _3

INVESTMENT IN PREMIUM NICKEL RESOURCES INC. (Details Narrative) - CAD ($)	Dec. 31, 2020	Jan. 02, 2020	Aug. 26, 2021	Nov. 28, 2021	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020	Mar. 23, 2021	Jan. 14, 2021
IfrsStatementLineItems [Line Items]
Investment amount										$ 100,400
Common shares issued										251,000
Investment in advance									$ 50,000
Net assets	$ 39,644,000				$ 41,298,000		$ 41,298,000		39,644,000
Total comprehensive loss					(236,000)	$ (409,000)	(1,782,000)	$ (2,415,000)
Equity loss					25,000		62,000
Service fees					7,000	20,000	40,000	101,000
Administrative fees					9,000	$ 18,000	61,000	$ 58,000
Due from related party	$ 55,000				$ 287,000		$ 287,000		55,000
Non Adjusting Event [Member]
IfrsStatementLineItems [Line Items]
Equity method investment, shares owned			358,996
Payment to acquire interest			$ 341,046
Ownership percentage					10.00%	10.96%	10.00%	10.96%
Premium Nickel Resources [Member]
IfrsStatementLineItems [Line Items]
Investment advance											$ 50,400
Premium Nickel Resources [Member] \| Non Adjusting Event [Member]
IfrsStatementLineItems [Line Items]
Funds received for service				$ 287,312
Memorandum of Understanding [Member] \| Premium Nickel Resources [Member]
IfrsStatementLineItems [Line Items]
Number of units subscribed							2,400,000
Share price					$ 0.01		$ 0.01
Investment amount					$ 24,000		$ 24,000
Investment description							The Company’s initial investment included a provision that gives the Company the right to nominate two directors to the board of directors of Premium Nickel. The Company’s initial investment also included Premium Nickel issuing the Company a non-transferable share purchase warrant (the “Warrant”), which entitles the Company to purchase common shares of Premium Nickel, for up to 15% of the capital of Premium Nickel upon payment of US $10 million prior to the fifth anniversary of the date of issue.
Net assets					3,848,468		$ 3,848,468
Total comprehensive loss							618,900
Equity loss							61,890
Memorandum of Understanding [Member] \| Premium Nickel Resources [Member] \| Common Shares [Member]
IfrsStatementLineItems [Line Items]
Number of units subscribed	4,657,711
Investment amount	$ 154,164								$ 154,164
Management and Technical Services Agreement [Member] \| Premium Nickel Resources [Member]
IfrsStatementLineItems [Line Items]
Agreement description		the Company entered into a Management and Technical Services Agreement (“the Services Agreement”) with Premium Nickel whereby the Company will provide certain technical, corporate, administrative and clerical, office and other services to Premium Nickel during the due diligence stage of the contemplated arrangement. The Company will charge Premium Nickel for expenses incurred and has the right to charge a 2% administrative fee on third party expenses. The Company will invoice Premium Nickel on a monthly basis and payment shall be made by Premium Nickel no later than 15 days after receipt of such invoice. The term of the Service Agreement is for an initial period of 3 years and can be renewed for an additional 1 year period. The Service Agreement can be terminated within 30 days notice, for non-performance, by the Company giving 6 months notice or Premium Nickel within 90 days provided the Company no longer owns at least 10% of the outstanding common shares of Premium Nickel. If Premium Nickel defaults on making payments, the outstanding balance shall be treated as a loan to Premium Nickel, to be evidenced by a promissory note. The promissory note will be payable upon demand and bear interest at a rate equal to the then current lending rate plus 1%, calculated from the date of default. Subsequent payment by Premium Nickel will be first applied to accrued interest and then principle of the invoice.
Service Agreement [Member] \| Premium Nickel Resources [Member]
IfrsStatementLineItems [Line Items]
Service fees							1,649,507	$ 537,742
Administrative fees							29,325
Funds received for service							1,416,485	$ 498,710
Due from related party					$ 287,312		$ 287,312

SCHEDULE OF KEY MANAGEMENT COMP

SCHEDULE OF KEY MANAGEMENT COMPENSATION (Details) - CAD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Geological consulting fees – expensed		$ 5
Management fees – expensed	539	360
Salaries - expensed		128
Share-based payments	621	671
Total	$ 1,160	$ 1,164

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - CAD ($)	9 Months Ended
RELATED PARTY TRANSACTIONS (Details Narrative) - CAD ($)	Sep. 30, 2021	Sep. 30, 2020
Sentient [Member]
IfrsStatementLineItems [Line Items]
Number of common shares beneficially owned	36,980,982
Number of common shares beneficially owned, percentage	33.66%
Contemporary Amperex Technology Limited [Member]
IfrsStatementLineItems [Line Items]
Number of common shares beneficially owned	22,944,444
Number of common shares beneficially owned, percentage	20.89%
Former Chairman as Consultant [Member]
IfrsStatementLineItems [Line Items]
Fees charged by a legal firm	$ 36,957	$ 155,810

SCHEDULE OF CHANGES IN WORKING

SCHEDULE OF CHANGES IN WORKING CAPITAL (Details) - CAD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Supplemental Cash Flow Information
(Increase) decrease in accounts receivables	$ (230)	$ 43
(Increase) decrease in prepaid expenses	(32)	14
Increase (decrease) in trade payables and accrued liabilities	59	(66)
Total changes in working capital	$ (203)	$ (9)

SUPPLEMENTAL CASH FLOW INFORM_3

SUPPLEMENTAL CASH FLOW INFORMATION (Details Narrative) - CAD ($)	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Supplemental Cash Flow Information
Amount transferred from reserve to deficit	$ 97,953	$ 2,812,376
Amount reserve to common share capital	260,916
Accrued exploration and evaluation expenditures	105,617	6,958
Advance to investment	$ 50,000	139,164
Reduction amount		$ 134,447

SCHEDULE OF GEOGRAPHIC SEGMENTS

SCHEDULE OF GEOGRAPHIC SEGMENTS (Details) - CAD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Property, plant and equipment	$ 11	$ 21
Tangible exploration and evaluation assets	39,161	39,103
CANADA
IfrsStatementLineItems [Line Items]
Property, plant and equipment	4	6
Tangible exploration and evaluation assets	2,586	2,538
GREENLAND
IfrsStatementLineItems [Line Items]
Property, plant and equipment	7	15
Tangible exploration and evaluation assets	$ 36,575	$ 36,565

SCHEDULE OF GENERAL AND ADMINIS

SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSES (Details) - CAD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Consulting fees	$ 53	$ 40	$ 273	$ 124
Professional fees	7	20	40	101
Management fees	86	110	347	366
Investor relations	44	31	106	45
Filing fees	2	16	30	37
Salaries and benefits		80		248
General office expenses	9	18	61	58
Total	$ 201	$ 315	$ 857	$ 979

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - CAD ($)	Jul. 01, 2014	Sep. 30, 2021	Sep. 30, 2020
IfrsStatementLineItems [Line Items]
Management fees, per month		$ 30,951	$ 16,907
Agreement termination period from the date of effective control change		90 days
Payment period		30 days
Independent Directors [Member]
IfrsStatementLineItems [Line Items]
Director fees, stipend per month	$ 2,000
Chairman Of Board [Member]
IfrsStatementLineItems [Line Items]
Director fees, stipend per month	3,000
Committee Chairmen [Member]
IfrsStatementLineItems [Line Items]
Director fees, stipend per month	$ 2,500

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - Non Adjusting Event [Member]	Nov. 25, 2021$ / sharesshares
Common Shares [Member]
IfrsStatementLineItems [Line Items]
Issuance of common shares \| shares	1,025,921
Warrants exercise price \| $ / shares	$ 0.25
Common Shares One [Member]
IfrsStatementLineItems [Line Items]
Issuance of common shares \| shares	3,495,535
Warrants exercise price \| $ / shares	$ 0.09
Common Shares Two [Member]
IfrsStatementLineItems [Line Items]
Issuance of common shares \| shares	150,000
Stock options exercise price \| $ / shares	$ 0.16
Chief Executive Officer [Member]
IfrsStatementLineItems [Line Items]
Issuance of common shares \| shares	4,993,972
Exercisable term	5 years
Stock options exercisable price per share \| $ / shares	$ 0.40