Premium Resources (PRMLF) 20-F 25 Apr 22 2021 FY Annual report (foreign) Financial data

Cover

Cover	12 Months Ended
	Dec. 31, 2021shares
Cover [Abstract]
Document Type	20-F
Amendment Flag	false
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Document Period End Date	Dec. 31, 2021
Document Fiscal Period Focus	FY
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 Incorporation, State or Country Code	Z4
Entity Address, Address Line One	666 Burrard Street
Entity Address, Address Line Two	Suite 2500
Entity Address, City or Town	Vancouver
Entity Address, State or Province	BC
Entity Address, Country	CA
Entity Address, Postal Zip Code	V6C 2X8
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	131,270,286
Auditor Firm ID	1173
Auditor Name	DALE MATHESON CARR-HILTON LABONTE LLP
Auditor Location	Vancouver, Canada

Consolidated Statements of Fina

Consolidated Statements of Financial Position - CAD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
CURRENT ASSETS
Cash	$ 1,973	$ 308
Receivables and other current assets	75	59
Due from related party	199	55
TOTAL CURRENT ASSETS	2,247	422
NON-CURRENT ASSETS
Equipment	16	21
Exploration and evaluation assets	39,099	39,103
Advance		50
Investment	321	48
TOTAL NON-CURRENT ASSETS	39,436	39,222
TOTAL ASSETS	41,683	39,644
LIABILITIES
Trade payables and accrued liabilities	480	362
Provision for restoration obligation		267
TOTAL LIABILITIES	480	629
EQUITY
Share capital - preferred	591	591
Share capital – common	93,451	89,627
Reserve	4,252	2,096
Deficit	(57,091)	(53,299)
TOTAL EQUITY	41,203	39,015
TOTAL LIABILITIES AND EQUITY	$ 41,683	$ 39,644

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
EXPENSES
General and administrative expenses	$ (1,159)	$ (1,238)	$ (2,145)
Property investigation	(26)	(47)	(214)
Amortization	(5)	(7)	(12)
Share-based payments	(2,531)	(969)
Total expenses	(3,721)	(2,261)	(2,371)
OTHER ITEMS
Interest income			26
Reversal of flow-through share premium		89
Impairment of exploration and evaluation assets	(99)	(438)	(26,510)
Foreign exchange loss	(7)	(1)	(4)
Equity loss on investment	(169)	(130)
Other income (expense), net	(275)	(480)	(26,488)
TOTAL COMPREHENSIVE LOSS FOR THE YEAR	$ (3,996)	$ (2,741)	$ (28,859)
Basic and diluted weighted average number of common shares outstanding	122,376,897	96,521,169	79,152,786
Basic and diluted loss per share	$ (0.03)	$ (0.03)	$ (0.36)

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - CAD ($) $ in Thousands	Ordinary shares [member]	Preference shares [member]	Reserve [Member]	Retained earnings [member]	Total
Balance at Dec. 31, 2018	$ 87,947	$ 591	$ 7,749	$ (29,343)	$ 66,944
Balance, shares at Dec. 31, 2018	78,792,860
IfrsStatementLineItems [Line Items]
Net and comprehensive loss				(28,859)	(28,859)
Share capital issued through private placement	$ 1,728				1,728
Share capital issued through private placement, shares	9,597,931
Share issue costs	$ (344)				(344)
Flow-through share premium	(89)				(89)
Share capital issued as earn-in	$ 51				51
Share capital issued as earn-in, shares	300,000
Value allocated to warrants	$ (287)		287
Expired warrants			(2,080)	2,080
Forfeited/expired options			(1,781)	1,781
Balance at Dec. 31, 2019	$ 89,006	591	4,175	(54,341)	39,431
Balance, shares at Dec. 31, 2019	88,690,791
IfrsStatementLineItems [Line Items]
Net and comprehensive loss				(2,741)	(2,741)
Share capital issued through private placement	$ 1,480				1,480
Share capital issued through private placement, shares	21,142,857
Share issue costs	$ (124)				(124)
Value allocated to warrants	(735)		735
Expired warrants			(2,572)	2,572
Forfeited/expired options			(1,211)	1,211
Share-based payments			969		969
Balance at Dec. 31, 2020	$ 89,627	591	2,096	(53,299)	39,015
Balance, shares at Dec. 31, 2020	109,833,648
IfrsStatementLineItems [Line Items]
Net and comprehensive loss				(3,996)	(3,996)
Share capital issued through private placement	$ 1,990				1,990
Share capital issued through private placement, shares	8,290,665
Share issue costs	$ (90)				(90)
Value allocated to warrants	(495)		495
Expired warrants			(106)	106
Forfeited/expired options			(98)	98
Share-based payments			2,531		2,531
Exercised options	$ 112				112
Exercised options, shares	500,000
Exercised options fair value	$ 92		(92)
Exercised warrants	$ 1,641				1,641
Exercised warrants, shares	12,580,314
Exercised warrants	$ 574		(574)
Balance at Dec. 31, 2021	$ 93,451	$ 591	$ 4,252	$ (57,091)	$ 41,203
Balance, shares at Dec. 31, 2021	131,204,627

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
OPERATING ACTIVITIES
Loss for the year	$ (3,996)	$ (2,741)	$ (28,859)
Items not affecting cash:
Amortization	5	7	12
Share-based payments	2,531	969
Interest Income			10
Reversal of flow-through share premium		(89)
Impairment of exploration and evaluation assets	99	438	26,510
Equity loss on investment	169	130
Changes in working capital	(282)	(46)	11
Net cash used in operating activities	(1,474)	(1,332)	(2,316)
INVESTING ACTIVITIES
Expenditures on exploration and evaluation assets	(122)	(635)	(780)
Short-term investment			2,500
Investment	(392)	(121)
Advance		(50)	(24)
Purchase equipment			(5)
Net cash provided by (used in) investing activities	(514)	(806)	1,691
FINANCING ACTIVITIES
Proceeds from issuance of common shares	1,990	1,472	1,728
Share issuance costs	(90)	(124)	(344)
Proceeds from exercise of warrants and options	1,753
Net cash provided by financing activities	3,653	1,348	1,384
Change in cash for the year	1,665	(790)	759
Cash, beginning of the year	308	1,098	339
Cash, end of the year	$ 1,973	$ 308	$ 1,098

NATURE AND CONTINUANCE OF OPERA

NATURE AND CONTINUANCE OF OPERATIONS	12 Months Ended
	Dec. 31, 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 (“Premium Nickel”). 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 consolidated 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. Such adjustments could be material. 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 and COVID-19 has delayed the Company’s ability to conduct major fieldwork on projects. The consolidated financial statements were approved and authorized for issuance by the Board of Directors of the Company on April 25, 2022. The notes to the financial statements is stated in Canadian dollars except amounts in the tables are expressed in thousands of Canadian dollars.

BASIS OF PREPARATION AND SIGNIF

BASIS OF PREPARATION AND SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2021
BASIS OF PREPARATION AND SIGNIFICANT ACCOUNTING POLICIES	2. BASIS OF PREPARATION AND SIGNIFICANT ACCOUNTING POLICIES (a) Statement of Compliance The Company’s consolidated financial statements were prepared in accordance with International Financial Reporting Standards (“IFRS”). Notes to the Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian dollars) (b) Basis of Preparation These 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. These areas involving a higher degree of judgment or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements and, are disclosed in Note 3. (c) Basis of consolidation These 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. (d) Foreign currency translation Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the date of the transaction. Foreign currency monetary items are translated at the period-end exchange rate. Non-monetary items measured at historical cost continue to be carried at the exchange rate at the date of the transaction. Non-monetary items measured at fair value are reported at the exchange rate at the date when fair values were determined. Exchange differences arising on the translation of monetary items or on settlement of monetary items are recognized in profit or loss in the consolidated statement of comprehensive loss in the period in which they arise, except where deferred in equity as a qualifying cash flow or net investment hedge. Exchange differences arising on the translation of non-monetary items are recognized in other comprehensive income in the consolidated statement of comprehensive loss to the extent that gains and losses arising on those non-monetary items are also recognized in other comprehensive income. Where the non-monetary gain or loss is recognized in profit or loss, the exchange component is also recognized in profit or loss. (e) Exploration and evaluation assets Exploration and evaluation assets include the costs of acquiring licenses, costs associated with exploration and evaluation activity, and the fair value (at acquisition date) of exploration and evaluation assets acquired in a business combination. Exploration and evaluation expenditures are initially capitalized. Costs incurred before the Company has obtained the legal rights to explore an area are recognized in profit or loss. Government tax credits received are generally recorded as a reduction to the cumulative costs incurred and capitalized on the related property. Exploration and evaluation assets are assessed for impairment if (i) sufficient data exists to determine technical feasibility and commercial viability, and (ii) facts, events and circumstances suggest that the carrying amount exceeds the recoverable amount. Once the technical feasibility and commercial viability of the extraction of mineral resources in an area of interest are demonstrable, exploration and evaluation assets attributable to that area of interest are first tested for impairment and then reclassified to mining property and development assets within equipment. Notes to the Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian dollars) Recoverability of the carrying amount of any exploration and evaluation assets is dependent on successful development and commercial exploitation, or alternatively, sale of the respective areas of interest. The Company may occasionally enter into farm-out arrangements, whereby it will transfer part of an interest, as consideration, for an agreement by the farmee to meet certain exploration and evaluation expenditures which would have otherwise been undertaken by the Company. The Company does not record any expenditures made by the farmee on its behalf. Any cash consideration received from the agreement is credited against the costs previously capitalized to the mineral interest given up by the Company, with any excess consideration accounted for in profit. When a project is deemed to no longer have commercially viable prospects to the Company, exploration and evaluation expenditures in respect of that project are deemed to be impaired. As a result, those exploration and evaluation expenditure costs, in excess of estimated recoveries, are written off to the consolidated statement of comprehensive loss/income. (f) Restoration and environmental obligations The Company recognizes liabilities for statutory, contractual, constructive or legal obligations associated with the retirement of long-term assets, when those obligations result from the acquisition, construction, development or normal operation of the assets. The net present value of future restoration cost estimates arising from the decommissioning of plant and other site preparation work is capitalized to exploration and evaluation assets along with a corresponding increase in the restoration provision in the period incurred. Discount rates using a pre-tax rate that reflect the time value of money are used to calculate the net present value. The restoration asset will be depreciated on the same basis as other mining assets. The Company’s estimates of restoration costs could change as a result of changes in regulatory requirements, discount rates and assumptions regarding the amount and timing of the future expenditures. These changes are recorded directly to exploration and evaluation assets with a corresponding entry to the restoration provision. The Company’s estimates are reviewed annually for changes in regulatory requirements, discount rates, effects of inflation and changes in estimates. Changes in the net present value, excluding changes in the Company’s estimates of reclamation costs, are charged to profit and loss for the period. The costs of restoration projects included in the provision are recorded against the provision as incurred. The costs to prevent and control environmental impacts at specific properties are capitalized in accordance with the Company’s accounting policy for exploration and evaluation assets. (g) Impairment of assets Impairment tests on intangible assets with indefinite useful economic lives are undertaken annually at the financial year-end. Other non-financial assets, including exploration and evaluation assets, are subject to impairment tests whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. Where the carrying value of an asset exceeds its recoverable amount, which is the higher of value in use and fair value less costs to sell, the asset is written down accordingly. Where it is not possible to estimate the recoverable amount of an individual asset, the impairment test is carried out on the asset’s cash-generating unit, which is the lowest group of assets in which the asset belongs and for which there are separately identifiable cash inflows that are largely independent of the cash inflows from other assets. An impairment loss is charged to the profit or loss, except to the extent the loss reverses gains previously recognized in other comprehensive loss/income. Notes to the Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian dollars) (h) Financial instruments In accordance with IFRS 9, the Company’s accounting policy is as follows: Classification The Company classifies its financial instruments in the following categories: at fair value through profit and loss (“FVTPL”), at fair value through other comprehensive income (loss) (“FVTOCI”), or at amortized cost. The Company determines the classification of financial assets at initial recognition. The classification of debt instruments is driven by the Company’s business model for managing the financial assets and their contractual cash flow characteristics. Equity instruments that are held for trading are classified as FVTPL. For other equity instruments, on the day of acquisition the Company can make an irrevocable election (on an instrument-by-instrument basis) to designate them as at FVTOCI. Financial liabilities are measured at amortized cost, unless they are required to be measured at FVTPL (such as instruments held for trading or derivatives) or the Company has opted to measure them at FVTPL. The following table shows the classification of the Company’s financial assets and liabilities: Financial asset/ liability Classification Cash FVTPL Other receivable Amortized cost Trade payables Amortized cost Advance Amortized cost Measurement Financial assets and liabilities at amortized cost Financial assets and liabilities at amortized cost are initially recognized at fair value plus or minus transaction costs, respectively, and subsequently carried at amortized cost less any impairment. Financial assets and liabilities at FVTPL Financial assets and liabilities carried at FVTPL are initially recorded at fair value and transaction costs are expensed in profit or loss. Realized and unrealized gains and losses arising from changes in the fair value of the financial assets and liabilities held at FVTPL are included in the consolidation statements of comprehensive loss in the period in which they arise. Impairment of financial assets at amortized cost An ‘expected credit loss’ impairment model applies which requires a loss allowance to be recognized based on expected credit losses. The estimated present value of future cash flows associated with the asset is determined and an impairment loss is recognized for the difference between this amount and the carrying amount as follows: the carrying amount of the asset is reduced to estimated present value of the future cash flows associated with the asset, discounted at the financial asset’s original effective interest rate, either directly or through the use of an allowance account and the resulting loss is recognized in profit or loss for the period. In a subsequent period, if the amount of the impairment loss related to financial assets measured at amortized cost decreases, the previously recognized impairment loss is reversed through profit or loss to the extent that the carrying amount of the investment at the date the impairment is reversed does not exceed what the amortized cost would have been had the impairment not been recognized. Derecognition Financial assets The Company derecognizes financial assets only when the contractual rights to cash flows from the financial assets expire, or when it transfers the financial assets and substantially all of the associated risks and rewards of ownership to another entity. Gains and losses on derecognition are generally recognized in the consolidated statements of comprehensive loss. Investments are derecognized when the rights to receive cash flows from the investments have expired or the Company has transferred the financial asset and the transfer qualifies for derecognition. Notes to the Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian dollars) Financial liabilities Financial liabilities are derecognized when, and only when, the Company’s obligations are discharged, cancelled or they expire. The difference between the carrying amount of the financial liability derecognized and the consideration paid and payable is recognized in the consolidated statement of comprehensive loss. (i) Loss per share The Company uses the treasury stock method to compute the dilutive effect of options, warrants and similar instruments. Under this method, the dilutive effect on loss per common share is recognized on the use of the proceeds that could be obtained upon exercise of options, warrants and similar instruments. It assumes that the proceeds would be used to purchase common shares at the average market price during the period. Basic loss per common share is calculated using the weighted average number of common shares outstanding during the period and does not include outstanding options and warrants. Dilutive loss per common share is not presented differently from basic loss per share as the conversion of outstanding stock options and warrants into common shares would be anti-dilutive. (j) Income taxes Income tax expense comprises current and deferred tax. Current tax and deferred tax are recognized in net income except to the extent that it arises in a business combination, or from items recognized directly in equity or other comprehensive loss/income. Current income tax assets and liabilities for the current period are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting date, in the countries where the Company operates and generates taxable income. Current income tax relating to items recognized directly in other comprehensive income or equity is recognized in other comprehensive income or equity and not in profit or loss. Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate. Deferred income tax is provided using the asset and liability method of temporary differences at the reporting date between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes. The carrying amount of deferred income tax assets is reviewed at the end of each reporting period and recognized only to the extent that it is probable that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be utilized. Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realized or the liability is settled, based on tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period. Deferred income tax assets and deferred income tax liabilities are offset, only if a legally enforceable right exists to set off current tax assets against current income tax liabilities and the deferred income taxes relate to the same taxable entity and the same taxation authority. Flow-through shares Any premium received by the Company on the issuance of flow-through shares is initially recorded as a liability (“flow-through tax liability”). Upon renouncement by the Company of the tax benefits associated with the related expenditures, a flow-through share premium liability is recognized and the liability will be reversed as eligible expenditures are made. If such expenditures are capitalized, a deferred tax liability is recognized. To the extent that suitable deferred tax assets are available, the Company will reduce the deferred tax liability. Notes to the Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian dollars) (k) Share-based payments Where equity-settled share options are awarded to employees, the fair value of the options at the date of grant is recognized over the vesting period. Performance vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each reporting date so that, ultimately, the cumulative amount recognized over the vesting period is based on the number of options that eventually vest. Non-vesting conditions and market vesting conditions are factored into the fair value of the options granted. As long as all other vesting conditions are satisfied, a charge is made irrespective of whether these non-vesting and market vesting conditions are satisfied. The cumulative expense is not adjusted for failure to achieve a market vesting condition or where a non-vesting condition is not satisfied. Where the terms and conditions of options are modified, the increase in the fair value of the options, measured immediately before and after the modification, is also recognized over the remaining vesting period. Where equity instruments are granted to non-employees, they are recorded at the fair value of the goods or services received. Amounts related to the issuance of shares are recorded as a reduction of share capital. When the value of goods and services received in exchange for the share-based payment cannot be reliably estimated, the fair value is measured by use of a valuation model. The expected life used in the model is adjusted, based on management’s best estimate, for the effects of non-transferability, exercise restrictions, and behavioural considerations. All equity-settled share-based payments are reflected in share-based payments reserve, until exercised. Upon exercise shares are issued from treasury and the amount reflected in share-based payments reserve is credited to share capital along with any consideration paid. (l) Share capital The Company’s common shares, preferred shares and share warrants shares are classified as equity instruments. Incremental costs directly attributable to the issue of new shares or options are shown in equity as a deduction from the proceeds. Proceeds received on the issuance of units, consisting of common shares and warrants are allocated to share capital. (m) Flow-through shares Resource expenditure deductions for income tax purposes related to exploratory activities funded by flow-through share arrangements are renounced to investors in accordance with income tax legislation. Pursuant to the terms of the flow-through share agreements, these shares transfer the tax deductibility of qualifying resource expenditures to investors. On issuance, the Company bifurcates the flow-through share into a flow-through share premium, equal to the estimated premium, if any, investors pay for the flow-through feature, which is recognized as a liability and share capital. Upon expenses being incurred, the Company derecognizes the liability and recognizes a deferred tax liability for the amount of tax reduction renounced to the shareholders. The premium is recognized as other income and the related deferred tax is recognized as a tax provision. Proceeds received from the issuance of flow-through shares are restricted to be used only for Canadian resource property exploration expenditures within a two-year period. The portion of the proceeds received but not yet expended at the end of the period is disclosed separately as flow- through share proceeds, if any. The Company may also be subject to a Part XII.6 tax on flow-through proceeds renounced under the look-back Rule, in accordance with Government of Canada flow-through regulations. When applicable, this tax is accrued as a financing expense until qualifying expenditures are incurred. Notes to the Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian dollars) (n) Equipment Equipment is stated at historical cost less accumulated depreciation and accumulated impairment losses. Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of a significant replaced part is derecognized. All other repairs and maintenance are charged to the consolidation statement of comprehensive loss during the financial period in which they are incurred. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognized in profit or loss. Depreciation and amortization are calculated on a straight-line method to charge the cost, less residual value, of the assets to their residual values over their estimated useful lives. The depreciation and amortization rate applicable to each category of equipment is as follows: SCHEDULE OF DEPRECIATION AND AMORTIZATION RATE Equipment Depreciation rate Exploration equipment 20% Computer software 50% Computer equipment 55% (o) Equity investment Investments in entities over which the Company has a significant influence, but not control, are accounted for by the equity method, whereby the original cost of the investment is adjusted for the Company’s proportionate share of the investee’s income or loss. When the Company’s equity investee issues its own shares to outside interest, a dilution gain or loss arises as a result of the difference between the Company’s proportionate share of the proceeds and the carrying value of the underlying equity. When net accumulated losses from an equity accounted investment exceed its carrying amount, the investment balance is reduced to zero and additional losses are not provided for unless the Company is committed to provide financial support to the investee. (p) 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 consolidated 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 Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian dollars)

CRITICAL ACCOUNTING JUDGMENTS,

CRITICAL ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS	12 Months Ended
	Dec. 31, 2021
Critical Accounting Judgments Estimates And Assumptions
CRITICAL ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS	3. CRITICAL ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS The preparation of the financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that can affect reported amounts of assets, liabilities revenues and expenses and the accompanying disclosures. Estimates and assumptions are continuously evaluated and are based on management’s historical experience and on other assumptions believed to be reasonable under the circumstances. However, different judgments, estimates and assumptions could result in outcomes that require a material adjustment to the carrying amount of assets or liabilities affected in future periods. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements are: (a) Recoverability of Exploration and Evaluation Assets The ultimate recoverability of the exploration and evaluation assets with a carrying value of $ 39,099,000 at December 31, 2021, is dependent upon the Company’s ability to obtain the necessary financing and permits to complete the development and commence profitable production at its projects, or alternatively, upon the Company’s ability to dispose of its interests therein on an advantageous basis. A review of the indicators of potential impairment is carried out at least at each period end. Management undertakes a periodic review of these assets to determine whether any indication of impairment exists. Where an indicator of impairment exists, a formal estimate of the recoverable amount of the assets is made. An impairment loss is recognized when the carrying value of the assets is higher than the recoverable amount and when mineral license tenements are relinquished or have lapsed. In undertaking this review, management of the Company is required to make significant estimates of, among other things, discount rates, commodity prices, availability of financing, future operating and capital costs and all aspects of project advancement. These estimates are subject to various risks and uncertainties, which may ultimately have an effect on the expected recoverability of the carrying values of the assets. During the year ended December 31, 2021, the Company recorded write-off of its Quetico claims of $ 71,466 27,657 437,897 . (b) Restoration Provisions Management’s best estimates regarding the restoration provisions are based on the current economic environment. Changes in estimates of contamination, restoration standards and restoration activities result in changes to provisions from period to period. Actual restoration provisions will ultimately depend on future market prices for future restoration obligations. Management has determined that the Company has restoration obligations at December 31, 2021 of $ Nil (December 31, 2020 - $ 267,000 ) related to its Greenland exploration and evaluation asset. (c) Valuation of Share-Based Compensation The Company estimates the fair value of convertible securities such as warrants and options using the Black-Scholes Option Pricing Model which requires significant estimation around assumptions and inputs such as expected term to maturity, expected volatility and expected forfeiture rates. The accounting policies in Note 2(k) and Note 8 of the consolidated financial statements contain further details of significant assumptions applied to these areas of estimation. (d) Going Concern Financial statements are prepared on a going concern basis unless management either intends to liquidate the Company or to cease trading, or has no realistic alternative to do so. Assessment of the Company’s ability to continue as a going concern requires the consideration of all available information about the future, which is at least, but not limited to, twelve months from the end of the reporting period. This information includes estimates of future cash flows and other factors, the outcome of which is uncertain. When management is aware, in making its assessment, of material uncertainties related to events or conditions that may cast substantial doubt upon the Company’s ability to continue as a going concern those uncertainties are disclosed. Notes to the Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian dollars) (e) Equity investment Management determines its ability to exercise significant influence over an investee by looking at its percentage interest and other qualitative factors including but not limited to its voting rights, representation on the board of directors, participation in policymaking processes, material transactions between the Company and the investee, interchange of managerial personnel, provision of essential technical information and operating involvement. At December 31, 2021, the Company’s percentage holding in its private investee was 10

RECEIVABLES AND OTHER CURRENT A

RECEIVABLES AND OTHER CURRENT ASSETS	12 Months Ended
	Dec. 31, 2021
Trade and other current receivables [abstract]
RECEIVABLES AND OTHER CURRENT ASSETS	4. RECEIVABLES AND OTHER CURRENT ASSETS A summary of the receivables and other current assets as of December 31, 2021 and 2020 is detailed in the table below: (All amounts in table are expressed in thousands of Canadian dollars) SCHEDULE OF RECEIVABLES AND OTHER CURRENT ASSETS December 31, 2021 December 31, 2020 Sales taxes receivable 22 23 Prepaid expenses 53 36 Total receivables and other current assets 75 59

EQUIPMENT

EQUIPMENT	12 Months Ended
	Dec. 31, 2021
Disclosure of detailed information about property, plant and equipment [abstract]
EQUIPMENT	5. EQUIPMENT The table below sets out costs and accumulated depreciation as at December 31, 2021 and 2020: SUMMARY OF PROPERTY, PLANT AND EQUIPMENT Exploration Equipment Computer Equipment Computer Software Total Cost Balance – December 31, 2020 and 2021 67 15 136 218 Accumulated Amortization Balance – December 31, 2019 48 12 130 190 Amortization 4 1 2 7 Balance – December 31, 2020 52 13 132 197 Amortization 3 1 1 5 Balance – December 31, 2021 55 14 133 202 Carrying Amount As at December 31, 2020 15 2 4 21 As at December 31, 2021 12 1 3 16 Notes to the Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian dollars)

EXPLORATION AND EVALUATION ASSE

EXPLORATION AND EVALUATION ASSETS	12 Months Ended
	Dec. 31, 2021
Exploration And Evaluation Assets
EXPLORATION AND EVALUATION ASSETS	6. EXPLORATION AND EVALUATION ASSETS (All amounts in table are expressed in thousands of Canadian dollars) SCHEDULE OF EXPLORATION AND EVALUATION ASSETS Post Creek Property Halcyon Property Quetico Claims Loveland Nickel (Enid Creek) Lingman Lake Section 35 Property Maniitsoq Property Total Canada US Greenland Post Creek Property Halcyon Property Quetico Claims Loveland Nickel (Enid Creek) Lingman Lake Section 35 Property Maniitsoq Property Total Acquisition Balance, December 31, 2019 298 230 42 83 14 11 42 720 Acquisition costs 10 8 - - - - 4 22 Administration 2 1 - - - - 9 12 Property maintenance 6 5 1 - - - 25 37 Drilling - - 5 167 - - 43 215 Geology 21 13 69 83 - - 56 242 Geophysics 2 - 28 72 - - 3 105 Helicopter charter aircraft - - - - - - 8 8 Infrastructure - - - - - - 13 13 Camp site cleanup - - - - - - 267 267 Impairment - - - (83 ) - - - (83 ) Evaluation assets, gross 31 19 103 (33 ) 13 - 411 531 Balance, December 31, 2020 308 238 42 - 14 11 46 659 Balance, December 31, 2020 308 238 42 - 14 11 46 659 Acquisition costs – cash 10 8 - - - - - 18 Impairment - - (37 ) - (14 ) - - (51 ) Balance, December 31, 2021 318 246 5 - - 11 46 626 Exploration Balance, December 31, 2019 1,498 233 39 33 13 (11 ) 36,108 37,913 Administration 2 1 - - - - 9 12 Property maintenance 6 5 1 - - - 25 37 Drilling - - 5 167 - - 43 215 Geology 21 13 69 83 - - 56 242 Geophysics 2 - 28 72 - - 3 105 Helicopter charter aircraft - - - - - - 8 8 Camp site cleanup - - - - - - 267 267 Impairment - - - (355 ) - - - (355 ) Evaluation assets, gross 31 19 103 (33 ) 13 - 411 531 Balance, December 31, 2020 1,529 252 142 - 13 - 36,519 38,445 Balance 1,529 252 142 - 13 - 36,519 38,445 Administration - - - - - - 7 7 Drilling - - - - - - 42 42 Geology 12 12 10 - - - 55 89 Geophysics - - 1 - - - - 1 Property maintenance 1 1 1 - - - 17 20 Infrastructure - - - - - - 13 13 Camp site cleanup - - - - - - (95 ) (95 ) Impairment - - (35 ) (13 ) (48 ) Evaluation assets, gross 13 13 (23 ) - - - 39 28 Balance, December 31, 2021 1,542 265 119 - - - 36,558 38,473 Total, December 31, 2020 1,837 490 184 - 27 - 36,565 39,103 Total, December 31, 2021 1,860 511 124 - - - 36,604 39,099 Balance 1,860 511 124 - - - 36,604 39,099 Notes to the Consolidated Financial Statements For the year ended December 31, 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 year ended December 31, 2021, the Company incurred acquisition and exploration expenditures totalling $ 22,732 (December 31, 2020 - $ 41,004 ) on the Post Creek Property. Halcyon On December 31, 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 year ended December 31, 2021, the Company incurred $ 20,732 27,317 Quetico On April 26 and May 17, 2018, the Company acquired the right to certain mineral claims known as Quetico located within the Sudbury Mining District of Ontario. The Company had no minimum required exploration commitment for the years ended December 31, 2021, 2020 and 2019 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 two one-year exclusions were granted 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 Mine (ENDM). The one-year exclusion was granted on September 1, 2020, thus adjusting the work requirement due dates to April and May of 2021. The COVID-19 relief program was offered again in 2021, and the Company lodged a second set of applications on March 29, 2021 and April 21, 2021 to extend the tenure of the claim blocks. The additional one-year exclusions were granted on May 14 and May 20, 2021 thus adjusting the work requirement due dates to April and May of 2022. By the second anniversary of the recording of a claim and by each anniversary thereafter, a minimum of $400 worth of approved exploration activity per claim unit must be reported to the Provincial Recording Office. 324,000 61,783 During the year ended December 31, 2021, the Company incurred $ 11,668 102,715 Notes to the Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian dollars) IFRS 6 requires management to assess the exploration and evaluation assets for impairment. Accordingly, at December 31, 2021, management believed that facts and circumstances existed to suggest that the carrying amount of Quetico claims exceeded its recoverable amount. As a result, management determined the Quetico claims should be impaired by $ 71,466 124,348 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 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. The Company incurred total acquisition and related costs of $ Nil (December 31, 2020 - $ Nil ) during the year ended December 31, 2021. As at December 31, 2021, management elected not to proceed with further exploration on the property. Accordingly, all acquisition and exploration related costs were impaired as at December 31, 2021, totalling $ 27,657 . Section 35 Property On January 4, 2016, the Company entered into a 10-year Metallic Minerals Lease (the “Lease”) with the Michigan Department of Natural Resources for an area covering approximately 320 acres. The terms of the Lease required annual rental fees. At the end of the fiscal year 2019, management of the Company made a decision to relinquish the mineral lease. As a result, all cumulative exploration related costs of $ 11,393 13,016 10,000 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. During the year ended December 31, 2021, the Company spent in aggregate of $ 133,772 Notes to the Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian dollars) During the year ended December 31, 2020, the Company has recorded a $ 267,000 94,606 IFRS 6 requires management to assess the exploration and evaluation assets for impairment. No facts or circumstances existed at December 31, 2021 and December 31, 2020 to suggest impairment on the Maniitsoq property. The valuation was based on historical drilling results and management’s future exploration plans on the Maniitsoq Property. The Company intends to plan and budget for further exploration on the Maniitsoq Property in the future. 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 During the year ended December 31, 2021, the Company received a license extension, which provides for renewal period until December 31, 2022. 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 56,367,505 The Company had no minimum required exploration commitment for the year ended December 31, 2021 and available credits of DKK 285,866,733 (approximately $ 57,026,697 ) at the end of December 31, 2021. During the year ended December 31, 2021, the Company had approved exploration expenditures of DKK 1,921,180 (approximately $ 384,236 ). The credits available from each year may be carried forward for 3 years plus a 2-year extension and expire between December 31, 2022 to December 2024 . The Company has no exploration commitment for the 2022 fiscal year. During the year ended December 31, 2021, the Company spent a total of $ 104,538 (December 31, 2020 - $ 117,756 ) in exploration and license related expenditures on the Sulussugut License and recorded a $ 54,556 camp site cleanup provision recovery. To December 31, 2021 and 2020, the Company has completed all obligations with respect to required reduction of the area of the license. Notes to the Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian dollars) 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 (DKK 32,200 ) upon granting of the Ininngui License. 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, 2021, the Company received a license extension, which provides for a renewal period until December 31, 2023 . 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 The Company had no minimum required exploration commitment for the year ended December 31, 2021. As of December 31, 2021, the Company has spent $ 5,221,333 on exploration costs for the Ininngui License and exceeded the minimum requirement with a total cumulative surplus credits of DKK 30,515,237 (approximately $ 6,087,393 ). The credits available from each year may be carried forward for 3 years plus a 2-year extension and expire between December 31, 2022 to December 2024 . The Company has no exploration commitment for the 2022 fiscal year. During the year ended December 31, 2021, the Company spent a total of $ 21,755 (December 31, 2020 - $ 19,424 ) in exploration and license related expenditures and recorded a $ 26,700 camp site cleanup provision recovery. 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 (DKK 31,000 ) upon granting of the Carbonatite License. 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, 2021, the Company received a license extension, which provides for renewal period until 2024 . The Company had no minimum required exploration obligation for the year ended December 31, 2021. As of December 31, 2021, the Company has spent $ 1,511,400 on exploration costs for the Carbonatite License. To December 31, 2021, the Company’s expenditures exceeded the minimum requirement and the Company has a total surplus credit of DKK 10,577,191 (approximately $ 2,110,012 ). The credit available from each year may be carried forward 3 years plus a 1-year extension and expire between December 31, 2023 to December 2024 . The Company has no exploration commitment for the 2022 fiscal year. During the year ended December 31, 2021, the Company spent a total of $ 7,083 (December 31, 2020 - $ 6,527 ) 13,350 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 . The Company paid a granting fee of $ 4,301 (DKK 21,900 ). There were $ 396 Nil

TRADE PAYABLES AND ACCRUED LIAB

TRADE PAYABLES AND ACCRUED LIABILITIES	12 Months Ended
	Dec. 31, 2021
Trade and other current payables [abstract]
TRADE PAYABLES AND ACCRUED LIABILITIES	High Atlas Project in Morocco In 2018, the Company’s geologists identified a project opportunity in the high Atlas Mountains of Morocco. There is no modern geophysical coverage and no drilling on the property. In 2019, the Company signed an MOU with ONHYM (Office National des Hydrocarbons et des Mines), a government entity and single largest current permit holder in Morocco. Through this alliance, the Company was given access to confidential exploration data to develop nickel projects in the High Atlas Region of Morocco. In November and December 2021, the Company lodged applications for five permits in Morocco. In December, three of the five permits were awarded to the Company with the decision on the fourth and fifth permit pending. During the year ended December 31, 2021, the Company spend a total of $ 26,652 31,630 7. TRADE PAYABLES AND ACCRUED LIABILITIES (All amounts in table are expressed in thousands of Canadian dollars) SUMMARY OF TRADE PAYABLES AND ACCRUED LIABILITIES December 31, 2021 December 31, 2020 Trade payables 401 290 Amounts due to related parties (Note 10) 33 28 Accrued liabilities 46 44 Trade payables and accrued liabilities 480 362 Notes to the Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian dollars)

SHARE CAPITAL, WARRANTS AND OPT

SHARE CAPITAL, WARRANTS AND OPTIONS	12 Months Ended
	Dec. 31, 2021
Share Capital Warrants And Options
SHARE CAPITAL, WARRANTS AND OPTIONS	8. 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 During the year ended December 31, 2021, the Company issued 13,080,314 common shares on exercise of warrants and options and received $ 1,641,675 in proceeds from the exercise of 12,580,314 warrants and $ 112,000 from the exercise of 500,000 options. There were no warrants or options exercised during the year ended December 31, 2020. As at December 31, 2021, the Company has 131,204,627 109,833,648 On April 20, 2021 the Company closed a non-brokered private placement consisting of an aggregate of 8,290,665 units of the Company (the “Units”) at a price of $ 0.24 per unit, for aggregate gross proceeds of $ 1,989,760 . Each unit consists of one common share in the capital of the Company and one half transferable common share purchase warrant (“Warrant”) of the Company. 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 % of the gross proceeds raised from subscribers introduced to the Company by such Finders, being an aggregate of $65,830, and (ii) a number of common share purchase warrants (the “Finder Warrants”) equal to 6% of the units attributable to the Finders under the private placement, being an aggregate of 274,289 Finder Warrants. Each Finder Warrant entitles the Finder to acquire one common share of the Company for a period of twenty-four (24) months following its issuance date, at an exercise price of $0.35 The Company allocated a $ 464,493 fair value to the warrants issued in conjunction with the private placement and $ 30,735 to agent’s warrants. The fair value of warrants was determined using the Black-Scholes Option Pricing Model with the following assumptions; expected life of 1.5 years, expected dividend yield of 0% , a risk-free interest rate of 0.29% and an expected volatility of 132% . 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 . The Company issued an aggregate of 588,154 common share purchase warrants. 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 Company allocated a $ 716,055 fair value to the warrants issued in conjunction with the private placement and $ 18,547 to agent’s warrants. The fair value of warrants was determined using the Black-Scholes Option Pricing Model with the following assumptions; expected life of 2 years , expected dividend yield of 0% , a risk-free interest rate of 0.28% to 0.31% range and an expected volatility of 158% to 158.53% range. 2019 On October 24, 2019 the TSXV approved the filing of the earn in agreement for the Loveland Nickel Property. As a result, on December 9, 2019, the Company issued 300,000 51,000 On December 18, 2019, the Company closed a non-brokered private placement equity financing of 7,373,265 0.18 2,224,666 0.18 1,727,628 Each warrant will entitle the holder to acquire one common share of the Company at an exercise price of $0.25 for a period of 24 months from its date of issuance. All Securities issued pursuant to this offering were subject to a hold period which expired on April 19, 2020. 343,639 265,217 21,445 298,099 2 years 0% 1.73% 147.26% On issuance, the Company bifurcated the flow-through shares into i) a flow-through share premium of $ 88,987 311,453 400,440 Nil Nil Notes to the Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian dollars) b) Preferred shares issued and outstanding As at December 31, 2021, December 31, 2020 and December 31, 2019 there are 590,931 series 1 preferred shares outstanding. 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 per share, by $ 9.00 c) Warrants A summary of common share purchase warrants activity during the years ended December 31, 2021, December 31, 2020 and December 31, 2019 is as follows: SCHEDULE OF NUMBER AND WEIGHTED AVERAGE EXERCISE PRICES OF WARRANTS December 31, 2021 December 31, 2020 December 31, 2019 Number Outstanding Weighted Average Exercise Price ($) Number Outstanding Weighted Average Exercise Price ($) Number Outstanding Weighted Average Exercise Price ($) Outstanding, beginning of year 25,715,742 0.11 15,651,397 0.96 25,797,283 1.20 Issued 4,419,620 0.35 21,731,011 0.09 3,984,731 0.25 Exercised (12,580,314 ) 0.13 - - - - Cancelled / expired (1,472,223 ) 0.25 (11,666,666 ) 1.20 (14,130,617 ) 1.20 Outstanding, end of year 16,082,825 0.15 25,715,742 0.11 15,651,397 0.96 Notes to the Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian dollars) At December 31, 2021, the Company had outstanding common share purchase warrants exercisable to acquire common shares of the Company as follows: SCHEDULE OF NUMBER AND WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE OF OUTSTANDING WARRANTS Warrants Outstanding Expiry Date Exercise Price ($) Weighted Average remaining contractual life (years) 10,871,817 1 August 13, 2022 0.09 0.41 1,204,638 1 August 31, 2022 0.09 0.05 4,006,370 April 16, 2023 0.35 0.33 16,082,825 0.79 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 The average share price at the dates the finders’ warrants were exercised was $ 0.34 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 10 A summary of option activity under the Plan during the years ended December 31, 2021, December 31, 2020 and December 31, 2019 is as follows: SCHEDULE OF NUMBER AND WEIGHTED AVERAGE EXERCISE PRICES OF SHARE OPTIONS December 31, 2021 December 31, 2020 December 31, 2019 Number Outstanding Weighted Average Exercise Price ($) Number Outstanding Weighted Average Exercise Price ($) Number Outstanding Weighted Average Exercise Price ($) Outstanding, beginning of year 7,978,725 0.17 2,130,550 1.51 2,594,550 1.80 Issued 8,178,972 0.37 7,850,000 0.15 - - Exercised (500,000 ) 0.22 - - - - Cancelled / expired (603,100 ) 0.31 (2,001,825 ) 1.51 (464,000 ) 4.23 Outstanding, end of year 15,054,597 0.27 7,978,725 0.17 2,130,550 1.51 During the year ended December 31, 2021, the Company granted an aggregate total of 8,178,972 stock options to employees, directors and consultants with a maximum term of 5 years. All options vest immediately and are exercisable as to 3,185,000 options at $ 0.32 per share and 4,993,972 options at $ 0.40 per share. The Company calculates the fair value of all stock options using the Black-Scholes Option Pricing Model. The fair value of options granted during the year ended December 31, 2021 amounted to $ 2,530,706 and was recorded as a share-based payment expense. The weighted average fair value of options granted during the year ended December 31, 2021 is $ 0.31 During the year ended December 31, 2020, the Company granted an aggregate total of 7,850,000 5 6,650,000 0.16 1,200,000 0.09 969,391 There were no Notes to the Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian dollars) The fair value of stock options granted and vested during the years ended December 31, 2021, 2020 and 2019 was calculated using the following assumptions: SCHEDULE OF INPUTS TO OPTION PRICING MODEL December 31, 2021 December 31, 2020 December 31, 2019 Expected dividend yield 0 % 0 % Expected share price volatility 126.4 127.8 % 121.5 125 % - Risk free interest rate 0.93 1.34 % 0.39 1.21 % - Expected life of options 5 5 - Details of options outstanding as at December 31, 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 5,800,000 5,800,000 February 24, 2025 0.16 1.22 1,200,000 1,200,000 August 19, 2025 0.09 0.29 2,985,000 2,985,000 February 25, 2026 0.32 0.83 4,993,972 4,993,972 October 25, 2026 0.40 1.61 15,054,597 15,054,597 3.95 * Subsequently expired, unexercised. The average share price at the dates the options were exercised was $ 0.485 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 year ended December 31, 2021, the Company transferred $ 203,865 (December 31, 2020 - $ 3,782,706 ) (December 31, 2019 - $ 3,860,656 666,478 to share capital for exercised warrants and options (December 31, 2020 and 2019 - $ Nil ). During the year ended December 31, 2021, the Company recorded $ 2,530,706 (December 31, 2020 - $ 969,391 ) of share-based payments to reserves. There were no

INVESTMENT IN PREMIUM NICKEL RE

INVESTMENT IN PREMIUM NICKEL RESOURCES INC	12 Months Ended
	Dec. 31, 2021
Disclosure of detailed information about investment property [abstract]
INVESTMENT IN PREMIUM NICKEL RESOURCES INC	9. INVESTMENT IN PREMIUM NICKEL RESOURCES INC On September 30, 2019, the Company entered into a Memorandum of Understanding (“MOU”) with Premium Nickel. Pursuant to the MOU, the Company and Premium Nickel set forth their interests in negotiating and acquiring several of the assets of BCL Limited, a private company with operations in Botswana that is currently in liquidation. Concurrent with the MOU, the Company initially subscribed for 2,400,000 common shares of Premium Nickel at $ 0.01 , for a total investment of $ 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 . At December 31, 2019, the Company’s investment was recorded as an advance, as the Company had not yet been issued the common share certificates nor the Warrant. The initial common share certificate and Warrant were issued during the year ended December 31, 2020. To December 31, 2020, the Company subscribed for an additional 4,657,711 common shares of Premium Nickel, for a further investment of $ 154,164 . The common shares underlying the investment are restricted (“Restricted”) from being traded before such date that is 4 months after the later of (a) the date of issuance and (b) the date at which Premium Nickel becomes a reporting issuer in any province or territory. As of December 31, 2020, the underlying common shares are Restricted. During year ended December 31, 2021, the Company invested additional $ 441,446 and as of December 31, 2021, the Company held a 10% 11.01 %). Notes to the Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian dollars) As of December 31, 2021, the Company was providing the corporate management and technical expertise to Premium Nickel on a contractual basis, had two directors representing the Company on the Board, who were actively participating in the day-to-day activities of Premium Nickel and actively contributing to Premium Nickel’s financial and operational strategies. Accordingly, the Company determined that it has significant influence in Premium Nickel and has used equity accounting for the investment. Premium Nickel’s financial information at December 31, 2021 was net assets of $ 4,770,937 which was comprised primarily of cash, and a total comprehensive loss of $ 1,688,310 was recorded for the year ended December 31, 2021. Details of the Company’s investment at December 31, 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 (169 ) Total 321 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 development 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. During the year ended December 31, 2021, pursuant to the Services Agreement, the Company charged Premium Nickel $ 2,370,444 (December 31, 2020 - $ 647,164 ) for services and charged, $ 42,315 (December 31, 2020 - $ 8,495 ) in administrative fees, received $ 2,225,589 (December 31, 2020 – $ 701,305 ) and recorded $ 199,145 in due from Premium Nickel (December 31, 2020 - $ 54,619 ). Subsequent to December 31, 2021, the Company received the $ 199,145 in full from Premium Nickel.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2021
RELATED PARTY TRANSACTIONS	10. RELATED PARTY TRANSACTIONS The following amounts due to related parties are included in trade payables and accrued liabilities (Note 7): (All amounts in table are expressed in thousands of Canadian dollars) SCHEDULE OF AMOUNTS DUE TO RELATED PARTIES, INCLUDED IN TRADE PAYABLES AND ACCRUED LIABILITIES December 31, 2021 December 31, 2020 Directors and officers of the Company 28 21 Related company 5 7 Total 33 28 These amounts are unsecured, non-interest bearing and have no fixed terms of repayment. Notes to the Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian dollars) The following amount due from related party and advance represent as well as the 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) December 31, 2021 December 31, 2020 Due from related party 199 55 Advance - 50 Investment 321 48 Total 520 153 (a) Related party transactions 2021 Sentient Executive GP IV Limited (“Sentient”) and Contemporary Amperex Technology Limited (“CATL”) have historically subscribed to private placements of the Company. As of December 31, 2021, Sentient beneficially owns 36,980,982 28.19 As of December 31, 2021, CATL beneficially owns 22,944,444 17.49 2020 Sentient Executive GP IV Limited (“Sentient”) and Contemporary Amperex Technology Limited (“CATL”) have historically subscribed to private placements of the Company. As of December 31, 2020, Sentient beneficially owns 36,980,982 33.66 As of December 31, 2020, CATL beneficially owns 22,944,444 20.89 During the year ended December 31, 2020, the Company recorded $ 185,706 2019 As of December 31, 2019, Sentient beneficially owns 36,980,982 41.70% On December 18, 2019, CATL subscribed for a total of 2,944,444 530,000 1,472,222 0.25 22,944,444 25.87% During the year ended December 31, 2019, the Company recorded $ 370,127 174,224 244,285 Notes to the Consolidated Financial Statements For the year ended December 31, 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: (All amounts in table are expressed in thousands of Canadian dollars) SCHEDULE OF KEY MANAGEMENT COMPENSATION December 31, 2021 December 31, 2020 December 31, 2019 Geological consulting fees – expensed - 5 136 Management fees – expensed 531 478 747 Salaries - expensed - 182 185 Share-based payments 2,314 756 - Total 2,845 1,421 1,068

SUPPLEMENTAL CASH FLOW INFORMAT

SUPPLEMENTAL CASH FLOW INFORMATION	12 Months Ended
	Dec. 31, 2021
Supplemental Cash Flow Information
SUPPLEMENTAL CASH FLOW INFORMATION	11. SUPPLEMENTAL CASH FLOW INFORMATION Changes in working capital for the year ended December 31, 2021 and 2020 are as follows: (All amounts in table are expressed in thousands of Canadian dollars) SCHEDULE OF CHANGES IN WORKING CAPITAL December 31, 2021 December 31, 2020 December 31, 2019 (Increase) decrease in due from related party (143 ) 102 (126 ) (Increase) decrease in prepaid expenses (17 ) 7 3 (Decrease) increase in trade payables and accrued liabilities (122 ) (155 ) 134 Total changes in working capital (282 ) (46 ) 11 During the year ended December 31, 2021, the Company: i) transferred $ 203,865 ii) recorded $ 67,532 as the net change for accrued exploration and evaluation expenditures; iii) recorded $ 94,606 iv) reclassed $ 50,000 During the year ended December 31, 2020, the Company: v) transferred $ 3,782,706 vi) recorded $ 6,506 vii) recorded $ 267,000 viii) reclassed $ 24,000 ix) offset $ 33,735 x) offset $ 7,500 During the year ended December 31, 2019, the Company: i) transferred $ 3,860,656 ii) recorded $ 171,444 iii) paid $ 51,000 iv) recorded $ 88,987

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2021
COMMITMENTS AND CONTINGENCIES	12. 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: $ 19,106 30,951 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. Notes to the Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian dollars) 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 sixty days thirty days

RISK MANAGEMENT

RISK MANAGEMENT	12 Months Ended
	Dec. 31, 2021
RISK MANAGEMENT	13. RISK MANAGEMENT The Company’s exposure to market risk includes, but is not limited to, the following risks: Interest Rate Risk Interest rate risk is the risk that the future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company is not subject to significant changes in interest rate. Foreign Currency Exchange Rate Risk Currency risk is risk that the fair value of future cash flows will fluctuate because of changes in foreign currency exchange rates. In addition, the value of cash and other financial assets and liabilities denominated in foreign currencies can fluctuate with changes in currency exchange rates. The Company operates in Canada and Greenland and undertakes transactions denominated in foreign currencies such as United States dollar, Euros and Danish Krones, and consequently is exposed to exchange rate risks. Exchange risks are managed by matching levels of foreign currency balances and related obligations and by maintaining operating cash accounts in non-Canadian dollar currencies. The rate published by the Bank of Canada at the close of business on December 31, 2021 was 1.2794 1.4462 0.1936 The Company’s Canadian dollar equivalent of financial assets and liabilities that are denominated in Danish Krones consist of accounts payable of $6,776 (2020 - $7,349) and $3,032 in USD currency (2020 - $1,798). Credit Risk Credit risk is the risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation. The credit risk is primarily associated with liquid financial assets. The Company limits exposure to credit risk on liquid financial assets by holding cash at highly-rated financial institutions. The credit risk associated with due from related party is low as it’s solely due from Premium Nickel and the outstanding amount was always settled within 30 days upon invoicing. Price Risk The Company is exposed to price risk with respect to commodity prices. Commodity price risk is defined as the potential adverse impact on earnings and economic value due to commodity price movements and volatilities. To mitigate price risk, the Company closely monitors commodity prices of precious metals and the stock market to determine the appropriate course of action to be taken by the Company. Liquidity Risk Liquidity risk is the risk that the Company will encounter difficulty in meeting obligations associated with financial liabilities that are settled by delivering cash or another financial asset. The Company manages the liquidity risk inherent in these financial obligations by regularly monitoring actual cash flows to annual budget which forecast cash needs and expected cash availability to meet future obligations. The Company will defer discretionary expenditures, as required, in order to manage and conserve cash required for current liabilities. Notes to the Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian dollars) The following table shows the Company’s contractual obligations as at December 31, 2021: (All amounts in table are expressed in thousands of Canadian dollars) SCHEDULE OF CONTRACTUAL OBLIGATIONS As at December 31, 2021 Less than 1 year 1 - 2 years 2 - 5 years Total Trade payables and accrued liabilities 480 - - 480 480 - - 480 Capital Risk Management The Company manages its capital to ensure that it will be able to continue as a going concern, so that adequate funds are available or are scheduled to be raised to carry out the Company’s exploration program and to meet its ongoing administrative and operating costs and obligations. This is achieved by the Board of Directors’ review and ultimate approval of budgets that are achievable within existing resources, and the timely matching and release of the next stage of expenditures with the resources made available from capital raisings and debt funding from related or other parties. In doing so, the Company may issue new shares, restructure or issue new debt. The Company is not subject to any externally imposed capital requirements imposed by a regulator or a lending institution. In the management of capital, the Company includes the components of equity, loans and borrowings, other current liabilities, net of cash. (All amounts in table are expressed in thousands of Canadian dollars) SCHEDULE OF COMPONENTS OF EQUITY, LOANS AND BORROWINGS, AND OTHER CURRENT LIABILITIES 2021 2020 2019 As at December 31, 2021 2020 2019 Equity 41,203 39,015 39,431 Current liabilities 480 629 608 Total liabilities and equity 41,683 39,644 40,039 Cash (1,973 ) (308 ) (1,098 ) Equity and liabilities, net of cash 39,710 39,336 38,941

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2021
FINANCIAL INSTRUMENTS	14. FINANCIAL INSTRUMENTS Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value hierarchy establishes three levels to classify the inputs to valuation techniques used to measure the fair value. The three levels of the fair value hierarchy are: Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities Level 2 – Inputs other than quoted prices that are observable either directly or indirectly Level 3 – Inputs that are not based on observable market data Cash is measured using level 1.

SEGMENTED INFORMATION

SEGMENTED INFORMATION	12 Months Ended
	Dec. 31, 2021
Disclosure of operating segments [abstract]
SEGMENTED INFORMATION	15. SEGMENTED INFORMATION The Company operates in one two (All amounts in table are expressed in thousands of Canadian dollars) SCHEDULE OF GEOGRAPHIC SEGMENTS December 31, 2021 December 31, 2020 Equipment Canada 4 6 Greenland 12 15 Total 16 21 December 31, 2021 December 31, 2020 Exploration and evaluation assets Canada 2,495 2,538 Greenland 36,604 36,565 Total 39,099 39,103

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2021
INCOME TAXES	16. INCOME TAXES A reconciliation of the expected income tax recovery to the actual income tax recovery is as follows: (All amounts in tables are expressed in thousands of Canadian dollars) SCHEDULE OF RECONCILIATION OF EXPECTED INCOME TAX RECOVERY TO ACTUAL INCOME TAX RECOVERY Year ended December 31, 2021 Year ended December 31, 2020 Net loss $ (3,996 ) $ (2,741 ) Statutory tax rate 27 % 27 % Expected income tax recovery at the statutory tax rate (1,079 ) (740 ) Permanent differences and other 479 222 Change in valuation allowance 600 518 Net deferred income tax recovery $ - $ - The significant components of the Company’s deferred income tax assets and liabilities are as follows: SCHEDULE OF SIGNIFICANT COMPONENTS OF DEFERRED INCOME TAX ASSETS AND LIABILITIES Year ended December 31, 2021 Year ended December 31, 2020 Exploration and evaluation assets $ 7,209 $ 7,198 Loss carry-forwards 5,351 4,878 Share issuance costs 84 175 Cumulative eligible capital - 34 Investment 81 35 Equipment 273 102 13,022 12,422 Valuation allowance (13,022 ) (12,422 ) Net deferred tax asset $ - $ - Notes to the Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian dollars) The tax pools relating to these deductible temporary differences expire as follows: SCHEDULE OF TAX POOLS RELATING TO DEDUCTIBLE TEMPORARY DIFFERENCES AND THEIR EXPIRATIONS Canadian Canadian Canadian resource pools Canadian share issue costs 2022 $ - $ - $ - $ 227 2023 - - - 112 2024 - - - 43 2030 696 - - 18 2031 517 - - - 2032 645 - - - 2033 847 - - - 2034 1,484 - - - 2035 2,141 - - - 2036 2,213 - - - 2037 2,637 - - - 2038 2,656 - - - 2039 2,583 - - - 2040 1,682 - - - 2041 1,503 - - - No expiry - 58 65,799 - $ 19,604 $ 58 $ 65,799 400

GENERAL AND ADMINISTRATIVE EXPE

GENERAL AND ADMINISTRATIVE EXPENSES	12 Months Ended
	Dec. 31, 2021
GENERAL AND ADMINISTRATIVE EXPENSES	17. 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 December 31, 2021 December 31, 2020 December 31, 2019 Consulting fees 327 194 286 Filing fees 51 43 94 General office expenses 105 74 220 Investor relations 149 54 32 Management fees 433 467 745 Professional fees 94 158 182 Salaries and benefits - 248 586 Total 1,159 1,238 2,145

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2021
SUBSEQUENT EVENTS	18. SUBSEQUENT EVENTS a) On February 17, 2022, the Company announced that it has executed a non-binding letter of intent (“Non-Binding LOI”) providing for a business combination of Premium Nickel and the Company, (“Merger”), which would be implemented by way of a “Reverse Takeover” (under the policies of the TSX Venture Exchange (the “Exchange”)) of NAN by PNR. Under the policies of the TSXV, Premium Nickel is a “Non-Arm’s Length Party” of the Company. The Non-Binding LOI will form the basis upon which Premium Nickel and the Company will negotiate one or more definitive agreements governing the proposed Merger. It is currently anticipated that the Merger will be completed by way of a triangular amalgamation involving Premium Nickel, NAN and a wholly-owned subsidiary of the Company to be formed; provided, however that the definitive structure of the Merger will be determined based on further tax and structuring advice to be received prior to the execution of definitive agreements governing the proposed Merger. The Company is the Issuer” after the closing of the Merger. Notes to the Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian dollars) Proposed Transaction Terms The Company currently owns approximately 9.8% of the outstanding common shares of Premium Nickel on a basic, undiluted basis, and a warrant entitling the Company to purchase an additional 15% of the equity in Premium Nickel, on an undiluted basis, for US$ 10 million, until February 26, 2025 (the “ 15% Warrant”) While a definitive exchange ratio remains subject to ongoing due diligence, under the terms of the Non-Binding LOI, each common share of Premium Nickel outstanding immediate prior to the closing of the Merger, other than any common share of Premium Nickel held by the Company, would be exchanged for 5.27 common shares of the Resulting Issuer (before giving effect to any Consolidation) and the 15% Warrant and the common shares of Premium Nickel held by the Company would be extinguished. Following completion of the Merger, approximately 25% of the outstanding common shares of the Resulting Issuer are expected to be held by the current shareholders of the Company and approximately 75% of the outstanding common shares of the Resulting Issuer are expected to be held by the current shareholders of Premium Nickel (other than the Company). In connection with the proposed Merger, and subject to any required shareholder and regulatory approvals, the Company is expected to seek the requisite shareholder and regulatory approvals to change the name and stock ticker symbol of the Resulting Issuer as part of the Merger to such name and ticker symbol as may be requested by Premium Nickel, acting reasonably, consolidate the common shares of the Resulting Issuer (the “Consolidation”) and reconstitute the board of directors of the Resulting Issuer. The Non-Binding LOI provides for an exclusivity period ending at 11:59 p.m. (Toronto time) on April 2, 2022, which has been extended to April 29 by mutual written consent of the parties, to allow parties to complete their due diligence and negotiate definitive agreements for the proposed Merger. b) On March 3, 2022, the Company entered into a promissory note loan agreement with Premium Nickel, whereby Premium Nickel borrowed US $ 1,000,000 from the Company and promises to pay back the loan in full on the maturity date, being April 30, 2022 . Interest accruing at 10% per annum shall also be paid on maturity date together with the principal amount of the loan. In addition, Premium Nickel agreed to pay the Company a lender fee being 3% of the principal amount, which shall be due and payable to the Company on the maturity date. c) On April 2, 2022, the Company entered into an agreement with Paradigm Capital Inc. (the “Agent”) to act as lead agent and sole bookrunner, on behalf of a syndicate, on a “best efforts” basis, for a private placement offering of subscription receipts of the Company (the “Subscription Receipts”) for gross proceeds of $ 5,000,000 (the “Offering”) at a price of $0.48 per Subscription Receipt (the “Issue Price”). On April 8, 2022, the Offering was upsized to total gross proceeds of up to $ 10,000,320 . Each Subscription Receipt shall be deemed to be automatically exercised, without payment of any additional consideration and without further action on the part of the holder thereof, into a Resulting Issuer Share. on a one-for one basis, upon satisfaction of the Escrow Release Conditions (as defined below), subject to adjustment in certain events. “Escrow Release Conditions” shall mean each of the following conditions, which conditions may be waived in whole or in part jointly by the Company and the Lead Agent: i) receipt of all required corporate, shareholder, regulatory and third-party approvals, if any, required in connection with the Offering and the Merger Transaction; ii) the completion, satisfaction or waiver of all conditions precedent, undertakings, and other matters to be satisfied, completed and otherwise met or prior to the completion of the Merger Transaction (other than delivery of standard closing documentation) have been satisfied or waived in accordance with the definitive agreement relating to the Merger Transaction, to the satisfaction of the Agents acting reasonably (other than the release of the Escrowed Funds); iii) written confirmation to the Agents from each of the Company and PNR that all conditions of the Merger Transaction have been satisfied or waived, other than release of the Escrowed Funds, and that the Merger Transaction shall be completed without undue delay upon release of the Escrowed Funds; iv) the common shares of the Resulting Issuer being conditionally approved for listing on the TSXV; and v) the Company and the Agents having delivered a joint notice and direction to the Escrow Agent, confirming that the conditions set forth in i) to iv) above have been met or waived. The Offering is expected to close on or about April 28, 2022 (the “Closing Date”), or such other date as the Lead Agent and the Company may mutually agree. on the Closing Date, the proceeds of the Offering will be held in escrow pending the earlier of (i) the satisfaction of the Escrow Release Conditions and (ii) the occurrence of a termination event, of which can be terminated by the Company any time after 120 days following the agreement entered with the Agent or by the Agent upon written notification immediately.

BASIS OF PREPARATION AND SIGN_2

BASIS OF PREPARATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2021
Statement of Compliance	(a) Statement of Compliance The Company’s consolidated financial statements were prepared in accordance with International Financial Reporting Standards (“IFRS”). Notes to the Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian dollars)
Basis of Preparation	(b) Basis of Preparation These 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. These areas involving a higher degree of judgment or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements and, are disclosed in Note 3.
Basis of consolidation	(c) Basis of consolidation These 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.
Foreign currency translation	(d) Foreign currency translation Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the date of the transaction. Foreign currency monetary items are translated at the period-end exchange rate. Non-monetary items measured at historical cost continue to be carried at the exchange rate at the date of the transaction. Non-monetary items measured at fair value are reported at the exchange rate at the date when fair values were determined. Exchange differences arising on the translation of monetary items or on settlement of monetary items are recognized in profit or loss in the consolidated statement of comprehensive loss in the period in which they arise, except where deferred in equity as a qualifying cash flow or net investment hedge. Exchange differences arising on the translation of non-monetary items are recognized in other comprehensive income in the consolidated statement of comprehensive loss to the extent that gains and losses arising on those non-monetary items are also recognized in other comprehensive income. Where the non-monetary gain or loss is recognized in profit or loss, the exchange component is also recognized in profit or loss.
Exploration and evaluation assets	(e) Exploration and evaluation assets Exploration and evaluation assets include the costs of acquiring licenses, costs associated with exploration and evaluation activity, and the fair value (at acquisition date) of exploration and evaluation assets acquired in a business combination. Exploration and evaluation expenditures are initially capitalized. Costs incurred before the Company has obtained the legal rights to explore an area are recognized in profit or loss. Government tax credits received are generally recorded as a reduction to the cumulative costs incurred and capitalized on the related property. Exploration and evaluation assets are assessed for impairment if (i) sufficient data exists to determine technical feasibility and commercial viability, and (ii) facts, events and circumstances suggest that the carrying amount exceeds the recoverable amount. Once the technical feasibility and commercial viability of the extraction of mineral resources in an area of interest are demonstrable, exploration and evaluation assets attributable to that area of interest are first tested for impairment and then reclassified to mining property and development assets within equipment. Notes to the Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian dollars) Recoverability of the carrying amount of any exploration and evaluation assets is dependent on successful development and commercial exploitation, or alternatively, sale of the respective areas of interest. The Company may occasionally enter into farm-out arrangements, whereby it will transfer part of an interest, as consideration, for an agreement by the farmee to meet certain exploration and evaluation expenditures which would have otherwise been undertaken by the Company. The Company does not record any expenditures made by the farmee on its behalf. Any cash consideration received from the agreement is credited against the costs previously capitalized to the mineral interest given up by the Company, with any excess consideration accounted for in profit. When a project is deemed to no longer have commercially viable prospects to the Company, exploration and evaluation expenditures in respect of that project are deemed to be impaired. As a result, those exploration and evaluation expenditure costs, in excess of estimated recoveries, are written off to the consolidated statement of comprehensive loss/income.
Restoration and environmental obligations	(f) Restoration and environmental obligations The Company recognizes liabilities for statutory, contractual, constructive or legal obligations associated with the retirement of long-term assets, when those obligations result from the acquisition, construction, development or normal operation of the assets. The net present value of future restoration cost estimates arising from the decommissioning of plant and other site preparation work is capitalized to exploration and evaluation assets along with a corresponding increase in the restoration provision in the period incurred. Discount rates using a pre-tax rate that reflect the time value of money are used to calculate the net present value. The restoration asset will be depreciated on the same basis as other mining assets. The Company’s estimates of restoration costs could change as a result of changes in regulatory requirements, discount rates and assumptions regarding the amount and timing of the future expenditures. These changes are recorded directly to exploration and evaluation assets with a corresponding entry to the restoration provision. The Company’s estimates are reviewed annually for changes in regulatory requirements, discount rates, effects of inflation and changes in estimates. Changes in the net present value, excluding changes in the Company’s estimates of reclamation costs, are charged to profit and loss for the period. The costs of restoration projects included in the provision are recorded against the provision as incurred. The costs to prevent and control environmental impacts at specific properties are capitalized in accordance with the Company’s accounting policy for exploration and evaluation assets.
Impairment of assets	(g) Impairment of assets Impairment tests on intangible assets with indefinite useful economic lives are undertaken annually at the financial year-end. Other non-financial assets, including exploration and evaluation assets, are subject to impairment tests whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. Where the carrying value of an asset exceeds its recoverable amount, which is the higher of value in use and fair value less costs to sell, the asset is written down accordingly. Where it is not possible to estimate the recoverable amount of an individual asset, the impairment test is carried out on the asset’s cash-generating unit, which is the lowest group of assets in which the asset belongs and for which there are separately identifiable cash inflows that are largely independent of the cash inflows from other assets. An impairment loss is charged to the profit or loss, except to the extent the loss reverses gains previously recognized in other comprehensive loss/income. Notes to the Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian dollars)
Financial instruments	(h) Financial instruments In accordance with IFRS 9, the Company’s accounting policy is as follows: Classification The Company classifies its financial instruments in the following categories: at fair value through profit and loss (“FVTPL”), at fair value through other comprehensive income (loss) (“FVTOCI”), or at amortized cost. The Company determines the classification of financial assets at initial recognition. The classification of debt instruments is driven by the Company’s business model for managing the financial assets and their contractual cash flow characteristics. Equity instruments that are held for trading are classified as FVTPL. For other equity instruments, on the day of acquisition the Company can make an irrevocable election (on an instrument-by-instrument basis) to designate them as at FVTOCI. Financial liabilities are measured at amortized cost, unless they are required to be measured at FVTPL (such as instruments held for trading or derivatives) or the Company has opted to measure them at FVTPL. The following table shows the classification of the Company’s financial assets and liabilities: Financial asset/ liability Classification Cash FVTPL Other receivable Amortized cost Trade payables Amortized cost Advance Amortized cost Measurement Financial assets and liabilities at amortized cost Financial assets and liabilities at amortized cost are initially recognized at fair value plus or minus transaction costs, respectively, and subsequently carried at amortized cost less any impairment. Financial assets and liabilities at FVTPL Financial assets and liabilities carried at FVTPL are initially recorded at fair value and transaction costs are expensed in profit or loss. Realized and unrealized gains and losses arising from changes in the fair value of the financial assets and liabilities held at FVTPL are included in the consolidation statements of comprehensive loss in the period in which they arise. Impairment of financial assets at amortized cost An ‘expected credit loss’ impairment model applies which requires a loss allowance to be recognized based on expected credit losses. The estimated present value of future cash flows associated with the asset is determined and an impairment loss is recognized for the difference between this amount and the carrying amount as follows: the carrying amount of the asset is reduced to estimated present value of the future cash flows associated with the asset, discounted at the financial asset’s original effective interest rate, either directly or through the use of an allowance account and the resulting loss is recognized in profit or loss for the period. In a subsequent period, if the amount of the impairment loss related to financial assets measured at amortized cost decreases, the previously recognized impairment loss is reversed through profit or loss to the extent that the carrying amount of the investment at the date the impairment is reversed does not exceed what the amortized cost would have been had the impairment not been recognized. Derecognition Financial assets The Company derecognizes financial assets only when the contractual rights to cash flows from the financial assets expire, or when it transfers the financial assets and substantially all of the associated risks and rewards of ownership to another entity. Gains and losses on derecognition are generally recognized in the consolidated statements of comprehensive loss. Investments are derecognized when the rights to receive cash flows from the investments have expired or the Company has transferred the financial asset and the transfer qualifies for derecognition. Notes to the Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian dollars) Financial liabilities Financial liabilities are derecognized when, and only when, the Company’s obligations are discharged, cancelled or they expire. The difference between the carrying amount of the financial liability derecognized and the consideration paid and payable is recognized in the consolidated statement of comprehensive loss.
Loss per share	(i) Loss per share The Company uses the treasury stock method to compute the dilutive effect of options, warrants and similar instruments. Under this method, the dilutive effect on loss per common share is recognized on the use of the proceeds that could be obtained upon exercise of options, warrants and similar instruments. It assumes that the proceeds would be used to purchase common shares at the average market price during the period. Basic loss per common share is calculated using the weighted average number of common shares outstanding during the period and does not include outstanding options and warrants. Dilutive loss per common share is not presented differently from basic loss per share as the conversion of outstanding stock options and warrants into common shares would be anti-dilutive.
Income taxes	(j) Income taxes Income tax expense comprises current and deferred tax. Current tax and deferred tax are recognized in net income except to the extent that it arises in a business combination, or from items recognized directly in equity or other comprehensive loss/income. Current income tax assets and liabilities for the current period are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting date, in the countries where the Company operates and generates taxable income. Current income tax relating to items recognized directly in other comprehensive income or equity is recognized in other comprehensive income or equity and not in profit or loss. Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate. Deferred income tax is provided using the asset and liability method of temporary differences at the reporting date between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes. The carrying amount of deferred income tax assets is reviewed at the end of each reporting period and recognized only to the extent that it is probable that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be utilized. Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realized or the liability is settled, based on tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period. Deferred income tax assets and deferred income tax liabilities are offset, only if a legally enforceable right exists to set off current tax assets against current income tax liabilities and the deferred income taxes relate to the same taxable entity and the same taxation authority. Flow-through shares Any premium received by the Company on the issuance of flow-through shares is initially recorded as a liability (“flow-through tax liability”). Upon renouncement by the Company of the tax benefits associated with the related expenditures, a flow-through share premium liability is recognized and the liability will be reversed as eligible expenditures are made. If such expenditures are capitalized, a deferred tax liability is recognized. To the extent that suitable deferred tax assets are available, the Company will reduce the deferred tax liability. Notes to the Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian dollars)
Share-based payments	(k) Share-based payments Where equity-settled share options are awarded to employees, the fair value of the options at the date of grant is recognized over the vesting period. Performance vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each reporting date so that, ultimately, the cumulative amount recognized over the vesting period is based on the number of options that eventually vest. Non-vesting conditions and market vesting conditions are factored into the fair value of the options granted. As long as all other vesting conditions are satisfied, a charge is made irrespective of whether these non-vesting and market vesting conditions are satisfied. The cumulative expense is not adjusted for failure to achieve a market vesting condition or where a non-vesting condition is not satisfied. Where the terms and conditions of options are modified, the increase in the fair value of the options, measured immediately before and after the modification, is also recognized over the remaining vesting period. Where equity instruments are granted to non-employees, they are recorded at the fair value of the goods or services received. Amounts related to the issuance of shares are recorded as a reduction of share capital. When the value of goods and services received in exchange for the share-based payment cannot be reliably estimated, the fair value is measured by use of a valuation model. The expected life used in the model is adjusted, based on management’s best estimate, for the effects of non-transferability, exercise restrictions, and behavioural considerations. All equity-settled share-based payments are reflected in share-based payments reserve, until exercised. Upon exercise shares are issued from treasury and the amount reflected in share-based payments reserve is credited to share capital along with any consideration paid.
Share capital	(l) Share capital The Company’s common shares, preferred shares and share warrants shares are classified as equity instruments. Incremental costs directly attributable to the issue of new shares or options are shown in equity as a deduction from the proceeds. Proceeds received on the issuance of units, consisting of common shares and warrants are allocated to share capital.
Flow-through shares	(m) Flow-through shares Resource expenditure deductions for income tax purposes related to exploratory activities funded by flow-through share arrangements are renounced to investors in accordance with income tax legislation. Pursuant to the terms of the flow-through share agreements, these shares transfer the tax deductibility of qualifying resource expenditures to investors. On issuance, the Company bifurcates the flow-through share into a flow-through share premium, equal to the estimated premium, if any, investors pay for the flow-through feature, which is recognized as a liability and share capital. Upon expenses being incurred, the Company derecognizes the liability and recognizes a deferred tax liability for the amount of tax reduction renounced to the shareholders. The premium is recognized as other income and the related deferred tax is recognized as a tax provision. Proceeds received from the issuance of flow-through shares are restricted to be used only for Canadian resource property exploration expenditures within a two-year period. The portion of the proceeds received but not yet expended at the end of the period is disclosed separately as flow- through share proceeds, if any. The Company may also be subject to a Part XII.6 tax on flow-through proceeds renounced under the look-back Rule, in accordance with Government of Canada flow-through regulations. When applicable, this tax is accrued as a financing expense until qualifying expenditures are incurred. Notes to the Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian dollars)
Equipment	(n) Equipment Equipment is stated at historical cost less accumulated depreciation and accumulated impairment losses. Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of a significant replaced part is derecognized. All other repairs and maintenance are charged to the consolidation statement of comprehensive loss during the financial period in which they are incurred. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognized in profit or loss. Depreciation and amortization are calculated on a straight-line method to charge the cost, less residual value, of the assets to their residual values over their estimated useful lives. The depreciation and amortization rate applicable to each category of equipment is as follows: SCHEDULE OF DEPRECIATION AND AMORTIZATION RATE Equipment Depreciation rate Exploration equipment 20% Computer software 50% Computer equipment 55%
Equity investment	(o) Equity investment Investments in entities over which the Company has a significant influence, but not control, are accounted for by the equity method, whereby the original cost of the investment is adjusted for the Company’s proportionate share of the investee’s income or loss. When the Company’s equity investee issues its own shares to outside interest, a dilution gain or loss arises as a result of the difference between the Company’s proportionate share of the proceeds and the carrying value of the underlying equity. When net accumulated losses from an equity accounted investment exceed its carrying amount, the investment balance is reduced to zero and additional losses are not provided for unless the Company is committed to provide financial support to the investee.
Accounting standards and amendments issued but not yet effective	(p) 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 consolidated 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 Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian dollars)

BASIS OF PREPARATION AND SIGN_3

BASIS OF PREPARATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2021
SCHEDULE OF DEPRECIATION AND AMORTIZATION RATE	SCHEDULE OF DEPRECIATION AND AMORTIZATION RATE Equipment Depreciation rate Exploration equipment 20% Computer software 50% Computer equipment 55%

RECEIVABLES AND OTHER CURRENT_2

RECEIVABLES AND OTHER CURRENT ASSETS (Tables)	12 Months Ended
	Dec. 31, 2021
Trade and other current receivables [abstract]
SCHEDULE OF RECEIVABLES AND OTHER CURRENT ASSETS	A summary of the receivables and other current assets as of December 31, 2021 and 2020 is detailed in the table below: (All amounts in table are expressed in thousands of Canadian dollars) SCHEDULE OF RECEIVABLES AND OTHER CURRENT ASSETS December 31, 2021 December 31, 2020 Sales taxes receivable 22 23 Prepaid expenses 53 36 Total receivables and other current assets 75 59

EQUIPMENT (Tables)

EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of detailed information about property, plant and equipment [abstract]
SUMMARY OF PROPERTY, PLANT AND EQUIPMENT	The table below sets out costs and accumulated depreciation as at December 31, 2021 and 2020: SUMMARY OF PROPERTY, PLANT AND EQUIPMENT Exploration Equipment Computer Equipment Computer Software Total Cost Balance – December 31, 2020 and 2021 67 15 136 218 Accumulated Amortization Balance – December 31, 2019 48 12 130 190 Amortization 4 1 2 7 Balance – December 31, 2020 52 13 132 197 Amortization 3 1 1 5 Balance – December 31, 2021 55 14 133 202 Carrying Amount As at December 31, 2020 15 2 4 21 As at December 31, 2021 12 1 3 16

EXPLORATION AND EVALUATION AS_2

EXPLORATION AND EVALUATION ASSETS (Tables)	12 Months Ended
	Dec. 31, 2021
Exploration And Evaluation Assets
SCHEDULE OF EXPLORATION AND EVALUATION ASSETS	SCHEDULE OF EXPLORATION AND EVALUATION ASSETS Post Creek Property Halcyon Property Quetico Claims Loveland Nickel (Enid Creek) Lingman Lake Section 35 Property Maniitsoq Property Total Canada US Greenland Post Creek Property Halcyon Property Quetico Claims Loveland Nickel (Enid Creek) Lingman Lake Section 35 Property Maniitsoq Property Total Acquisition Balance, December 31, 2019 298 230 42 83 14 11 42 720 Acquisition costs 10 8 - - - - 4 22 Administration 2 1 - - - - 9 12 Property maintenance 6 5 1 - - - 25 37 Drilling - - 5 167 - - 43 215 Geology 21 13 69 83 - - 56 242 Geophysics 2 - 28 72 - - 3 105 Helicopter charter aircraft - - - - - - 8 8 Infrastructure - - - - - - 13 13 Camp site cleanup - - - - - - 267 267 Impairment - - - (83 ) - - - (83 ) Evaluation assets, gross 31 19 103 (33 ) 13 - 411 531 Balance, December 31, 2020 308 238 42 - 14 11 46 659 Balance, December 31, 2020 308 238 42 - 14 11 46 659 Acquisition costs – cash 10 8 - - - - - 18 Impairment - - (37 ) - (14 ) - - (51 ) Balance, December 31, 2021 318 246 5 - - 11 46 626 Exploration Balance, December 31, 2019 1,498 233 39 33 13 (11 ) 36,108 37,913 Administration 2 1 - - - - 9 12 Property maintenance 6 5 1 - - - 25 37 Drilling - - 5 167 - - 43 215 Geology 21 13 69 83 - - 56 242 Geophysics 2 - 28 72 - - 3 105 Helicopter charter aircraft - - - - - - 8 8 Camp site cleanup - - - - - - 267 267 Impairment - - - (355 ) - - - (355 ) Evaluation assets, gross 31 19 103 (33 ) 13 - 411 531 Balance, December 31, 2020 1,529 252 142 - 13 - 36,519 38,445 Balance 1,529 252 142 - 13 - 36,519 38,445 Administration - - - - - - 7 7 Drilling - - - - - - 42 42 Geology 12 12 10 - - - 55 89 Geophysics - - 1 - - - - 1 Property maintenance 1 1 1 - - - 17 20 Infrastructure - - - - - - 13 13 Camp site cleanup - - - - - - (95 ) (95 ) Impairment - - (35 ) (13 ) (48 ) Evaluation assets, gross 13 13 (23 ) - - - 39 28 Balance, December 31, 2021 1,542 265 119 - - - 36,558 38,473 Total, December 31, 2020 1,837 490 184 - 27 - 36,565 39,103 Total, December 31, 2021 1,860 511 124 - - - 36,604 39,099 Balance 1,860 511 124 - - - 36,604 39,099

TRADE PAYABLES AND ACCRUED LI_2

TRADE PAYABLES AND ACCRUED LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2021
Trade and other current payables [abstract]
SUMMARY OF TRADE PAYABLES AND ACCRUED LIABILITIES	SUMMARY OF TRADE PAYABLES AND ACCRUED LIABILITIES December 31, 2021 December 31, 2020 Trade payables 401 290 Amounts due to related parties (Note 10) 33 28 Accrued liabilities 46 44 Trade payables and accrued liabilities 480 362

SHARE CAPITAL, WARRANTS AND O_2

SHARE CAPITAL, WARRANTS AND OPTIONS (Tables)	12 Months Ended
	Dec. 31, 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 years ended December 31, 2021, December 31, 2020 and December 31, 2019 is as follows: SCHEDULE OF NUMBER AND WEIGHTED AVERAGE EXERCISE PRICES OF WARRANTS December 31, 2021 December 31, 2020 December 31, 2019 Number Outstanding Weighted Average Exercise Price ($) Number Outstanding Weighted Average Exercise Price ($) Number Outstanding Weighted Average Exercise Price ($) Outstanding, beginning of year 25,715,742 0.11 15,651,397 0.96 25,797,283 1.20 Issued 4,419,620 0.35 21,731,011 0.09 3,984,731 0.25 Exercised (12,580,314 ) 0.13 - - - - Cancelled / expired (1,472,223 ) 0.25 (11,666,666 ) 1.20 (14,130,617 ) 1.20 Outstanding, end of year 16,082,825 0.15 25,715,742 0.11 15,651,397 0.96
SCHEDULE OF NUMBER AND WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE OF OUTSTANDING WARRANTS	At December 31, 2021, the Company had outstanding common share purchase warrants exercisable to acquire common shares of the Company as follows: SCHEDULE OF NUMBER AND WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE OF OUTSTANDING WARRANTS Warrants Outstanding Expiry Date Exercise Price ($) Weighted Average remaining contractual life (years) 10,871,817 1 August 13, 2022 0.09 0.41 1,204,638 1 August 31, 2022 0.09 0.05 4,006,370 April 16, 2023 0.35 0.33 16,082,825 0.79 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 The average share price at the dates the finders’ warrants were exercised was $ 0.34
SCHEDULE OF NUMBER AND WEIGHTED AVERAGE EXERCISE PRICES OF SHARE OPTIONS	A summary of option activity under the Plan during the years ended December 31, 2021, December 31, 2020 and December 31, 2019 is as follows: SCHEDULE OF NUMBER AND WEIGHTED AVERAGE EXERCISE PRICES OF SHARE OPTIONS December 31, 2021 December 31, 2020 December 31, 2019 Number Outstanding Weighted Average Exercise Price ($) Number Outstanding Weighted Average Exercise Price ($) Number Outstanding Weighted Average Exercise Price ($) Outstanding, beginning of year 7,978,725 0.17 2,130,550 1.51 2,594,550 1.80 Issued 8,178,972 0.37 7,850,000 0.15 - - Exercised (500,000 ) 0.22 - - - - Cancelled / expired (603,100 ) 0.31 (2,001,825 ) 1.51 (464,000 ) 4.23 Outstanding, end of year 15,054,597 0.27 7,978,725 0.17 2,130,550 1.51
SCHEDULE OF INPUTS TO OPTION PRICING MODEL	The fair value of stock options granted and vested during the years ended December 31, 2021, 2020 and 2019 was calculated using the following assumptions: SCHEDULE OF INPUTS TO OPTION PRICING MODEL December 31, 2021 December 31, 2020 December 31, 2019 Expected dividend yield 0 % 0 % Expected share price volatility 126.4 127.8 % 121.5 125 % - Risk free interest rate 0.93 1.34 % 0.39 1.21 % - Expected life of options 5 5 -
SCHEDULE OF NUMBER AND WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE OF OUTSTANDING SHARE OPTIONS	Details of options outstanding as at December 31, 2021 are as follows: SCHEDULE OF NUMBER AND WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE OF OUTSTANDING SHARE OPTIONS Options Outstanding Options Exercisable Expiry Date Exercise Price ($) 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 5,800,000 5,800,000 February 24, 2025 0.16 1.22 1,200,000 1,200,000 August 19, 2025 0.09 0.29 2,985,000 2,985,000 February 25, 2026 0.32 0.83 4,993,972 4,993,972 October 25, 2026 0.40 1.61 15,054,597 15,054,597 3.95 * Subsequently expired, unexercised. The average share price at the dates the options were exercised was $ 0.485

INVESTMENT IN PREMIUM NICKEL _2

INVESTMENT IN PREMIUM NICKEL RESOURCES INC (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of detailed information about investment property [abstract]
SCHEDULE OF INVESTMENT	Details of the Company’s investment at December 31, 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 (169 ) Total 321

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 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 7): (All amounts in table are expressed in thousands of Canadian dollars) SCHEDULE OF AMOUNTS DUE TO RELATED PARTIES, INCLUDED IN TRADE PAYABLES AND ACCRUED LIABILITIES December 31, 2021 December 31, 2020 Directors and officers of the Company 28 21 Related company 5 7 Total 33 28 These amounts are unsecured, non-interest bearing and have no fixed terms of repayment. Notes to the Consolidated Financial Statements For the year ended December 31, 2021 (Expressed in Canadian dollars) The following amount due from related party and advance represent as well as the 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) December 31, 2021 December 31, 2020 Due from related party 199 55 Advance - 50 Investment 321 48 Total 520 153
SCHEDULE OF KEY MANAGEMENT COMPENSATION	Key management compensation was: (All amounts in table are expressed in thousands of Canadian dollars) SCHEDULE OF KEY MANAGEMENT COMPENSATION December 31, 2021 December 31, 2020 December 31, 2019 Geological consulting fees – expensed - 5 136 Management fees – expensed 531 478 747 Salaries - expensed - 182 185 Share-based payments 2,314 756 - Total 2,845 1,421 1,068

SUPPLEMENTAL CASH FLOW INFORM_2

SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2021
Supplemental Cash Flow Information
SCHEDULE OF CHANGES IN WORKING CAPITAL	Changes in working capital for the year ended December 31, 2021 and 2020 are as follows: (All amounts in table are expressed in thousands of Canadian dollars) SCHEDULE OF CHANGES IN WORKING CAPITAL December 31, 2021 December 31, 2020 December 31, 2019 (Increase) decrease in due from related party (143 ) 102 (126 ) (Increase) decrease in prepaid expenses (17 ) 7 3 (Decrease) increase in trade payables and accrued liabilities (122 ) (155 ) 134 Total changes in working capital (282 ) (46 ) 11

RISK MANAGEMENT (Tables)

RISK MANAGEMENT (Tables)	12 Months Ended
	Dec. 31, 2021
SCHEDULE OF CONTRACTUAL OBLIGATIONS	The following table shows the Company’s contractual obligations as at December 31, 2021: (All amounts in table are expressed in thousands of Canadian dollars) SCHEDULE OF CONTRACTUAL OBLIGATIONS As at December 31, 2021 Less than 1 year 1 - 2 years 2 - 5 years Total Trade payables and accrued liabilities 480 - - 480 480 - - 480
SCHEDULE OF COMPONENTS OF EQUITY, LOANS AND BORROWINGS, AND OTHER CURRENT LIABILITIES	In the management of capital, the Company includes the components of equity, loans and borrowings, other current liabilities, net of cash. (All amounts in table are expressed in thousands of Canadian dollars) SCHEDULE OF COMPONENTS OF EQUITY, LOANS AND BORROWINGS, AND OTHER CURRENT LIABILITIES 2021 2020 2019 As at December 31, 2021 2020 2019 Equity 41,203 39,015 39,431 Current liabilities 480 629 608 Total liabilities and equity 41,683 39,644 40,039 Cash (1,973 ) (308 ) (1,098 ) Equity and liabilities, net of cash 39,710 39,336 38,941

SEGMENTED INFORMATION (Tables)

SEGMENTED INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of operating segments [abstract]
SCHEDULE OF GEOGRAPHIC SEGMENTS	SCHEDULE OF GEOGRAPHIC SEGMENTS December 31, 2021 December 31, 2020 Equipment Canada 4 6 Greenland 12 15 Total 16 21 December 31, 2021 December 31, 2020 Exploration and evaluation assets Canada 2,495 2,538 Greenland 36,604 36,565 Total 39,099 39,103

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2021
SCHEDULE OF RECONCILIATION OF EXPECTED INCOME TAX RECOVERY TO ACTUAL INCOME TAX RECOVERY	A reconciliation of the expected income tax recovery to the actual income tax recovery is as follows: (All amounts in tables are expressed in thousands of Canadian dollars) SCHEDULE OF RECONCILIATION OF EXPECTED INCOME TAX RECOVERY TO ACTUAL INCOME TAX RECOVERY Year ended December 31, 2021 Year ended December 31, 2020 Net loss $ (3,996 ) $ (2,741 ) Statutory tax rate 27 % 27 % Expected income tax recovery at the statutory tax rate (1,079 ) (740 ) Permanent differences and other 479 222 Change in valuation allowance 600 518 Net deferred income tax recovery $ - $ -
SCHEDULE OF SIGNIFICANT COMPONENTS OF DEFERRED INCOME TAX ASSETS AND LIABILITIES	The significant components of the Company’s deferred income tax assets and liabilities are as follows: SCHEDULE OF SIGNIFICANT COMPONENTS OF DEFERRED INCOME TAX ASSETS AND LIABILITIES Year ended December 31, 2021 Year ended December 31, 2020 Exploration and evaluation assets $ 7,209 $ 7,198 Loss carry-forwards 5,351 4,878 Share issuance costs 84 175 Cumulative eligible capital - 34 Investment 81 35 Equipment 273 102 13,022 12,422 Valuation allowance (13,022 ) (12,422 ) Net deferred tax asset $ - $ -
SCHEDULE OF TAX POOLS RELATING TO DEDUCTIBLE TEMPORARY DIFFERENCES AND THEIR EXPIRATIONS	The tax pools relating to these deductible temporary differences expire as follows: SCHEDULE OF TAX POOLS RELATING TO DEDUCTIBLE TEMPORARY DIFFERENCES AND THEIR EXPIRATIONS Canadian Canadian Canadian resource pools Canadian share issue costs 2022 $ - $ - $ - $ 227 2023 - - - 112 2024 - - - 43 2030 696 - - 18 2031 517 - - - 2032 645 - - - 2033 847 - - - 2034 1,484 - - - 2035 2,141 - - - 2036 2,213 - - - 2037 2,637 - - - 2038 2,656 - - - 2039 2,583 - - - 2040 1,682 - - - 2041 1,503 - - - No expiry - 58 65,799 - $ 19,604 $ 58 $ 65,799 400

GENERAL AND ADMINISTRATIVE EX_2

GENERAL AND ADMINISTRATIVE EXPENSES (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2021 December 31, 2020 December 31, 2019 Consulting fees 327 194 286 Filing fees 51 43 94 General office expenses 105 74 220 Investor relations 149 54 32 Management fees 433 467 745 Professional fees 94 158 182 Salaries and benefits - 248 586 Total 1,159 1,238 2,145

SCHEDULE OF DEPRECIATION AND AM

SCHEDULE OF DEPRECIATION AND AMORTIZATION RATE (Details)	12 Months Ended
	Dec. 31, 2021
Tangible exploration and evaluation assets [member]
IfrsStatementLineItems [Line Items]
Depreciation and amortization rate	20.00%
Computer software [member]
IfrsStatementLineItems [Line Items]
Depreciation and amortization rate	50.00%
Computer equipment [member]
IfrsStatementLineItems [Line Items]
Depreciation and amortization rate	55.00%

CRITICAL ACCOUNTING JUDGMENTS_2

CRITICAL ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS (Details Narrative) - CAD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Recoverability of exploration and evaluation assets	$ 39,099,000
Restoration obligations	$ 94,606	$ 267,000
Private investee [member]
IfrsStatementLineItems [Line Items]
Percentage of equity investment	10.00%
Quetico Claims [Member]
IfrsStatementLineItems [Line Items]
Write-off exploration and evaluation assets	$ 71,466
Lingman Lake Property [Member]
IfrsStatementLineItems [Line Items]
Write-off exploration and evaluation assets	27,657
Loveland (Enid Creek) Property [Member]
IfrsStatementLineItems [Line Items]
Write-off exploration and evaluation assets		437,897
Greenland Exploration [Member]
IfrsStatementLineItems [Line Items]
Restoration obligations		$ 267,000

SCHEDULE OF RECEIVABLES AND OTH

SCHEDULE OF RECEIVABLES AND OTHER CURRENT ASSETS (Details) - CAD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Trade and other current receivables [abstract]
Sales taxes receivable	$ 22	$ 23
Prepaid expenses	53	36
Total receivables and other current assets	$ 75	$ 59

SUMMARY OF PROPERTY, PLANT AND

SUMMARY OF PROPERTY, PLANT AND EQUIPMENT (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Property, plant and equipment at beginning of period	$ 21
Property, plant and equipment at end of period	16	$ 21
Exploration Equipment [Member]
IfrsStatementLineItems [Line Items]
Property, plant and equipment at beginning of period	15
Property, plant and equipment at end of period	12	15
Computer equipment [member]
IfrsStatementLineItems [Line Items]
Property, plant and equipment at beginning of period	2
Property, plant and equipment at end of period	1	2
Computer software [member]
IfrsStatementLineItems [Line Items]
Property, plant and equipment at beginning of period	4
Property, plant and equipment at end of period	3	4
Gross carrying amount [member]
IfrsStatementLineItems [Line Items]
Property, plant and equipment at beginning of period	218	218
Property, plant and equipment at end of period		218
Gross carrying amount [member] | Exploration Equipment [Member]
IfrsStatementLineItems [Line Items]
Property, plant and equipment at beginning of period	67	67
Property, plant and equipment at end of period		67
Gross carrying amount [member] | Computer equipment [member]
IfrsStatementLineItems [Line Items]
Property, plant and equipment at beginning of period	15	15
Property, plant and equipment at end of period		15
Gross carrying amount [member] | Computer software [member]
IfrsStatementLineItems [Line Items]
Property, plant and equipment at beginning of period	136	136
Property, plant and equipment at end of period		136
Accumulated depreciation and amortisation [member]
IfrsStatementLineItems [Line Items]
Property, plant and equipment at beginning of period	197	190
Amortization	5	7
Property, plant and equipment at end of period	202	197
Accumulated depreciation and amortisation [member] | Exploration Equipment [Member]
IfrsStatementLineItems [Line Items]
Property, plant and equipment at beginning of period	52	48
Amortization	3	4
Property, plant and equipment at end of period	55	52
Accumulated depreciation and amortisation [member] | Computer equipment [member]
IfrsStatementLineItems [Line Items]
Property, plant and equipment at beginning of period	13	12
Amortization	1	1
Property, plant and equipment at end of period	14	13
Accumulated depreciation and amortisation [member] | Computer software [member]
IfrsStatementLineItems [Line Items]
Property, plant and equipment at beginning of period	132	130
Amortization	1	2
Property, plant and equipment at end of period	$ 133	$ 132

SCHEDULE OF EXPLORATION AND EVA

SCHEDULE OF EXPLORATION AND EVALUATION ASSETS (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Balance	$ 39,103
Balance	39,099	$ 39,103
Post Creek Property [Member] | CANADA
IfrsStatementLineItems [Line Items]
Balance	1,837
Balance	1,860	1,837
Halcyon Property [Member] | CANADA
IfrsStatementLineItems [Line Items]
Balance	490
Balance	511	490
Quetico Claims [Member] | CANADA
IfrsStatementLineItems [Line Items]
Balance	184
Balance	124	184
Loveland (Enid Creek) Property [Member] | CANADA
IfrsStatementLineItems [Line Items]
Balance
Balance
Lingman Lake [Member] | CANADA
IfrsStatementLineItems [Line Items]
Balance	27
Balance		27
Section 35 Property [Member] | UNITED STATES
IfrsStatementLineItems [Line Items]
Balance
Balance
Maniitsoq Property [Member] | GREENLAND
IfrsStatementLineItems [Line Items]
Balance	36,565
Balance	36,604	36,565
Exploration and evaluation assets arising from acquisition [member]
IfrsStatementLineItems [Line Items]
Balance	659	720
Acquisition costs – cash	18	22
Impairment	(51)	(83)
Balance	626	659
Exploration and evaluation assets arising from acquisition [member] | Post Creek Property [Member] | CANADA
IfrsStatementLineItems [Line Items]
Balance	308	298
Acquisition costs – cash	10	10
Impairment
Balance	318	308
Exploration and evaluation assets arising from acquisition [member] | Halcyon Property [Member] | CANADA
IfrsStatementLineItems [Line Items]
Balance	238	230
Acquisition costs – cash	8	8
Impairment
Balance	246	238
Exploration and evaluation assets arising from acquisition [member] | Quetico Claims [Member] | CANADA
IfrsStatementLineItems [Line Items]
Balance	42	42
Acquisition costs – cash
Impairment	(37)
Balance	5	42
Exploration and evaluation assets arising from acquisition [member] | Loveland (Enid Creek) Property [Member] | CANADA
IfrsStatementLineItems [Line Items]
Balance		83
Acquisition costs – cash
Impairment		(83)
Balance
Exploration and evaluation assets arising from acquisition [member] | Lingman Lake [Member] | CANADA
IfrsStatementLineItems [Line Items]
Balance	14	14
Acquisition costs – cash
Impairment	(14)
Balance		14
Exploration and evaluation assets arising from acquisition [member] | Section 35 Property [Member] | UNITED STATES
IfrsStatementLineItems [Line Items]
Balance	11	11
Acquisition costs – cash
Impairment
Balance	11	11
Exploration and evaluation assets arising from acquisition [member] | Maniitsoq Property [Member] | GREENLAND
IfrsStatementLineItems [Line Items]
Balance	46	42
Acquisition costs – cash		4
Impairment
Balance	46	46
Exploration and evaluation assets arising from exploration [Member]
IfrsStatementLineItems [Line Items]
Balance	38,445	37,913
Administration	7	12
Property maintenance	20	37
Drilling	42	215
Geology	89	242
Geophysics	1	105
Helicopter charter aircraft		8
Infrastructure	13
Camp site cleanup	(95)	267
Impairment	(48)	(355)
Evaluation assets, gross	28	531
Balance	38,473	38,445
Exploration and evaluation assets arising from exploration [Member] | Post Creek Property [Member] | CANADA
IfrsStatementLineItems [Line Items]
Balance	1,529	1,498
Administration		2
Property maintenance	1	6
Drilling
Geology	12	21
Geophysics		2
Helicopter charter aircraft
Infrastructure
Camp site cleanup
Impairment
Evaluation assets, gross	13	31
Balance	1,542	1,529
Exploration and evaluation assets arising from exploration [Member] | Halcyon Property [Member] | CANADA
IfrsStatementLineItems [Line Items]
Balance	252	233
Administration		1
Property maintenance	1	5
Drilling
Geology	12	13
Geophysics
Helicopter charter aircraft
Infrastructure
Camp site cleanup
Impairment
Evaluation assets, gross	13	19
Balance	265	252
Exploration and evaluation assets arising from exploration [Member] | Quetico Claims [Member] | CANADA
IfrsStatementLineItems [Line Items]
Balance	142	39
Administration
Property maintenance	1	1
Drilling		5
Geology	10	69
Geophysics	1	28
Helicopter charter aircraft
Infrastructure
Camp site cleanup
Impairment	(35)
Evaluation assets, gross	(23)	103
Balance	119	142
Exploration and evaluation assets arising from exploration [Member] | Loveland (Enid Creek) Property [Member] | CANADA
IfrsStatementLineItems [Line Items]
Balance		33
Administration
Property maintenance
Drilling		167
Geology		83
Geophysics		72
Helicopter charter aircraft
Infrastructure
Camp site cleanup
Impairment		(355)
Evaluation assets, gross		(33)
Balance
Exploration and evaluation assets arising from exploration [Member] | Lingman Lake [Member] | CANADA
IfrsStatementLineItems [Line Items]
Balance	13	13
Administration
Property maintenance
Drilling
Geology
Geophysics
Helicopter charter aircraft
Infrastructure
Camp site cleanup
Impairment	(13)
Evaluation assets, gross		13
Balance		13
Exploration and evaluation assets arising from exploration [Member] | Section 35 Property [Member] | UNITED STATES
IfrsStatementLineItems [Line Items]
Balance		(11)
Administration
Property maintenance
Drilling
Geology
Geophysics
Helicopter charter aircraft
Infrastructure
Camp site cleanup
Impairment
Evaluation assets, gross
Balance
Exploration and evaluation assets arising from exploration [Member] | Maniitsoq Property [Member] | GREENLAND
IfrsStatementLineItems [Line Items]
Balance	36,519	36,108
Administration	7	9
Property maintenance	17	25
Drilling	42	43
Geology	55	56
Geophysics		3
Helicopter charter aircraft		8
Infrastructure	13
Camp site cleanup	(95)	267
Impairment
Evaluation assets, gross	39	411
Balance	$ 36,558	$ 36,519

EXPLORATION AND EVALUATION AS_3

EXPLORATION AND EVALUATION ASSETS (Details Narrative)

Feb. 18, 2020CAD ($)

Feb. 18, 2020DKK (kr)

Dec. 09, 2019CAD ($)shares

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)

Dec. 31, 2021CAD ($)shares

Dec. 31, 2021DKK (kr)shares

Dec. 31, 2020USD ($)

Dec. 31, 2020CAD ($)

Dec. 31, 2019CAD ($)

Dec. 31, 2016CAD ($)

Dec. 31, 2016DKK (kr)

Dec. 31, 2015CAD ($)

Dec. 31, 2015DKK (kr)

Jun. 04, 2021CAD ($)

IfrsStatementLineItems [Line Items]

Total expenditure

$ 61,783

Acquisition and exploration related cost

$ 122,000

$ 635,000

$ 780,000

Restoration obligations

94,606

267,000

Post Creek Property [Member]

IfrsStatementLineItems [Line Items]

Advances payable annually on net smelter return royalties

$ 10,000

Payments made in advance

10,000

10,000

Exploration and license related expenditures

22,732

41,004

Halcyon Property [Member]

IfrsStatementLineItems [Line Items]

Advances payable annually on net smelter return royalties

$ 8,000

Payments made in advance

8,000

8,000

Exploration and license related expenditures

20,732

27,317

Quetico Property [Member]

IfrsStatementLineItems [Line Items]

Exploration and license related expenditures

11,668

$ 102,715

Exploration claim description

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

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

Impaired amount for exploration and evaluation assets

71,466

Recoverable amount for exploration and evaluation assets

$ 124,348

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

IfrsStatementLineItems [Line Items]

Total annual work requirement cost

$ 324,000

Loveland (Enid Creek) Property [Member]

IfrsStatementLineItems [Line Items]

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

300,000

300,000

300,000

Payment to acquire property

$ 25,000

Common shares fair value

$ 51,000

51,000

Acquisition and exploration related cost

4,500,000

437,897

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

IfrsStatementLineItems [Line Items]

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

1.00%

Lingman Lake Property [Member]

IfrsStatementLineItems [Line Items]

Acquisition and exploration related cost

0

0

[custom:PurchaseOfExplorationAndEvaluationsAssetsImpaired]

27,657

Section 35 Property [Member]

IfrsStatementLineItems [Line Items]

Cumulative exploration related costs

11,393

Refund exploration related costs

$ 10,000

13,016

Maniitsoq Property [Member]

IfrsStatementLineItems [Line Items]

Exploration and license related expenditures

$ 133,772

Percentage of net smelter return royalties

2.50%

2.50%

Percentage of net smelter return royalties after reduction

1.00%

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

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.

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 after year 13

3 years

3 years

Period of additional license application for years 11-13

3 years

3 years

Restoration obligations

267,000

Reversal of excess provision

$ 94,606

Sulussugut License [Member]

IfrsStatementLineItems [Line Items]

Exploration and license related expenditures

104,538

$ 117,756

License period description

The credits available from each year may be carried forward for 3 years plus a 2-year extension and expire between December 31, 2022 to December 2024

The credits available from each year may be carried forward for 3 years plus a 2-year extension and expire between December 31, 2022 to December 2024

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

$ 56,367,505

$ 26,115,831

Amount of License Carried Credits

57,026,697

kr 285,866,733

Approved Exploration Expenditures

384,236

kr 1,921,180

Cleanup provision recovery

54,556

Ininngui License [Member]

IfrsStatementLineItems [Line Items]

Exploration and license related expenditures

$ 21,755

19,424

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, 2021, the Company received a license extension, which provides for a renewal period until December 31, 2023

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, 2021, the Company received a license extension, which provides for a renewal period until December 31, 2023

The credits available from each year may be carried forward for 3 years plus a 2-year extension and expire between December 31, 2022 to December 2024

The credits available from each year may be carried forward for 3 years plus a 2-year extension and expire between December 31, 2022 to December 2024

License fee paid

$ 5,755

kr 32,200

Exploration cost

$ 5,221,333

Amount of License Carried Credits

6,087,393

kr 30,515,237

Cleanup provision recovery

$ 26,700

Increase through Environment, Health and Safety Expenses, Exploration and Evaluation Assets

IfrsStatementLineItems [Line Items]

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, 2021, the Company has not used the procedure for the license

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, 2021, the Company has not used the procedure for the license

Percentage of difference between minimum exploration expenditures and actual spend on exploration costs payable in cash

50.00%

50.00%

Carbonatite License [Member]

IfrsStatementLineItems [Line Items]

Exploration and license related expenditures

$ 7,083

6,527

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, 2021, the Company received a license extension, which provides for renewal period until 2024

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, 2021, the Company received a license extension, which provides for renewal period until 2024

The credit available from each year may be carried forward 3 years plus a 1-year extension and expire between December 31, 2023 to December 2024

The credit available from each year may be carried forward 3 years plus a 1-year extension and expire between December 31, 2023 to December 2024

License fee paid

$ 6,523

kr 31,000

Exploration cost

$ 1,511,400

Amount of License Carried Credits

2,110,012

kr 10,577,191

Cleanup provision recovery

13,350

West Greenland Prospecting License [Member]

IfrsStatementLineItems [Line Items]

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

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

Exploration related cost

$ 396

SUMMARY OF TRADE PAYABLES AND A

SUMMARY OF TRADE PAYABLES AND ACCRUED LIABILITIES (Details) - CAD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Trade and other current payables [abstract]
Trade payables	$ 401	$ 290
Amounts due to related parties (Note 10)	33	28
Accrued liabilities	46	44
Trade payables and accrued liabilities	$ 480	$ 362

TRADE PAYABLES AND ACCRUED LI_3

TRADE PAYABLES AND ACCRUED LIABILITIES (Details Narrative) - CAD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Trade and other current payables [abstract]
Property investigation expense	$ 26,652	$ 31,630

SCHEDULE OF NUMBER AND WEIGHTED

SCHEDULE OF NUMBER AND WEIGHTED AVERAGE EXERCISE PRICES OF WARRANTS (Details)	12 Months Ended
	Dec. 31, 2021shares$ / shares	Dec. 31, 2020shares$ / shares	Dec. 31, 2019shares$ / shares
Reserve Quantities [Line Items]
Outstanding at beginning of year	16,082,825
Post-consolidation Basis [Member]
Reserve Quantities [Line Items]
Outstanding at beginning of year	25,715,742	15,651,397	25,797,283
Weighted Average Exercise Price, Outstanding at beginning of year | $ / shares	$ 0.11	$ 0.96	$ 1.20
Outstanding at beginning of year	4,419,620	21,731,011	3,984,731
Weighted Average Exercise Price, Outstanding at beginning of year | $ / shares	$ 0.35	$ 0.09	$ 0.25
Outstanding at beginning of year	(12,580,314)
Weighted Average Exercise Price, Outstanding at beginning of year | $ / shares	$ 0.13
Outstanding at beginning of year	(1,472,223)	(11,666,666)	(14,130,617)
Weighted Average Exercise Price, Outstanding at beginning of year | $ / shares	$ 0.25	$ 1.20	$ 1.20
Outstanding at beginning of year	16,082,825	25,715,742	15,651,397
Weighted Average Exercise Price, Outstanding at beginning of year | $ / shares	$ 0.15	$ 0.11	$ 0.96

SCHEDULE OF NUMBER AND WEIGHT_2

SCHEDULE OF NUMBER AND WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE OF OUTSTANDING WARRANTS (Details)	12 Months Ended
	Dec. 31, 2021shares$ / shares
IfrsStatementLineItems [Line Items]
Warrants outstanding | shares	16,082,825
Exercise price | $ / shares	$ 9
Weighted average remaining contractual life (years)	9 months 14 days
Warrants Expiring August 13, 2022 [Member]
IfrsStatementLineItems [Line Items]
Warrants outstanding | shares	10,871,817	[1]
Exercise price | $ / shares	$ 0.09
Weighted average remaining contractual life (years)	4 months 28 days
Warrants Expiring August 31, 2022 [Member]
IfrsStatementLineItems [Line Items]
Warrants outstanding | shares	1,204,638	[1]
Exercise price | $ / shares	$ 0.09
Weighted average remaining contractual life (years)	18 days
Warrants Expiring April 16, 2023 [Member]
IfrsStatementLineItems [Line Items]
Warrants outstanding | shares	4,006,370
Exercise price | $ / shares	$ 0.35
Weighted average remaining contractual life (years)	3 months 29 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 REMAINING CONTRACTUAL LIFE OF OUTSTANDING WARRANTS (Details) (Parenthetical)	12 Months Ended
	Dec. 31, 2021$ / shares
IfrsStatementLineItems [Line Items]
Exercise price of warrant	$ 9
Warrants [Member]
IfrsStatementLineItems [Line Items]
Exercise price of warrant	$ 0.12
Trading days	10 days

SCHEDULE OF NUMBER AND WEIGHT_4

SCHEDULE OF NUMBER AND WEIGHTED AVERAGE EXERCISE PRICES OF SHARE OPTIONS (Details)	12 Months Ended
	Dec. 31, 2021shares$ / shares	Dec. 31, 2020shares$ / shares	Dec. 31, 2019shares$ / shares
Post-consolidation Basis [Member]
IfrsStatementLineItems [Line Items]
Outstanding, beginning of year	15,054,597
Stock Option Plan [Member]
IfrsStatementLineItems [Line Items]
Outstanding, beginning of year	8,178,972	7,850,000
Stock Option Plan [Member] | Post-consolidation Basis [Member]
IfrsStatementLineItems [Line Items]
Outstanding, beginning of year	7,978,725	2,130,550	2,594,550
Weighted Average Exercise Price, Outstanding at beginning of year | $ / shares	$ 0.17	$ 1.51	$ 1.80
Outstanding, beginning of year	8,178,972	7,850,000
Weighted Average Exercise Price, Outstanding at beginning of year | $ / shares	$ 0.37	$ 0.15
Outstanding, beginning of year	(500,000)
Weighted Average Exercise Price, Outstanding at beginning of year | $ / shares	$ 0.22
Outstanding, beginning of year	(603,100)	(2,001,825)	(464,000)
Weighted Average Exercise Price, Outstanding at beginning of year | $ / shares	$ 0.31	$ 1.51	$ 4.23
Outstanding, beginning of year	15,054,597	7,978,725	2,130,550
Weighted Average Exercise Price, Outstanding at beginning of year | $ / shares	$ 0.27	$ 0.17	$ 1.51

SCHEDULE OF INPUTS TO OPTION PR

SCHEDULE OF INPUTS TO OPTION PRICING MODEL (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
IfrsStatementLineItems [Line Items]
Expected dividend yield	0.00%	0.00%
Expected share price volatility
Risk free interest rate
Expected life of options	5 years	5 years
Bottom of range [member]
IfrsStatementLineItems [Line Items]
Expected share price volatility	126.40%	121.50%
Risk free interest rate	0.93%	0.39%
Top of range [member]
IfrsStatementLineItems [Line Items]
Expected share price volatility	127.80%	125.00%
Risk free interest rate	1.34%	1.21%

SCHEDULE OF NUMBER AND WEIGHT_5

SCHEDULE OF NUMBER AND WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE OF OUTSTANDING SHARE OPTIONS (Details) - Post-consolidation Basis [Member]	12 Months Ended
	Dec. 31, 2021shares$ / shares
IfrsStatementLineItems [Line Items]
Options outstanding	15,054,597
Options exercisable	15,054,597
Weighted average remaining contractual life (years)	3 years 11 months 12 days
Options Expiring February 21, 2022 [Member]
IfrsStatementLineItems [Line Items]
Options outstanding	40,625	[1]
Options exercisable	40,625	[1]
Exercise price | $ / shares	$ 1.20	[1]
Weighted average remaining contractual life (years)	0 years	[1]
Options Expiring February 28, 2023 [Member]
IfrsStatementLineItems [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]
IfrsStatementLineItems [Line Items]
Options outstanding	5,800,000
Options exercisable	5,800,000
Exercise price | $ / shares	$ 0.16
Weighted average remaining contractual life (years)	1 year 2 months 19 days
Options Expiring August 19, 2025 [Member]
IfrsStatementLineItems [Line Items]
Options outstanding	1,200,000
Options exercisable	1,200,000
Exercise price | $ / shares	$ 0.09
Weighted average remaining contractual life (years)	3 months 14 days
Options Expiring February 25, 2026 [Member]
IfrsStatementLineItems [Line Items]
Options outstanding	2,985,000
Options exercisable	2,985,000
Exercise price | $ / shares	$ 0.32
Weighted average remaining contractual life (years)	9 months 29 days
Options Expiring October 25, 2026 [Member]
IfrsStatementLineItems [Line Items]
Options outstanding	4,993,972
Options exercisable	4,993,972
Exercise price | $ / shares	$ 0.40
Weighted average remaining contractual life (years)	1 year 7 months 9 days
[1]	Subsequently expired, unexercised.

SHARE CAPITAL, WARRANTS AND O_3

SHARE CAPITAL, WARRANTS AND OPTIONS (Details Narrative)	Aug. 31, 2021	Apr. 20, 2021CAD ($)$ / sharesshares	Dec. 18, 2020	Aug. 31, 2020CAD ($)$ / sharesshares	Aug. 13, 2020CAD ($)$ / sharesshares	Dec. 18, 2019CAD ($)$ / sharesshares	Dec. 18, 2019CAD ($)$ / sharesshares	Dec. 09, 2019CAD ($)shares	Sep. 25, 2019shares	Dec. 31, 2021CAD ($)shares$ / shares	Dec. 31, 2020CAD ($)shares$ / shares	Dec. 31, 2019CAD ($)shares	Dec. 31, 2018shares
IfrsStatementLineItems [Line Items]
Share capital issued through exercise of warrants										$ 13,080,314
Proceeds from exercise of warrants and options										1,753,000
Proceeds from exercise of warrants										12,580,314
Proceeds from exercise of options										112,000
Exercised options										$ 500,000
Exercised warrants											$ 0
Issuance of private placement units | shares		8,290,665
Par value per share | $ / shares		$ 0.24
Proceeds from private placements		$ 1,989,760
Expected life	2 years					2 years
Expected dividend as percentage, share options granted										0.00%	0.00%
Risk free interest rate, share options granted
Expected volatility, share options granted
Flow-through share premium												$ 89,000
Issued capital										$ 93,451,000	$ 89,627,000
Tangible exploration and evaluation assets										$ 39,099,000	39,103,000
Exercise price of warrant | $ / shares										$ 9
Warrant exercisable price per share | $ / shares										0.34
Stock options exercisable price per share | $ / shares										$ 0.485
Share based payment expense										$ 2,531,000	969,000
Increase (Decrease) through Expiry of Options and Warrants, Equity										203,865	3,782,706	3,860,656
Share capital for exercised warrants options										666,478
Share-based payments										$ 2,530,706	$ 969,391	$ 0
Stock Option Plan [Member]
IfrsStatementLineItems [Line Items]
Period of options granted										5 years	5 years
Number of stock option granted | shares										8,178,972	7,850,000
Share based payment expense										$ 2,530,706	$ 969,391
Weighted average fair value of options granted | $ / shares										$ 0.31
Stock Option Plan [Member] | Options One [Member]
IfrsStatementLineItems [Line Items]
Number of stock option exercised | shares										3,185,000	6,650,000
Stock options exercisable price per share | $ / shares										$ 0.32	$ 0.16
Stock Option Plan [Member] | Options Two [Member]
IfrsStatementLineItems [Line Items]
Number of stock option exercised | shares										4,993,972	1,200,000
Stock options exercisable price per share | $ / shares										$ 0.40	$ 0.09
Incentive Stock Options [Member]
IfrsStatementLineItems [Line Items]
Number of stock option granted | shares												0
Top of range [member]
IfrsStatementLineItems [Line Items]
Risk free interest rate, share options granted										1.34%	1.21%
Expected volatility, share options granted										127.80%	125.00%
Percentage of beneficially owns, issued and outstanding										10.00%
Period of options granted										10 years
Loveland (Enid Creek) Property [Member]
IfrsStatementLineItems [Line Items]
Common shares issued | shares								300,000	300,000	300,000
Common shares at fair value								$ 51,000		$ 51,000
Warrants [Member]
IfrsStatementLineItems [Line Items]
Warrants 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 warrant will entitle the holder to acquire one common share of the Company at an exercise price of $0.25 for a period of 24 months from its date of issuance. All Securities issued pursuant to this offering were subject to a hold period which expired on April 19, 2020.
Exercise price of warrant | $ / shares										$ 0.12
Agent's Warrants [Member]
IfrsStatementLineItems [Line Items]
Fair value of warrants issued						$ 298,099	$ 298,099
Private Placements [Member]
IfrsStatementLineItems [Line Items]
Fair value of warrants issued										$ 464,493
Agents [Member]
IfrsStatementLineItems [Line Items]
Fair value of warrants issued										$ 30,735
Non Brokered Private Placement [Member]
IfrsStatementLineItems [Line Items]
Fair value of warrants issued						265,217	265,217				$ 716,055
Expected life										1 year 6 months
Expected dividend as percentage, share options granted										0.00%
Risk free interest rate, share options granted										0.29%
Expected volatility, share options granted										132.00%
Payments for share issue costs				$ 124,222		343,639
Finder's fee paid in common share purchase warrant | shares				588,154
Flow-through share premium							88,987
Issued capital						$ 311,453	311,453
Tangible exploration and evaluation assets											400,440	$ 0
Flow through liability redused											$ 0
Non Brokered Private Placement [Member] | Warrants [Member]
IfrsStatementLineItems [Line Items]
Expected volatility, share options granted						147.26%				158.00%	158.53%
Non Brokered Private Placement [Member] | Agent's Warrants [Member]
IfrsStatementLineItems [Line Items]
Fair value of warrants issued						$ 21,445	$ 21,445				$ 18,547
Non Brokered Private Placement [Member] | First Tranche [Member]
IfrsStatementLineItems [Line Items]
Number of units issued | shares					15,481,077	7,373,265	7,373,265
Price of unit issued | $ / shares					$ 0.07	$ 0.18	$ 0.18
Total gross proceeds					$ 1,083,675	$ 1,727,628
Flow-through common shares | shares						2,224,666	2,224,666
Non Brokered Private Placement [Member] | Second And Final Tranche [Member]
IfrsStatementLineItems [Line Items]
Number of units issued | shares				5,661,780
Price of unit issued | $ / shares				$ 0.07
Total gross proceeds				$ 396,325
Ordinary shares [member]
IfrsStatementLineItems [Line Items]
Proceeds from exercise of warrants and options										$ 1,641,675
Number of shares issued | shares										131,204,627	109,833,648
Preferred shares outstanding | shares										131,204,627	109,833,648	88,690,791	78,792,860
Flow-through share premium												$ 89,000
Warrants [Member]
IfrsStatementLineItems [Line Items]
Warrants description		Each unit consists of one common share in the capital of the Company and one half transferable common share purchase warrant (“Warrant”) of the Company. 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.
Finder Warrants [Member]
IfrsStatementLineItems [Line Items]
Warrants description		the Company has paid eligible finders (the “Finders”): (i) cash commission equal to % of the gross proceeds raised from subscribers introduced to the Company by such Finders, being an aggregate of $65,830, and (ii) a number of common share purchase warrants (the “Finder Warrants”) equal to 6% of the units attributable to the Finders under the private placement, being an aggregate of 274,289 Finder Warrants. Each Finder Warrant entitles the Finder to acquire one common share of the Company for a period of twenty-four (24) months following its issuance date, at an exercise price of $0.35
Series 1 Convertible Preferred Shares [Member]
IfrsStatementLineItems [Line Items]
Authorized capital | shares										100,000,000
Ordinary shares [member] | Non Brokered Private Placement [Member] | Warrants [Member]
IfrsStatementLineItems [Line Items]
Expected dividend as percentage, share options granted			0.00%			0.00%
Risk free interest rate, share options granted						1.73%
Ordinary shares [member] | Non Brokered Private Placement [Member] | Warrants [Member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Risk free interest rate, share options granted											0.28%
Ordinary shares [member] | Non Brokered Private Placement [Member] | Warrants [Member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Risk free interest rate, share options granted											0.31%
Series 1 Preferred Shares [Member]
IfrsStatementLineItems [Line Items]
Preferred shares outstanding | shares										590,931	590,931	590,931

SCHEDULE OF INVESTMENT (Details

SCHEDULE OF INVESTMENT (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021CAD ($)
Disclosure of detailed information about investment property [abstract]
Balance, December 31, 2020	$ 48
Reallocation of advance	50
Investment	392
Share of loss of Premium Nickel	(169)
Total	$ 321

INVESTMENT IN PREMIUM NICKEL _3

INVESTMENT IN PREMIUM NICKEL RESOURCES INC (Details Narrative) - CAD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Apr. 23, 2022	Feb. 17, 2022	Apr. 20, 2021
IfrsStatementLineItems [Line Items]
Par value per share						$ 0.24
Assets	$ 41,683,000	$ 39,644,000
Profit (loss)	(3,996,000)	(2,741,000)	$ (28,859,000)
Professional fees expense	94,000	158,000	182,000
Administrative expenses	105,000	74,000	$ 220,000
Amounts receivable, related party transactions	$ 199,000	$ 55,000
Premium Nickel Resources [Member]
IfrsStatementLineItems [Line Items]
Percentage of voting equity interests acquired	10.00%
Premium Nickel Resources [Member] | Non-adjusting Events After Reporting Period [Member]
IfrsStatementLineItems [Line Items]
Investments accounted for using equity method				$ 199,145
Percentage of voting equity interests acquired					9.80%
Memorandum of Understanding [Member] | Premium Nickel Resources [Member]
IfrsStatementLineItems [Line Items]
Number of units subscribed	2,400,000
Par value per share	$ 0.01
Investments accounted for using equity method	$ 24,000
Investment description	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
Assets	$ 4,770,937
Profit (loss)	1,688,310
Memorandum of Understanding [Member] | Premium Nickel Resources [Member] | Common Shares [Member]
IfrsStatementLineItems [Line Items]
Number of units subscribed		4,657,711
Investments accounted for using equity method	441,446	$ 154,164
Proportion of ownership interest in subsidiary		11.01%
Service Agreement [Member] | Premium Nickel Resources [Member]
IfrsStatementLineItems [Line Items]
Investments accounted for using equity method	$ 2,225,589	$ 701,305
Investment description	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.
Professional fees expense	$ 2,370,444	647,164
Administrative expenses	42,315	8,495
Amounts receivable, related party transactions	$ 199,145	$ 54,619

SCHEDULE OF AMOUNTS DUE TO RELA

SCHEDULE OF AMOUNTS DUE TO RELATED PARTIES, INCLUDED IN TRADE PAYABLES AND ACCRUED LIABILITIES (Details) - CAD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Amounts due to related party	$ 33	$ 28
Due from related party	199	55
Advance		50
Investment	321	48
Total	520	153
Directors and Officers of the Company [Member]
IfrsStatementLineItems [Line Items]
Amounts due to related party	28	21
Related Companies [Member]
IfrsStatementLineItems [Line Items]
Amounts due to related party	$ 5	$ 7

SCHEDULE OF KEY MANAGEMENT COMP

SCHEDULE OF KEY MANAGEMENT COMPENSATION (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Geological consulting fees – expensed		$ 5	$ 136
Management fees – expensed	531	478	747
Salaries - expensed		182	185
Share-based payments	2,314	756
Total	$ 2,845	$ 1,421	$ 1,068

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative)	Dec. 18, 2019CAD ($)shares$ / shares	Dec. 31, 2020CAD ($)shares	Dec. 31, 2019CAD ($)shares	Dec. 31, 2018CAD ($)	Dec. 31, 2017CAD ($)	Dec. 31, 2021shares
Sentient [Member]
IfrsStatementLineItems [Line Items]
Number of common shares beneficially owned		36,980,982	36,980,982			36,980,982
Number of common shares beneficially owned, percentage		33.66%	41.70%			28.19%
Contemporary Amperex Technology Limited [Member]
IfrsStatementLineItems [Line Items]
Number of common shares beneficially owned	2,944,444	22,944,444	22,944,444			22,944,444
Number of common shares beneficially owned, percentage		2089.00%	25.87%			17.49%
Proceeds from related party | $	$ 530,000
Number of shares granted	1,472,222
Exercise price | $ / shares	$ 0.25
Former Chairman as Consultant [Member]
IfrsStatementLineItems [Line Items]
Fees charged by a legal firm | $		$ 185,706	$ 370,127	$ 174,224	$ 244,285

SCHEDULE OF CHANGES IN WORKING

SCHEDULE OF CHANGES IN WORKING CAPITAL (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Supplemental Cash Flow Information
(Increase) decrease in due from related party	$ (143)	$ 102	$ (126)
(Increase) decrease in prepaid expenses	(17)	7	3
(Decrease) increase in trade payables and accrued liabilities	(122)	(155)	134
Total changes in working capital	$ (282)	$ (46)	$ 11

SUPPLEMENTAL CASH FLOW INFORM_3

SUPPLEMENTAL CASH FLOW INFORMATION (Details Narrative) - CAD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Supplemental Cash Flow Information
Amount transferred from reserve to deficit	$ 203,865	$ 3,782,706	$ 3,860,656
Accrued exploration and evaluation expenditures	67,532	6,506	171,444
Restoration obligation	94,606	267,000
Advance to investment	$ 50,000	24,000
Offset due to related party investment		33,735
Trade payables		$ 7,500
Non-cash consideration for exploration and evaluation expenditures			51,000
Share premium liability			$ 88,987

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - CAD ($)	Jul. 01, 2014	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Management fees, per month		$ 19,106	$ 30,951
Agreement termination period from the date of effective control change		60 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

SCHEDULE OF CONTRACTUAL OBLIGAT

SCHEDULE OF CONTRACTUAL OBLIGATIONS (Details) - CAD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Trade and accrued liabilities, gross	$ 480
Trade and accrued liabilities	480	$ 362
Less Than 1 Year [Member]
IfrsStatementLineItems [Line Items]
Trade and accrued liabilities, gross	480
Trade and accrued liabilities	480
1 - 2 Years [Member]
IfrsStatementLineItems [Line Items]
Trade and accrued liabilities, gross
Trade and accrued liabilities
2 - 5 Years [Member]
IfrsStatementLineItems [Line Items]
Trade and accrued liabilities, gross
Trade and accrued liabilities

SCHEDULE OF COMPONENTS OF EQUIT

SCHEDULE OF COMPONENTS OF EQUITY, LOANS AND BORROWINGS, AND OTHER CURRENT LIABILITIES (Details) - CAD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Equity	$ 41,203	$ 39,015	$ 39,431	$ 66,944
Current liabilities	480	629	608
TOTAL LIABILITIES AND EQUITY	41,683	39,644	40,039
Cash	(1,973)	(308)	(1,098)	$ (339)
Equity and liabilities, net of cash	$ 39,710	$ 39,336	$ 38,941

RISK MANAGEMENT (Details Narrat

RISK MANAGEMENT (Details Narrative)	12 Months Ended
	Dec. 31, 2021Decimal
IfrsStatementLineItems [Line Items]
Description of accounts payable	The Company’s Canadian dollar equivalent of financial assets and liabilities that are denominated in Danish Krones consist of accounts payable of $6,776 (2020 - $7,349) and $3,032 in USD currency (2020 - $1,798).
United States of America, Dollars
IfrsStatementLineItems [Line Items]
Closing foreign exchange rate	1.2794
Euro Member Countries, Euro
IfrsStatementLineItems [Line Items]
Closing foreign exchange rate	1.4462
Denmark, Kroner
IfrsStatementLineItems [Line Items]
Closing foreign exchange rate	0.1936

SCHEDULE OF GEOGRAPHIC SEGMENTS

SCHEDULE OF GEOGRAPHIC SEGMENTS (Details) - CAD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Equipment	$ 16	$ 21
Exploration and evaluation assets	39,099	39,103
CANADA
IfrsStatementLineItems [Line Items]
Equipment	4	6
Exploration and evaluation assets	2,495	2,538
GREENLAND
IfrsStatementLineItems [Line Items]
Equipment	12	15
Exploration and evaluation assets	$ 36,604	$ 36,565

SEGMENTED INFORMATION (Details

SEGMENTED INFORMATION (Details Narrative)	12 Months Ended
	Dec. 31, 2021Int
Disclosure of operating segments [abstract]
Number of reportable operating segments	1
Number of geographic segments	2

SCHEDULE OF RECONCILIATION OF E

SCHEDULE OF RECONCILIATION OF EXPECTED INCOME TAX RECOVERY TO ACTUAL INCOME TAX RECOVERY (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Net loss	$ (3,996)	$ (2,741)
Statutory tax rate	27.00%	27.00%
Expected income tax recovery at the statutory tax rate	$ (1,079)	$ (740)
Permanent differences and other	479	222
Change in valuation allowance	600	518
Net deferred income tax recovery

SCHEDULE OF SIGNIFICANT COMPONE

SCHEDULE OF SIGNIFICANT COMPONENTS OF DEFERRED INCOME TAX ASSETS AND LIABILITIES (Details) - CAD ($)	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Deferred tax assets	$ 13,022,000	$ 12,422,000
Valuation allowance	(13,022,000)	(12,422,000)
Net deferred tax asset
Exploration and evaluation assets [member]
IfrsStatementLineItems [Line Items]
Deferred tax assets	7,209,000	7,198,000
Unused tax losses [member]
IfrsStatementLineItems [Line Items]
Deferred tax assets	5,351,000	4,878,000
Share Issuance Costs [Member]
IfrsStatementLineItems [Line Items]
Deferred tax assets	84,000	175,000
Cumulative Eligible Capital [Member]
IfrsStatementLineItems [Line Items]
Deferred tax assets		34,000
Investment [Member]
IfrsStatementLineItems [Line Items]
Deferred tax assets	81,000	35,000
Equipment [Member]
IfrsStatementLineItems [Line Items]
Deferred tax assets	$ 273,000	$ 102,000

SCHEDULE OF TAX POOLS RELATING

SCHEDULE OF TAX POOLS RELATING TO DEDUCTIBLE TEMPORARY DIFFERENCES AND THEIR EXPIRATIONS (Details)	Dec. 31, 2021CAD ($)
Canadian non-capital losses [Member]
IfrsStatementLineItems [Line Items]
Total	$ 19,604,000
Canadian Net-Capital Losses [Member]
IfrsStatementLineItems [Line Items]
Total	58,000
Canadian Resource Pools [Member]
IfrsStatementLineItems [Line Items]
Total	65,799,000
Canadian Share Issue Costs [Member]
IfrsStatementLineItems [Line Items]
Total	400,000
2022 [Member] | Canadian non-capital losses [Member]
IfrsStatementLineItems [Line Items]
Total
2022 [Member] | Canadian Net-Capital Losses [Member]
IfrsStatementLineItems [Line Items]
Total
2022 [Member] | Canadian Resource Pools [Member]
IfrsStatementLineItems [Line Items]
Total
2022 [Member] | Canadian Share Issue Costs [Member]
IfrsStatementLineItems [Line Items]
Total	227,000
2023 [Member] | Canadian non-capital losses [Member]
IfrsStatementLineItems [Line Items]
Total
2023 [Member] | Canadian Net-Capital Losses [Member]
IfrsStatementLineItems [Line Items]
Total
2023 [Member] | Canadian Resource Pools [Member]
IfrsStatementLineItems [Line Items]
Total
2023 [Member] | Canadian Share Issue Costs [Member]
IfrsStatementLineItems [Line Items]
Total	112,000
2024 [Member] | Canadian non-capital losses [Member]
IfrsStatementLineItems [Line Items]
Total
2024 [Member] | Canadian Net-Capital Losses [Member]
IfrsStatementLineItems [Line Items]
Total
2024 [Member] | Canadian Resource Pools [Member]
IfrsStatementLineItems [Line Items]
Total
2024 [Member] | Canadian Share Issue Costs [Member]
IfrsStatementLineItems [Line Items]
Total	43,000
2030 [Member] | Canadian non-capital losses [Member]
IfrsStatementLineItems [Line Items]
Total	696,000
2030 [Member] | Canadian Net-Capital Losses [Member]
IfrsStatementLineItems [Line Items]
Total
2030 [Member] | Canadian Resource Pools [Member]
IfrsStatementLineItems [Line Items]
Total
2030 [Member] | Canadian Share Issue Costs [Member]
IfrsStatementLineItems [Line Items]
Total	18,000
2031 [Member] | Canadian non-capital losses [Member]
IfrsStatementLineItems [Line Items]
Total	517,000
2031 [Member] | Canadian Net-Capital Losses [Member]
IfrsStatementLineItems [Line Items]
Total
2031 [Member] | Canadian Resource Pools [Member]
IfrsStatementLineItems [Line Items]
Total
2031 [Member] | Canadian Share Issue Costs [Member]
IfrsStatementLineItems [Line Items]
Total
2032 [Member] | Canadian non-capital losses [Member]
IfrsStatementLineItems [Line Items]
Total	645,000
2032 [Member] | Canadian Net-Capital Losses [Member]
IfrsStatementLineItems [Line Items]
Total
2032 [Member] | Canadian Resource Pools [Member]
IfrsStatementLineItems [Line Items]
Total
2032 [Member] | Canadian Share Issue Costs [Member]
IfrsStatementLineItems [Line Items]
Total
2033 [Member] | Canadian non-capital losses [Member]
IfrsStatementLineItems [Line Items]
Total	847,000
2033 [Member] | Canadian Net-Capital Losses [Member]
IfrsStatementLineItems [Line Items]
Total
2033 [Member] | Canadian Resource Pools [Member]
IfrsStatementLineItems [Line Items]
Total
2033 [Member] | Canadian Share Issue Costs [Member]
IfrsStatementLineItems [Line Items]
Total
2034 [Member] | Canadian non-capital losses [Member]
IfrsStatementLineItems [Line Items]
Total	1,484,000
2034 [Member] | Canadian Net-Capital Losses [Member]
IfrsStatementLineItems [Line Items]
Total
2034 [Member] | Canadian Resource Pools [Member]
IfrsStatementLineItems [Line Items]
Total
2034 [Member] | Canadian Share Issue Costs [Member]
IfrsStatementLineItems [Line Items]
Total
2035 [Member] | Canadian non-capital losses [Member]
IfrsStatementLineItems [Line Items]
Total	2,141,000
2035 [Member] | Canadian Net-Capital Losses [Member]
IfrsStatementLineItems [Line Items]
Total
2035 [Member] | Canadian Resource Pools [Member]
IfrsStatementLineItems [Line Items]
Total
2035 [Member] | Canadian Share Issue Costs [Member]
IfrsStatementLineItems [Line Items]
Total
2036 [Member] | Canadian non-capital losses [Member]
IfrsStatementLineItems [Line Items]
Total	2,213,000
2036 [Member] | Canadian Net-Capital Losses [Member]
IfrsStatementLineItems [Line Items]
Total
2036 [Member] | Canadian Resource Pools [Member]
IfrsStatementLineItems [Line Items]
Total
2036 [Member] | Canadian Share Issue Costs [Member]
IfrsStatementLineItems [Line Items]
Total
2037 [Member] | Canadian non-capital losses [Member]
IfrsStatementLineItems [Line Items]
Total	2,637,000
2037 [Member] | Canadian Net-Capital Losses [Member]
IfrsStatementLineItems [Line Items]
Total
2037 [Member] | Canadian Resource Pools [Member]
IfrsStatementLineItems [Line Items]
Total
2037 [Member] | Canadian Share Issue Costs [Member]
IfrsStatementLineItems [Line Items]
Total
2038 [Member] | Canadian non-capital losses [Member]
IfrsStatementLineItems [Line Items]
Total	2,656,000
2038 [Member] | Canadian Net-Capital Losses [Member]
IfrsStatementLineItems [Line Items]
Total
2038 [Member] | Canadian Resource Pools [Member]
IfrsStatementLineItems [Line Items]
Total
2038 [Member] | Canadian Share Issue Costs [Member]
IfrsStatementLineItems [Line Items]
Total
2039 [Member] | Canadian non-capital losses [Member]
IfrsStatementLineItems [Line Items]
Total	2,583,000
2039 [Member] | Canadian Net-Capital Losses [Member]
IfrsStatementLineItems [Line Items]
Total
2039 [Member] | Canadian Resource Pools [Member]
IfrsStatementLineItems [Line Items]
Total
2039 [Member] | Canadian Share Issue Costs [Member]
IfrsStatementLineItems [Line Items]
Total
2040 [Member] | Canadian non-capital losses [Member]
IfrsStatementLineItems [Line Items]
Total	1,682,000
2040 [Member] | Canadian Net-Capital Losses [Member]
IfrsStatementLineItems [Line Items]
Total
2040 [Member] | Canadian Resource Pools [Member]
IfrsStatementLineItems [Line Items]
Total
2040 [Member] | Canadian Share Issue Costs [Member]
IfrsStatementLineItems [Line Items]
Total
2041 [Member] | Canadian non-capital losses [Member]
IfrsStatementLineItems [Line Items]
Total	1,503,000
2041 [Member] | Canadian Net-Capital Losses [Member]
IfrsStatementLineItems [Line Items]
Total
2041 [Member] | Canadian Resource Pools [Member]
IfrsStatementLineItems [Line Items]
Total
2041 [Member] | Canadian Share Issue Costs [Member]
IfrsStatementLineItems [Line Items]
Total
No Expiry [Member] | Canadian non-capital losses [Member]
IfrsStatementLineItems [Line Items]
Total
No Expiry [Member] | Canadian Net-Capital Losses [Member]
IfrsStatementLineItems [Line Items]
Total	58,000
No Expiry [Member] | Canadian Resource Pools [Member]
IfrsStatementLineItems [Line Items]
Total	65,799,000
No Expiry [Member] | Canadian Share Issue Costs [Member]
IfrsStatementLineItems [Line Items]
Total

SCHEDULE OF GENERAL AND ADMINIS

SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSES (Details) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Consulting fees	$ 327	$ 194	$ 286
Filing fees	51	43	94
General office expenses	105	74	220
Investor relations	149	54	32
Management fees	433	467	745
Professional fees	94	158	182
Salaries and benefits		248	586
Total	$ 1,159	$ 1,238	$ 2,145

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) $ in Thousands	Apr. 08, 2022USD ($)	Apr. 02, 2022USD ($)	Mar. 03, 2022USD ($)	Feb. 17, 2022USD ($)shares	Dec. 31, 2021CAD ($)
IfrsStatementLineItems [Line Items]
Proceeds from exercise of warrants					$ 12,580,314
Premium Nickel Resources [Member]
IfrsStatementLineItems [Line Items]
Percentage of voting equity interests acquired					10.00%
Non-adjusting Events After Reporting Period [Member]
IfrsStatementLineItems [Line Items]
Borrowings			$ 1,000,000
Borrowings, maturity			April 30, 2022
Borrowings, interest rate			10.00%
Percentage of lender fee			3.00%
Non-adjusting Events After Reporting Period [Member] | Premium Nickel Resources [Member]
IfrsStatementLineItems [Line Items]
Percentage of voting equity interests acquired				9.80%
Number of common shares outstanding | shares				5.27
Non-adjusting Events After Reporting Period [Member] | Premium Nickel Resources [Member] | Shareholders [Member]
IfrsStatementLineItems [Line Items]
Percentage of voting equity interests acquired				25.00%
Percentage of outstanding common shares				75.00%
Non-adjusting Events After Reporting Period [Member] | Premium Nickel Resources [Member] | Warrant reserve [member]
IfrsStatementLineItems [Line Items]
Percentage of voting equity interests acquired				15.00%
Proceeds from exercise of warrants				$ 10,000
Disposal of major subsidiary [member] | Paradigm Capital Inc [Member]
IfrsStatementLineItems [Line Items]
Total gross proceeds	$ 10,000,320	$ 5,000,000